Mid Night News – 05th Sep 2017

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Midnight News Update – Sep 05th 2017   CRISIL has lowered India’s GDP forecast for the fiscal year 2017-18 to 7% as an outcome of GST hiccups and the lag effect of demonetization. Earlier, CRISIL had estimated full year growth at 7.4% for...

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Mid Night News – 04th Sep 2017

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Midnight News Update – Sep 04th 2017   The Infosys Board has sought shareholder approval to appoint Praveen Rao as its Managing Director. Rao, who was the COO of Infosys, was appointed as the interim CEO of Infosys after the resignation of...

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Mid Night News – 01st Sep 2017

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 Midnight News Update – Sep 01st 2017   The GDP numbers for the first quarter ended June 2017 came in almost 100 bps lower than the Reuters consensus estimate. With GDP growth at 5.7% and the GVA growth at 5.6%, the pressure of demonetization...

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Mid Night News – 31st Aug 2017

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Midnight News Update – Aug 31st 2017   The cabinet passed an ordinance enabling the increasing of the cess on luxury cars and SUVs from 15% to 25%. The final decision on the quantum of the increase will reset with the GST Council. The GST...

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Mid Night News – 30th Aug 2017

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 Midnight News Update – Aug 30th 2017   In a call with key investors, Mr. Narayana Murthy, spoke at length on the recent top management crisis as well as his role in the entire saga. Murthy continued to focus on his passion for corporate...

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Mid Night News – 29th Aug 2017

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 Midnight News Update – Aug 29th 2017 The government of India has brought out its consolidated FDI policy which also includes broad measures to encourage start-ups. The idea is to project start-ups as the software of India’s FDI plan so as to...

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Weekly Capsule for week ended Aug 25th 2017

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Weekly Capsule (Aug 21 – Aug 25) and Impact Analysis Major News Item Impact Analysis     Ø  Nandan Nilekani takes over as non-executive Chairman of Infosys Ø  This fills up the vacuum created at the top after the resignation...

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Mid Night News – 24th Aug 2017

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Midnight News Update – Aug 24th 2017   The Cabinet approved the merger of PSU banks in principle today. The final decision on specifics of mergers will be taken by a Group of Ministers which will be constituted by the Prime Minister. The...

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