Cyrus Mistry's appointed Deputy Chairman of Tata Sons -To take responsibility on Ratan Tatas retirement -Cyrus Mistry to takeover as group head by December 2012
Vikram Akula steps down from SKS Microfinance board -Ph Ravi Kumar to take over as interim non-executive chairman SKS Microfinance says -Vikram Akula's resignation voluntary, no pressure from board -No severance package given to Vikram Akula -Vikram Akula has signed non-compete agreement
RBI -Hikes rates on non-resident (external) rupee deposits -Hikes rate on foreign currency non-resident (banks) deposits -NRE deposit rate for 1-3 years not to exceed LIBOR +275 bps -Caps FCNR deposit rate on all tenures at LIBOR +125 bps -FCNR deposit rate cap was at LIBOR +100 bps earlier
Other stocks and sectors that are in news today: -Govt to discuss adjournment motion on Black Money today (two days of winter sessions already adjourned): Sources -Cabinet to consider FDI in multi-brand retail today -SBI announces waiver of pre-payment penalty charges on home loan - ET -Indraprastha Gas (IGL) looking to acquire BG's 49.75% stake in Mahanagar Gas - ET -Severstal, NMDC to ink JV for USD 3 billion steel plant in Karnataka - ET -GMR Infra promoters pledge additional 3.05 crore shares -Amtek India board approved 1:1 bonus issue -Indowind Energy promoters acquires additional 1% stake, up stake to 31.41% -F&O Ban: Gitanjali Gems, Ruchi Soya, Suzlon
