Weekly news (25-30th oct)

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Weekly news (25-30th oct)

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Weekly news (25-30th oct)

  1. 1. By : Amit Chawla Mba-2B (25-30th OCTOBER)
  2. 2. US terms India as one of its best counterterrorism partners  The White House has identified New Delhi as one of its best counterterrorism partners.  In fact counterterrorism cooperation between India and the US would be on top of Obama's agenda during his India visit and in his talks with Indian leaders,  We see India as a constructive partner in those efforts and we want to make sure that India is a part of our dialogue about the future of the region.  And so this comes at a good time to continue those discussions, an official said.
  3. 3. India Not To Join Global Chorus On Yuan Appreciation • INDIA, mindful of its import dependency, is unlikely to join the global rhetoric urging China to let its currency appreciate. • India depends on cheap project imports from China to jump-start its big-ticket infrastructure projects, especially in power. • China is India's biggest trading partner and enjoys a huge trade surplus, implying that a cheaper Yuan will lower India's import bill
  4. 4. Exports Zooms, trade deficit shrinks  Exports grew 23.2% to $18.02 billion while imports rose 26.1% to $27.1 billion,  which helped lower trade deficit to $9.12 billion from an alarming $13 billion in August.
  5. 5. ArcelorMittal Q3 profit jumps 48%  ArcelorMittal, the worlds largest steel maker,posted on Tuesday a 48% jump in third quarter net profit, but higher raw material prices and muted demand dampened its expectations for the rest of the year.  Sales increased 30% to $21.04 billion from $16.17 billion a year earlier  Net profit rose to $1.35 billion in the third quarter, from $910 million a year earlier, as the global recovery boosted demand for steel
  6. 6. Walt Disney, virgin and Google amongst top 10 employers The inaugural Dream Employers survey, run by Red Balloon and In sync asked people in Australia and New Zealand to nominate their dream employer. List is as follows 1. Google 2. Virgin 3. Self-employment 4. Apple 5. Qantas 6. Walt Disney 7. OMD 8. Sydney Water 9. Getaway 10. Coca-Cola
  7. 7. FDI in services sector dips 50% in Apr-Aug  FDI during April-August 2009-10. Crisil principal economist D K Joshi said: "Given the global situation, there is short term pullback in FDI inflows." He said there will be a reversal of the trend in the next calendar year.  India still remains a preferred destination for foreign investment and that is evident from the strong foreign institutional investors (FII) inflows we are seeing.  There will be a bounce back," he added. The overall FDI inflows in the country dropped by 35% to $8.88 billion in April-August 2010-11, against $13.76 billion in the year-ago period.  The services sector, despite the 49.19% dip in FDI, still topped the chart in attracting maximum foreign investments.
  8. 8. Next
  9. 9. I Hope increased

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