6th weekly news

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6th weekly news

  1. 1. WEEKLY NEWS 27 Sep - 02 Oct <br />Submitted by :<br />Sambhavjain<br />
  2. 2. LIC to approach IRDA for floating infra bond<br />LIC, plane to approach sector regulator IRDA in the next 8-10 days to get the approval for floating infrastructure bonds.<br />Raising infrastructure bonds up to Rs.5000croe<br />Under infrastructure bonds , an individual; can invest Rs. 20000 and claim tax benefit apart from permitted under section 80(c)<br />
  3. 3. Nokia failed to keep pace with Rs. 30,000 mobile market in india, has seen market crash close to 20% in the first six moths of 2010.<br />Finnish company accounted for only 36.3% handsets sales in india due to growing competetion from new mobile makers, micromax, spice, lava etc.<br />NOKIA loses 20% market in six months<br />
  4. 4. Tatas have decided to replace the Corus name with Tata brand and logo.<br />Corus joined Tata Steel family on April,2007 after the Jamshedpur based steelmaker paid $12 billion.<br />Corus logo to make way for Tata steel brand<br />
  5. 5. SAAB owner and luxury car maker Spyker is in talks with German peer BMW about parts and technology in a move to treble its sales volumes.<br />Loss making Saab which was bought earlier this year by Dutch listed Spyker from US based General Motors.<br />SAAB owner in talks with BMW for parts & technology<br />
  6. 6. US IT giant IBM will provide BhartiAirtel with an IT infrastructure that can support 500 million customers across the globe.<br />Earlier this month BhartiAirtel took the initial steps to replicate its hugely successful outsourcing model in Africa by awarding a $1.5 billion contract to IBM for managing its IT requirement across 16 countries.<br />IBM to boost Airtel IT infra to service 500 billion customers<br />
  7. 7. Wal Mart stores the world’s largest retailer plans to buy Massmart holdings for $4.6 billion entering Africa in its biggest deal in more than a decade.<br />Massmart shares rose as much as 16.68 rand to 151.43 rand and traded at 149.5 rand giving the company a market value of about 30 billion rand.<br />WAL-MART eyes Africa with $4.6 billion deal<br />
  8. 8. Thank You <br />

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