Tuesday, 13 August 2013

NEWS WRAP - AUGUST 12, 2013

  • Government may relax FDI Norms for Real Estate Sector to boost fund flows.
  • Labour Unrest continues to bother Gujarat Industry; since 2 years, Arvind, RIL, Ashima, Syntex, Hitachi and Apollo Tyres have been paralysed by Labour strikes.
  • FIIs raises stake in Gujarat - headquartered mid-cap companies; Atul, Hitachi, Symphony, Zydus on Foreign Funds radar.
  • Sun Pharmaceutical Industries to pay Rs. 2517 crore to settle Patent Suit as a part of settlement agreement with Pfizer and Takeda GmbH.
  • Drug Companies urge Prime Minister's Office to intervene the 'New Drug Pricing Enforcement', they feel new prices of drugs are below than envisaged.
  • Exodus from ArcelorMittal India; 20 top executives and CEO Sanak Mishra quit job.
  • SBI appoints Arundhati Bhattacharya as new CFO, elevates 7 CGMs and DMDs.
Source: Economic Times

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