Wednesday, 28 August 2013

NEWS WRAP - AUGUST 28, 2013

  • Sensex crosses 590 points as Rupee hits 68-mark vs Dollar to a life-time low.
  • Financial Technologies, promoter of NSEL extends Rs. 177.4 crore loan to help NSEL avert default in second payout.
  • Luxury brands like Hermes, Gucci & others to take on faster growing fakes in India; Hermes got an injunction order from Delhi High Court to stop Da Milano from selling hand bags identical in shape & design.
  • Former Promoters of Zandu Pharmaceuticals, 'the Parekhs' to invest Rs. 150 crore in Gujarat Nutraceuticals Plant.
  • Realty Bites: Brand owners tie up with malls to escape high rentals in Mumbai, New Delhi.
  • Country's third largest Back Office Provider Aegis eyes 3 targets worth up to Rs. 225 crore.
  • Novartis' subsidiary Chiron snaps its 8 year old Vaccine JV with Delhi based Panacea Biotech.
  • Maruti's Gujarat plant delayed due to slump sales.
  • SAT quashes SEBI's ban against HB Stockholdings, Alaknanda Capital Services and Hari Sai Investments for an unnatural delay in proceedings.
  • SEBI allows 73 entities to set up Alternative Investment Funds (AIFs) for Real Estate, Private Equity and Hedge Funds.
  • Dubai Index worst hit among world Stocks on possibility of US strike on Syria.
  • FIPB clears US Pharma major Mylan Inc's Rs. 5,168 crore FDI proposal to acquire Agila Specialities Pvt Ltd.
  • Government clears 36 stalled Infra Projects worth Rs. 1.83 lakh crore; Reliance Power's Sasan Project and L&T's Metro Rail Project among cleared.
  • Shangri-La Hotels, Phoenix Mills end Management Contract in Mumbai.
Source: Economic Times

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