Power NEWS(23-29 August, 2010)<br />- SumitKalra<br />
DTC gets Cabinet nod<br />Income tax exemption limit to be raised from `1.6 lakh to `2.0 lakh.<br />Income of up to 2.0-5....
Mahindra-SsangYong Deal<br />M&M plans to bring Ssangyong vehicles to India after deal<br />SUV- Korando, Kyron and Actyo...
Vedanta-Cairn Buyout<br />Transaction Highlights:<br />Vedanta Group to acquire 51% to 60% of Cairn India Limited (“Cairn ...
BlackBerry Ban<br />India may extend deadline on BlackBerry security row<br />1. India may extend an Aug. 31 deadline in i...
Rising Prices<br />Food Inflation at 14.75% - 27 August,2010.<br />Pulses import bill may go up as rains damage Canada cro...
India largest recipient of World Bank loans in 2009-10<br />The World Bank, through its lending arms IBRD and IDA, committ...
Market Watch    <br />Top Gainers (Pervious Week)<br />Company         Group                  Previous Close (Rs)    Curre...
Power news
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Power news

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Power news

  1. 1. Power NEWS(23-29 August, 2010)<br />- SumitKalra<br />
  2. 2. DTC gets Cabinet nod<br />Income tax exemption limit to be raised from `1.6 lakh to `2.0 lakh.<br />Income of up to 2.0-5.0 lakh will face 10%.<br />`5.0- `10.0 lakh will attract 20%.<br />Income over `10.0 lakh will face tax at the rate of 30%.<br />(http://economictimes.indiatimes.com/articleshow/6443147.cms)<br />
  3. 3. Mahindra-SsangYong Deal<br />M&M plans to bring Ssangyong vehicles to India after deal<br />SUV- Korando, Kyron and Actyon.<br />Mahindra & Mahindra to complete Ssangyong buy in 4 months<br />Analysts pegged that the takeover cost could be around $500 mn. Ssangyong has a debt of $640 mn. M&M had earlier said that it would acquire a debt-free company.<br />(http://economictimes.indiatimes.com/articleshow/6432929.cms)<br />
  4. 4. Vedanta-Cairn Buyout<br />Transaction Highlights:<br />Vedanta Group to acquire 51% to 60% of Cairn India Limited (“Cairn India”) for an aggregate consideration of approximately US$ 8.5-9.6 billion in cash.<br />Post completion it is expected that Vedanta Resources PLC (“Vedanta”) will hold 31-40% of Cairn India directly and Sesa Goa Ltd (“Sesa Goa“) will hold 20%.<br />Shares acquired from Cairn Energy PLC (“Cairn Energy”) to be acquired at a price of `355 per share; Vedanta will also pay a non-compete fee of `50 per share.<br />(http://www.vedantaresources.com/uploads/vedrelease_final.pdf)<br />
  5. 5. BlackBerry Ban<br />India may extend deadline on BlackBerry security row<br />1. India may extend an Aug. 31 deadline in its standoff with Research In Motion over access to Blackberry data.<br />2. BlackBerry security is based on a system where the customers create their own key and the company neither has a master key nor any "back door" to allow RIM or any third party to gain access to crucial corporate data.<br />(http://economictimes.indiatimes.com/articleshow/6446751.cms)<br />
  6. 6. Rising Prices<br />Food Inflation at 14.75% - 27 August,2010.<br />Pulses import bill may go up as rains damage Canada crop: Due to heavy crop damage in Canada, which is one of the largest exporters of pulses, prices may go up. <br />2. Annually, about 12-15% of the country’s total demand for pulses is met through imports. Canada is among the largest exporters of pulses to India, along with Australia, Myanmar and the US .<br />“India is the largest producer of pulses in the world, but is not self-sufficient”- SharadPawar(food and civil supplies minister).<br />(http://economictimes.indiatimes.com/articleshow/6290487.cms)<br />
  7. 7. India largest recipient of World Bank loans in 2009-10<br />The World Bank, through its lending arms IBRD and IDA, committed USD 9.3 billion in financial assistance to India in the 2009-10 fiscal.<br />The International Bank for Reconstruction and Development (IBRD) committed USD 6.7 billion, or 15.1 per cent of its total lending in the fiscal, to India.<br />The International Development Association (IDA), which helps the world's poorest countries, committed 17.7 per cent of its total aid, amounting to USD 2.6 billion, to India in 2009-10.<br />(http://economictimes.indiatimes.com/news/economy/finance/India-largest-recipient-of-World-Bank-loans-in-2009-10/articleshow/6455478.cms)<br />
  8. 8. Market Watch <br />Top Gainers (Pervious Week)<br />Company Group Previous Close (Rs) Current Price (Rs) % Change<br />Top Losers (Pervious Week)<br /> BSE   LIVE<br /> 17,998.41  <br />-227.94 (-1.25%)<br /> NSE   LIVE<br /> 5,408.70   -69.20 (-1.26%)<br />(http://money.rediff.com/)<br />
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