Govt announces 15,000 crore borrowing plan

Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here’s a quick round-up of the major local and international business and economic news events.

Until last year our message to the world at the World Economic Forum was India Everywhere. The way Indian economy has shaped up in last one year, we might as well change it this year to India Nowhere. Here is how we lost the plot and our nerve in 2011.

For the first time in several years, the two estranged brothers Mukesh and Anil Ambani will be seen together as they reach Chorwad for their father’s 80th birth anniversary. And Reliance stocks celebrated the reunion today. Here is how .

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[caption id=“attachment_166980” align=“alignleft” width=“380” caption=“India will sell Rs 15,000 crore worth of bonds on 30 December. Reuters”]  [/caption]

Customers of Bharti Airtel in the western part of Maharashtra are experiencing a service outage due to a technical glitch in the service provider’s systems that cropped up on Tuesday. Here is the story .

India will sell Rs 15,000 crore worth of bonds on 30 December in an unscheduled auction to partially offset a Rs 4000 crore auction cancelled last month and to fund an “emerging cash requirement”, the Finance Ministry said. Here are details .

The Central government is fast running out of cash. With details about advance tax collections still under wraps, the government sprang a surprise on the money markets on Monday by announcing a Rs 15,000 crore borrowing plan for 30 December. And here is our take on it. Read on .

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Patrick Chovanec has afascinatingarticle on China’s real estate scenario. Now Ajay Shah takes the principal points and writes about how Indian real estate market stands in those respects. Here is the story .

The Telecom Commission has recommended a uniform licence fee of 8 percent as against existing 6-10 percent depending upon the type of service and circle.The universal licence fee will be implemented in two phases over two years, Telecom Secretary R Chandrasekhar said here after a five-hour long meeting of the Telecom Commission, the highest decision making body of the Telecom Ministry. Read more on this here .

Ajay Piramal is sitting on a mountain of cash. Yet the billionaire Indian tycoon, working in one of the world’s fastest growing economies, is struggling to figure out what to do with the money. Here is why he feels Indian business tycoons could now move out of the country.

The pharmaceutical industry will remember 2011 as a year in which the government sought to exercise more control over the business - be it big ticketacquisitions of domestic firms by MNCs or price controls on drugs. Amidst these tussles business went on as usual for the pharma companies .

The Indian market appears determined to finish what has been a horrendous year on a relatively upbeat note. Yesterday’s rally has feeble legs, and going by how Nifty futures are trading this morning, the rally could spill over today. Here is the story on what you missed out when you were sleeping last night.