1. Spiraling inflation: The UPA Government in India to plan Strategic Reserves to check prices of wheat, rice, sugar, etc. Further rises in food prices will be “terrible” for the world’s poor, and may result in starvation of hundreds of thousands people says IMF.
2. Banks must be responsible for credit card misuse. Policy measures will be initiated to ensure exemplary punishments to banks for adopting illegal methods to recover dues on credit cards.
3. Novartis and Cipla will soon be introducing once-daily oral iron chelator (Deferasirox) to remove iron deposits in thalassaemia patients.
4. The stock markets are expected witness a rally this week, driven by corporate Q4 earnings.
5. Export ban will affect profitability – Cement companies.
6. Caparo (UK) to step up presence in India by setting up more automobile component plants across the country.
7. Consumer product companies such as soap manufacturers need to label the products indicating the exact weight of the commodity when purchased. This may be difficult to implement, but need to done in view of the change in the Package Commodity Act. Certain schedule under the act, “when packed”, stands deleted from May 1, 2008.
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