Finance Blogs
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).” »
six-member’s task force has been setup. Arbind Modi, CBDT member (legislation) will lead the task force as the convener and other members, including Girish Ahuja (chartered accountant), Rajiv Memani (chairman and regional managing partner of EY) and Mansi Kedia (consultant, Indian Council for Research on International Economic Relations). Chief Economic Adviser Arvind Subramanian will be … Read More “Gov to revise Direct tax laws” »
Paytm alerted its millions of customers regarding a circulation of a fake message claiming to get e-wallet users cashback upto Rs 1,00,000. message claims that customer can win cashback of anywhere between Rs 1,000 to Rs 1 lakh. Paytm’s founder Vijay Shekhar Sharma also asked the customers to not fall into the trap of such … Read More “Paytm boss alerted customers against fake message.” »
FMCG major Godrej Consumer Products Ltd (GCPL) has lowered prices of its various products across hair colours, air fresheners, liquid detergents and deodorant categories in the range of 7-10 per cent to pass on benefits of the recent GST rate reduction. GCPL said the reductions will be effective immediately and would also be applicable on … Read More “Prices have been reduced by FMCG players” »
An important matter of concern is that the bankruptcy code does not currently specify the kind of buyers who can bid for assets of companies that are undergoing bankruptcy proceedings. As a result, promoters could reacquire their companies at a discount once the lenders decide to sacrifice a part of the money they are owed. … Read More “Upcoming Amendments in IBC with reasons : simplified” »
CreditMate is a Mumbai-based startup that facilitates two-wheeler loans for customers with no formal credit history. Paytm has been building its credit play after having raised $1.4 billion from SoftBank as it looks to go beyond running a e-wallet platform. About 65% of CreditMate customers are already Paytm users. Urja Money, which runs CreditMate, had … Read More “Paytm has taken over a majority stake in CreditMate.” »
Indian stock markets are likely to open higher following the uptrend in the US markets overnight. The early indicator of NSE Nifty — SGX Nifty Futures — was trading 0.34% higher at 10,350 on the Singapore Stock Exchange. These stocks are expected to be in focus today, Edelweiss Financial Services: Reasons- Edelweiss Financial Services said … Read More “Market summary 22/11/2017” »
To revive the loss-making airline, Air India has constituted five project teams headed by senior officials to deal with various aspects of the disinvestment. SBI Caps would help the carrier with disinvestment matters, including preparing business plans for subsidiaries that would be divested in a “time-bound manner”. The “disinvestment of Air India and its subsidiaries … Read More “Disinvestment of Air India” »
Smartphone maker Xiaomi today said it has tied up with Hipad Technology for third-party manufacturing of its power banks in India. This is the company’s third contract-manufacturing unit in the country and is located in Noida. It has a capacity to make seven power banks in a minute. Xiaomi has two other facilities in Andhra … Read More “Xiaomi Powerbanks : make in india” »