Wipro lays off staff, Mallya Arrest and Release, Mistry’s woes continue- Weekly Digest #41

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 …

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 …

Demonetization crashes Market, Tata-Cyrus battle, Kingfisher Airlines Winding Up- Weekly Digest #23

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 …

Mystery behind Mistry, Varun Beverages IPO, Next phase of Privatisation- Weekly Digest #20

Monday- 24th October 2016 TATA Sons sacked their chairman Cyrus Mistry as Ratan TATA takes the position as interim chairman while the replacement is announced. Cyrus Mistry had held this position for four years. The new chairman to be announced within four months. Everstone Capital has invested INR 220 crore in contract research and drug-delivery …