25 Business Capsules

Date: 30 th May, 2008

1. Vodafone’s revenue in India has increased by 50% in the fiscal year 2007-08.

2. Vodafone’s revenue for the fiscal year 2007-08 which ended in March was Rs 15,288.3 crore.

3. However Bharti Airtel’s & Reliance Communications revenue was higher than that of Vodafone.

4. Bharti Airtel’s revenue for the given period was Rs 27,025 crore & that of Reliance Communications was Rs 18,827.4 crore.

5. Vodafone’s global operation has grown by a margin of 14% during this particular period.

6. India at presents accounts for 5% of Vodafone’s global revenue.

7. Vodafone’s subscriber base till March 31st 2008 was 44.1 million.

8. At present this UK based mobile company is adding 1.5 million subscribers per month in India.

9. The subscriber base of Airtel during the given period was 64.3 million & that of Reliance communication was 45.8 million.

10. Mahindra & Mahindra of India is planning to invest about Rs 2000 crore in its automobile business.

11. Nissan Motor and Ashok Leyland have decided to invest $575 million in their three joint venture companies.

12. Earlier (7 months back) both the companies had decided to invest $500 million.

13. The three joint ventures are in-manufacturing vehicle, technology development and the manufacturing of powertrain.

14. Nissan is a Japanese automobile company.

15. India’s Tata Motors expect to complete the Land Rover and Jaguar deal by this years June.

16. Tata Motors had agreed to purchase both the companies for $.2.3 billion in March 2008.

17. Life Insurance Corporation (LIC) of India is planning to recruit 3 lakh agents.

18. LIC is the biggest insurance company of India.

19. Government of India has decided to relax the External commercial borrowing (ECB) norms; as per the new norm companies can now borrow up to $ 50 million.

20. For the infrastructure company borrowers the limit of ECB has been raised to $ 100 million.

21. Earlier the borrowing limit as per ECB norm was $ 20 million.

22. Telecom Regulatory Authority of India (TRAI) has decided to lay down norms for Value Added services (VAS) in India.

23. Currently 10%-14% revenue of telecom companies comes from VAS.

24. It is expected that within 5-7 years the revenue from VAS will cross 30%.

25. All non-voice services such as SMS, GPRS, entertainment, music and mobile commerce are classified as VAS.