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Weekly News


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News from 4th oct. to 10th of Oct.

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Weekly News

  1. 1. WEEKLY NEWS (4 th o ct . To 10 th o ct . ) By : MANDEEP SINGH
  2. 2. Tata Motors drives in its first cross-over car Aria <ul><li>Tata Motors launched its cross-over car, Aria, in three trim levels- </li></ul><ul><li>Aria Pride at Rs 15.5-lakh (ex-showroom Delhi) and Rs 15.85-lakh (ex-showroom Mumbai). </li></ul><ul><li>The Aria Prestige at Rs 14.5-lakh in Delhi and Rs 14.82-lakh, respectively (both ex-showroom). </li></ul><ul><li>Aria Pleasure at Rs 12.91-lakh in Delhi and Rs 13.18-lakh in Mumbai, again ex-showroom. </li></ul><ul><li>The car would shortly be exported to Europe followed by Latin America and Asia. Launching of Aria in Italy, Spain and Poland will be soon. </li></ul>
  3. 3. Sharp IS03 – The New KDDI Android Smartphone <ul><li>Japan's second largest mobile carrier KDDI's new Android OS based smart phone 'IS-03', produced by Japanese electronics giant Sharp in Tokyo. </li></ul><ul><li>The new smart phone, equipped with </li></ul><ul><li>A double 3.5-inch high resolution (960 x 640-pixel) </li></ul><ul><li>BW low consumption LCD, </li></ul><ul><li>A 9.57 mega-pixel CCD camera. </li></ul>
  4. 4. European, Asian leaders prod IMF quota reform <ul><li>Completion of the quota reform of the International Monetary Fund (IMF) by the upcoming G20 summit late next month. </li></ul><ul><li>&quot;The IMF quota shares must be shifted to dynamic emerging markets and developing countries by at least five percent from overrepresented to underrepresented countries,&quot; By Van Rompuy </li></ul>
  5. 5. Tesco profits rise to £1.6bn <ul><li>Supermarket giant Tesco unveiled a 12.5% rise in half-year profits to £1.6 billion today. </li></ul><ul><li>The firm said UK like-for-like sales excluding petrol rose 1.3% in the second quarter, compared with 1.1% in the first quarter - but, adjusting for VAT sales, the figure was just 0.3% higher over the half-year. </li></ul><ul><li>Mr McIlwee said Tesco Bank was now a &quot;significant&quot; part of the group's business, with revenues of £474 million in the first half, with trading profits up 12.2% to £129 million </li></ul>
  6. 6. NYSE Top Gainers on October 6th 2010 <ul><li>Flagstar Bancorp, Inc. (NYSE: FBC ) </li></ul><ul><li>is the top performer stock of the day. </li></ul><ul><li>FBC is trading at $2.62 up by 11.59% from it last closing price of $2.33. </li></ul><ul><li>The stock has a market capitalization of $401.8 million. </li></ul><ul><li>It has ranged from $1.73 to $12.20 during last 52 weeks and has touched its highest point in November, 2009. </li></ul><ul><li>The stock also provides good upside potential to its investors as its fair value is $4.58. </li></ul>
  7. 7. CNR Announces Groundbreaking Ceremony in Dezhou, Shandong <ul><li>China Metro-Rural Holdings Limited ( CNR 2.65 , +0.00, +0.04%) entered into a framework agreement with Dezhou Municipal Government of the PRC (&quot;Dezhou Government“) </li></ul><ul><li>To develop a logistics platform in Dezhou (&quot;Dezhou Project&quot;). </li></ul><ul><li>The Company has been invited to attend their groundbreaking ceremony on 8th October 2010 (the &quot;Groundbreaking Ceremony“ -a traditional Chinese ceremony that signifies the commencement of a project ). </li></ul>
  8. 8. India-EU trade pact may nullify UK migration cap <ul><li>BRITAIN’S efforts to limit migration of professionals from outside the European Union is likely to be neutralised by an India-EU trade agreement that may allow Indian professionals to bypass British immigration laws and take up work in UK. The India-EU free trade agreement is expected to be signed in December. </li></ul><ul><li>  The report said: “India has insisted on increased mobility for its skilled workers in return for reduced tariffs on European products and the lifting of some restrictions on businesses bidding for public procurement contracts”. </li></ul>