Pgc newsletter 13 th august, 2014

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Pgc newsletter 13 th august, 2014

  1. 1. PGC NEWSLETTER 13TH AUG, 2014 1 PGC NEWSLETTER 13TH Aug 2014 THOUGHT OF THE DAY “THERE ARE ONLY TWO WAYS TO LIVE YOUR LIFE. ONE IS AS THOUGH NOTHING IS A MIRACLE. THE OTHER IS AS THOUGH EVERYTHING IS A MIRACLE.” SEBI/COMPANIES UPDATES • Companies who have not filed their annual reports, financial statements and related documents due for filing on or before 30/06/2014 can file these documents before 15/10/2014. • 2G scam Fresh probe by CBI into Tata-Unitech deal, The Central Bureau of Investigation (CBI) has started a fresh inquiry into the Rs 1,700-crore land deal between Tata Realty and Unitech in 2007. • The country's largest lender SBI today said it has launched a Hindi version of its mobile application 'State Bank Anywhere'. • Wipro believes it has turned the corner in engaging with customers in the insurance vertical and its renewed focus on disruptive technologies should help it climb up the pecking order in the banking, financial services and insurance space, which will see $7 billion (Rs 42,000) of contracts up for renewal by the end of the 2014. • The new norms which will be effective from October 1, 2014, capped the number of boards an independent director can serve at seven; enhanced disclosure of remuneration policies. • CBI's probe in the Syndicate Bank bribery scandal is opening up new threads. The agency has got some clues which suggest that there were anomalies in the selection process of chairman and managing directors of public sector banks during the UPA government RBI / TAX LAW UPDATES • RBI/2014-15/174 DNBS.CC.PD.No. 405/03.10.01/2014-15, Appointment of Non- Deposit Accepting NBFCs with asset size of `.100 crore and above as sub- agents under Money Transfer Service Schemes (MTSS). • RBI/2013-14/172 A.P. (DIR Series) Circular No.20, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR. Historical Events on 13th August • 1996 - Microsoft releases Internet Explorer 3.0. MARKET UPDATES SENSEX 25,891.88 11.11 CNX NIFTY 7,731.95 4.90 DOLLAR/ RUPEE 61.24 - 0.15 MCX SILVER 43,748.0 0.08 MCX GOLD 28,681.0 - 49.0 MCX CRUDE OIL 5,955.0 - 0.43 Dow Jones Industrial Average 16,561.0 - 9.0 Nasdaq Composite 4,389.0 - 12.0 WWW.PROGLOBALCORP.COM

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