Presentation on economic times

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Presentation on economic times

  1. 1. Tanvi Sharma<br />MBA-2C<br />Presentation on Economic Times<br />
  2. 2. Biyani eyes Rs 10,000-cr revenue from food biz in 4 years<br />The future group is eyeing around 10,000-cr revenue from its food business over the net 3-4 years with aropund 40% growth in this fiscal<br />The group presently has 210 Big Bazaar and Food Bazaar stores.<br />“Secret behind group’s increasing success is the creation of cost-control committee and focus on exsiting businesses without changing prices of our product,” the Future Group's Chief said.<br />
  3. 3. Toyota to start production of ‘ETIOS’<br />World’s largest car manufacturer Toyota will be starting trial production of its much anticipated car ‘Etios’ for Indian market from next month.<br /> Toyota entered India through a joint venture with the Kirloskar Group. A sum of Rs 3,200-cr will be invested to set up its second manufacturing facility in Bangalore.<br />
  4. 4. Continued………..<br />Over 2,000 engineers from Toyota’s Indian and Japanese operations have been working on this model from last 4 years<br />
  5. 5. Tech Mahindra CEO Sanjay Kalra quits firm after six years<br />Tech Mahindra CEO Sanjay Kalra has resigned from the firm after spending around six years in its management.<br />Vineet Nayyar, who is the vice-chairman of Tech Mahindra will take over the operational responsibilities of CEO.<br />Sanjay Kalra is quitting at a critical point when Satyam Computer Services and Tech Mahindra are to be merged after Satyam’s accounts are re-stated.<br />
  6. 6. Oil companies set to hike prices by up to 70 paise per litre<br />Government decontrolled petrol prices on June 26, 2010 and state-owned oil companies are all set to use their pricing freedom for the first time. <br />The three public sector oil marketing companies (OMCs)—Indian Oil, Bharat Petroleum, and Hindustan Petroleum—will meet to work out a mechanism to peg pump prices of petrol to international prices.<br />
  7. 7. Misclleneous News<br />MukeshAmbani has been elected to World Economic Forum’s board by Foundation Board.<br />IDBI bank has received best Public Sector bank for financing SMEs in Polaris software Banking Awards 2010.<br />Panasonic will be investing Rs 1,400-cr in coming 3-4 years in Indian market to establish itself as home appliance major.<br />
  8. 8. Continued………….<br />India is the largest recipient of World Bank loans in 2009-10. World Bank has provided USD 9.3 billion financial assistance to India.<br />

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