Tuesday, 31 March 2015

NEWS WRAP - MARCH 31, 2015

  • Tiger Global Management sells 3.4% stake in classifieds website Justdial for Rs. 300 crore.
  • Videocon d2h extends its association with Mumbai Indians for one more season of IPL (Indian Premier League).
  • Oricon buys 70% of Oriental Containers for Rs. 105 crore.
  • Pidilite to invest about Rs. 100 crore in Nina Waterproofing.
  • Ashok Leyland sells its entire holding in Czech arm for $10.96 million.
Source: Economic Times

Monday, 30 March 2015

NEWS WRAP - MARCH 30, 2014

  • Coca-cola to buy 10% equity stake in Mahesh Bhupati promoted International Premier Tennis League.
  • Suit filed against Vijaypat Singhania, owner of Raymond Group questioning a family settlement of 1998 by four of his grand children.
  • Textile maker Arvind Lifestyle Brand Ltd. to pay $ 3.2 million to US based Ralph Lauren to settle a lawsuit.
  • Huawei secures a 3 year worth Rs. 93 crore deal from Tata Teleservices to upgrade wireline network.
  • Government approves IndiGo Airlines' plan to increase it fleet size by 400 planes by 2025.
Source: Economic Times

Saturday, 28 March 2015

NEWS WRAP - MARCH 28, 2015

  • HDFC Standard Life to raise Rs. 2400 crore by selling 10% stake to public through an IPO.
  • PepsiCo launches 7UP Revive Brand in India.
  • Shobana Kamineni appointed as an Independent & Non-Executive director in the board of Hero MotorCorp.
  • Cummins to hire 500 engineers for global Research & Development centre in Pune.
Source: Economic Times

Friday, 27 March 2015

NEWS WRAP - MARCH 27, 2015

  • Indiabulls Housing Finance raises $150 million from Qatar National Bank Group under External Commercial Borrowings (ECBs).
  • Amazon launches kirana stores calling it Kirana Now in partnership with mom-and-pop stores.
  • Apple's Chief Executive Tim Cook to donate his estimated $785 million fortune to charity.
  • Retro tax law not applicable on dividends by foreign firms.
  • Barack Obama nominates Indian-American as the next US ambassador to Sri Lanka and Maldives.
Source: Economic Times

Wednesday, 25 March 2015

NEWS WRAP - MARCH 25, 2015

  • Balasubramanian Ganesh, a former Wipro executive joins HSBC as deputy global chief information officer.
  • DGCA (Director General of Civil Aviation) gives flying permit to Banglore based Air Pegasus.
  • Venture Capital Fund Accel Partners raise a new fund worth Rs. 1,890 crore.
  • IRCTC launches RuPay prepaid debit card service.
  • NBFC (Non Banking Financial Company) Capital First raises Rs. 300 crore through Qualified Institutional Placement.  
Source: Economic Times

Tuesday, 24 March 2015

NEWS WRAP - MARCH 24, 2015

  • Singapore-based Parkway Hospitals acquire 51% stake in Hyderabad's Continental Hospitals for Rs. 282 crore.
  • Amazon sets up its own logistics company in India for better delivery services. 
  • SpiceJet reaches an out of the court settlement with an Irish lessor.
  • Syndicate Bank raises Rs. 400 crore by issuing bonds.
  • Andhra Pradesh allots 592 acres land for Hero Motor Corp's new plant.
Source: Economic Times

Monday, 23 March 2015

NEWS WRAP - MARCH 23, 2015

  • Uber signs strategic deal with Times Internet for India expansion.
  • Amazon launches designer clothing store to take haute couture to streets.
  • Quikr in talks with MobiKwik, Paytm for in-site payment options on its platform.
  • Sun-Ranbaxy $4 billion deal: US anti-trust regulator FTC passes final order.
  • Rajan Kolhi to head Wipro's digital business Wipro Digital.
  • Fabindia plans to sell organic produce online.
Source: Economic Times

Saturday, 21 March 2015

NEWS WRAP - MARCH 21, 2015

  • Swati Mohan appointed as the new business head for Fox International Channels (India).
  • Indian Railways' Innovation Council 'Kaya Kalp' to be headed by Ratan Tata.
  • PM Narendra Modi appointed as the new Chancellor of Vishwa Bhartiya University.
  • Mahindra Group's First Choice Wheels raises Rs. 94 crore from Valiant Capital.
  • Ravi Shastri enters the board of board of India Resources.
Source: Economic Times

Thursday, 19 March 2015

NEWS WRAP - MARCH 19, 2015

  • National Green Tribunal announces Rs. 5000 fine for littering on railway property.
  • ICICI Bank exits Russia; sells subsidiary IBEL to Sovcombank.
  • IPL-8 gives Cricket World Cup a run for its advertising money; spots selling for Rs. 4.75-5 lakh.
  • Meru Cabs in talks with Valiant Capital and Falcon Edge Capital to raise Rs. 627 crore.
Source: Economic Times

Wednesday, 18 March 2015

NEWS WRAP - MARCH 18, 2015

  • Unilever's Tresemme overtakes P&G's Pantene in the shampoo market.
  • Rs. 200 crore invested in Parksons Packing by Kedaara Capital.
  • Confederation of India Industry (CII) entered into an agreement with Global technology firms  Hiatachi and Siemens for Smart City initiative.
  • Microsoft allows free updates to Windows 10 including non-genuine users to tackle piracy issues. 
  • Aamir Khan roped as the new brand ambassador for Snap Deal.

Source: Economic Times

Tuesday, 17 March 2015

NEWS WRAP - MARCH 17, 2015

  • Shareholders of Indian Hotels approve Rs. 18.4 crore pay for MD Rakesh Sarna.
  • Tata Motors to supply 4000 buses under national urban renewal mission.
  • US-based Mirach Capital to file $ 400 million defamation suit against Sahara group.
  • Supreme court permits Reliance Group to charge higher fares for Mumbai Metro.
  • IndiaGo Airlines to launch 16 new flights on domestic routes.
Source: Economic Times

Monday, 16 March 2015

NEWS WRAP - MARCH 16, 2015

  • Abid Ali Neemuchwala appointed as the new group president & Chief Operating Officer at Wipro.
  • US shoemaker Crocs ends its exclusive deal with Chigori Retail; plans to open 60 stores in 3 years.
  • Legal notice served to 300 firms by Mafatlal Industries alleging logo misuse. 
  • Air India questioned by CAG (Comptroller & Auditor General) regarding sale of its five Boeing 777s at loss to Etihad in 2013.
Source: Economic Times

NEWS WRAP - MARCH 16, 2015

  • Abid Ali Neemuchwala appointed as group president & Chief Operating Officer at Wipro.
  • US shoemaker Crocs ends its exclusive deal with Chigori Retail; plans to open 60 stores in 3 years.
  • Legal notice served by Mafatlal Industries to 300 firms for logo misuse. 
  • Air India questioned by CAG (Comptroller & Auditor General) regarding sale of its five Boeing 777s at loss to Etihad in 2013.
Source: Economic Times

Saturday, 14 March 2015

NEWS WRAP - MARCH 14, 2015

  • Securities Appellate Tribunal rules in favour of DLF; slams SEBI for 'miscarriage of justice'.
  • Last chance to Sahara to raise Rs. 6000 crore to negotiate deal for Subrata Roy's release: Supreme Court
  • Twitter buys livestream app maker Periscope.
  • Wipro ties up with Nexthink for enhanced compu-tech solutions.
  • Non-executive director, Sanjay Nayar resigns from Bharti Infratel Board.
  • Facebook buys shopping search engine TheFind to boost advertising business.
  • 'Skill up India' online education portal launched in Gujarat.
Source: Economic Times

Friday, 13 March 2015

NEWS WRAP - MARCH 13, 2015

  • Kalyan Jewellers to go for expansion worth Rs. 800 crore.
  • Mawana Sugars close down all of their mills in Uttar Pradesh.
  • Dr. Datson Lab bags Rs. 120 crore order to produce cancer drugs.
  • Rohan Murthy to set an innovation lab in Boston to work on automation & artificial intelligence.
  • New Guidelines issued by IMA (Indian Medical Association) on the use of pain killers.
Source: Economic Times

Thursday, 12 March 2015

NEWS WRAP - MARCH 12, 2015

  • India to develop strategic assets in two of Mauritius & Seychelles islands in the Indian Ocean .
  • Indian Premier League's strategic timeout to be sponsored by CEAT Tyres.
  • Paytm & Mahindra Two wheelers tie up for online selling of Mahindra's Bike & Scooter.
  • Supreme court resumes hearing on six Hydropower projects in Uttrakhand.
  • Bangalore based Moonfrog Labs raises $ 15 million from New York based Tiger Global Management & Sequoia Capital.
Source: Economic Times

Wednesday, 11 March 2015

NEWS WRAP - MARCH 11, 2015

  • Star India acquires film magazine 'Screen' from Express Group.
  • Super speciality eye care chain Eye-Q receives Rs 60 crore funding from IFC, Helion and Nexus.
  • Pawan Hans to spend about Rs 560 crore to raise fleet size to 12 aircrafts.
  • Air India leaves 200 passengers stranded in Delhi Airport with its flight getting cancelled.
  • Adani & GVK get Australian Government's approval for expanding their coal port.
Source: Economic Times

Tuesday, 10 March 2015

NEWS WRAP - MARCH 10, 2015

  • Private equity firm Xander Advisors India invests Rs. 280 crore in Pune realty project.
  • Sajjan Jindal-led JSW Steel to shut Chile mines for some time owing to low profitability.
  • Honda stops dispatches at Greater Noida factory on account of car damage due to the paint fumes from adjoining plant.
  • Bharat Biotech unveils its first India-made Rotavirus vaccine.
Source: Economic Times

Monday, 9 March 2015

NEWS WRAP - MARCH 03, 2015

  • Reliance Entertainment to form joint venture with Phantom Films.
  • KPMG acquires Indian arm of Spanish boutique advisory firm AF- Mercados.
  • Cairn India gets Directorate General of Hydrocarbons approval for gas production in Rajasthan block.
  • Hukuhodo Percept bags Maruti Suzuki's advertising campaign for their new launch worth Rs. 100 crore.
Source: Economic Times

Saturday, 7 March 2015

NEWS WRAP - MARCH 7, 2015

  • Flipkart aquires mobile ad network AdlQuity to beef up its advertising muscle.
  • National Payments of Corporation of India (NPCI) links 15 crore bank accounts with Aadhar number.
  • Bar Council of India issues show causes notices to lawyers for anti-women remarks.
  • Microsoft seeks US injunction against Kyocera cell phones.
Source: Economic Times

Thursday, 5 March 2015

NEWS WRAP - MARCH 5, 2015

  • Reliance Infra enters into defence sector with the acquisition of  Pipavav Defence for up to Rs. 2,082 crore.
  • Coke to sell Maaza & other products in small sachets.
  • Indian Bio Tech firm Stempeutics Research gets US Process Patents for its novel stem cell drug. 
  • Government launches public contest for suggestions for PMO mobile app.
  • Viacom 18 to license its brand colours to five ETV Regional Channels; gets ministry's approval.
  • Reliance Industtries seeks Shareholders approval to make major forays into the online retail space.
Source: Economic Times

Wednesday, 4 March 2015

NEWS WRAP - MARCH 4, 2015

  • Essel group buys Rs 304-crore bunglow in Lutyens' Delhi.
  • Apollo Hospitals brings in external consultants to spell out roles for third generation of Reddys.
  • Bharti Airtel enters into partnership with China Mobile to develop 4G technology, buy devices & equipments.
  • SAIF Partners raises $350 million for New India Fund.
  • Home appliances maker Orient Electric appoints Rakesh Khanna as CEO.
Source: Economic Times

Tuesday, 3 March 2015

NEWS WRAP - MARCH 3, 2015

  • India's first swine flu diagnostic kit developed by Bengaluru based Molbio.
  • YouTube bans content creators from tying up with advertisers without intimating the company.
  • Airtel extends its service contract with Ericsson by another two years.
  • China and South Korea to buy coal from Adani Group's Australia Mine.
  • Hyderabad based Natco Pharma ties up with Gilead  Sciences for Hepatitis C drug.
Source: Economic Times

Monday, 2 March 2015

NEWS WRAP - MARCH 2, 2015

  • McKinsey director Saikiran Krishnamurthy hired by Flipkart as Chief Operating Officer of commerce division.
  • Delhi Metro adds 17 trains, daily trips up by 104 and waiting time down by 15 seconds.
  • Hike in excise duty leads handset makers like Lava & Intex to increase prices by up to 5% .
  • State-run oil firms including ONGC & Oil India to invest over Rs. 76,565 crore on project expansion during 2015-16.
Source: Economic Times