Weekly news presentation 4
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    Weekly news presentation 4 Weekly news presentation 4 Presentation Transcript

    • Weekly news presentation Presentation 4
    • EIH rights offer may help RIL raise stake
      • EIH , owner of the Oberoi and the Trident hotel chains said it would issue rights shares, sparking speculation that the promoters as well as the Mukesh
      • recently bought over 14.8% in the company, could buy unsubscribed portion of the issue to raise their holdingsAmbani-controlled Reliance group
      • On August 30, RIL bought the stake which was later scaled up to 14.8%
      • EIH shares closed 1% down at 136.7 on Monday. The stock, in fact, has fallen substantially from the 52-week high of 180.8 recorded on August 31.
    • Sensex breaches 20k, Nifty 6000
      • The bulls continued to rule the Indian bourses and took the Sensex past the 20k mark Tuesday. 
      • the Bombay Stock Exchange’s benchmark Sensex traded at 20,051.90, higher by 145.80 points or 0.73 per cent. The 30-share index opened the day at 19,925.79 against Monday’s close of 19,906.10. The index recorded a high of 20,088.96.
      • Nifty breached the 6k mark to touch 6014.55, advancing by 34.1 points or 0.57 per cent
    • Connect to pump in Rs.150 cr. To expand broadband and business
      • Connect is investing Rs.150 cr. In Punjab to expand its broadband business.
      • HFCL infotel brand already invest 1500 cr. in se broadband ,CDMA and landline service.
      • Company expanding its optical fiber network 4500km to 5000km to cover more area .
      • Acquisition between Connect and Videocon will open all circle for connect for which Videocon has license.
    • Indian IT created 7000 jobs in U.S. in Aug.
      • Indian IT companies created 7000 jobs in U.S. in last month.
      • 2.5 lakh jobs over the last three years
      • Nasscom president Som Mittal had wanred that if working in U.S. become pain then $50b
      • IT industry set another business model to create job in India.
    • Sensex hits MT 19k after 32 months
      • Indian shares have entered a new bull market with a 20% gain from 2010 lows and so have other emerging market as investors from developed nations chase returns.
      • This may continue as central banks keep interest rates of record lows.
      • These rates are forcing investors to borrow at cheap prices and invest in emerging markets.
    • Ford plans to launch 8 new vehicle, make India export hub
      • Ford plans to launch 8 new models in India by mid decade.
      • India’s auto market is fast growing.
      • This is to make an export hub.
      • Company MD michael Borreham said the company has to be there in small car segment.