World Last Week: 16 June’14- 23 June’14


In case you missed it, we bring it for you. Have a glance of the last week highlights:

  • Government clears investment hurdles, gives go ahead to seven big-ticket projects worth Rs 21,000 crore

Of these 7 projects, some had been held up for periods due to hurdles ranging from environmental issues to financing problems.

  • Rail passenger fares hiked by 14.2%, freight rates by 6.5%

The hike is effective from June 25 and will also apply to tickets purchased in advance for journeys commencing on or after that date.

  • 10 stocks poised to fly high on government’s smart city plan

The market is excited about the NDA government’s plan to develop 100 new smart cities as it could increase`demand for other industries.

  • Chandrababu Naidu seeks Microsoft CEO Satya Nadella’s help to develop Anantapur as IT hub

Naidu spoke to Nadella urging him to plant the Microsoft flag in Andhra Pradesh, assuring him of all the help he needs.

  • More new graduates help TCS save on staff costs; among lowest in industry

The focus on new hires has allowed TCS to earn the fattest margins in software industry and also have considerable flexibility on deploying its resources.

  • Swiss govt prepares list of Indians with suspected black money

Switzerland has prepared a list of Indians suspected to have stashed un-taxed wealth in Swiss banks and the details are being shared with Indian government.

  • E-tailers like Flipkart, Snapdeal, Jabong and others to hire 60,000 this year

The likes of Flipkart may be at odds with rivals on whether or not to allow FDI, but they are on the same page in anticipating an inflection point for the sector.



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1 Comment on "World Last Week: 16 June’14- 23 June’14"

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