- 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
