Thursday, 30 April 2015

NEWS WRAP - APRIL 30, 2015

  • East Central Railways issues 'zero value tickets' to 7,000 quake victims.
  • Punjab National Bank (PNB) first bank to roll out Sukanya Samriddhi Scheme.
  • Veteran actor Mukesh Khanna appointed Chairperson of Children Film Society of India (CFSI).
  • Colgate-Palmolive India announces Voluntary Retirement Scheme (VRS) to employees at Waluj.
  • Virat Kohli extends Bengaluru partnership with fashion label Wrogn.
Source: Economic Times

Wednesday, 29 April 2015

NEWS WRAP - APRIL 29, 2015

  • Snapdeal appoints Idi Srinivas Murthy as senior vice president of marketing.
  • Restaurant chain Mast Kalandar launches mobile-based delivery only service 'MK Dabbawala'.
  • CCI gives nod to Ultratech Cement to acquire two cement units of Jaiprakash Associates.
  • Flipkart, Myntra to leverage common infrastructure, logistics post merger.
  • Kumar Mangalam Birla likely to become Century Textiles, Enka Chairman.
Source: Economic Times

Tuesday, 28 April 2015

NEWS WRAP - APRIL 28, 2015

  • Anil Ambani owned Reliance Communications raise $ 300 million through offshore funds with a coupon of 6.5%
  • Vatika Group's construction finance facility worth Rs. 150 crore sanctioned by Piramal Fund.
  • Online travel company MakeMyTrip gets a new logo along with a new tagline.
  • TRAI's website gets hacked after it discloses the email ids of  people who wrote on net neutrality.
  • Generic drugmaker Wockhardt Ltd to recall some drugs made in India after US FDA concerns.
Source: Economic Times

Monday, 27 April 2015

NEWS WRAP - APRIL 27, 2015

  • Infosys CEO hires former SAP executive Yusuf Bashir to run $500 million innovation fund.
  • Yes Bank opens representative bank in Abu Dhabi.
  • Government floats 'Emergency' quota for last minute flyers.
  • At $5 billion valuation, China's Alipay to buy 25% stake in Micromax.
  • Capgemini to acquire IGate; transaction will amount to $4.04 billion.
  • BCCI recommends Rohit Sharma for Arjuna Award.
Source: Economic Times 

Saturday, 25 April 2015

NEWS WRAP - APRIL 25, 2015

  • Vir Sanghvi launches EazyDiner, a restaurant reservation & concierge services platform.
  • Directorate of Revenue Intelligence detects undervaluation of the liquor imported.
  • Goverment to set cap prices of essential medical devices.
  • State run Rural Electrification Corporation transfers two transmission projects to Power Grid.
  • MyHep, a generic hepatitis C drug launched in India by Mylan Pharmaceuticals.
Source: Economic Times

Friday, 24 April 2015

NEWS WRAP - APRIL 24, 2015

  • Sequoia Capital invests $ 18 million in online ethnic store Craftsvilla.
  • Johnson & Johnson's Pharmaceutical division Janssen launches diabetes treatment drug in India.
  • RBI directs banks to add a 'third gender' column in all forms.
  • CCI (Competition Commission of India) disposes a case against Gujarat Gas Company alleging unfair trade practices.
Source: Economic Times

Wednesday, 22 April 2015

NEWS WRAP - APRIL 22, 2015

  • Coca Cola's land allotment in Tamil Nadu cancelled after a strong local protest.
  • Bengaluru based fashion e-commerce startup Eat.Shop.Love raises $ 3.5 million in angel funding.
  • After CEO Giorgio De Roni quits GoAir, 30 GoAir pilots put in their papers.
  • DDB Mudra roped in as the creative head for Aircel India.
  • Century Textiles to merge their Cement business with K.M. Birla owned Ultra-Tech Cement.
Source: Economic Times

Monday, 20 April 2015

NEWS WRAP - APRIL 20, 2015

  • Tata Teleservices to drop DoCoMo from its telecom brand Tata Docomo.'
  • Ernst & Young ropes in 150 lawyers for new vertical e-Discovery.
  • IRCTC to offer baggage insurance for railway journey.
  • US private equity firm Advent International Corp-led consortium to buy consumer product business of Crompton Greaves India for up to $ 350 million.
  • Spanish brewer Mahou-San Miguel considering to invest around Rs. 120 crore in India.
Source: Economic Times

Saturday, 18 April 2015

NEWS WRAP - APRIL 18, 2015

  • Income Tax authority issues fresh notice to Vodafone over Hutch-Vodafone deal.
  • Anand Narang to head marketing at the device business of Reliance Jio.
  • Maharashtra Food & Drug Administration raids Snapdeal for selling prescription drugs online.
  • Indian Medical Association to create organ donors' registry in Kerela.
  • Temasek Holdings to buy 3.83% holdings in Glenmark Pharma for Rs. 945 crore.
  • PNB MetLife forays into health insurance segment through the launch of MetLife Major Illness Premium Back Cover.
Source: Economic Times

Friday, 17 April 2015

NEWS WRAP - APRIL 17, 2015

  • TCS announces Rs. 2,628 crore mega bonus to employees to mark its 10 years as a publicly listed company.
  • Top hotels like Taj, Lalit roll out discounts and credit schemes to attract customers in summer.
  • Jindal Saw enters into contract worth Rs. 10,000 crore with group firm JSW Steel.
  • Electronic Money Order replaces older version: Department of Post
  • Hero-backed company Erik Buell Racing files for bankruptcy in US.
Source: Economic Times