newsletter cs rajiv bajaj 25th july 2014
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Newsletter CS Rajiv Bajaj 25th July 2014TRANSCRIPT
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THOUGHT OF THE DAY
“Success is to be measured not so much by the position that one has
reached in life as by the obstacles which he has overcome.”
Law Updates:
Government Approves 19 Proposals of Foreign Direct Investment (FDI)
Amounting to about Rs. 2326.72 Crore.
Indirect tax collections recorded a 13.5 per cent growth in June this year to
stand at Rs 44,356 crore, compared with Rs 39,085 crore in the
corresponding month last year.
Opening up the insurance sector by increasing the cap on foreign
shareholding to 49 per cent, as proposed by the Cabinet, could bring in
inflows worth $3.5 billion or Rs 22,000 crore into the country.
PROFESSIONALS INPUTS:
India's largest steel maker Tata Steel on Thursday raised Rs 9,000 crore
($1.5 billion) in dollar denominated bonds in the international markets.
This marks the beginning of the company's efforts to refinancing over Rs
33,000-crore loan that it has to repay in the next 18 months. Tata Steel
plans to follow this round of fund-raising with an additional $5.6 billion
(Rs 33,600 crore) term loans in multiple currencies in the coming months.
The Adani Group allegedly siphoned off loans taken from public sector
banks while importing equipment from South Korea and China, the
directorate of revenue intelligence (DRI) informed the Central Bureau of
Investigation (CBI).
The lack of mutually acceptable arbitrators has delayed the resolution of
the two-and-a-half-year-old dispute between Reliance Industries Ltd (RIL)
and the Government of India over the recovery of $2.376 billion worth of
investment in the KG-D6 gas block in India's largest natural gas basin.
MARKET WATCH:
SENSEX: 26048.67 232.18 GOLD (MCX): 27672.00 46.00 NIFTY: 7,758.15 72.45 USD/INR: 60.08 -0.03 SILVER: 44009.00 0.48 CRUDE OIL: 6148.00 -.18
CS Rajiv Bajaj
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Date: 25TH July 2014
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Kiran Mazumdar Shaw Current position: CMD, Biocon Kiran,59, is the founder Chairman and Managing Director (CMD) of Biocon Limited. Born in Bangalore, Shaw completed her Bachelors in Zoology from Mount Carmel College, Bangalore University. She later did her post-graduation in Malting and Brewing from Ballarat College, Melbourne University. She worked as a trainee brewer in Carlton and United Breweries, Melbourne and as a trainee maltster at Barrett Brothers and Burston, Australia. She started Biocon in 1978 and spearheaded its evolution from an industrial enzymes manufacturing company to a fully integrated bio-pharmaceutical company. Today Biocon under Shaw’s leadership has established itself as a leading player in biomedicine research with a focus on diabetes and oncology. Kiran is also a member of the board of governors of the prestigious Indian School of Business and Indian Institute of Technology Hyderabad. Kiran received the prestigious Padma Shri (1989) and the Padma Bhushan (2005) from the government of India.