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Nov 18 2020 . ISSUE 9

Good morning! We've just passed the anniversary of corona yesterday but yeah, we didn't want to celebrate it until the vaccines are out!

On a more serious note to our subscribers:

If you got yesterday's newsletter in the 'promotions' section, please go to the top right of the mail, click on the three dots and choose move to primary. Sorry to make you work. But yeah, friendships demand some give and take.

Investment is most successful when it is most businesslike.

– Ben Graham




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DLF Ltd debuts on Dow Jones Sustainability Index (DJSI) 2020 in the Emerging Markets category Ranks 18th amongst 250 real estate companies across the world for its ESG practices

Delhi High Court orders investigation into alleged data theft by Just Dial

Amazon Launches online Pharmacy.
Documents in a folder with Trump Organization insignia

Now you can binge watch movies and series on Amazon Prime, read paperbacks on Amazon Kindle, and *drumrolls* order medicines at Amazon Pharmacy. 

Yep, Amazon has finally launched Amazon Pharmacy, and has effectively become your one stop for everything. Well almost everything. 

Amazon Pharmacy 

Amazon is bringing the complete package with their healthcare venture, offering customers an array of options, including letting customers add their insurance information and manage prescriptions through their secure profile.

After launching its own line of over-the-counter drugs in 2019, this is arguably Amazon’s broadest push into the healthcare business to-date. However, stiff challenge awaits them with Walmart owned flipkart and reliance staying strong in the field. 

Bottom line: This is Jeff Bezos's world & we're all living in it.

The fall of Lakshmi Vilas Bank
walmart shopping

Owing to their declining financial position, Lakshmi Vilas Bank(LVB) has been under the scanner of RBI for a while now. It was a strong warning when LVB were put under RBI's Corrective Action framework in the september of 2019. However, the bank failed to regain the trust of RBI. The Reserve Bank was forced to take action on LVB and here we are are!


The Central Bank has imposed a one-month moratorium on LVB with effect from November 17. The monthly withdrawal has been capped at ₹25,000 per customer. 

In another proposal, RBI unveiled a scheme to merge LVB with DBS Bank India Ltd, under the management of Asia's largest Financial Services Group, DBS Holdings Ltd. 

The combined balance sheet of both entities is expected to remain healthy.

Airtel Starts Refarming 2G to 4G
walmart shopping

After overtaking Reliance Jio in subscriptions for the month of August, Bharti Airtel has now started the refarming of 2G for 4G services. 

Better, faster internet

Bharti Airtel has started deploying 4G technology in 900 megahertz band, which it was using for 2G services.

The refarming will enable Bharti Airtel to further boost mobile signals inside buildings compared to signals transmitted in high frequency bands of 1800 Mhz and 2300 Mhz bands that are also in use for 4G services.

The refarming of 2G for 4G services is underway in six circles of Delhi, Kolkata, Andhra Pradesh, North East, Karnataka and Rajasthan. The company will extend the exercise to more circles in coming months. 

The company has already shut down 3G across the country and re-farmed all the 3G spectrum for 4G.

Bottom Line: Bottom line: The refarming will be able to provide much higher speeds of internet in the rural areas. 

Avenue Supermarts Ltd to Acquire Shopping mall & Multiplex
walmart shopping

Avenue Supermarts Ltd has come to an agreement with Velan Hotels Ltd for the acquisition of a Shopping Mall & a part of Multiplex. 

A Memorandum of Understanding (MoU) was signed by the two parties and Velan Hotels Ltd will receive a combined  Rs.35.4375 Crores for Shopping Mall (100%) & Multiplex (41.19%).

Avenue Supermarts Ltd is a subsidiary of Dmarts and with this acquisition will move towards setting up another franchise of theirs in the state of Tamil Nadu. 

  • Infosys has partnered with the Ellen MacArthur Foundation charity. The organisations will work together to accelerate the global transition to a circular economy.
  • The Board of Control for Cricket in India (BCCI) has announced Mobile Premier League (MPL) as the official kit sponsor for men’s, women’s and the Under-19 Indian cricket teams till December 2023.
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