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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Brexit, Rexit, Nikesh Arora resigns – Weekly Digest #2
Monday- 20th June 2016 Raghuram Rajan's refusal to stand for a second term as RBI's Governer saw a slump in the stocks, bonds, and the rupee market. He has announced his return to academia. Amazon and Walmart are looking to battle for the market in India after an introduction of new FDI policy which allows e-commerce in …
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