Thursday, 8 August 2013

NEWS WRAP - AUGUST 07, 2013

  • Former IMF Chief Economist 'Raghuram Rajan' becomes new RBI Governor.
  • S P Jain Institute bags First Place in ISB-Ivey Global Case Study Competition conducted by Indian School of Business (ISB).
  • Cadila Pharmaceuticals looking to set up $150 Million manufacturing unit in Astrakhan, Russia.
  • Sanjeev Kapoor promoted - Wonderchef Home Appliances targets 3 fold jump in turnover to Rs. 160 crore by 2017.
  • Vodafone, ICICI launches Mobile Money Transfer Service 'M-Pesa' in Bihar.
  • Investors pull out over Rs. 48,000 crore from Mutual Fund Schemes in June, 2013.
  • Subrata Roy not liable for refunding Rs. 24,000: Sahara to Supreme Court.
  • Securities Appellate Tribunal quashes SEBI's order against NSDL in IPO Scam.
  • CBEC plans to offer relief to battered Auto Industry.
  • FIPB clears 12 FDI proposals worth Rs. 343 crore; decision on US based Mylan Inc's proposal to acquire Indian Pharma Company on hold.
  • Government plans Incentive Fund for Healthcare with corpus of over Rs. 10,000 crore to provide additional Assistance to State Governments.
  • 48% of all Infra Projects costing over Rs. 150 crore delayed: Government.
  • Pharma Department to meet drugmakers today to sort out pricing problems.
  • Mumbai's mega Infra Projects hit roadblock as most of the Projects are abandoned or derailed.
Source: Economic Times

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