Tags » Finacial

Urjit Patel RBI's Governor, Welspun India Tanks, L&T Chief Successor named- Weekly Digest #11

Monday- 22nd August 2016

  • Upon selection of Urjit Patel as the governor of RBI, the market reacted negatively due to a prospect of interest rate cuts.
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Novelis Bond Sale, Myntra execs exit, SC fines Unitech- Weekly Digest #10

Monday- 15th August 2016

  • Birla Group Company Hindalco’s Novelis unit to raise an amount of $1.1 billion via the sale of US Bonds. The purpose of the sale is to refinance its bonds that are due for maturity in December 2017.
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AB Nuvo-Grasim Merger, Yes Bank's share sale, CBI search JAL Offices- Weekly Digest #9

Monday- 8th August 2016

  • Deepak Parekh, HDFC’s chairman, and Analjit Singh, chairman of Max Group announced  the merger of their life insurance businesses. This will create a new entity, which will be India’s largest listed life insurance company with an estimated market value of Rs67,000 crores.
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Dabur enters South Africa, First Insurance IPO, Vedanta-Cairn Merger - Weekly Digest #6

Monday- 18th July 2016

  • Hindustan Unilever reported a lower than expected sales growth, even though the profit rose by 10% for Q1.
  • Dabur acquired 100% stake in South African cosmetics and trading firm Discaria Trading.
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Nirma Acquires Lafarge, HDFC's Masala Bonds, Cairn Plc suing India - Weekly Digest #5

Monday- 11th July 2016

  • The government to include app bought on play store and app store under the equalisation levy by December 2016. This could make apps costlier by 8-10%.
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Race for Jabong, Primary Market on High, Fat Tax in Kerala - Weekly Digest #4

Monday- 4th July 2016

  • E-commerce giants including Alibaba, Future Group, Myntra and Aditya Birla’s E-commerce are in a race to acquire Jabong, the online fashion portal.
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Salary & Pension hike, NGO's Tax Penalty, Easing PAN for NRs - Weekly Digest #3

Monday- 27th June 2016

  • In the aftermath of Brexit, currencies took a harsh impact. Pound crashed to a 31 year low, stocks of European banks saw a fall of over 10%.
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