Yes Bank may not give its approval for Blackstone Group's buyout of Coffee Day Group's Global Village Technology Park, Mint reports.Coffee Day Group promoters have a debt of around $1 billion, the report said. The proposed Rs 2,800-crore sale of Global Village Technology Park is expected to help the group service some of its debt.Yes Bank is the single-largest lender to Coffee Day Group, with an exposure of Rs 1,500 crore, the report said.Close “Almost all statutory approvals, including the Karnataka government’s nod, have come, except for Yes Bank’s NOC (no-objection certificate)," a source told the paper. related news Nearly 500 CCD outlets shut down across India since April: Report Coffee Day Enterprises executes definitive agreement with Blackstone Group for tech park sale at Rs 2700 crore Blackstone Group signs definitive agreement for Coffee Day's tech park: Report Moneycontrol could not independently verify the report.Yes Bank, Coffee Day … [Read more...] about Coffee Day lender Yes Bank may block Blackstone deal: Report
Drink coffee lose weight make money
In an interview with CNBC-TV18, Samir Arora, Founder & Fund Manager at Helios Capital gave his take on Arun Jaitley's Union Budget 2018 and his outlook on the road ahead.Long-term capital gains (LTCG) tax should be paid but at the same time, people should not say that it does not matter. Nobody minds LTCG if that is what you want but please also admit that it matters. It is wrong to say that imposition of LTCG tax doesn’t affect investors, he said.According to him, India is growth and therefore nobody can live without it.Close India should now, unfortunately, underperform global peers, emerging market peers by 5-10 percent, he added.Samir AroraFund Manager|Helios Capital Management 'If there is no fiscal expansion in Budget, market will fall'India did better than expected given PNB scam, LTCG tax: Samir AroraYear 2018 will be much tougher for the market than 2017: Samir AroraRally in India is driven by strong US market, he further mentioned.Speaking of money flow, he said … [Read more...] about LTCG will hurt FII behaviour; will make India underperform other EMs, says Samir Arora
Yamaha’s YZF-R15 V3 recently joined the bandwagon of BSVI-compliant vehicles, as the updated version was launched by the Japanese motorcycle manufacturer yesterday. The motorcycle gets a new colour scheme along with a BSVI-compliant engine.Since Yamaha had to alter the engine to manage its emissions, the new motor makes 0.7 PS and 0.6 Nm less than its predecessor. The BSVI motor makes 18.6 PS of maximum power and 14.7 Nm of peak torque. However, its rev range and torque band remain unchanged. It also carries forward its 6-speed manual transmission with a slip-and-assist clutch.The motorcycle also gets a new radial rear tyre, though the rest of the underpinnings remain the same. It gets a pair of telescopic forks in the front and a monoshock at the back while braking duties are handled by single discs on both ends. The motorcycle also gets a dual-channel ABS unit as standard. The bike also still retains its kerb weight of 142 kilos.Close In addition to the mechanical changes, … [Read more...] about Yamaha launches BSVI YZF-R15: What has changed?
Subir RoyIt is hugely ironic that the Bharatiya Janata Party (BJP) government’s decision to speedily amend the Citizenship Act should be met with strong protests not just by key opposition parties for understandable reasons, but also by students across the Northeast, foremost being those in Assam, when they should have been the first to welcome it.The hurried move was prompted by the need to make the National Register of Citizens (NRC) work after the final shape of the Assam NRC was found to be deeply flawed by those who has fought for it over the years. The register, prepared under the supervision of the Supreme Court, was meant to fulfil the promise of the Assam Accord to record the citizenship status of all those who migrated into Assam until 1971, thereby establishing those who came thereafter as foreigners. In the event the Assam NRC excluded many who were not post-1971 entrant Muslim cultivators.Close When this flaw which excluded many indigenous Indians created an uproar … [Read more...] about Politics | Why the Citizenship Amendment Bill does more harm than good
The government is not looking aggressive enough and giving “some interesting ideas that we can hope for in the next few weeks”, Samir Arora, Founder and Fund Manager at Helios Capital, has told CNBC-TV18.Arora said the government after going for the corporate tax rate cut should expand the tax cuts “maybe for consumers, stock markets. In fact, the government is not looking aggressive enough, in fact they have to put that bad patch out".After the government reduced the corporate tax on September 20, the Sensex has rallied 13 percent and hit a record high followed by consolidation.Close The consolidation, with no big correction, indicates that the market could be waiting for more announcements from the government.Samir AroraFund Manager|Helios Capital Management India did better than expected given PNB scam, LTCG tax: Samir AroraLTCG will hurt FII behaviour; will make India underperform other EMs, says Samir AroraYear 2018 will be much tougher for the market than 2017: … [Read more...] about ‘If there is no fiscal expansion in Budget, market will fall’