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 …
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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 …
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