Mint October 16th October

Submitted by
Himanshu Kanojia


Taittinger: The bubbly Businessman
Pierre Emmanuel Taittinger, President of Champagne “Taittinger” was a family that had owned many businesses for generations. In 2005 they decided to sell out but he opposed to the deal, and decided to bid to buy the champagne business.
In his three day trip to India he has tied up with Prestige Wine and Spirits pvt ltd and is launching his champagne here in India because he wants to make Taittinger present in all the good places in the world.
He has been travelling the world and selling his eponymous champagne for about 32 years. He started as a salesman paid only on commission, not even compensated for expenses for 5 years.
According to article he said that “I will die one day but the champagne will go on” but when in the next instance he raised a toast and said
“today we don’t speak enough about pleasure we are far too serious with life but we have to make love that’s why champagne is necessary.


Online-Ad adds earnings to Google
• Google Inc. posted a 32% jump in profit and a 23%increase in revenue as some new business adds to company’s core search-ad sales. These results show how google, among other web companies,is benefiting from a broad recovery in online ad spending this year.The main reason being the new advertising formats.
• Also paid clicks a measure of how frequently consumers click on Google’s ads,rose by 16% in September quarter.To add to this the average price that the marketers pay Google per click is increased by 3%.
• Not only this the mobile search queries have increased 500% over the past two years and Google is on pace to generate more than $1 Billion in annual mobile search and display revenue.
• The company was engaged in “war of talent” and added about 1500 new employees since June bringing its total workforce to 23,331.


Double Digit growth, say Infosys
The company’s second quarter revenue rise 10.2% to $ 1,496 million from the first quarter.
This is the first ever quarter where they have grown organically by more than $100 million.
Clients are spending on technology, they have good cash positions, they are continuing to outsource.


RBI’s task tougher by inflation
The latest data released by the department of industrial policy and promotion showed inflation accelerating to 8.62% in September after deciding for four months.
Inflation was due to high prices of pulses, vegetables, sugar, fibres and minerals.
Week food inflation accelerated to 16.37%.
Economists said in a report that the Central bank was unlikely to hike policy rates soon.

About Sports(overview of common wealth games)
• Prashant karmakar won India’s first swimming bronze medal in 50m freestyle para-sport event.
• Ashish Kumar became the only Indian to win gymnastics medals in an international competition.
• Saina Nehwal won a singles gold against Malaysian Wong Mew Choo.
• England’s 16years old diver Tom Daley won 2gold medals.
• Deepika Kumari, 17, won the women’s individual recurve gold in archery.
• Australian Yolane Kukla, 15, won the 50m swimming gold.


Vodafone Files Petition
Vodafone Files Petition against the new steps being taken by the tax office.
The tax authorities believe Vodafone is liable to pay withholding tax estimated at Rs 12000 Crore on the deal.
Issue is that the tax department has asked Vodafone why it should not be treated as a representative assessee of Hutchison.