26th October - The Economic Times

Savyasachi mishra
Shifaly sharma
Shalini kumari
Section - E

NATIONAL NEWS

1.Sebi issues warrants to rein in promoters
These warrants was issue because which in past allowed promoters to raise their stake. This warrant will have great impact on the retail investorsas they now can hope to get more shares in ipo that get oversubscribed.

2.Export growth accelerated
Export grew 23.2% to 18.02%b while import rose 26.1%to $27.1.

3.India onto nuclear deal with Japan,seems to be very significant.
Another important step taken in field of nuclear deal, India and Japan both took the steps for the peaceful use of nuclear power,they mutually arrive on at satisfactory agreement for civil nuclear cooperation.

4. Wal-Mart shows positive sign of entry in India.
American retailer Wal – Mart shows positive sign of opening up multi brand retail to fdi.
As we can see say that wal-mart can enter into Indian markets after the discussion of ceo with the Indian government.

5.Back in home,after decade
KWANG Ro Kim the most successful professionals in the country has finally decided to end his long career in India in next April,he is presently the chairman and CEO of Videocon Industries.

CORPORATE NEWS

1.HUL quarter2 net climbs.
The quarter 2 net climbs 32% to rs 566cr as the rise in demand,net sales were up by 11%to rs 4680.

2.Pepsico India to change the CEO
Manu anand will peplace Sanjeev Chadha as the chairman and CEO of pepsico India.

3.Rejection of Subhiksha's merger scheme with blue green
High court rejects the merger scheme with blue green as according to court it may lead to entity for furthur fund raising money from public.

4.Bharti-African BPO deal
Bharti airtel and Arican bpo announces $500m bpo deal.

5.Danik Bhaskar the leading hindi newspaper of the country successfully launches in Jharkhand.Along with Dainik bhaskar and divya bhaskar win WAN-IFRA AND JOIN THE incqc club

ECONOMIC,FINANCE,MARKETS

1.Rise in export growth speeds up at very fast rate upto 23.2%

2.ONGC may go off sell list as government likely to sale 40 crore this year,seems that government is not interested in raising funds not more than as per budgeted rs 40000 cr this year from stake sales in public sector firms.

3.Government will review export credit that is credits given to export along with the banks chiefs in next month.

4.Idea quarter 2 net goes down to 18.4% to rs 180 cr that is the July-SEP NET PROFIT FOR IDEA FELL DOWN.

5.As the festive season arrives rise in airfares can be seen,this festive season to push up the airfares.
The high demand caused by strong financial markets leads this into result which will raise the airfares.

THE SCOREBOARD

RUPEE/$ 44.36(.23%UP)
SENSEX20303.12(.68%UP)
NIFTY 6105.80(.66%UP)

According to YV REDDY former RBI guv “India can help shape a better financial market”.