1. Mediclaim woes: Payment hassles between hospitals and third-party agents (TPAs) of mediclaim insurers cause unnecessary delays in settling the claims. There are instances where a few TPAs, with the help of some doctors, cheat the insurance firms. Many TPAs lost their credit and are banned by some hospitals.
2. Indian carriers may import cheaper fuel as an alternative to purchases from domestic oil companies. Oil from these companies will be costlier than imported oil. The actual user of imported aviation turbine fuel (ATF) will not be subject to sales tax.
3. Ambani families are at war again: Mukesh Ambani of RIL tells MTN that it has the first right of refusal. This is in reference to the Reliance Communications’ merger talks with the telecom giant MTN.
4. Inflation at 7-year high of 8.75% due to rises in food prices.
5. Cars of “affluent” to cost more due to additional taxes imposed by the government.
6. India’s External Affairs Minister Pranab Mukherjee, who was India’s Chief negotiator for the nuclear deal with the US, made it clear that the UPA government will not back track on the nuclear issue. He said nuclear power is crucial for the country’s energy security.
7. Saudis to hike oil output to ease shortage. Saudi Arabia is currently pumping about 9.5 million barrels a day and the increase will make it 10 million barrels a day. Saudis are concerned about a slump in demand if spiraling crude oil prices are not checked.
1 comment:
Mukesh Ambani is simply making a big noise over nothing.Its just a jealous older brother trying to hamper a prosperous younger brothers growth. The claims made by Reliance Industries Limited are baseless and were based on an agreement in 2006, which was signed only by Reliance Industries officials and was later overturned by the Bombay High Court.
This deal would would create one of the world’s largest emerging-markets telecom operators with 115m subscribers spread across Africa, India and the Middle East.
I wish the ADAG group all the luck.
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