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  1. 1. Weekend News<br />VishapMahajan<br />MBA-2C<br />
  2. 2. Hinduja flagship company Ashok Leyland today said it plans to raise up to Rs 600 crore in long-term debt this fiscal to fund its capital expenditure plans till 2011-12. <br />This fiscal, the fund raising plan is only through debt.They have planned to raise Rs 500-600 crore through debt and already have raised about Rs 360 crore," Ashok Leyland CFO K Sridharan told reporters<br />Ashok Leyland to raise up to Rs 600 cr debt<br />
  3. 3. Festive 2010 is already on a roll. As the country gears up for the festive season a month away, leading brands and retailers are geared up to unleash their salvos with expectations of cracking the best-ever sale numbers, backed by strong marketing initiatives and product launches, as compared with the slowdown-stricken last two years. Companies expect sales to grow by at least 20-25% in September-October, nearly double the pace as that of last year when they were exiting the economic slowdown. <br />Consumer electronics brands gearing up with products, offers<br />
  4. 4. Gold prices may touch Rs 22,000/ 10 gms by year end: Assocham<br />Gold prices are likely to touch Rs 22,000 per 10 gms by year end, as the cash-rich financial institutions like mutual funds may divert investments to bullion in view of uncertainty in the stock market, industrial body Assochamsaid. <br />
  5. 5. In a move aimed at speeding up FDI flow, the government proposed to allow foreign firms to bring in new technology and set up new independent business without clearance from their existing local joint venture partners. <br />A foreign player with a joint venture, set up before January 12, 2005, now faces several barriers if it wants to set up a new business without approval of the domestic partner. The relaxations will not be applicable to the joint ventures entered after January 12, 2005. <br />Govt wants to give FDI a push<br />
  6. 6. The golden jubilee year has been special for IIM-Ahmedabad . The institute is gearing up to accommodate the highest number of foreign students under its student exchange programmes the next year. <br />India’s global image as an emerging economy has helped foreign students queue up for the famed institute.<br />IIM-A class of 2010 to admit highest no. of foreign students<br />
  7. 7. Reckitt BenkiserIndia, the maker of Dettol antiseptic soap and Cherry Blossom shoe polish,has served a legal notice on BhartiWalmart demanding that the cash-and-carry joint company withdraw its Great value toilet cleaner as it infringes upon the ‘bottle design and cap’ of Reckitt’sHarpicbrand,the domestic market leader<br />Reckitt-BhartiWalmart Brand Battle On<br />
  8. 8. BIL will invest around Rs 100 crore to set up one plant each in Bihar and Orissa to scale up production to cater to the growing market.<br />Britannia with a 31% market share is lagging behind Parle Industries, which has gained clear volume leadership in the Rs 10,000 croreInment,they are second largest player in the industry.<br />Britannia to set up units in Orissa ,Bihar<br />
  9. 9. Delhi based VlCC Health care is set to invest over Rs.700 crore to acquire companies internationally besides expanding its operations in India and abroad over the next three years<br />VlCC to invest Rs 700 crore for overseas aquisition<br />
  10. 10. Suzuki Motor planning a third vehicle plant in India to keep up with burgeoning sales, the plant will be up and running, perhaps as early as 2013, at the same site as its plant in northern town of Manesar with a yearly production capacity of 250,000 vehicles.<br />Suzuki holds a controlling 54% stake in Maruti Suzuki Ltd. India’s Largest carmaker.<br />Suzuki plans third auto plant in India<br />
  11. 11. Robert Diamond, the architect of Barclays’ investment banking expansion,was appointed chief executive officer and pledged to boost the bank’s consumer unit.<br />Diamond will become Deputy CEO next month, bank will continue to act as both a consumer and an investment bank.<br />Barclays names Diamond as CEO, strategy unchaged<br />
  12. 12. Maruti Suzuki plans fresh investment of Rs.1,925 cores in the proposed sixth plant that will help it produce an addition al 2.5 lakhs cars by 2013.with the proposed expansion at Maruti Suzuki, majority owned by Suzuki, India will become the Japanese parent’s biggest production base overtaking Suzuki’s production facilities in Jpapn and China.<br />Maruti plans to invest Rs.1,925 crore in sixth plant<br />
  13. 13. "The Games Village is ready to welcome its residents," Organizing Committee secretary-general LalitBhanot said. "Its formal opening is scheduled on September 23 when the contingents start arriving in Delhi.“<br />"Be it the Village or the competition venues, all facilities have been designed with the athletes in mind. We have worked to ensure that the athletes enjoy these and showcase their talent," he said. <br />CW Games village to have soft opening<br />
  14. 14. Thank You<br />