Saturday, 28 February 2015

NEWS WRAP - FEBRUARY 28, 2015

  • CCI (Competition Commission of India) says no overlaps in SpiceJet - Ajay Singh deal.
  • Bhushan Steel Ltd enters into sale & lease back agreements of its oxygen plants in Odisha.
  • Tata Motors announces voluntary retirement scheme for its workers.
  • SEBI cancels Sahara AMC (Asset Management Company) registration as portfolio manager.
  • 800 KV  HVDC (High Voltage Direct Current) plant in Vadodara to aid power-starved states, says Gujarat CM Anandiben Patel.
  • IRCTC ties up with Amazon for online shopping.
Source: Economic Times

Friday, 27 February 2015

NEWS WRAP - FEBRUARY 27, 2015

  • Standard Chartered reshuffles its board; CEO Peter Sands and Asia head Jaspal Bindra among the executives quitting.
  • WHO lauds India for its anti-smoking mechanisms.
  • SEBI imposes Rs 86 crore penalty on DLF on account of failure in necessary disclosures in its IPO (Initial Public Offer) in 2008.
  • Sudhir Valia, executive director of Sun Pharma plans to offer loans to strapped companies.
  • Thai firm Onyx Hospitality enters into JV with hotel asset management firm Kingsbridge for setting 7 hotels in India.
Source: Economic Times

Thursday, 26 February 2015

NEWS WRAP - FEBRUARY 26, 2015

  • SpiceJet receives Rs. 500 crore funding from new owner Ajay Singh as part of Rs. 1500 crore revival plan.
  • Panel gives nod to Tata Motors, Mahindra & Mahindra's defence manufacturing proposals.
  • Flipkart, Snapdeal, Myntra and others in talks with IPL team franchises for sponsorship opportunities.
  • Bharti Airtel to raise $ 415 million through sale of shares of Bharti Infratel.
  • BSNL invests Rs. 11000 crore to improve services: Telecom Minister Ravi Shankar Prasad
Source: Economic Times

Wednesday, 25 February 2015

NEWS WRAP - FEBRUARY 25, 2015

  • Creador Advisors buy 3.4% stake in P C Jewellers for Rs. 143 crore.
  • Spouses of H-1B visa holders to get work permit in US.
  • Snapdeal's Chief Technology Officer Amitabh Misra quits, plans to start his own venture.
  • Supreme Court allows RBI to act against Sahara Group.
  • K Inoue succeeds Hironori Kanayama operations to head Honda Cars India oprations
Source: Economic Times

Tuesday, 24 February 2015

NEWS WRAP - FEBRUARY 24, 2015

  • Hitachi to buy Italy's Finmeccanica for over $ 2 billion.
  • Mitsubishi acquires 34% stake in Indo Nissin Foods,the maker of Top Ramen noodles.
  • HSBC Bank gets Income Tax notice; fears effect on its profitability.
  • TRAI (Telecom Regulatory Authority of India) slashes 30% amount for inter-network calls.
  • World Bank tells government not to interfere in power sector working.
Source: Economic Times

Monday, 23 February 2015

NEWS WRAP - FEBRUARY 23, 2015

  • iBall beats Samsung in the Indian Tablet Market.
  • Future Group's Future Consumer Enterprise fully acquires Aadhar Wholesale.
  • Hero Motor Company's Chief Executive Takanobu lto to step down; will be succeeded by Takahiro Hachigo.
  • Private power utility Tata Power signs pact with Siberian Coal Energy Company.
Source: Economic Times

Saturday, 21 February 2015

NEWS WRAP - FEBRUARY 21, 2015

  • Kotak Mahindra-ING Vyasa Rs. 15000 crore merger deal gets CCI (Competition Commission of India) nod.
  • Central Bank to raise capital of Rs. 1617 crore by issuing equity to Government on preferential basis.
  • Public Sector Unit (PSU) bank unions threaten 4-day nationwide strike from February 25 for wage-related demands.
  • Indian-American Dhanurjay 'DJ' Patil named first US chief data scientist.
  • PM Narendra Modi's pinstripe suit auctioned for Rs. 4.31 crore.
Source: Economic Times

Friday, 20 February 2015

NEWS WRAP - FEBRUARY 20, 2015

  • Nandan Nilekani, Rakesh Jhunhunwala jointly invest Rs 100 crore in an entity that owns Cafe  Coffee Day.
  • Power Grid Corporation bids for two transmission lines worth Rs. 6000 crore.
  • YouTube to release Android app for kid friendly viewing on February 23, 2015.
  • Demerger plan of Crompton Greaves consumer products business gets board's approval.
  • Hero MotorCorp promoter Hero Group further divests shares worth Rs. 945 crore.
Source: Economic Times

Thursday, 19 February 2015

NEWS WRAP - FEBRUARY 19, 2015

  • Employees' Provident Fund Organization (EPFO) launches drive to help activate over 8 crore inoperative accounts.
  • Snapdeal buys fashion portal Exclusively.com, expands in luxury segment.
  • YouTube to launch paid music service YouTube Music Key in a few months.
  • High Net worth Individuals (HNIs) get notices from taxman to pay advance tax before March 15.
  • Multi-city accelerator GSF partners with Cisco to speed up cloud and Internet-of-Things (IoT) startups.
Source: Economic Times

Wednesday, 18 February 2015

NEWS WRAP - FEBRUARY 18, 2015

  • Reliance Jio beats Bharti Airtel, Vodafone and Idea Cellular in Earnest Money Deposit for Spectrum Auction; puts in the maximum amount of Rs. 4500 crore.
  • Supreme Court moots separate Prasar Bharati channel for live telecasting of World Cup.
  • Maharukh Adajania named Director in the Equity Research team of IDFC Securities.
  • World Cup 2015: Dinner with Sachin Tendulkar in Sydney Restaurant priced at 1500 to 3000 Australian Dollars.
  • Blackberry sues Ryan Seacrest's keyboard startup typo again.
Source: Economic Times