Monday, May 19, 2008

25 Business Capsules


Date: 19th May, 2008.


1.Hyundai is planning to launch a new car which will be priced at $ 3500 in the Indian market by 2012.

2. Indian car dealers have decided to sell different brands of car under a single roof.

3. This new multi-branded retail outlet for cars will come up in Bangalore; however government approval is awaited.

4. Audi is expecting to sell 1000 units in India in 2008.

5. Audi, a German car, is sold in India in Gurgaon, Delhi, Bangalore, Mumbai, Hyderabad and Pune.

6. General Motors is planning to enter into used car market segment in India.

7. At present the used car outlets in India are Maruti True Value, Honda Terrace, Ford Assured and Hyundai Exchange.

8. Indica V2 Xeta LPG has been launched by Tata Motors which is India’s largest automobile company in the Indian market.

9. Tata Motors revenue in the year 2006-07 was $ 7.2 billion.

10. Department of Telecom (DOT) of India has directed the service provider to provide all the details of the value added services 15 days prior to launch.

11. DOT wants Tata Teleservices Maharashtra Ltd. to pay a penalty of Rs. 2015 crore for defaulting on payment of license fee.

12. 73.21 % stake has been acquired by HSBC group in IL&FS Investsmart Ltd.

13. The deal was worth $ 261 million.

14. OnMobile Global Ltd has decided to buy French Company Telisma SA.

15. OnMobile provides data solutions and VAS for landline, mobile and media service providers.

16. Yahoo has signed a deal with WPP group for advertisement partnership.

17. Despite soaring fuel prices British Airways net profit has doubled; this is due to the cost cutting measures adopted by BA

18. Indian Railways has decided to spend Rs 2 lakh crore in the 11th plan for capacity augmentation, modernization and completion of new projects.

19. Export duty on Basmati Rice in India hits the exporter.

20. 6.25 lakh tonnes of Basmati Rice is imported by Saudi Arabia; India supplies 5.75 lakh tonnes of basmati to Saudi Arabia.

21. Government of India is planning to issue more oil bonds.

22. State of Orissa (India) is aiming to collect commercial taxes worth Rs 6100 crore during the current fiscal year.

23. During 2007-08 the Orissa govt. collected taxes worth Rs 5222 crore.

24. Tourism industry in Orissa is flourishing; during 2007 about 62, 53,897 tourists came to the state.

25. Out of these 43,311 were foreigners.


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

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