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THURSDAY, SEPTEMBER 2, 2010, DELHI ° WWW.LIVEMINT.COM

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Reliance Broadcast Network raises
`400 crore from investors; home
ministry to send notices to Google Automobile sales see an increase Reliance Infrastructure issues stock If you are not prepared for change, Business of Life:
and Skype on data access; markets
begin the month with a bang.
of 20­30% in August options in subsidiaries you will die Lifting the weight of scandal
(www.livemint.com/mintreport ) Sales at top Indian auto makers rose 20­30% in Reliance Infrastructure is issuing stock options to M.K. Raju, founder of India’s first full­fledged Monika Devi has shrugged off a two­year doping
August. Analysts see continued growth driven by employees in subsidiaries to help insulate them management consultancy, talks of how he has ban to emerge as India’s best lifter ahead of the
strong demand in the festive months. >P6 from risks in other segments. >P6 always sought an integrated approach. >P8 Commonwealth Games. >P16­17

LARGE SPENDING
Rishad Premji
Blood, sweat, film
Indie film­maker Sidharth Srinivasan
about his new movie, which is going
Tata Motors plans to invest rises to new
role at Wipro
`9,000 cr over three years
to be screened at the Toronto Film
Festival. ® FROM PAGE 1
(www.livemint.com/
sidharthsrinivasan.htm ) nancial services and insurance
PTI business after working with GE
The company plans Capital and Bain and Co.
MINT BLOGS to use the money for Priya Chetty Rajgopal, vice-
president at Stanton Chase Inter-
An Awkward Corner
product development, national, an HR consultancy
expansion and firm, said the increasing role of
Gulzar Rishad Premji in Wipro was both
Even as double­dip looms large and R&D initiatives understandable and welcome.
fiscal policy paralysis continues in the “It is not as if he was parachut-
US and other developed economies, B Y S HALLY S ETH ed into any role. He has been
much of the attention in recent shally.s@livemint.com groomed over a period of time,
weeks has focused on efforts to get ························· given responsibilities appropri-
monetary policy to stimulate MUMBAI
ate to his qualifications,” she
demand.
(http://blog.livemint.com/
an­awkward­corner) I ndia’s largest auto maker
by sales, Tata Motors Ltd,
will invest around `3,000
crore every year for the next
three years, chairman Ratan
said. “The way the whole thing
has been handled with profes-
sionalism, grace and humility is
a lesson to all companies and
carries the unmistakable stamp
Tata told shareholders at the of Premji senior. The fact that
LiveLounge company’s annual general Rishad spent several years learn-
Anindita Ghose meeting on Wednesday. ing the ropes before being given
Where have all the Frenchie ads The money will be spent on responsibility has ensured a
gone? For those who do not recall the product development, expan- greater degree of acceptability of
early ’80s ad, it was about a man sion and research, and devel- his leadership.”
who needed nothing except his VIP opment initiatives, said Tata, Future strategy: Chairman Ratan Tata (standing) and others at the Tata Motors AGM in Mumbai. The present chief strategy and
Frenchie to face the world. who is also chairman of the mergers and acquisitions officer,
(http://blog.livemint.com/ Tata group holding company Bombay Stock Exchange, Tata sons of yet another Nano, the K.R. Lakshminarayana, will be-
livelounge) Tata Sons Ltd.
Analysts tracking the com-
Motors had disclosed plans to
raise `4,700 crore through a
The firm is engaged world’s cheapest car, going up
in flames, which raised safety
come the chief endowment offi-
cer of the trust set up to fund the
pany noted that Tata Motors combination of debentures, in a probe to concerns. philanthropic activities of Azim
mint has been investing larger
amounts in recent years. Going
ordinary shares, convertible
bonds and other equity-linked determine reasons
Tata played down the con-
cerns. Tata Motors has sold
Premji. He will be responsible for
managing investments by the
CUSTOMER CARE by its annual report for instruments in the domestic 50,000 Nanos so far and “four Azim Premji Foundation and af-
To subscribe email: 2009-10, it had invested and international markets in of yet another Nano or five such cases doesn't filiated entities, according to the
subscription@livemint.com
SMS ‘MINT’ to 54242 or log on
`12,697.38 crore since fiscal
2008, making for an average of
one or more portions.
Its Jaguar-Land Rover (JLR)
going up in flames mean there’s a problem in the
car”, he said.
statement issued by Saurabh
Govil, senior vice-president and
to livemint.com/subscribe at least `4,200 crore in each of business swept past forecasts Tata Motors plans to export head of human resources, Wipro
the past three years. with a fourth straight quarterly the Nano to countries in South Technologies.
For any queries/delivery issues
If the past trend is any indi- profit in the June quarter, driv- Over the next few years, JLR Asia and Latin America. Its
email: delivery@livemint.com
or call Delhi: 60004242
cation, the company may end en by strong demand. will be working on entry-level factory in Sanand, Gujarat, is
Mumbai: 67764242 up spending a higher amount “I had conveyed to you how Jaguars that can garner larger expected to reach the installed WWW.LIVEMINT.COM
Bangalore: 41573040 to boost growth, said Mahan- convinced I was with the capa- volumes and focus on develop- capacity of 250,000 per annum
Kolkata: 22826994 tesh Sabarad, analyst at For- bilities of Jaguar-Land Rover; ing lightweight technology and by fiscal 2012. To read our story “Premji and Son
Chennai: 39193296 tune Equity Brokers Pvt. Ltd. the current year’s performance hybrid vehicles. “As soon as we reach the rat- in Wipro report”, go to
Ahmedabad: 26586363 Tata Motors’ sales grew 34% in of the company has vindicated Tata Motors is, meanwhile, ed capacity, we will be profit- www.livemint.com/
Mon-Sat, 10am-6pm fiscal 2010. that confidence,” the chairman engaged in a detailed investi- able,” the chairman said at the premjiwipro.htm
On 28 June, in a note to the said. gation to determine the rea- meeting.

Indiareit Fund Advisors Pvt. Ltd ............7 Jena, Shrikant ......................................... 5

INDEX OF
COMPANIES
Key companies in Mint today.
ABB Ltd ..................................................21
ACC Ltd ....................................................6
AOL Inc. .................................................13
APM Terminals Management BV ...........7
Adani Power Ltd ....................................19
Agent Provocateur Ltd. ....................27,28
Allied Blenders and Distillers Pvt. Ltd ..7
Amazon.com ..........................................13
Axis Bank Ltd ........................................21
Azure Capital Advisors Pvt. Ltd .............7
Bain Capital LLC ...............................27,28
Bain and Co. .............................................8
Bajaj Auto Ltd .......................................18
Bharat Sanchar Nigam Ltd. ..................10
Blackstone Group Lp ...............................7
EBay Inc. ................................................13
Facebook Inc. .........................................13
Fortis Hospitals Ltd ..............................10
General Motors Co. ...............................11
Google Inc. .............................................13
Gujarat Pipavav Port Ltd ........................7
HCL Technologies Ltd ..............................9
Hewlett­Packard Co. ............................. 13
Hindalco Industries Ltd ....................18,19
Hindustan Copper Ltd ...........................18
Hynix Semiconductor Inc. .....................13
Hyundai Motor Co. Ltd ..........................11
ICICI Securities Ltd ...............................20
IDFC SSKI Securities Ltd ........................7
Jet Airways (India) Ltd ...........................1
John Distilleries Ltd ................................7
Kingfisher Airlines Ltd .......................1,18
Kotak Mahindra Bank Ltd .....................10
Larsen and Toubro Ltd .......................6,21
Mahindra and Mahindra Ltd .........6,11,21
Maruti Suzuki India Ltd ................6,11,19
McDonald’s Corp. ..............................27,28
National Aviation Co. of India Ltd .........1
Netflix Inc ..............................................13
Oil and Natural Gas Corp ......................10
Orissa Mining Corp. Ltd ..........................6
Radico Khaitan Ltd ..................................7
Reliance Industries Ltd .........................21
Research In Motion Ltd ..................3,5,13
SAIC Motor Corp. Ltd ............................11
SBI Capital Markets Ltd .........................1
Safmarine Container Lines NV ...............7
Samsung Electronics Co. Ltd ................13
South Asian Real Estate India Ltd ........ 7
Ssangyong Motor Co. Ltd .....................11
Staples Inc .............................................13
State Bank of India .................................1
Sterlite Industries (India) Ltd ......6,18,19
Sun Pharmaceutical Industries Ltd ......21
Suzuki Motor Corp. ............................ 6,11
TPG Capital LLC ................................27,28
TVS Motor Co. Ltd ........................... 18,19
Tata Motors Ltd .................................6,11
Tata Steel Ltd ........................................19
Tupperware India Pvt. Ltd ......................8
United Spirits Ltd ....................................7
Vedanta Resources Plc ...................... 6,10
Wikimedia Foundation Inc. .....................9
INDEX OF
PEOPLE
Key people cited in Mint today.
Ahmad, Shakeel ...................................... 4
Ambani, Anil ............................................6
Banerjee, Sumit .......................................6
Bansal, Pawan Kumar .............................4
Belani, Anita ............................................6
Bhargava, R.C. .......................................11
Bhatt, O.P. ...............................................1
Blair, Tony ..............................................32
Bush, George W. ........................... 1,27,28
Chaudhry, Om ..........................................7
Chidambaram, P. ......................................5
Choudhury, Arup Roy ............................10
Chowdhary, Ajai ...................................... 9
Dadwal, Y.S. .............................................5
Datta, Bishakha .......................................9
Dwivedi, Janardan ...................................5
Firodia, Abhay ....................................... 11
Fuld, Richard ..........................................27
Gandhi, Rahul .......................................4,6
Gandhi, Sanjay .........................................8
Ghorpade, Shailesh ................................. 7
Goenka, Pawan ......................................11
Gokarn, Subir .........................................10
Gupta, Saibal ...........................................4
Haber, Steve ..........................................13
Hinrichs, Joe ..........................................11
Jain, Vijay ..............................................10
Jaitley, Arun ............................................4
Jalan, Lalit ...............................................6
Johar, Karan .............................................8
John, Paul P. ............................................7
INDEX OF Corrections &
Kaiser, Mahboob Ali ................................4 BRANDS Clarifications
Kalra, Prem ..............................................9 Key brands in Mint today. feedback@livemint.com
Kapoor, Kareena ......................................8
Karzai, Hamid ........................................32 Azure ........................................................7 In response to a 31
Karzai, Mahmood .................................. 32 Burger King .......................................27,28 August story, Biocon Ltd
Khan, Aamir .............................................8 Canon .....................................................13 has clarified that it will
Khan, Shah Rukh .....................................8 Chrysler ..................................................11 launch its ophthalmology
Kumar, Nitish .......................................... 4 EBay .......................................................13 drugs once it goes
Liddle, David ..........................................13 Facebook ................................................13 off-patent in the US and
Mallya, Vijay ............................................7 Figo ........................................................ 11 other developed markets.
Maoyuan, Hu ......................................... 11 Foodles .....................................................8
Mehta, Apoorva .......................................8 Garnier .....................................................8 Mint welcomes
Mishra, Prem Chandra ............................ 4 JDL ...........................................................7 comments, suggestions or
Naik, A.M. ................................................6 L’Oreal ......................................................8 complaints about errors.
Newstead, Barry ......................................9 McDonald ..........................................27,28 Readers can alert the
Obama, Barack .............................. 1,27,28 Mont Castle .............................................7 newsroom to any errors
Paswan, Ram Vilas ................................. 4 Nano .......................................................11 in the paper by emailing
Pillai, G.K. .............................................3,5 Original Choice ........................................ 7 us, with your full name
Piramal, Ajay ...........................................7 Panasonic ...............................................13 and address, to
Prahalad, C.K. .......................................... 8 Poggenpohl ..............................................8 feedback@livemint.com
Prasad, Lalu .............................................4 Tata ........................................................19 It is our policy to
Rampal, Arjun ..........................................8 Tupperware ..............................................8 promptly respond to all
Rao, I.V. ..................................................11 Van Heusen ..............................................8 complaints.
Rao, K. Keshava .......................................4 Readers dissatisfied
Rao, Mandava Prabhakar ........................7 with the response or
Sibal, Kapil ............................................4,9 concerned about Mint’s
Singh, Digvijay .........................................5 journalistic integrity may
Singh, Malvinder Mohan .......................10 write directly to the
Subbarao, D. .......................................... 10 editor by sending an
Swaraj, Sushma ....................................4,5 email to
Tata, Ratan ..............................................6 asktheeditor@livemint.com
Tulsian, S.P. .............................................6