Weekly news.ppt7

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Weekly news.ppt7

  1. 1. Weekly News (3 rd Oct – 10 th Oct 2010)
  2. 2. Tata Communications to focus on SMEs now as broadband bid fails <ul><li>Tata Communications is redrawing its business plans to focus on the small- and medium-business sector in the country after its plans to tap the retail broadband segment were stymied for lack of wireless spectrum. </li></ul><ul><li>The company did not win broadband spectrum, which is used to provide wireless internet, or Wimax, in a government-led auction in May, due to a drop in call rates in India. </li></ul>
  3. 3. China has world's largest internet users <ul><li>China has the world's largest number of internet users, which stood at 420 million by the end of June, up 36 million from December last year </li></ul><ul><li>The increase was boosted by rising cell phone connections, said a report published by the China Internet Network Information Centre </li></ul><ul><li>The number of China's online shoppers topped 108 million in 2009, rising 45.9 percent from the previous year </li></ul>
  4. 4. Six ministries to decide on FDI retail <ul><li>An inter-ministerial panel will decide on the contentious issue of opening organized retail to foreign investment after examining stakeholder feedback to the discussion paper put out by the government. </li></ul><ul><li>A panel of six ministries was constituted on September 27, which will be chaired by Kewal Ram, senior economic advisor in the consumer affairs ministry </li></ul><ul><li>At present, foreign investment is not allowed in multi-brand retail and a decision has been difficult for the fear that it could affect small retailers </li></ul>
  5. 5. RBI meets CII, IBA, bankers on new private bank licence norms <ul><li>Taking the process of issuing new private bank licences forward, the Reserve Bank met stakeholders, including industry body CII , which called for a higher minimum capital requirement of Rs 1,000 crore. </li></ul><ul><li>The Confederation of Indian Industry (CII), said a lower capital (below Rs 1,000-crore) would result in relatively small banks which could potentially lead to higher risk-taking and more volatile earnings. </li></ul>
  6. 6. Nooyi, Shikha Sharma, Chanda Kocchar among 100 most powerful women <ul><li>Two Indian women have made it to Forbes list of world's 100 most powerful women with US First Lady Michelle Obama at the top and India-born Pepsico chief in sixth place. </li></ul><ul><li>Axis Bank chief executive Shikha Sharma, 49, ranked 89th while ICICI Bank chief executive Chanda Kocchar , 48, was in the 92nd place in the magazine's annual list. </li></ul>

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