SKS Trust seeks commensurate directorship in SKS Microfinance:
Sources
Alert: SKS Trust recently hiked stake in SKS Microfinance to
12.69%
Sources on SKS Trust:
-Company asked to induct Vikram Akula as additional director
on SKS Microfinance's board
-Company asked to induct V Akula to board immediately as AGM
delayed
Telecom regulator cuts spectrum reserve price by 80%
-Telecom Regulatory Authority of India's (TRAI's)
recommendations have come after two previous attempts at selling air waves or
spectrum failed due to high reserve prices
Govt issues
notification to bring commodity exchange under Finance Ministry: Network18
Exclusive
-Forward Markets
Commission (FMC) to be under department of economic affairs
TCS pips Infosys in
large tax department deal
-Deal to set up & manage new software platform for tax
department -Infosys was also shortlisted for the 5-year deal
-Valuation of deal is likely at Rs 200 crore
-Project to help simplify taxation and eradicate tax evasion
-Software platform to be ready within 12 months
-TCS will also provide human resources management (HRM)
across departments
-Project will enable E-filing, assessment & scrutiny
Indian arm of MNCs to
be in focus, RBI eases norms to hike stake
- Alstom , Cummins , GSK, Heidelberg , SKF India , Wyeth , HUL , Crisil etc
CNG prices hiked by
Rs 3.70/kg in Delhi: PTI
-Mahanagar Gas hikes price by Rs 3/kg in Mumbai
Goa to lift
suspension on mining leases after Ganesh festival: PTI
-Around 24 mining leases to be signed in first phase
-Mostly mining lea
Goa government says
-Withdrawal of
suspension order does not mean that mining activity in those leases could
resume
-Mine owners will have to wait for us to lift ban on exports
& fresh extractions
Infosys says:
-Have undertaken certain reorganisation within company
-Reorganisation to further improve client focus and
competitiveness
V Balakrishnan &
Chandrashekar Kakal to get additional roles in company: Sources
-Consulting & Systems Integration to come under
Chandrashekar Kakal
Alert: Chandrashekar Kakal was earlier heading business IT
services
-Stephen Pratt will
also run utilities and resources vertical in North America
-Growth markets to have a new reporting structure
-All country heads to report to life sciences head V G
Dheeshjith
Other stocks and
sectors that are in news today:
-Vedanta may sweeten
Hindustan Zinc offer by 10%: BS
-Abu Dhabi utility eyes JP Hyro assets in HP: ET (Listed
entity Jaiprakash Power Ventures to be in focus)
-Jyoti Structures okay’s issue of Rs 40 crore fully
redeemable non convertible debentures
- Brigade Enterprises launches luxury residential project in
Mysore
- Coal Ministry to department of divestment
- Conditions not conducive for Coal India stake sale: From
PTI
- Reliance Power
pulls out of JV with Shell for LNG Terminal - Jindal Steel & Power (JSPL)
share buyback to begin on September 16, end on March 15
-Tata Sons appoints Nitin Nohria as non-executive director
(Nitin Nohria is dean of Harvard Business School)
Hero MotoCorp says:
-Investment in Rajasthan R&D centre at Rs 450 crore
-Company's three units to create direct employment for 3500
workers
-Three units to create indirect employment for 2500 workers
-Three units include global parts centre at Neemrana
-Three units include Rajasthan R&D centre and upcoming
manufacturing plant
-Very bullish on festive season -Supplying aggressively to
dealers
-Will look at getting into motorcycles with 230cc engines
-Rajasthan centre to provide solutions for local and export markets
