Power NEWS(20th– 26thSept, 2010)<br />- SumitKalra<br />
Food inflation continues to accelerate<br />The food inflation continued to accelerate in the year to September 11, mainta...
PM to launch UID scheme on Sep 29<br />Under the scheme, a 12-digit unique number will be provided to every citizen of the...
Foreign funds pump in $4.4 bn in September<br />Foreign funds have been investing heavily in the Indian capital market for...
India bribed 72 nations to get Delhi CWG<br />India bribed 72 Commonwealth countries $100,000 each to get the hosting righ...
India will solve BlackBerry issue: Canada<br />India withdrew a threat to ban BlackBerry service for at least two months w...
Hyundai to recall 139,500 Sonata Sedans in US<br />South Korea's top automaker, will recall some 139,500 Sonata sedans sol...
Market Watch<br />Top Gainers (Previous Week)<br />Top Losers (Previous Week)<br /> NSE   LIVE<br />6,018.30 <br />+58.75(...
Power news5
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Power news5

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Power news5

  1. 1. Power NEWS(20th– 26thSept, 2010)<br />- SumitKalra<br />
  2. 2. Food inflation continues to accelerate<br />The food inflation continued to accelerate in the year to September 11, maintaining expectations of another rate hike by the year end. <br />The food price index rose an annual 15.46 per cent in the week to September 11, compared with 15.10 per cent a week ago. The annual fuel price inflation of 11.48 per cent was flat on the week.<br />The primary articles index rose 16.80 per cent, faster than the week-ago increase of 16.22 per cent. <br />(http://economictimes.indiatimes.com/news/economy/indicators/Food-inflation-continues-to-accelerate/articleshow/6612179.cms)<br />
  3. 3. PM to launch UID scheme on Sep 29<br />Under the scheme, a 12-digit unique number will be provided to every citizen of the country. As per the plan, the number will be given to 100 million people by the end of the current financial year and cover around 600 million Indians by 2014.<br />The programme is being overseen by the Unique Identity Development Authority of India (UIDAI), which was set up in June 2009 and is headed by Infosys Technologies Ltd co-founder NandanNilekani. <br />(http://economictimes.indiatimes.com/articleshow/6614801.cms)<br />
  4. 4. Foreign funds pump in $4.4 bn in September<br />Foreign funds have been investing heavily in the Indian capital market for the last four weeks, driving the country's benchmark Sensex over 11 percent higher. <br />The FII pumped in $297.39 million Friday, taking total investment in Indian shares to $17.3 billion so far this year. <br />The Bombay Stock Exchange (BSE) has gained nearly 15 percent this year, helped mainly by continued flow of foreign funds. <br />(http://economictimes.indiatimes.com/news/economy/finance/Foreign-funds-pump-in-44-bn-in-September/articleshow/6626701.cms)<br />
  5. 5. India bribed 72 nations to get Delhi CWG<br />India bribed 72 Commonwealth countries $100,000 each to get the hosting rights for the scandal-hit 19th edition of the Games which will start in Delhi from October 3-14.<br />The report also said that Australia received a kickback of $125,000 from India. <br />(http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/India-bribed-72-nations-to-get-Delhi-CWG-Report/articleshow/6616058.cms)<br />
  6. 6. India will solve BlackBerry issue: Canada<br />India withdrew a threat to ban BlackBerry service for at least two months while it reviewed RIM’s proposals to give security agencies greater access to corporate email and instant messaging.<br />One possible compromise could be to set up a BlackBerry Messenger server in India for instant messaging, but keep key corporate enterprise email servers abroad. <br />(http://economictimes.indiatimes.com/news/politics/nation/India-will-solve-BlackBerry-issue-Canada/articleshow/6628355.cms)<br />
  7. 7. Hyundai to recall 139,500 Sonata Sedans in US<br />South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to steering issues that could cause a loss or reduction of steering control.<br />Hyundai has been one of the stronger performers in the US auto sector in recent years, gaining market share and logging an 8.3 per cent sales increase in 2009.<br />(http://economictimes.indiatimes.com/news/international-business/Hyundai-to-recall-139500-Sonata-Sedans-in-US/articleshow/6630102.cms)<br />
  8. 8. Market Watch<br />Top Gainers (Previous Week)<br />Top Losers (Previous Week)<br /> NSE   LIVE<br />6,018.30 <br />+58.75(0.99%)<br /> BSE   LIVE<br />20,045.18   <br />+184.17 (0.93%)<br />(http://money.rediff.com/)<br />

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