UK Isolated - EU agrees fiscal deal

The UK effectively used its veto to block an attempt, led by the French and Germans.

Today; European leaders say 26 out of 27 EU member states have agreed a tax and budget agreement to tackle the debt crisis of eurozone.

The 17 countries that use the euro have all agreed to the deal; nine other countries have said they will sign up.

French President Nicolas Sarkozy said they could not accept the demand of Mr Cameron's (UK Prime Minister) insistence on a protocol allowing London to opt-out on proposed change on financial services.

Europe pushes ahead with fiscal union, UK isolated.

Retail Market - India (the way the Indian's going to shop)

India's decision to open up retail markets will revolutionize the shopping behavior of Indian's - some people are happy, but many fear the consequences. Definitely this move is not without opposition in parliament.

Big giants like Tesco, Walmart and Carrefour have opened in many countries across the world, including in China, Russia and Brazil. Until now, in India; they were not allowed to sell directly to shoppers - but all that is set to change.

Economist Mohan Guruswamy of the Centre for Policy says "The average Wal-Mart store will displace 11,200 people and replace them with 285 people. That's our calculation in a study that we have done" ; which will affect the poor people.

"We have a policy which is distinct and different. This policy is specific to India's complexities, social structures and needs of our people."

The policy is an executive decision and does not need parliament's approval.

Tata Group Successor | Tata - Part of Indian Life!

The 143-year-old TATA group has more than 100 companies in more than 80 countries, employing 425,000 people with a value of about $98bn, and has interests including telecoms, engineering and science.

RM Lala, (written a book on the Tata group), said he was "a little surprised" by Mr Mistry's appointment. He said "I expected a Tata name to be there. But if the new successor sticks to Ratan Tata's principles, it won't affect the group,".

Tata Steel, for example,
The first company began the eight-hour work day for employees in 1912, long before the US or Europe,
Introduced leave with pay in 1920, (it became law in India after 25 years)
Provident fund introduced for employees in 1920, (it became law in India after 32 years).

In India; when you wake up; you may drink tea of Tata Brand, you may make calls using mobile phone (of Tata's) and take a sedan (of Tata's) or take a Tata bus to work. Your home kitchen may be stuffed with goods produced by Tata or its subsidiary companies. Your house may be powered by Tata electricity. Your kids or grand children may be employed in Tata Companies or your kids may be going for higher studies at a social science or science school run by the Tata's. Also there is a big chance; you will be wearing costumes sold by Tata. Your family may be watching Tata-sky; also there are possibilities you may go-to Tata Hospital when you fall sick.

There is no other Indian business conglomerate which quite dominates the lives of Indians the way Tata Group does.

Tata Group acquired Jaguar, Land Rover, Chorus, hotels in US and plotted a coffee plant in Uganda.
Build a new undersea submarine cable linking India, the Middle East and Western Europe. Signed deal with China's software company in collaboration with the Chinese government and Microsoft.

For now, Only few companies in India or Asia can match Tata for the range of goods and services it offers.