Business World

RIL's AI Chatbot to assist Shareholders on rights issue of ₹ 53,125 crore Highlights :  RIL's Al Chatbot to assist Shareholders A "Hi" message on the number 7977111111 activates the Chatbot  Chatbot will assist Shareholders on its ₹ 53,125 crore rights issue. R IL's Al Chatbot to assist the shareholders on its ₹ 53,125 crore rights issue. A "Hi" message on the number 7977111111 activates the Chatbot. Reliance Industries leaned in its new partner Facebook's Whatsapp to launch a Chatbot to assist it's shareholders. The Chatbot, the first one rolled out for a public offering, has been developed by Jio Haptik  Technologies. RIL's subsidiary Reliance Jio Infocomm had in April last year acquired Chatbot-maker Haptik Infotech for ₹ 230 crore. The 75+ replies of the Chatbot includes :  Important Dates Details of Issue Options available to an Eligible Equity Shareholder Popular FAQS Share Calculator Important Links Check points for using UPI/NetB...

Highlights : 24% stake of Dish TV acquired by Yes Bank through pledged shares* Dish TV promotors owns 54.56% stake in the company, as of March 2020. Now they were left with only 30% stake in the company. *pledged shares means taking loan against the shares one holds. It can be done by both investors and promoters.  Banks can sell the pledge shares if the price of the stock falls closer to the value agreed in the contract between them and the company. Y es Bank acquires 24% stake in Dish TV through pledged shares. Dish TV promoters own 54.56% stake in the company as of March 2020. Now they were left with only 30% stake in the company. About Dish TV : Dish TV is a company providing Direct to Home ( DTH ) television services in India, operted by the Zee Group and the Videocon Group. Dish TV was launched by the Zee Group on 2nd October 2003. On 22 March, 2018 Dish TV completed a merger with Videocon D2H, creating   the largest DTH provider in India.   Dish TV, at the ti...

Highlights :  Google to buy 5% stake in Vodafone Idea Google gets a cheap entry into the market A deal with Google could be a lifeline for Vodaphone Idea G oogle is looking to buy 5% stake in Vodafone Idea, which owes as much as ₹54,000 crore in adjusted gross revenue dues to the government. A deal with Google could be a lifeline for Vodafone Idea. On the other hand, Google's parent company Alphabet Inc. is looking to buy some stake in Vodafone Idea's rival Reliance Jio Platforms. Google Vodafone-Idea deal is a  for both.Vodafone Idea needs money to survive and Google gets cheap entry into the market. Vodafone Idea had 28.4% share of domestic telecom market as of January 2020. About Google :  Google was founded in September 1998 by Larry Page and Sergey Brin , while they were PhD student at Stanford University. Together they own 14% of its share and control 56% of the stockholder voting power through supervoting  stock. 

Highlights :  S tate-run NTPC to buy Anil Ambani's Power Distribution Units. NTPC wants to acquire 51 % stake in BRPL and BYPL, which are on sale. Reliance Infrastructure owns a majority stake in BRPL and BYPL , which are joint venture with Delhi Government. NTPC, the country's largest electricity generator, said that it is interested in buying a majority stake in Reliance Group's Power  Distribution asset in Delhi. NTPC wants to acquire 51 % stake in  BRPL and BYPL, which are on sale. Reliance Infrastructure owns a majority stake in BRPL ( BSES Rajdhani ) and BYPL ( BSES Yamuna ) , which are joint venture with Delhi Government. The Reliance Group, controlled by Anil Ambani, has been looking to cut debt by selling stake in some of its companies. About NTPC : NTPC Limited, National Thermal Power Corporation Limited ,  is an Indian Public Sector Undertaking, engaged in the business of electric generations and allied activities. The headquarter of NTPC is situated a...

Amazon India Highlights :   Amazon provides free Health Insurance for its Sellers due to covid-19 The insurance will help cover the expenses related to COVID-19 hospitalization and treatment as well as ambulance assistance and ICU charges  Charges of up to INR 50,000 A mazon on Wednesday announced that it is providing a Covid-19 Health Insurance for its Sellers in India,  completely free of cost. The insurance will help cover the expenses related to COVID-19 hospitalization and treatment as well as ambulance assistance and ICU charges of up to INR 50,000, and it will be valid for one year after the activation. Amazon has partnered with Acko General Insurance  (Acko) to manage the policy delivery and handling of claims and reimbursements. Vice President, Seller Services , Amazon India , Gopal Pillai , said, While we sincerely hope none of our sellers need to use this, we want to make sure they have a sense of security and one less thing to worry about and ca...

Maruti Suzuki  Highlights :  Maruti Suzuki India has joined hands with ICICI Bank To offer retail financing schemes to its customers EMI amount starts from Rs 899 on a loan of ₹1 lakh for first three months Country's largest carmaker Maruti   Suzuki India   (MSI) on Tuesday said it has joined hands with  ICICI   Bank to offer  retail financing schemes to its customers. As part of the tie up, ICICI Bank is  offering flexi EMI  scheme which enables customers to pay low EMI initially, in order to help them overcome the liquidity stress due to the COVID-19 pandemic. The EMI amount starts from Rs 899 on a loan of Rs 1 lakh for first three months. The bank is also offering similar other EMI plans for MSI customers. About Maruti Suzuki :  Maruti Suzuki Maruti Suzuki India Limited , formerly known as  Maruti Udyog Limited , is an automobile manufacturer in India.  It is a 56.21 % owned subs...

ITC Limited ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited. Consumer goods major ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited, a company primarily engaged in the business of spices under the trademark "Sunrise".  In a regulatory filing on Sunday, ITC said the proposed acquisition is aligned with its strategy to rapidly scale up its FMCG businesses. The deal is subject to the fulfillment of terms and conditions, ITC said.  About ITC  :  ITC Limited is  an Indian multinational conglomerate  company headquartered in Kolkata, West Bengal. E stablished in  1910 as the  Imperial Tobacco Company of India Limited , the company was renamed as the  India Tobacco Company Limited  in 1970 and later to  I.T.C. Limited  in 1974. The Company now sta...

JioMart Highlights : JioMart is launched in the country in almost all regions. To purchase Groceries and Daily Essentials. At 5 % below MRP. Reliance Industries announces that it has launched JioMart in the country in almost all regions. You can purchase groceries and daily essentials. The company claims the price at a discount of 5% below MRP. Delivery fee of Rs 25 is levied if the order value is less than Rs 750. As of now, there are no membership plans available as of Amazon Prime and Flipkart Plus. Currently only the web version of JioMart is available. Website : JioMart.com

Anil Ambani Highlights :  UK court orders Anil Ambani to pay 717 Million dollars to 3 Chinese Banks within 21 days The Banks are - Industrial and Commercial Bank of China Ltd. Mumbai Branch, China Development Bank, Exim Bank of China THE CASE The three Chinese banks in 2012 loaned RCom almost $1 billion. They said that the agreement was signed in Hong Kong where a senior RCom official signed off on the deal which included a personal guarantee, making Ambani responsible for the debt under English law. The banks sued him in the English court after RCom defaulted on the repayments, even as Ambani maintained that he had not authorised anyone to sign on a personal guarantee on his behalf. The court rejected the argument saying his family members would come to his help as they had in the past. In March last year, Mukesh Ambani saved his sibling from a possible jail term when he helped RCom pay Rs 458.77 crore to Swedish telecom equipment maker Ericsson a day befor...

KKR's largest Investment in Asia: Reliance Jio Platforms Highlights :  KKR to invest ₹ 11,367 crore in Reliance Jio Platforms.   At an equity value of ₹ 4.91 lakh crore.   Enterprise value of ₹ 5.16 lakh crore Translate into 2.32 % equity stake in Jio Platforms.    KKR announced that it is going to invest ₹ 11,367 crore in Reliance Jio Platforms at an equity value of ₹ 4.91 lakh crore and at an enterprise value of ₹ 5.16 lakh crore. It will translate into 2.32 % equity stake in the Reliance Jio platforms. This is the 5th investment for Reliance Jio Platforms. Earlier Facebook, Silver Lake, Vista Equity Partners and General Atlantic had invested in the Jio Platforms. Reliance Jio is a fully owned subsidiary of Reliance Industries Ltd.  Motive behind the fresh investment is to raise funds and ensure that RIL meets it's target to become a zero net debt company by March 2021. Various Companies Inves...

Amazon Food  Amazon India started Food Delivery services in some parts of Bangalore. It stated that it will deliver food from some particular restaurants  to customers right now. Amazon has announced its food delivery services when India is under the lockdown due to Corona Virus. Major competitors of Amazon Food are Swiggy and Zomato. When both these competitors are laying off its employees, Amazon's new move come as a surprise. Now besides groceries, cooked food delivery is a new initiative by Amazon which may be welcomed by the customers.

Ola Cabs Highlights :  Ola announces 1400 Layoffs It's revenue is down by 95 % in the last two months. Ola on Wednesday, announces that it is going to layoffs it's 1400 employees due to Corona Crisis.  It also stated that it's revenue is down by 95 % in the last two months. Futher it's future is very uncertain. About OLA :  Ola Cabs is an Indian ride-sharing company offering services which includes peer-to-peer ride-sharing, ride service hailing, taxi and food delivery. The company headquarter is in Bangalore, Karnataka, India Ola Cabs was founded on 3 December, 2010 as an online cab aggregator in Mumbai, and is now based in Bangaluru. As of 2019, Ola has expanded to a network of more than 15 lakhs drivers ( 1.5 million ) across 250 cities. In 2018, Ola extended into its first overseas market in Australia. Later it also goes in Newzealand and UK. Ola's Acquisition  : In 2015, Ola Cabs acquired Bangaluru based taxi service Taxi...

Mahindra & Mahindra offers new finance schemes, special benefits for doctors, cops, women Mahindra  & Mahindra on Tuesday rolled out a range of new finance schemes, including special offers for the Corona Warriors and  women buyers, such as 8-year loan term, 90-days moratorium* on payment and 100 per cent on-road financing, to help customers purchase its vehicle with ease amid the lockdown. These financing schemes deliver financial flexibility and empower the customers to own a Mahindra vehicle model at their convenience, the company said in a release. "The introduction of these unique financing schemes is one more step by Mahindra to support its customers during these challenging times. "The bedrock of each one of our schemes is to provide financial flexibility and peace of mind to our customers, especially for our Corona Warriors who are providing unparalleled support at this point in time," said Veejay Nakra, CEO (automotive division), M&M Ltd  ...

GST ( Goods and Services Tax ), is an example of indirect tax, where the tax burden cannot be shifted to another person,as in case of direct tax. I'm posting the hand written note, go through it and if any problems then comment below :

Reliance Jio, General Atlantic to invest ₹ 6,598.38 crore in Jio Platforms HIGHLIGHTS : General Atlantic to invest ₹ 6,598.38 crore Equity value of ₹ 4.91 Lakh crore Enterprise value of ₹ 5.16 Lakh crore Translate into 1.34 % equity stake in Jio Platforms General Atlantic is going to invest ₹ 6598.38 crore in Jio Platforms, at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. It will translate into 1.34 % equity stake in the Jio platforms. This is going to be 4th huge investment for Jio platforms. Earlier Facebook, Silver Lake  and Vista Equity Partners had invested in the Reliance Jio Platforms. Facebook invested ₹ 43,574 crore for 9.99% stake. Silver Lake invested ₹ 5,655 crore for 1.15 % stake. Vista invested ₹ 11,300 crore for 2.32 % stake. General Atlantic invested ₹ 6,598 crore for 1.34 % stake. About General Atlantic : General Atlantic is an American Private Equity firm. It p...