BS Reporter
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Cognizant reaffirms guidance for FY 2015 after Health Net acquired by Centene
After the merger between Health Net and Centene, the seven-year master services agreement would not be implemented
 "Cognizant reaffirms guidance for FY 2015 after Health Net acquired by Centene")
M&As at 6-year low in first half
This is about 25% lower than the corresponding period of the previous year
 "M&As at 6-year low in first half")
Ortel to expand to new geographies, eyes one million RGUs by 2017
Expansion plan over the next two years is estimated to cost Rs 250-300 crore
 "Ortel to expand to new geographies, eyes one million RGUs by 2017")
Ratan Tata to join Jungle Ventures as special advisor
The Singapore-based venture capital firm has invested in 30 startups in Asia
 "Ratan Tata to join Jungle Ventures as special advisor")
ED attaches Zoom Developers' Rs 1,000-cr US land over loan fraud
According to sources, the company took a loan of Rs 2,200 crore for various projects in European countries
Almost 68% households in rural India have cell phones
10% have refrigerators, 32% of households meet 'absolute poor' measure
 "Almost 68% households in rural India have cell phones")
PE investment grows 80% in June quarter
11 deals saw investments worth over $100 mn
 "PE investment grows 80% in June quarter")
MPs to seek 100% pay hike, health benefits to married children
The joint panel on salary and allowances of MPs suggests 75% raise in pension of former MPs
 "MPs to seek 100% pay hike, health benefits to married children")
Capgemini completes IGATE buyout
Igate becomes an indirect wholly-owned subsidiary; to delist from Nasdaq
 "Capgemini completes IGATE buyout")
Census throws up reality check on girl child marriage among SCs
Bihar leads the pack with over 30,000 girls below the age of 15 years married off that year
 "Census throws up reality check on girl child marriage among SCs")
Paytm enters bus ticketing business; hotels next
Aims to grow its gross merchandise value to Rs 19,000-25,500 cr by the end of 2015
 "Paytm enters bus ticketing business; hotels next")
Supreme court grants status quo on IEX stake sale
CERC had ordered FTIL to divest its entire stake in Indian Energy Exchange (IEX) by July 20
 "Supreme court grants status quo on IEX stake sale")
Fertile ground for national agri mkt as govt allocates Rs 200 cr
The government's plan may benefit irrigation companies and water pump makers
Mobile banking may overtake internet transactions by next year: HDFC Bank
Launches mobile banking app for Apple Watch
 "Mobile banking may overtake internet transactions by next year: HDFC Bank")
Cooking gas subsidy: Govt saved Rs 12,700 cr via DBT, says Subramanian
Under the scheme, LPG cylinders are sold at market rates and those eligible get the subsidy amount directly in their bank accounts
 "Cooking gas subsidy: Govt saved Rs 12,700 cr via DBT, says Subramanian")
Indian CFOs most bullish in Asia-Pacific about M&A
CFO survey of 2015 revealed that 69% of Indian CFOs said that they will look at exploring M&A activity this year
 "Indian CFOs most bullish in Asia-Pacific about M&A")
BankBazaar raises Rs 375 cr in funding round led by Amazon
This is Amazon's second investment in e-commerce space in India
 "BankBazaar raises Rs 375 cr in funding round led by Amazon")
Mercedes sales jump 43% in Q1
Clocked sales of 3,093 units as against 2,163 units sold in the same period a year ago
 "Mercedes sales jump 43% in Q1")
RBS Private Banking cuts Nifty target by 8%
Says volatility could continue which will present buying opportunites
 "RBS Private Banking cuts Nifty target by 8%")
FINO PayTech to ramp up retail network in Gujarat
FINO PayTech engages directly with its customers through company owned outlets called FINO Money Marts