Wednesday, 7 August 2013

NEWS WRAP - AUGUST 06, 2013

  • SEBI looking closely at Holcim-Ambuja Cements deal; feels ACC-Ambuja was better option.
  • Small Investors to get priority in NSEL payouts: FMC.
  • Sameer Suneja, former India head of Perfetti to become Global CEO of World's third largest confectionery group; first non-Italian to head Italian Sugar Confectionery.
  • Aviva likely to exit Indian Life Insurance JV, third Foreign Company to quit India since 2012.
  • RBI may soon issue final guidelines on Subsidarization of Foreign Banks.
  • RBI pulls Dhanlaxmi Bank for rise in bad loans, appoints Manoranjan Dash as Director on Bank's Board.
  • Amid economic slowdown over supply, Hotel Occupancy dips by 10-15%.
  • Mumbai based Real Estate Developer Orbit Corporation defaults on Rs. 96 crore Loans.
  • Bajaj Auto to shift 50% production from Pune if strike does not end in a week: Rajiv Bajaj.
  • Government plans to test all imported telecom devices for bugs and malicious software from October 1, 2013.
  • 154 Companies including Saradha Group and Rose Valley Group come under scanner for Financial Fraud.
Source: Economic Times

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