1. Infosys Technologies founder Narayan Murthy-owned Catamaran Ventures and Nexus Venture Partners have picked up 20 per cent stake in Bigshoebazaar India Pvt Ltd that sells apparel, shoes and accessories online for Rs 40 crore.
(source: http://www.indianexpress.com/news/narayan-murthy-buys-bigshoebazaar-stake/820551/)
2. The maiden flight test of ‘Prahaar’ developed by the Defence Research and Development Organisation (DRDO) successful.
3. The Cabinet approves a new Benami transactions (Prohibition) Bill 2011 to replace the existing Benami Transactions (Prohibition) Act, 1988.
4. Walmart and other retailers are teaming up with First Lady Michelle Obama to bring nutritious foods to the country’s “food deserts.”A food desert is a district with little or no access to foods needed to maintain a healthy diet but often served by plenty of fast food restaurants” (wikipedia)
5. Apple’s shares touch an all time high of $405. Has cash reserves of $76.2 billion USD.
