NEWS WRAP - MARCH 31, 2014

• Apple could use buyback formula for iPad Air and Retina iPad mini too.

• Morgan Stanley almost doubles Gorman's 2013 pay to $18 million.

• Google, Facebook, Twitter eye Rs. 500 crore social media election pie.

Source: Economic Times

NEWS WRAP - MARCH 29, 2014

• Nokia to Madras High Court: Can’t pay even part of Rs 2,400 crore sales tax demand.

• SEBI summons Etihad officials over stake deal with Jet to clarify on Jet open offer.

• W owner TCNS Clothing plans to scale up India business; getting ready for global show in a year.

• Canadian smartphone maker BlackBerry Ltd. reported a smaller-than-expected loss.

Source: Economic Times

NEWS WRAP - MARCH 28, 2014

• Subrata Roy to stay in jail till April 3, Sahara says can't pay Rs. 10,000 crore for bail.

• StemCyte Inc. to open more umbilical cord blood collection centers in India.

• CBI files chargesheet against Congress MP Vijay Darda, son in coal scam.

• Reliance Industries shuts Jamnagar paraxylene unit for 6 weeks for maintenance.

• General Motors president predicts autonomous cars by 2020.

• Cox & Kings and Ezeego1.com join hands with G Adventures.

• Competition Appellate Tribunal dismisses Bhargava's plea against Jet-Etihad deal.

• Swiss firm Capri-Sun enters India with fruit juices for kids.

• Tatas, Srei Infrastructure look to sell majority stake in Viom Networks.

• Park Hyatt Hyderabad owner seeks recast of Rs. 450 crore loan; asks more time for repayment.

• Drug maker Sun Pharma to buy Standard Chartered's Mumbai Tower for Rs. 280 crore.

• Ramesh Sanka resigns from DLF; will continue as MD till July 31.

• Calvin Klein deal to help denim wear maker Arvind rise the market ladder.

Source: Economic Times

LAW LEXICON - The Law Dictionary

• Notice of Dishonour: Notice given by the holder of a bill of exchange to the drawer when the bill is refused or delayed payment

• Stare Decisis: Let the decision stand. The policy of courts to abide by or adhere to principles established by decisions in earlier cases

• Abscond: To hide; withdraw; to depart clandestinely. To go out of the jurisdiction of the courts, or to conceal oneself to avoid legal process.

• Docket: A list of cases scheduled to be heard in court on a specific day or week

• Decree: An order that has force of law

NEWS WRAP - MARCH 27, 2014

• Supreme Court asks Sahara Group to deposit Rs, 10,000 crore to grant bail to Subrata Roy.

• Top-deck exit continues at Jet Airways; acting CEO R Gopalakrishnan 3rd one to quit since June.

• CPI (Consumer Price Index)-linked bond investment limit hiked to Rs. 10 lakh for individuals.

• Vijay Mallya may be labelled as 'wilful defaulter' by SBI.

• Companies get relaxation on compliance requirements till September for approval of shareholders through ordinary resolution.

Source: Economic Times

NEWS WRAP - MARCH 25, 2014

• 2G Scam: Supreme Court refuses to cancel Sanjay Chandra's bail.

• EPFO to provide Permanent Account Number from October this year.

• Bank of India to sell Rs. 900 crore bad loans to Asset Reconstruction Company.

Source: Economic Times

NEWS WRAP - MARCH 24, 2014

• FMCG cut down on product launches in 2013 in a tough market.

• Aditya Birla Private Equity in talks to pick 6% in Adlabs Imagica for Rs 100 crore. 

• E-filing of I-T returns: Taxpayers to get digital signatures.

• Tata group firm Titan Co. is looking to increase its size by two-and-a-half times in the jewellery market over the next five years.

• Tata Motors to invest Rs 1,500 crore on new trucks, buses in Financial Year 2015. 

• Shoppers stop, Infiniti Chief win accolades at Economic Times Retail Awards.

Source: Economic Times

NEWS WRAP - MARCH 22, 2014

• British supermarket giant Tesco announces joint venture with Tata to enter India retail space.

• Nokia's trouble multiply as Tamil Nadu Govt serves Rs. 2,400 crore tax notice.

• Government sells 9% stake in Axis Bank, garners over Rs. 5,500 crore.

• TCS ranked No. 1 employer in Europe.

• Drug Controller General of India may soon be approving special licences to stem cell operators.

Source: Economic Times

NEWS WRAP - MARCH 21, 2014

• SUUTI to sell 9% in Axis Bank via block trades, government plans to mop up Rs. 5,500 crore.

• Infosys co-founder Nandan Nilekani, wife Rohini declare assets worth Rs. 7,700 crore.

• SpiceJet defends holi jig, denies violating air safety guidelines.

• NHB likely to raise $200 million from overseas market.

• Election Commission permits Ministry of Corporate Affairs to notify new company laws operational from April 1, 2014.

• Pakistan set to import 1,200 MW electricity from India.

• Starbucks says India operations fastest growing in its history.

• JLR invests 45 million pounds in a new press line at Halewood plant.

• PK online plans to raise Rs. 100 crore in first round funding.

Source: Economic Times

NEWS WRAP - MARCH 20, 2014

• Indian techies in Silicon Valley turn angel investors for Arvind Kejriwal.

• Volvo teams up with Bangalore company, SM Kannappa Automobiles to produce buses for emerging markets.

• Banks to remain open this weekend to facilitate advance tax collection.

• SAIL's Bhilai Steel Plant conducts hot trials of new Rs. 730 crore sinter plant.

• RBI allows more private banks to import gold in easing of curbs.

Source: Economic Times