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

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Education is only Business?

Education has become the best business of late, no doubt in that. This is the best business that can give you the best returns against less investment. Right?

If any one thinks - Education is only business of late, then that person might be wrong in many ways. However the fact also can't be denied that some education institutes reportedly charging high fees, and running it as the best business.

Knowledge is divine and teacher is considered as the first guru in India, and the culture gives highest respect to a teacher. Of late, September 5 is celebrated as 'Teachers Day' in India.

The ethics and culture are being united in order to give the best education to the students, no matter if there few cases of malpractice or business tactics in association with educational institutes.

The culture and true ethics are the root causes for good education in India, in the beginning stage; but the chain of the duo eliminates gradually as the rank of the class or grade changes of a student.

Student in the entry level of education, has very different and pure thoughts about the education and his/her institution. As they enter into college or professional educational institutes, the start changing their thoughts about educational institutions.

Might be the culture and high donation/fees force the students think otherwise about the educational institutes. In terms of business, educational institutes can yield more income or have been earning good profit, but still the sector is considered as noble one, which aims towards the service the society.

(The thoughts express in the article are purely my personal)

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Home ground of Pune Warriors India - Subrata Roy Sahara Stadium

Press Release
Pune, April 6, 2012: The much anticipated opening ceremony of the home ground of Pune Warriors India - Subrata Roy Sahara Stadium in Pune will see the coming together of India’s noted celebrities including Shahenshah of Bollywood, Shri Amitabh Bachchan and Bollywood divas of the likes of Dia Mirza, Sameera Reddy, Priyanka Chopra, Preity Zinta, Prachi Desai, Neha Dhupia, Bipasha Basu and Jacqueline Fernandes. The celebratory evening will be one to remember as it will see an unforgettable fanfare of cultural performances followed by spell of glitz and glamour. The ceremony will be aired on Sunday, April 8 at 6.55 p.m on Sahara One, Filmy and Firangi.

The viewers will experience a remarkable treat of cultural performances with 120 dholak and trumpet players along with 100 lezim dancers showcasing their talent along with an act by 192 cultural dancers. The evening will then be fired up with spellbound performances by the Bollywood divas of the likes of Bipasha Basu, Priyanka Chopra, Diya Mirza, Preity Zinta, Sameera Reddy, Jacqueline Fernandes, Prachi Desai, and Neha Dhupia who will sizzle on the dance floor with their scintillating moves representing various regions of India.


The opening ceremony of the Subrata Roy Sahara Stadium promises to be the biggest entertainment burlesque with an electrifying blend of culture and bollywood put together on the same platform. So make this Sunday your super Sunday by grabbing a seat in front of your TV set and experience a spectacular evening of glitz and glamour.

For Further Information Please Contact:
Phool Hasan
9827092823

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NPCI launches RuPay the cheapest Debit Card

Business News: National Payment Corporation of India (NPCI) has launched the cheapest debit card - RuPay on Monday. The debit card will have direct competition with the major players like Visa and MasterCard in the financial market.

The debit card RuPay will be a good option for the banks as well, which can give them big relief from being paying high participation fees to other cards. The customers of five public sector banks - State Bank of India, Axis Bank, Bank of India, Bank of Baroda and Union Bank will have this facility.

However, the RuPay has not been entered into the arena of credit cards, it is believed that by next fiscal the RuPay will launch its credit card making payment options more easier in India. In India there are around 2 lakh RuPay ATM and micro-ATM cards available in India.

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Cabinet approves Crain India and Vedanta Deal

Cabinet approves Cairn Energy to sell its 40 per cent stake in Cairn India to Vedanta on Friday. The deal is going have huge impact on Cairn India.

It is estimated that the profit of Cairn India will hit as it has to pay royalty to the state owned ONGC (subject to conditions also).

The impact of the deal was clearly visible in the stock market on Friday, the company's shares traded as lower of 2 per cent.

On the contrary, the BSE Sensex in its opening trade touched to 19,000 mark following the global cues and ONGC, which will get a big price from Cairn India as royalty.

However, Cairn India is still holding stakes in 10 oil and gas blocks in India, including Rajasthan state's block at Barmer.

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