ZEE Chairman dramatic letter, More troubles for Chanda Kochhar, Over 200 hotels exit Oyo- Weekly Digest #75

Monday- 21st January 2019 The RBI has outlined norms for private parties to apply for the development of retail payment systems such as IMPS, UPI and others. It has said that it could allow multiple entities to set up payment systems in India to encourage competition as there are very few players at present. In …

A second whistle for SunPharma, RIL sets another benchmark, Jet Airways- Etihad Tussle- Weekly Digest #74

Monday- 14th January 2019 Talks among Jet Airways and partner Etihad Airways over a possible rescue are stuck over several stipulations by the former for making any further investment. Etihad has refused to pledge its shares as collateral against loans to the Indian carrier. VBL is in talks to acquire PepsiCo’s bottling, sales and distribution …

Anil Ambani to appear before SC, OYO’s tussle with small hotels continue, GST relief to small businesses- Weekly Digest #73

Monday- 7th January 2019 After issuing a circular that sought to clarify taxes on valuations, the CBDT withdrew it following a Congress party press conference at which it said the move would exonerate Rahul and Sonia Gandhi over income-tax liabilities in the Associated Journals Ltd case. The CCI has sought details from Samara Capital on …

HDFC’s Bond Issue, Relief for Rcom, Rupee recovery – Weekly Digest #71

Monday- 26th November 2018 Co-founder of Flipkart, Sachin Bansal, to establish a holding company through which he will run and invest in the emerging sectors- agri-tech and fin-tech. This comes after Bansal's resignation from Flipkart following its acquisition by Walmart. IIFL Securities has acquired a 15% strategic stake in the Bengaluru-based fin-tech startup, Trendlyne, a …

IBA Comes in Defense of Bankers, BOM’s CEO arrested, IPO Norms relaxed- Weekly Digest #64

Monday- 18th June 2018 ICICI Bank CEO, Chanda Kochhar to proceed on leave to facilitate an independent investigation into charges of favouritism and impropriety. The group’s life insurance head, Sandeep Bakhshi will assume the responsibilities meanwhile. HUL has filed a caveat petition in the Mumbai HC against Emami, anticipating the rival to approach the court …

TCS ₹16k Cr. Buyback, HDFC’s India’s largest QIP, Jio to raise money from bonds- Weekly Digest #63

Monday- 11th June 2018 The government has said that it wants NCLT and NCLAT to work through the summer, without a break, to resolve the corporate insolvency cases that have been piling up. The move was sparked by the NCLAT posting a vacation notice on its website announcing a break from June 1 to July 1. Supply …