NEWS THIS WEEK - October 26, 2012: Spotlight: Kingfisher Crisis

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NEWS THIS WEEK October 26, 2012 Dear Students, Greetings from Symbiosis Center for Distance Learning!

This week, the dossier contains Spotlight on Kingfisher Crisis. In addition, we take you through highlights of news which emphasis on nation and economy, sectoral news covering Finance and Banking, IT/ITES, Automobile, Healthcare, Retail, Energy, Media and Entertainment. Recommend you view the special feature about Business of IPL. Hope you make the best of the News every week! Warm Regards, Editor

SPOTLIGHT: KINGFISHER CRISIS Thanks to Almighty that Forbes has removed me the billionaires list: Mallya Mallya, known as the 'King of Good Times' and the owner of a F1 team, dropped to 73rd place in India's rich list. SPECIAL FEATURE: BUSINESS OF IPL Did Kalanithi Maran pitch it right on IPL valuation? Maran's Rs 425-cr pay check is less than half of what Subrata Roy paid, but double of what Mukesh Ambani paid for MI in 2008. Kalanithi always fishes in troubled waters IPL franchise is great opportunity: CFO, Sun Grp Kalanithi: From student leader to tycoon IPL's US version to take off next July King of attrition: 40% of KFA employees left between March & Sept Banks staring at Rs 6000-cr writeoff on loans Team Mallya fears loss of personal jet Now, lessors reclaim grounded aircraft

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Nation and Economy: Nitin Gadkari loaned money to companies that invested in Purti Power: I-T smells a rat over 100 firms could be behind the 24 firms which were key investors in Purti group, bringing in amounts from a few lakhs to a few crores. Robert Vadra land deal: Haryana babus give clean chit to Sonia Gandhis son-in-law Inquiries conducted by the deputy commissioners of Gurgaon, Faridabad, Palwal and Mewat have indicated that there was no wrongdoing in land deals involving Vadra. Banking, Finance and Insurance: RBS buys 2.5 cr shares in 19 cos for Rs 407 cr Royal Bank of Scotland (RBS) today bought a total of 2.5 crore shares in as many as 19 companies including Adani Enterprises, HCL Infosystems and Infosys for a little over Rs 407 crore from ABN Amro Bank. Sahara investors seek Sebi's intervention on refunds Investors in Sahara have complained to Sebi that they have received only a part of the amount SC had ordered the company to refund. IT/ITES: Apple iPhone 5 coming to India on November 2, app store adopts rupee pricing The move will benefit the vast app developer community that sells on the App Store as well as the users who download paid applications and content from the company's online store. Indian IT outsourcing companies reverse 20-year jobs flow by setting up centres in US Indian outsourcing companies are finding it tougher to get visas for workers brought from India, and some US businesses want to outsource yet keep jobs in the country. Energy: Get SMS alerts on power cuts and bill payment soon SMS alerts on power cuts or bill payments? This and other info about your power bills is likely if Bescoms new initiative takes off next year. Cairn India is the fastest growing energy company: Platts Cairn India topped the list of 2012 Platts Top 250 Global Energy Company Rankings for fastest growing cos with a 3-yr CGR of 119.8% Automobile: Starting at Rs 17.67 lakh, is Mahindra's SsangYong Rexton W value for money? Set to compete against the likes of the Toyota Fortuner, Mitsubishi Pajero Sport and Ford Endeavour, the Rexton does have a solid uphill battle to fight against some of these more established players. Honda Cars India plans diesel variants, including entry level sedan to take on Maruti The first off the block will be the entry-level sedan built on the Brio platform, code named 2TP,to take on Maruti Suzuki Dzire. Healthcare, Biotech and Pharmaceutical: Overcharging set to cost pharma companies full sales revenue of drug A drug maker found overcharging will have to shell out the entire sales revenue of the medicine from the date of its launch as penalty, according to a directive issued by the country's drug price regulator. For every Rs 245 spent by the government on healthcare, the sick in India have to shell out Rs 76 India has the dubious distinction of being home to the worlds largest number of sick people. Dig a bit deeper and you will find a bizarre contradiction: we seem to have got the worst of both poor and rich countries. Media and Entertainment: Jindal accuses Zee News of extortion, channel hits back The channel hit back at Jindal by carrying the views of Zee News head and Business head, who claimed that JSPL was afraid of "expose" done by it.

Government to monitor content broadcast on FM radio stations The govt is planning to set up a facility that will monitor the programme content that is broadcast on FM Radio stations during the 12th Five year plan. Retail: FIPB to decide on IKEA's Rs 10,500-crore proposal next month FinMin is expected to take a decision next mth on IKEA's proposal to invest Rs 10,500 crore to set up single- brand retail stores in the country. Shoppers Stop using analytics and new technology to boost footfalls "Analytics lets me tailor programs for individual consumers & track their spending to the last naya paisa," says Vinay Bhatia.

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