The Sensex mounts 37K, HDFC AMC saw a stellar demand, Voda-Idea merger approved- Weekly Digest #67

Monday- 23rd July 2018 LIC has tightened its grip on Infrastructure Leasing & Financial Services (IL&FS) by appointing its own senior executive as chairman. Hemant Bhargava, LIC managing director and its nominee on IL&FS’ board, will be its new non-executive chairman. Flipkart to shut down eBay.in, which it had been operating for the last one year, and eBay …

Market hits all-time high, IHH wins bid for Fortis, TCS strong Q1 results- Weekly Digest #66

Monday- 9th July 2018 The NCLT has dismissed the lawsuit filed by two Cyrus Mistry family firms against Tata Sons, stating that it did not find any merit in allegations of mismanagement at Tata Sons. The DoT has conditionally approved the merger of Vodafone India with Idea Cellular. The conditions include  an upfront payment of ₹7,268 crore. The …

Jio to rollout broadband, Rupee hits all time low, a hope for recovery for SBI- Weekly Digest #65

Monday- 2nd July 2018 Anil Agarwal’s Volcan Investments, the holding company of Vedanta Resources Plc, has announced its plans to acquire 33.5% of the public shareholding and delist the group flagship company from the London Stock Exchange (LSE). The transaction is expected to cost Volcan $1.1 billion. The SEBI has directed ICICI Prudential AMC to …

IBA Comes in Defense of Bankers, BOM’s CEO arrested, IPO Norms relaxed- Weekly Digest #64

Monday- 18th June 2018 ICICI Bank CEO, Chanda Kochhar to proceed on leave to facilitate an independent investigation into charges of favouritism and impropriety. The group’s life insurance head, Sandeep Bakhshi will assume the responsibilities meanwhile. HUL has filed a caveat petition in the Mumbai HC against Emami, anticipating the rival to approach the court …

TCS ₹16k Cr. Buyback, HDFC’s India’s largest QIP, Jio to raise money from bonds- Weekly Digest #63

Monday- 11th June 2018 The government has said that it wants NCLT and NCLAT to work through the summer, without a break, to resolve the corporate insolvency cases that have been piling up. The move was sparked by the NCLAT posting a vacation notice on its website announcing a break from June 1 to July 1. Supply …

Rcom-Ericsson Settlement, Air Asia woes worsens, ICICI investigates Chanda Kochhar- Weekly Digest #62

Monday- 28th May 2018 HUL is suing Kwality Ltd claiming sole rights over Kwality Walls, the brand used for HUL’s ice creams. The Calcutta High Court directed Kwality Ltd to not use the original writing style of Kwality Walls for any of its dairy products, but continue to use its currently operational registered trademark KDIL’S …

SBI reports huge losses, Rupee hits new lows, Rcom-Ericsson hit Stalement- Weekly Digest #61

Monday- 21st May 2018 UAE has given its banks permission to share information with India related to Winsome Group,  the diamond house which is India’s second-largest wilful defaulter. After initial uncertainty, Softbank has decided to sell its entire 21% stake in Flipkart to US retail giant Walmart. Softbank had invested $2.5 billion in Flipkart and is expected to …