SpiceJet extends Rs 1,999 monsoon offer pan-India
Budget carrier SpiceJet on Tuesday extended its special monsoon fare offer with a starting ticket price of Rs 1,999 (all inclusive) pan-India, a day after the newly-launched AirAsia India announced Kochi as its third destination in the network at an all inclusive fare of Rs 500.The offer is applicable to airline’s all domestic destinations, including Mumbai, Delhi, Kolkata and Chennai, a company official said.The bookings under the extended offer can be made from June 17 to June 19 with a travel period validity starting from July 19 and lasting up to September 30, 2014, the company said.
Companies Act: Sitharaman to meet stakeholders on Jun 21
To discuss issues related to the new Companies Act, Minister of State for Corporate Affairs Nirmala Sitharaman is likely to meet stakeholders, including industry groupings, on June 21.The meeting comes against the backdrop of demands from various quarters seeking relaxations and possible changes in the new Companies Act, many of whose provisions came into force from April 1 onwards.Sources said that Sitharaman is expected to meet stakeholders to discuss issues related to implementation of Companies Act, 2013, on June 21. Industry groupings and various other stakeholders have been invited for the meeting, they added.
Sebi issues new norms for public issuance of debt securities
Market regulator Sebi on Tuesday issued new norms for public issuance of debt securities under which such offers have to be of minimum Rs 100 crore, while issuers would need to make additional disclosures and attain atleast 75 per cent subscription.The Securities and Exchange Board of India (Sebi) said that the entities coming out with public issue of NCDs would have to provide granular disclosures in their offer document, with regards to the “object of the issue”
Hero MotoCorp plans 6th plant, scouts for site in South India
India’s largest two-wheeler maker, Hero MotoCorp, plans to set up a plant in South India, its sixth overall, to cater to the domestic market and take its overall annual capacity to 12 million units.
“We are looking to set up a plant in South India. It will be utilised to service the market there. We are scouting for land at the moment,” Hero MotoCorp Manging Director and CEO Pawan Munjal told the news agency. He, however, did not share the details regarding the timeline for the completion as well as the location of the plant.
Toshiba aims to be among top 3 in PC market in India
Aiming to be among the top 3 tech players in India, Japanese giant Toshiba today unveiled a range of devices, foraying into newer segments like 2-in-1s (tablet-cum-notebooks) and workstations, and launched the world’s first ultra HD 4K laptop in India.”The Indian market itself has a lot of potential, it is still an under-penetrated market. These new innovations will help us expand our presence and market share to double digits. We aim to be among the top three players this fiscal (by March 2015),”said Toshiba Country Head India (DS Division) Sanjay Warke.
Nirmala discusses IPR related issues with officials
Amidst the US targeting India’s intellectual property rights regime, Commerce and Industry Minister Nirmala Sitharaman on Tuesday discussed various IPR related issues with her officials. “Was briefed on intellectual property rights (IPR) matters, including developments in IP offices. Data exclusivity, patentability criteria, US special 301 process discussed,” Sitharaman said in her tweet.