Weekly news

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Weekly news

  1. 1. Weekly News<br />
  2. 2. Kingfisher owes Bharat Petroleum Rs 245 crore<br />Kingfisher Airlines owes Rs 245 crore to Bharat Petroleum Corporation (BPCL) on account of buying Aviation Turbine fuel (ATF), (As per BPCL's Chairman and Managing Director S Radhakrishnan)<br />Though BPCL stopped credit and started cash-and-carry mode for Kingfisher, the airline is now not buying from BPCL<br />BPCL has opened ATF outlets at seven more airports in the country and as of now has a presence in 30 airports in the country. BPCL's in and out retail formats started making profits and its total turnover has reached Rs 350 crore, he said. <br />
  3. 3. South Korean car maker, Hyundai, plans to tweak its existing Indian operations to expand the manufacturing capacity.<br />It aims to take its share to 22% of the total cars sold in the domestic market. <br />CEO & MD, Hyundai Motor : HW Park<br />Hyundai to raise capacity to ensure 22% market share<br />
  4. 4. Approximately 40,000 trees have been either felled or transplanted for Delhi’s preparation of Commonwealth Games 2010. <br />Apart from the financial burden of creating world class infrastructure and transport facilities Delhites have to bear the loss of its green cover as the compensatory plantation cannot in any way compensate for the loss of a fully grown, mature tree.<br />Commonwealth with less green<br />
  5. 5. Monsoon likely to ebb after September 25<br />the monsoon seems to be withdrawing resulting in a drastic reduction of rainfall across India and northern India in particular.<br />According the Japanese Meteorological Agency (JMA), rainfall in general will also reduce in the two weeks after September 25. <br />Excessive rains in July have already hit the paddy crop of around four lakh hectares in both Punjab and Haryana. <br />
  6. 6. <ul><li>SEBI has rejected the MCX-SX’s applications for stock and debt trading platforms stating non-compliance with the shareholding rules.
  7. 7. For the compliance of MIMPS rules, MCX-SX has stated that the capital reduction had been suggested by SEBI chairman</li></ul>SEBI rejects MCX-SX plea for operations <br />
  8. 8. Maruti Suzuki re-appoints Shinzo Nakanishi for three years<br /><ul><li>The country's largest carmaker Maruti Suzuki India (MSI) has re-appointed its MD and CEO Shinzo Nakanishi.
  9. 9. He has been re-appointed for three years with effect from December 19, 2010.
  10. 10. Nakanishi had joined the Japanese auto giant Suzuki Motor Corporation's Indian subsidiary in 2007. </li>

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