Friday, 28 February 2014

NEWS WRAP - FEBRUARY 28, 2014

  • Infrastructure company Ramky Infrastructure in talks to raise Rs. 900 crore from assets sale.
  • Tata Motors to set up Jaguar and Land Rover plant in Saudi Arabia.
  • Nigeria fines mobile firms MTN, Airtel and Globacom a combined $4 million for poor service.
  • EBay founder rejects Carl Icahn's call for PayPal spin-off.
  • No money for Kingfisher Airlines revival; Vijay Mallya pays over Rs. 4 crore for race horse 'Air Support'. 
Source: Economic Times

Thursday, 27 February 2014

NEWS WRAP - FEBRUARY 27, 2014

  • Coal India and its largest customer NTPC spar over Rs. 3,000 crore arrear settlement.
  • India, Dubai agree to increase bilateral airline seat entitlements by little over 20%.
  • Most Infosys staff to get 5-7% hike; seniors, onsite being finalized.
  • Anand Mahindra's $1 million challenge to solve traffic stress and electricity shortage awaits desi innovators.
Source: Economic Times

Wednesday, 26 February 2014

NEWS WRAP - FEBRUARY 26, 2014

  • Nasa to launch water-related satellite in collaboration with Isro.
  • India to block US trade probes, ready for fight at WTO.
  • No railway refund for non-travellers from March 1.
  • Tata Global Beverages gets bourses' nod to merge Mount Everest Mineral Water.
  • Swarovski to launch products specifically designed for India.
Source: Economic Times

Tuesday, 25 February 2014

NEWS WRAP - FEBRUARY 25, 2014

  • IT majors TCS, Infosys, Wipro and Cognizant focus on digital services to create business solutions.
  • Small companies market themselves on Facebook and seal deals via WhatsApp.
  • Corporation Bank in pact with Tata Motors to finance commercial vehicles.
  • Pfizer to buy stake in two foreign units; shares rally.
  • Ranbaxy Laboratories suspends drug ingredients shipment from 2 plants.
Source: Economic Times

Monday, 24 February 2014

NEWS WRAP - FEBRUARY 24, 2014

  • India to adopt global financial standards from April 2015.
  • Honda plans India R&D unit with initial investment of Rs. 500 crore to develop affordable cars. 
  • Emirates set to get more flying rights with additional 10,000 seats a week.
  • SpiceJet sparks off third fare war of the year; opens three day window to offer 75% off on base fare.
Source: Economic Times

Saturday, 22 February 2014

NEWS WRAP - FEBRUARY 22, 2014

  • Oil Ministry falters over price hike nod to Reliance post FIR.
  • Honda considers opening board to foreigners.
  • Videocon Group firm to set up Rs. 1,000 crore plant in Tamil Nadu.
  • Vodafone gives new arbitration notice; challenges right to slap Rs. 20,000 crore retro tax demand.
  • Steve Jobs, Snoopy, John Lennon to grace US stamps.
Source: Economic Times

Friday, 21 February 2014

NEWS WRAP - FEBRUARY 21, 2014

  • WhatsApp, BBM, FB chat under Sebi lens for being used to spread price-sensitive information.
  • With Dell's PowerEdge servers, Flipkart leads India's e-commerce transformation.
  • Bespoke suit makers, scotch brands join hands to woo rich Indian clients.
Source: Economic Times

Thursday, 20 February 2014

NEWS WRAP - FEBRUARY 20, 2014

  • CCI rules out unfair trade practices by Religare group firms.
  • ITC to take on Nestle, PepsiCo, Amul and HUL with dairy products and non-carbonated drinks.
  • Lotte India Corporation Ltd. to invest Rs. 300 crore in Haryana.
  • Government likely to increase and merge dearness allowance with basic pay.
  • Singapore's Jungle Ventures invest Rs. 7.3 crore in Crayon Data.
  • Facebook to buy WhatsApp message service for $19 million.
Source: Economic Times

Wednesday, 19 February 2014

NEWS WRAP - FEBRUARY 19, 2014

  • New Silk Route gets ready to sell Destimoney for Rs. 1,200 crore.
  • Mumbai builder Lodha Group buys second building on Carey Street in London for Rs. 1,000 crore after MacDonald House.
  • 14 more coal block licences of companies like ArcelorMittal, Hindalco, Tata Power, Reliance Energy cancelled.
  • 47 Taiwanese electronics firms to set up shop cluster in Bangalore.
  • Kiran Mazumdar-Shaw succeeds Mukesh Ambani as Chairperson of IIM-B board.
Source: Economic Times

Tuesday, 18 February 2014

NEWS WRAP - FEBRUARY 18, 2014

  • Centre takes back 10 coal blocks from firms like Jindal Steel, Tatas, Adani.
  • Amazon to use own logistics network for product delivery in 2 years.
  • Vote on Account 2014: Cars, two-wheelers, TVs, computers, refrigerators set to be cheaper.
  • Bangladesh inks hydrocarbon exploration deals with Oil India, ONGC.
  • Actavis Plc in talks to but Forest Laboratories Inc for upto $25 billion.
Source: Economic Times