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 …

IBC Tweaks approved, GST benefit ensured, E-cabs by Uber- Weekly Digest #53

Monday- 20th November 2017 CBEC Chairman, Vanaja Sarna has written to the biggest companies to ensure that the GST cut from 28% to 18% on 178 consumer products is passed on to the consumers. Infibeam is in talks with Prem Watsa’s Fairfax Financial Holdings to sell a minority stake. The company is also considering strategic investment in …

ICICI Q4 results, Patanjali now second in race, NPA Ordinance- Weekly Digest #43

Monday- 1st May 2017 Ola reported a consolidated PBT of ₹2,313 crores for FY 16 in comparison to FY 15 loss of ₹796 crores. This has been attributed to heavy spending to maintain market leadership against Uber. Xander Group to acquire 100% interest in Shriram's Gateway SEZ in Chennai for $190 million. This is the largest private equity buyout …