A second whistle for SunPharma, RIL sets another benchmark, Jet Airways- Etihad Tussle- Weekly Digest #74

Monday- 14th January 2019 Talks among Jet Airways and partner Etihad Airways over a possible rescue are stuck over several stipulations by the former for making any further investment. Etihad has refused to pledge its shares as collateral against loans to the Indian carrier. VBL is in talks to acquire PepsiCo’s bottling, sales and distribution …

Market down on global cues, Sebi after shell companies, SoftBank adds fund to Flipkart- Weekly Digest #50

Monday- 7th August 2017 SEBI has presented at least half a dozen angel firms with notices within one and a half month, asking them to spell out details of their fund-raising business and explain whether they operate within the contours of the securities market law. InCred Finance, backed by former Deutsche Bank co-CEO Anshu Jain, …

Flipkart’s Biggest Funding, Service Charge Issues, Infosys disappointing results- Weekly Digest #40

Monday- 10th April 2017 Religare Enterprises Ltd (REL) is selling its entire 80% stake in Religare Health Insurance Co (RHI) to private equity firm True North. This values the health insurance company at ₹1,300 crores. Flipkart to buy Indian arm of its rival eBay and has announced the funding for the same for ₹9,000 crores. Ruptub Solutions, which …

Hindalco Returns with QIP, Flipkart Marked down, 7% GDP growth for Q3- Weekly Digest

Monday- 27th February 2017 Sunil Bharti Mittal called on global carriers to pool spectrum in entities that could be run by third-party network operators. This could help drive down costs in the financially stressed sector. Vikas Gupta, the former CEO of Cello Writing Group of Companies, has been appointed as the CEO of ITC's Wills Lifestyle and …

GST deadline postponed, ATM withdrawal enhanced, Flipkart devalued- Weekly Digest #31

Monday- 16th January 2017 The government is expected to roll out GST by 1st July 2017 as it finally reached an agreement between Centre and State over administration issues. 90% of assessees with turnover up to ₹1.5 crore will be scrutinised by state and balance 10% by Centre. Remaining assessments will be in 50:50 ratio. ATM withdrawal …

Tata Sons’ new Chairman, Flipkart ropes in Top-Exec, NYLIC re-enters Max- Weekly Digest #30

Monday- 9th January 2017 Kalyan Krishnamurthy has been named the new chief executive of Flipkart while co-founder BinnyBansal has moved to the position of group CEO.  Krishnamurthy was a former executive in the New-York based investment firm, New York Life Insurance Company has picked up a 22.51% stake for ₹121 crores in Max-Ventures and Industries Limited. The …

RBI rates unchanged, SBI Life’s Stake, Domestic players seek Government Support- Weekly Digest #25

Monday- 5th December 2016 Investment Giants such as Blackstone Group, KKR & Co and Bain Capital, Government of Singapore Investment Corp and Canada Pension Plan Investment Board are contenders for acquiring 10% stake in SBI Life. The sale is expected to raise an amount of ₹4,000 crores. Former Chairman of Tata Sons, Cyrus Mistry has asked the government …