Flipkart completes buyback of employee stock options worth $100 million
Uploading Date : 13-12-2017Flipkart says over 3,000 existing and former employees of Flipkart, Myntra, Jabong and PhonePe had participated in the share repurchase programme
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RIL rubbishes reports of Reliance Jio listing
Uploading Date : 13-12-2017Reliance Industries termed as speculative reports that it plans to list its telecom subsidiary Reliance Jio with officials and investment bankers ruling out such a possibility in the near future. A Bloomberg report on Tuesday had said the oil-to-telecom behemoth backed by chairman Mukesh Ambani is holding internal discussions and was weighing an IPO as soon as late 2018 or early 2019”.
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The Gujarat elections and the Indian economy
Uploading Date : 12-12-2017The Gujarat elections are being held against the backdrop of a sluggish Indian economy. The latest Purchasing Managers’ Composite Index, a snapshot of private sector activity, came in at a low 50.3 for November—a level below 50 indicates contraction from the previous month. While the gross domestic product (GDP) numbers for the September quarter showed a bounce, part of that is statistical, the result of a lower base.
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Aegis Logistics hits record high as Q2 profit more than doubles
Uploading Date : 11-12-2017Aegis Logistics hit a record high of Rs 275, up 7% on the BSE in intra-day trade, after the company reported a more than doubled net profit at Rs 52 crore in September quarter, on back of strong revenue growth.
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ICICI Securities said to pick up banks to manage IPO
Uploading Date : 09-12-2017Mumbai: ICICI Securities Ltd, a unit of ICICI Bank Ltd, India’s largest private-sector lender by assets, has picked arrangers for an initial public offering (IPO) that could value the company at more than Rs20,000 crore, people familiar with the matter said.
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ArcelorMittal, SAIL are said to sign India joint venture deal soon
Uploading Date : 08-12-2017SAIL has finalized terms for a Rs6,000 crore steel plant with ArcelorMittal to cater to the automobile sector, a joint venture deal that has been two years in the making
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Stock brokers seek status quo on long-term capital gains tax
Uploading Date : 07-12-2017Association of National Stock Exchange Members (Anmi), the body of brokers on the bourse, has opposed a recently aired recommendation to remove the exemption on long-term capital gains (LTCG) tax. Anmi representatives met the chairman of the Central Board of Direct Taxes to urge no change in the tax structure for the capital markets.
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Jet Airways scraps agents' commission to save costs
Uploading Date : 06-12-2017Jet Airways will stop paying one per cent basic commission to travel agents in the country from January 1, mirroring a practice followed by global airlines. The airline said agents will have the option to levy transaction fee of upto 3.5 per cent of the basic fare and fuel surcharge component in tickets. Jet will continue to pay the sale-linked productivity bonus to agents.
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