ET 30th Oct '2013

After the snatch, Reliance has no body bruises...

• It seemed like a killer blow for Reliance, losing 80% of the prolific KG-D6 block. 
• But strangely the company's shares rose by 0.7% on BSE yesterday.
• Now the actual thing behind all this is that the real meat (more than 50% natural gas) of the D6 block remains in the 20% area that remains under Reliance's control. 
• Reliance seems to be the lucky loser.  

The Govt. of India may bring DTC Bill this winter session...

• The GoI is likely to introduce the much delayed Direct Taxes Code Bill in the Parliament's next winter session. 
• The bill seeks to replace the Income-Tax Act of 1961 with a completely new legislation. 

Vodafone to buy out rest 35.62% shares of Vodafone India at price of ₹10k Crores, taking advantage of the relaxation in FDI rules. 

ET 29th Oct '13

After IMF, Rajan's men cut growth forecast...

• RBI sponsored forecasters on Monday scaled down India's growth projection to 4.8% for the current fiscal from 5.7% estimated earlier. 
• IMF & World Bank have also lowered their growth projections for India (their estimates ranges between 4.3% to 5.9%).

Sahara told to submit title deeds to Sebi

• Holding that it was playing "hide and seek" and can't be trusted anymore, the Supreme Court directed the Sahara Group to hand over title deeds of its properties worth ₹20,000 crores to Sebi.
• Without depositing the investors' money with the market regulator, Subrata Roy has been ordered not to leave the country. 

Sebi may allow Convertible bonds...

• May allow firms to issue convertible debentures along with shares during an IPO, so that risk-averse retail investors will have the choice to either go for shares or subscribe to the debentures. 

Want a good cook, go to a Kerala prison...

• Jails in the state are sprouting culinary talents & the food prepared by inmates has become a hit among the public.
• Jail inmates from organic vegetables are preparing chapatis, curries, idlies, chips, laddus & cakes of mouth watering taste and that to at half the market price.
• It's a win-win situation for everyone, the govt. got as much as ₹14 crores last hear from this & for convicts job offers from restaurant owners are flowing in.

NBA Team co-owner bets India to be the biggest market after USA & China...

• Vivek Ranadive, the Mumbai born is more famous today for being part of the three-man group that bought NBA team 'Sacramento Kings' at record $534 million, than for digitising Wall Street trading in the 1980s. 
• With a vision of making Kings India's home team, they recently unveiled a hindi website; the first NBA team to do so apart from other promotional activities.
• NBA is also pinning its hopes on a 17 year old 7-foot one inch teenager from Punjab, Satnam Singh Bhamara, to do the sport in India, what Yao Ming did in China.
• Satnam is now on a scholarship at the IMG Academy in Florida, being touted as the next LeBron James. 

University of Chicago to open a new centre in Delhi next spring, to enhance collaboration among scholars from India & Chicago.