Rupee hits an all-time low, Amazon India receives fresh infusion, Fortis-IHH deal approved by shareholders- Weekly Digest #69

Monday- 13th August 2018 The Indian Rupee hits a 5 year low as it fell by 1.58% against USD to reach 68.93 amidst selloff in emerging market currencies led by the collapsing Turkish lira. In the derivative trading, the rupee crossed 70 to the USD. Bain Capital Private Equity is competing with US private equity firm KKR to …

Another window for old currency?, Amazon keeps the investment flowing, IDFC-Shriram partnership- Weekly Digest #47

Monday- 3rd July 2017 Price cuts by companies and tax concessions for ITC helped investors confidence as Sensex claimed 31,000-mark to close at 31,221 and Nifty jumped beyond 9,600-mark to close at 9,615. Munjals-owned Hero MotoCorp has decided to put a complete halt on royalty payments to its former joint venture partner Honda. It will now use …

Mistry approaches NCLT, Amazon’s grand investment, RBI retracts new rule- Weekly Digest #27

Monday- 19th December 2016 PayPal has registered a notice of opposition with the registrar of trademarks over the similarities between their logo and that of PayTm. PayTm had filed its trademark application on July 18 and PayPal registered the complaint on the last day of 4-month timeframe. Cyrus Mistry resigned from the six Tata Group companies …