On May 27, 2018 through a filing with the stock exchanges, Manpasand Beverages Ltd informed that the company’s statutory auditors have resigned with effect from May 26 and that the company has appointed a new auditor.
According to FPI fund flow data sourced from CDSL, the net outflows in the calendar 2018 (till June 28) aggregated to an all-time high of Rs 46,195 crore, even higher than the outflow of Rs 41,216 crore witnessed in 2008 — during global financial crisis.
State-owned LIC plans to buy a controlling stake in IDBI Bank. While LIC will get the bank that it has been wanting and the government will have completed a disinvestment, should an insurer be using policyholders’ money to buy a controlling stake in a troubled bank?
"The world is trying to deglobalise and if you hear the US President, it is clear that they are increasingly talking about their own economy and talking about tariffs. However, I think that it suits us as we are not very outward looking."
In the first eight months of financial year 2017-18, receipts within small savings schemes amounted to Rs 40,429 crore, a seven-fold dip from Rs 2,75,682 crore in the corresponding period of the previous year.
While the net FPI outflow in April stood at Rs 15,561 crore ($2.35 bn) and Rs 29,775 crore ($4.4 bn) in May, the aggregate for the first five months this year amounted to a net outflow of Rs 32,078 crore ($4.4 bn).
With four trading days still to go in this month, as on May 25, FPI’s have pulled out a net of Rs 26,768 crore from the Indian markets (Rs 18,949 crore from the debt market and Rs 7,819 crore from the equity market).
The decline in production numbers over these years, which coincided with consecutive years of drought and steeply falling water tables across several parts of the state, led to acute farm distress and protests.
NuPower, promoted by Deepak Kochhar, husband of Chanda Kochhar, between 2010 and 2012 got investments of Rs 325 crore from Mauritius-based Firstland Holdings, a company owned by Nishant Kanodia, son-in-law of Essar Group co-founder Ravi Ruia.