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WhatsApp Pay To Launch, Mahindra Q4 Results et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
May 30, 2018 1:03 PM 1 min read
Editorial

End of Day Wrap-up (Wednesday / May 30, 2018) #WhatsApp #Paytm #MobiKwik #GoogleTez #Reliance #Jio #GST #tax #TRAI #Mahindra #Microsoft #Transfin

Editor's comment: WhatsApp Pay to launch by next week to compete with Paytm, MobiKwik, and Google Tez. Partner banks to include ICICI Bank, HDFC Bank, and Axis Bank.

 

System and process glitches 11 months after GST roll-out results in INR20,000cr worth of tax refunds due from the govt. Reports indicate overburdened tax authorities refuse to accept refund applications. 

 

TRAI plans to employ blockchain tech to ensure only authorised telemarketing agencies can send promotional calls and messages to users. Plan included in draft regulations available for public feedback till June 11th. 

 

Mahindra Group's profits exceed analyst expectations in Q4 at INR1,155cr with revenue rising 25.6% yoy

 

Reliance Jio to offer 100 Mbps data services, video and voice calls for less than INR1,000 per month later this year. Aggressive pricing expected to further disrupt the telecom sector struggling to cope up with intense price competition from Jio.  

 

Microsoft's share price surges by 40% in last 12 months on back of strong results making it more valuable vs. Alphabet. Microsoft's cloud business considered to be key driver pushing its market capitalisation to $749bn vs. $739bn of Alphabet.