Weekly news 2


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Weekly news 2

  1. 1. Weekly News: 30-08-2010 to 05-09-2010 Compiled by: Taranpreet Kaur Mba-2(A)
  2. 2. Maruti Suzuki to build new auto plant in Manesar; to produce 2.5L vehicles a year <ul><li>Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near New Delhi in a bid to meet growing demand in the country. </li></ul><ul><li>Maruti Suzuki India Ltd., a local subsidiary of Suzuki, plans to construct the new plant in Manesar near its assembly base, with operation scheduled to begin in 2013. </li></ul><ul><li>The plant, its third in Manesar, will be built at a cost of 30 bn yen (356 mn dollars) with an annual capacity of 250,000 vehicles </li></ul>
  3. 3. Rishad Premji is Wipro's new strategy boss <ul><li>Rishad Premji, one of the heirs to Azim Premji’s nearly $17-b empire, will get a chance to prove his management mettle at the top echelons of Wipro after he was appointed chief strategy officer of India’s third-biggest software services exporter. </li></ul>
  4. 4. <ul><li>The 33-year-old Rishad, widely perceived as Mr Premji’s successor at Wipro, will chart future strategy, identify new business areas and help draw up a vision plan. He will report to the joint CEOs, Suresh Vaswani and Girish Paranjpe. </li></ul><ul><li>“ The changes will be effective January 2011. However, Rishad will move into the strategy function from September 1, 2010. </li></ul>
  5. 5. After bidding Tata good bye, Ratan wants to just break free <ul><li>Ratan Tata, who has spent the better part of his life in the last two decades unifying a disparate Tata group and giving it a vision and long-term focus, said he is looking forward to the freedom that retirement brings. </li></ul><ul><li>Tata Sons, the holding company of the $71-billion salt-to-software Tata group, announced a five-member panel in early August to choose a successor to Mr Tata, who has been chairman since 1991. </li></ul><ul><li>This is the first such effort by an Indian business group to professionalise the search for a new leader. </li></ul>
  6. 6. Food and fuel inflation rises again <ul><li>Food and fuel inflation shot up in the week ended August 13, belying the expectation that prices will soften gradually following a good monsoon. </li></ul><ul><li>Food price index rose at an annual rate of 10.86% in the week after declining for two straight weeks. </li></ul><ul><li>It was marginally lower at 10.05% a week ago. </li></ul>
  7. 7. <ul><li>The stickiness in food price inflation is sure to worry the Reserve Bank of India as it tries to rein in the high overall inflation. </li></ul><ul><li>Fuel prices, too, inched up marginally to 12.71% from 12.57% the week before. </li></ul>
  8. 8. Taiwan's HTC: iPhone's `quiet' challenger <ul><li>East Asia is the world's electronics factory, yet unless they are Japanese, producers are anonymous. </li></ul><ul><li>Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to establish its own brand name as it competes with Apple's iPhone. </li></ul><ul><li>HTC supplies major US carriers Verizon, Sprint and T-Mobile. </li></ul>