A view on the financial world.
Monday- 1st August 2016 China's taxi service, Didi Chuxing, to acquire the China operations of its rival Uber. The battle to outperform other had cost both the companies over billion dollars and hence the decision came as a shock. Uber now aims to focus on other emerging markets such as India. RBI encouraging Non-Banking Finance …
Continue reading "Uber-Didi Alliance, Baring Asia’s Turnaround, DHFL CPI Bonds – Weekly Digest#8"
Monday- 25th July 2016 Yahoo! has entered into a deal with Verizon to sell its web business for a consideration of $4.8 billion. The consideration will constitute an all-cash based transaction. Yahoo will be integrated with Verizon's AOL. Telecom Commission fixed the weighted average spectrum usage charges (SUC) at a minimum of 3% of the revenue. …
Monday- 18th July 2016 Hindustan Unilever reported a lower than expected sales growth, even though the profit rose by 10% for Q1. Dabur acquired 100% stake in South African cosmetics and trading firm Discaria Trading. The value of the aforesaid deal has not been disclosed yet. This paves a way for Dabur to enter the South …
Starting this week, this blog shall initiate 'Weekly Digest'. For this, we shall be posting a brief summary of news that affected the business world during the week. Main events will be picked from Monday-Friday and their summary will be posted on the weekend. The news events that occurred during the weekend will be covered …
The Financial Lens 