Friday, 23 August 2013

NEWS WRAP AUGUST 23, 2013

  • Bharti Airtel in advanced talks to sell off its Sri Lankan operations to Abu Dhabi's Etisalat.
  • FMC demands details as Cheques of Rs. 550 crores deposited by borrowers on NSEL bounces.
  • Canada based Manulife Financial Services in advanced talks with Exide Industries to acquire 26% stake in ING Life.
  • Kishore Biyani owned Future Ventures in talks to sell its 22.86% stake of AND Designs to General Atlantic for Rs. 150-200 crore.
  • Bajaj Corp acquires 'Nomarks' Brand from Ozone Ayurvedics for Rs. 150 crore.
  • Coca-Cola to invest $ 5 billion in India by 2020.
  • Number of defunct companies rose by nearly 34% to 2.35 lakh in 2012.
  • Country's largest Hydro Power producer, NHPC to buy back shares worth Rs. 1600 crore.
  • SEBI revokes restrictions imposed on Ras Resorts and Apart Hotels.
  • Post NSEL fiasco, depositories NSDL and CDSL ask MCX Traders to convert their DEMAT holdings into Delivery.
  • RBI to auction 1.44% Inflation Indexed Bonds maturing in 2023 for Rs. 1000 crore on August 26, 2013.
Source: Economic Times

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