Wednesday, 31 July 2013

NEWS WRAP - JULY 31, 2013

  • Search on for RBI Governor's Successor, reconstituted UPA-3 to assume power in 2014: P Chidambaram.
  • RBI Policy Review: Investors upset with no-action; no Rate Change, nor any Timeline for easing Liquidity.
  • Hindalco manages to refinance Rs. 4700 crore from SEBI and Axis Bank for its Utkal Alumina Project; banks agreed to cut rates by 300 bps for the Project.
  • BCCI Probe Panel 'Illegal and Unconstitutional': Bombay High Court.
  • Sahara Chief Subrata Roy should be punished for contempt: SEBI to Supreme Court.
  • Welspun Maxsteel pleads to RBI against 'Illegal' Imports from Iran.
  • Bank of India to buy Standard Chartered's Office space in Delhi for Rs. 125 crore.
  • Google launches 'Start Searching India' Campaign with an objective to help users in India.
  • Sheikhs fail miserably in Indian consumer Market due to operational issues and religious tenets.
  • SEBI seeks fresh details from Godrej Properties - Real Estate arm of Godrej Group for Company's proposed Rs. 700 crore Rights Issue.
  • Srei Infrastructure Finance Limited seeks SEBI Nod to raise up to Rs. 200 crore through NCDs.
  • Selling Las Vegas: Macau Gamblers lured to Sin City.
  • TVS Motor Company to launch two new bikes in Kenya in next two Quarters.
  • BSE to transfer 41 stocks to restricted Trading Category from August 2, 2013 as a measure to ensure Market Safety.
Source: Economic Times

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