Jio’s Stellar Launch, Paytm raises funds,Cement companies fined- Weekly Digest #12

Monday- 29th August 2016 To acquire the UK and Irish business of Israeli generics maker Teva, last remaining contenders are two local companies, namely Aurobindo and Intas. Both the companies have submitted an offer of near $1 billion. The decision to be taken in a next few weeks. Niti Aayog Vice-Chairman Arvind Panagariya has said in a …

Urjit Patel RBI’s Governor, Welspun India Tanks, L&T Chief Successor named- Weekly Digest #11

Monday- 22nd August 2016 Upon selection of Urjit Patel as the governor of RBI, the market reacted negatively due to a prospect of interest rate cuts. The market ended marginally lower, while bonds fell considerably. Future Group is in talks with Aditya Birla Retail to acquire or merge the More Supermarket of the latter one, to …

Novelis Bond Sale, Myntra execs exit, SC fines Unitech- Weekly Digest #10

Monday- 15th August 2016 Birla Group Company Hindalco's Novelis unit to raise an amount of $1.1 billion via the sale of US Bonds. The purpose of the sale is to refinance its bonds that are due for maturity in December 2017. The base size of the issue to be $550 million, with an option to …

AB Nuvo-Grasim Merger, Yes Bank’s share sale, CBI search JAL Offices- Weekly Digest #9

Monday- 8th August 2016 Deepak Parekh, HDFC's chairman, and Analjit Singh, chairman of Max Group announced  the merger of their life insurance businesses. This will create a new entity, which will be India's largest listed life insurance company with an estimated market value of Rs67,000 crores. The government has announced  opening date of the largest spectrum sale …

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 …