Thursday, 22 August 2013

NEWS WRAP AUGUST 22, 2013

  • Direct Taxes Code: Super rich individuals with over Rs. 10 crore income may have to pay 35% tax.
  • Kumar Mangalam Birla to raise Hindalco stake to 37% for Rs. 2,165 crore.
  • SUBWAY targets Europe with 1000 new outlets in 2014.
  • IPad's China market share plunges as Domestic Tablet makers gain.
  • IIFC to raise Rs. 2400 crore in Tax-free Bonds to meet immediate lending commitments.
  • Manpasand Beverages in final talks with IDFC Alternatives to sell 10% stake to raise Rs. 150 crore for expanding its Product Portfolio.
  • Zydus Cadila gets USDFA nod to market anti-ulcer capsules.
  • Maruti Suzuki looks to beat slowdown, launches Stingray Compact Car priced between Rs. 4.10-4.67 lakhs.
  • High Court rejects Colgate's Petition against HUL's Pepsodent advertisement.
Source: Economic Times

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