Saturday, 10 August 2013

NEWS WRAP - AUGUST 09, 2013

  • Sahara Group to launch clubs with Membership Fees upto Rs. 1.5-30 crore; planning to launch chain of clubs in India as well as Overseas.
  • Gujarat biggest home to vanishing Companies: Sachin Pilot.
  • Falling Rupee to hit Electronic Goods, Panasonic India to hike prices if Rupee goes down further.
  • Apple seeks New Samsung Device sales ban in U.S. with Court Appeal for violation of Patents of Iphone's look and features.
  • RBI to transfer Rs. 33,000 crore in Surplus Profit to Government.
  • Imprudent decisions by 4 PSU Insurers caused Rs. 122 crore loss: CAG.
  • NSEL crisis: Birla, Tata AMCs sell MCX Shares.
  • Pay up, FM warns Service Tax defaulters, non-payment of collected Service Tax in excess of Rs. 50 lakhs is now considered as a non-bailable offence and attracts imprisonment upto 7 years.
  • Excise based on manufacturing cost of cars instead of discounted sale price to apply prospectively.
  • Government to revive 44 Central Public Sector Enterprises (CPSE) with an aid of Rs. 28,333 crores.
Source: Economic Times

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