Friday, 9 August 2013

NEWS WRAP - AUGUST 08, 2013

  • Home and Car Loans to cost more as PSU Banks hike Lending Rates.
  • After steady decline in Market Share, Hero Motocorp aims at getting back 50% Market Share by introducing slew of new products.
  • Cadbury to invest over Rs. 1,000 crore in its Andhra Pradesh plant; to be largest plant in Asia-Pacific.
  • NSEL Chief - Shankarlal Guru's Son-in-law among top defaulters, owes Rs. 929.9 crore.
  • Rohini Nilekani who sold Infosys Shares worth Rs. 164 crore to chart a new course in Philanthropy.
  • Karnataka Wakf Board asks ITC Windsor to vacate the Property within 45 days.
  • Reliance Industries Ltd. to go slow on 720,000-sq-ft Alaknanda Mall in South Delhi following strong protests.
  • PE Funds including Tata Capital's PE and Morgan Stanley Global Private Equity to invest Rs. 350 crore in MFL Janlakshmi Financial Services.
  • Amul to spread Bakery Business; new plant for cookies on menu.
  • Star Sports ropes in Mahendra Singh Dhoni as Brand Ambassador to endorse Football.
  • RBI imposes Rs. 5.6 lakh fine on SBI for violation of Currency chest Norms.
  • East Africa's Largest Airport 'Nairobi Airport' hit by huge fire.
  • Coal India Limited workers to strike work from September 19, 2013.
Source: Economic Times

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