2. ‘STOCK YARD“If life were measured by accomplishments, most of us would die in infancy”INSIDE THIS ISSUE:DOTCOM bubble 1CORPORATE watch 2ECONOMY watch 3 For FIIs, DTC is a cause for worry’ The Direct Taxes Code, which was recently tabled in the Parliament has as one of its noble objectives, reducing the uncertainty and litigation for the foreign investors. The Bill provides that the income earned by FIIs will be deemed as capital gains. The overall impact of the Bill on FIIs seems to be positive and restoring the current capital gains tax regime is certainly a welcome move
3. Mahindra – Ssang Yong Deal Automotive major Mahindra & Mahindra (M&M ) said it would aim to bring Ssangyong Motors of Korea, (for which it has been selected as the preferred bidder), into its fold “near debt free” . On the domestic front, M&M is stung by shortage of tyres, castings and fuel injection pumps. “We are losing nearly 1,500 to 2,000 vehicles every month in sales due to supply-side constraints . We are trying to address these component issues.
4. Banks mull BlackBerry options for corporate E-mail JPMorgan Chase & Co and UBS are considering allowing employees to access corporate email using Apple iPhones or other alternatives to their standard-issue Research in Motion BlackBerry. A UBS spokesman said the bank is considering allowing employees to use their iPhones for corporate email. The European Union Commission last month rejected the BlackBerry in favor of the iPhone and HTC smartphones amid concerns over BlackBerry security. Unlike rivals Nokia and Apple, RIM controls its own networks, which handle encrypted messages through server centers in Canada and Britain.
5. Audi Q7: Power & Control Quotient The all-new Audi Q7 unleashes a DNA few cars in India can match, thanks to the fact that it comes strapped with possibly the most powerful diesel engine any car, in any class in India, has seen before.
6. Amway planning second facility in India Amway India, a direct selling Fast Moving Consumer Goods (FMCG) company, planned to set up their second manufacturing facility in the country in South India. The company, a 100 per cent subsidiary of US-based Amway Corporation, had been witnessing a 25 per cent year-on-year growth in its revenues. Amway India currently offers over 115 products in five categories including nutrion and wellness (29), personal care (14), home care (14), cosmetics (52) and great value products (6).
7. GCPL eyes Rs 1K cr sales from GoodKnight in next 3 years FMCG player Godrej Consumer Products is looking to expand the global footprint of its mosquito repellent 'GoodKnight' and achieve a sales target of Rs 1,000-crore in the next three years from the brand. "If Indian brands have to be taken forward to the international market, GoodKnight is the prime candidate among all the brands in our portfolio. "There are some new products in the pipeline, which we are currently working on.
8. Durables makers won't hike prices this festive season Consumer durable makers have decided against a hike in prices in the festive season,which sees a jump in sales, despite a rise in raw material prices. Steel makers like Tata Steel, SAIL, Jindal Steel, among others, have recently raising prices. Durable makers such as Godrej & Boyce, Samsung and Videocon have said that they would rather absorb the high costs than play party pooper for their consumers.
9. Panasonic India to relaunch Sanyo brand Panasonic India is all set to relaunch Japanese consumer durable brand Sanyo in the country by April next year. "We want to market Sanyo brand in tier II and tier III cities in the country while Panasonic will penetrate the metro and other big cities," Manish Sharma, director (marketing) of Panasonic India Panasonic plans to project Sanyo as a mass market brand in the country. Panasonic had bought the Sanyo brand for $9 billion. Panasonic would introduce sound system, LCD, refrigerators and washing machines under Sanyo brand
10. MukeshAmbani to be richest man in world in 2014: Forbes With a net worth of USD 62 billion, Indian business tycoon MukeshAmbani would be he richest man on earth in 2014, according to a forecast issued by the prestigious Forbes magazine. "One of the predictions is that Reliance Industries' chief Ambani, who currently has a net worth of 29 billion dollars, pips the world's richest man Mexican businessman Carlos Slim to top Forbes' rich list in 2014,"
