G.k. business news (IIFT,SNAP,CMAT)-3
- WTO cuts 2013 global trade forecast to 3.3 %
global trade growth in 2013 to 3.3 per cent from 4.5 per cent and said trade grew only 2 per cent in 2012.
- IPL tickets in Chhattisgarh to be tax free
entertainment tax. The matches will be played at Naya Raipur on April 28 and on May 1.
- Mahindra Reva in tech tie-up with Vodafone
Services to provide machine-to-machine (m2m) communication services in Mahindra’s newly-launched
electric vehicle—the Mahindra e20. The tie-up makes the Mahindra e20 a truly ‘connected car’ and among
the few in the world to support telemarketing.
- Tata Steel merges two group companies with self
Tata Steel Ltd. (TSL) has announced the merger with itself of two group firms, the listed Tata Metaliks Ltd.
(TML) and the unlisted Tata Metaliks Kubota Pipes Ltd. (TMKPL),
- BHEL Ranipet ties up with Mitsubishi
with Mitsubishi Heavy Engineering Industries, Japan, for manufacturing and supplying flue gas desulpherisation
(FGD) system that removes sulphur dioxide from gases emitted by power stations.
- Fiat ends distribution pact with Tata Motors
India Private Ltd. (FGAIPL), will no longer be distributed by Tata Motors.
- TataComm bags $20 m deal from Mott MacDonald
partner for the next five years in a $20 million deal.
- Princeling’ banker to push BRICS Bank forward
than a decade, has been tasked with leading China’s planning and strategy in taking forward the BRICS
Development Bank project. Chen Yuan (68), who, as the head of the CDB for 15 years, oversaw a massive
expansion in the bank’s role in helping finance an infrastructure boom at home and a surge in Chinese
investments overseas, has given up his role as Governor of China’s fifth-largest bank.
- Heliconia to pick up 2.6 % stake in Kotak Bank for Rs. 1,296 crore
entered into a deal to pick up a 2.6 per cent stake in Kotak Mahindra Bank Ltd. (KMBL) for Rs. 1,296 crore.
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