A view on the financial world.
Monday- 16th January 2017 The government is expected to roll out GST by 1st July 2017 as it finally reached an agreement between Centre and State over administration issues. 90% of assessees with turnover up to ₹1.5 crore will be scrutinised by state and balance 10% by Centre. Remaining assessments will be in 50:50 ratio. ATM withdrawal …
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 …
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 …
Monday- 19th December 2016 PayPal has registered a notice of opposition with the registrar of trademarks over the similarities between their logo and that of PayTm. PayTm had filed its trademark application on July 18 and PayPal registered the complaint on the last day of 4-month timeframe. Cyrus Mistry resigned from the six Tata Group companies …
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 …
The Financial Lens 