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Raghuram Rajan To Be Considered For The Post of Governor of Bank of England et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Apr 23, 2018 1:11 PM 1 min read
Editorial

End of Day Wrap-up (Monday / April 23, 2018) #ICICI #ChandaKochhar #Videocon #Walmart #Flipkart #JSW #Essar #NCLT #steel #AirIndia #RaghuramRajan #Tencent #IPO #music #Transfin

Editor's comment: ICICI Chairman shares findings of internal probe conducted 2 years ago which found no wrongdoing by Chanda Kochhar wrt loan to Videocon. Findings of report were endorsed by law firm Cyril Amarchand Mangaldas.

 

Walmart close to finalising deal to acquire a majority stake in Flipkart for c.$12bn. Current investors Tiger Global expected to exit and Softbank may offload significant part of its 20% holding.

 

JSW Steel open to bid solo if permitted to make new proposal to acquire bankruptcy-affected Essar Steel. Committee of Creditors expected to meet shortly to take a call after NCLT's order is out on Thursday (Expected as early as Monday).

 

New potential owner of Air India will be allowed to operate the airline under a holding company structure to enhance bidding appetite. 

 

The Financial Times lists former RBI Governor Raghuram Rajan as one of the candidates to be considered for the post of Governor of Bank of England. Philip Hammond, Chancellor of the Exchequer has kick-started the process to replace present Governor Mark Carney by next year.

 

Tencent Music plans IPO in second half of 2018 in the US. Valuation expected to touch $25bn, making it the 4th largest US tech listing.