Friday, 16 August 2013

NEWS WRAP AUGUST 16, 2013

  • Walmart Stores unlikely to convert $100 million loan it extended to its Indian Retail Arm - Bharti Retail into Equity; pulls out a key executive from India, shifts priorities from Indian Market.
  • Kingfisher Airlines lenders stumped as value of pledged properties crashes.
  • Telecom Companies seek to increase mobile call rates by 10 paise/minute.
  • Kingfisher Airlines' own Auditors raise Red-flag on its revival plans.
  • Iconic Buildings of Lutyens Delhi, including Parliament and Rashtrapati Bhawan, to get a makeover.
  • Swiss Drug major Roche to drop anti-cancer drug Herceptin Patent in India.
  • Toyota, Suzuki halt Egypt production amid unrest.
  • Gold Futures regain Rs. 30,000 level on Global cues.
  • Reliance Industries to explore investment opportunities in Iraqi Oil Fields.
  • DLF plans to outsource accounting work to Genpact.
Source : Economic Times

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