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GST Council Meets Today, Flipkart Partners with Hotstar, Yuan Takes A Hit et al .

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jul 21, 2018 12:43 PM 2 min read

End of Day Wrap-up (Saturday / July 21, 2018) #GST #GSTCouncil #SEBI #ATM #Flipkart #Microsoft #Yuan #US #China #TradeWar #Transfin

Editor's Comment: GST council to meet today, to reduce rates on commonly consumed items with low revenue implications. Products to considered includes handicrafts, handlooms, e-books, and sanitary napkins.


INR100cr to be spent and more than a year to go for calibrating 240,000 ATMs to the new INR100 note. Fifth new banknote issued since demonetization. Slow roll out preferred to avoid cash crunch. 


SEBI pushes large companies to raise at least 25% of borrowing via bonds from next fiscal. Move part of plan to deepen Indian corporate bond markets. SEBI may reduce rating criteria from AA to A to encourage more bond issuances. Monetary penalties for non-compliance to be introduced from 2023 onwards. 


Flipkart partners with Hotstar to launch video ad platform named Shopper Audience Network. Platform to allow brands to target consumers through personalized video ads on Hotstar. Flipkart to leverage consumer data from its user base to provide inputs in making more targeted advertisements.


Microsoft FY18 revenues cross $100bn for the first time on the back of a stronger cloud business. Revenues of productivity and business process category, which includes LinkedIn up 13% in quarter hitting $9.7bn. 


Yuan takes its largest one-day hit in 2 years as investors panic in midst of ongoing US-China trade war. Currency rose back on Friday after President Trump's comments on the US Dollar and his criticism of Fed's proposed rate hikes.