SC Warns Anil Ambani, Sachin Bansal Invests in Ola, RBI Funds the Government – Weekly Digest #77

Monday- 18th February 2019 The RBI to pay ₹28,000 crore as interim dividend to the government, which will help the Center meet its revised budget estimates and polish its fiscal credentials ahead of the general elections. With this interim transfer, the government will get a total ₹68,000 crore from the central bank in the current …

Jet Airways ownership diluted, Yes Bank comes clean, Economic measures against Pak- Weekly Digest #76

Monday- 11th February 2019 The parliamentary standing committee on IT refused to meet representatives of Twitter India, insisting that CEO Jack Dorsey would have to appear before it in 15 days. The committee has insisted on meeting someone who can be held accountable for Twitter’s actions in India. The government is aiming to raise ₹5,316 …

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 …