25 Business Capsules

Date: 27th May, 2008

1. Iran may increase the production of oil to 4.3 million barrels per day by next year March.

2. Currently Iran produces 4.2 million barrels per day.

3. Among the Organization of Petroleum Exporting countries (OPEC), Iran is the second largest producer.

4. At present Iran’s reserve oil is 136 billion barrels.

5. India’s Videocon in talks with Motorola, a US based company, to acquire its mobile handset business.

6. Motorola’s handset business has about 15 % market share worldwide.

7. Motorola’s handset business is considered to be worth $ 3.8 billion.

8. Videocon is planning to launch its telecom services in India in a big way; it has already got license to operate in 22 circles in India.

9. Videocon will launch its service through its subsidiary Datacom.

10. The company wants to have over 10 % market share in India in the next five years.

11. India’s Communication minister A Raja has said that the foreign players will be allowed in the 3G auction.

12. Trai had previously opposed the move to allow the foreign players in 3G auction.

13. Moser Baer has suffered a net loss of Rs 78.90 crore in the fiscal year 2007-08 which ended on March 31st.

14. Moser Baer, an optical storage device manufacturing company, had posted a net profit of Rs 109.78 crore last year.

15. As per the survey done by Assocham and PricewaterhouseCoopers India’s telecom services will have revenue worth $ 35 billion by the year 2010.

16. The Indian telecom sector had revenue worth $22 billion in 2007.

17. India is the 2nd biggest wireless market of the world.

18. Spice Communications is planning to invest around $200-$300 million in India.

19. At present Spice Communications operate in two circles-Punjab and Karnataka- and expects to start its operation soon in Andhra Pradesh.

20. Spice has got license to operate in six circles but due to unavailability of spectrum the company is facing difficulty in starting operations.

21. Spice’s subscriber base on March 31st 2008 was 4.2 million.

22. Telekom Malaysia has 39.2% stake in Spice Communications.

23. Koita Manufacturing Co is in talks with Tata Motors to get contract for manufacturing the headlight of Nano, Tata’s 1 lakh rupee car.

24. Koita is the biggest manufacturer of headlamps in the world.

25. According to a report published by HSBC, rupee’s fall down against the dollar is due to increasing trade deficit which have occurred because of steep rise in the crude oil prices.