ARVIND Mills, India's largest denim manufacturer, plans to expand its manufacturing facilities to Sri Lanka and South Africa over the next 3-4 years to expand its global manufacturing and retail presence. The company, chaired by Sanjay Lalbhai, will invest around 1000 crore rupees in this expansion program. The Reserve Bank of India said that food prices may remain high despite a good monsoon harvest as rising incomes reduce the impact of supply factors on prices, setting the stage for a sixth interest rate hike this year. The World Bank raised its forecasts for China's economic growth in 2010 to 10% and in 2011 to 8.7%, saying strong domestic fundamentals will help offset a slowing global

1. 1 – 5th Nov 2010
Amit Chawla
Mba 2B

2. Happy
Diwali

3.  ARVIND Mills, the country’s largest denim manufacturer, is
looking to set up facilities in Sri Lanka and South Africa to
expand its manufacturing reach and and retail presence in
India and abroad, over three to four years
 “We are exploring similar opportunities in other developing
countries including South Africa and Sri Lanka that have cost
advantage for manufacturing.We will soon send a team for
evaluating the prospects,” chairman Sanjay Lalbhai told ET.
 The Sanjay Lalbhai-owned, 3,500-crore textile major, would
invest around 1,000 crore on the programme.
1st Nov

4.  THE Reserve Bank of India (RBI) said food prices may stay high despite a
bountiful monsoon as rising incomes puncture the theory that ‘supply-side
factors’ kept prices high, a shift that sets the stage for a sixth interest rate
hike this year.
 “A good kharif harvest will act as a major dampener on short-term food
price inflation,”
 MOST now expect a 25-basis point increase in the rate at which banks
borrow from the central bank and for deposits with it.
2nd Nov

5.  Raw sugar rose for a fifth day onTuesday in NewYork to a 29-year high
amid speculation that India may limit exports as it rebuilds inventories.
 India, the world’s second-largest sugar producer, became the biggest
importer last year as adverse weather damaged crops.
3rd Nov

6.  TheWorld Bank onWednesday raised its
forecasts for economic growth in China this year
and next, saying that strong domestic
fundamentals will help offset an expected
slowdown in the global economy.
 In a quarterly update on China’s economy, it said
that the world’s second-largest economy would
likely grow by 10% thisyear, up from an earlier
forecast of 9.5%. Next year’s estimate was lifted
to 8.7% from 8.5%.
4th Nov

7.  LG, Godrej,Whirlpool Plan Price Hikes
To Ease Margin Pressure
 PRICES of refrigerators, washing
machines, microwave ovens and air-
conditioners will rise 3-5%
5th Nov

8. Have a coke……..open happiness