Thursday, 29 August 2013

NEWS WRAP - AUGUST 29, 2013

  • Ashok Vemuri, Infosys Board Member and Head of American operations, resigns; to join iGate as CEO.
  • Land Acquisition Bill set to be moved in Lok Sabha today.
  • Patni Brothers - Arihant and Amit through their venture Hive Technologies to set up Data Analytic startups in India; to be modelled on a similar US based initiative.
  • Aircel ties up Rs. 8000 crore loans to refinance existing debt.
  • India's first UK-listed Feeder Fund likely to raise $ 2-3 billion by September, to be ploughed into Infrastructure Debt Funds (IDFs).
  • Amidst falling Rupee against Dollar, Wipro, Tech Mahindra and HCL Tech earn highest returns.
  • ECIL website hacked, documents involving ISRO, BARC and Tata Servers leaked online.
  • With Agrochemical Patents expiring in 2020, Global Agrochemical companies eye India deals.
  • SIDBI, Franchise India join hands for Franchisee Business Loan.
  • Indian Overseas Bank seeks Rs. 2100 crore from Government to enhance capital base.
  • Tata International ties up with Mumbai based Baron Leather to produce upholstery products.
  • US Court to limit Apple Antitrust penalty to e-books.
Source: Economic Times

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