India-Pak tensions escalate, SEBI probes NSEL Scam, ED carryout raids against Kochhar – Weekly Digest #78

Monday- 25th February 2019 The income tax department has revived its demand that Cognizant provide documents related to the bribes it had paid to Tamil Nadu government officials to secure approvals for a building. Cognizant had voluntarily disclosed to the US SEC in 2016 the payment of bribes after it uncovered the 2014 payments in …

IBA Comes in Defense of Bankers, BOM’s CEO arrested, IPO Norms relaxed- Weekly Digest #64

Monday- 18th June 2018 ICICI Bank CEO, Chanda Kochhar to proceed on leave to facilitate an independent investigation into charges of favouritism and impropriety. The group’s life insurance head, Sandeep Bakhshi will assume the responsibilities meanwhile. HUL has filed a caveat petition in the Mumbai HC against Emami, anticipating the rival to approach the court …

UBHL attached by SEBI, Rupee strengthens against dollar, Airtel-Tata Tele takeover approved- Weekly Digest #52

Hi everyone. Sorry was away from the blog due to exams. But hoping to pick it back up. So here is the summary of this week's news. Also, suggestions about what else content can be posted on this blog are most welcome. Monday- 13th November 2017 Owing to the fiscal deficit for the year due to …

Market down on global cues, Sebi after shell companies, SoftBank adds fund to Flipkart- Weekly Digest #50

Monday- 7th August 2017 SEBI has presented at least half a dozen angel firms with notices within one and a half month, asking them to spell out details of their fund-raising business and explain whether they operate within the contours of the securities market law. InCred Finance, backed by former Deutsche Bank co-CEO Anshu Jain, …

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 …

Reliance dominates news, Amazon’s​ new CMO, SEBI disappoints PSBs- Weekly Digest #14

Monday- 12th September 2016 The Government has shortlisted three merchant bankers , Citi, Morgan Stanley and ICICI Securities to divest minority stakes held in listed and unlisted companies through the Specified Undertaking of the Unit Trust of India (SUUTI). To protect the consumer interests, India is looking to set a maximum cap for surge pricing  for …