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Power news4

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Power news4

  1. 1. Power NEWS(13th– 19thSept, 2010)<br />- SumitKalra<br />
  2. 2. FII rally may propel Sensex towards 20K<br />Indian stocks rose to a fresh 32-week high on Friday.<br />The Sensex had last touched the 20,000 mark over 32 months ago in January 2008.<br />Over the last six months, foreign investors have been the primary drivers of the rally, buying at every given opportunity while local institutional investors, including mutual funds, have been offloading shares. <br />(http://economictimes.indiatimes.com/markets/analysis/FII-rally-may-propel-Sensex-towards-20K/articleshow/6575780.cms)<br />
  3. 3. Sahara makes $2-bn bid to buy MGM Studio<br />Sahara India Pariwar, an Indian conglomerate, has made a $2-billion bid to buy the debt of struggling Hollywood studio Metro-Goldwyn-Mayer Inc. <br />The studio has rights to the James Bond franchise and owns half of the upcoming movies based on JRR Tolkien's “The Hobbit.”<br />(http://economictimes.indiatimes.com/news/news-by-industry/media/entertainment-/entertainment/Sahara-makes-2-bn-bid-to-buy-MGM-Studio/articleshow/6582692.cms)<br />
  4. 4. IE9 beta: Power-packed, but not for everyone<br />While it is by far the most popular browser in the world, of late, IE had seen increasing threat from others such as Mozilla Firefox, Google Chrome and Opera that claim to be faster, have more features, and more secure.<br />IE9 has got looks, speed and features to take on the best, but alas, it is not for all Windows users. The browser is available only for those who have Windows Vista (SP2) and Windows 7.<br />(http://economictimes.indiatimes.com/tech/internet/IE9-beta-Power-packed-but-not-for-everyone/articleshow/6582985.cms)<br />
  5. 5. 80% probability of terror attack on Delhi CWG<br />In a densely populated city like Delhi the opportunity for a terrorist strike in the city's choking traffic and among homogenous crowds is obvious.<br />Facial recognition and biometric systems typically fail in mass humanity situations.<br />(http://economictimes.indiatimes.com/news/politics/nation/80-probability-of-terror-attack-on-Delhi-CWG-finds-new-security-assessment-report/articleshow/6583901.cms)<br />
  6. 6. RBI deputy governor says inflation still a worry<br />The central bank (RBI) on Thursday raised its repo rate, the rate at which it lends to banks, to 6 per cent and the reverse repo rate, at which it borrows from banks, to 5.00 per cent. This has been done in order to curb the expanding inflation.<br />Inflation for the month of August stood at 8.51 per cent, according to the new Wholesale Price Index (WPI) series released by the government on Tuesday.<br />(http://economictimes.indiatimes.com/news/economy/indicators/RBI-deputy-governor-says-inflation-still-a-worry/articleshow/6573225.cms)<br />
  7. 7. ICICI joins club of 10 most valuable companies<br />With a market capitalisation (m-cap) of 1,28,016 crore, ICICI Bank now features at tenth rank in the list, knocking state-run BHEL out of the prestigious club. ICICI Bank added Rs 10,809.4 crore to its m-cap. <br />Enjoying the numero-uno position, RIL saw the addition of Rs 22,509.77 crore to its m-cap during the past week.<br />(http://economictimes.indiatimes.com/markets/analysis/ICICI-joins-club-of-10-most-valuable-companies/articleshow/6584913.cms)<br />
  8. 8. Market Watch<br />Top Gainers (Previous Week)<br />Top Losers (Previous Week)<br /> NSE   LIVE<br /> 5,890.70   <br />+62.00 (1.06%)<br /> BSE   LIVE<br /> 19,594.75   <br />+177.26 (0.91%)<br />(http://money.rediff.com/)<br />

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