Market hits all-time high, IHH wins bid for Fortis, TCS strong Q1 results- Weekly Digest #66

Monday- 9th July 2018 The NCLT has dismissed the lawsuit filed by two Cyrus Mistry family firms against Tata Sons, stating that it did not find any merit in allegations of mismanagement at Tata Sons. The DoT has conditionally approved the merger of Vodafone India with Idea Cellular. The conditions include  an upfront payment of ₹7,268 crore. The …

LIC’s investment cleared, Market stays sluggish, Discontent against IBC tweaks -Weekly Digest #54

Monday- 27th November 2017 Finance Ministry of India has confirmed that LIC's proposed investment ₹1.5 lakh crore in the Indian Railways. Earlier, concerns were raised regarding that it would take LIC's exposure to more than 25% of IRFC’s net worth. Goldman in its year-end forecast predicted that India's economic growth will touch the mark of 8% in FY19 …

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 …