LIC’s investment cleared, Market stays sluggish, Discontent against IBC tweaks -Weekly Digest #54

Monday- 27th November 2017 Finance Ministry of India has confirmed that LIC's proposed investment ₹1.5 lakh crore in the Indian Railways. Earlier, concerns were raised regarding that it would take LIC's exposure to more than 25% of IRFC’s net worth. Goldman in its year-end forecast predicted that India's economic growth will touch the mark of 8% in FY19 …

McDonalds faces major shutdown, Provisioning halts insolvency recovery, VIVO wins IPL bid- Weekly Digest #46

Monday- 26th June 2017 The government has relaxed GST provisions for e-commerce as it has deferred provision that required e-commerce players such as Amazon and Flipkart to deduct tax on payments made to their vendors and small businesses that sell through these e-commerce platforms don't have to register themselves immediately. SBI has mandated Alvarez & Marsal to act …

Bankruptcy proceedings, TATA Group to acquire Air India, IHH withdraws from Fortis- Weekly Digest #45

Monday- 19th June 2017 Sensex closed at a record high of 31,311 points and Nifty at 9,657 points as RBI asked lenders to start bankruptcy proceedings against big defaulters. It has raised the hopes of a speedy resolution to the bad loans issue. The Income tax department has demanded all dividends due to Cairn Energy Plc from …

GST Council set rates, Bad loans under Bankruptcy Code, Hyundai Fined by CCI- Weekly Digest #44

Hello, readers. I hope you are doing fine. I would like to apologise for the absence for over five weeks. It was due to medical necessities. I hope this will not repeat anytime soon. Monday- 12th June 2017 GST council lowers rate on 66 household and other essential items such as Cashew nuts, insulins, cutlery, …