- Adani Group's Carmichael coal project in Australia faces legal challenges from aboriginal landowners of the said land.
- Veena Jain posted as the Director General(News) of Doordarshan.
- Railways' IT department to be headed as Ex-NASSCOM chief Som Mittal.
- Workers at Tata Steel's UK unit vote in favour of strike against the change in pension policy.
- Chanda Kochhar of ICICI gets a 12% salary hike.
- FDA serves notice on actress Madhuri Dixit for her claims in Maggi Advertisement.
- Idea Cellular's CEO Himanshu Kapania elected as the chairman of Cellular Operators Association of India (COAI).
- Vodafone's stake in Bharti Airtel sold for Rs. 1280 crore in order to fulfill regulatory requirements.
- Lighting business of Philips India demerged to focus on LED business.
- Pushpanjali Crosslay's 76% stake acquired by Max Healthcare for Rs. 287 crore.
- Airlines asked to reserve 2 window seats for disabled people.
- Future Group hires Manjula Tiwari, Jabong's fashion unit head as a senior executive.
- Ministry of Corporate Affairs issues a notice for inspection of books to United Spirits; also a notice u/s 131 issued by Income Tax Department.
- GAIL (India) sells some of its US LNG to Europe's Royal Dutch Shell.
- Parag Kulkarni named as the Managing Director of AO Smith Corporation for Indian operations.
- Daimler India inaugurates its bus plant near Chennai; to export buses under the brand Mercedes Benz.
Source: Economic Times
- Chinese solar products maker JA Solar Holdings enters into an agreement with Essel Infra projects to set up a 500 MW solar power unit in India.
- UrbanPro, a local online service provider raises Rs. 100 crore from Nirvana Venture.
- Future Group to buy consumer products business of Grasim Industries on a slump sale basis.
- Indian Oil Corporation to infuse Rs. 1000 crore in Chennai Petroleum Corporation Limited for expansion.
- ICICI Bank launches voice password facility for users of phone banking facility.
- Manoj Mishra appointed as the Chairman & Managing Director for state owned National Fertilizers.
- Reliance Retail to borrow Rs. 4500 crore through term loans & debentures to built its e-commerce business.
- Central Board of Secondary Education (CBSE) gets legal notice from Sanskrit Shikshak Sangh (SSS) as private schools shun 3-language formula.
- SpencerStuart's chief executive India Anjali Bansal resigns; to be replaced by an internal successor.
Source: Economic Times
- ArcelorMittal & SAIL (Steel Authority of India Limited) sign a Memorandum of Understanding to set up an automotive steel manufacturing facility in India.
- Cipla enters into a pact to acquire 51% stake in Uganda Quality Chemicals for over USD 30 million.
- Honda Cars announce an investment of Rs. 380 crore to expand its production facility at Rajasthan.
- CCI (Competition Commission of India) orders probe against telecom major Ericson for an alleged abuse of its dominant position.
Source: Economic Times
- Investment worth Rs. 10,500 crore on urea plants in Assam & Jharkhand gets government approval.
- Punit Soni, Flipkart's chief product officer makes a personal investment in RazorPay, a payment gateway company.
- Mahindra & Mahindra signs a definitive agreement to purchase 33% stake in Mitsubishi Agricultural Machinery Company.
- Private Power producer CESC considers to invest Rs. 2000 crore to strengthen its distribution network.
- Cadila Healthcare in final stage of acquiring Claris Lifesciences for near Rs. 3400 crore.
- SBI ties up with Amazon to access financing for $ 22 billion Indian e-commerce market.
- Gaurav Gupta appointed as the Vice President Engineering for Snapdeal.
- Nipman Fastener enter into an agreement for auto-components with IC-Ryung.
- Honey well & Tata Power Delhi Distribution successfully implement first ever automated demand response project in India.
- Big Retailers including Shoppers Stop & Reliance Retail file a case against Central Government demanding equality on FDI (Foreign Direct Investment) with e-tailers.
- BSNL to allow customers to use their unused mobile data on next recharge.
- Essar Foundation enters into an agreement for Job Training with National Skill Development Corporation (NSDC).
- Union Textile Ministry to come out with schemes worth Rs. 427 crore to promote geo-technical textiles in North East India.
Source: Economic Times
- IRCTC enters into a Memorandum of Understanding with UPICO to impart catering training.
- Airtel raises $ 2.5 billion to expand data networks from Chinese banks.
- Centre allocates Rs. 5000 crore for development of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha & Homeopathy).
- Haresh Mariwala of Marico joins TISS (Tata Intitute of Social Sciences) initiative to create awareness on mental health.
- Minerals & mining major Vedanta to refinance loans worth $ 1.6 billion in Indian Markets.
- Shamik Das hired as the chief corporate development officer at Reliance Jio.
- Hike in petrol and Diesel price by Rs. 3.13/litre & Rs. 2.71/litre respectively.
- Supreme Court restrains Glenmark pharmaceuticals from manufacturing & selling its anti-diabetes medicine Zita & Zita-Met.
- Dr. Reddy's Laboratories launch a new drug for stroke patients.
- Air India considering offers from Banks & Financial Institutions to finance its Dreamliner purchase.
Source: Economic Times
- Air India turns down 40 pilots out of 160 who appeared for interview considering psychologists' feedback.
- Indian generic drug-maker Ranbaxy Laboratories Limited sued in US alleging manipulation of US Food & Drug Administration(FDA) Rules.
- Central Government to make a strategic sale of 8 loss making hotels of India Tourism Development Corporation.
- RBI (Reserve Bank of India) dispenses off with the need of second factor authentication for small transactions; banks can now allow contactless card transaction upto Rs. 2000/- without PIN authentication.
- Government delays its approval to KMF (Karnataka Co-operative Milk Producers' Federation) for raising prices of its milk & milk products.
Source: Economic Times
- Housing.com CEO Rahul Yadav announces transfer of his shareholding worth Rs. 150-200 crore to his employees.
- Gurgaon based TrucksFirst raise Rs. 61.8 crore from SAIF partners in Series - A of funding.
- East Essence, world's largest Islamic clothing company to set up their online store on Snapdeal next month.
- Drug major Lupin acquires Brazilian drug firm Madquimica.
- Snapdeal rewards its 1200 top performers with Employee Stock Option Plans (ESOP).
- Government approves Rs. 11,930 crore Airbus - Tata consortium bid to replace Avro fleet of the Indian Air Force.
Source: Economic Times
- Pune based wind turbine maker Luminous acquired by Enzen Global Solutions for Rs. 12.6 crore.
- Mutlinational hospitality chain Starwood entered into a managemnat agreement with a Mahabaleshwar based five star hotel; to brand it as Le Meridien.
- Legal notice received by the Department of Telecom for its zero rating plans alleging violation of license condition.
- Vikram solar commissions 40 MW solar power plant for IL & FS Energy Development Company in Madhya Pradesh.
Source: Economic Times
- Indian-origin Priti Patel gets a cabinet rank in British Parliament as the minister of state for employment.
- Larsen & Turbo sign a technology transfer agreement with Hyundai Industries to build LNG carriers.
- ICICI bank's K V Kamath appointed as the chairman of BRICS (Brazil, Russia, India, China & South Africa) Bank.
- Tata Communications enter into a video network partnership with China Telecom Global.
Source: Economic Times
- India's largest blast furnace plant inaugurated at Burnpur by Prime Minister Narendra Modi.
- Rs 1020 crore raised by Bandhan Finance Services from International Finance Corporation, Singapore's GIC and SIDBI (Small Industries Development Bank of India).
- Vigilance arm of Department of Telecom condemned by CAG for inaction against violators.
- Bengaluru based Unicel Technologies acquired by US mobile messaging service provider mGage in an all cash deal worth Rs 80-100 crore.
- Fire reported at the Medak manufacturing unit of Khaitan Fan.
- Power Generation in KNPP's first unit suspended on account of technical snag.
Source: Economic Times
- Government cancels coal block linked to Reliance Power's Sasan ultra mega power project on account of Supreme court directives.
- 36 new drugs added to World Health Organization (WHO)'s list of essential medicines.
- Dabur India to ramp up its baby care portfolio by launching new products in the segment.
- Details of Environmental nod sought by Supreme Court in case of six hydro power projects in Uttrakhand.
Source: Economic Times
- Australia's Macquaire University inks a pact with Symbiosis and TA Pai institute in India to strengthen its tie in management education.
- Jet Airways launches express cargo service on its domestic network.
- Government approves Rs. 980 crore outlay for National Smart Grid mission in the twelfth five year plan.
- Central Railway to run eight tatkal special trains between Lokmanya Tilak Terminus & Mudgaon.
- Finland's Comptel Corporation bags software deals worth over Rs 111 crore from Bharti Airtel & Idea Cellular.
Source: Economic Times
- Big Bazaar to go online; Kishor Biyani to launch the app next month to take on e-tailers.
- Indian Oil Corporation commissions propylene recovery unit at Mathura refinery.
- 98-year old law firm Amarchand & Mangaldas & Suresh A. Shroff & Co. to split; High Court decides the settlement between Shardul & Cyril Shroff.
- SBI to auction property of retail store Loot (India).
- Medical devices firm Opto Circuits gets FDA (Food & Drug Administation) clearance from US to market its new automated external defibrillator.
Source: Economic Times
- Hindustan Zinc and Cairn India sign a pact with Rajasthan government to invest Rs. 20,500 crore over the next three years.
- SEBI (Securities Exchange Board of India) approves pharma giant Cipla's promoters' family voting agreement.
- Muthoot Group's travel division re-branded as Travel Jango.
- Information & Broadcast Ministry of India asks Broadcast Audience Reseach council (BARC), a TV rating body not to release any data without registration.
- State Bank of India (SBI) elevates five of its chief general managers to the post of Deputy Managing Directors; splits the post of chief risk & credit officer to chief risk officer & chief credit officer.
Source: Economic Times
- Sundeep Malhotra quits as CEO of Homeshop 18; to be replaced by Sanjeev Agrawal of Skechers.
- Jammu & Kashmir government to run chartered planes for low-cost air travel for tourists.
- Lufthansa Airline starts premium economy class on its Delhi-Frankfurt route; to include this new travel class on its other flight in India by end 2015.
- Branded Jewellers including Gitanjali & Tara tie up with online retailers Amazon & Snapdeal to sell cheaper products online.
Source: Economic Times
- Three major public sector banks including Bank of India, Union Bank of India and Allahabad Bank seek exemption from dividend payment.
- HDFC Bank increases service charge by around 50% on debit cards & immediate payment service to align its fee structure with the industry.
- US Firm Vehicle Access Systems Technology (VAST) acquires 50% stake in Minda Corporation.
- GAIL to stop LNG imports at Dabhol in Maharashtra till October because of monsoon.
- Petrol & diesel prices raised by Rs. 3.96 & Rs. 2.37 per litre respectively.
- E-retailers including Flipkart, Amazon & eBay sued by Shree Meena Creations, a saree distributor accusing sale of replica products.
- Kapil Dev Tripathi appointed as the new Petroleum Secretary.
- ASK Group raises Rs. 1000 crore through its real estate private equity arm from family offices & high net worth individuals.
Source: Economic Times
