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Top News of This Weekend        (27 Sep. to 2 Oct., 2010) Presented By:- SupriyaNayyar
RBI tells states to halt new biz to Private Banks ,[object Object]
The Private Banks think this decision is driven by their comparatively lower lending in government-sponsored programmes schemes that carry a slice of subsidy and are aimed towards job creation & poverty reduction.,[object Object]
The Tax money, which took two to three weeks to reach government coffers, now reaches the government within a few days with the entry of private banks.
Private Banks have initiated financial inclusion programmes, fulfill  priority sector lending obligations & do engage in government-sponsored schemes.,[object Object]
Unilever’s biggest acquisition in a decade will add brands such as V05, TRESemme and Nexxus to Unilever’s existing Dove and Sunsilk.
& make it the world’s leading company in hair conditioning & the second largest in shampoo.,[object Object]
Wal-Mart proposed offer of 148 rand ($21.10) a share would value South Africa’s second largest listed retailer at about 32 billion rand including share options.
Wal-Mart is ramping up International expansion as it attempts to make up for slowing growth in the US, Where same store sales have fallen.,[object Object]
The World Bank was likely to lend around $15 billion to $20 billion to India’s Infrastructure sector in the next five years.

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Top news of this weekend (27 sep

  • 1. Top News of This Weekend (27 Sep. to 2 Oct., 2010) Presented By:- SupriyaNayyar
  • 2.
  • 3.
  • 4. The Tax money, which took two to three weeks to reach government coffers, now reaches the government within a few days with the entry of private banks.
  • 5.
  • 6. Unilever’s biggest acquisition in a decade will add brands such as V05, TRESemme and Nexxus to Unilever’s existing Dove and Sunsilk.
  • 7.
  • 8. Wal-Mart proposed offer of 148 rand ($21.10) a share would value South Africa’s second largest listed retailer at about 32 billion rand including share options.
  • 9.
  • 10. The World Bank was likely to lend around $15 billion to $20 billion to India’s Infrastructure sector in the next five years.
  • 11. The government has announced the $11 billion debt funs as a part of a series of recent measures to overhaul India’s creaking infrastructure,
  • 12.
  • 13. For the year ended March 2010, the company’s net loss was Rs.125 crore on revenues of Rs.5,480 crore.
  • 14.
  • 15. The company’s head count has fallen from 45,000 in 2009 to 27,000 today while the number of active clients plunged from 500 to 300.
  • 16.
  • 17. Both Banks have decided not to raise their benchmark rate for loans and floating deposits– the Base rate which stays at 7.5% & 8%, respectively.
  • 18. SBI will offer 7.75% for its special 1,000-days scheme which was introduced mid-august against 7.72% earlier.
  • 19.