25 Business Capsules

Date: 13th May, 2008

1. Essar Global Ltd, an India based company, to invest $ 2 billion in power projects in India.

2. Essar is planning to build 6000 megawatts power plant in India.

3. Nissan will launch 8 new models in Indian market by 2012.

4. Nissan which is the third largest automaker of Japan is planning to sell 100,000 vehicles in India annually.

5. Besides government pressure to cut prices, cement companies in India has been hit by sharp increase in raw material costs according to Assocham.

6. Fuel cost and power cost, which constitutes 60 percent of the operating expenditure of cement firms, has increased by 24 percent according to Assocham.

7. Venugopal Dhoot is the president of Assocham.

8. Arvind Mills Ltd of India will now be known as Arvind Ltd.

9. Arvind Mills which belongs to Lalbhai Group is Ahmedbad based.

10. The company was established in 1931.

11. Domestic Brands of Arvind Mills are:

· Flying Machine
· Newport
· Excalibur
· Ruf & Tuf

12. It has also got license for international brands like:

· Lee
· Wrangler
· Arrow
· Tommy Hilfiger


13. At present about 6.5 lakh people travel by Delhi metro daily.

14. The number of people traveling by metro will increase to 20 lakh by 2010.

15. Tokens have been provided to the commuters by Delhi Metro Rail Corporation (DMRC).

16. Initially tokens were brought from France at the cost of Rs 98 each; now the tokens are produced in India at the cost of just Rs 20.50 each.

17. ICICI, an Indian bank, has decreased EMI (Equated monthly installment) on home loan and has increased the tenor for the payment of the loan.

18. The new EMI will be applicable from April 2008 according to the bank.

19. Ashok Leyland of India has entered into an agreement with JBM Auto, a component maker firm.

20. Both the companies will be investing Rs 100 crore to set up a manufacturing unit in Uttrakhand.

21. JBM will have 74 5 stake while Ashok Leyland will have 26 % stake.

22. SpiceJet of India has decided to start cargo operations.

23. Initially the operation will begin in 8 cities which will be later increased to 18.

24. 118 flights are daily operated by SpiceJet covering 18 destinations.

25. Government of India has decided to allocate Rs 40,000 crore for the implementation of e-governance in the country, Union IT and Communication Minister A Raja said on Monday.

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