20th October - THE MINT

Nitika Balaggan
Pallavi Srivastava
Pavneet Kaur
Group-14 (Section - H)

SENSEX 19,983.13 decline 185.76
NIFTY 6027.30 decline 48.65
DOLLAR Rs 44.35 decline Rs 0.01
GOLD Rs19,735 increase Rs 60
OIL $83.12 Decline $0.68.
Top Stories
Job rider likely for PSU investment
Although the India has impressive growth but job creation has not kept pace. New employment policy aims to accelerate job growth in organized sector. “The main objective of the policy is to make employment the focus area in all economic activities.”- Prabhat Chaturvedi (secretary, ministry of labor and employment)
According to National Sample Survey Office in 2004-05 around 8.2% Indians were unemployed. Now 47 million numbers of jobs are there in organized sector and the number of people who will enter job market between 2011 and 2016 is 63.5 million.
Come back of Vijay Sheth to build new offshore services empire
Sheth, 56 who created great Offshore as a division of Great Eastern Shipping Co. Ltd. His three companies are Great Energy Pvt. Ltd, Great Drilling Pvt. Ltd, and Great Towing Ltd. His shares went down and he suffered loss and finally in 2009 he is attempting a comeback by building a new empire from the ground up. Sheth will offer services mainly to oil and exploration co’s such as Reliance Industries Ltd. and ONGC Ltd.

ICICI will lay off some Bank of Rajasthan (BoR) staff after five years
ICICI Bank Ltd. have 4000 employees of BoR, according to the contract their terms will end at the end of 5 years but now ICICI has decided to retire them at age of 60. So many BoR employers are facing job security problem.



No Compromise On Terrified
Nirupama Rao said “India is willing to share the fruits of economic growth with its neighbors in south Asia. But it will not compromise on its fight against the terrorism”.
HDFC bank’s profit becomes 33% in 2nd quarter

Corporate news
IBM, HP chasing for each of the server clients
As the market in India recovers from slump in the last fiscal, IBM and HP coming out from the slump in 2009-10 are chasing each other’s customers and those of other companies. Thus the server market in India recovering from a slump.
Air Passenger traffic up 11.58% in Sep this year
DGCA released the data stating passenger growth rate to 11.58% as compared with the figures of last year. Among the gainers, Jet Airways, Kingfisher Airlines Ltd, Spicejet raised their market share for 3 to 5% and also the occupancy of almost all the leading airways company had fallen down to 3 to 5% except Kingfisher whose occupancy rate had risen from 75.2% to 85.9% this year
Market & Finance
Problem in implementation of smart order’s system
A smart order routing (SOR) a mechanism that helps investors to get the best price for their transactions across exchange. Its implementation is going to be delay because National Stock Exchange has recently introduced fresh conditions and policies. BSE wants to implement this facility since it believes that this system will help in increase in market share.
· The Bombay Stock Exchange’s sensitive index fell 185.76 or 0.9%, to 19,983.13
· 8% drop in GSM net additions; subscriber base up at 478 million.

THE WALL STREET JOURNAL
· Taliban influences grows in North
· Ray Ossie The executive of Microsoft corporations planning to leave Microsoft after the co founder Bill Gates.