MAIN NEWS HEADLINES
RIL raise $1.5 through dollar bonds.
It sold bond denominated in US dollars.
Largest US dollar bond issue by any Asian entity since 2003.
Marks Reliance Return to global market.
Infosys net profit rises 13% in Q2
Infosys technologies, I ndia's second largest software exporter ,overshot market expectations on friday,posting a 13% rise in net profit year on year and 16.7% growth on a sequential basis.
It increased its annual revenue forecast to $5.59-6 billions up 26-27%.
CORPORATE & MARKET
Infosys report a 13% rise in net profit
Business grow by large transformational telecom deal in Europe,
manufacturing business in US an improvement in BFSI vertical in
Australia and India.
2. TATA to retain all the three Jaguar Land Rover(JLR) plant in UK
Creating thousands of job .
Sales increase by 38%
3. Supreme Court to denote if Infosys will here its sole right over the word “Infosys”
Their trade mark were challenged by Jupiter, a computer hardware company.
4. Sensex fell to the lowest close in the month
Full down by 373 points.
5. Coal India's IPO of up to $3.5 billlion shares sale the country's largest ever ,next week.
6. FIIs high stake in 14 out of 16 sensex companies.
Some companies include SBI,HDFC,ACC and TATA POWER.
Bharat heavy electricals,the only sensex company where FIIs has reduced their stake.
POLITICS
CWG problem begins :
Controller and editor general resumes responsibility of auditing the
spending of public money.
Organising committee not invited at PM's meet with a medal winner.
Sonia Gandhi address a mammoth rally here-80 kms away from Nagpur-
to mark the conclusion of Sadhbhavna week.
RJD and LJP launched joined campaign for Rabri Devi.
Handed by RJD chief Lalu Prasad Yadav and LJP chief Ramvilas Paswan
on friday.
Both the leaders addressed the joined rally and accused the Nitish Kumar govt
of being an “epitome of corruption”.
MONEY AND BANKING
1. RBI to intervene if FIIs inflows are lumpy and volatile.
To examine data and inflation which has risen to
8.62 % in september.
2. Rupee touches the strongest level in 2 year.
Also appreciates due to Coal India IPO.
3. RBI to look into Micro Finance functioning.
SKS Microfinance to reduce interest rates by 2% ,provided there is a
directive by RBI.
SPORTS
CWG CLOSING CEREMONY A BIG DAMPENER
The opening extravaganza on October 3 had showcased thousands of years of Indian civilisation and culture but all the fame and glory of indian culture was swept away as the games marred by corruption, inefficiency, mismanagement and delays.
Then after the presentation made by next host Scotland was probably the best part of the closing ceremony witnessed by a packed crowd of some 60,000 fans at the Jawaharlal Nehru stadium along with the “vande mataram”item presented by Delhi school children
The only time that the world's largest helium balloon actually came alive in all its colours was the 'golden moment' of the game and when the stocks performed.
One of the eye praising moments of the opening ceremony was that the aerostat had captivated everyone inside the stadium.
Top singers like Sukhwinder Singh, Sunidhi Chauhan, Kailash Kher, Usha Uthup, Shaan, Ila Arun, Shobha Mudgul, and Shankar Mahadevan lent a touch of Punjabi wedding ambience when they crooned some popular numbers.
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