2.  The country’s biggest investor Life Insurance
Corporation will restructure its top management
structure to bring in greater transparency in
operations.
 IRDA, in keeping with the corporate governance
practice prescribed for all insurance companies, the
largest insurer too should have a position of Chief
Investment Officer and Chief Finance Officer.

3.  India received foreign direct investment worth
$2.11 billion in September an increase of about
40% over that in the same month last year. The
FDI inflows in September 2009 were $1.51
billion. FDI inflows so far this year stand at $38
billion.
 The sectors that attracted foreign investment
included service, telecommunication,
construction and computer software and
hardware.

4.  State run Indian Oil Corporation has appointed six
merchant bankers for its proposed public issue
setting the ball rolling for India’s biggest ever equity
offering.
 The list of the merchant bankers that bagged the
prestigious mandate includes four global giants-
Citigroup, DSP Merrill Lynch, Morgan Stanley and
UBS two investment bankers (ICICI Bank and State
Bank of India) and top officials in IOC and the Oil
Ministry.

5.  DABUR India has bought US based hair care
company Namaste Laboratories and its three
subsidiaries for $100 million in an all cash deal.
 Its second overseas acquisition in less
than three months will help Dabur enter
the fast growing $1.5 billion ethnic hair
care products market in Africa besides
serving as a gateway to the US market for
its products.

6.  PM Manmohan Singh handed over the reins of
Sanchar Bhawan to HRD minister Kapil Sibal. But
the department will have to be handed over to the
DMK probably in mid-January.
 The prime minister got an opportunity to
exercise his discretion because DMK chief
failed to thrash out the inner dynamics of
his party and choose a successor to
disgraced ex-minister A Raja.

7.  The Dutch Government on behalf of Vodafone
International Holdings BV, has approached the
Indian Government for settling a three year dispute
involving a claim of over Rs 11,000 crore.
 Indian government would examine the request and
decision will be taken in accordance with the
provisions of the India-Netherlands double tax
avoidance agreement.