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News File 18-24oct

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  1. 1. Weekly News 18-24 October By: Amandeep Singh Roll no:-94972238256
  2. 2. Mahindra Two Wheelers sales up 451% in  Best monthly sales of 16,569 scooters in September.  A whopping 451% increase year-on-year.  ‘Powerscooter strategy’ targeting youth with its peppy looks and 125cc power engine.  300cc Mojo is a lifestyle bike, an ultimate machine for motorcycle enthusiasts
  3. 3. Essar close to buying oil blocks inAfrica  Essar oil, India's second-largest private refiner, is eyeing oil and gas exploration blocks in Africa to secure crude oil supplies for its refineries in India and Kenya.  Essar had identified at least six blocks in countries such as Nigeria, Libya and Madagascar where it may buy stakes or entire assets
  4. 4. Top IT companies in fray for Punjab e- governance project  Top IT companies including Infosys,TCS,HCL technologies Infosys, Accenture etc are likely to bid for the biggest e-govrenance project related to urban local bodies in Punjab.  The PPP project is aimed to cut costs and place an efficient service delivery mechanism in 5 municipal corporation,138municipal councils and 24 improvement trusts.
  5. 5. Cont……  The process for inviting private companies for the Rs 460 cr. project has been already initiated.  The companies would earn revenue by charging commission for monetary transaction and various services
  6. 6. Honda recalls 528,000 cars  Recalling 528,000 vehicles world-wide due to potential problems with a master brake cylinder seal.  Recall, similar to one by Toyota Motor Corp for about 1.5 million vehicles worldwide.
  7. 7. Cont….  The same supplier, ADVICS Co Ltd, a privately held Japanese company with a unit in the United States, made the seals for both major automakers.
  8. 8. Export Rush to Pakistan sets tomato on fire  Asia’s largest prices of tomatoes to Rs 30 per kg instead of the usual Rs 15/kg each October.  with prices at Rs 70 to 80 /kg in Pakistan, and only Rs 7.5/kg in the top tomato producing state, Maharashtra, there is huge rush to export.
  9. 9. Cont…  Customs officials at Amritsar said over 135 trucks, each carrying 16 tones of tomatoes ,cross over to Lahore daily, catering to demand in Pakistani Punjab and Khyber Pakhtunkhaw an other 70 trucks are going to Bangladesh.  Due to high price be cannot afford high rate so we imported 80% of our requirements of tomato paste from china.
  10. 10. Cont…  The Rs 400 cr. Ludhiana based Cremica group sources 20-30% of its tomato paste from China.