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, …

ICICI Q4 results, Patanjali now second in race, NPA Ordinance- Weekly Digest #43

Monday- 1st May 2017 Ola reported a consolidated PBT of ₹2,313 crores for FY 16 in comparison to FY 15 loss of ₹796 crores. This has been attributed to heavy spending to maintain market leadership against Uber. Xander Group to acquire 100% interest in Shriram's Gateway SEZ in Chennai for $190 million. This is the largest private equity buyout …

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 …

Market begins recovery, DTA with Singapore revised, Holding SBNs Criminalised- Weekly Digest #28

Monday- 26th December 2016 eBay India reported a three times rise in the sales in 2015-16 to 392 crores. However, its loss widened from  172 crores to  262 crores this year despite various cost-cutting measures. Godrej Nature's Basket has initiated its process of shutting all the eight stores it operated in NCR. It has already closed …