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Weekly news
Weekly news
Weekly news
Weekly news
Weekly news
Weekly news
Weekly news
Weekly news
Weekly news
Weekly news
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Weekly news

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Transcript

  • 1. WEEKLY NEWS
  • 2. Sensex extends losses for second week in a row, down 571 points  Markets continued to decline for the second consecutive week.  Due to heavy all round selling pressure from Operators as well as Investors.  Slow down in capital inflows too left an adverse impact.  US funds will close positions in emerging market stocks ahead of the year-end to cash in on recent gains.
  • 3. PM files affidavit in SC, says Swamy's letters duly considered  Prime Minister Manmohan Singh filed an affidavit in the SC in connection with the 2G Spectrum case.  The affidavit has been filed through Director, PMO , K Vidyawati on behalf of the Prime Minister.  11-page affidavit all the letters written by Subramanium Swamy have been given serious consideration by the PMO.  The need to deal effectively with the "threats of corruption and crony capitalism” .
  • 4. Contd…  Prime Minister Manmohan Singh promised action against anybody for any "wrong thing" done in the 2G spectrum allocation.  There should be no doubt in anybody's mind that if any wrong thing has been done by anybody, he or she will be brought to book.
  • 5. Why should I quit; did nothing wrong: K'taka CM  Karnataka CM B S Yeddyurappa ruled out his resignation, maintaining that he has not committed anything Wrong.  BJP's Core Committee last night discussed allegations of land scams against him .  he insisted that there is no question of change in leadership in the remaining two-and-half-years of the state government's term.  Retired Supreme Court judge would conduct the probe into denotification of land since 1994.  Asked to submit his report within six months.
  • 6. Contd…  He is ready to quit politics if the Judicial inquiry finds he has committed anything Wrong.  CM said he would provide to BJP MPs all information on allegations against him, as well as those pertaining to the alleged "scams“ of Devegowda and his son and former Chief Minister H D Kumaraswamy.
  • 7. Pamela Anderson helps Bigg Boss pip KBC  Pamela Anderson's 'dhak dhak' to help Bigg Boss beat Big B's Kaun Banega Crorepati.  The fourth edition of the Amitabh Bachchan-hosted KBC , which has consistently topped the popularity chart among television shows.  It has been bested by Bigg Boss although by an extremely narrow margin — thanks largely due to the interest generated by Anderson's entry into the show.
  • 8. Sunil Mittal says long-term growth priority in Africa  Bharti acquired the African telecoms assets of Kuwaiti group Zain in a $9 billion deal.  “Biggest future Continent" for telecoms and making it the world's fifth-biggest mobile Operator.  "Investors will tell you they want growth rather than good profitability.  Bring our business model, which is low cost, low tariffs, wide networks into Africa, and particularly Nigeria, but we are not here for a price war.
  • 9. Contd…  Biggest challenges in Nigeria included infrastructure and electricity.  Country is hit by frequent power outages and urged the Nigerian government to reduce taxes to promote further investment in the sector.
  • 10. Thanks

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