Take a note of these
Declared: By LIC, a higher bonus for its policy holders, on the back of a 22 per cent rise in its valuation surplus to Rs 15,127 in 2006-07.
Whole life plans have been given a higher bonus of Rs 70 per thousand sum assured, compared to Rs 66 in the previous year.
“Our business composition is changing significantly from non-linked products to linked products,” said LIC Chairman T S Vijayan (in picture).
Surged: To $31 billion (Rs 1.41 lakh crore), India’s software exports in 2006-07. Exports rose 32 per cent in dollar terms and 36 per cent in rupee terms over the figure for 2005-06. According to Nasscom, revenues will breach the $50-billion mark this financial year.
Dipped: To a 17-month low of 3.52 per cent, the Wholesale Price Index, for the week-ended September 1, compared to 3.79 per cent in the previous week on account of a slowdown in the price increase of minerals, fuel and some manufactured products. Inflation was at 5.34 per cent in the corresponding week a year ago.
Ranked: On the annual Forbes Asia Fabulous 50 list, 12 Indian companies, which dominated the annual ranking of big-cap, profitable companies in Asia. Taiwan (with 10 companies) and China (7 companies) came in next.
The Indian companies on the list are TCS, Infosys Technologies, BHEL, Bharti Airtel, Grasim Industries, HDFC Bank, ICICI Bank, L&T, RIL, Satyam Computer Services, Tata Steel and Wipro.
Died: On September 10, Anita Roddick, founder of British cosmetics company The Body Shop. She was 64.
Roddick grew her business from a single shop in Brighton in 1976, to a franchise of 2,000 stores spread across 53 countries in 30 years. A Dame Commander of the Order of the British Empire, she sold her company to L’Oréal last year.
Unveiled: By the government, a semiconductor manufacturing policy, which defines a fab unit, state-ofthe-art technology, net present value, financial closure, capital expenditure and threshold limit for companies to apply for the special incentive package.
