25 Business Capsules

Date: 12 th May, 2008

1. The fourth quarter net income of Reliance Energy Ltd. rose by 31 per cent.

2. Reliance energy Ltd has orders worth Rs 78.5 billion for this financial year.

3. Reliance Energy Ltd will now be known as Reliance Infrastructure Ltd.

4. Reliance infrastructure will be engaged in projects like:

· Power generation
· Transmission and Distribution
· Highways
· Bridges
· Metro Rail
· Airports
· Real Estate

5. Government of India has decided to impose export duties on steel.

6. Shocked by the move steel companies decided to hold back the reduction in price of steel which they had announced.

7. Bajaj-Nissan-Renault has formed a JV for the production of 1 lakh rupees car in India.

8. Bajaj will have 50% stake while Nissan and Renault each will have 25% stake.

9. The production of the 1 lakh rupee car will begin by 2011.

10. The plant will be set up at Chakan which is near Pune (India).

11. P Chidambaram, India’s finance Minister, to persuade the coalition allies to allow the foreign investments in insurance, pension and banking.

12. 80 percent of Indians do not have insurance cover according to Lehman Brothers LLC.

13. 88 percent of Indian workforce does not get involved in pension schemes according to Lehman Brothers LLC.

14. Foreign investors can have a maximum of 26% stake in Indian insurance market.

15. The Indian government is planning to increase the limit for foreign investors in Indian insurance to 49%.

16. The Indian government is planning to divest its remaining 26% stake in VSNL, now known as Tata Communications.

17. The Indian government will get Rs. 3,650 crore by divesting its stake in Tata Communications at present market price.

18. 67 million children in India (about 53%) aged below 5 years do not get basic health care according to the report published by the organization ‘Save the Children’.

19. About 1 million Indian children die during their first month annually according to the report.

20. Industrial production in India during the month of March (2007-08) was just 3 percent.

21. The growth was bad if we compare it with the Industrial production during March (2006-07) which was14.8 percent.

22. Industrial production during the year 2007-08 was 8.1 percent whereas it was 11.6 percent during 2006-07.

23. According to Cyber Media Publication for the outsourcing industry, the mid-sized IT and BPO companies in India are likely to suffer more because of US slowdown than the bigger IT or BPO companies.

24. The weakening of rupee against the US dollar has boosted the confidence of Indian IT sector which was fighting against the US recession and stronger rupee.

25. Indiabulls is planning to invest about Rs 10 billion in retail in India in the coming 2-3 years.