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weekly news


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weekly news

  1. 1. Weekly news (1st to 7th November) Submitted by: Prabhjot Kaur
  2. 2. Chinese economy to slow down to 7 pc Chinese economic growth may slow down to about seven per cent in the next three to five years from the present 10 per cent level, the 'quantitative easing' monetary policy by US may add inflationary pressures to the Chinese economy. Microsoft's CEO Ballmer sells 12% stake Microsoft Corp Chief Executive Steve Ballmer sold $1.3 billion worth of shares in the company, cutting his stake by about 12 per cent.
  3. 3. NTPC to add 13,000 MW of power capacity by 2012 By the XI Plan period, the company aims to put about 13,000 MW of capacity on stream, contributing to the government of India's plans of adding 68,000 MW by that time," NTPC Chairman and Managing Director Arup Roy Choudhury said while addressing company employees on the 35th anniversary of the company State Bank of India appoints G D Nadaf as director State Bank of India has nominated G D Nadaf as officer-employee Director on the central board of the bank. Nadaf, who joined the bank as cashier in 1972, is serving as deputy manager at Bangalore. He is also General Secretary of the All India State Bank Officers' Federation (AISBOF). He will be in the SBI board for the period of three years.
  4. 4. India orders may create 7 lakh jobs in US in 10 yrs: CII Industry body CII today said sourcing of infrastructure equipment, nuclear hardware and military aircraft from the US by India could create over seven lakh jobs in America in the next ten years. U.S., India plan food security push in Africa The United States and India plan to work together to promote food security in Africa, a part of the world where China has been expanding its presence
  5. 5. Thank you…