Week That Was - 29th Jun - 6th Jul

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  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

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  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

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    Commodities & ForexEconomy & Markets

    After declining for three consecutive weeks, the Indianequity market was back as the NSE Nifty and theSensex hit fresh life-time high during the week. Indianstocks witnessed a pre-Budget rally amid expectationsthat Finance Minister Jaitley will announce measuresaimed at bolstering economic growth

    Services activity rose to a 17-month high in June onthe strength of robust order flow. The HSBC PMI roseto a vigorous 54.4 points in June from 50.2 in May,well over the 50-point mark that separates expansionfrom contraction

    India received $37.8 billion foreign investmentbetween January and March, a strong inflow beingattributed to the anticipation of a stable government

    ahead of the Lok Sabha elections. RBI data showsthat $16.1 billion came in as FDI during the quarterwhile another $13.4 billion came in as portfolioinvestment

    India's foreign exchange reserves rose to$315.8 billion as of June 27 as per RBI.

    Foreign currency assets, the majorcontributor to reserves, rose $850.9 million to$288.813 billion. Gold reserve with RBI

    remained at $20.790 billion

    According to the IMF's SDDS data, RBIbought $19.1 billion of short-term forwards inMay reaping the advantage of improvedinvestor confidence after the Modi win

    Oil and safe-haven favorite gold were alsounder pressure as the unrest in Iraq andbetween Ukraine in Russia - supportive

    factors for both in recent weeks - remained ina lull

    Global Markets

    Index 30-Jun 4-Jul Change

    U

    SA

    Dow Jones 16,827 17,068 1.44%

    NASDAQ 4,408 4,486 1.76%

    Europe FTSE 100 6,744 6,866 1.81%

    DAX 9,833 10,009 1.79%

    Asia

    Hang Seng 23,191 23,546 1.53%

    Nikkei 225 15,162 15,437 1.81%

    Commodities 30-Jun 4-Jul Change

    INR / USD 59.94 59.50 (0.74%)

    Crude ($) 112.36 111.00 (1.21%)

    MCX Gold (INR) 27,672 27,464 (0.75%)

    Silver (INR) 44,529 44,291 (0.53%)

    Crude: per barrel | Gold: per 10 g | Silver: per kg

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    Commodities & ForexEconomy & Markets

    For the month of June 2014, passenger vehiclesvolumes in India continued to be on a strong footing.Pre-buying was seen due to expectations of reversalof excise duty cuts announced in interim budget

    Asian shares rose to a three-year peak on Friday,

    though the dollar inched away from overnight highs hiton U.S. jobs data which underscored the strength ofthe economic recovery whereas European stockswere seen taking a breather after recent gains

    U.S. nonfarm payrolls rose by 288,000 last monthand the unemployment rate fell to 6.1%. Employmenthas grown at more than 200,000 in each of the lastfive months, the first such streak since the late 1990s

    Brent futures held steady around $111 abarrel on Friday on signs of an improvingdemand outlook, although the benchmark isstill set to post its biggest weekly loss sinceearly January as supply worries that haverattled oil markets for weeks recede.

    U.S. oil futures were down for a seventhstraight day amid expectations of moreshipments from Libya and Iran.

    29 Jun 6 Jul

    25,516

    25,841

    25,82425,962

    25,200

    25,400

    25,600

    25,800

    26,000

    1-Jul-14 2-Jul-14 3-Jul-14 4-Jul-14

    Sensex

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    DICV rolls out Fuso trucks for left-hand drive export markets

    Daimler India Commercial Vehicles has rolled out Left-Hand Drive Fuso trucks for the export

    markets from the company's Oragadam manufacturing facility near Chennai.

    The company, which is a wholly-owned unit of Daimler AG and Mitsubishi Fuso Truck and Bus

    Corporation, said the truck range -- Fuso FJ would be first launched in markets like, Nigeria, Ethiopia

    and Egypt and in the mid-term will be rolled out in Africa, Latin America.

    General Motors launches Manchester United editions of Chevrolet Beat, Sail in India

    General Motors has launched special editions of its hatchback models Beat and Sail in India to mark its

    partnership with popular English football club Manchester United. The launch of Manchester United

    limited editions of Chevrolet Beat and SAIL hatchbacks comes at a time when the Chevrolet brand is

    making debut on the club's jersey

    Hero Motor Corp commences construction of $70-million Colombian unit

    Hero Moto Corp, the world's largest two-wheeler maker by volume has started construction of a

    manufacturing plant in Colombia, becoming the first Indian two-wheeler company to invest in a

    production base in Latin America as it expands rapidly abroad after ending a nearly three-decade-old

    joint venture with Honda Motor

    Honda launches its most affordable bike in India at Rs 41,100

    Honda Motorcycle & Scooter India (HMSI) launched its most affordable bike in the country, priced at Rs

    41,100 (ex-showroom Delhi) as it aims to strengthen its position in the mass segment and rural areas.

    The company is also looking to invest another Rs 1,000 crore on various activities including capacity

    expansion in the current fiscal

    29 Jun 6 Jul

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    Government asks PSU banks to issue RuPay debit cards to customers, install POS terminals

    Finance ministry's department of financial services has urged CEOs of public sector banks to issue

    RuPay cards to all existing customers who do not have debit cards as well as to new clients and install

    point of sale terminals for RuPay card. RuPay was launched by National Payments Corp of India

    (NPCI), set up to function as a cost-effective payment services entity.

    Standard Chartered Bank, ICICI Prudential Life ink bancassurance partnership

    ICICI Prudential Life Insurance entered into a 15 year strategic bancassurance partnership with

    Standard Chartered Bank. Under the terms of this agreement, Standard Chartered Bank will distribute

    a wide array of ICICI Prudential Life's comprehensive life insurance products through its network of 99

    branches across 42 cities.

    Barclays India back in black with Rs 382 crore profit

    Barclays Banks Indian subsidiary clocked a net profit of Rs 382 crore due to a strong focus on

    controlling costs and boosting revenues. Bank achieved cost-income ratio of 37.9% against 55.8% in

    last year. The bank has completely exited the retail and commercial lending operations after making

    aggressive provisions for loan losses, shutting down some branches and ATMs and now positions

    itself as a corporate bank providing wealth management and investment banking service.

    Bank loans grew slower in May

    Banks' lending growth fell in May to 13% compared to a 15.3% growth last year as credit to industry

    and services sector grew slower than earlier. Credit to industry rose by 11.4% as compared with a

    15.9%, credit to the services sector slowed too and grew by 13.6% compared with a 14.5% rise year-

    ago. Personal loans growth was muted at 14% as compared with 17.1% earlier.

    29 Jun 6 Jul

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  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

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    Nivea to set up 1,000 crore plant in Gujarat

    To reduce dependence on imports and make its products affordable to a wide swath of the population,

    global skin and body care brand Nivea is setting up its first manufacturing plant in the country at

    Sanand (Gujarat) with an investment of Rs 1,000 crore. The plant will be spread over 70,000 square

    metres after being completed next year, will house Nivea's f irst ever R&D centre in the Saarc region.

    'India's technical textile market may touch $32 bn by 2023'

    Indiastechnical textiles market which is currently estimated at $14 billion is likely to reach a level of

    $32 billion by 2023, by diversifying towards non-woven technical textiles and forging global

    partnerships with counterparts. Currently, Indian textiles and apparel industry is estimated to be worth $

    99 billion which includes both domestic consumption and exports. It is projected to grow to $ 226 bn.

    Budget 2014: Cigarette makers urge government to not increase excise duty

    Worried by falling stock prices and plunging sales, cigarette makers are lobbying hard to prevent the

    government from hiking excise duty for the third straight year. The centre had hiked excise duty on

    cigarettes by 22% in 2012-13 and 18% last fiscal with several state governments too hiking the VAT

    rate. This has triggered 40-55% hike in cigarette prices in phases over the last two years which has

    taken a toll on the legal cigarette industry whose sales volume dropped by 9% last fiscal

    FMCG companies run into growth bump in South

    South India, a market which has always been used as a product testing ground by FMCG players,

    given its demography of a more evolved consumer, has become a tough market for these very

    companies and high category penetrations could have led to this situation. The South has grown the

    slowest among all regions in the last one year for the FMCG industry.

    29 Jun 6 Jul

    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  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

    7/12

    ReNew Power Ventures Pvt Ltd has raised $140 million from three investors, including a private equity

    fund managed by Goldman Sachs, the renewable energy firm said on Thursday. Asian Development

    Bank invested $50 million, while Global Environment Fund, a leading alternative asset investment firm

    focused on energy, environment and natural resources, invested $20 million.

    US Export-Import Bank weighs loan to major India coal project

    The US Export-Import Bank is considering financing a massive coal-fired power plant in India despite

    the fact the Obama administration has called on domestic and global public lenders to stop funding

    coal-plants in his climate change strategy .The board of the Ex-Im Bank, the United States' export

    credit agency has changed its stance based on future prospects.

    ReNew Power raises $140 million from investors, including Goldman Sachs

    Oil Ministry to move CCPA on raising LPG, kerosene prices

    The Oil Ministry is likely to move the Cabinet Committee on Political Affairs (CCPA) soon with an

    expert panel recommendations of raising kerosene price by Rs 4 a litre and cooking gas (LPG) rates by

    Rs 250 per cylinder. The ministry is preparing a draft note for consideration of the CCPA on pricing of

    diesel, kerosene and LPG, official sources said.

    Oil companies made Rs 50,000 crore profit in 2007-12, CAG report says

    The public sector oil marketing companies (OMCs) are making profits by selling oil and petroleum

    products to consumers, contrary to the perception that they are selling oil at a loss. The gain, which

    could easily have been passed on to retail consumers, has been estimated to be around Rs 50,000

    crore in five years between 2007 and 2012.

    29 Jun 6 Jul

    http://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/us-export-import-bank-weighs-loan-to-major-india-coal-project/articleshow/37759138.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/oil-gas/oil-ministry-to-move-ccpa-on-raising-lpg-kerosene-prices/articleshow/37771979.cmshttp://economictimes.indiatimes.com/industry/energy/oil-gas/oil-companies-made-rs-50000-crore-profit-in-2007-12-cag-report-says/articleshow/37691537.cmshttp://economictimes.indiatimes.com/industry/energy/oil-gas/oil-companies-made-rs-50000-crore-profit-in-2007-12-cag-report-says/articleshow/37691537.cmshttp://economictimes.indiatimes.com/industry/energy/oil-gas/oil-companies-made-rs-50000-crore-profit-in-2007-12-cag-report-says/articleshow/37691537.cmshttp://economictimes.indiatimes.com/industry/energy/oil-gas/oil-companies-made-rs-50000-crore-profit-in-2007-12-cag-report-says/articleshow/37691537.cmshttp://economictimes.indiatimes.com/industry/energy/oil-gas/oil-ministry-to-move-ccpa-on-raising-lpg-kerosene-prices/articleshow/37771979.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/renew-power-raises-140-million-from-investors-including-goldman-sachs/articleshow/37703684.cmshttp://economictimes.indiatimes.com/industry/energy/power/us-export-import-bank-weighs-loan-to-major-india-coal-project/articleshow/37759138.cmshttp://economictimes.indiatimes.com/industry/energy/power/us-export-import-bank-weighs-loan-to-major-india-coal-project/articleshow/37759138.cmshttp://economictimes.indiatimes.com/industry/energy/power/us-export-import-bank-weighs-loan-to-major-india-coal-project/articleshow/37759138.cms
  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

    8/12

    Elder Pharmaceuticals completes domestic formulations business sale transaction

    Drug firm Elder Pharmaceuticals has completed the transaction for sale and transfer of it's branded

    domestic formulations business in India and Nepal to Torrent Pharmaceuticals on a slump sale basis.

    This transaction was in pursuance of the Business Transfer Agreement entered into between Elder and

    Torrent on December 13, 2013.

    Read more at:http://economictimes.indiatimes.com/articleshow/36813621.cms?utm_source=contentofinterest&utm_mediu

    m=text&utm_campaign=cppst

    Sun Pharmaceutical Industries recalls 200 vials of cancer drug, Gemcitabine from US market

    Sun Pharmaceutical Industries has recalled 200 vials of cancer drug Gemcitabine for injection from

    the US market for lack of assurance of sterility. Sun Pharma's US subsidiary Caraco Pharmaceutical

    Laboratories initiated the voluntary recall on April 9.

    Cipla inks pact to acquire 51% stake in Yemeni company

    Continuing its overseas acquisitions, pharma major Cipla has inked a pact with a Yemeni firm to

    acquire its majority stake for$21 million . The company has signed a definitive agreement to acquire a

    51% stake in a pharmaceuticals manufacturing and distribution business in Yemen. As part of its global

    expansion, Cipla had completed the buyout of South African pharma firm Cipla Medpro for Rs 2,707

    crore last year.

    Zydus Cadila loses two popular brands

    Around 10 years after Ahmedabad-based Zydus Cadila started manufacturing and distributing Dulcolax

    and Buscopan, these gastro medicines have now been transferred back to MNC firm Boehringer

    Ingelheim (BI) after talks between the two failed earlier this year to extend the partnership.

    It is learnt the German company is re-launching the drugs, but with new names .

    29 Jun 6 Jul

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  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

    9/12

    BHEL commissions Rajasthan discom's Rs 990-crore thermal unit

    State-run power equipment maker BHEL has successfully commissioned another 250 MW thermal

    unit, valued at Rs 990 crore, at Chhabra plant in Rajasthan. With the commissioning of this fourth 250

    MW unit at Chhabra plant, the capacity of the coal-based project has gone up to 1,000 MW.

    Punj Lloyd wins Rs 1,418cr order from Kuwait National Petro Co

    Diversified EPC conglomerate Punj Lloyd has made its foray into Kuwait by bagging a Rs 1,418 crore

    order for expansion and revamp of a depot from Kuwait National Petroleum Company (KNPC). The

    scope of work includes design, detailed engineering, procurement, construction and commissioning of

    11 new floating roof product tanks with a capacity of about 228,000 cubic metres.

    GMR Infra & Jaiprakash Associates launches QIPs

    GMR Infra is looking to raise at least USD 200 million through QIPs. The price band is Rs 31.5-32.4

    and the floor price is Rs 33.14. Jaiprakash Associates is looking to raise USD 250 million via QIP

    issue. The price band is Rs 72-74 with floor price was Rs 73. JP Associateshave mentioned that most

    of the money which they are going to raise in this QIP will be used to repay their long-term debt.

    Adani Ports partners CMA CGM Group of France for Mundra expansion

    Adani Ports and Special Economic Zone Ltd will build a new common user container terminal at

    GujaratsMundra Port with CMA CGM Group S.A. of France. CMA CGM is the worldsthird-largest

    container shipping firm. The project will cost Rs 2,000 crore and the two partners will form an equal

    joint venture to start construction immediately with a target to complete work in 24 months.

    29 Jun 6 Jul

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  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

    10/12

    Infosys becomes first IT firm to file sustainability report

    Global software major Infosys Ltd became the world's first IT f irm to file a sustainability report based on

    the latest global reporting initiative (GRI) framework. The sustainability report demonstrates reporting

    practices and addresses expectations of the stakeholders. GRI's fourth generation (G4) is the widely

    respected sustainability reporting framework, worldwide.

    Tech Mahindra forms joint venture with Saudi Arabia's Midad Holding

    Tech Mahindra said it has formed a joint venture with Midad Holding to provide IT and ITeS solutions in

    Saudi Arabia. Midad will hold 51 per cent stake in the JV firm (to be called Tech Mahindra Arabia),

    while Tech Mahindra will hold the remaining 49 per cent share. Headquartered in Al Khobar, Tech

    Mahindra Arabia will also have a presence across major cities in Saudi Arabia

    Snapdeal to showcase smartphone, sports camOnline marketplace Snapdeal said it will showcase the f irst set of consumer-centric products, including

    a smartphone and a sports cam, created under its 'Launchpad' programme. In April, Snapdeal had

    unveiled 'Launchpad' offering a platform for innovators and inventors across the country. The Click Pro

    (sports cam) and Alpha Feather (smartphone) are two products being introduced in this edition.

    Cisco ties-up with Electronics City Industries Association ; to develop Asia's 1st IoT innovation

    hub

    Cisco announced a strategic engagement with Electronics City Industries Association to develop Asia's

    first end-to-end Internet of Things (IoT) innovation hub . The collaboration will help establish the

    foundation for a new ecosystem to help Electronic System Design and Manufacturing (ESDM)

    companies and other companies of electronic city engage on IoT product development .

    29 Jun 6 Jul

    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  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

    11/12

    Reliance Industries to debut in e-commerce business with Mumbai grocery venture by year-end

    Grocery will be the sharp edge of Reliance Industries' e-commerce wedge. It plans to offer express

    deliveries of fresh fruit and vegetables to homes in Mumbai, making it the first such bid to bridge the

    last-mile connect by a large retailer. India's third most valuable company will make its debut in the e-

    commerce business with the Mumbai grocery venture by the year-end.

    Spencer's to add 80 hypermarkets, mulls IPO next year

    Over the next four years, Spencer's will invest at least Rs 250 crore to add 80 hypermarkets across the

    country. The investment is likely to be financed through an IPO sometime next year. Speaking to TOI

    on Thursday, Spencer's Retail head Shashwat Goenka said Spencer's would grow aggressively in the

    next four years, taking the store count beyond the 200 mark from the current figure of 127.

    Canadian chain Pita Pit to open 50 stores in India

    Canadian quick service restaurant chain Pita Pit will open over 50 outlets in India over next five years

    to expand footprint in the northern and eastern regions to being with. "We are looking at opening 50

    plus Pita Pit outlets in the country in the five next years," Pita Pit India Chairman Pramod Dhawan

    Walmart begins biz-to-biz e-initiative in India

    Wholesale club members in Lucknow and Hyderabad can order products via their website which will be

    delivered to their homes WALMART READY Walmart is ready for selling products to India's consumers

    whenever the govt allows foreign participation in e-commerce business. WalmartLabs is ready with the

    tech for e-commerce push in India

    29 Jun 6 Jul

    http://economictimes.indiatimes.com/industry/services/retail/reliance-industries-to-debut-in-e-commerce-business-with-mumbai-grocery-venture-by-year-end/articleshow/37489411.cmshttp://economictimes.indiatimes.com/industry/services/retail/spencers-to-add-80-hypermarkets-mulls-ipo-next-year/articleshow/37824096.cmshttp://economictimes.indiatimes.com/industry/services/retail/canadian-chain-pita-pit-to-open-50-stores-in-india/articleshow/37447196.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/flipkart-to-tie-up-with-different-manufacturing-clusters-move-aimed-at-bringing-more-sellers-on-board/articleshow/36898772.cmshttp://economictimes.indiatimes.com/industry/services/retail/flipkart-to-tie-up-with-different-manufacturing-clusters-move-aimed-at-bringing-more-sellers-on-board/articleshow/36898772.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/walmart-begins-biz-to-biz-e-initiative-in-india/articleshow/37574890.cmshttp://economictimes.indiatimes.com/industry/services/retail/canadian-chain-pita-pit-to-open-50-stores-in-india/articleshow/37447196.cmshttp://economictimes.indiatimes.com/industry/services/retail/spencers-to-add-80-hypermarkets-mulls-ipo-next-year/articleshow/37824096.cmshttp://economictimes.indiatimes.com/industry/services/retail/reliance-industries-to-debut-in-e-commerce-business-with-mumbai-grocery-venture-by-year-end/articleshow/37489411.cmshttp://economictimes.indiatimes.com/industry/services/retail/reliance-industries-to-debut-in-e-commerce-business-with-mumbai-grocery-venture-by-year-end/articleshow/37489411.cmshttp://economictimes.indiatimes.com/industry/services/retail/reliance-industries-to-debut-in-e-commerce-business-with-mumbai-grocery-venture-by-year-end/articleshow/37489411.cmshttp://economictimes.indiatimes.com/industry/services/retail/reliance-industries-to-debut-in-e-commerce-business-with-mumbai-grocery-venture-by-year-end/articleshow/37489411.cmshttp://economictimes.indiatimes.com/industry/services/retail/reliance-industries-to-debut-in-e-commerce-business-with-mumbai-grocery-venture-by-year-end/articleshow/37489411.cms
  • 8/10/2019 Week That Was - 29th Jun - 6th Jul

    12/12

    Idea Cellular joins hands with Opera Software, Quikr to offer sponsored data usage plans

    Idea Cellular joined hands with Opera Software and Quikr to offer sponsored mobile data through

    'Sponsored Web Passes. The tri-partnership is aimed at enabling more Indians to get online and

    experience internet on their mobile phones, the first such initiative in South Asia

    ITI wins two BSNL advance purchase orders for Rs 2,984

    ITI Limited has bagged two advance purchase orders from BSNL amounting to Rs 2,984 Crore. The

    orders are part of Network For Spectrum (NFS) project for establishment of Optical Fibre Network

    throughout the country. ITI is the only Central Public Sector Undertaking to bag two packages out of

    seven packages for NFS tender against stiff competition from multiple players

    Sterlite tech bags Rs 1950 crore contract from BSNL

    Vedanta group company Sterlite Technologies have collectively secured nearly Rs 1,950 crore worth of

    contracts from BSNL. The company will be involved in supplying and handling deployment of an optical

    fibre cable backbone for a mega telecom network that BSNL is building for India's armed forces

    Department of Telecom rejects TRAI objection to Bharti-Loop deal

    DoT has rejected the sector regulator's objections to a deal which will see Bharti Airtel take over Loop

    Mobile's subscribers and passive infrastructure, saying the agreement doesn't violate any rules,

    including those on mobile number portability (MNP). TRAI had recently written to DoT, saying the

    agreement between the two companies implies that subscribers will be ported out involuntarily

    29 Jun 6 Jul

    http://economictimes.indiatimes.com/industry/telecom/idea-cellular-joins-hands-with-opera-software-quikr-to-offer-sponsored-data-usage-plans/articleshow/37700966.cmshttp://economictimes.indiatimes.com/industry/telecom/iti-wins-two-bsnl-advance-purchase-orders-for-rs-2984-crore/articleshow/37574003.cmshttp://economictimes.indiatimes.com/industry/telecom/sterlite-tech-bags-rs-8000-crore-contract-from-bsnl/articleshow/37568048.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/telecom/department-of-telecom-rejects-trai-objection-to-bharti-loop-deal/articleshow/37566678.cmshttp://economictimes.indiatimes.com/industry/tel