Professional Documents
Culture Documents
I SS U E 2
Elixir Newsletter
CONTENTS
International 2
PHARMA 3
NATIONAL
Money in banks abroad: Cannot disclose names,
Centre tells SC
E-COMMERCE.. 4
SUDOKU .... 5
FROM HBR
..... 5
POWER ..... 5
Manufacturing... 6
TOON CORNER
By
Abdul Wahid
On Page 5
The Centre on Friday told the Supreme Court (SC) that it could
not disclose the names of those who have deposited money in
banks abroad as it this would jeopardise tax agreements with
nations providing those names to India.
This echoes the line taken by the previous UPA government,
which the BJP had slammed and made into an election issue
earlier this year while promising to bring black money back if
elected to power.The SC had in May given the Centre an
ultimatum to constitute a Special Investigation Team to probe
black
moneyaccount
cases. It number
also ordered
the Centre provident
to disclose the
Universal
to facilitate
fund portability
Winner of
SUDOKU
(Published in
12/10/2014 magazine)
Amaresh Krishna
Oct, 2014
VOL 1 ISSUE 2
ELIXIR
PAGE 2
ISIS jihadists
training pilots to fly seized jets
INTERNATIONAL
The terrorist group Islamic State (ISIL) may have now got their hands
on fighter jets and are being trained to fly them. Iraqi pilots who have
joined Islamic State are training its members in Syria to fly three
captured fighter jets, according to a UK-based activist group that
monitors the conflict.
The Syrian Observatory for Human Rights (SOHR) said witnesses had
seen the planes being flown around a military airport in Aleppo. At
present, the Western military forces led by US and UK have been using
air power to push back ISIL. The latest development comes as a major
worry for the coalition forces.
We
will
respond
to
Ebola
in
more
aggressive
way':
Barack
Obama
Oct, 2014
VOL 1 ISSUE 2
ELIXIR
PAGE 3
PHARMA
No CCI directive to sell business for merger nod with Sun Pharma: Ranbaxy
Cygnus
Medicare
raises
Rs60
crore
from
Fidelity,
current
investors
PAGE 4
ELIXIR
E-Commerce
PayPal
spinoff
seen
critical
for
eBay
amid
e-commerce
weakness
VOL 1 ISSUE 2
ELIXIR
PAGE 5
SU DO KU
TOON CORNER
Send us the answers by 25th Oct, 2014 (in the specified excel sheet). First three people to solve it will be declared
as winners in next magazine.
From HBR
Six Basics for General Managers
Great coaches stress fundamentals-the basic skills & plays that make a team a consistent
winner. Similarly great general managers do the same thing. They know that sustained superior
performance cant be built on one-shot improvements like restructurings, massive cost
reductions, or reorganizations. Sure, theyll take such sweeping actions if theyre in a situation
where thats necessary or desirable. But their priority is avoiding that kind of situation. And they
do that by focusing on the six key tasks that constitute the foundations of every general
managers job:
setting strategy,
allocating resources,
developing managers,
Oct, 2014
VOL 1 ISSUE 2
PAGE 6
ELIXIR
POWER
NTPC firming up plans to enter into power distribution business
NTPC is firming up plans to enter power distribution, an
area the state-run company has mostly stayed away from
so far despite producing more than a quarter of India's
total electricity output.
It plans to bid for distribution rights in cities that may open
up the segment to the private sector. Just a handful of
Indian cities at present have private distributors, all in
joint ventures with state utilities, a model that NTPC too is
considering. "Many states are likely to open up distribution
business for private or public participation to bring in
efficiency in this sector. NTPC finds opportunity in entering
into distribution business through participation in these
bids," a senior NTPC official told ET.
Revive
lakh
MW
plants
to
tackle
power
problems:
Advisory
group
CitigroupInc.,ETradeFinancialCorp.,AutomaticDataProcessingInc.andRegionsFinancialCorp.wereattackedbythesamehackers
India's electricity problems can be solved within a short time by
Muchabouttheattacksontheseinstitutionsremainsunclear,includingthemotivesofthehackersandwhetheranyoftheattacksweresuc
reviving the 1 lakh MW thermal power capacity plants that are lying
idle, Chairman of the Advisory Group for Integrated Development of
Power, Coal and Renewable Energy Suresh Prabhu said.
Within 18 months the country can solve energy problems by putting in
place thermal capacity of about 1 lakh MW, which is lying incomplete,
blending it along with about 2,50,000 mw capacity available as of
today, said Prabhu who was power minister in the previous NDA-led
Oct, 2014
VOL 1 ISSUE 2
ELIXIR
PAGE 7
Manufacturing
Tata JLR only Indian company in world's 100 most valuable brands
Tata group's Land Rover has forayed into an elite club of
world's 100 most valuable brands as the only Indianowned entity, while iconic Apple has retained its top slot
with nearly $119 billion valuation.
Land Rover, an iconic British car brand owned by Indian
conglomerate Tatas, has been ranked 91st with a brand
value of $4.47 billion and is one of the five new entrants
on this annual list compiled by leading brand consultancy
Interbrand.
Apple - maker of iPhone mobiles, Mac computers, iPad
tablets and iPod music players among others - is followed
Mahindra & Mahindra ties up
Snapdeal
for pre-booking
Scorpio
bywith
Google
on the second
position ($107 of
billion).
These are
After books, mobiles, sundry electronic items and clothes,
now comes a car. E-commerce firm Snapdeal on Thursday
started accepting prebookings for the new variant of
Mahindra & Mahindra's (M&M) mainstay SUV Scorpio,
making it the first time automobile bookings have
debuted on a third-party electronic marketplace in India
and marking another maturity milestone for the country's
fledgling e-retail sector.On Thursday evening, the
homepage of Snapdeal, usually home to small-ticket
merchandise such as shoes, perfumes and clothes, had
the silhouette of M&M's new Scorpio utility vehicle against
a dark backdrop along with the announcement that the
Samsung
to increase
investment
in India's 4G market
website would
take bookings
for it.
Korean technology major Samsung has committed to scale
up its investments in India's 4G market in a meeting with
telecom minister Ravi Shankar Prasad, while LG expressed
great faith in the 'changed investment climate.' "Met CEO
Samsung. Discussed NOFN and Smart city projects. They are
keen on India's 4G mobile market. (They) want to increase
investment," Prasad tweeted after his meeting met CEO
Samsung.discussed NOFN &Smart City projects.they r keen
Editorial Team
VC
solar
crosses $1increase
billion investment
onfunding
India's4Gin
Mobile
market.want2
Indias
solar industry
a favourite
investment
destination
for venture capitalists and
Major Indian
telecomremains
operators,
including
Reliance Jio,
plan
Maruthappan S (2014-16)
private
(PE) funds
the sector
number
of merger and acquisitions.
to startequity
4G services
fromeven
nextasyear.
Bharti sees
Airtela and
Aircel
Nirbhay (2013-15)
have already launched
these
high-speed
services
some Energy, which provides solar
Hyderabad-based
renewable
energy
company
FourthinPartner
Harsh Marodia (2014-16)
parts of the country. Prasad is on a 5-day visit to South
products and turnkey services for off-grid solar power installations, raised
3 crore
from venture
Sanjayan
S (2014-16)
Korea to woo investments in the country in the field of
capital
firm, manufacturing
The Chennai Angels.
Boond Engineering
and
Development, a provider of clean
electronics
and under
the 'Make In
India'
Oct, and
2014
2
energy
products
services, recently closed an equity investment roundVOL
led 1
byISSUE
Opes Impact
program.
Fund.