Weekly news


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Weekly news

  1. 1. Weekly News
  2. 2. CIL, RIL past week's biggest m-cap losers • The market capitalisation (m-cap) of seven of the country's top-10 firms diminished by Rs 49,445 crore. • State-run Coal India and corporate major Reliance Industries losing the most. • The country's most valued firm Reliance Industries (RIL) saw its valuations eroding by Rs 11,224.26 crore to Rs 3,14,982.94 crore. • FMCG giant ITC's valuation also declined by Rs 2,303.93 crore to Rs 1,29,103.64 crore. • Telecom major Bharti Airtel, however, bucked the trend and added Rs 1,784.83 crore to its valuation which stood at Rs 1,26,666.28 crore.
  3. 3. VC firm Canaan Partners to invest $120m in Indian IT cos • Venture Capital firm Canaan Partners plans to invest up to $120 million over the next 2-3 years in the start up IT and telecom companies. • A huge potential for development in IT and telecom sector in India. • There is a huge opportunity in the consumer internet, e- Commerce, VAS technology and enterprise software products space as it is in development stage in India. • Start of new generation mobile telephony - 3G services - in India, there is enough scope for investment in telecom companies. • expect an addition of 50 million 3G subscribers in India. We are investing in telecom companies in 3-5 years horizon.
  4. 4. Sachin, MSD's IPL base price 1.84 crore, Sourav for 92 lakh • 62 Indian cricketers will be up for auction for the fourth edition of the Indian Premier League (IPL) with Indian captain Mahendra Singh Dhoni and the legendary Sachin Tendulkar in the top-bracket of cricketers valued at Rs 1.84 crore. • Tendulkar and Dhoni are likely to be retained by their respective franchises -- Mumbai Indians and Chennai Super Kings. • Former India captains Sourav Ganguly , Anil Kumble, Rahul Dravid along with VVS Laxman are in the third bracket which has a base price of Rs 92 lakh. • The cricketers who will command the highest base price of Rs 1.84 crore are Sachin Tendulkar, Mahendra Singh Dhoni, Virender Sehwag, Harbhajan Singh and Yuvraj Singh.
  5. 5. Contd… • The second bracket is that of Rs 1.3 crore where Twenty20 specialist Yusuf Pathan finds a place alongside speedster Zaheer Khan and the talented Suresh Raina. • The third bracket at Rs 92 lakh along with the likes of Virat Kohli, Irfan Pathan, Robin Uthappa, Ashish Nehra, Ishant Sharma, Praveen Kumar and veterans such as Ganguly, Kumble, Dravid and Laxman. • The fourth bracket is of Rs 46 lakh which consists of domestic cricketers and the fringe India players who have represented the country since 2005. • The fifth and final bracket is of Rs 23 lakh where there are India discards such as Manpreet Gony, Sudeep Tyagi, Sridharan Sriram to name a few.
  6. 6. 2G scam: Govt reaches out but BJP firm on JPC probe • The government reached out to BJP,it was ready for a discussion on 2G spectrum issue. • Supreme Court-monitored CBI probe but rejected the demand for a JPC, which failed to cut ice with the main Opposition. • Leader of the House in Lok Sabha and Finance Minister Pranab Mukherjee called NDA Working-Chairperson L K Advani and Leader of Opposition in Lower House Sushma Swaraj to discuss the continuing deadlock in Parliament over Opposition demand for a JPC probe. • Two BJP leaders that government could not agree to a JPC probe as the earlier experiences have not been good.
  7. 7. RIL ranked 20th in list of world's largest chemical firms • Reliance Industries has been named among the world's top 20 chemical companies in a global ranking. • The company led by industrialist Mukesh Ambani has been ranked at 20th position in the ICIS Top 100 Chemicals Companies list, which was topped by German major BASF. • Terming RIL and Chinese major PetroChina among the major climbers on the list over the past decade. • Reliance is a candidate for major acquisition, although it has failed to consummate deals recently. • The ICIS List of top players in the global chemical industry confirms that 2009 was a year of turmoil, but many companies have emerged from the downturn in solid shape.
  8. 8. Thanks
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