- Apollo Global Management sells 3% of its stake in Dish TV for Rs. 263 crore.
- Shareholders approve IDFC's demerger scheme to set up a wholly owned subsidiary IDFC Bank.
- Nissan India appoints Satinder Singh as vice president for sales, network and customer relations.
- Kolkata based Skipper bags order worth Rs. 400 crore from Colombia.
- German Luxury car maker Audi opens first technical service centre for India.
Source: Economic Times
- National Roaming to get cheaper; TRAI's (Telecom Regulatory Authority of India) reduced ceiling tariffs effective from May 1.
- Indian Railways Financial Institution raises Rs. 1200 crore through 2 year bonds.
- After Freecharge acquisition, Kunal Shah replaces Alok Goel as CEO of Freecharge.
- IndiGO and Jet Airways hike ticket cancellation penalties by 50-100%
- Indian Railways to sign a Memorandum of Understanding (MoU) with National Institute of Design to set up a Railway Design Center.
Source: Economic Times
- Kalyan Jewellers invest Rs. 200 crore in its Chennai showroom.
- Haryana government approves 800 MW unit at Panipat thermal power plant.
- Prime Minister launches Mudra Bank for small firms with a corpus of Rs. 20,000 crore.
- Online Retailer Firstcry raises Rs. 62 crore through its fourth round of funding; aims to strengthen its technical team.
- Glenmark's subsidiary to pay $ 25 million to settle a pricing case in US.
Source: Economic Times
- Rs. 1000 crore invested by Vodafone to ramp up its network in Mumbai.
- Cabinet Committee on Economic Affairs (CCEA) cleared pharmaceutical majors Glenmark & Aurobindo's foreign investment proposals worth Rs. 4187 crore.
- SpiceJet arrives at a settlement with its Irish lessor; withdraws plea from Delhi High Court.
- Supreme Infra bags Rs. 207-crore contract from National Highway Authority of India(NHAI).
Source: Economic Times
- Jaipur Rugs enters into an agreement to produce hand made rugs for National Geographic collection.
- Kingfisher Airlines to pay Rs. 372 crore as TDS to the Income Tax department after Supreme Court rules against it.
- Pharmaceutical company Wellness Forever generates funds worth Rs. 20 crore.
- Magicbricks.com sign up as associate sponsors for IPL-8.
- Lockout declared at Jaipur plant of auto component major Bosch.
- Online Fashion Retailer Myntra to shut its website from May 1 & to become only a mobile app based retailer.
- Reliance Infra backed BSES power distribution companies asked by Delhi Government to clear its dues worth Rs. 6000 crore.
- Delhi International Airport Limited awarded the Golden Peacock National Quality Award 2015.
- IndiGo hikes up its borrowing limits by 50% to Rs. 15,000 crore; further 3 more directors to be inducted on board.
Source: Economic Times
- Raymond enters into an agreement to acquire Robot Systems, a wholly owned subsidiary of Gokaldas Exports.
- Jupiter Capital exits railway freight company Indialinx (IIL) at $ 10 million.
- GVK group to set Rs. 500 crore integrated healthcare unit at Sri city in Andhra Pradesh.
- Luminous Power Technologies forays into luxury decorative fan category.
- Aditya Birla Nuvo's urea plant in UP resumes production.
- MTNL broadband rates hiked up to 25% in Mumbai.
Source: Economic Times
- Rs. 7000 crore to be invested by BSNL for setting up 3G, 4G Wifi hotspots.
- Rajit Mehta elevated as the MD & CEO of Max Healthcare.
- Anoop Kumar Sharma replaces Ramakrishnan A R as CEO for Essar Shipping.
- A consumer forum directs Bharti Airtel to pay Rs. 38,500 for deficient service.
- Madhuri Dixit & Shriram Nene roped in as the brand ambassdors for Eureka Forbes.
Source: Economic Times
- Meghalaya High Court approves the demerger of Star Ferro and Cement Ltd.
- Dr. Reddy's Labotaries to buy Belgium based UCB's Indian Arm for Rs. 800 crore.
- V Shankar quits Standard Chartered Bank to manage a private equity fund.
- 4 month advance railway booking results in breaking IRCTC's server four times; record 11 Lakh tickets sold in one day.
- Director General of Civil Aviation (DGCA) issues notice to Jet Airways after Pilots found flying without clearing test.
- Satish Padmanabhan to replace Sunil Nayyar as sales head of Sony India.
- Multi Screen Media to launch new sports channel Sony Kix to air IPL season 8.
- RBI adopts Basel III standards for capital & Liquidity.
- Sunil Nayyar appointed as the head of Consumer Electronics for Sony in US.
- Reliance Industries signs a product sharing agreement with Myanmar Oil & Gas Enterprise for two offshore blocks.
- Videocon d2h makes its Nasdaq debut following listing of $ 325 million by issuing American depository receipts.
Source: Economic Times
