The Mint - 30th Sep

Submitted By
Ankit Agrawal
Ankit Tomar
Ankita Mishra


Leading the NEWS
• UPA chairperson Sonia Gandhi distributes the first set of unique ID cards, known as “AADHAAR”, to tribal community member in Tembhli, Maharashtra on Wednesday.
• Satyam 2yr Numbers disappoint
• EIH to tutor staff at Mukesh’s residence
• Tension grips Ayodhya as high court gives verdict today
• Firms see micro management, return of the license regime
• Prasar Bharati moves court, sends notices to TV channels stating it holds exclusive rights to cover the event
• Cricket board reconstitutes IPL’s governing council
• M&M is not a conglomerate, it’s a federation
• Lock-in for all FDI in realty
• Number Portability looks elusive as operator’s license revoked



Need to Know

• Rajiv Kumar is FICCI’s new director general
• Chakrabarti is Axis Bank’s new DMD
• RAdag gets FMC nod for 26% ICEX stake
• Mittal sells oilfield stake to Sinopec
• Ravi Kiran quits Starcom MediaVest
• Tata Steel signs pact to raise £3.53 bn
• Indigo Plans IPO in 6-7 months, hires JM Financial
• Infra growth slows tp3.7%in August
• Power Grid FPO to hit market in November



Markets & Finance

• Investment banks preparing to tap surge in equity issuance
• RBI allows banks to use companies as business correspondents
• Bill against outsourcing defeated in the US Senate
• DIPP advocates FDI in LLPs, but questions potential benefit
• Government to allow cotton exports from November
• India Inc raise $1.09 billion in foreign borrowings in August
• India’s mobile handset sales hit record high in June quarter
• Government not worried over surging capital inflows


The Wall Street Journal

• New CEO shakes up management at BP
• HSBC Holding PLC’s departing chairman Stephen Green said Wednesday the bank has no plan to move its HQ to Hongkong from London
• Google CEO Envision a ‘Serendipity Engine’
• Nintendo to launch 3-D hand-held in February