Anil Ambani to appear before SC, OYO’s tussle with small hotels continue, GST relief to small businesses- Weekly Digest #73

Monday- 7th January 2019 After issuing a circular that sought to clarify taxes on valuations, the CBDT withdrew it following a Congress party press conference at which it said the move would exonerate Rahul and Sonia Gandhi over income-tax liabilities in the Associated Journals Ltd case. The CCI has sought details from Samara Capital on …

Vishal Sikka quits Infy, Aircel-Rcom merger approved, RIL fined- Weekly Digest #51

Monday- 14th August 2017 SEBI is examining the purchase of 8.9% stake credit rating firm CARE Ratings by CRISIL after the former complained that the transaction was an attempt at a potential hostile takeover. The Bombay High court has put up debt-ridden Sahara Group's Aamby Valley property at Lonavala for a public auction. The reserve price for …

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 …

Infosys’ internal conflicts, RBI’s neutral stance, Withdrawal Limits update- Weekly Digest #34

Monday- 6th February 2017 Tata Sons removed former chairman Cyrus Mistry from its board, marking the end of another phase in the months-long battle. The motion received 80% assent. Telecom Commission has questioned TRAI over methods and basis of charging the penalty of ₹3050 crores on Airtel, Idea and Vodafone for failing to provide adequate points of …