Power news6


Published on

Published in: Education
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Power news6

  1. 1. Power NEWS(27th Sept – 02nd Oct, 2010)<br />- SumitKalra<br />
  2. 2. Ayodhya verdict: Disputed land to be divided into 3 parts<br />Justices Khan and Agarwal decreed that the 2.7 acre land comprising the disputed site should be divided three equal parts and be given to Sunni Waqf Board, and the party representing 'Ram LalaVirajman'(Ram deity).<br />Sunni Wakf Board said it will move the Supreme Court against the Allahabad High Court order dividing the disputed land in Ayodhya among three parties and said they were not going to surrender it. <br />(http://economictimes.indiatimes.com/news/politics/nation/Ayodhya-verdict-Disputed-land-to-be-divided-into-3-parts/articleshow/6658856.cms)<br />
  3. 3. SEBI slams the door on non-compliant FIIs<br />Capital market regulator the (SEBI) said that 197 foreign institutional investors (FIIs) and 342 sub-accounts have not complied with the ‘broadbase structure’, which requires each sub-account to have at least 20 investors with no single investor holding more than 49% of the pool.<br />SEBI, in April, had given foreign investors six months to conform to the new rule that required them to have a broader investor structure. The deadline ended on September 30. <br />(http://economictimes.indiatimes.com/markets/stocks/market-news/SEBI-slams-the-door-on-non-compliant-FIIs/articleshow/6669038.cms)<br />
  4. 4. Forex kitty up nearly $4 bn to touch $292 bn<br />India's foreign exchange reserves rose $3.86 billion in the week ended September 24 largely largely due to mop-up inflows.<br />Foreign currency assets comprising dollars, British pounds and euro, among others, rose $3,781 million during the week.<br />The value of gold in reserves, however, did not change. <br />(http://economictimes.indiatimes.com/news/economy/indicators/Forex-kitty-up-nearly-4-bn-to-touch-292-bn/articleshow/6668353.cms)<br />
  5. 5. GDP growth figure to rise on new-look WPI<br />India’s economic growth numbers for the fiscal first quarter could be re-stated to 9% due to recent changes to inflation calculations, giving a ‘statistical boost’ to the economy.<br />The new series of wholesale price index (WPI) with 2004-05 base year, released last month, had shaved off 1.3 percentage points from the inflation figure for August calculated on the older series.<br />(http://economictimes.indiatimes.com/news/economy/indicators/GDP-growth-figure-to-rise-on-new-look-WPI/articleshow/6668049.cms)<br />
  6. 6. Govt not able to access BlackBerry messaging<br />BlackBerry's Canadian maker RIM has said it does not have a key to offer to Indian security agencies that would help decode emails.<br />As part of its broader electronic security crackdown, the Indian government also plans to send notices to Google and Skype to set up servers in India and allow full monitoring of communication.<br />(http://www.moneycontrol.com/news/current-affairs/govt-not-able-to-access-blackberry-messaging_488389.html)<br />
  7. 7. Super Sept: FIIs net buy Rs 29.19bn in equities so far<br />The Nifty added 734.7 points (13.58%) and the Sensex 2446.63 points (13.59%) during the month of September.<br />In the month of September so far, FIIs were net buyers of Rs 29,195.80 crore.<br />In the month of September so far, MFs were net sellers of Rs -5,606.30 crore.<br />(http://www.moneycontrol.com/news/fii-activity/super-sept-fiis-net-buy-rs-2919bnequities-so-far_488371.html)<br />
  8. 8. Market Watch<br />Top Gainers (Previous Week)<br />Top Losers (Previous Week)<br /> NSE   LIVE<br />6,143.40 <br />+113.45 (1.88%)<br /> BSE   LIVE<br />20,445.04 <br />+375.92 (1.87%)<br />(http://money.rediff.com/)<br />