1) Oil India Limited is looking to form a joint venture with a US company to acquire shale gas assets in regions like Assam-Arakan and Cambay basin, planning to invest Rs. 300-500 crore over 3-4 years for shale gas exploration. 2) Maggi's market share dropped from 90.7% to 86.5% as competitors like GSK's Horlicks Foodles and new entrants like HUL's Knorr gained share in South and East India. 3) Tata Motors will work with engineers from Jaguar Land Rover to improve design, noise, and vibration aspects of its passenger cars as it builds a new small car between the Nano and Indica

1. WEEKLY NEWS30thAug - 3rd Sep,2010Prepared By:-TanpreetKaurMBA-2A

2. OIL in talks with US company for shale gas joint ventureState run Oil India Limited is likely to form JV with US based shale gas(gas locked in sedimentary rocks) company to acquire shale gas assets.In India, OIL is looking at shale exploration opportunities in regions such as in Assam-Arakan, Cambay basin.OILs Chairman and MD NM Borah said they have plans to invest Rs. 300 -500 crore for shale gas exploration over the next 3-4 years

3. The Drift of the MAGGIMarket share of Maggi dropped from 90.7% in Dec,09 to 86.5% in July,10GSK entered into this category in December, with HorlicksFoodles, has taken away share from maggi in south and east zone.Other new entrants:- HUL- Knorr; Nissin-Top Ramen; Capital Foods-Ching’s Secret, CG Foods-WaiWai

4. JLR to help Tatas drive quality carsEngineers from British subsidary to look into design, noise, vibration and other aspects of Tata’s passenger cars.Tata motors is building another small car to be positioned between Nano and Tata Indica

5. Mukesh picks up 14.12% in EIH for Rs.1021 croresReliance industries buy stake in EIH for Rs 1021 crores , shattering dreams of ITCA new share issue could be designed to take the Ambani- Oberoi holdings to more than 52%.There will be no change in the management , operation and controlling of EIH

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