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. …

Jio to rollout broadband, Rupee hits all time low, a hope for recovery for SBI- Weekly Digest #65

Monday- 2nd July 2018 Anil Agarwal’s Volcan Investments, the holding company of Vedanta Resources Plc, has announced its plans to acquire 33.5% of the public shareholding and delist the group flagship company from the London Stock Exchange (LSE). The transaction is expected to cost Volcan $1.1 billion. The SEBI has directed ICICI Prudential AMC to …

TCS ₹16k Cr. Buyback, HDFC’s India’s largest QIP, Jio to raise money from bonds- Weekly Digest #63

Monday- 11th June 2018 The government has said that it wants NCLT and NCLAT to work through the summer, without a break, to resolve the corporate insolvency cases that have been piling up. The move was sparked by the NCLAT posting a vacation notice on its website announcing a break from June 1 to July 1. Supply …

Cryptocurrencies double fiasco, Jio enters profit, GST rejig- Weekly Digest #60

Monday- 15th January 2018 Rakesh Jhunjhunwala and D-Mart promoter Radhakishan Damani to team up to bid for Binani Cement, as the race to acquire the company on the verge of bankruptcy intensifies. Pantaloons Fashion Retail has appointed Sangeeta Pendurkar, former managing director at Kellogg India, as its chief executive, making her the first female CEO …

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 …

Reliance Jio new 4G device, Wipro buyback, $3billion fine to RIL, Shell and ONGC- Weekly Digest #48

Monday- 17th July 2017 Diageo plc to hold back the remaining $35 million of the $75 million it had agreed to pay Vijay Mallya as part of a settlement. It will now seek to recover dues from him. The Gujrat HC has quashed Essar Steel's plea against the RBI directive asking lenders to initiate bankruptcy proceedings against …

TCS buybacks, Update on Jio, AXIS merger rumours- Weekly Digest #36

Monday- 20th February 2017 Infosys denied allegations made in an anonymous letter to SEBI accusing members of Infosys management having prior investments in Panaya. TCS announced a buyback of ₹16,000 crores shares. 56 million shares will be bought back for a value ₹2,850 per share, which is equal to 3% of all equity shares. This caused …