NEWSLETTER RAJIV BAJAJ_22ND AUGUST 2014

1. www.csrajivbajaj.com
`ec
THOUGHT OF THE DAY
All that we see or seem
Is but a dream within a dream.
Law Updates : Law Updates :
 Company Court couldn't exercise its discretion to wind-up the Companies until controversy before DRT was decided.
 Supreme Court denies to take note of intention of State Govt. while exempting wheat products from VAT liability.
 Ranbaxy Laboratories will have to pay a Rs 242 crore fine to the US authorities due to violations found at its Active Pharmaceutical Ingredient (API) manufacturing factory in Toansa, Punjab.
 The Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes' list of the world's 100 most innovative companies that investors think are most likely to "generate big, new growth ideas".
PROFESSIONALS INPUTS:  RBI directs, NBFCs with assets size of Rs 100 crore to maintain 50% margin on lending against shares.
 RBI directs NBFCs to comply with its instructions on furnishing of credit information to credit information Companies.
 RBI sets up working group on taxation practices for financial instruments in India.
 The Reserve Bank of India proposes to cut banks' group exposure limit by as much as 15 percentage points to reduce the systemic risk posed by lending too much to any single business house. This means that credit to any particular group will have to be restricted to 25% of a bank's capital, down from 40% now.
 The Reserve Bank of India (RBI) has tightened the norms for giving loans against shares by non-banking finance companies (NBFCs).
MARKET WATCH:
SENSEX: 26,480.24 120.13 GOLD (MCX): 27,754.00 7.00
NIFTY: 7,921.55 30.45 USD/INR: 61.39 -0.29
SILVER: 42,135.0 -0.12 CRUDE OIL: 5704.00 -0.71
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv1Bajaj
http://www.csrajivbajaj.com
Date: 22nd August 2014
Date: 2nd July 2014

2. www.csrajivbajaj.com
Inspirational Story of Kiran Mazumdar Shaw
(Entrepreneur- Chairman and Managing Director of Biocon Limited Technology)
The incumbent Chairman & Managing Director of Biocon Limited Technology, Kiran Mazumdar Shaw acts as a torch bearer for the female population of the country. Her example is all the more singular for those who dream each night of building huge empires in the time to come, but lose hope the next day in wake of empty pockets. The lady started her own company with biotechnology in the garage of her rented house in Bangalore where nothing other than IT services were seen with the sight of respect in the city. She was mocked, grilled and often asked to quit and find a secure job somewhere or deliver babies and sit at home cooking meals for her husband. Other than that no bank was ready to fund her and she was finding trouble recruiting people as well.
The term biotechnology was too alien for Indians of the time. Although, she receives funding to begin a start up but it was only in 2004 that company’s IPO was launched which was subscribed 32 times and provided her actual funding to carry out the R&D work.