Top Five Business Stories – 5 December 2013

Moody's expects challenges for India Inc to continue in 2014

Reflecting macroeconomic challenges over the next 12 months, Moody's expects challenges for Indian non-financial corporates to continue in 2014.

Read More: http://www.indianexpress.com/news/moody-s-expects-challenges-for-india-inc-to-continue-in-2014/1203685/

Jubilant Life gets warning letter from USFDA

Jubilant Life Sciences has received a warning letter from the US Food and Drug Administration (FDA) for one of its manufacturing facilities, Jubilant HollisterStier, LLC located in Washington, US, the company said on Thursday.

Read More: http://www.thehindubusinessline.com/companies/jubilant-life-gets-warning-letter-from-usfda/article5425125.ece

Cairn India to invest up to $750mn on KG-Basin Block over 5yrs

Buoyed by discoveries of huge quantities of oil and gas, Cairn India has urged the Director General of Hydrocarbons to declare one of the wells in its onshore KG-ONN-2003/1 block at Nagayalanka on East coast as 'Commercial Discovery', sources close to the development said.

Read More: http://businesstoday.intoday.in/story/cairn-india-investment-on-kg-basin-block/1/201226.html

Rupee off highs; oil demand, taper caution
The rupee off highs, dealers cite state-run bank buying dollars likely on behalf of oil refiners and importers.

Read More: http://in.reuters.com/article/2013/12/05/marketeye-dollar-rupee-forex-oil-idINDEE9B407H20131205

Vodafone chief meets PC, says it’s good to talk

UK-based Vodafone Group’s CEO Vittorio Colao on Tuesday met finance minister P Chidamba-ram and is believed to have discussed the long-pending R11,200-crore tax liability issue. "It's always good to talk,” Colao told newspersons. He, however, did not take questions from them.

Read More: http://www.financialexpress.com/news/Vodafone-chief-meets-PC--says-it-s-good-to-talk/1202817