Sensex hits 30K, Delhi HC turns down RBI, RCom-Aircel Merger – Weekly Digest #42

Monday- 24th April 2017 Reliance Industries reported a 12.3% increase in quarterly net profit to ₹8,046 crores owing to robust petrochemical and refining margin. Jio reported a net loss for the six months as ₹22.50 crores. Owing to strong cues from French presidential elections, the Sensex rose 290.5 points to close at 29,656 points while Nifty …

RBI controls rupee price, Vedanta invests in Rival, RBI upholds objections against Tata Sons- Weekly Digest #39

Monday- 13th March 2017 No Major news as the market was closed on the occasion of Holi.   Tuesday- 14th March 2017 Nifty hit an all-time high of 9,112.75 points in response to BJP's decisive win the state of UP. It ended lower at 9,087 points. RBI intervened in the currency market to hamper profit booking …

Verizon Acquires Yahoo, Tata- DoCoMo Legal Battle, GST path cleared- Weekly Digest #7

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. …