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Not investor's pasand. Stock hammered by 50% due to GST fraud

Not investor's pasand. Stock hammered by 50% due to GST fraud

Shares of Manpasand Beverages were locked at the lower circuit limit of Rs 48.85 on 3rd June 2019. The plunge experienced was almost 50%. This was after the arrest of...
Adani carmichael coal project recieves nod after coalition party emerges victorious

Adani carmichael coal project recieves nod after coalition party emerges victorious

The Adani group receives a nod from the state of Queensland, Australia for the company's management plan to protect the endangered bird. The approval is one of the two permits...
Tobacco industry braces for impact as Dr. Harshvardhan takes over

Tobacco industry braces for impact as Dr. Harsh Vardhan takes over

Dr Harsh Vardhan has been re-elected as a part of Prime Minister Narendra Modi’s Cabinet. During his last tenure as a cabinet minister, Dr Vardhan was responsible for three ministry...
corporate tax rate cut

Reliance Capital aims to reduce debt by Rs. 10,000 crores

On 18th May 2019, Reliance Capital Ltd (RCL) announced their plans for monetizing its assets worth of Rs. 10,000 crores in order to reduce their more than 50% of debt...
Equity Right

Airtel gains ARPU but lose valued customers due to this scheme

India's largest telecom operator reported an increment of over 18% in its Average Revenue Per User (ARPU). The ARPU rose from ₹104 Q3FY18 to ₹123 Q4FY19. The jump in the...
ADAG on selling spree. Radio gone what next

ADAG on selling spree. Radio gone what next

On 23rd May 2019, Anil Ambani had signed an agreement with Nippon Life Insurance to exit Reliance Nippon Life Asset Management Limited (RNAM). Reliance Capital is going to receive about...
Jet Airways asked to open the closet. Lenders ask auditors to make Audit report public

Jet Airways asked to open the closet. Lenders ask auditors to make Audit report public

Ernst & Young (E&Y) was asked by the lenders’ consortium to carry out a forensic audit of Jet Airways books in April 2019. The audit report was not made public...
Crude in trouble. Worries for India as US sanctions rogue nations

Crude in trouble. Worries for India as US sanctions rogue nations

The never-ending saga of the US sanction on Iran and Venezuela has taken hit on the crude oil prices in the last year. China and India are the largest importers...
L&T ups the ante. Grabs more of Mindtree

L&T ups the ante. Grabs more of Mindtree

On 29th May 2019, Infrastructure major Larsen & Toubro (L & T) Ltd acquired 97,815 equity shares of Mindtree Ltd. The mode of acquisition was through the open market. This...
Equity Right Ola Financial Services

SFPL gives up NBFC dreams. Renounces the licence

Mr Dilip Shanghvi's investment company Shanghvi Finance Pvt Ltd (SFPL) has surrendered their NBFC license. The investment company is a unit of Dilip Shanghvi Group. The group is also responsible...