The Mint - 15th October

SUBMITTED BY :
DHARA TRIVEDI
DINESH GARG
FOZIYA SIDDIQUEE
GROUP8
SECTION H

TOP STORY

CLOSING CEREMONY OF XIX COMMONWEALTH GAMES
Total medals won by india are 101 including 38 gold medals
australia topped with total of 177 medals including 74 gold medals
saina nehwal won gold in badminton singles final and helped india getting 2nd place leaving england behind
CWG ended with high-tech laser show and fireworks at jawahar lal nehru stadium in new delhi, succesfully.

OFFER FOR YAHOO
AOL(American Online) Inc., and several private equity(PE) firms are exploring making an offer to buy yahoo Inc.
Silver Lake partners and Blackstone groups are PE companies intersted in teaming up with AOL to buy yahoo. Discussion yet does not involve yahoo
Yahoo AOL combination could effectively compete in online advertisement against google Inc
Yahoo is facing competition and display advertisement and lacks behind facebook.

OSTEOPOROSIS DRUGS LINKED TO FRACTURE
US drug regulator warned doctors and patients that drug known as biophosphonates can cause bone fracture( like fosamax and boniva)
FDA(food and drug administration) asked US manufacturer to include warning about this side effect but there is no word from indian drug authorities about this.
Indian companies selling this drug are Elder Pharmaceuticals, Sun pharmaceuticals, Nacto pharma and Ranbaxy ltd

MARKET

COAL INDIA LTD. IS OPENING ITS IPO FROM 18TH OCTOBER TO 21ST OCTOBER
it is expected that foreign investors are likely to invest more on this IPO
stock market is expected to rise because of this IPO
the price is expected from rs.225-245 per share with 5% dicount fot retail investors and employees
CIL had seen profits at growth rate of 33.7% between 2007 and 2010 led mainly by volume expansion.

AXIS BANK LENDING GROWTH TO SLOW FURTHER IN THE QUARTERS AHEAD
loans outstanding increase by only 1.8% between 30th june to 30th sept
only loans to large company showed somegrowth over the period while loans to small & medium enterprise remained nearly same
the net result in september quarter has been much lower growth in operating profit
operating profit was 13.8% in september as compared with 23.3% in june

COMMERCIALIZATION

ADVERTISERS FUME AS COLORS IS BLACKED OUT OVER BIGG BOSS

Controversy is opposition party shiv senna had asked cable operators to take the channel off air until it removes 2 pakistani participants from Big Boss show.
Advertisers may claim compensation from viacom 18 that has been blacked out in parts of mumbai.

CURRENT INDIAN MARKET SCENARIO

GOLD demand dries up as prices top Rs.20000
RBI divests 71.5% stake in NABARD
L&T Infra to issue bonds, raise Rs.700 crores from Infra bond issue
SENSEX- 20497.64
NIFTY-6177.35