Weekly news presentation 4


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Weekly news presentation 4

  1. 1. Weekly news presentation Presentation 4
  2. 2. EIH rights offer may help RIL raise stake <ul><li>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 </li></ul><ul><li>recently bought over 14.8% in the company, could buy unsubscribed portion of the issue to raise their holdingsAmbani-controlled Reliance group </li></ul><ul><li>On August 30, RIL bought the stake which was later scaled up to 14.8% </li></ul><ul><li>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. </li></ul>
  3. 3. Sensex breaches 20k, Nifty 6000 <ul><li>The bulls continued to rule the Indian bourses and took the Sensex past the 20k mark Tuesday.  </li></ul><ul><li>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. </li></ul><ul><li>Nifty breached the 6k mark to touch 6014.55, advancing by 34.1 points or 0.57 per cent </li></ul>
  4. 4. Connect to pump in Rs.150 cr. To expand broadband and business <ul><li>Connect is investing Rs.150 cr. In Punjab to expand its broadband business. </li></ul><ul><li>HFCL infotel brand already invest 1500 cr. in se broadband ,CDMA and landline service. </li></ul><ul><li>Company expanding its optical fiber network 4500km to 5000km to cover more area . </li></ul><ul><li>Acquisition between Connect and Videocon will open all circle for connect for which Videocon has license. </li></ul>
  5. 5. Indian IT created 7000 jobs in U.S. in Aug. <ul><li>Indian IT companies created 7000 jobs in U.S. in last month. </li></ul><ul><li>2.5 lakh jobs over the last three years </li></ul><ul><li>Nasscom president Som Mittal had wanred that if working in U.S. become pain then $50b </li></ul><ul><li>IT industry set another business model to create job in India. </li></ul>
  6. 6. Sensex hits MT 19k after 32 months <ul><li>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. </li></ul><ul><li>This may continue as central banks keep interest rates of record lows. </li></ul><ul><li>These rates are forcing investors to borrow at cheap prices and invest in emerging markets. </li></ul>
  7. 7. Ford plans to launch 8 new vehicle, make India export hub <ul><li>Ford plans to launch 8 new models in India by mid decade. </li></ul><ul><li>India’s auto market is fast growing. </li></ul><ul><li>This is to make an export hub. </li></ul><ul><li>Company MD michael Borreham said the company has to be there in small car segment. </li></ul>