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

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