NEWS WRAP - JANUARY 22, 2015

• As a debt reducing measure, Suzlon agrees to sell its German unit for $ 1.16 million in an all-cash deal.

• Government not to auction any additional 3G Spectrum.

• Mobile messaging App WhatsApp now accessable from Web Browser.

• Federal Aviation Authority (FAA) gives nod for upgrading Indian Aviation Industry from category II to category I considering Obama's visit in India.

Source: Economic Times

NEWS WRAP - JANUARY 21, 2015

• Mumbai Airport Authority asks SpiceJet to clear its dues worth Rs. 25 crore along with a bank guarantee of Rs 15 crore.

• Twitter to buy ZipDial in first Indian start-up acquisition.

• A new social savings bank account named JiFi Saver launched by Kotak Mahindra.

• Increasing E-commerce business creates a significant demand for ace delivery boys.

• Government directs Air India to hire 800 cabin-crew members.

• Lafarge India to buy-back its 14% stake from Barings Asia.

Source: Economic Times

NEWS WRAP - JANUARY 20, 2015

• Maharashtra Government waives off stamp duty on affidavit and domicile certificate.

• SEBI imposes a fine of Rs. 11 lakh on 7 companies for non-compliance of investor related matters.

• India & South Africa sign a pact for developing youth enterprise.

• IITs and ONGC to collaborate for Research and Development on Energy.

• TCS is the first IT corporate to have the highest net profit; overtakes RIL.

• GIC & IFC commits to invest Rs. 1600 crore in soon to be launched Bandhan Bank.

Source: Economic Times

NEWS WRAP - JANUARY 19, 2015

• Fields Medalist Manjul Bhargava to lead Prime Minister's teach in India programme.

• Taxi agreegator Olacabs hires background verification firm Authbridge for drivers verification.

• Advertising Club's Effie Awards name Ogilvy & Mather as the agency of the year.

• Xiomi to buy Tencent's stake in software company Kingsoft.

• Indian American Frank Islam presented with prestigious Marthur Luther King Award.

• Top fashion designers including J J Valaya and Rohit Behl to now go online with affordable ready to wear.

• Bajaj Electricals & Cisco to bid jointly for Government's Smart City Initiative.

Source: Economic Times

NEWS WRAP - JANUARY 17, 2015

• Jet Airways not to charge any cancellation or date change fees within 24 hours of booking tickets.

• As a part of Green Initiative, Government allows direct sale of bio-diesel by manufacturers.

• Central Bank now permits banks to undertake insurance broking business.

• India and US agree to collaborate on Digital India initiative.

• World's biggest currencies dealer Citigroup loses more than $150 million on currency swing.

• Delhi International Airport Limited gets a 'BB' rating on Standard & Poor's Ratings services depicting a weaker cash flow adequacy.

Source: Economic Times

NEWS WRAP - JANUARY 16, 2014

• Myntra to sell its in house brands to other online sites.

• Home and Consumer loans to get cheaper on account of RBI rate cut.

• Stay on CCI (Competition Commission of India)  penalty against Maruti Suzuki extended by High Court.

• Shell joins India LNG project with 26% stake.

• Audi tops again in the luxury car list.

• With the exit of Maran Family, Ajay Singh returns to SpiceJet with Rs. 1500 crore deal.

Source: Economic Times

NEWS WRAP - JANUARY 13, 2015

• The first CNG train to launched tomorrow by railway minister Suresh Prabhu  from Rewari to Rohtak .

• Microsoft ties up with Idea cellular to bring operator billing for Windows phone users in India.

• Microsoft, Google tangle over Windows security patch.

• NRI's to get proxy voting rights; Government to launch e-ballots.

• Reliance Communications deal with Vortex to outsouce its call center and share service operations.

• 40 Coal mines put on auction by Government.

Source: Economic Times

NEWS WRAP - JANUARY 12, 2015

• 230 Hotels including Oberoi Group to join PM's Clean India Drive.

• Chennai based SPI cinemas to be acquired by PVR cinemas for Rs. 750-1000 crore.

• China's Alibaba to acquire $550 million stake in India's One97 Communications.

• Insurers can hold only 5% in promoter company as per new Insurance Ordinance.

• Indian online property portals attract Foreign Investors.

• South Korea launches world's second largest carbon market.

Source: Economic Times

NEWS WRAP - JANUARY 10, 2015

• Supreme Court rejection of relief for licence renewal for Airtel,Vodafone to fire up auctions.
• Infosys Chief Compliance Officer Parvatheesam Kanchinadham exits to join Tata Steel.

• ABB India bags Rs. 256 crore contract in Sri Lanka to supply two 220 KV substations.

• Delhiites to be able to pay registration fee in electronic mode from February.

Source: Economic Times

NEWS WRAP - JANUARY 9, 2015

• Goldman Sachs to dump Indian Mutual Fund business for about Rs. 120 crore.
• Hike Messenger acquires Zip Phone to offer Internet calls. 
• 3000 employees at Infosys gifted with I-phone 6 handsets.
• Coca-cola to cut 1,800 jobs globally to reduce costs.
• Carnival Films to buy multiplex business of Network18.
• SAIL (Steel Authority of India) considering to invest Rs. 1.5 lakh crore to increase its production capacity.

Source: Economic Times