12-02-2016, 04:27 PM
August 1: Betting big on the government‘s reforms agenda, overseas investors have poured in more than USD 5 billion in the Indian market so far this month taking the total inflow to over USD 25 billion since January 2014.
August 1: The soon-to-be-turned private bank IDFC will be headed by its current Executive Chairman Rajiv Lall. Subject to RBI approval, Rajiv Lall will be the Managing Director and Chief Executive Officer of IDFC Bank, which is expected to be formed by October 2015.
August 1: Large public companies can now appoint an individual as the Chairperson as well as Managing Director or chief executive officer at the same time. Note: This dispensation will be available for public companies with a paid-up capital of Rs. 100 crore or more and an annual
turnover of Rs. 1000 crore or more, the corporate affairs ministry has said.
August 1: The Federal Reserve is cutting its monthly purchases of Government-linked bonds to $25 billion, down from the $35 billion level set at the central bank‘s last meeting in June.
August 1: Drugmaker Cipla has entered into a commercial collaboration with BioQuiddity Inc for BioQuiddity‘s OneDose ReadyfusOR anaesthetic applications for post-surgical pain management.
Note: The agreement covers the European Union and other countries in the region, Cipla said.
August 2: SBI Caps (the investment banking arm of State Bank of India) has been asked by the Finance Ministry to undertake a study on the merger and recapitalisation of banks
August 3: The Central Bureau of Investigation has registered a case of alleged bribery against the Chairman & Managing Director of Syndicate Bank Sudhir Kumar Jain.
August 8: Vidyo, Inc., a visual communications solutions provider has been selected by IndusInd Bank, one of the fastest growing new-generation private sector banks in India for Video Branch, a mobile and desktop-based banking service being deployed across the country