Friday, 19 July 2013

NEWS WRAP - JULY 19, 2013

  • Dalal Street fears CRR hike as RBI manages to sell just Rs. 2,500 crore worth of bonds against the issue size of Rs. 12,000 crore.
  • Seven IITs, Infosys, TCS, Cognizant and Nasscom team up to provide free online courses.
  • Global food majors PepsiCo, Mondelez, ITC and Britannia eye major stake in Balaji Wafers.
  • Saradha Chit Fund: Supreme Court issues notice to Centre and West Bengal for CBI probe.
  • Supreme Court curbs on over-the-counter sale of acid to Minors.
  • LG India to reinvent itself as a consumer technology brand.
  • Oberoi Udaivilas voted best resort in Asia for 2013 by travel magazine.
  • Jewellers cut down on ads to avoid Government attention.
  • Gold Exchange-Traded Funds lose Appeal as Price Tumbles.
  • Parthasarathi Shome to head panel and to interact with Industry as a whole or large sections of the Industry on a regular basis on Tax related issues or disputes.
  • The government's direct tax collections could fall short of the budget target by about Rs. 25,000 crore due to large number of posts being vacant in the grade of ACIT.
  • Reliance Communications (RCom) slashes 3G tariff by 50 per cent, plans start from Rs. 123 for 1GB.
  • Dailmer India reaches No. 5 spot in truck sales.
  • Tata Teleservices, RCom, Aircel and Loop sign intra-circle roaming pacts to take on giants.
  • JB Chemicals & Pharmaceuticals settles claims raised by Cilag GmbH International and Johnson & Johnson.
  • MSD and Lupin tie up to co-market Pneumonia Vaccine in India.
  • The National Stock Exchange (NSE) will exclude Indian Hotels Company and Raymond from its Derivative Segment.
  • South Africa and the world showered tributes on Nelson Mandela as the anti-apartheid leader turned 95 in hospital.
  • Former Goldman Sachs Group Director Rajat Gupta banned, fined $ 13.9 Million.
  • Mini Monet's paintings fetch 2,50,000 pounds in 20 minutes.
Source: Economic Times 

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