21st October - THE MINT

Piyush Garg
Pawas Gupta
Poran Jyoti Saikia
Section - H (Group-15)

The summary of the complete newspaper are given in bullet points.
· The IT companies which were planning to or have shifted their business to SEZ(safe economic zones) were denied permission by the government as it is not allowed under law. This move will probably impact their operations.
· Kochi franchise of the Indian Premier League which is facing problem regarding its shares equity is safe for the time being but the government has given them a limit till 20 October in order to save themselves from expulsion.
· Apple has become the second most profitable technological firm in the world after Microsoft on the basis of second quarter number.
· The disinvestment programmes of the Indian government is expected to reach 40000crore over the next 5years.
· SBI(State Bank of India) has decided on increasing its lending rate from a minimum lending rate, or base rate, by 10 basis points(bps) to 7.6% and the benchmark prime lending rate or BPLR, by 25 bps to 12.5%.
· The Security Exchange Board of India (SEBI) has asked state owned miner MOIL Ltd to include the two state governments that owns stakes in the firm namely Madhya Pradesh and Maharastra as promoters of its red herring prospectus.
· The quarterly numbers released on Wednesday highlighted the poor cash flow of HCL Technologies Ltd of $27 million in the 3 months ended 30 september in fiscal 2010.
· In his recent visit to India the Japanese Ambassador, Hideaki Domichi, said that Japan wants to enhance ties with India in an faster pace than before. The two countries are expected to sign a Comprehensive Economic Partnership Agreement during the visit in order to strengthen economic ties.
· The government has decided to increase the minimum support price(MSP) of winter crops such as rabi, wheat, gram, barley, oilseeds such as mustard and sunflower. This move is likely to increase food price inflation.
· The Gujarat State Petroleum Ltd (GSPL) has won the bid to lay pipeline from Mehsana in Gujarat to Bhatinda in Punjab. This 1680km pipeline will have the capacity to carry 50 mscmd of gas per day.
· The leaders of Afghanistan and the Taliban leaders have had an extensive discussion over the attacks or arrests by NATO forces. They came to an agreement that the Taliban will maintain peace if it is agreed that no further Taliban members were arrested or killed.
· It is predicted that the air fares and the hotel rates may rise within India and the world in general. It is now up to the airline companies to decide on their respective prices.
· The Obama government has asked the Islamabad authorities to involve more into combating Islamic terrorists with the help of U.S trained special trained units.
· Yes bank and Kotak Mahindra Bank Ltd are riding on profit. The profit during 2010 raised during the quarter ending September 2010 by 58% and 21% for Yes bank and Kotak Mahindra bank respectively.
· Elattuvalapil Sreedharan, the man who introduced metro in India, suggested that Delhi Metro Rail Corp.Ltd(DMRC) should go public in footsteps of MTR Corp. Ltd in Hong Kong.
· A Delhi based data telecom and information technology firm, Tulip Telecom Ltd, in order to increase private equity investments plans to raise 1000 crore.
· B. Ramalinga Raju, founder of Satyam Computer Services Ltd, and some of his family members violated a prohibitory order of the supreme court and tried to sell their assets, as reported by CBI.
· Emaar MGF Land Ltd, the main builders of the Commonwealth Games(CWG) was taken involved in a legal action taken by the supreme court due to various deficiencies and irregularities in construction.
· Foreign direct investment decreased from April to August due to slow recovery of the global market.
· After heavy increase in the SENSEX this is the lowest slump as SENSEX has come down to 19872.15 which is a fall of 110.98 or 0.6%. the gauge is at its lowest level since 23rd september. The NIFTY has fallen down to 5982.1. it is a fall of 0.8%.
· China’s surprise increase in interest rate is likely to accelerate capital control in the more export dependent Asian countries.