Uber-Didi Alliance, Baring Asia’s Turnaround, DHFL CPI Bonds – Weekly Digest#8

Monday- 1st August 2016 China's taxi service, Didi Chuxing, to acquire the China operations of its rival Uber.  The battle to outperform other had cost both the companies over billion dollars and hence the decision came as a shock. Uber now aims to focus on other emerging markets such as India. RBI encouraging Non-Banking Finance …

Verizon Acquires Yahoo, Tata- DoCoMo Legal Battle, GST path cleared- Weekly Digest #7

Monday- 25th July 2016 Yahoo! has entered into a deal with Verizon to sell its web business for a consideration of $4.8 billion. The consideration will  constitute an all-cash based transaction. Yahoo will be integrated with Verizon's AOL. Telecom Commission fixed the weighted average spectrum usage charges (SUC) at a minimum of 3% of the revenue. …

Dabur enters South Africa, First Insurance IPO, Vedanta-Cairn Merger – Weekly Digest #6

Monday- 18th July 2016 Hindustan Unilever reported a lower than expected sales growth, even though the profit rose by 10% for Q1. Dabur acquired 100% stake in South African cosmetics and trading firm Discaria Trading. The value of the aforesaid deal has not been disclosed yet. This paves a way for Dabur to enter the South …

Nirma Acquires Lafarge, HDFC’s Masala Bonds, Cairn Plc suing India – Weekly Digest #5

Monday- 11th July 2016 The government to include app bought on play store and app store under the equalisation levy by December 2016. This could make apps costlier by 8-10%. Airtel-Aircel 4G spectrum deal gets an approval from the telecom ministry. The deal is expected to be around worth Rs 3,500 crores. Nirma won over …

Race for Jabong, Primary Market on High, Fat Tax in Kerala – Weekly Digest #4

Monday- 4th July 2016 E-commerce giants including Alibaba, Future Group, Myntra and Aditya Birla's E-commerce are in a race to acquire Jabong, the online fashion portal. The deal size is expected to be around $250-300 million. Government looking towards the policy of 'Value Capture Financing' to recover some of the premium that public infrastructure generates for …

Salary & Pension hike, NGO’s Tax Penalty, Easing PAN for NRs – Weekly Digest #3

Monday- 27th June 2016 In the aftermath of Brexit, currencies took a harsh impact. Pound crashed to a 31 year low, stocks of European banks saw a fall of over 10%. Asian markets were relatively more resilient o the impact. Tata Advanced Systems is tying up with Bell Helicopter to compete against Mahindra-Airbus combination in …