25 Business Capsules

Date : 14th May, 2008

1. 1.6 billion People across the world have no access to electricity.

2. 2.5 billion People across the world still rely on traditional biomass for cooking.

3. Maruti Swift sales crosses 2 lakh in just 36 months in India.

4. Swift was launched by Maruti Suzuki on May 25, 2005 in India

5. Initially Swift’s petrol variant was launched, the diesel variant was launched in January 2007.

6. Reliance Retail and Citibank to form an alliance for consumer finance in India.

7. At present Reliance Retail has more than 1000 store all over India.

8. Bharti Airtel of India is planning to enter into an alliance with Cisco for services.

9. Reliance and Alcatel-Lucent have formed a Joint Venture (JV) to offer managed network services to both the national as well as international telecom operators.

10. Alcatel-Lucent is a French-US equipment firm.

11. According to Gartner network IT services will be worth $ 7 billion by 2011in India.

12. To lower cost Japan Airlines Corp (JAL) is planning to cut its employees salary by 5 percent.

13. Cutting of salary by 5 percent will help JAL to save $96.4 million.

14. By revenue JAL is Asia’s biggest airline company.

15. Money assigned for IPO will now remain in investor’s bank account in India.

16. Thus the investors will no longer have to wait for the refund of their IPO money.

17. Finance Ministry of India will be issuing bonds to cover the 50 percent losses suffered by the Public Sector oil marketing companies (OMCs).

18. OMCs of India are: Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation.

19. The losses suffered by OMCs in India are:

· Rs 14 per litre on petrol

· Rs 21 per litre on diesel

· Rs 306 per cylinder on cooking gas

· Rs 28.72 per litre on kerosene.


20. Mahindra & Mahindra is planning to purchase Kinetic Motors.

21. Kinetic Motors is a Pune (India) based two wheeler manufacturer.

22. Kinetic Motors has been valued at Rs 150 crore; however both the companies declined to confirm the news.

23. India is world’s second biggest two-wheeler industry; the first being China.

24. Tata’s Nano which is priced at $ 2500 is expected to be a threat for the auto manufacturers of North America.

25. ICICI bank of India is planning to set up a branch in Canada.


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