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News for week ended 7th November,2010

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News for week ended 7th November,2010 Presentation Transcript

  • 1. NEWS……………………… for week ended 7/11/2010
    By:- Robin Inderpal Singh
  • 2. Hu Jintao pips Obama to become most powerful person: Forbes
    Chinese President Hu Jintao has been named the most powerful person in the world.
    Ahead of US President Barack Obama who is ranked second.
    Sonia Gandhi ranks 9th on the Forbes 2010 list of the 'World's Most Powerful People.' Manmohan Singh comes in at number 18. 
    India's business tycoons Reliance Industries Chairman MukeshAmbani, Tata Sons Chairman Ratan Tata and head of ArcelorMittal, Lakshmi Mittal also make the list. 
  • 3. India among 40 most improved economies easing biz regulations
    India is among the 40 most- improved economies since 2005.
    India has made significant changes in improving business regulations at a steady pace.
    According to the International Finance Corporation, a wing of the World Bank.
    Reforms focused on technology--implementing electronic business registration, electronic filing for taxes, an electronic collateral registry, and online submission of customs forms and payments. 
  • 4. SKore's POSCO, Dongkuk sign Vale Brazil steel deal
    Iron ore miner Vale signed a preliminary deal to jointly build an intergrated steel mill in Brazil.
    The deal is with South Korean steelmakers POSCO and DongkukSteel.
    The plant, which is expected to be
    50 percent owned by Vale,
    30 percent by Dongkuk
    20 percent by POSCO
    seeks to produce 3 million tonnes of steel a year after its construction would be completed in 2014.
    The factory, to be located in Brazil's Ceara state will eventually have a capacity of 6 million tonnes a year
  • 5. Food inflation at 12.85 pc y/y as at Oct 23: Govt
     Food inflation rose 12.85 percent,
    While the fuel price index climbed 10.67 percent in the year to Oct. 23, government data showed.
    In the prior week, annual food and fuel inflation stood at 13.75 percent and 11.25 percent respectively. 
    The primary articles index was up 15.43 percent in the latest week compared with an annual rise of 16.62 percent a week earlier. 
    The wholesale price index , the most widely-used gauge of prices in India , rose 8.62 percent in September compared with an annual rise of 8.5 percent in August.
  • 6. Coal India up 39% on debut, boosts fund raising outlook
    Coal India shares surged as much as 39 percent in their $3.43 billion IPO debut.
    Investors snapped up a stock that is a proxy for surging growth and energy demand in Asia's third-largest economy. 
    India's dominant coal miner spurred demand from investors who applied for more than 15 times the number of shares on offer in the country's largest-ever IPO. 
     The stock rose as high as 340 rupees for a gain of 38.8 percent and accounted for more than half the volume traded on India's two main bourses. 
  • 7. hmm