Monday 12 October 2015

Market News Updates 13 Oct. 2015

Amazon, Flipkart, Snapdeal sales flout FDI norms: CAIT: 

"These companies solicit general public into their respective sales by big advertisement campaign on print, electronic and social media... the advertisements addressed to the public in general tantamount to retail trading,

Reliance Capital gains 3%, Nippon Life ups stake in Rel AMC: 

"Nippon Life Insurance (NLI) today has signed definitive agreements to increase its stake in Reliance Capital Asset Management (RCAM) to 49 percent from existing 35 percent in tranches," the Anil Dhiribhai Ambani Group company said in its filing.

Lalu Prasad front has no moral right to seek votes: PM Modi: 

PM Modi dubbed the sacking of Bihar excise and prohibition minister Awadhesh Prasad Kushwaha as the Mahagathbandhan's 'tribute' to JP.

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