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Et nws 14 .10 manminder


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Et nws 14 .10 manminder

  1. 1. Manminder Singh MBA 2C ET News
  2. 2. Top 10 firms shed over Rs 1 lakh crore in a week, SBI loses most Sensex tumbling over four per cent in a week, the ten most valued companies witnessed a wealth erosion of a whopping Rs 1 lakh crore last week, with the country's largest lender State Bank Of India emerging as the biggest loser.  The Bombay Stock Exchange barometer Sensex declined by 4.03 per cent or 848 points at 20,156.89, making the top ten firms in terms of market capitalisation lose Rs 1,05,271.24 crore.  SBI was the worst hit with a value erosion of Rs 29,155.57 crore.
  3. 3. details of ministers' assets In the midst of political heat over scams, Prime Minister Manmohan Singh has decided to make public assets and liabilities of his ministerial colleagues.  Details about the assets and liabilities of all ministers would now be placed on the website of the Prime Minister's Office and the information is likely to be uploaded in a couple of days.
  4. 4. RIL gets perfect score in list of Asian 'corporate good guys' RIL is the sole Indian firm to get a perfect score in a list of Asia's best companies in terms of corporate social responsibility, which also identified while Motors as among the laggards on this front.  In a report titled, 'Ethical Asia', by global research firm CLSA, Reliance Industries, Australian airline Cathay Pacific and Japanese conglomerate Mitsubishi UFG have been named as the companies maintaining the highest CSR standards in the region and have been termed the region's 'corporate good guys'. 
  5. 5. Eicher Motors announces top level management change Eicher Motors announced a change in top level management with Chief Financial Officer Vinod Aggarwal stepping down after taking over as the CEO of the firm's commercial vehicle joint venture with Volvo.  Consequent to Vinod Aggarwal taking over as Chief Executive Officer of VE Commercial Vehicles Ltd, he has relinquished the position of Chief Financial Officer of the company.  Lalit Malik has been appointed as the Chief Financial Officer of the company.  VE Commercial Vehicles Limited (VECV) is a 50-50 joint venture between the Volvo Group and EML. It has been in operation since July 2008. 
  6. 6. small tractor Yuvraj Auto major Mahindra & Mahindra will double the production of its small tractor Yuvraj, dubbed as the Nano of the farm sector, as it looks at a national roll-out next year.  Priced at Rs 1.75 lakh, the 15 horse power tractor was launched targetting to upgrade farmers who are still relying on bullocks. 
  7. 7. Cont…. At present the Yuvraj is available only in Gujarat and Maharashtra. Now we are test marketing in Tamil Nadu, Karnataka, Rajasthan and Uttar Pradesh. The company will make the Yuvraj available nationwide by next year. In eight months since the launch the firm has so far sold about 4,000 units. 
  8. 8. COAI supports tightening of network roll-out obligations The lobby of GSM operators has favoured tightening of norms for roll-out obligations for all operators, a move that could spell troubles for new players who were given licences along with start-up spectrum but are yet to start services.