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Greetings
Curry Lovers!
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| EDITORIAL
COMMENT |
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Two
new names have been added to the Indian Billionaires
club list today - Malvinder Mohan Singh and
Shivinder Mohan Singh, grandsons of the founder
of India's largest pharmaceuticals manufacturer,
Ranbaxy, have just netted themselves $4.6 billion
by selling their stake to a Japanese company!
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BUSINESS NEWS *** |
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Japan's
Daiichi to buy majority stage in India's
Ranbaxy for $4.6bn
Japanese drugs major Daiichi Sankyo Wednesday
said they will pay $4.6 billion in cash
to buy majority stake in Ranbaxy Laboratories,
India's largest pharmaceutical firm with
global revenues of $1.6 billion, including
the entire 34.8% equity held by its promoters
- brothers Malvinder Mohan Singh and Shivinder
Mohan Singh, hold a 34.8% stake and will
get Rs.95.76 billion ($2.4 billion) for
their stake. 
read
more
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Until
next time,
Lopa Patel (Editor - Redhotcurry.com)
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BUSINESS NEWS *** |
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Build
Your Brand in India Conference, Thursday 26 June 2008
With brands developing rapidly in India, UK Trade &
Investment (UKTI) is staging an event to help companies
grasp the opportunities for brand building in this emerging
market. The "Building Your Brand in India Conference",
at the London Capital Club, EC4, on Thursday 26 June,
is part of UKTI's International Month to encourage British
companies to expand overseas.
read
more |
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Lengthy
paperwork before NRIs can invest in India
Non-resident
Indians (NRIs) can benefit from the current bear run on
the Indian Stock Exchange as the risk-reward ratio is
in favour of long-term investors. Despite the prevailing
dip, the Indian economy is expected to grow at a healthy
pace of over eight percent this year. But before an NRI
can invest in Indian stocks lots of paperwork has to be
completed. Kul Bhushan takes you through the process.
read
more |
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Women's
self-help groups shore up India's farm communities
The
woes of the agricultural community in rural Maharashtra
may be far from over, but a Mumbai-based trust is helping
out a sizeable number of farm families through women's
self-help groups (SHGs). The SHGs, being funded by the
Yashwantrao Chavan Pratishthan, have instilled confidence
in thousands of poor farm families by forging a tie-up
with Big Bazar, one of India's biggest retail outlets
for supply of homemade products.
read
more
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Citi
to close hedge fund founded by Pandit
Citigroup has decided to close a hedge fund that its chief
executive Vikram Pandit co-founded, and which the banking
behemoth bought for more than $800 million. Pandit personally
made at least $165 million when Citigroup bought Old Lane
but now Citigroup plans to shut Old Lane Partners and
buy what is left of its assets, the Wall Street Journal
reported.
read
more |
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British
electronics major forays into India
British electronic components major Premier Farnell Plc
Wednesday announced a Rs.250 million investment in India.
The £745-million ($1.5 billion) Leeds-based company
will use multi-channels such as field sales, contact centre
web and knowledge centres to distribute a range of 430,000
products from 3,500 suppliers to about 100,000 small and
medium enterprises in India.
read
more |
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Vijay
Mallya in talks with European firm for business jets
Vijay Mallya, chairman the UB Group, has initiated talks
with France-based EADS Socata, a leading aircraft manufacturer,
to invest some $200 million to co-develop business jets
for India. Last year, Mallya had pledged a personal stake
of $200 million to the US-based Epic Aircraft to develop
its very light jets, but that the deal is believed to
be over.
read
more |
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Making
A Fortune: Learning from the Asian Phenomenon by Spinder
Dhaliwal
For two decades, entrepreneurs have been eulogised in
the popular press. At a time when real heroes are hard
to find, it is the entrepreneur who has become the hero
of free enterprise. With immigration a hot topic of conversation,
in this book Dr Spinder Dhaliwal lays out the contribution
of Asians in the UK in terms of wealth creation and employment.
read
more |
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Food
for thought as Britons cut back on spending
Britons usually love a bargain but it seems our spending
on fashion and luxury foodstuffs is being hit as more
than 36 million (76%) of us prepare to settle in for a
period of belt-tightening. Research from Alliance &
Leicester Current Accounts reveals almost 35 million Britons
(73%) have made some form of financial cutback recently
and one third (34%) expect their disposable income to
decrease over the coming six months.
read
more |
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NEWS *** |
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Bhumi
Puja for Britain's first state funded Hindu School
The holy ceremony of Bhumi Puja (ground-breaking)
ceremony of the first ever state-funded Hindu School
in Britain took place on 7th June 2008 and marked
the start of building works to be completed in August
2009 . The Krishna Avanti Primary School is situated
in the London Borough of Harrow which has one of
the highest concentration of Hindus in the UK.
read
more
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ENTERTAINMENT *** |
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EVENTS CALENDAR: 13/06/2008 - 21/06/2008 |
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| EVENTS
CALENDAR *** |
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Want
to know more about what's on when? Click here for the
UK
Events Calendar and search by 'Location' for what's
on in your area. |
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| THEREDHOTSHOP |
| SUMMER
2008 TOPS |
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| SUMMER
2008 DRESSES |
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