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 …

Jet Airways ownership diluted, Yes Bank comes clean, Economic measures against Pak- Weekly Digest #76

Monday- 11th February 2019 The parliamentary standing committee on IT refused to meet representatives of Twitter India, insisting that CEO Jack Dorsey would have to appear before it in 15 days. The committee has insisted on meeting someone who can be held accountable for Twitter’s actions in India. The government is aiming to raise ₹5,316 …

ZEE Chairman dramatic letter, More troubles for Chanda Kochhar, Over 200 hotels exit Oyo- Weekly Digest #75

Monday- 21st January 2019 The RBI has outlined norms for private parties to apply for the development of retail payment systems such as IMPS, UPI and others. It has said that it could allow multiple entities to set up payment systems in India to encourage competition as there are very few players at present. In …

RBI-FinMin Consensus, Fall in crude oil prices, Rupee staging comeback- Weekly Digest #70

Monday- 19th November 2018 The RBI and the Finance Ministry have reached a common ground where the RBI has agreed to restructure small-scale loans and set up a committee to discuss the issue of transfer of surplus reserves to the government. It also decided to consider a relaxation of lending norms for banks under the …

RBI increases repo rate, Jet Airways in trouble, RIL wins against the govt- Weekly Digest #68

Monday- 30th July 2018 Axis Bank reported a 46% fall in net profit in the Q1 to ₹701 crore from ₹1,306 crore on YoY basis. This has been attributed to a rise in provisions and muted other income. DLF Brands is shuttering the India store network of US women’s accessories brand Claire's amid trouble at the …

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 …

Unitech faces the axe of NCLT, MAX Hospital loses its license, RBI keeps rates unchanged- Weekly Digest #55

Monday- 4th December 2017 Tata Communications, the telecom arm of Tata Sons which looks into enterprise, cloud and security solutions, has earmarked a capital expenditure of $20-25 million for its overall cloud business for the coming year. Online jewellery platform Bluestone Jewellery and Lifestyle's losses widened to ₹96.89 crore in 2016-17 from ₹70.5 crore in the previous …