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Capex spending slows in Q2
Rises only 2% from Q1, with cement, oil & gas, power, telecom all holding back.

Resurgence of the brand mascot
Vodafone’s much talked about Zoozoos were in the news again. This time round it was thanks to a merchandising tie-up with Shoppers Stop. Now Zoozoo fans had the opportunity to bring the fictional, winsome characters back into their lives, as a part of their apparel and attitude. Thinking back to the release of the Vodafone Campaign during the IPL, the response and stir created seemed almost unprecedented. By the time the first few ads were on air, Zoozoos had mutated from television screens to laptop wallpapers, editorial features, mobile screen savers and facebook wall posts and fan pages. The campaign managed to convert consumers into fansumers, i.e. endorsers and subscribers to the brand.

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Advance tax kitty rises 20% during Apr-Dec
The advance tax collection from India Inc rose 20 per cent during the first nine months of the current fiscal compared to the same period last year, with automobiles, consumer goods and metals leading the pack.
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Oppn members suspended from Andhra Assembly

Sixty-two opposition members were suspended from the state Assembly on Thursday following a furore over the alleged illegal iron ore mining by Obulapuram Mining Corporation (OMC) owned by Karnataka tourism minister G Janardhan Reddy. - OMCs rally on better corporate results - Falling crude prices shrink losses for OMCs, treasury - Kalinganagar units seek raw material security - Bio-diesel cos-OMC negotiations face price roadblock - Under-recoveries shrink on fuel sale since mid-June - Worry remains on OMCs" health: Deora The entire Opposition demanded constitution of a House Committee to probe the irregularities by OMC in iron ore mining at Obulapuram in Anantapur district, bordering Karnataka. The ruling party, however, did not concede to their demand stating that an all-party committee was constituted two years ago with representatives from TDP, TRS, BJP and the Left parties, which had toured the mining site and given a clean chit. The issue triggered stormy scenes during the Question Hour with the Opposition and treasury benches trading charges and counter charges. Leader of the Opposition N Chandrababu Naidu alleged that the mining company was encroaching into areas for which it holds no licence, re-drawing the boundaries at will and resorting to brazen violation of rules. "The government is backing the illegal mining. The chief minister is unwilling for the committee as he is a partner in the mining company,” he alleged. Claiming that his party was ready to prove the irregularities at the mining site, he demanded a House Committee inquiry to ferret out facts. Other Opposition parties including actor-turned-politician Chiranjeevi’s Praja Rajyam Party, CPI, CPI-M and Telangana Rashtra Samithi also sought constitution of a House Committee Rebuffing the Opposition charges, the chief minister clarified that the state government conducted a comprehensive survey of the mining boundaries by three different agencies. “The survey has concluded that there are no irregularities,” he said. Not satisfied with the government’s reply, some TDP members surrounded Speaker N Kirankumar Reddy’s podium and shouted slogans. The Speaker later announced suspension of 62 members belonging to TDP, TRS and Left parties for a day for stalling the proceedings.


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