- Flipkart appoints Ravi Garikipathi as entrepreneur in residence.
- Tata Group launches an e-commerce portal named Mytatastore.com for its employees.
- Ashish Rai quits The Leela to join Westin Mumbai.
- Venture & growth capital firm Sequoia invests Rs. 100 crore in Ahmedabad based Pharmaceutical La Renon Helthcare.
Source: Economic Times
- Snapdeal appoints Anand Chandrasekar as the new product chief.
- AIDS drugs now exempted from custom duty.
- Fares Kilpady, vice president for SpiceJet's revenue management resigns.
- Government denies extension to SAIL chairman; Steel secretary given charge.
- Hindustan Unilever to withdraw 'Knorr' Chinese instant noodles; awaits FSSAI approval.
Source: Economic Times
- DLF enters into a definitive agreement to sell its DT Cinemas to PVR Cinemas for Rs. 500 crore.
- RoomsTonite, the last minute hotel booking app partners with taxi app Uber in India.
- Sanjay Aggrawal, former Kingfisher CEO funds Zen Rooms, a budget hotel booking site .
- Airtel increases the price of data packs for pre-paid customers in Delhi.
Source: Economic Times
- Taco Bells gives its first Indian franchisee to Burman Hospitality.
- Anshu Jain resigns as co-chief executive of Deutsche Bank after struggle with regulatory woes; to be replaced by John Cryan.
- Doordarshan to launch weekly news programme in Sanskrit.
- Bombay Dyeing to sell its last textile manufacturing unit at Ranjangaon on a slump sale basis for Rs. 230 crore.
- Union Home Ministry denies security clearances to Kalanidhi Maran backed Sun TV Network; channels may go off air.
- Rajasthan Government enters into a pact with Essel Group to set up solar parks in the state.
- Pharma majors GlaxosmithKline & Sanofi India face penalties worth Rs. 60 crores and 3 crores respectively for indulging in unfair trade practice.
- Bombay High court bars Mr. Diwan Arun Anand & Mr. M R Srivasanto take charge in Yes Bank as Independent Directors upto June 18.
- Competition Commission closes case against IATA(International Air Transport Association) due to lack of evidence.
Source: Economic Times
- Reliance Retail appoints Mr. Hemant Kumar Ruia as its Chief Financial Officer.
- With major controversy regarding health concerns over Nestle Maggi noodles along with a ban on the products in certain areas, production reduced to third & product withdrawn in Indian market for some time by the company.
- Sony to launch Android TV range next week.
- Ginger Hotels appoint Mr. Rahul Pandit to act as their Chief Executive Officer.
- Ministry of Defence lead Mishra Dhatu Nigam Limited, enters into a Research & Development agreement with the research arm of Steel Authority of India Limited(SAIL).
Source: Economic Times
- Airbus consolidates its defence and aerospace business in India naming Pierre de Barsset as its new prsident.
- Star India enters into an production and distribution agreement with Dharma Productions worth Rs. 500 crore.
- KEC International's proposed deal to sell its 381 telecom sites gets CCI (Competition Commission of India) approval.
- India signs a bio-tech pact with UK based Cambridge University.
Source: Economic Times
- V L Rajesh named as food business head for ITC.
- A special investment panel set in Infosys to oversee acquisitions.
- State-owned BHEL (Bharat Heavy Electronics Limited) bags an order worth Rs. 18,000 crore in Telangana to set up a 400 MV plant.
- Telecom minister Ravi Shankar Prasad announces free national roaming calls by BSNL from June 15 onwards.
Source: Economic Times
- Vinayak Bahugana appointed as the MD & CEO for India's largest Asset Reconstruction Company Arcil (Asset Reconstruction Company of India).
- P K Mukherjee, a former Vedanta executive director hired by Essar Group.
- Pawan Munjal to be the chairman for Hero Motorcorps after his father Brijmohan Lall Munjal steps down.
- Emaar MGF's owner Shravan Gupta discloses an undeclared income worth Rs. 31 crore to ITSC (Income Tax Settlement Commission);seeks immunity over penalty.
- Wolfgang Prock Shauer appointed as the new CEO for GoAir.
- Revised rate of Service Tax effective from today; to be charged at 14% instead of 12.36%.
- Amul Milk prices hiked by Rs. 2 per litre in certain parts of Gujarat.
- Yoga sessions introduced by Air India as a part of their new training structure.
- Separate business unit to focus on Africa set by Mahindra & Mahindra.
Source: Economic Times
