BS Reporter
BS Reporter
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Prabhat Dairy to raise Rs 300 crore via IPO
Plans to set up new production lines for value-added milk-based products
 "Prabhat Dairy to raise Rs 300 crore via IPO")
Akhilesh seeks Rs 7,500 cr from National Calamity Contingency Fund
Claims Centre has not sanctioned any relief amount after on-spot inspections
 "Akhilesh seeks Rs 7,500 cr from National Calamity Contingency Fund")
GI Technology partners Prabhu Money, RBL Bank for Indo-Nepal remittances
In 2012-13, Nepali migrants in India remitted around $396.85 million
 "GI Technology partners Prabhu Money, RBL Bank for Indo-Nepal remittances")
TiE Chennai to help colleges set up tech incubators
Faculty members from over 30 colleges to participate
 "TiE Chennai to help colleges set up tech incubators")
India's 7.5% growth spurt in 2015 & 2016 to surpass China's
Global growth, according to IMF, likely to be lower at 3.3%
 "India's 7.5% growth spurt in 2015 & 2016 to surpass China's")
TCS profit, margins in Q1 beat Street estimates
But revenue growth and attrition a concern; management confident of growth
 "TCS profit, margins in Q1 beat Street estimates")
Plant shutdowns hit vehicle sales
Sales were also impacted by the periodic plant shutdown in June
 "Plant shutdowns hit vehicle sales")
Just 3.35% of unsold homes in Mumbai region ready to move in
Island city the worst performer with just over 1% available for possession
 "Just 3.35% of unsold homes in Mumbai region ready to move in")
Ruias plan to delist Essar Oil & sell 49% to Rosneft for $3.2 bn
Sebi had withheld delisting offer last November without giving reason
 "Ruias plan to delist Essar Oil & sell 49% to Rosneft for $3.2 bn")
JSW in talks to buy Monnet Ispat's Odisha power plant
Adani Group too was interested in acquiring stake in the Monnet Group's power plant
 "JSW in talks to buy Monnet Ispat's Odisha power plant")
Wipro to acquire Danish firm Designit for Rs 595 cr
The acquisition will enhance the IT services firm's digital transformation capability
 "Wipro to acquire Danish firm Designit for Rs 595 cr")
India and US sign FATCA as bulwark against black money
The FATCA will enable and facilitate smoother exchange of tax-related information between the two countries, and help both fight evasion
 "India and US sign FATCA as bulwark against black money")
Transit operators to issue prepaid mobility cards
Maximum amount to be loaded is Rs 2000; minimum validity of six months
 "Transit operators to issue prepaid mobility cards")
RBI's prior nod must for NBFCs for acquisition, shareholding transfer of 26%
Approval would not be required for those directors who get re-elected on retirement by rotation
 "RBI's prior nod must for NBFCs for acquisition, shareholding transfer of 26%")
Sebi should not dilute RPT norms, says IiAS
Demands Companies Act align with Clause 49 in the interest of investors, and not the other way around
 "Sebi should not dilute RPT norms, says IiAS")
Cyber frauds on rise with increase in digital banking: Assocham-PwC
Report says financial fraud led to approximately $20 bn Rs 1.26 lakh cr in direct losses annually
 "Cyber frauds on rise with increase in digital banking: Assocham-PwC")
IDFC to apply for final bank licence today
Move comes on back of Madras HC's approval for demerger of IDFC and IDFC Bank on June 29
 "IDFC to apply for final bank licence today")
Top-level exits at Flipkart
CTO Amod Malviya quits active role, while Engineering Head Sameer Nigam is going to pursue entrepreneurship opportunities
 "Top-level exits at Flipkart")