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 …

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 …

Bank’s Data Breach, Proposed GST Rates, MMT acquires Ibibo- Weekly Digest #19

Monday- 17th October 2016 Companies such as LG, Videocon and Godrej are not pleased with the discounts offered by e-retailers such as Flipkart, Amazon, and Snapdeal during festival sales. They have suggested that it is a violation of e-commerce regulations and warranty may be void on such products. Piveta Estates, a private venture of Max Group's founder and …

RBI’s interest cut, Spectrum sale disappoints, IMF positive on India- Weekly Digest #17

Monday- 3rd October 2016 Canadian pension fund manager CDPQ and financial services firm Edelweiss plan to invest an amount of $2 Billion into private debt and restructuring of stressed assets in the country over the next four years. CDPQ has acquired 20% stake in Edelweiss Asset Reconstruction Company with an initial investment of $300 million. Foxconn Technology …

Surgical Strike’s Impact, RIL all time high, ICICI Prud Life weak debut: Weekly Digest #16

Monday- 26th September 2016 The world's biggest retailer Walmart Stores is exploring an equity partnership with Flipkart to take on common rival Amazon in India. The companies are engaged in early talks and a meeting is scheduled this week. Godrej Consumer Products has filed a case against former managing director Arumugham Mahendran in the Bombay …