Friday, May 23, 2008

25 Business Capsules


Date: 23 rd May, 2008

1. Wheat procurement for the year 2008-09 (May 15, 2008) in India was 19.55 million tonnes.

2. During this period wheat procurement from Punjab was highest (9.7 million tonnes) followed by Haryana (5.16 million tonnes).

3. In the year 2007-08 the total wheat procurement in India was 11.13 million tonnes.

4. Vietnam is the world’s second largest exporter of rice.

5. $42 million agreement has been signed by India with United Nations Industrial Development Organisation (UNIDO) for the production of industrial units in an environmentally friendly manner.

6. The state of Kerala (India) has decided to set up hyper market in the state.

7. The cost of setting hyper market will be around Rs. 6.50 crore.

8. Hyper market will be set up at Ernakulam, Thiruvnanthapuram, Thalassery and Kottayam.

9. Telecom Regulatory Authority of India (Trai) is in favour of Mobile Virtual Network Operators (MVNO) services in India.

10. The controversy regarding MVNO started when Tata Teleservices and Virgin group entered into a Joint Venture wherein Tata Teleservices started offering services under the brand name of Virgin.

11. The public sector oil companies in India want to stop all new connections of (Liquefied Petroleum Gas) LPG.

12. Pidilite Industries is looking for acquiring majority stakes in the US and European countries.

13. CavinKare, a Chennai based FMCG company, is looking for acquisition of small food companies.

14. CavinKare had acquired Maa and had entered into the packaged fruit juice market.

15. Rising crude oil prices have forced Indian Oil Corporation (IOC) to reconsider its investment plan.

16. At present IOC is suffering a loss of Rs. 300 crore daily.

17. The loss in prices due to subsidy provided by the Indian government in the prices of diesel, petrol and kerosene.

18. At present there is a borrowing limit of Rs 50,000 crore for the oil companies from bank.

19. IOC has till date borrowed Rs 35,000 crore from banks.

20. Kabul is planning to ask for $50 billion at a conference in Paris for reconstruction in the next 5 years.

21. Japan’s GDP grew by 3.3% this quarter up from 2.6 % in the last quarter.

22. ArcelorMittal reported an increase of 5.4 % in its net income in this first quarter of 2008.

23. Lakshmi Mittal has become the chairman of ArcelorMittal after the retirement of Joseph Kinsch.

24. Lakshmi Mittal has the highest stake of 45 percent in ArcelorMittal.

25. The edible oil import in India has increased by 31% during November-April period.


Website: http://www.ebiz16c.blogspot.com

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