Business Line - 28th September

Submitted by:
1) Aditi Sarma
2) Adrish Sen Sharma
3) Akshay Khandelwal

CORUS TO SPORT TATA STEEL LOGO

Tata Steel has decided to put its name and logo on all transactions such as locations,vehicles and product delivery of its European subsidiary Corus. Not everything will change immediately as re-branding is a gradual process. Tata Steel are among the top 10 steelmakers with a wide product range and this brand migration will lead to Tata Steel name become more prominent in the European markets.



REEBOK SEEKS LARGER FOOTPRINT WITH NEW PRODUCT OFFERINGS

Lifestyle sportswear brand Reebok India is looking to enter into micro-segments. They have been present in india for almost 15 yrs and are now trying enter into niche categories. New segments like personal care products are being added to their portfolio. Reebok is the largest sports footwear and apparel seller and has made its customer base by continously using digital media, social networking sites such as facebook. They are also associated with other sports events like Force India,tennis and football.
There target is to take the outlet numbers to 1000 by end of December without divulging any investment figures that would go into settling up of 100-odd stores.



LILLIPUT FORAYS INTO BABY CARE

Lilliput has entered into baby care markets with offerings ranging from shampoo,powder,oil to wipes and laundry liquids. The range of the products starts from Rs 95. India's rise in disposable income and increased awareness has led to rise in the babycare products industry. The new range of products would be available at all leading Lilliput and Lilliput World Stores and very soon in leading baby shops,departmental stores and pharma chains.



THE AYODHYA CONUNDRUM

A judicial decision on the ownership of the disputed land at Ayodhya cannot be put off any longer. The Supreme Court, which deferred on September 23 the Ayodhya verdict vis-a-vis a petition saying there is still a chance of reconciliation between Hindus and Muslims, will have to take a call on September 28. The best scenario that can be envisaged after the Ayodhya judgement is one of extraordinary gestures involving a mind-bending leap of faith, by both the communities that have a stake in the disputed land.

TAX BILL TO BE ISSUED TO VODAFONE:-

It is likely that vodafone will recieve a Tax bill of Rs.1200 crore plus within next four weeks.
The Supreme Court had ordered the I-T department on monday to quantify the amount of tax liability within 4 weeks.
This is in context to Vodafone's $11.1-billion deal with Hutch in 2007.
the Bench, comprised of Chief Justice, Mr S.H. Kapadia, and Mr Justice K. S. Radhakrishnan and Mr Justice Swatanter Kumar.

GARLIC PRICE SHOOT UP:

Garlic price shot upto a shocking Rs200/kg
Earlier this year, the prices dropped from a high of Rs 5,400 in February to Rs 2,500 in May
The price of garlic has shot up by 60% in the last 1 month
Two years ago the Government of India banned imports from China due to a disease in the Chinese garlic
As per SPICE BOARD figures, exports in April-August have increased by 327 per cent to 13,250 tonnes valued at Rs 498 crore from 3,100 tonnes valued at Rs 63.22 crore in the same period last year.

NEW SCHEME BY IDFC:-

IDFC Ltd is planning to raise up to Rs 3,400 crore through a retail issue of infrastructure bonds.
Investment of up to Rs 20,000 in these bonds will be tax exempt over and above tax exemption available on investments of Rs 1 lakh in other tax-savings schemes.
The first tranche of the issue opens on September 30 and closes on October 18.
Minimum 2 bonds or( Rs. 10,000) has to be bought by the investers
IDFC is looking to triple its balance sheet from Rs 35,000 crore to Rs 1 lakh crore.
It has a net worth of Rs 10,000 crore and a capital adequacy of 26 per cent


ULIPs

After nearly six months of uncertainty and confusion for policyholders and industry, the unit linked insurance plans(ULIPs) are back.

MONSOON WITHDRAWS FROM MORE PARTS OF NORTH-WEST INDIA:
South-West Monsoon has withdrawn from some parts of Punjab, Haryana, Rajasthan and Gujrat on Monday in what looks like the precursor to an unusually rapid exit from the entire upper half.