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Congress victorious in Mizoram Assembly polls 2013

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Congress victorious in Mizoram Assembly polls 2013

December 13, 2013

Mizoram Assembly poll results are out and Congress has defeated its main rivalMizo National Front (MNF) by a huge margin. Although Congress faced debacle in the assembly elections in RajasthanMadhya PradeshChhattisgarh andDelhi, it has managed to save face in Mizoram by registering a second consecutive win in the small Christian-dominated state that MNF once wanted to take out of the Indian Union.

It is Congress’ fourth electoral win after Mizoram attained statehood in 1987, following the signing of the historic 1986 Mizo Accord between the Centre and MNF led by the legendary Laldenga.


Of the total 40 seats Congress clinched 33 seats limiting its opponent MNF to a just 5 seats.  Many give the credit of Congress’ triumph to Lal Thanhawla‘s popular Congress New Land Use Policy (NLUP), which was evolved to tacklejhum or shifting cultivation. Four-time chief minister Lal Thanhawla (71) has won from 2 seats – Serchhip and Hrangturzo. It is his 9th electoral win since Mizoram became a Union territory in 1972 and a full-fledged state in 1987.

PepsiCo appointed D Shivakumar as head of Indian region

December 13, 2013

Beverages and food giant PepsiCo India appointed former Nokia senior executive D. Shivakumar as the company’s new chairman and chief executive officer (CEO) for the Indian region.

What type of responsibilities will D.Shivakumar look after?

  • Oversee all aspects in India, including the Pepsi-Cola, Lay’s, Slice, Kurkure, Tropicana, Quaker and NourishCo (a joint venture with Tata Global Beverages) brands.

  • Responsible for deploying the Rs. 33,000  crore  investments  in  India  that  PepsiCo  announced  last  month.

  • Also look after the franchise businesses in BangladeshNepalBhutan,Sri Lanka and the Maldives.


Note: He will succeed  Gautham  Mukkavilli,  current  General  Manager  for  PepsiCo  India Beverages( who  has  been  named  the  senior  Vice-President  , Business Transformation – AMEA at PepsiCo).

Raman Singh takes oath as Chhattisgarh CM

December 13, 2013

Raman Singh (61) of BJP was sworn in as Chief Minister of Chhattisgarh for the 3rd term in row. Governor Shekhar Dutt administered Singh the oath of office and secrecy during a grand swearing-in ceremony.

Raman Singh has retained the CM post as the BJP registered victory by winning 49 of the 90 seats. Congress could manage 39 seats in the 90-member Assembly while the rest of the 2 seats were bagged by BSP and an Independent each.

With this, Singh has now joined the elite club of BJP chief ministers who have scored three consecutive terms in their respective states.

IOC ranked No.1 on India’s Fortune 500 list

December 13, 2013

According to the latest annual list of Fortune 500 companies in India published bybusiness magazine Fortune, state-run Indian Oil Corp (IOC) is country’sbiggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place.

Indian Oil Corp (IOC) was the biggest with annual revenue of Rs 4,75,867 crore, followed by Reliance Industries (RIL) with a full-year revenue of Rs 4,09,883 crore. This is followed by Bharat Petroleum (Rs 2,44,822 crore) at the third place and Hindustan Petroleum (Rs 2,17,771 crore) at fourth.

As per Fortune 500, India Top 10 Companies are:




Indian Oil Corporation (IOC)


Reliance Industries Limited (RIL)


Bharat Petroleum


Hindustan Petroleum


State Bank of India


Tata Motors




Tata Steel


Essar Oil


Coal India

Reliance Jio, Bharti Airtel join hands for sharing telecom infrastructure

December 13, 2013

Bharti Airtel, has inked an infrastructure-sharing agreement with the telecom subsidiary of Reliance Industries.

The deal will allow the telecom unit, Reliance Jio, to access Bharti’s nationwide infrastructure while Bharti will have in return access to the optic fibre capacity established by Jio in future. As a result, RIL might be able to kick off telecom and broadband services in the near future by utilizing Bharti’s infrastructure, much earlier than if it had to create its own infrastructure. It has slashed Reliance Jio’s time to market by several years.

Airtel will also benefit from the deal as its cash flows will be boosted by lease rentals from Jio.

The deal is also extended to jointly laying optic fibre and starting other forms of infrastructure services.

This is the second infrastructure-sharing deal between the two companies. In April 2013, both had entered into an agreement under which Bharti has provided capacity on its i2i submarine cable to Reliance Jio.

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