1, Apple Inc. (AAPL) will pay its first dividend in 17 years and buy back $10 billion in stock, heeding investors who urged it to return part of the $97.6 billion in cash amassed by robust demand for iPhones and iPads.
2. Starbucks goes natural, opens first Evolution Fresh juice store
Starbucks Coffee Co.’s foray into juice is bearing fruit (and vegetables), with its first Evolution Fresh store now open and selling “wholesome products” in Bellevue, Wash.
http://www.latimes.com/business/money/la-fi-mo-starbucks-evolution-fresh-20120319,0,7153835.story
3. Jet Airways discontinues JetLite, merges with JetKonnect
As part of a strategic rebranding and restructuring exercise announced last July, the country's largest airline Jet Airways today said, effective March 25, its low-cost arm JetLite will cease to operate, after being merged with the other no-frills brand JetKonnect.
4. Unibic sale won't impact India operations: Nikhil Sen, Managing Director, Unibic Biscuits India. last year private equity firmLazard bought into Unibic India by snapping up the shares that were owned by Unibic Australia.Unibic Biscuits India's other investors include Lighthouse Capital besides Sen. The company only pays a nominal royalty to Unibic Australia for use of the brand.
5. Rio Tinto is gearing up to develop India's second diamond mine in Bundelkhand (Chhatarpur, Madhya Pradesh)
6. Kevin Rose, the founder of Digg.com to be hired by Google.
Photographer: David Paul Morris/Bloomberg
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