1) Ispat, an Indian steel maker owned by the Mittal family, has debt of over Rs 6500 crore. Its lenders are considering taking a 31% stake in the company to help repay this debt. 2) The Sensex stock index crossed 19,000 for the first time in 32 months, rising 2.13%, led by companies like Reliance and HDFC. This increase was attributed to rising industrial production numbers. 3) State Bank of India is discussing forming a holding company structure with the Reserve Bank of India to more efficiently use its capital, as it controls about a quarter of India's loan and deposit markets.

1. Presentation on ET for the Week of 13 to 20 Sep,2010 By: GaganHanda Mba 2a 94972238165

2. Ispat Lenders mull stake sale to Tata Steel,Arcelor Mumbai based Ispat owned by Pramodmittal and Vinodmittal has about 15 lenders including various Financial Institutions Banks and Insurance co. These all together had debt of more than Rs 6500 cr on this Steel maker. As per the agreement if Ispatmakes any type of default to pay its debt it will be converted in

5. State Bank mulls holding co. for Bank and Arms SBI india’s largest lender is in talking with the RBI to form a holding co. It will help to make more efficient use of it’s capital. SBI group controls close to ¼ of country’s market for loans and deposit is most “RIPE”. A holding company structure will obviate the need for the bank to set aside capital for all its enterprises .

6. Motorola hopes to launch tablet computer by early 2011 Mobile phone giant Motorola is looking at launching its tablet computer early next year, as the firm hopes to expand its product line beyond cell phones. Jha has tried to turn around Motorola's troubled cell phone business by refocusing it on smart phones powered by Google Inc's Android operating system, the Wall Street Journal said.

7. Contd.. "Hopefully, that's early next year. The tablet would be Motorola's answer to Apple's iPad, which has dominated the market since its launch in April this year," added Jha.

8. London calling: Asia investors load up on UK property Without ever setting eyes on the property, Hong Kong resident Irene Chu snapped up a flat 6,000 miles away in London, a city she has visited but has no intention of ever living in. "I'm not buying the high-end property. I just bought one close to the tube line and that's a pretty safe investment," said the 40-something business executive who paid 215,000 pounds ($322,500) for her apartment.

9. Contd… Over the past year, Asians have invested a total of 761 million pounds, or more than $1 billion, in newly built apartments in central London, up from around 250 million pounds a year earlier, according to real estate company Knight Frank.