Economic Times Presentation(13 Sept- 18 Sept)<br />Tanvi Sharma<br />MBA-2C<br />
India, China rule Forbes’ Asia Pacific list<br />Infosys, TCS, ITC and Mahindra & Mahindra are amongst 16 Indian companies...
Continued…….<br />Axis Bank’s revenues rose by 29% to hit $3.4 billion. It is currently having assets of around $41 billio...
GE to set up plant in India<br />General Electronic plans to set up a new manufacturing plant in India with an investment ...
Sharp rise in ATM transactions<br />Transaction on third-party ATMs have almost doubled from the beginning of the year.<br...
ZTE bags $200 million RCOM contract<br />ZTE Corporation (Chinese telecom equipment supplier) has bagged two contracts wor...
Metro Cash to start operations in Punjab <br />German retailer Metro C & C would make its wholesale distribution centers a...
Weekend News
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Weekend News

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Weekend News

  1. 1. Economic Times Presentation(13 Sept- 18 Sept)<br />Tanvi Sharma<br />MBA-2C<br />
  2. 2. India, China rule Forbes’ Asia Pacific list<br />Infosys, TCS, ITC and Mahindra & Mahindra are amongst 16 Indian companies named in Forbes’ magazine ‘s 2010 compilation of Asia Pacific’s 50 biggest companies.<br />India and China together account for 32 out of 50 companies in Forbes’ 6th annual Asia’s fabulous 50 listed companies.<br />Axis Bank and ITC are the best performers in their respective industries.<br />
  3. 3. Continued…….<br />Axis Bank’s revenues rose by 29% to hit $3.4 billion. It is currently having assets of around $41 billion.<br /> Axis Bank’s net profits also increased by 57% to reach $553 million. Axis bank is looking to add 200 more branches to its current figure of 1,055 branches. <br />
  4. 4. GE to set up plant in India<br />General Electronic plans to set up a new manufacturing plant in India with an investment of up to $50 million.<br />It will also be hiring around 3,000 people for its technology centre. Currently it has 5,000 persons working for it.<br />
  5. 5. Sharp rise in ATM transactions<br />Transaction on third-party ATMs have almost doubled from the beginning of the year.<br />Transactions from ATMs have increased from 5.68 crore in January to 10.18 crore in August.<br />Number of ATMs have increased from 53,906 to 61,702.<br />
  6. 6. ZTE bags $200 million RCOM contract<br />ZTE Corporation (Chinese telecom equipment supplier) has bagged two contracts worth Rs 1,220 crore from domestic mobile operators.<br />ZTE recently had a Rs 300-crore WiMAX deal with BSNL. Now ZTE has clinched a near $200-million contract from RCOM to supply a mix of 3G and 2G gear in eight circles.<br />
  7. 7. Metro Cash to start operations in Punjab <br />German retailer Metro C & C would make its wholesale distribution centers at Zirakpur and Ludhiana by mid-2011.<br />Metro signed an MOU with the Punjab Government in 2009 to open six such stores.<br />Metro will be investing around Rs 900 crore in Punjab. Metro’s Stores across Punjab will be creating 1,000 jobs for local youth.<br />

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