Weekly resentation 7


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Weekly resentation 7

  1. 1. Weekly presentation 7<br />
  2. 2. Seven energy companies from India, including Reliance Industries, have been chosen as finalists in the Platts Global Energy Awards, an annual program recognising exemplary industry leadership. <br />Platts Global Energy Awards highlight corporate and individual innovation, leadership, and superior performance in 17 categories spanning the entire energy complex.<br />Platts will also name the 2010 Energy Company of the Year and the winner of this award will be chosen from the entire list of finalists by the program's independent judges' panel<br />7 Indian companies nominated for Platts Global Energy Awards<br />
  3. 3. indianstate-owned Oil and Natural Gas Corp said it would soon issue its response to Cairn Energy's plans to sell a controlling stake in its Indian unit to Vedanta Resources . <br />The company is also in talks with the Indian government about its royalty burden on the fields which it co-owns with Cairn India and hopes that it will find an outcome which limits its liability.<br />ONGC says to issue view on Cairn's India sale<br />
  4. 4. Reserve Bank of India would bring the inflation down to six percent by the end of this financial year<br />They have taken steps to improve the supply side by easing import of foods, which are in short supply," the Minister, who were there to attend the annual meeting of the International Monetary Fund and the World Bank<br />Pranab hopeful of taming inflation down to 6% by fiscal-end<br />
  5. 5. Nifty closes near 6100 on profit booking<br /> Indian stock markets ended lower for second consecutive session Friday, even as the indices pared most of intra-day losses in the last hour of trade. Markets have been witnessing profit booking for the past few sessions.<br />After a subdued start on the back of lackluster global cues, indices slipped lower as risk-aversion was back in the market. According to experts, the market may see some more correction till the earnings season begins<br />Bombay Stock Exchange’s Sensex ended at 20250.26, down 65.06 points or 0.32 per cent. The index touched a high of 20409.19 and low of 20145.74. <br />
  6. 6. Snapping out of their record- setting spree, silver and gold tumbled in the national capital on Friday on emergence of profit-selling at existing higher levels and a weakening international trend<br />Market analysts said emergence of profit-selling at existing higher levels, triggered by a weakening global trend led to fall in both gold and silver prices . <br />Gold, silver fall from record levels on profit-selling<br />
  7. 7. Tata Communications to focus on SMEs now as broadband bid fails<br />Tata Communications is redrawing its business plans to focus on the small- and medium-business sector in the country after its plans to tap the retail broadband segment were stymied for lack of wireless spectrum<br />The company did not win broadband spectrum, which is used to provide wireless internet, or Wimax, in a government-led auction in May. It had been pinning its hopes on this technology to make good on losses it suffered due to a drop in call rates in India.<br />In the year to March 2010 the company reported revenue of Rs 11,025 crore, with a net loss of Rs 539 crore. <br />
  8. 8. Reliance Retail to bring in Toys“R”Us<br />The country’s largest private corporation is out to win over the little ones, it seems. Within months of opening the country’s first Hamleys toy store, MukeshAmbani’s Reliance Retail is set to bring in world’s leading toy retailer Toys“R”Us to India<br />Reliance is still working on the nitty-gritty of the joint venture and is expected to close it in the next few months<br />The two companies are close to signing a joint-venture agreement to open Toys“R”Us stores in India<br />