Friday, 2 August 2013

NEWS WRAP - AUGUST 2, 2013

  • Payment crisis at National Spot Exchange: Bourse halts trade as Rs. 5500 crore trading positions outstanding.
  • GOAL, Avarsala and Godrej & Boyce developing parts worth Rs. 700 crore for world's largest telescope.
  • L&T explores Business trust model for its Infrastructure development arm IDPL's road Portfolio; to raise Rs. 2500 crore.
  • Amrit Kaur: Aged 80, India's newest billionaire, won father's wealth worth Rs. 2000 crore.
  • Gold Import Curbs causes Investors switch trading to Silver.
  • Airtel ropes in Bharti Walmart's suspended CFO, Pankaj Madan.
  • Sintex Industires scrip down 92%, Torrent Power, Adani Power, GMDC touch multi year low.
  • Crocs sees big opportunity in India, to bring in more of its 350 odd designs from Global Portfolio.
  • Louis Vuitton, Hermes, Gucci top three global luxury brands 2013.
  • Fiat meets creative Agencies for brand Jeep; plans to launch its SUVs Grand Cherokee and Wrangler in India by the year end.
  • Coke Officials to travel Economy Class; a Cost cutting drive of Beverage Maker.
  • Fashion retailer Henes & Mauritz launched e-commerce operation in U.S. for e-shoppers.
  • SEBI begins probe into FTIL, MCX stock crash for violations in Insider and Fraudulent Trading norms.
  • Ryanair's cheap tricks: Passengers may have to pay for cabin baggage.
  • Lucrative real-estate Projects to replace petrol pumps in Big Cities.
  • Mumbai's Sewri TB Hospital, Asia's largest of its kind, runs out of Drug resistant Medicine.
Source: Economic Times

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