A view on the financial world.
Monday- 31st October 2016 After allegations by the ousted Tata Sons chairman, Cyrus Mistry, regarding irregular personal expense claims and certain company charges in AirAsia India, the airline owned by Tata Sons and Malaysia's AirAsia Bhd, AirAsia India said it will take strict action against anyone found guilty in the ongoing probe. Ap per latest data released by …
Continue reading "US Election Jitters, Government fines RIL, Air Asia accused- Weekly Digest #21"
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 …
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 …
Continue reading "Bank’s Data Breach, Proposed GST Rates, MMT acquires Ibibo- Weekly Digest #19"
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 …
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 …
The Financial Lens 