A view on the financial world.
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 …
Continue reading "HDFC’s Bond Issue, Relief for Rcom, Rupee recovery – Weekly Digest #71"
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 …
Monday- 13th August 2018 The Indian Rupee hits a 5 year low as it fell by 1.58% against USD to reach 68.93 amidst selloff in emerging market currencies led by the collapsing Turkish lira. In the derivative trading, the rupee crossed 70 to the USD. Bain Capital Private Equity is competing with US private equity firm KKR to …
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 …
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 …
The Financial Lens 