Weekly news

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Weekly news

  1. 1. WEEKLY NEWS
  2. 2. WORLD STOCKS UP AS G-20 VOWS TO AVOID CURRENCY WAR  World stocks rose and the dollar slumped.  Vowed to avoid a currency war that could derail the global recovery.  Investors are wary that this may only prove a temporary truce.  The communiqué is wide open to varying interpretations.
  3. 3. JAGUAR LAND ROVER IN TALKS WITH CHINESE AUTOMAKER FOR JV  Tata Motors, is in talks with a Chinese Automaker  Establish a Manufacturing and Sales Joint Venture.  A Joint Venture could boost the Jaguar and Land Rover brands in China.  Planning to widen its offering in premium Jaguar cars.  Emerged as the Third-Largest Market.
  4. 4. ICICI BANK, AMERICAN EXP LAUNCH PREPAID TRAVEL CARD  Fast-expanding Customer Segment of discerning Travellers  Frequent Travel Schedules for both Business and Leisure.  Card will allow Customers to have access to 13,000 offers from over 10,000 Merchants.  Customers will also have useful services and benefits, such as a 24x7 Customer Hotline.  Association with American Express.
  5. 5. PM MANMOHAN SINGH URGES CLOSER JAPAN TIES FOR ASIAN GROWTH  Ties with Japan to bolster Asian Economic Growth.  Struggles to offset the risk of its growing dependence on Giant Rival China.  Hold annual ministerial economic talks.  Japanese firms access to India's fast-growing market.  Japan wants to cultivate India as a strategic partner to offset problems in its relationship with China.
  6. 6. JOHNSON & JOHNSON IN TROUBLE FOR 10,000 FAULTY HIP REPLACEMENTS  Facing a Multi-Million-Pound Legal Claim  Over 10,000 Patients have been recalled to Hospital to have their Operations Reviewed.  Components used to Cushion and fix the Artificial Joint were causing Tumours and depositing Toxic Metal in the Blood.  Patients receiving the faulty ASR hip Implant  Causing Inflammation and Benign Tumours to Form.
  7. 7. TATA DOCOMO KEEN ON BUYOUTS  Buy other Indian Telecom Operators.  Regulatory framework becomes conducive to Telecom consolidation.  They have the ability to increase Subscribers  Tata DoCoMo have merely 4.4 Mhz of Radio Bandwidth.  Acquirers await final regulations on the fees the Government will charge in Transactions.
  8. 8. THANKS

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