Weekly NEWS(11th Oct – 15th Oct)<br />By: NITIN KOCHHAR<br />
ZF Hero in talks with Suzuki, Honda to supply parts in India<br />ZF Hero Chassis Systems , a joint venture between Hero M...
Continued…..<br />Hero Motors provides engineering services for the automotive industry, including development and design,...
RBI sells almost all its stake in NABARD to Government<br />The Reserve Bank of India divested its stake amounting to Rs 1...
Continued……..<br />The Reserve Bank held 72.5% of equity in NABARD amounting to Rs 1,450 crore. The remaining shareholding...
GSM operators add 12.4 mn new subscribers<br />The total number of GSM-based mobile phone users in the country has gone up...
Continued…… <br />
E-land close to buying Mudra Lifestyle<br />South Korea-based $7-billion textile chain E-land is acquiring Mumbai-based Mu...
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  1. 1. Weekly NEWS(11th Oct – 15th Oct)<br />By: NITIN KOCHHAR<br />
  2. 2. ZF Hero in talks with Suzuki, Honda to supply parts in India<br />ZF Hero Chassis Systems , a joint venture between Hero Motors and Germany's auto component major ZFis in talks with Suzuki and Honda to supply components in India. <br />The company, which currently supplies axle assembly to General Motors India, also said it will be investing Rs 100 crore to set up a new plant as part of an expansion strategy in India. <br />The company currently has a production capacity of about 50,000 tones annually from its two existing locations. The new plant will increase it by up to 70 per cent .<br />
  3. 3. Continued…..<br />Hero Motors provides engineering services for the automotive industry, including development and design, and also produces chassis components, including axle systems.<br />ZF on the other hand, is a leading worldwide automotive supplier for driveline and chassis technology.<br />
  4. 4. RBI sells almost all its stake in NABARD to Government<br />The Reserve Bank of India divested its stake amounting to Rs 1,430 crore in National Bank for Agriculture and Rural Development (NABARD) on October 13, 2010.<br />With this, the Reserve Bank's holding in NABARD has come down to 1% of shareholding in NABARD.<br />The Government of India now holds 99% of the stake.<br />
  5. 5. Continued……..<br />The Reserve Bank held 72.5% of equity in NABARD amounting to Rs 1,450 crore. The remaining shareholding worth Rs 550 crore was with the Government of India. <br />
  6. 6. GSM operators add 12.4 mn new subscribers<br />The total number of GSM-based mobile phone users in the country has gone up to 494 million with the addition of 12.4 million new users by telcos in September.<br />BSNL registered 2.3 million subscriber additions, the highest amongst all the telcos during the period, taking its total user base to 72.6 million. <br />Uninor garnered the second highest number of new users in September, taking its base to over 11.2 million in the 13 circles.<br />
  7. 7. Continued…… <br />
  8. 8. E-land close to buying Mudra Lifestyle<br />South Korea-based $7-billion textile chain E-land is acquiring Mumbai-based MudraLifestyle.<br />South Korean major has agreed to buy a minimum 51% stake in Mudra Lifestyle which can go up to 67% after the open offer.<br />The total deal size is expected to be over Rs 200 crore. <br />

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