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CYBERCRIMINALS USE BOTNETS TO CAPTURE PCs
Cyber criminals in India are increasingly trying to create botnets by attacking capturing PCs by spreading virus. India rank 25th in terms of bot infection detected.
The country had 38,954 with bots cleaned in Q2 this year. Bot herder also provide services to the third parties, usually for sending spam messages
RBI INTERVENE TO STEM UNABATED RISE IN RUPEE
State bank of India concerns about a liquidity shortage , with an estimated Rs.11,000 crore expected to flow out of the system for IPO
RBI intervene , it will temper the the rupee’s appreciation and inject liquidity into the system.
With Good US earnings reports boosting sentiments, a further upsides in rupee looks likely.
INDIA CREATES HISTORY BY FINISHING SECOND
-India finishes a historic second in the final pecking order with more than 100 medals in the Common wealth Games.
A record medal haul 38 gold,27 silver and 36 bronze medals, the best ever harvest for the country in the Game history.
After the shambolic build up that includes a dirty athletes village, The Common Wealth Games was given a pat on the back by CGF
chief Michael Fennell in his concluding media conference.
.GAMES FAIL TO CHEERS STEEL MAKERS
Delhi Common Wealth Games scored poorly on this front.
According to industry player Beijing Olympics created a demand of 6-7 million tones of steel in china.
In contrast Common Wealth Games India has created a less demand, steel used was less than 1 million tones, even the steel consumption increased between 2003 – 2010 by 90% and production by 67%.
India’s per capita income of steel is 46 kg while china is 500kg. Gvt. norms should be change , more steel should be use for longevity ..””JSL””
Anticipation is running high that india’s consumption of steel will be increase by 13%.
Markets & Investing:
MARKETS EXTEND LOSSES,IT BATTERED
Heavy selling in the last leg of the trade in IT and Banking dragged markets lower. Markets ended the week in the red, Sensex closed near the day's low at 20,125, down 373 points and Nifty declined 115 points, at 6047.
Heavy selling is also seen in the banking stocks on back of global sell-off in financials due to growing concerns that foreclosure problems in the United States could seep into broader financial markets. Axis Bank fell over 2% on restricted profit growth in the September quarter on back of margin pressure.
FUND MANAGERS RIDE HIGH ON BULL RALLY
Coinciding with the ongoing bull phase, fund managers have been quick to seize the opportunities and latch on to the gains. They were mostly invested fully in the period starting September 1. Most of the fund managers, barring Shishir Bajpai, are at negligible levels. An investment of Rs 10 lakh at the start of the Smart Portfolios season is today valued at Rs 11.21 lakh, up 8.5 per cent. Similarly, fund managers have logged varying returns between 4 per cent and 33 per cent each.
LENDING RATES HIKE IMMINNENT:BHATT
Country's largest lender State Bank of India today said it will be hiking its lending rates very soon on the back of a rise in its cost of deposits.
AUTO INDUSTRY EXPECT SLOWER GROWTH AT 18-20 %
After reporting a 27.3 per cent rise in domestic automotive sales in the first half of the current financial year, the Society of Indian Automobile Manufacturers (Siam) expects growth in the domestic market to close at 18-20 per cent for the entire year. Last year, the industry had witnessed 26.4 per cent growth.
AXIS BANK NET PROFIT UP 38%
Owing to strong growth in interest income, the country’s third-largest private sector lender, Axis Bank, reported a net profit of Rs 735.14 crore for the second quarter of this financial year, a 38.28 per cent increase from Rs 531.64 crore a year ago.
GSK TO MAKE INDIA A HUB FOR ANTI-PARASITE DRUGS
GSK would make additioal investments in India and South Africa to increase production of anti-parasite drug albendazole to one billion tablets a year from 2010.
Launched a new albendazole manufacturing facility at Nashik in Maharastra .
BJP GOVT IN K'TAKA WINS 2ND TRUST VOTE
Karnatka's B S Yeddyurappa today become India's first chief minister to win a confidence vote twice in the same week.
BJP government won by a 106-100 margin .
FARM OUTPUT TO GROW 7.2%: CMIE
• Good monsoon rains and higher estimates of crop acreage will help agricultural production grow by 7.2 % in 2010-11.
• Govt's estimates a 10.4% rise in kharif output and overall projection of 13% increase in agricultural output.
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Cabinet may clear Air India’s Rs. 1200 crore equity infusion.
• National aviation company India Limited (NACIL) which runs Air India (AI) is likely to receive government approval for its second equity infusion by next week.
• The airline has much debt on its books. Has a working capital debt of Rs. 1850 crore and pays Rs. 1800 crore as interest at a rate f 12 percent annually.
• The civil aviation ministry feels these infusions of relatively smaller amount would not be of much help.
• The airline is looking at launching a domestic low cost carrier under the Air India Express brand to boost its market share.
The monsoon’s has led to an increased demand for fertiliser.
Some new launches in India
1. Cars
• Skoda to replace Octavia: Skoda India a subsidiary of Skoda Auto is developing a car to replace the premium sedan ‘Octavia’ in the country.
• It will be a successor of Octavia, will be positioned in ‘C’ segment and will roll out in India by second half of 2011.
• Hyundai Motor India, launched its luxury SUV Santa Fe, priced between Rs. 20.95 lakh-22.95 lakh.
• In India Santa Fe will be imported as Completely Built Units (CBU) from South Korea, even, Hyundai has no future plans to manufacture the car in India in the near future.
2. Phone
ReplyDelete• Research In Motion (RIM) has launched new Blackberry Torch 9800 for Rs. 35,000. It has an upgraded operating system Blackberry 6 and is the first device to feature full touch screen.
Honda Motor prepares to exit Hero Honda.
• Honda motor company says it is evaluating proposals for a deal which could even see it exiting from its joint venture with the Munjals of the Hero group in Hero Honda.
• The proposal was made by Munjals to Honda Motor. The latter’s technology licensing agreement for the Joint Venture is to end only in 2014.
• Meanwhile Honda has decided to shed its premium tag and has plans to be in the low-cost bike segment, starting with a motorcycle costing just $612 (roughly Rs. 27,000).
• The company plans to target developing countries like India as no motorcycle is available in the market at such a low cost.
Governance for Tomorrow
• Regulations governing Indian companies were introduced in 1850, during the British Raj. They were overhauled in 1913 and 1956.
• Upon the recommendations of various committees, including Joshi Committee and Irani Committee, the Companies Act 1956 was re-examined periodically.
• The 54-year-old corporate law in India is due for revision. We have the Companies Bill 2009, a framework to help India Inc operate in the environment of best international practices. In light of the global changes, the expectations from the Bill are the setting of certain standards, deregulation of powers and simplification. In this backdrop is the analysis of certain important provisions of corporate governance and management which continue to be at the centre stage of dynamic and ever-evolving business practices.
• The Companies Bill will include revision of following things:
1. Remuneration policy
2. CSR (Corporate Social Responsibility) Movement
3. Auditors/Audit firm Rotation
4. Independent Director’s Term
5. Selection Panel for Directors
6. Director’s Evaluation
7. Disclosures of related party transactions
An Exuberant Conclusion to games.
• The country’s competitors came out with flying colours and helped India finish a historic second in the final pecking order with more than 100 medals as the Commonwealth Games, that had a troubled build-up but proceeded smoothly thereafter, came to a close today. A record medal haul of 38 gold, 27 silver and 36 bronze medals, the best-ever harvest for the country in the Games history, helped India climb to the record high second position and end the multidiscipline event on a thumping note. The main haul of these 101 medals came from the shooting range, wrestling mat, boxing ring, archery range and, to everyone’s surprise, the track and field events, to provide the country with a reasonably strong sports foundation on which to build a more powerful edifice on.
• CWG MEDALS TALLY
Country Gold Silver Bronze
Australia 74 54 48
India 38 27 36
England 37 59 45
Canada 26 11 32
South Africa 12 11 10