BS Reporter
BS Reporter
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Flipkart confirms valuation at $15.2 billion
Figure was arrived at after last round of fund-raising of around $700 mn by the company recently
 "Flipkart confirms valuation at $15.2 billion")
UCX promoters 'not fit and proper', says FMC
Says promoters/investors in violation of shareholder norms, orders them to divest stake
 "UCX promoters 'not fit and proper', says FMC")
 "NSE, BSE to launch F&O contracts in Cadila, Bharti Infratel")
Sub-committee to study online pharma sale invites comments
Move follows Snapdeal's online sale of prescription drugs that drew the ire of the FDA in Maharashtra
 "Sub-committee to study online pharma sale invites comments")
Korn Ferry enters into definitive agreement to acquire Hay Group
Hay Group is a global leader in people strategy and organizational performance, with 88 offices in 50 countries
 "Korn Ferry enters into definitive agreement to acquire Hay Group")
Royal Sundaram Alliance to increase presence in health, commercial insurance
The company plans these businesses to have a better share in the GWP of Rs 4,000 crore expected by 2020
 "Royal Sundaram Alliance to increase presence in health, commercial insurance")
Dishman Pharma plans to bring intermediates made in China facility to India
The co will make APIs here using the intermediates; signs license agreement with Janssen to supply API for MDR TB drug globally
 "Dishman Pharma plans to bring intermediates made in China facility to India")
Siyaram Silk Mills buys rights of Italian brand Cadini
Cadini to contribute Rs 100 cr to Siyaram's total revenues next fiscal
 "Siyaram Silk Mills buys rights of Italian brand Cadini")
AXISCADES signs contract with Siemens Wind Power
To open development center for the new client at Hyderabad
 "AXISCADES signs contract with Siemens Wind Power")
Airtel's E-Shakti makes 60,000 women internet savvy in 3 months
Company had partnered the Madhya Pradesh govt to create internet awareness and literacy among the women
 "Airtel's E-Shakti makes 60,000 women internet savvy in 3 months")
After Airtel, Idea to charge all prepaid customers on per second basis
The telco will be moving its 15 lakh customers on per-minute plan to Pay Per Second Plan in next 30 days
 "After Airtel, Idea to charge all prepaid customers on per second basis")
Rupert Murdoch, son James to meet PM Modi today
The Indian media and entertainment segment expected to touch $100 bn from its current valuation of $20 bn
 "Rupert Murdoch, son James to meet PM Modi today")
Reserve Bank proposes easier ECB norms
Draft paper allows wider set of investors, higher limits
 "Reserve Bank proposes easier ECB norms")
Ford drives the new Figo at Rs 4.29 lakh
Will be the only hatchback in India to offer up to six air bags
 "Ford drives the new Figo at Rs 4.29 lakh")
IIFCL's credit enhancement debuts with renewable energy issuance
ReNew Wind & Hindustan Power raise bonds; IREDA to come out with Rs 2,000 cr bond issue
 "IIFCL's credit enhancement debuts with renewable energy issuance")
SBI Card expects most card transactions to be online
In terms of number of cards issued, SBI Card's present market share is close to 15%
 "SBI Card expects most card transactions to be online")
 "Delhi HC says e-tailers seem to breach FDI rules")
Bajaj quadricycle gets EU export certification
RE60 has been certified under the European Whole Vehicle Type Approval regulations
 "Bajaj quadricycle gets EU export certification")