NEWS CAPSULES
- UK’s Vodafone Group Plc. has won an international arbitration against the Indian government over retrospective tax demand of ₹20,000 crores, in the Permanent Court of Arbitration in The Hague which has ruled that the Indian government’s imposition of tax liability on Vodafone is in breach of the investment treaty agreement of ‘fair and equitable treatment, between India and the Netherlands.
- The Reserve Bank Of India on Sunday Approved the formation of a three-member committee of directors to temporarily run the struggling Lakshmi Vilas Bank Ltd after shareholders voted out seven directors, including managing director and chief executive S. Sundar.
- Donald Trump had paid no income taxes at all in 10 of the previous 15 years – largely because he reported losing much more money than he made. He paid $750 in federal income taxes the year he won the presidency.
- Homebred smartphone maker Lava and listed contract manufacturer Dixon have both applied for the government’s production-linked incentive (PLI) Scheme.
IPO UPDATE
a. UTI Asset Management Company Ltd. IPO:
Pros:–
- It Manages 153 mutual fund schemes, is the second-largest AMC in India in terms of AUM and 8TH Largest in terms of QAAUM.
- The Management Fees from domestic mutual fund account for 72.7% of the total income of the company.
- Is in the Industry for more than 55 years.
- Has four stakeholders namely SBI, LIC, PNB & BOB each of which has Government of India as a majority Stakeholder
Cons:–
- UTI AMC’s Market Share has declined consistently over the past years having an adverse impact on the business, financial condition and results of operations.
- A substantial portion of UTI’s domestic mutual fund QAAUM is concentrated in few schemes.
b. Mazagon Dock Shipbuilders Ltd. IPO:
Features
- India’s Leading public sector defense shipyard company.
- World Class Infrastructure facilities.
- Strategic location at Mumbai on the west coast of India.
- Strong Order book and financial position.
- The President of India acting through the Ministry of Defense, GOI is the promoter of the company.
c. Likhita Infrastructure Ltd. IPO:
Features
- The company is engaged in providing oil & gas pipelines, city gas distribution projects, Cross-Country Pipeline Projects, and operations and maintenance services as well.
- 20+ years of existence having presence across 16+ States and 2 Union Territories.
- Strong Client Base
- Efficient Business Model and Strong Project Execution Capabilities.
- Revenue and Profits have been growing YOY for the past 3 years.- No Listed Companies in India which are engaged in the same line of business.
To Invest and keep regular track of your portfolio download: Fintoo App Android http://bit.ly/2TPeIgX / Fintoo App iOS http://apple.co/2Nt75LP‘
Disclaimer: The views shared in blogs are based on personal opinion and does not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.
Tags:
