The document contains summaries of several news articles: 1. Reliance Power and Reliance Natural Resources fixed a stock swap ratio of 1:4 as part of their merger. 2. Ajit Isaac acquired the Hyderabad-based tech staffing firm Magna Infotech for Rs100 crore as demand for temporary software programmers increases. 3. India and Canada announced the start of negotiations for a comprehensive economic partnership agreement that could increase trade between the two countries three-fold in the next five years.

1. Power NEWS
(8th Nov – 14th Nov, 2010)
- Sumit Kalra

2. RPower, RNRL swap ratio fixed at
1:4
1. Anil Ambani-led Reliance Power on Sunday said
four shares of Reliance Natural Resources Ltd
(RNRL) will be converted into one share of
RPower as part of merger between the two group
companies.
2. RNRL has become a wholly owned subsidiary of
RPower and its shares have ceased to be tradable
on the stock markets with effect from November
9, 2010.
(http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/RPower-RNRL-swap-ratio-fixed-at-
14/articleshow/6923983.cms)

3. Ikya’s Issac buys HR co Magna for
Rs100 crore
1. AJIT Isaac, who sold his PeopleOne Consulting to
Swiss staffing giant Adecco six years ago, has
acquired Hyderabad-based tech staffing firm Magna
Infotech for Rs100 crore.
2. As demand for temporary software programmers
picks up, outsourcing companies are increasingly
looking to avoid adding more staff on their payroll,
and are instead sub-contracting projects to
companies such as Magna. Already, the Indian
contracted staff market is expected to become
around $2.5 billion industry in five years.
(http://economictimes.indiatimes.com/news/news-by-industry/services/consultancy-/-audit/Ikyas-Issac-buys-
HR-co-Magna-for-Rs100-crore/articleshow/6910458.cms)

4. Cheaper Indian goods in Canadian
market after free trade deal
1. India will join China in filling up Canadian stores
with cheaper goods once New Delhi and Ottawa sign
a free trade agreement to do away with many taxes
and duties.
2. The prime ministers of the two countries announced
the start of talks for a comprehensive economic
partnership agreement during their meeting on the
sidelines of the G20 summit in Seoul.
3. The two countries aim to push their trade more than
three-fold from the current $4.2 billion in the next
five years.
(http://economictimes.indiatimes.com/news/economy/foreign-trade/Cheaper-Indian-goods-in-Canadian-market-
after-free-trade-deal/articleshow/6919130.cms)

5. Power Grid FPO fully subscribed in
retail portion
1. Power Grid Corp of India's share sale worth up to
$1.7 billion was fully subscribed in the retail
portion of the offering.
2. The QIB category of the book then was subscribed
115 times, the HNI or non-institutional category
by 40 times and the retail category by seven
times. The shares listed at Rs 85.
(http://economictimes.indiatimes.com/markets/ipos/fpos/rights-issues/Power-Grid-FPO-fully-subscribed-
in-retail-portion/articleshow/6912629.cms)

6. Google gives top executives 30%
pay raise, up to 250% bonus
1. Internet search giant Google Inc has approved a
handsome pay hike of 30 per cent and bonuses of
250 per cent of the base salary for its top
executives starting next year.
2. Google said its four top executives - Patrick
Pichette, Chief Financial Officer, Global Business
Head Nikesh Arora, Engineering-and-Research
Chief Alan Eustace and product chief Jonathan
Rosenberg- would each see their increase in pay
from USD 500,000 to USD 650,000 next year. This
represents a rise of 30 per cent.
(http://economictimes.indiatimes.com/news/news-by-industry/jobs/Google-gives-top-executives-30-pay-
raise-up-to-250-bonus/articleshow/6924217.cms)

7. Australia revamps skilled migration
test
1. Australia has drastically changed its skilled
migration test to favour potential migrants with
higher skills, experience and better command over
the English language.
2. While there has been a significant drop in Indian
students going to Australia for studies in the recent
past, the Thursday changes could jeopardise
permanent residence plans of hundreds of
thousands of overseas students already studying in
Australia.
(http://economictimes.indiatimes.com/news/news-by-industry/services/travel/visa-power/Australia-
revamps-skilled-migration-test/articleshow/6907027.cms)

8. Market Watch
Top Gainers (Previous Week)
Company Group Previous Close (Rs) Current Price (Rs) % Change
Top Losers (Previous Week)
(http://money.rediff.com/)
Reliance Power L A 165.05 181.90 + 10.21
Financial
Technolog.
A 1,031.50 1,098.00 + 6.45
Zee
Entertainment
A 295.55 144.00 -51.28
SBI A 3,489.55 3,030.40 -13.16