Friday, 26 July 2013

NEWS WRAP - JULY 26, 2013

  • Holcim-Ambuja Cements Deal under SEBI Scanner; February 2013 Guidelines require SEBI Nod for all Merger & Acquisition deals.
  • Crisil sounds the Debt Knell for India; a third of 11,500 Companies may not be in a position to Service Debts this Fiscal.
  • General Motors Tavera Recall: Auto Company reports Government about  inconsistencies in the Weight of the Cars.
  • India not to join US-led Electronics Trade Pact, Joining first version was a mistake: Officials.
  • DHFL gets Foreign Partner to infuse Fresh Funds; acquires 74% stake in DLF Paramerica Joint Venture deal.
  • India's Best Boards 2013: Kumar Birla-led jury finds only five winners.
  • Vaishno Devi Dairy plans expansion; Rs. 105 crore Investment by 2014-15.
  • Mondelez appoints Ex-Pepsico CEO Manu Anand as India Head.
  • Soaring Revenue silences Facebook Skeptics.
  • Hindustan Unilever sets up First Digital Media Lab in Mumbai to train Managers on Digital Media Marketing.
  • Industrialist Ravi Jaipuria to foray into packaged ready-to-eat, frozen foods.
  • Reliance Entertainment's BIGFLIX ties up with Shemaroo Entertainment for Movie Library Sharing.
  • Vodafone launches new campaign to drive 3G usage in Mumbai; Competitively priced Mobile Internet Packages.
  • SEBI slaps Rs. 4 Lakhs fine on 2 Entities in Sanjay Dangi case.
  • Foreign Funds shifting bets to Singapore having no Securities Transaction Tax (STT) & Minimum Tax on Profits. 
  • Swiss Finance Corporation sells Yes Bank shares worth Rs. 92.55 crore.
  • Blue Rooster takes over plinth at Trafalgar Square in London, representing Male dominance.
Source: Economic Times

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