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Weekly News Presentation Transcript

  • 1. WEEKLY NEWS (4 TH OCT – 10 TH OCT) Prabhjot Kaur 94972238294
  • 2. UMESH MODI GROUP ENTERS LIQUOR BUSINESS
    • Umesh Modi Group, which owns Modi Sugar and has interest in consumer and specialty goods, has signed a joint venture with Italian spirits maker Illva Saronno to enter the Indian spirits market.
    • The 50-50 venture, christened Modi Illva, will first launch Illva’s luxury vodka brand, Artic, in the Indian market.
    • The Umesh Modi Groupowns and markets prominent brands such as Betadine and Modi Revlon in India.
    • It is targeting $100 million turnover for its liquor marketing business
  • 3. CHINA'S CNOOC SIGNS LNG DEAL WITH GDF SUEZ
    • China's CNOOC to buy 2.6 million tons of liquefied natural gas from France's GDP Suez.
    • Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.
    • The deals come as the huge European gas supplier shifts its attention to Asia to offset relatively slow demand in its main markets in Europe and the United States.
  • 4. IMF PEGS INDIA'S GROWTH AT 9.7 PC IN 2010
    • The International Monetary Fund has projected that the Indian economy will grow by 9.7 percent in 2010 to 8.4 percent in the next fiscal.
    • But China is expected to grow at an even faster rate of 10.5 percent in 2010 and 9.6 percent in 2011.
    • Indian economy will grow more than 8.75 percent in the current fiscal helped by strong growth in the manufacturing sector.
  • 5. SIX MINISTRIES TO DECIDE ON FDI RETAIL
    • The Confederation of Indian Industry have stated that the FDI cap should be within the range of 49-51%.
    • Now foreign companies can operate the single-brand retail format or in the wholesale cash and carry business with FDI cap of 51%.
  • 6. RELIANCE RETAIL WORKS OUT JV WITH TOYS ‘R’ US
    • Close to signing pact with world’s leading toy retailer after UK based ’Hamleys’.
    • Toys ‘R’ Us is headquartered in New Jersey has an annual revenues in excess of $13 billion and owns world’s largest toy store at New York City’s Times Square.
    • The Toy Retail market worth 6000 Cr is highly untapped with unorganized player controlling more than 60%market share.
  • 7. THANK YOU 