Saturday, 27 July 2013

NEWS WRAP - JULY 27, 2013

  • Unilever top level rejig: Mideast Chief Sanjiv Mehta to take over in India as Nitin Paranjpe takes Charge of Home Care Business.
  • Draft M&A rules has no mention of Spectrum Sharing; Speedy Approval only to Entities with up to 35% Market Share.
  • Watered Down Jet Etihad Deal likely to get Approved on Monday.
  • RBI Bonds Auction: 80% of Rs. 15000 crore Bonds sold.
  • India dominates Global Market for Spice Oleoresin, controls 60% of Global Spice Oleoresins Market.
  • ITC aspires to be No. 1 in FMCG Sector: YC Devashwar.
  • Gujarat to buy Natural Gas from Canada at $12 per unit. would take at least 3 Years to build Infrastructure.
  • Reliance Life Insurance in talk with smaller banks for tie-up.
  • Sajjan Jindal led - JSW Energy eyes acquisition of distressed units to grow its Energy Portfolio.
  • AP Government lifts 6 Years Ban imposed on Drug Manufacturers, relief to Pharmaceutical Industry.
Source: Economic Times

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