SlideShare a Scribd company logo
WEEKLY NEWS(Oct. 11, 2010 to Oct. 17, 2010)
Bull's Eye: Apollo Tyres, HDIL, Indiabulls Real Estate, Mahindra & Mahindra Automobile volumes in the domestic market jumped 29% YTD after a 26% jump in FY10. The momentum is expected to continue, leading to strong demand for tyres from the OEM segment. Automobile volumes in the domestic market jumped 29% YTD after a 26% jump in FY10. The momentum is expected to continue, leading to strong demand for tyres from the OEM segment.
Households expect inflation at 11.9% by June: RBI Survey Although the Government expects inflation to moderate to about 5.5 per cent by March 2010, a survey by the Reserve Bank has found that households expect it to rise to almost 12 per cent by next June.
FINMIN Rejects RBI Proposal on Companies acquiring Regional Rural Banks The finance ministry is not in favour of corporates acquiring dedicated rural lenders, regional rural banks, a suggestion mooted by the Reserve Bank of India in a recent discussion paper on new bank licences.
Economy Likely To Expand By Over 8%: CII Survey Indian industry expects the economy to grow by over 8% during 2010-11, mainly due to rise in capital investment and capacity utilisation, a CII survey released.  The government has projected the economy to grow between 8.5 and 8.75% this fiscal. The GDP recorded 8.8% growth in the first quarter of this fiscal. 
Yahoo Shares Take Off On Buyout Rumours Investors are running up the price of Yahoo Inc. shares after a report saying AOL Inc. and a group of private equity firms may bid for the Web company. The stock climbed 74 cents, or 4.9%, to $15.99 in late morning trading after trading as high as $16.76 earlier in the session. The Wall Street Journal reported on its website that two or three other firms could also be interested in the deal but that Yahoo hasn't been involved in the talks yet.
India’s FOREX Reserves swell $1.63 bn to $295.79 bn The country's foreign exchange reserves went up by USD 1.63-billion to USD 295.79-billion on the back of a healthy jump in foreign currency assets, making it the fourth consecutive weekly rise in the kitty.

More Related Content

What's hot

18th to 22nd
18th to 22nd18th to 22nd
18th to 22ndpuja
 
Economic times
Economic timesEconomic times
Economic timestanvipcte
 
Impact of covid 19 on indian economy
Impact of covid 19 on indian economyImpact of covid 19 on indian economy
Impact of covid 19 on indian economy
RounakLahiri
 
Telecommunications Sector Report - April 2019
Telecommunications Sector Report - April 2019Telecommunications Sector Report - April 2019
Telecommunications Sector Report - April 2019
India Brand Equity Foundation
 
Boom- THE SMILING FACE OF INDIA
Boom- THE SMILING FACE OF INDIABoom- THE SMILING FACE OF INDIA
Boom- THE SMILING FACE OF INDIA
Sibi Rajan
 
Steel Industry India
Steel Industry IndiaSteel Industry India
Asean automotive market final
Asean automotive market finalAsean automotive market final
Asean automotive market finalrollerballrohit8
 
India Emerging
India EmergingIndia Emerging
India Emerginggs.balaji
 
MARKETING ASSIGNMENT
MARKETING ASSIGNMENTMARKETING ASSIGNMENT
MARKETING ASSIGNMENT
Dipin Gopinath
 
A project report on factors affecting brand loyalty for cars in Ludhiana.
A project report on factors affecting brand loyalty for cars in Ludhiana.A project report on factors affecting brand loyalty for cars in Ludhiana.
A project report on factors affecting brand loyalty for cars in Ludhiana.
Kajal Ahuja
 
The New Lubricant Trade In ASEAN - A Promising New Era
The New Lubricant Trade In ASEAN - A Promising New EraThe New Lubricant Trade In ASEAN - A Promising New Era
The New Lubricant Trade In ASEAN - A Promising New EraChivanon Piyaphitakskul
 
Services Sector Report - April 2019
Services Sector Report - April 2019Services Sector Report - April 2019
Services Sector Report - April 2019
India Brand Equity Foundation
 
The automobile industry1__1_
The automobile industry1__1_The automobile industry1__1_
The automobile industry1__1_Sumeet Jayswaal
 

What's hot (18)

18th to 22nd
18th to 22nd18th to 22nd
18th to 22nd
 
Economic times
Economic timesEconomic times
Economic times
 
Daily equity report
Daily equity reportDaily equity report
Daily equity report
 
Daily equity report
Daily equity reportDaily equity report
Daily equity report
 
Impact of covid 19 on indian economy
Impact of covid 19 on indian economyImpact of covid 19 on indian economy
Impact of covid 19 on indian economy
 
Telecommunications Sector Report - April 2019
Telecommunications Sector Report - April 2019Telecommunications Sector Report - April 2019
Telecommunications Sector Report - April 2019
 
Boom- THE SMILING FACE OF INDIA
Boom- THE SMILING FACE OF INDIABoom- THE SMILING FACE OF INDIA
Boom- THE SMILING FACE OF INDIA
 
Power news6
Power news6Power news6
Power news6
 
Steel Industry India
Steel Industry IndiaSteel Industry India
Steel Industry India
 
Asean automotive market final
Asean automotive market finalAsean automotive market final
Asean automotive market final
 
India Emerging
India EmergingIndia Emerging
India Emerging
 
MARKETING ASSIGNMENT
MARKETING ASSIGNMENTMARKETING ASSIGNMENT
MARKETING ASSIGNMENT
 
A project report on factors affecting brand loyalty for cars in Ludhiana.
A project report on factors affecting brand loyalty for cars in Ludhiana.A project report on factors affecting brand loyalty for cars in Ludhiana.
A project report on factors affecting brand loyalty for cars in Ludhiana.
 
The New Lubricant Trade In ASEAN - A Promising New Era
The New Lubricant Trade In ASEAN - A Promising New EraThe New Lubricant Trade In ASEAN - A Promising New Era
The New Lubricant Trade In ASEAN - A Promising New Era
 
Stocks
StocksStocks
Stocks
 
Services Sector Report - April 2019
Services Sector Report - April 2019Services Sector Report - April 2019
Services Sector Report - April 2019
 
The automobile industry1__1_
The automobile industry1__1_The automobile industry1__1_
The automobile industry1__1_
 
Daily equity report
Daily equity reportDaily equity report
Daily equity report
 

Viewers also liked

Yammer - Work like a network training
Yammer - Work like a network trainingYammer - Work like a network training
Yammer - Work like a network training
Priority SharePoint
 
Manage SharePoint In SharePoint
Manage SharePoint In SharePointManage SharePoint In SharePoint
Manage SharePoint In SharePoint
Priority SharePoint
 
SharePoint ROI Analysis Case Study
SharePoint ROI Analysis Case StudySharePoint ROI Analysis Case Study
SharePoint ROI Analysis Case Study
Priority SharePoint
 
Yammer use case catalog
Yammer use case catalogYammer use case catalog
Yammer use case catalog
Priority SharePoint
 
SharePoint Site Maps Using Visio 2010
SharePoint Site Maps Using Visio 2010SharePoint Site Maps Using Visio 2010
SharePoint Site Maps Using Visio 2010
Priority SharePoint
 
Share Point 2010 Site Solutions – Knowledge Base
Share Point 2010 Site Solutions – Knowledge BaseShare Point 2010 Site Solutions – Knowledge Base
Share Point 2010 Site Solutions – Knowledge Base
Priority SharePoint
 
Understanding SharePoint 2010 Lists & Libraries
Understanding SharePoint 2010 Lists & LibrariesUnderstanding SharePoint 2010 Lists & Libraries
Understanding SharePoint 2010 Lists & Libraries
Priority SharePoint
 
Yammer launch ideas
Yammer launch ideasYammer launch ideas
Yammer launch ideas
Priority SharePoint
 

Viewers also liked (11)

Weekly news 2
Weekly news 2Weekly news 2
Weekly news 2
 
Weekly News 3.
Weekly News 3.Weekly News 3.
Weekly News 3.
 
Weekly News 7.
Weekly News 7.Weekly News 7.
Weekly News 7.
 
Yammer - Work like a network training
Yammer - Work like a network trainingYammer - Work like a network training
Yammer - Work like a network training
 
Manage SharePoint In SharePoint
Manage SharePoint In SharePointManage SharePoint In SharePoint
Manage SharePoint In SharePoint
 
SharePoint ROI Analysis Case Study
SharePoint ROI Analysis Case StudySharePoint ROI Analysis Case Study
SharePoint ROI Analysis Case Study
 
Yammer use case catalog
Yammer use case catalogYammer use case catalog
Yammer use case catalog
 
SharePoint Site Maps Using Visio 2010
SharePoint Site Maps Using Visio 2010SharePoint Site Maps Using Visio 2010
SharePoint Site Maps Using Visio 2010
 
Share Point 2010 Site Solutions – Knowledge Base
Share Point 2010 Site Solutions – Knowledge BaseShare Point 2010 Site Solutions – Knowledge Base
Share Point 2010 Site Solutions – Knowledge Base
 
Understanding SharePoint 2010 Lists & Libraries
Understanding SharePoint 2010 Lists & LibrariesUnderstanding SharePoint 2010 Lists & Libraries
Understanding SharePoint 2010 Lists & Libraries
 
Yammer launch ideas
Yammer launch ideasYammer launch ideas
Yammer launch ideas
 

Similar to Weekly News 2pptx

Weekly news11oct2010
Weekly news11oct2010Weekly news11oct2010
Weekly news11oct2010amit pathak
 
R Model Portfolio - November 2022.pdf
R Model Portfolio - November 2022.pdfR Model Portfolio - November 2022.pdf
R Model Portfolio - November 2022.pdf
SurinderKumar843245
 
Weekly News 05th Sept 2022.pptx
Weekly News 05th Sept 2022.pptxWeekly News 05th Sept 2022.pptx
Weekly News 05th Sept 2022.pptx
RightFocus Investments Pvt. Ltd.
 
Weekly Media Update_09_10_2023.pdf
Weekly Media Update_09_10_2023.pdfWeekly Media Update_09_10_2023.pdf
Weekly Media Update_09_10_2023.pdf
BalmerLawrie
 
Financial Services Sector Report - Sep 2018
Financial Services Sector Report - Sep 2018Financial Services Sector Report - Sep 2018
Financial Services Sector Report - Sep 2018
India Brand Equity Foundation
 
Shares
SharesShares
10 things to keep you up when the indian market is down
10 things to keep you up when the indian market is down10 things to keep you up when the indian market is down
10 things to keep you up when the indian market is down
Kantinath Banerjee
 
Weekly news
Weekly newsWeekly news
Weekly news
228angad
 
Financial Services Sector Report - October 2018
Financial Services Sector Report - October 2018Financial Services Sector Report - October 2018
Financial Services Sector Report - October 2018
India Brand Equity Foundation
 
The World This Week - January 6th to January 11th, 2014
The World This Week - January 6th to January 11th, 2014The World This Week - January 6th to January 11th, 2014
The World This Week - January 6th to January 11th, 2014
Karvy Private Wealth
 
Weekly media update 13 05_2019
Weekly media update 13 05_2019Weekly media update 13 05_2019
Weekly media update 13 05_2019
BalmerLawrie
 
Current developments in economy
Current developments in economyCurrent developments in economy
Current developments in economy
Hemant Choudhary
 
Financial sector report
Financial sector reportFinancial sector report
Financial sector report
Arjun Choudhary
 
Financial Services Sector Report August 2018
Financial Services Sector Report August 2018Financial Services Sector Report August 2018
Financial Services Sector Report August 2018
India Brand Equity Foundation
 
WEEKLY NEWS
WEEKLY NEWSWEEKLY NEWS
WEEKLY NEWSsarotri
 
Weekly media update 19 11_2018
Weekly media update 19 11_2018Weekly media update 19 11_2018
Weekly media update 19 11_2018
BalmerLawrie
 

Similar to Weekly News 2pptx (20)

Weekly news11oct2010
Weekly news11oct2010Weekly news11oct2010
Weekly news11oct2010
 
Weekly news
Weekly newsWeekly news
Weekly news
 
R Model Portfolio - November 2022.pdf
R Model Portfolio - November 2022.pdfR Model Portfolio - November 2022.pdf
R Model Portfolio - November 2022.pdf
 
News
NewsNews
News
 
Weekly News 05th Sept 2022.pptx
Weekly News 05th Sept 2022.pptxWeekly News 05th Sept 2022.pptx
Weekly News 05th Sept 2022.pptx
 
Weekly Media Update_09_10_2023.pdf
Weekly Media Update_09_10_2023.pdfWeekly Media Update_09_10_2023.pdf
Weekly Media Update_09_10_2023.pdf
 
Financial Services Sector Report - Sep 2018
Financial Services Sector Report - Sep 2018Financial Services Sector Report - Sep 2018
Financial Services Sector Report - Sep 2018
 
Shares
SharesShares
Shares
 
ET News
ET NewsET News
ET News
 
10 things to keep you up when the indian market is down
10 things to keep you up when the indian market is down10 things to keep you up when the indian market is down
10 things to keep you up when the indian market is down
 
Weekly news
Weekly newsWeekly news
Weekly news
 
Weekly news 4
Weekly news 4Weekly news 4
Weekly news 4
 
Financial Services Sector Report - October 2018
Financial Services Sector Report - October 2018Financial Services Sector Report - October 2018
Financial Services Sector Report - October 2018
 
The World This Week - January 6th to January 11th, 2014
The World This Week - January 6th to January 11th, 2014The World This Week - January 6th to January 11th, 2014
The World This Week - January 6th to January 11th, 2014
 
Weekly media update 13 05_2019
Weekly media update 13 05_2019Weekly media update 13 05_2019
Weekly media update 13 05_2019
 
Current developments in economy
Current developments in economyCurrent developments in economy
Current developments in economy
 
Financial sector report
Financial sector reportFinancial sector report
Financial sector report
 
Financial Services Sector Report August 2018
Financial Services Sector Report August 2018Financial Services Sector Report August 2018
Financial Services Sector Report August 2018
 
WEEKLY NEWS
WEEKLY NEWSWEEKLY NEWS
WEEKLY NEWS
 
Weekly media update 19 11_2018
Weekly media update 19 11_2018Weekly media update 19 11_2018
Weekly media update 19 11_2018
 

Recently uploaded

Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
usawebmarket
 
Lookback Analysis
Lookback AnalysisLookback Analysis
Lookback Analysis
Safe PaaS
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
Erika906060
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
Kumar Satyam
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
Henry Tapper
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
Workforce Group
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
HumanResourceDimensi1
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 

Recently uploaded (20)

Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
 
Lookback Analysis
Lookback AnalysisLookback Analysis
Lookback Analysis
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 

Weekly News 2pptx

  • 1. WEEKLY NEWS(Oct. 11, 2010 to Oct. 17, 2010)
  • 2. Bull's Eye: Apollo Tyres, HDIL, Indiabulls Real Estate, Mahindra & Mahindra Automobile volumes in the domestic market jumped 29% YTD after a 26% jump in FY10. The momentum is expected to continue, leading to strong demand for tyres from the OEM segment. Automobile volumes in the domestic market jumped 29% YTD after a 26% jump in FY10. The momentum is expected to continue, leading to strong demand for tyres from the OEM segment.
  • 3. Households expect inflation at 11.9% by June: RBI Survey Although the Government expects inflation to moderate to about 5.5 per cent by March 2010, a survey by the Reserve Bank has found that households expect it to rise to almost 12 per cent by next June.
  • 4. FINMIN Rejects RBI Proposal on Companies acquiring Regional Rural Banks The finance ministry is not in favour of corporates acquiring dedicated rural lenders, regional rural banks, a suggestion mooted by the Reserve Bank of India in a recent discussion paper on new bank licences.
  • 5. Economy Likely To Expand By Over 8%: CII Survey Indian industry expects the economy to grow by over 8% during 2010-11, mainly due to rise in capital investment and capacity utilisation, a CII survey released.  The government has projected the economy to grow between 8.5 and 8.75% this fiscal. The GDP recorded 8.8% growth in the first quarter of this fiscal. 
  • 6. Yahoo Shares Take Off On Buyout Rumours Investors are running up the price of Yahoo Inc. shares after a report saying AOL Inc. and a group of private equity firms may bid for the Web company. The stock climbed 74 cents, or 4.9%, to $15.99 in late morning trading after trading as high as $16.76 earlier in the session. The Wall Street Journal reported on its website that two or three other firms could also be interested in the deal but that Yahoo hasn't been involved in the talks yet.
  • 7. India’s FOREX Reserves swell $1.63 bn to $295.79 bn The country's foreign exchange reserves went up by USD 1.63-billion to USD 295.79-billion on the back of a healthy jump in foreign currency assets, making it the fourth consecutive weekly rise in the kitty.