www.csrajivbajaj.com

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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

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.