Monday- 3rd July 2017 Price cuts by companies and tax concessions for ITC helped investors confidence as Sensex claimed 31,000-mark to close at 31,221 and Nifty jumped beyond 9,600-mark to close at 9,615. Munjals-owned Hero MotoCorp has decided to put a complete halt on royalty payments to its former joint venture partner Honda. It will now use …
Tata’s Battle continues, PayTm duped, Cashback on fuel- Weekly Digest #26
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 …
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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 …
Demonetization of Currency, Donalds Trumps, Sensex slides 699 points- Weekly Digest #22
Monday- 7th November 2016 Private equity firm, Warburg Pincus, has invested $75 million transport logistics provider Rivigo Services for a minority stake. ICICI Bank reported an insignificant 2.4% rise in its Q2 profit, at ₹3,102 crores, up from previous year's ₹3,030 crores. A surge in corporate bad loans nullified the gains from the sale of …
Surgical Strike on Black Money- All You Need to Know.
During his address to the nation on 8th November 2016, PM Narendra Modi highlighted the two problems that the country is currently facing, terrorism and corruption. These two issues converged to the point of money, counterfeit currency promoting the former one and black money causing the latter one. He announced a single measure to tackle …
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The Financial Lens 