Retail Newsletter - August 06 to August 10, 2012
Fitch Ratings has revised the H212 outlook for the Indian retail sector to negative from stable in view of a sustained deterioration in the discretionary spending ability which is unlikely to improve over the short term.
Consumer Goods Newsletter - August 06 to August 10, 2012
Britannia Industries, Bombay Dyeing and Go Airlines will have to pay royalty to the parent for using the ‘Wadia Group’ brand name and for sharing common services, according to reports.
Automobile Newsletter - August 06 to August 10, 2012
India's total two-wheeler sales increased by 7.5% to 11,32,696 units from the 10,54,120 units sold in the year-ago period.
Pharmaceuticals Newsletter - August 06 to August 10, 2012
Strides Arcolab reportedly signed a deal with Gilead Sciences Inc to sell low-cost generic versions of latter's HIV medicine 'emtricitabine' in developing countries.
Agriculture Newsletter - August 06 to August 10, 2012
The Centre has released Rs. 45 crore for enhancing availability of fodder to 5 States. The funds are being provided under Accelerated Fodder Development Programme.
Banking Newsletter - August 06 to August 10, 2012
The Union Finance Minister P. Chidambaram has said the Quick Estimates of IIP for June, 2012 are disappointing.
Mutual Fund Newsletter - August 06 to August 10, 2012
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 64-367 Days Plan J, a close ended debt scheme.
Insurance Newsletter - August 06 to August 10, 2012
A number of changes are planned to take place in the insurance industry with IRDA’s (Insurance Regulatory and Development Authority) final approval to insurance repositories which will allow introduction of demat policies.
Infrastructure Newsletter - August 06 to August 10, 2012
The Minister of Power, V Moily held a meeting in the capital today, with the Chief Ministers and Power Ministers of the North Indian States affected by the power grid collapse on 30th and 31st of the previous month .
Metal & Mining Newsletter - August 06 to August 10, 2012
A consortium led by Siemens VAI Metals Technologies received an order from the Government of India’s fully owned public enterprise “National Mineral Development Corporation Limited (NMDC)” for the supply of a complete LD (BOF) steelmaking plant.
Real Estate Round Up - August 06 to August 10, 2012
Fitch Ratings says in a new report that the Rating Outlook for the Indian real estate sector continues to be Negative for H212, due to persistent sluggish demand, high construction costs and liquidity pressures.
Telecom Newsletter - August 06 to August 10, 2012
Bharti Airtel has reported a net profit of Rs. 7.62bn for the fiscal first quarter of FY13 while net sales stood at Rs. 193.50bn.Bharti Airtel has reported EBITDA of Rs. 58.49bn for the quarter ended June 30, 2012.
Merger & Acquisition Round Up - August 06 to August 10, 2012
The Tata group’s Indian Hotels Company is planning to forge a partnership with Orient Express Hotels (OEH), according to reports.
IT Newsletter - August 06 to August 10, 2012
As if one visa case filed against IT major Infosys by its ex-employee is not enough, another former employee of the company, Satya Dev Tripuraneni, has filed a suit alleging the company of harassment for blowing the whistle on the impending visa row and tax fraud issue.
Aviation Newsletter - August 06 to August 10, 2012
Kingfisher Airlines has reportedly said that it has been able to operate its flights from Delhi this morning. Reports stated that at least five flights were operated from Delhi this morning.
Oil & Gas Round Up - August 06 to August 10, 2012
The Supreme Court has appointed a panel of judges to arbitrate between Reliance Industries and the government on a dispute related to the company’s KG basin gas block, off the east coast in the Bay of Bengal, reports said.
Hotel & Tourism Newsletter - August 06 to August 10, 2012
Foreign Tourist Arrivals (FTAs) during the Month of July 2012 was 5.25 lakh as compared to FTAs of 5.14 lakh during the month of July 2011 and 4.67 lakh in July 2010.