25 Business Capsules

Date:9th May,2008

1. Inflation for the week ended April 26 is 7.61% in India.

2. Indian government is ready to take administrative measures to control inflation.

3. Despite inflationary pressure and monetary tightening measures, Indian economy is expected to grow around 8 % in the financial year 2008-09.

4. MS Swaminathan, a renowned agricultural scientist has said that if proper infrastructure is present then future trading in India could be beneficial for the farmers.

5. Crude oil price touches new high; it crossed $125 per barrel on 9th May 2008.

6. PSU oil companies in India can suffer revenue losses worth Rs 1, 80,000 crore in this fiscal year.

7. Reserve Bank of India (RBI) has sold bonds worth Rs 76 crore million rupees in the week which ended on May 2, 2008.

8. During the period RBI also purchased bonds worth Rs 14 crore.

9. Indian companies are planning to invest in the bio-fuel sector in South America.

10. Papa John’s, a pizza chain, has decided to open about 100 outlets in India

11. Papa John’s had opened its first outlet in 2006 and at present has 10 outlets in India.

12. Papa John’s is investing Rs 250 crore in India to expand its business.

13. Indian pizza market which is worth Rs 300 crore at present is estimated to touch Rs 1000 crore in the coming 4 years.

14. Total foreign exchange reserve in India till 25th April 2008 was $ 313 billion

15. India’s foreign reserve is the third largest in Asia.

16. Experts believe that instead of investing in low yielding US treasury bonds, India should invest its forex reserve in companies which would give better return.

17. China is investing $ 3 billion of its forex reserve in Blackstone, a private equity firm; Thailand and Malaysia are also considering investing their forex reserves in high profit yielding companies instead of US treasuries.

18. Increase in demand for oil in India and China is the cause for increase in oil prices all over the world according to United States of America.

19. Toyota Prius has topped this year’s (2008) Car Customer Satisfaction Index (CSI) in Britain and has been declared as the iconic car of Britain.

20. According to Forbes magazine of US, in terms of billionaire population Mumbai is the 7th largest city in the world.

21. However if the average wealth of all the billionaires are considered then Mumbai tops the list; the average net worth of all the billionaires of Mumbai are $7.6 billion.

22. Moscow is ranked number one as it has the highest number of billionaires.

23. Due to Aussie tour postponement Pakistan Cricket board have suffered losses worth Rs 84 crore.

24. DLF is planning to launch its IPO in Singapore in June this year (2008).

25. Airlines are planning to increase their fare due to high fuel cost; flying could become costlier by Rs 7,500 to US from India and if you are flying to Europe from India then the fare may go up by Rs 4000.