Saturday, 28 February 2015

NEWS WRAP - FEBRUARY 28, 2015

  • CCI (Competition Commission of India) says no overlaps in SpiceJet - Ajay Singh deal.
  • Bhushan Steel Ltd enters into sale & lease back agreements of its oxygen plants in Odisha.
  • Tata Motors announces voluntary retirement scheme for its workers.
  • SEBI cancels Sahara AMC (Asset Management Company) registration as portfolio manager.
  • 800 KV  HVDC (High Voltage Direct Current) plant in Vadodara to aid power-starved states, says Gujarat CM Anandiben Patel.
  • IRCTC ties up with Amazon for online shopping.
Source: Economic Times

Friday, 27 February 2015

NEWS WRAP - FEBRUARY 27, 2015

  • Standard Chartered reshuffles its board; CEO Peter Sands and Asia head Jaspal Bindra among the executives quitting.
  • WHO lauds India for its anti-smoking mechanisms.
  • SEBI imposes Rs 86 crore penalty on DLF on account of failure in necessary disclosures in its IPO (Initial Public Offer) in 2008.
  • Sudhir Valia, executive director of Sun Pharma plans to offer loans to strapped companies.
  • Thai firm Onyx Hospitality enters into JV with hotel asset management firm Kingsbridge for setting 7 hotels in India.
Source: Economic Times

Thursday, 26 February 2015

NEWS WRAP - FEBRUARY 26, 2015

  • SpiceJet receives Rs. 500 crore funding from new owner Ajay Singh as part of Rs. 1500 crore revival plan.
  • Panel gives nod to Tata Motors, Mahindra & Mahindra's defence manufacturing proposals.
  • Flipkart, Snapdeal, Myntra and others in talks with IPL team franchises for sponsorship opportunities.
  • Bharti Airtel to raise $ 415 million through sale of shares of Bharti Infratel.
  • BSNL invests Rs. 11000 crore to improve services: Telecom Minister Ravi Shankar Prasad
Source: Economic Times

Wednesday, 25 February 2015

NEWS WRAP - FEBRUARY 25, 2015

  • Creador Advisors buy 3.4% stake in P C Jewellers for Rs. 143 crore.
  • Spouses of H-1B visa holders to get work permit in US.
  • Snapdeal's Chief Technology Officer Amitabh Misra quits, plans to start his own venture.
  • Supreme Court allows RBI to act against Sahara Group.
  • K Inoue succeeds Hironori Kanayama operations to head Honda Cars India oprations
Source: Economic Times

Tuesday, 24 February 2015

NEWS WRAP - FEBRUARY 24, 2015

  • Hitachi to buy Italy's Finmeccanica for over $ 2 billion.
  • Mitsubishi acquires 34% stake in Indo Nissin Foods,the maker of Top Ramen noodles.
  • HSBC Bank gets Income Tax notice; fears effect on its profitability.
  • TRAI (Telecom Regulatory Authority of India) slashes 30% amount for inter-network calls.
  • World Bank tells government not to interfere in power sector working.
Source: Economic Times

Monday, 23 February 2015

NEWS WRAP - FEBRUARY 23, 2015

  • iBall beats Samsung in the Indian Tablet Market.
  • Future Group's Future Consumer Enterprise fully acquires Aadhar Wholesale.
  • Hero Motor Company's Chief Executive Takanobu lto to step down; will be succeeded by Takahiro Hachigo.
  • Private power utility Tata Power signs pact with Siberian Coal Energy Company.
Source: Economic Times

Saturday, 21 February 2015

NEWS WRAP - FEBRUARY 21, 2015

  • Kotak Mahindra-ING Vyasa Rs. 15000 crore merger deal gets CCI (Competition Commission of India) nod.
  • Central Bank to raise capital of Rs. 1617 crore by issuing equity to Government on preferential basis.
  • Public Sector Unit (PSU) bank unions threaten 4-day nationwide strike from February 25 for wage-related demands.
  • Indian-American Dhanurjay 'DJ' Patil named first US chief data scientist.
  • PM Narendra Modi's pinstripe suit auctioned for Rs. 4.31 crore.
Source: Economic Times

Friday, 20 February 2015

NEWS WRAP - FEBRUARY 20, 2015

  • Nandan Nilekani, Rakesh Jhunhunwala jointly invest Rs 100 crore in an entity that owns Cafe  Coffee Day.
  • Power Grid Corporation bids for two transmission lines worth Rs. 6000 crore.
  • YouTube to release Android app for kid friendly viewing on February 23, 2015.
  • Demerger plan of Crompton Greaves consumer products business gets board's approval.
  • Hero MotorCorp promoter Hero Group further divests shares worth Rs. 945 crore.
Source: Economic Times

Thursday, 19 February 2015

NEWS WRAP - FEBRUARY 19, 2015

  • Employees' Provident Fund Organization (EPFO) launches drive to help activate over 8 crore inoperative accounts.
  • Snapdeal buys fashion portal Exclusively.com, expands in luxury segment.
  • YouTube to launch paid music service YouTube Music Key in a few months.
  • High Net worth Individuals (HNIs) get notices from taxman to pay advance tax before March 15.
  • Multi-city accelerator GSF partners with Cisco to speed up cloud and Internet-of-Things (IoT) startups.
Source: Economic Times

Wednesday, 18 February 2015

NEWS WRAP - FEBRUARY 18, 2015

  • Reliance Jio beats Bharti Airtel, Vodafone and Idea Cellular in Earnest Money Deposit for Spectrum Auction; puts in the maximum amount of Rs. 4500 crore.
  • Supreme Court moots separate Prasar Bharati channel for live telecasting of World Cup.
  • Maharukh Adajania named Director in the Equity Research team of IDFC Securities.
  • World Cup 2015: Dinner with Sachin Tendulkar in Sydney Restaurant priced at 1500 to 3000 Australian Dollars.
  • Blackberry sues Ryan Seacrest's keyboard startup typo again.
Source: Economic Times

Tuesday, 17 February 2015

NEWS WRAP - FEBRUARY 17, 2015

  • India born Punit Renjen to be Deloitte Global CEO.
  • Indian Oil Corporation to invest Rs. 7812 crore for expansion.
  • Madhuri Dixit & Salman Khan roped for Global Endorsements by Pune based P N Gadgil Jewellers.
  • Delhi Metro to go paperless.
  • Government to infuse Rs. 870 crore in Punjab National Bank.
  • Lance Armstrong loses $ 10 million in arbitration ruling.
Source: Economic Times

Monday, 16 February 2015

NEWS WRAP - FEBRUARY 16, 2015

  • Directorate of Revenue Intelligence (DRI) issues show cause notices to Canon, Nikon, Sony alleging tax evasion.
  • Tatas face objection over registration of 'Vistara' trademark.  
  • Infosys buys automation tech company Panaya valued at $ 200 million.
  • Zee group firm Ten Sports bags the broadcast rights for the world championship of motorcycle racing 'MotoGP' in 5 years. 
Source: Economic Times

Saturday, 14 February 2015

NEWS WRAP - FEBRUARY 14, 2015

  • Sun Pharma founder Dilip Sanghvi to invest $ 290 million in turbine maker Suzlon.
  • Uber launches chopper service for couples on Valentine's day.
  • Snapdeal looks to raise Rs. 2500 crore at a valuation of $ 5 billion.
  • Johnson & Johnson's 'Savlon' & 'Shower to Shower' brands acquired by ITC.
  • Cipla awarded $ 188.95 million tender by GlobalFund for ARV drugs to treat HIV/AIDS.
  • Radio Mirchi to buy Oye FM from TvToday Network.
Source: Economic Times

Friday, 13 February 2015

NEWS WRAP - FEBRUARY 13, 2015

  • Ashok Goel, promoter of ItzCash commits Rs. 100 crore investment for payment bank forays.
  • Big Pharma grouping urges US to ask to India to change its IPR (Intellectual Property Rights) policies.
  • 100-mw wind power project awarded to Gamesa in MP by CLP India.
  • ICICI bank ties up with UAE to offer an instant money transfer.
  • Aditya Birla Group set to launch online fashion retail venture.
Source: Economic Times

Thursday, 12 February 2015

NEWS WRAP - FEBRUARY 12, 2015

  • Anil Ambani led Reliance Group forays into defence manufacturing sector.
  • Mahindra & Mahindra to acquire  Pipavav Defence in Rs. 3000 crore deal.
  • SpiceJet announces 'Flash Sale', tickets starting from Rs. 599 for domestic flights & Rs. 3499 for international flights. 
  • Zomato invests Rs. 300 crore in online food business.
  • Volkswagen closes two India sales offices to cut costs.
  • E-tailers turn sponsors: Amazon to sponsor India Fashion Week.
  • Infosys makes its first start up investment , puts $15 million in Dreamworks spin-off.
Source: Economic Times

Wednesday, 11 February 2015

NEWS WRAP - FEBRUARY 11, 2015

  • Bookmyshow buys majority stake in Banglore based start-up Eventifier for $ 2 billion.
  • Supreme Court allows Doordarshan to show India-Pakistan World Cup match; stays Delhi High Court order.
  • Star India's wholly owned subsidiary Novi Digital Entertainment bags media rights for next three IPL seasons. 
  • Adani  Reality in partnership with US' Brahma Management to build a 150-acre township in Gurgaon.
  • Punjab National Bank, Oriental Bank of Commerce raise Rs. 1500 crore to meet Basel III norms on capital adequacy.
  • MakeMyTrip's Amit Somani joins AngelPrime,a seed stage venture capital fund.
Source: Economic Times

Tuesday, 10 February 2015

NEWS WRAP - JANUARY 10, 2015

  • Government starts the sale process of  helicopter operator Pawan Hans; hires SBI Caps as its advisor.
  • Star India seeks Rs. 25 lakhs for a 10 second ad-slot during India-Pakistan ICC World Cup tie.
  • With FDI (Foreign Direct Investment) in Railway, Canada's transportation giant Bombardier eyes key projects worth $7-8 billion in India.
  • Amazon to start its own fashion labels to compete with rivals including Myntra & Jabong.
  • Facebook to launch free mobile net app for Reliance Communication users.
  • Government moves to Supreme Court for World Cup 2015 telecast rights for DD. 
Source: Economic Times

Monday, 9 February 2015

NEWS WRAP - FEBRUARY 9, 2015

  • Inox Wind bags 116 mw contract from Green Infra.
  • Damyant Singh appointed as the new Brand Director in Addidas India.
  • Jet Airways takes on Vistara offering more free miles on similar routes.
  • Ashiana Housing launches Rs. 200 crore via QIP to fund new projects.
  • Ravi Jaipuria's RJ Corp to acquire health startup iClinic to merge it with Diagno Labs. 
Source: Economic Times

Saturday, 7 February 2015

NEWS WRAP - FEBRUARY 7, 2015

  • Uber cabs to introduce new 'panic button' safety feature in India.
  • Aditya Birla Group sues Indian Express for Rs. 1000 crore alleging serious reputation damage.
  • Sumit D. Chowdhury exits as Reliance Jio Infocomm president.
  • SBI to partner with RIL to apply for payments bank license.
  • Jet Airways to clear Rs. 120 crore pilot salary arrears.
  • Companies set to back 20,000 megawatts of solar energy as a part of Government's Clean Energy Initiative. 
Source: Economic Times 

Friday, 6 February 2015

NEWS WRAP- FEBRUARY 6, 2015

  • Britannia to enter into new non- biscuit businesses; CEO Varun Berry to finalise the plan.
  • iGate's chief accounting officer Prasanth Idgunji quits.
  • Stringent penalties including imprisonment up to 10 years in the Companies Act, 2013 leads Statutory Auditors to ask companies to keep their records up to date. 
  • Alibaba enters India's e-commerce space with 25% stake in Paytm owner One97.
  • US President Barack Obama appoints Indian CEO Ajay Banga to a key managerial position.
  • Online mobile recharge platform Freecharge raises $ 80 million from Valiant Capital, Tybourne Capital and Sequoia.
Source: Economic Times

Thursday, 5 February 2015

NEWS WRAP - FEBRUARY 5, 2015

  • Twitter & Google strike a deal to show tweets in Search Results.
  • Manoj Kohli resigns from Board of  Bharti Airtel. 
  • Big Brand Houses including Shoppers Stop, Lifestyle International & Spencer's planning to sell their products on E-commerce sites like Amazon & Flipkart.
  • Indian Jewellery store Kalyan launches its first Goldback card in UAE.
  • Mahindra Group completes the acquisition of Accel Partners & Tiger Global backed BabyOye.
Source: Economic Times

Wednesday, 4 February 2015

NEWS WRAP - FEBRUARY 4, 2015

  • Now, no Certificate of Commencement required for private companies to commence business.
  • Petrol price cut by Rs. 2.42 per litre; Diesel by Rs. 2.25 per litre.
  • Electronic majors including Sony & Panasonic lift ban on online sale of their products with huge discounts.
  • Tata Group - AirAsia Joint Venture plan to launch red eye flights shall operate during midnight & early morning to bring down the air fares.
  • Micromax leads the mobile market in India beating Samsung.
  • Ex-Ford India MD Arvind Mathew replaces Chetan Maini as Reva's CEO.
Source: Economic Times

Tuesday, 3 February 2015

NEWS WRAP - FEBRUARY 3, 2015

  • Top executives from Google, Facebook, Twitter & Salesforce to be hired by Snapdeal.
  • Haldiram's leads Indian snack market with a revenue of Rs. 3,500 crore; beats the combined sales of McDonald's and Domino's.
  • HDFC Bank to raise Rs. 10,000 crore through a combined approach of Qualified Institutional Placements (QIPs) & American Depository Receipts (ADRs).
  • As a part of Jan Aushadhi Initiative low cost generic government drugs to be available from July 1.
  • Reliance Industries, Aditya Birla Group, Bharti Airtel & others seek RBI license to set up payment banks.
Source: Economic Times

Monday, 2 February 2015

NEWS WRAP - FEBRUARY 2, 2015

  • MRPL (Mangalore Refinery and Petrochemicals Limited) buys Iraqi Basra oil to replace Iran oil.
  • Ashok K. Agrawal is the new General Manager of  Southern Railways.
  • Baby care products e-tailer raises $ 26 million funding from Valiant Capital.
  • Adani Power aims for all 6 coal mines reserved for power sector.
  • Healthcare entities including Manipal Hospitals & Narayana health go together to accelerate Health Tech start ups in India.
  • US based firm Rentrack to guide Indian filmmakers about accurate movie ticket sales.
  • CCI directs Price Waterhouse & Co. to monitor the divestment process of Sun-Ranbaxy drug brands.
Source: Economic Times