Review of Top Business News

1. Wynn Telecom to set up mobile handset unit in HP

SAR Group will be infusing Rs 500 crore in its recently launched mobile handset manufacturing business over the next two years. Of this, Rs 270 crore will be spent on setting up a mobile handset manufacturing unit at Baddi, which will be commissioned by next year.

2. Parkway shareholders favour Khazanah’s bid

Malaysia's Integrated Healthcare Holdings Ltd today said 70 per cent eligible shareholders of Singapore-based hospital group Parkway have voted in favour of its takeover offer, dealing a blow to the acquisition bid of India's Fortis Healthcare.

3. Reckitt to buy SSL Intl for £2.5 bn

Global household and personal care products major Reckitt Benckiser will buy the England-based SSL International, the makers of Durex condoms, in an all-cash deal worth £2.54 billion.

4. Toyota rolls out diesel variant of Altis

Looking to tap the vast diesel engine market in the country, the world's largest carmaker, Toyota, today launched the diesel version of its premium sedan Corolla Altis priced between Rs 10.95 lakh and Rs 13.75 lakh.

5. India keen to buy BP’s assets in Vietnam

With BP Plc looking at selling interest in some fields to fund its the Gulf of Mexico oil spill liability, India is pitching for buying the British energy giant's stake in the $1.3 billion Nam Con Son gas project in Vietnam.

6. Pension scheme for poor soon, says PFRDA

The interim pension regulator PFRDA today said it would soon launch a new scheme, NPS Light, for the economically deprived sections of the society which will entail an annual contribution of just Rs 1,000. Link

It also aims at harnessing the outreach and capacity of the Government operated schemes, NGOs, MFIs, NBFCs among others in targeting and servicing the old age savings needs of low income workers link


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Accounting Education: Review of Top Business News
Review of Top Business News
Accounting Education
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