Tuesday, 20 August 2013

NEWS WRAP - AUGUST 19, 2013

  • Government clears big-ticket investment stalled Infra Projects worth Rs. 1 lakh crore from Power and Petroleum to Highways and Railways.
  • AirAsia India gets pilots & crew on board; likely to launch in November, 2013.
  • Zydus to start Rs.100 crore facility in Vadodara by 2015; plans to expand its hospital business across Gujarat.
  • Tata Starbucks builds war chest for expansion, to increase its Authorised Capital by creating additional capital of 150 million Equity Shares of Rs.10 each; to open 100 cafes across the country.
  • RJ Corp's arm - Varun Beverages in talks with PE Funds to raise Rs. 300 crore by selling minority stake in the company.
  • Samsung looking to release Android based Wrist Watch next month.
  • Singapore based Temasek disappointed after CCI slaps Rs. 50 lakh fine, to take steps after studying the order.
Source: Economic Times

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