Transfin.
HomeNewsGuidesReadsPodcastsVideosTech
  1. News
  2. Explained

SC Extends Deadline to link Aadhaar with Bank Accounts et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 13, 2018 12:50 PM 1 min read
Editorial

End of Day Wrap-up (Tuesday / March 13, 2018) #SC #Aadhaar #TataSons #TCS #IPO #BharatDynamics #Indigo #GoAir #US #DonaldTrump #Tesla #Transfin

Editor's comment: SC extends deadline to link Aadhaar with bank accounts and mobile till final judgement is dispensed. Order will not apply to the deadline for subsidies and benefits under Section 7.

 

Tata Sons offloads 1.5% stake of TCS in a block deal today. TCS share price down 5.44% by close. Proceeds from trade expected to be used for debt reduction etc.

 

Government owned missile supplier Bharat Dynamics to IPO and offer INR961cr of stake in a 100% secondary sale. Business enjoys c.24% ROE and is the sole supplier of missiles to the Indian Armed Forces.

 

Indigo and GoAir cancel c.70 flights under DGCA order due to concerns around malfunctioning Pratt & Whitney engines. 11 A320 neo models affected.

 

US President Donald Trump blocks the planned takeover of Qualcomm by Broadcom on grounds of national security. Principal concerns on acquisition around China pulling ahead in development of 5G wireless technology.

 

VW secures $25bn in battery supplies to compete against Tesla as the latter struggles with production issues for Model 3. VW will equip 16 factories to produce EVs by end of 2022, compared with 3 currently, and produce 3m EVs a year by 2025.