NEWS WRAP - JANUARY 31, 2015

• Kansai Nerolac Paints take Noel Tata of Tata Group and 2 others on board as Independent Directors.

• As per TRAI, maximum billing disputes arise against Vodafone, Idea, Tata & BSNL.

• SpiceJet's 'Super Sale' a huge success; extended further by two days.

• Samsung Electronics to buy Brazil printing solutions firm.

• Board of Adani Group approve de-merger of ports, power, transmission and mining business.

Source: Economic Times

NEWS WRAP - JANUARY 30, 2015

• Corporate Debt Restructuring Cell clears Venus Remedies debt recast proposal.

• E-commerce to be regulated by nine government agencies including RBI, Home Ministry and Finance Ministry.

• French vaccine manufacturer Sanofi to set an insulin production facility in Telangana worth Rs. 460 crore.

• SpiceJet board approves upto $ 243 million share sale plan.

• GlacoSmithKlein's consumer president Emma Walmsley makes a pitch for Swasth Bharat.

• Rico Auto board approves transfer of investment in 3 units.

Source: Economic Times

NEWS WRAP - JANUARY 29, 2015

• Amazon to offer Business E-mail directly competing with Microsoft.

• HDFC bank gets CCEA (Cabinet Committee on Economic Affairs) nod to raise Rs. 10,000 crore.

• Olacabs to buy TaxiForSure for around Rs. 1250 crore to have a competitive advantage.

• S Jaishankar made the new Foreign Secretary replacing Sujatha Singh.

• Infrastructure Finance Company IDFC & IDFC Bank get approval for a scheme of arrangement from RBI.

Source: Economic Times

NEWS WRAP - JANUARY 28, 2015

• Advertising industry watch dog ASCI (Advertising Standards Council of India) upholds complaints against 62 advertising campaigns including that of Bajaj Auto, Snap deal and P&G.

• Rights shares worth Rs. 7500 crore to be issued by Tata Motors.

• Kunal Jeswani is the first CEO at Ogilvy & Mathews India.

• Vishakhapatnam Port Trust outlines a Rs. 3000 crore plan with PPP (Public Private Partnership) model to expand its cargo-holding.

• Auto classified portal - CarDekho launches Rs 307 crore in its fresh round of funding.

• RBI signs MoU with Banco Central do Brasil on information exchange.

• AirAsia India & SpiceJet offer lowered advance fare.

Source: Economic Times

NEWS WRAP - JANUARY 24,2015

• Third Shangri-La Hotel worth Rs 600 crore to be built by Adarsh Group in Bengaluru.

• Uber to pay Rs. 90,000/- monthly as guaranteed incentive to its drivers.

• CBI registers a fresh case against Hindalco under the coal scam investigation.

• Norway's Telenor and Britain's Vodafone to apply for payment banking permits in India.  

• Same day express parcel service launched in Jammu & Kashmir by Department of Posts.

• Jet Airways & Etihad Airways launch discounted fares on account of Republic Day.

Source: Economic Times

NEWS WRAP - JANUARY 23, 2015

• Dreamworks Animation to cut 500 jobs to make 2 movies per year.

• Flipkart to invest $ 10 million in new servers from Dell to revamp its technology.

• UltraTech Cement directs portals to stop selling its brands online with big discounts. 

• Government to offer free wifi with an investment of Rs 7000 crore in 2500 cities and towns over a 3 year period.

• Uber resumes its services in Delhi after a 1.5 month ban.

• US based FDA bans Ipca labs due to violations of standard production practices.

Source: Economic Times

NEWS WRAP - JANUARY 22, 2015

• As a debt reducing measure, Suzlon agrees to sell its German unit for $ 1.16 million in an all-cash deal.

• Government not to auction any additional 3G Spectrum.

• Mobile messaging App WhatsApp now accessable from Web Browser.

• Federal Aviation Authority (FAA) gives nod for upgrading Indian Aviation Industry from category II to category I considering Obama's visit in India.

Source: Economic Times

NEWS WRAP - JANUARY 21, 2015

• Mumbai Airport Authority asks SpiceJet to clear its dues worth Rs. 25 crore along with a bank guarantee of Rs 15 crore.

• Twitter to buy ZipDial in first Indian start-up acquisition.

• A new social savings bank account named JiFi Saver launched by Kotak Mahindra.

• Increasing E-commerce business creates a significant demand for ace delivery boys.

• Government directs Air India to hire 800 cabin-crew members.

• Lafarge India to buy-back its 14% stake from Barings Asia.

Source: Economic Times

NEWS WRAP - JANUARY 20, 2015

• Maharashtra Government waives off stamp duty on affidavit and domicile certificate.

• SEBI imposes a fine of Rs. 11 lakh on 7 companies for non-compliance of investor related matters.

• India & South Africa sign a pact for developing youth enterprise.

• IITs and ONGC to collaborate for Research and Development on Energy.

• TCS is the first IT corporate to have the highest net profit; overtakes RIL.

• GIC & IFC commits to invest Rs. 1600 crore in soon to be launched Bandhan Bank.

Source: Economic Times

NEWS WRAP - JANUARY 19, 2015

• Fields Medalist Manjul Bhargava to lead Prime Minister's teach in India programme.

• Taxi agreegator Olacabs hires background verification firm Authbridge for drivers verification.

• Advertising Club's Effie Awards name Ogilvy & Mather as the agency of the year.

• Xiomi to buy Tencent's stake in software company Kingsoft.

• Indian American Frank Islam presented with prestigious Marthur Luther King Award.

• Top fashion designers including J J Valaya and Rohit Behl to now go online with affordable ready to wear.

• Bajaj Electricals & Cisco to bid jointly for Government's Smart City Initiative.

Source: Economic Times

NEWS WRAP - JANUARY 17, 2015

• Jet Airways not to charge any cancellation or date change fees within 24 hours of booking tickets.

• As a part of Green Initiative, Government allows direct sale of bio-diesel by manufacturers.

• Central Bank now permits banks to undertake insurance broking business.

• India and US agree to collaborate on Digital India initiative.

• World's biggest currencies dealer Citigroup loses more than $150 million on currency swing.

• Delhi International Airport Limited gets a 'BB' rating on Standard & Poor's Ratings services depicting a weaker cash flow adequacy.

Source: Economic Times

NEWS WRAP - JANUARY 16, 2014

• Myntra to sell its in house brands to other online sites.

• Home and Consumer loans to get cheaper on account of RBI rate cut.

• Stay on CCI (Competition Commission of India)  penalty against Maruti Suzuki extended by High Court.

• Shell joins India LNG project with 26% stake.

• Audi tops again in the luxury car list.

• With the exit of Maran Family, Ajay Singh returns to SpiceJet with Rs. 1500 crore deal.

Source: Economic Times

NEWS WRAP - JANUARY 13, 2015

• The first CNG train to launched tomorrow by railway minister Suresh Prabhu  from Rewari to Rohtak .

• Microsoft ties up with Idea cellular to bring operator billing for Windows phone users in India.

• Microsoft, Google tangle over Windows security patch.

• NRI's to get proxy voting rights; Government to launch e-ballots.

• Reliance Communications deal with Vortex to outsouce its call center and share service operations.

• 40 Coal mines put on auction by Government.

Source: Economic Times

NEWS WRAP - JANUARY 12, 2015

• 230 Hotels including Oberoi Group to join PM's Clean India Drive.

• Chennai based SPI cinemas to be acquired by PVR cinemas for Rs. 750-1000 crore.

• China's Alibaba to acquire $550 million stake in India's One97 Communications.

• Insurers can hold only 5% in promoter company as per new Insurance Ordinance.

• Indian online property portals attract Foreign Investors.

• South Korea launches world's second largest carbon market.

Source: Economic Times

NEWS WRAP - JANUARY 10, 2015

• Supreme Court rejection of relief for licence renewal for Airtel,Vodafone to fire up auctions.
• Infosys Chief Compliance Officer Parvatheesam Kanchinadham exits to join Tata Steel.

• ABB India bags Rs. 256 crore contract in Sri Lanka to supply two 220 KV substations.

• Delhiites to be able to pay registration fee in electronic mode from February.

Source: Economic Times

NEWS WRAP - JANUARY 9, 2015

• Goldman Sachs to dump Indian Mutual Fund business for about Rs. 120 crore.
• Hike Messenger acquires Zip Phone to offer Internet calls. 
• 3000 employees at Infosys gifted with I-phone 6 handsets.
• Coca-cola to cut 1,800 jobs globally to reduce costs.
• Carnival Films to buy multiplex business of Network18.
• SAIL (Steel Authority of India) considering to invest Rs. 1.5 lakh crore to increase its production capacity.

Source: Economic Times

NEWS WRAP - JANUARY 8, 2015

• Wipro Ltd. enters into a $ 400 million deal with Zurich based ABB.

• British car manufacturer Bentley to introduce world's most expensive SUV.

• Glenmark Pharma wins a patent suit against US pharma major Abbott Biotechnology.

• CDSL (Central Depository Services Limited) plans an IPO worth Rs. 400 crore.

• Videocon Telecom to invest Rs. 340 crore to expand internet services.

• Pantaloons Fashion to raise Rs. 1000 crore by issuing Non-Convertible Debentures.
  
  

Source : Economic Times

NEWS WRAP - JANUARY 7, 2015

• 130 top performers at HCL rewarded with a paid family trip abroad or a Mercedes.

• A 5 day strike of coal workers leads to production haults over 60% Coal India units.

• Dena Bank to raise Rs. 1000 crore from private placement of Bonds.

• Samsung Electronics launch 4G enabled phone within Rs. 25000.

• An assembly line worth Rs. 150 crore to be added by Mercedes-Benz at Chakan unit to double the production.

• Adani Power's deal to acquire Lanco Infratech's Thermal power plant in Udupi crosses the set deadline.

Source: Economic Times

NEWS WRAP - JANUARY 6, 2015

• ITC Infotech  to become $ 1 billion company by acquiring entities in Europe & North America.

• Air India to hire 800 new candidates after Government Approval.

• Government removes the arbitary Environmental Clearance required as a part of  Make in  India initiative.

•  Rs. 80,000 crore to be raised by Government from auction of airwaves from 2G & 3G  mobile services.

• Arvind Panagariya is the new vice chairman of NITI Aayog.

• SEBI to bar willful defaulters from Bond Market.

• ING Vysya Bank employees on strike tommorrow over merger concerns with Kotak Bank. 

Source: Economic Times

NEWS WRAP - JANUARY 5, 2015

• PM announces 100 smart cities along with Industrial corridors to turn India into a Global Manufacturing Hub.

• DoCoMo files request to sell $ 1 billion Tata telestake.

• Flipkart soon to deliver packages in selected cities within 3 hours.

• SEBI to take regulatory measures to avoid black money channeling under GDR route.

• E- Commerce firms like Flipkart and SnapDeal to fund Tech-Companies.

• Liability worth Rs. 700 crore arises to SpiceJet on account of advance bookings and dues towards the Airport Authorities.

Source: Economic Times

NEWS WRAP - JANUARY 3, 2015

• Micromax soon to call an IPO of Rs. 3100 crore.

• R K Srivastava is the new chairman of Airports Authority of India.

• 12 million homes to be provided with Internet in Andhra Pradesh.

• Tata Capital and Motilal Oswal Private Equity team up to acquire 60% stake in Hyderabad based  Creamline dairy products.

•  Chennai based Gyan Data develops new meters for Auto Rickshaw with tracking and data communication capabilities.

• Solar Panel market of India highly distracted by low cost and quality Chinese Solar Panels.

Source: Economic Times

NEWS WRAP - JANUARY 2, 2015

• Excise Duty on petrol, diesel hike by Rs 2/liter, to generate funds for building roads; no change in retail price.

• Top Private Equities including Apax Partners & Tamasek eye a deal in Metropolis Healthcare with Warburg Pincus considering to exit.

• Amazon considering to offer music, movie and video streaming services in India.

• Competition Commission of India approves IBM-Globalfoundries deal.

• Prime Minister to head Planning Commission; now NITI ( National Institution for Transforming India) Aayog.

• Airports Authority of India (AAI) warns GoAir against rising dues of Rs. 42 crore.

• A co-branded credit card to be launched by LIC International in collaboration with UAE's first gulf bank.

Source-Economic Times