3rd weekly ppt of ET

1. Acquire Land,but pay well:SONIA GANDHI Sonia Gandhi pitched for a Policy that will ensure justifiable Compensation for displaced. Mrs .Gandhi also suggested that Haryana ‘s Land Acquisition Policy was worth emulating, setting the stage for drastic overhaul of a draft bill prepared by centre for amending the 115 tear old land acquisition bill. It shouldn’t be done at cost of farmer’s interest. It doesn’t result in loss of large fertile land.

2. Israeli apex court rejects Taro plea The Israeli Supreme court dismissed a plea by Taro Pharmaceutical Industries to block India’s biggest drug maker Sun Pharma from raising it’s stake in company. It almost ended a 3 year ordeal that would help the firm grow in the U.S. This dismissal would help Sun Pharma to increases it’s voting rights in the Israeli Genrics to as much as 65% ,from 36% bought in the year 2007.

3. OHIO bars IT outsourcing The US state ohio has banned IT outsourcing and back office projects by govt departments. It cold lead to more backlash and similar action from other American states. Most of other American states are struggling with high unemployment rates. India’s top tech co. such as Tata consultancy Services,Infosys,Wipro are working with american govt.’s such as Missouri and Virfinia.

4. Naveen top grosser Naveenjindal executive & vice chairman of jindal steel & power has become top paid executive of the country. No banker,IT boss in the list of top 25 salary list. He has pipped husband wife duo kalanithi and kaverimaran of sun t.v. in a year.

5. PM rules out Retirement,hints at youngerCabinet Not disconnected with party and wrangling over policy issued . PM Manmohansingh send an unambigous message that he was very much around,in control and not planning to be hanging up his boots. PM said,”I would like to reduce average age of my cabinet”

6. IntasPharma mulls Rs. 800 cr public issue Intaspharma plans to raise 750-800 cr. Rs. through public issue. It will help them to raise fresh funds for acquisitions besides allowing Private Equity investor ChrysCapital to partly exit. The issue is expected to be come in May next year. It will one of the biggest public issue of pharma sector in recent period.

8. It is also planning to sell it’s stake of 10% in INDIAN OIL CORP.

9. IOC will issue 10% fresh equity in a follow-on public offer.

10. As per information provided IOC will be firstly divested than ONGC.