1. Uninor appoints Yogesh Malik and the new CEO
“Norwegian telecom major Telenor's Indian arm Uninor today announced the appointment of Yogesh Malik as the firm's Chief Executive Officer (CEO).
The company added that Managing Director Sigve Brekke will step down as MD, but will continue to be responsible for all of Telenor affairs in India as the Head of Telenor Group's Asian operations.”
2. Mercedes Benz to introduce five new models in India.
The company is all set to launch a diesel version of its B-Class , the new A-Class as well as the GL-Class over the next one month with the compact SUV GLA and 4-door coupe.
3. Honda Car India asked to pay a excise duty of 164 crores
The Central Boad of Excise and Customs has claimed that Honda Car India ought to have paid excise duty on the actual cost of production of the car and not on the discounted price.
These discounts were offered on Honda Brio and Honda Jazz.
4. Apple to Samsung Develop Smartwatch as Sony’s Time Passes
With growth slowing in the $358 billion handset market, Apple Inc. (AAPL) and Samsung Electronics Co. (005930) are developing digital watches that allow users to make calls, check map coordinates, or monitor their physical activity.
They might want to talk to Tokyo-based Sony Corp. (6758), whose feature-laden SmartWatch, on sale for more than a year, isn’t mesmerizing the masses.
In other news:
Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed.
Restaurants step up deals & discounts as footfalls drop after rise in menu rates
Consumer is the king: Supreme Court clears hurdles for FDI in retail
Asian Development Bank’s advisory for delegates visiting Indian for the annual meeting:
http://www.bloomberg.com/news/2013-05-02/unilever-wagers-billions-on-india-economic-revival.html
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