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