Sharing Economic Times News  <br />By :- AmitChawla<br />        MBA – 2B<br />
27 Sep 2010<br />After dogs, snake in Games quarter <br />South Africa To Call Players Only When Living Conditions Improve...
28 Sep 2010<br />RCOM to seek shareholders' nod today for fund-raising plans <br />ANIL Ambani group firm Reliance Communi...
29 Sep 2010<br />SHARE FALLS TO 36% <br />Nokia loses its India plot, mkt share tanks <br />   <br />   The IDC report sho...
29 Sep 2010<br />THE IT TYCOON ON INDIA’S RICH... <br />ShivNadar promises to donate 10% of his wealth <br />    FOR a few...
30 Sep 2010<br />LIFE AFTER FRAUD CUTS LOSSES AFTER TECH-M TAKEOVER <br />Mahindra pegs Satyam loss at 8kcr under Raju<br ...
<ul><li>LIFE AFTER FRAUD CUTS LOSSES AFTER TECH-M TAKEOVER                  Mahindra pegs Satyam loss at 8kcr under Raju</...
01 Oct 2010<br />LAND DIVIDED, INDIA UNITED <br />   Ending 60 years of tortuous litigation, claims & counter-claims, hope...
01 Oct 2010<br />Future, Spencer’s and More at your service <br />Destination Stores: Top Retail Chains Offer Plethora Of ...
Economic Times news
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Economic Times news

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Economic Times news

  1. 1. Sharing Economic Times News <br />By :- AmitChawla<br /> MBA – 2B<br />
  2. 2. 27 Sep 2010<br />After dogs, snake in Games quarter <br />South Africa To Call Players Only When Living Conditions Improve<br />NOTHING seems to be going right for the Commonwealth Games organizers. On a day when the government managers claimed that things have begun falling in shape, the South African envoy claimed that a snake was found in an athlete's room in the village.<br />However, the South African envoy said his country’s team will not withdraw from the controversy-marred event. “The teams are coming and we are still part of the Commonwealth Games. When everything will be done we will call our teams,” he said.<br />
  3. 3. 28 Sep 2010<br />RCOM to seek shareholders' nod today for fund-raising plans <br />ANIL Ambani group firm Reliance Communications (RCOM) will seek shareholders’ approval for raising funds through issue of securities. <br />    RCOM is looking to garner funds in order to enhance its global competitiveness and strengthen its financial position, Reliance Communications said in its annual report. As on March 31, 2010, the company had a net debt (excluding cash and cash equivalents) of 24,856.95 crore ($5.5 billion). <br />    RCOM had paid 8,585.04 crore to the government towards securing the 3G spectrum. The company had bagged spectrum in 13 circles, including Delhi and Mumbai<br />
  4. 4. 29 Sep 2010<br />SHARE FALLS TO 36% <br />Nokia loses its India plot, mkt share tanks <br />  <br /> The IDC report showed that sprightly domestic handset makers led by Micromax, Spice, Karbon and Lava had capitalised on Nokia’s misfortunes, with their share of the market doubling to 33% during the last six months. <br />
  5. 5. 29 Sep 2010<br />THE IT TYCOON ON INDIA’S RICH... <br />ShivNadar promises to donate 10% of his wealth <br />    FOR a few months now, Bill and Melinda Gates and Warren Buffett have been persuading over 40 US billionaires to pledge at least half of their wealth to fix the world’s ills. But no one from India has yet been able to match that generosity. Very few have even shown an inclination to do so. <br /> At least one Indian billionaire has taken a first step and is now daring others of his ilk to start making a meaningful contribution to society..  He sold a 2.5% equity in HCL Technologies this June and pumped the entire 585 crore proceeds into his philanthropic efforts. <br />The 65-year-old chairman of HCL Technologies and co-founder of the HCL group, now spends about 40% of his time on social ventures.     <br />
  6. 6. 30 Sep 2010<br />LIFE AFTER FRAUD CUTS LOSSES AFTER TECH-M TAKEOVER <br />Mahindra pegs Satyam loss at 8kcr under Raju<br />    MAHINDRA Satyam, formerly Satyam Computer Services, managed to sharply reduce its losses for 2009-10 and pull itself out of the hole into which it had plunged after founder RamalingaRaju confessed to the biggest-ever fraud in Indian corporate history last year. <br /> The firm, which suffered a near-catastrophic meltdown after Raju’s revelations in January 2009, rode out a tough two-year period during which it lost clients and employees, and posted a huge loss of 8,000 crore in 2008-09. <br /> They are now a $1.2-billion company and they don’t have the resources to a build a full-fledged services line,” said John C McCarthy, vice-president and principal analyst at Forrester Research, referring to the company’s disclosure of the results for the past two years<br />
  7. 7. <ul><li>LIFE AFTER FRAUD CUTS LOSSES AFTER TECH-M TAKEOVER Mahindra pegs Satyam loss at 8kcr under Raju</li></li></ul><li>30 Sep 2010<br />Ex-SpiceJet CEO to join rival Kingfisher <br />Sanjay Aggarwal To Look After Air Carrier’s Revamp <br />FORMER SpiceJet CEO Sanjay Aggarwal is tipped to join Vijay Mallya-promoted Kingfisher Airlines in October as a senior member of the management team. <br />MrAggarwal stepped down as the CEO of SpiceJet in July soon after Southern media magnet KalanithiMaranacquired a 37.7% stake in Gurgaon-based low-cost airline.Thedecision of SpiceJet’s reconstituted board to hire Neil Mills of FlyDubai as the new head for SpiceJet is believed to have quickened MrAggarwal’s exit from the company. <br />
  8. 8. 01 Oct 2010<br />LAND DIVIDED, INDIA UNITED <br /> Ending 60 years of tortuous litigation, claims & counter-claims, hope & despair, Allahabad HC rules in favor of makeshift Ram temple on disputed site; rest of land to be divided between Hindus & Muslims <br />
  9. 9. 01 Oct 2010<br />Future, Spencer’s and More at your service <br />Destination Stores: Top Retail Chains Offer Plethora Of Consumer-Oriented Services <br />DESTINATION retailing is the new buzz in the country’s $20-billion organised retailing sector. Besides their regular offerings, top retailers now woo consumers through services such as salons, spa, laundry and even travel services. <br />Retail chains such as Spencer’s Retail, Hypercity, Future Group and Aditya Birla Retail have already initiated moves to convert their large-format outlets into destination stores that offer a plethora of consumer-oriented services. <br />

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