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Ranked: At #57, the Tata Group, in a list of the Top 500 Global Brands published by the UK based Brand Finance Plc. It has climbed 45 places since last year. No other Indian brand figures in the Top 100. The study, which valued the Tata brand at $11.8 billion (Rs 47,082 crore), is based on brand value in end-2007.

Print Edition: May 18, 2008

Ratan Tata
Ratan Tata
Ranked: At #57, the Tata Group, in a list of the Top 500 Global Brands published by the UKbased Brand Finance Plc. It has climbed 45 places since last year. No other Indian brand figures in the Top 100.

The study, which valued the Tata brand at $11.8 billion (Rs 47,082 crore), is based on brand value in end-2007.

Emerged: India, as the secondlargest telecom market in the world, next only to China. Indian telecom firms added a record 10.16 million wireless subscribers in March, taking the number of wireless subscribers in the country to 261.1 million, 3.2 million more than the US, which India displaced from the #2 position.

Decided: Tata Steel and ONGC, to voluntarily disclose carbon emissions and report the same annually. They have recently joined the UN Climate Change Initiative for Business Leaders. Some 230 companies from around the world have signed up for this “Caring for the Climate” movement since it was launched in 2007

Acquired: By Reliance Globalcom, the global operations arm of Reliance Communications, a 90 per cent stake in British Virgin Islands-registered WiMax operator eWave World. Reliance Globalcom will make a $500-million (Rs 2,000-cr) investment through the acquired company over three years.

Formulated: By the News Broadcasters Association (NBA), a “Code of Ethics and Broadcasting Standards” and “News Broadcasting Standards (Disputes Redressal) Regulations” for its members as a measure of self-regulation. The NBA has submitted the copy of its code and regulations to the government for its consideration.

P. Chidambaram
P. Chidambaram
Doubled: To 177,000, the number of taxpayers who declared incomes of more than Rs 10 lakh, during assessment year 2006-07.

Finance Minister P. Chidambaram said there were about 97,000 taxpayers with incomes of Rs 10 lakh per annum when the UPA government assumed office in 2004. “These numbers have to increase further,” he told the Lok Sabha.

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