2. Dell becomes number-one in desktop PC
market in India
• Dell became the No. 1 in the desktop segment for the first
time with a market share of 9.8 per cent
• clinched the top position in the India desktop PC market
• The company is targeting both high and low-end users with
the two smart phones, dubbed XCD28
• Dell had overtaken global rival HP for the first time in the
Indian overall PC segment
3. China may match Obama support for
India for UN seat
• Chinese premier may announce a more evolved position on
India's bid for a permanent seat on the UN Security Council
• Beijing may surprise New Delhi and belie critics who think
the US support was meant to counter China's ascent on the
global stage
• Wen is coming to India amid a stressful period in bilateral
relations that has been clouded by a host of issues,
including the Chinese stapled visas for Indian citizens
4. Indra Nooyi keeps mystery alive on Tata
top job offer
• She said that she has not been made a job offer as
Ratan Tata’s successor
• “If Ratan had asked me, it would have been difficult to
trade a great job for another great job”, said Indra Nooyi
• Said Indra Nooyi “I love my job. I love being the CEO of
PepsiCo... My job as CEO, PepsiCo, is not done”
5. Power Grid FPO fully subscribed in retail
portion
• Power Grid Corp of India's share sale worth up to $1.7
billion was fully subscribed in the retail portion
• The strong response to the FPO is on the lines of that
seen when the company had come out with its IPO in
September 2007
• The fall in the share price was attributed to the wide
discount between the current market price and the FPO
price
• Power Grid's FPO is part of the government's plan to
raise Rs 40,000 crore in the current financial year
through divesting stake in various PSUs
6. China steadily closing gap with India as
top BPO destination
• China's outsourcing industry is steadily closing the gap
with leader India
• China is gradually narrowing its revenue gap from India
with a huge 30 percent growth compared with India's 14
percent
• “While India continues to remain the leader, the rest of
the offshore countries are now beginning to mature,"
Vives said
7. India OK with $70 bn capital inflows,
eyeing QE2
• India can manage capital inflows of up to $70 billion and
there is no need yet to impose curbs
• The need to act on capital flows has not come yet, but
we will need to watch capital flows," said C. Rangarajan
• India's response to the move has been muted in
comparison with other nations like China, South Korea
and Brazil, offering some comfort for the United States
• Asia's third-largest economy needs foreign inflows to
bridge its widenining current account deficit
