Wednesday, 24 July 2013

NEWS WRAP - JULY 24. 2013

  • RBI halves daily funds available to Banks - Short term Borrowing Rates likely to go up; CRR raised indirectly.
  • Weaker Rupee leads the Luxury Companies to push up prices by 10%-15%.
  • Malls to cut Stores to size for more Business.
  • Women in Japan become Walking Billboards; paid to put ads on their thighs.
  • Ebay Eyes China as 2018 Global E-Commerce seen at $307 Billion.
  • Smartphones and Tablets taking the game away from Playstation, Xbox.
  • Volkswagen's Group Bentley to build world's most expensive SUV.
  • Hospitality Group Jukaso, ventures time-share Business; poached around 50 officials from Mahindra Group's time-share arm.
  • Brokerage Firm Emkay Global asks for SEBI's Flash-Crash Notice to NSE; SAT to hear Appeal again on 29th August.
  • BSE to refund 90% of Membership Deposit to Stockholders.
  • National Spot Exchange Ltd. (NSEL) makes changes in Contract Delivery System.
  • Sovereign Wealth Funds to get access to tax-free Infra Bonds.
  • Government planning to overhaul SEZ Policy to push declining Exports.
  • New Norms set to reduce trans-fatty-acids in Vanaspati Ghee to help it Gain lost Market.
  • Sugar Glut Easing as Bear Market spurs Supply Cuts.
  • Irish Cement major CRH PLC likely to bag Sree JayaJothi Cements Business.
  • NTPC to pump in Rs. 8,900 crore to develop Captive Coal Mines.
  • 30% Local sourcing norm can't be met, can procure only 20%: Walmart.
  • Government to get Rs. 14,900 crore from PSU Oil Companies on Gas Price Hike in Financial Year 2014-15.
Source: Economic Times

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