Weeklynews

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Weeklynews

  1. 1. Weekly News (15 th -21 st Nov 2010)
  2. 2. Ireland won’t impact directly, could hit sentiment: Virmani <ul><li>India’s executive director at the International Monetary Fund Arvind Virmani says India could grow faster than China from the middle of the current decade. </li></ul><ul><li>The key takeaway from India’s perspective is that it’s going to be a slow recovery. Because the external situation is weak, we really have to depend on our domestic economy. </li></ul><ul><li>Europe has not been contributing to global growth at all for the last four years. But they do affect sentiments, and they affect capital flows and gold prices, and commodity prices and so on. </li></ul>
  3. 3. Think of Reliance when you fly or drive a car: Mukesh <ul><li>Think of Reliance when you fly or drive a car or when things move in a truck as the country's most valued company processes about 2 per cent of the world's transportation fuels, said company Chairman Mukesh Ambani. </li></ul><ul><li>Receiving the Dwight D Eisenhower Global Award for leadership by the US-based Business Council for International Understanding (BCIU), Ambani described the Reliance story as a story of partnerships and further noted the partnerships are really with the US, which started with his education at Stanford University. </li></ul>
  4. 4. Raghuram Rajan among world's 7 most powerful economists <ul><li>Renowned Indian-origin academician Raghuram Rajan has been named alongside US Federal Reserve Chairman Ben Bernanke and Nobel laureate Paul Krugman among the seven most powerful economists in the world, according to a compilation in Forbes magazine. </li></ul><ul><li>These are seven influential individuals each from the world's nearly seven billion people for fields such as education, Hollywood, media, entrepreneurs, economists, energy, philanthropists, bloggers, designers, feminists and fashion. </li></ul>
  5. 5. Anshu Jain's CEO challenge gets tougher <ul><li>Deutsche Bank investment banking chief Anshu Jain’s chances of clinching the CEO post are being undermined by a power shift within the bank that works in favour of chief risk officer Hugo Baenziger </li></ul><ul><li>The 54-year-old Swiss board member is not a rainmaker like India-born Jain, who is seen as a front runner to succeed Josef Ackermann because he heads the investment bank which makes up almost 80% of Deutsche Bank’s profit. </li></ul>
  6. 6. Nooyi, Jha, Pandit among US top paid CEO: Report <ul><li>Three Indian origin executives -- PepsiCo's Indra Nooyi , Motorola's Sanjay Kumar Jha and Citigroup's Vikram Pandit -- have found a place among America's top paid chief executive officer, says a survey. </li></ul><ul><li>Nooyi has bagged the 67th slot, Jha got the the 377th place and Pandit got the 450th position according to a ranking compiled by The Wall Street Journal. </li></ul>

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