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Weekly news 1 - 5th nov
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Weekly news 1 - 5th nov

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  • 1. 1 – 5th Nov 2010 Amit Chawla Mba 2B
  • 2. Happy Diwali
  • 3.  ARVIND Mills, the country’s largest denim manufacturer, is looking to set up facilities in Sri Lanka and South Africa to expand its manufacturing reach and and retail presence in India and abroad, over three to four years  “We are exploring similar opportunities in other developing countries including South Africa and Sri Lanka that have cost advantage for manufacturing.We will soon send a team for evaluating the prospects,” chairman Sanjay Lalbhai told ET.  The Sanjay Lalbhai-owned, 3,500-crore textile major, would invest around 1,000 crore on the programme. 1st Nov
  • 4.  THE Reserve Bank of India (RBI) said food prices may stay high despite a bountiful monsoon as rising incomes puncture the theory that ‘supply-side factors’ kept prices high, a shift that sets the stage for a sixth interest rate hike this year.  “A good kharif harvest will act as a major dampener on short-term food price inflation,”  MOST now expect a 25-basis point increase in the rate at which banks borrow from the central bank and for deposits with it. 2nd Nov
  • 5.  Raw sugar rose for a fifth day onTuesday in NewYork to a 29-year high amid speculation that India may limit exports as it rebuilds inventories.  India, the world’s second-largest sugar producer, became the biggest importer last year as adverse weather damaged crops. 3rd Nov
  • 6.  TheWorld Bank onWednesday raised its forecasts for economic growth in China this year and next, saying that strong domestic fundamentals will help offset an expected slowdown in the global economy.  In a quarterly update on China’s economy, it said that the world’s second-largest economy would likely grow by 10% thisyear, up from an earlier forecast of 9.5%. Next year’s estimate was lifted to 8.7% from 8.5%. 4th Nov
  • 7.  LG, Godrej,Whirlpool Plan Price Hikes To Ease Margin Pressure  PRICES of refrigerators, washing machines, microwave ovens and air- conditioners will rise 3-5% 5th Nov
  • 8. Have a coke……..open happiness