Mamata Banerjee proposes that the railway ministry set up two factories on the land formerly used for the Tata Nano factory in Singur if the state government returns the land to the railways. Hyundai says its plans to launch a small car in India to compete with the Maruti Alto are on course. President Obama and Michelle Obama are looking forward to their upcoming trip to India in early November. Manmohan Singh was awarded the World Statesman Award in absentia for his contributions to the US-India partnership.

1. Weekend NewsVishapMahajanMBA 2C

2. Mamata proposes two factories on Singur landRailway minister MamataBanerjee has said her department will set up not one but two new factories in the erstwhile site of the Tata Nano factory in Singur, provided the state government hands over the land to the railways. “The railways does not own land in Singur. If you give us the land, we will put up two railway units on 600 acres there and return 400 acres to unwilling farmers,” Ms Banerjee said.

3. Maruti Alto's rival; Hyundai's small car 'well on course'Hyundai Motor India (HMI), the country's second largest car maker, today said its plan for launching a small car in the Indian auto-market is "well on course". The Korean company which has presence in the A segment with flagship hatchback Santro and the i10 has been planning to launch the small car The proposed small car would be positioned below the company's existing flagship model, Santro, and compete with the Alto from Maruti Suzuki. Alto is the largest selling model in India with average sales of over 20,000 units per month. to compete with Maruti Suzuki's Alto.

4. Obama looking forward to India trip; Michelle excitedUS President BarackObama is looking forward to visiting India in early November and first lady Michelle is excited about the trip. Obamas conveyed this to Indian External Affairs Minister SM Krishna at a reception they hosted at the Natural History Museum here in honour of heads of delegation attending the United Nations General Assembly.

5. 'World Statesman Award' for Manmohan SinghA top US official described Prime Minister Manmohan Singh as "a man of uncommon decency and grace" who has led the way in building the Indo-US partnership, as he presented the Indian leader 'The World Statesman Award. "History will also mark with special significance Prime Minister Singh's personal contributions to the emerging partnership between the world's oldest and largest democracies, America and India," Under Secretary of State for Political Affairs Bill Burns said at an awards dinners in New York where the Prime Minister was awarded in absentia by the Appeals of Conscience Foundation.

6. Reliance Brands eyes acquisition, plans own labelReliance Brands, a subsidiary of MukeshAmbani-led Reliance Retail, is scouting for acquisition in the domestic market, besides launching its own luxury label in the next 18 months. The company, which at present predominantly focusses on men's range, plans to focus on women and kidswear categories. Launched in 2007, Reliance Brands has joint ventures with Diesel, Zegna and Timberland. It is also a licensee for Italy's fashion brand Paul & Shark. The company opened the first outlet for Diesel in March this year and plans to gradually expand the reach of existing brands in its kitty.

7. Panasonic looks to extend recycling programme for more itemsConsumer durables firm Panasonic said it is looking at expanding its recycling programmes for other products, besides television in India in line with its global strategy to be a complete green company by 2018. The company's Indian arm Panasonic India had started recycling television voluntarily this year. "Going forward, we plan to start for other products as well. This initiative is part of our aim to become a green company by 2018," Panasonic India Director ArjunBalakrishnan.

8. KBC-4 punchline runs into troubleAmitabhBachchan’s promotional campaign for KaunBanegaCrorepati (KBC) on Sony Entertainment Television may run into trouble with its punch line -‘TumMujheKhoon Do Main TumheAzadiDunga’. Mumbai-based advocate Goya Sodhi on behalf of his client ParveenAbdi, grand daughter of a freedom fighter, has sent legal notices to Mr. Bachchan and the channel.The legal notice states that the promo which uses the slogan given by freedom fighter NetajiSubhash Chandra Bose has been utilized in extremely lighter and derogatory manner.

9. MBAs to face screening test for jobsCome February 2011, management school graduates will have to crack an entrance test before they can bag those dream jobs. The All-India Management Association (AIMA) plans to introduce a computer-based screening test, which will assess whether a B-school graduate has the skill-sets required to become an effective manager. Big recruiters like Deloitte, Dabur, MetLife India, Idea Cellular, Camlin Ltd, Alembic Ltd, HLL, Pfizer, Parle, PwC India, McAfee, Nokia, Lenovo, JM Financial, Reliance Industries, Suzlon and TATA Communications have agreed to use the score of the AIMA test during recruitment.

10. From Third World country to third most powerful nationHard as it is to imagine it amid the chaos of Commonwealth Games preparations in New Delhi and a million small mutinies across the country, an official US report has declared India to be the fourth most powerful nation/bloc in the world after the United States, China, and the European Union. It is followed by China (12 per cent), and India (eight per cent). Japan, Russia and Brazil with less than five per cent each. Taken as a bloc, European Union comes second with 16 per cent of global power.

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