Saturday, 3 August 2013

NEWS WRAP - AUGUST 03, 2013

  • FTIL & MCX Stocks continue to be hammered; Spot Trading to come to Forward Markets Commission (FMC) net post-NSEL.
  • Rupee Depreciation: Global Funds like Fidelity, HSBC, JP Morgan, Franklin sell Indian Equities worth $1.4 billion.
  • BCCI to appeal High Court's Order; Srinivasan made to wait.
  • Infosys founder Nandan Nilekani's wife Rohini sells 5.77 lakh Infosys stocks worth Rs. 163.51 crore, plans to use money for philanthropic activities.
  • Telecom Department issues final Unified License Norms, telecos can enter into Roaming Pacts.
  • GlaxoSmithKline loses Cancer Drug Patent in India for its Anti-Cancer Drug 'Tykerb'.
  • TRAI Chief Rahul Khullar says 3G roaming pacts must be allowed.
  • ISRO, Tata Motors develop India's first Hydrogen Fuel cell Bus.
  • Google  enters Smart Phone Market with 'Moto X'.
  • Reliance Industries Limited denies CAG charges, says it cleared all dues to MMRDA for its upcoming project BKC.
  • Single Brand Retailers like Mark's & Spencers allowed to sell sub-brands from stores.
  • SEBI imposes Rs. 25 lakhs penalty on Keynote Commodities for Fraudulent Trade Practices in IPO of Emmbi Polyarns in 2010.
  • Power Grid Corporation to Increase Capital expenditure by 10-15%; to sell 15% through Offer for sale.
  • BSE halves Circuit limit for Multi Commodity Exchange (MCX)  Shares with effect from August 5, 2013.
  • Kerela State with best Health Indicators, has the lowest density of Doctors.
  • TVS Motor Company plans to set up manufacturing unit in Uganda.
Source: Economic Times

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