newsletter rajiv bajaj 23 nd august 2014
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NEWSLETTER RAJIV BAJAJ 23 ND AUGUST 2014TRANSCRIPT
www.csrajivbajaj.com
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THOUGHT OF THE DAY
POSITIVE ATTITUDE, FAITH, VISION, DESIRE,
GOALS, ALL THIS IS EXTREMELY
IMPORTANT, BUT NOTHING HAPPENS
WITHOUT ACTION.
Law Updates :
The Securities & Exchange Board of India (SEBI) has barred Delhi-based PACL, its promoters and directors from raising any money from investors, effectively shutting down one of India's
largest collective investment schemes (CIS), with a corpus of
nearly Rs 50,0000 crore.
Partnership Act doesn't bar an unregistered partnership firm from filing a winding-up plea against a Company.
Religare Enterprises, the financial services group, has moved to
buy a part of the portfolio management services (PMS) business of N Jaya Kumar’s Prime Securities.
To provide a "one stop virtual shop" for all social welfare spending needs of companies, government plans to have a Corporate Social Responsibility (CSR) portal along with data analytics platform.
US-based Telcordia Technologies, now part of Ericsson, has
sought approval from the Foreign Investment Promotion Board (FIPB) to increase stake in its Indian entity to 100 per cent from 74 per cent.
PROFESSIONALS INPUTS:
RBI/2014- 15/187 DGBA.CDD.No.867/15.02.005/2014-15,
Amendment to Public Provident Fund Scheme, 1968.
Chairman of the Central Board of Direct Taxes (CBDT) said that the income tax department will extend the advance ruling facility to the resident tax payers from the current year.
Low-cost airline Spice Jet is under the scanner of the income tax (I-T) department for suspected violations of TDS (tax deducted
at source) and non-distribution of Form-16 to its employees.
MARKET WATCH:
SENSEX: 26,419.55 59.44 GOLD (MCX): 27,806.00 59.00 NIFTY: 7,913.20 22.10 USD/INR: 60.47 -0.21 SILVER: 41,970.0 -0.27 CRUDE OIL: 5680.00 -1.13
CS Rajiv Bajaj
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Date: 23rd August 2014
Date: 2nd July 2014
www.csrajivbajaj.com
Inspirational Story of Tulsi Tanti
(Entrepreneur known for: Suzlon Energy)
Discuss about the most astounding, inspirational rags to riches stories from India
and Tulsi Tanti has to be a part of the overwhelming discussion. The chairman and managing director of Suzlon Energy stands thoroughly distinguished for
having acquired $2 billion market cap wind power based company.
Amazingly ingenious and a firm believer, the entrepreneur kicked off his drive for
success by his first project, which was in the textiles sphere in Surat entitled Sulzer Synthetics Private Limited. However, the company’s name was later
changed to Suzlon Synthetics Limited, which is positioned deeply into wind
energy production.
Estimated as worth 4930 million by Forbes in November 2008, Tusli originally
hails from Rajkot in Gujarat and feels proud for having accomplished milestones in his respective business. A diploma holder in mechanical engineering and a
commerce graduate, he indeed refurbished and leveraged the textile industry in India by realizing their huge potential. Presently endeavoring to capture the
global market, Tanti has magnificently showcased how rags can be transmogrified into riches by scaling the Suzlon Energy higher to the fifth largest
wind turbine manufacturer position in the world and largest in Asia.