25 Business Capsules

Date: 10th May, 2008

1. Kotak Mahindra Bank registered 86 % growth in its net profit in Q 4 in the fiscal year 2007-08.

2. Bharti Airtel’s move to acquire South Africa’s MTN has been supported by Makati family.

3. Makati family which has Mr. Najib Makati, Lebanese’s former Prime Minister, as one of its key members has a stake of 9.8 % in MTN.

4. Alpine Trust has a stake of 23 % in MTN.

5. Pension Fund of South African government has a stake of 13.5 % in MTN.

6. Bharti Airtel added 2.4 million new subscribers in India during April 2008.

7. With this Bharti Airtel’s total subscriber base reaches to 64.4 million in India.

8. Total number of new subscribers added by all the GSM players during April, 2008 was 6.14 million.

9. Tata Indicom, India’s telecom service provider has launched Walky Talky.

10. Walky Talky is stylish, is cordless and has been specifically designed for home phone users.

11. During this year Government of India has been able to procure 18 million tonnes of wheat till now.

12. 14.4 million tonnes of wheat have been procured from Haryana and Punjab.

13. British Airways has decided not to serve beef on its airplane as beef hurts Hindu’s religious sentiments.

14. India is the second biggest market for British airways.

15. Mars Inc will be taking over Wm Wrigley Jr Co, one of the world’s largest chewing gum maker companies, for $ 23 billion.

16. Berkshire Hathaway Inc will be investing $6.5 billion in this takeover bid.

17. Berkshire Hathaway is a $197 billion company.

18. Berkshire Hathaway has more than 70 businesses worldwide.

19. Warren Buffet, the founder of Berkshire Hathaway and the world’s richest man, feels that the US recession may be longer and deeper than expected.

20. America’s largest bank Citigroup has decided to shed assets worth $ 400 billion in next 3 years.

21. This will help Citigroup to boost its annual revenue by about 10%.

22. Citigroup has lost over $ 15 billion in the last two quarter of this year.

23. Citigroup has already cut 13,200 jobs this year and is planning to cut more jobs.

24. Citigroup has assets of $ 2.2 trillion and is present in 106 countries.

25. Vikram Pandit is the CEO of Citigroup.