A view on the financial world.
Monday- 17th April 2017 A senior official of the Finance Ministry said that after SBI merger, the government is looking to adopt a similar roadmap for other state-run lenders such as PNB and BoB including raising fresh capital and restructuring policies. Citi has pointed out to the Finance Ministry that global banks and funds are taking …
Monday- 26th December 2016 eBay India reported a three times rise in the sales in 2015-16 to 392 crores. However, its loss widened from 172 crores to 262 crores this year despite various cost-cutting measures. Godrej Nature's Basket has initiated its process of shutting all the eight stores it operated in NCR. It has already closed …
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 …
Monday- 12th December 2016 Malvinder and Shivinder Singh are in negotiations with private equity group TPG Capital to sell a 26% share in Fortis Healthcare, the country's second-largest private hospital chain. The current market cap of Fortis Healthcare is INR 7,909 crore. Tata Industries removed Cyrus Mistry as director after a shareholder's meeting. This is expected to …
Continue reading "Tata’s Battle continues, PayTm duped, Cashback on fuel- Weekly Digest #26"
Monday- 14th November 2016 IRDA (Insurance Regulatory and Development Authority) has raised its concerns over proposed merger of Max Financial Services and Max Life into HDFC Life as it may not be in the lines with the act. The Insurance Act does not permit the merger between an insurance company and a financial services company. The Indian unit …
The Financial Lens 