Wednesday, 21 August 2013

NEWS WRAP AUGUST 21, 2013

  • RBI takes steps to ease liquidity; cuts SLR, also to buy Rs. 8000 crore bonds.
  • Prices of Imported and Premium products may rise; Consumer Goods from Apparel to Oil to Electronics & Mobiles to cost more.
  • Gas producers Reliance Industries, ONGC, Cairn, Oil India earnings to get a boost as Rupee tumbles as they sell the fuel in Dollars.
  • Top deck leads exodus at KPMG Forensic Audit Devision, five of six partners at the unit quit including Head of Risk Consulting Group 'Sanwalka'.
  • Top marketers such as HUL, Nestle, Coca-Cola and Dabur subscribe to animated VJs to promote their products.
  • PepsiCo looks to bid for Balaji Wafers.
  • Nissan unveils redesigned 'Terrano' SUV in Rs. 8.3-12.9 lakhs price range.
  • Apollo's $2.5 billion Cooper acquisition deal faces unexpected opposition from 5000 Chinese striking Workers in Shandong Province.
  • SRF closes manufacturing operations in Dubai due to ownturn in European market.
  • To check losses caused by technical glitches, SEBI makes testing, audit of software tools must for Brokers.
  • Indirect Tax Collections grow by 2.9% in April-July 2013, due to decline in Excise duty, slump in manufacturing activity.
  • Unlisted Companies may soon debut on Foreign Exchanges.
  • Thai-India Trade likely to double to $16 billion by 2015.
Source: Economic Times

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