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 …

Maggi in trouble, Reliance Jio – RCom deal revives, Jet Airways crash – Weekly Digest #72

Monday- 31st December 2018 The RBI has forecasted gross bad loans will decline to 10.3% of total loans by March 2019 from 10.8% at the end of September 2018 and 11.5% in March 2018. This is the first time since 2015 that the regulator has believed that the industry will report a decline in NPAs. …

HDFC’s Bond Issue, Relief for Rcom, Rupee recovery – Weekly Digest #71

Monday- 26th November 2018 Co-founder of Flipkart, Sachin Bansal, to establish a holding company through which he will run and invest in the emerging sectors- agri-tech and fin-tech. This comes after Bansal's resignation from Flipkart following its acquisition by Walmart. IIFL Securities has acquired a 15% strategic stake in the Bengaluru-based fin-tech startup, Trendlyne, a …

Rcom-Ericsson Settlement, Air Asia woes worsens, ICICI investigates Chanda Kochhar- Weekly Digest #62

Monday- 28th May 2018 HUL is suing Kwality Ltd claiming sole rights over Kwality Walls, the brand used for HUL’s ice creams. The Calcutta High Court directed Kwality Ltd to not use the original writing style of Kwality Walls for any of its dairy products, but continue to use its currently operational registered trademark KDIL’S …

SBI reports huge losses, Rupee hits new lows, Rcom-Ericsson hit Stalement- Weekly Digest #61

Monday- 21st May 2018 UAE has given its banks permission to share information with India related to Winsome Group,  the diamond house which is India’s second-largest wilful defaulter. After initial uncertainty, Softbank has decided to sell its entire 21% stake in Flipkart to US retail giant Walmart. Softbank had invested $2.5 billion in Flipkart and is expected to …

SBI cuts lending rate, Rupee hits a 3-year high, CDB withdraws insolvency proceedings against RCom- Weekly Digest #59

Monday- 1st January 2018 China's e-commerce giant Alibaba to acquire a minority stake in logistics company XpressBees for an estimated amount of $100 million as it looks to break into Indian markets to compete with global rival Amazon, and homegrown rival Flipkart. BoB failed to sell bad loans amounting to ₹2,300 crore due from Bhushan Steel and …