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Weekly news Weekly news Presentation Transcript

  • By: Deepika Singh MBA 2A
    • As the process to infuse Rs 1,200 crore as additional equity in Air India takes shape, the national carrier might ask for another Rs 2,000 crore from the government in the next financial year to repay its massive debt.
    • The airline would require Rs 3,000-Rs 4,000 crore annually to pay off its debt, which is primarily on account of aircraft induction.
    • DoT has asked for 100% subscriber reverification by October 30, which is posing a huge challenge for operators considering that the mobile subscriber base has crossed 670 million.
    • This is wthe largest database of citizens in the country, surpassing the number of driving licences, passports, PAN cards or even election cards.
    • NTPC Chairman and Managing Director Arup Roy Choudhury told that the first phase (660 mw) of the 1,980 mw power plant in Chhattisgarh's Bilaspur district will become operational in December, and the second phase, also of same capacity, in March next year.
    • Adobe Systems Inc's stock skyrocketed on Thursday after a media report stirred speculation it might become an acquisition target for Microsoft Corp.
    • It closed up 11.5 per cent at $28.69 on the Nasdaq . Microsoft shares were up 0.4 percent at $24.53.
    • Food inflation eased marginally to 16.24% for the week ended September 25, from 16.44% in the previous week, as improved supplies lowered prices.
    • The index for primary articles rose 0.1% during the week, pushing up inflation to 18.53%, but fuel inflation remained unchanged at 10.73%
    • In annual rankings of the 100 most powerful women , released Wednesday, Forbes says President Barack Obama's wife has been a ``true change-maker'' since coming to the White House .
    • Mrs. Obama displaced German Chancellor Angela Merkel, who had held the top spot for the past four years.
    • The US first lady landed in 40th place on Forbes' 2009 list.