Wednesday, 14 August 2013

NEWS WRAP AUGUST 13, 2013

  • Gold, Silver, Non-Essential Imports to cost more, measures to fetch additional $11 billion and to check Rupee's  fall and Current Account Deficit.
  • Swedish Furniture major IKEA to set up Single Brand Retail Stores in 4 states - Haryana, Karnataka, Andhra Pradesh and Maharashtra.
  • ICICI opens 23 Rural branches in Gujarat.
  • Cadila Scrip bucks trend, declines 40% in one year.
  • Toyota to launch 'Camry Hybrid' in India.
  • Cookie Man's SBP Pattabhi Rama Rao plans national chain of Idli & Dosa Restaurants.
  • American Express links a Debit Card to an Online Video Game.
  • Travel Food Services (TFS) wins bid to manage lounge operations at Terminal 2 of Mumbai Airport.
  • India initiated 159 anti-dumping cases against China.
  • VLCC buys 80% in Singapore-based cosmetics maker 'GVig' for Rs. 180 crore.
  • Idea Cellular becomes Aditya Birla Group's most valuable biz; overtakes its flagship commodity businesses.
  • ICICI Bank to sell Mumbai's Prabhadevi property for Rs.100 crore to offer its Executives compensation for rent instead of accomodation in their Anual Package.
  • India to lease bandwitdth from Bangladesh to reduce BSNL's dependence on Tata Communications.
Source: Economic Times

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