Stock Watch

Golfer Jeev Milkha Singh, who has been India's top most proficient golfer, has been signed as the brand ambassador of the Swedish luxury carmaker Volvo Auto India. When Volvo is aiming to sell more than 1200 cars in India in the year 2013; with the backing of Jeev Milkha Singh, the brand is looking forward to have more than 100% results.

Audi India market becomes stronger as compared to last year, reveals the recent reports that mention the sales of the vehicle up by almost 10 percent in March.

According to the recently released statements from the company, it got confirmed that the sales of Audi's vehicles have grown big in India. Figures show that a rise of 15 percent has been noticed, which calculates the sales to be
2,616 vehicles during the first three months of 2013 (last year, the sales were 2,269 units during the same period (to compare))

ISRO is performing well towards its plans of launching its first privately built PSLV in next five years. This launch will help the organization rope in the industry in its activities, believe experts.

According to latest confirmations, ISRO (the Indian Space Research Organization) has already started its workings towards its aim of the privately built PSLV launch. Moreover, there are reports that the organization has started off with the production of communication satellites and polar satellite launch vehicles (PSLVs) to the industry too.

A retrace of prices of gold has now pleasantly been witnessed after the market saw a recovery of Rs 30,000 per ten gram levels. Bullion market has called it a strong come-back for gold.

Reports have revealed that there is a rise in gold prices by Rs 470 to Rs 30,030 per ten gram. Silver has seen an increase of Rs 800 to Rs 52,400 per kg. After a ten-month low, gold has again seen a surge.

A number of changes have been included in the revised consolidated FDI guidelines. It has been said that the government has revised the FDI guidelines in order to simplify them.

Some of the many changes that have been included in the FDI are information about the inflow of multi brand inflow, approval for Pakistan nationals and businesses to invest in the country. Alterations in the single brand retail sector have also been introduced; civil aviation, broadcasting and power exchanges have also been made in the revised guidelines.

Government of India has come up with a policy of partially decontrolling the sugar sector. According to the government, sugar sector will find a rise on its profits with this maneuver.

This policy also carries a point that analysts' belief has to be considered. Sugar prices will be thoroughly market driven and also quite similar to the making petrol prices free from price controls. This implies that the in a period of deficit production levels, prices would spurt. Consumers would be paying low price for sugar bought in the ration shops.

The income-tax department has slapped two Aditya Birla group companies with a tax demand order of Rs 3,900 crore over demerger of telecom business that took place nearly four years back.

In 2009, Aditya Birla group demerged its telecom business into two companies, viz. Idea Cellular and Aditya Birla Telecom. The income tax department is now treating the transfer of assets, licence and liabilities from Aditya Birla Telecom to Idea Cellular as a slump sale, which is taxable.

Infosys Technologies Ltd Co-Founder & Executive Co-Chairman Kris Gopalakrishnan has succeeded Godrej Group Chairman Adi Godrej as the President of the industry body Confederation of Indian Industry (CII).

A Padma Bhushan recipient and alumni of IIT, Mr. Gopalakrishnan along with Mr. Narayana Murthy and five others, founded Infosys in the year 1981. His initial responsibilities included the management of design, development and implementation of information systems for clients in the United States.

To bare the debts of company, DLF, India's largest real estate firm, has signed definitive agreements according to which it will sell its assets of wind power present in Tamil Nadu and Rajasthan. The company gave a statement that - the transactions are in line with the DLF's objective of divesting its noncore assets.

Myntra - the online fashion and lifestyle products retailer said in a statement that it has acquired FITIQUETTE - San Francisco-based technology platform provider. Though, Myntra has not disclosed the amount yet, but said that the acquisition was partly done by cash and partly done by stock. The company is of the view that technology innovation offered by FITIQUETTE will be able to solve issue of online shoppers related to size and fit.