Finance Blogs
The Central Statistics Office`s (CSO) data disclosed that GDP for Q2 of 2017-18 stood at Rs 31.66 lakh crore, or a growth of 6.3 % , which is a sign of economic recovery as compared to Q1 which was 5.7% The growth in the agriculture slowed to 1.7% compared to 2.3% in the last quarter and … Read More “Growth in GDP from Q1 to Q2” »
As per its draft prospectus filed with the regulator,Shalby has fixed a price band of Rs 245-248 for an IPO size of Rs 504.8 crore ($78.26 million). The public offering will open on 5th December and close two days later. The firm had earlier explored raising capital via private equity funds, but then decided to … Read More “Shalby ltd. (hospital chain) proposed to issue an IPO” »
In reply to the merger proposal between the Vodafone India – Idea cellular, IT authorities have issued a Non-objection Certificate (NOC). However, the NOC is given along with a caution remark about the outstanding tax liabilities of Rs 22,100 crore on Vodafone parent group. A merger requires requires an NOC from the tax department. Therefore, … Read More “IT Department issues NOC on merger proposal between Vodafone India and Idea Cellular” »
AS you must be aware, In October this year, RCom abandoned/called off its proposed merger with Aircel due to regulatory delays and legal uncertainties. the Rcom has net debt of around Rs 45,000 crore (about $7 billion), To reduce its debt, RCom was to merge its business with Aircel. Rcom took loan from China Development … Read More “Financial and Operational creditors filed against RCom in NCLT” »
this bridge will connect Bakkal (Katra) and Kauri (Srinagar) , above the Chenab River in J&K. facts of the Bridge are; Deck height : 359 m (1178 ft) which is 30 m higher than the Eiffel Tower. Bridge length : 1,315 m (4,314 ft). Estimated cost of construction : INR 1250 crore . lifespan : 120 year. completion … Read More “world’s highest Railway Bridge in india by 2019” »
In order to stabalize the new tax regime, Chief Economic Adviser (CEA) Arvind Subramanian said the Goods and Services Tax (GST) may “probably” have fewer rates by “collapsing” 12 per cent and 18 per cent tax slabs into one. To address the complicacies in the IT systems on central and state level, GST council may merger … Read More “GST RATES 12% and 18% can probably be merged into one rate : CEA Arvind Subramanian” »
Under the companies Act of 2013, a private company treated as a deemed public company can restore its status as a private company. However, the conversion needs an approval from the NCLT. The resolution for such have been passed by majority, however requires 75% in AGM and the voting pattern was not immediately known. Public … Read More “NCLT on an Oppression compliant against Tata & Sons for conversion from public ltd into Private ltd.” »
Facebook has 217 million users In India. It claims to have imparted training for more than 60,000 small businesses, including 12,000 women entrepreneurs, in India through initiatives such as Boost Your Business and SheMeansBusiness. Under the proposed startup services will be ; providing digital skills and training for those who are looking for work. advising … Read More “Digital Taining Hub- A Startup by FACEBOOK” »
share purchase agreement is ; to acquire 100 per cent shares (10 million issued shares)of HIL in cash by LOTTE, ie $152 million (Rs 978 crore) . Currently, Havmor is fifth largest ice-cream player and has a significant parlour network across 14 states in India by making 150 kinds of products from two plants and … Read More “South Korea’s LOTTE buys HAVMOR” »
YONO will be accessed through web portal or Mobile application and allow customers to meet their lifestyle needs across 14 categories, including booking & renting cabs, entertainment, dining experience, travel & stay, medical needs and so on. The bank has partnered with over 60 e-commerce players to provide customized offers and discounts. Some of the … Read More “SBI is going to launch YONO (You Only Need One).” »