SC Warns Anil Ambani, Sachin Bansal Invests in Ola, RBI Funds the Government – Weekly Digest #77

Monday- 18th February 2019 The RBI to pay ₹28,000 crore as interim dividend to the government, which will help the Center meet its revised budget estimates and polish its fiscal credentials ahead of the general elections. With this interim transfer, the government will get a total ₹68,000 crore from the central bank in the current …

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 …

Apple India’s Head changed, Maruti becomes Most Valuable, Ola acquires FoodPanda- Weekly Digest #57

Monday- 18th December 2017 As a reaction to Gujrat election results, the market was in a rollercoaster as it recovered after an initial tumble. The Sensex rose by 139 points to close at 33,602 points, while the Nifty gained 56 points to close at 10,389 points. The road transport and highways ministry is seeking budget …

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 …