- August 11, 2015
- by
- Prince Kumar
BUSINESS UPDATES
# Center set to seek Rs. 426 Cr in damage from Swiss food major Nestle India over Unfair Trade Practices by the Firm.
# With the September end deadline to disclose unaccounted money approaching, India’s top moneybags are planning multiple level trust structures, change of residency, and even transferring assets to third parties abroad, to escape what they refer to as a draconian law.
# SEBI is likely to act against several wealthy investors for alleged manipulation of the stock exchange route for evading taxes.
# MTS on Monday launched open WEB data plans, starting at Rs.299, giving users equal access to all websites and services. The company termed the plan in its nine circles as anti-zero rating plans, designed to provide freedom to customers to surf, call and chat fairly.
# Bharti Airtel has reduced rates of its home broadband plans by upto 30% for all new activations as the company won’t be charging any premium for higher speed.
# The Third phase of FM radio auction has attracted bids worth Rs. 970 crore after 44 rounds were completed at the end of the 11th day bidding on Monday.
# In line with the equity market, the rupee fell by 5 paise to settle at 63.87 against the dollar.
# ICICI Bank, the country’s largest private sector lender, will be offering home loans to rural customers at the base rate. The base rate of the bank stands at 9.70%.
# Jayant Sinha, Minster of State for Finance on Monday told that the Government is planning a policy push to help create a domestic venture capital (VC) industry for enabling greater fund flow into social initiatives that promote sustainable development and create jobs.
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