DSIJ Mindshare

Hinduja Global Solutions (HGS) has acquired majority stake in digital consulting services company Element Solutions. The company’s UK subsidiary acquired 57 per cent stake in the company for an amount of $5 million. 

Imitating investment of a good fund or a star investor seems to be a good investment strategy, however, it should be followed with proper caution.

Post PNB scam, the banking sector has witnessed many consequences impacting the credit flow in the Indian economy. The ministry of Finance received many representations on easing the grip on banks and providing alternatives to LoUs.The PNB scam of Rs. 13,000 crore has forced RBI to tighten the grip on PSU banks and directed to identify similar instances. Further, the banks were also directed not to issue LoU’s and guarantees.

The pharma sector funds have been bleeding for a while now. The category has registered negative return of -6.97 per cent in the last one year and -4.08 per cent in the last one month. Many investors are worried about their returns from the pharma funds and also have doubts about the future of these investments.

Raising objections to a NTPC subsidiary signing a power supply agreement with Bangladesh Power Development Board (BPDB), the Association of Power Producers said that the proposed sale will be a violation of government's policy and also be detrimental to Indian consumers.