24.10.2006

Starbucks is the world’s largest coffee chain. It plans to enter India by teaming up with Planet Retail to set up shop in 2007.

Govt. to vet use of IPO funds
The Companies Act as well as SEBI’s disclosure and investor protection guidelines of 2000 prescribe the disclosure requirements for raising funds from the market.

Not using the funds for their stated purpose will attract company law provisions dealing with misstatement, diversion of funds and inducement.

The violations impose civil as well as criminal liabilities on the promoters and the directors of the company.

Lankan parties sign deal to work together on LTTE
President Mahinda Rajapakse’s Sri Lanka Freedom Party (SLFP) and the opposition United National Party (UNP) led by Ranil Wickremesinghe decided to work together on resolving the ethnic conflict with LTTE.

Mosquito control market
The Indian market is of the size of Rs. 1400 cr. and is growing at 10% per annum.

India’s leather garmets industry
Current leather exports are at $2.4 bn. Projected to grow to $5 bn by 2010.

Top five countries which import our leather products include:
Germany, UK, USA, Italy and Spain.

Energy production efficiency in India
A recent Planning Commission study shows that relative power costs in India are amongst the highest in the world and up to thrice those in the US.

The current efficiency levels of transforming coal energy into power is no more than 30.5% on average, in India. In glaring contrast, the corresponding efficiencies in Germany for example, are as high as 46%. If the ratio was 40-42% here, we would be getting one-third more power using the same amount of coal.