Bitcoins- A Revolution or a Bubble about to Burst? – All You Need to Know

Ever since its recent spurge, the world has been abuzz with the possibilities and risks revolving around the latest fad among the investors, the Bitcoins. Bitcoins saw a huge spike in their prices, with more and more people wishing that they had invested in the cryptocurrency earlier. But it raises many questions altogether, and today …

Service Charge optional, PayTm’s new investment, SEBI approves BSE’s IPO- Weekly Digest #29

Monday- 2nd January 2017 Industrialists Sunil Munjal and Saroj Poddar are in talks to buy a minor stake in digital payments platform, Paytm. Sunil Munjal is the chairman of Hero Corporate Services and Saroj Poddar is the chairman of fertiliser and engineering services conglomerate Adventz Group. Anshu Jain, the former coCEO of Deutsche Bank has joined the New York-based …

Market begins recovery, DTA with Singapore revised, Holding SBNs Criminalised- Weekly Digest #28

Monday- 26th December 2016 eBay India reported a three times rise in the sales in 2015-16 to 392 crores. However, its loss widened from  172 crores to  262 crores this year despite various cost-cutting measures. Godrej Nature's Basket has initiated its process of shutting all the eight stores it operated in NCR. It has already closed …

Tata’s Battle continues, PayTm duped, Cashback on fuel- Weekly Digest #26

Monday- 12th December 2016 Malvinder and Shivinder Singh are in negotiations with private equity group TPG Capital to sell a 26% share in Fortis Healthcare, the country's second-largest private hospital chain. The current market cap of Fortis Healthcare is  INR 7,909 crore. Tata Industries removed Cyrus Mistry as director after a shareholder's meeting. This is expected to …

RBI rates unchanged, SBI Life’s Stake, Domestic players seek Government Support- Weekly Digest #25

Monday- 5th December 2016 Investment Giants such as Blackstone Group, KKR & Co and Bain Capital, Government of Singapore Investment Corp and Canada Pension Plan Investment Board are contenders for acquiring 10% stake in SBI Life. The sale is expected to raise an amount of ₹4,000 crores. Former Chairman of Tata Sons, Cyrus Mistry has asked the government …

L&T lays off, RBI rupee worries, OP Bhatt to lead Tata Steel- Weekly digest #24

Monday- 21st November 2016 Indian stock market wiped out all the gains it made this year after 8th consecutive bear-session. Nifty nears the critical 8,000 mark and Sensex has fallen below 26,000 points.  With rupee  touching its all time low, RBI has supposedly taken steps to avert the disaster further. The central bank sold dollars as …

Demonetization of Currency, Donalds Trumps, Sensex slides 699 points- Weekly Digest #22

Monday- 7th November 2016 Private equity firm, Warburg Pincus, has invested $75 million transport logistics provider Rivigo Services for a minority stake. ICICI Bank reported an insignificant 2.4% rise in its Q2 profit, at ₹3,102 crores, up from previous year's ₹3,030 crores. A surge in corporate bad loans nullified the gains from the sale of …