McDonald’s in trouble again, RCom enters an awaited resolution, Mobile Wallets KYC extended- Weekly Digest #58

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 …

DMart’s Historic IPO, Reliance’s Capital Gains, Delhi HC blocks Assets Sale- Weekly Digest #38

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 …

Service Charge optional, PayTm’s new investment, SEBI approves BSE’s IPO- Weekly Digest #29

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 …

Tata’s Battle continues, PayTm duped, Cashback on fuel- Weekly Digest #26

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 …

Jio sets record, Note 7 fiasco, Alibaba’s entry window- Weekly Digest #18

  Monday- 10th October 2016 Reliance Jio Infocomm announced that its subscriber has crossed the mark of 16 million customers within a month, making this a world record. It has surpassed the likes of Facebook, Whatsapp, and Skype in the pace of growth. Primal Enterprise has entered into a deal with Janssen Pharmaceutica to acquire five injectable …

Jio’s Stellar Launch, Paytm raises funds,Cement companies fined- Weekly Digest #12

Monday- 29th August 2016 To acquire the UK and Irish business of Israeli generics maker Teva, last remaining contenders are two local companies, namely Aurobindo and Intas. Both the companies have submitted an offer of near $1 billion. The decision to be taken in a next few weeks. Niti Aayog Vice-Chairman Arvind Panagariya has said in a …