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Weekly news 8


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Weekly news 8

  1. 1. Weekly news<br />By <br />Ankush Gupta <br />MBA 2A<br />
  2. 2. Bharti plans to exit MF business <br />BHARTI is in talks with Bank of india to sell its 25% stake in domestic asset management JV with AXA investment Managers. <br />The AXA group owns 75% on the mutual fund venture with assets under management of Rs. 510 crore. <br />
  3. 3. Jet deal may give 27000 jobs <br />US President BarackObama is struggling to create fresh jobs; such a deal bagged by an American company could give him a big political boost. <br />Two major fighter jet manufacturing company - Boeing and Lockheed Martin - are vying for the $10 bn Indian tender. <br />  It could bring 27,000 jobs to the US. <br />
  4. 4. Analyst bullish on CIL <br />Coal India Ltd Rs 15,000 crore mega issue has garnered a bullish endorsement from most of the market experts who believe it would be the star attraction. <br />The main attraction for retail investors would be the primary market with the mega IPO of Coal India. <br />CIL initial public offering, priced in the range of Rs 225 to Rs 245 per share, is the biggest issue in the Corporate India history so far. <br />
  5. 5. Vodafone 3G deal <br />Sweden’s Ericsson and Finland Nokia will roll out 3G network for Vodafone Essar. <br />Vodafone gave them 3 year contract estimated to be $500 million. <br />Nokia Siemens will supply, implement and manage vodafones 3G network in Tamil Nadu, Gujarat, Maharastra, UP,WB and Haryana while Ericsson will cover metros Delhi, Mumbai and Kolkatta<br />
  6. 6. Google cars drive themselves <br /><ul><li>Anyone driving the twists of highway 1 between San Francisco and Los Angeles recently may have glimpse of Toyota Prius, without a driver.
  7. 7. It’s a car project of Google, using artificial intelligence software that can sense anything near the car mimic the decision made by human driver </li></li></ul><li>Thanks <br />