A view on the financial world.
The love for food, the comfort of home and procrastination to cook has made Zomato a household name in India. Zomato is currently one of the biggest players in the food delivery space, competing majorly only against Swiggy. However, the stock of Zomato has been largely unimpressive since its stellar debut. Let us have a …
Monday- 25th December 2017 Serial entrepreneur C Sivasankaran is set to take the DoT to the Supreme Court in the wake of the 2G case acquittals, seeking ₹3,400 crore in damages that he lost after the apex court had cancelled 122 licences, including six of STel’s in 2012. HDFC Ltd and its JV partner Standard …
Monday- 6th March 2017 The National Company Law Tribunal said that the Mistry family's firms aren't qualified to file a petition alleging mismanagement of Tata Sons and oppression of minority shareholders. A shareholder needs a stake of at least 10% to file a petition in NCLT. Delhi HC told former Ranbaxy promoters Malvinder and Shivinder Singh …
Monday- 2nd January 2017 Industrialists Sunil Munjal and Saroj Poddar are in talks to buy a minor stake in digital payments platform, Paytm. Sunil Munjal is the chairman of Hero Corporate Services and Saroj Poddar is the chairman of fertiliser and engineering services conglomerate Adventz Group. Anshu Jain, the former coCEO of Deutsche Bank has joined the New York-based …
Monday- 12th December 2016 Malvinder and Shivinder Singh are in negotiations with private equity group TPG Capital to sell a 26% share in Fortis Healthcare, the country's second-largest private hospital chain. The current market cap of Fortis Healthcare is INR 7,909 crore. Tata Industries removed Cyrus Mistry as director after a shareholder's meeting. This is expected to …
Continue reading "Tata’s Battle continues, PayTm duped, Cashback on fuel- Weekly Digest #26"
The Financial Lens 