bgyan newsletter - 20oct - 26 october, 2010

8/8/2019 BGyan Newsletter - 20Oct - 26 October, 2010

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B-GyanWeekly Newsletter

20 October 2010 26 October 2010

Power & Energy | Finance | FMCG | IT & Telecom | Manufacturing


2/11

B-Gyan Newsletter 20.10.2010-26.10.2010 1

POWER & ENERGY

NTPC to invest`20K crore in MPNTPC executed a MoU with Madhya Pradesh and MP Power Trading Company for setting up a

3,960MW thermal power project at Barethi, the company informed the NSE. The project is likely to

be commissioned during the Twelfth Five-Year Plan Period (2012-17). For generating 1MW ofthermal power, an investment of about `5 crore is required.

NTPC, with a power generation capacity of over 30,000MW from all sources, is planning to augment

it to 50,000MW by March 2012.

________________________________________________________________

Higher uranium imports to fuel record nuclear power outputOwing to increased imports of Uranium and improvement in domestic fuel supplies too, a record

nuclear power generation of 32,000 million units has been set for 2011-12, 45% higher than the

22,000 million units set for this fiscal.

Power generation from five nuclear reactors has increased three-fold, consequent to India receiving

imported natural uranium fuel from Russia and France. Besides, increase in supply of indigenous

uranium has also helped.

India currently produces around 400 tonnes of uranium a year. With the expansion of existing mines

and the opening of new ones, the production is set to increase to 1,000 tonnes by the end of 2013.

________________________________________________________________

ONGC's first commercial power project to start next yearONGCs first ever 726 MW commercial power project at Palatana would start generating electricityfrom December next year. The project is being commissioned at a cost of`9,000 crores.

The Bangladesh government had allowed India access to its waterways to transport the turbines and

heavy machines for the power project, for which Prime Minister Manmohan Singh had laid the

foundation stone in October 2005. A consortium of GE and BHEL was awarded the contract to supply

gas turbines for the plant.

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http://profit.ndtv.com/news/show/after-adag-ntpc-to-invest-rs-20k-cr-in-mp-112572?cphttp://profit.ndtv.com/news/show/after-adag-ntpc-to-invest-rs-20k-cr-in-mp-112572?cphttp://profit.ndtv.com/news/show/after-adag-ntpc-to-invest-rs-20k-cr-in-mp-112572?cphttp://www.thehindubusinessline.com/2010/10/20/stories/2010102052510400.htmhttp://www.thehindubusinessline.com/2010/10/20/stories/2010102052510400.htmhttp://www.thehindubusinessline.com/2010/10/20/stories/2010102052510400.htmhttp://www.business-standard.com/india/news/fresh-uranium-imports-save-nuke-power-programme/405893/http://www.business-standard.com/india/news/fresh-uranium-imports-save-nuke-power-programme/405893/http://www.business-standard.com/india/news/fresh-uranium-imports-save-nuke-power-programme/405893/http://www.business-standard.com/india/news/fresh-uranium-imports-save-nuke-power-programme/405893/http://www.psuindia.in/component/content/article/2691http://www.psuindia.in/component/content/article/2691http://www.psuindia.in/component/content/article/2691http://www.psuindia.in/component/content/article/2691http://www.business-standard.com/india/news/fresh-uranium-imports-save-nuke-power-programme/405893/http://www.business-standard.com/india/news/fresh-uranium-imports-save-nuke-power-programme/405893/http://www.thehindubusinessline.com/2010/10/20/stories/2010102052510400.htmhttp://profit.ndtv.com/news/show/after-adag-ntpc-to-invest-rs-20k-cr-in-mp-112572?cp


3/11


Essar eyeing oil and gas blocks in AfricaIndia's second-largest private refiner, Essar Oil, plans oil and gas exploration blocks in Africa to

secure crude oil supplies for its refineries in India and Kenya. It is reported that Essar had identified

at least six blocks in Nigeria, Libya and Madagascar where it may buy stakes or entire assets.

________________________________________________________________

No duty on imported power equipmentnewsWe had seen last month, a report regarding the Union Cabinet considering duty on imported gear on

power projects.

In a major setback to domestic power equipment manufacturers such as BHEL and Larson & Toubro

(L&T), the Ministry of Finance has now rejected the proposal of levying duty on the import of foreign

equipment. The domestic capital goods manufacturers were lobbying hard with the government to

get this proposal passed for over 2 years. The proposal was approved by a committee of secretaries

(CoS), based on the recommendations made by a committee headed by Planning Commission

member Arun Maira.

A duty was mooted earlier to strike a balance between protecting local manufacturers and the need

to import equipment to boost power production. However, the finance ministry's latest decision

takes into account the view that domestic manufacturers are not able to plug the demand-supply

gap for power equipment.

________________________________________________________________
http://in.reuters.com/article/idINSGE69K02O20101021http://in.reuters.com/article/idINSGE69K02O20101021http://in.reuters.com/article/idINSGE69K02O20101021http://www.thehindubusinessline.com/2010/09/23/stories/2010092353500100.htmhttp://www.thehindubusinessline.com/2010/09/23/stories/2010092353500100.htmhttp://www.thehindubusinessline.com/2010/09/23/stories/2010092353500100.htmhttp://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20101022/duty-foreign-power-equipment/ai_n55850527/http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20101022/duty-foreign-power-equipment/ai_n55850527/http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20101022/duty-foreign-power-equipment/ai_n55850527/http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20101022/duty-foreign-power-equipment/ai_n55850527/http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20101022/duty-foreign-power-equipment/ai_n55850527/http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20101022/duty-foreign-power-equipment/ai_n55850527/http://www.thehindubusinessline.com/2010/09/23/stories/2010092353500100.htmhttp://in.reuters.com/article/idINSGE69K02O20101021


4/11


FINANCE

Banks borrow `89000 cr as liquidity tightensBanks borrowed `89,900 crore from the Reserve Bank of Indias (RBIs) repo window on Monday tocope with the liquidity shortage. The liquidity is still tight in the system and most fund houses are

eyeing the policy next week. There are expectations that the short-term rates could rise next week

on view that RBI would raise key policy rates by 25 basis points.

________________________________________________________________

SBI to start merchant acquiring biz soonState Bank of India (SBI) has said it will soon start facilitating payments through debit or credit cards

at retail outlets and was finalizing the shareholding pattern with foreign partners. Merchant

acquiring involves the facilitation of payments through debit or credit cards at retail outlets. SBI is

planning to place about 1.5 lakh point of sale (PoS) terminals for debit and credit card payments

across the country. It plans to deploy six lakh of these terminals in the first five years of its

operations.

________________________________________________________________

Coal India IPO price fixed at`245The government on Monday fixed Coal Indias (CILs) initial public offer (IPO) price at `245 per share,

the upper end of the range.The government will fetch `15,100 crore by selling 631.6 million shares,

or 10 per cent stake, at `245 per share. It will offer retail investors a discount of five per cent. The

company is expected to list on stock exchanges on November 4, a day before Diwali. CILs IPO, which

closed on October 21, was subscribed 15.17 times, and mopped up `2.35 lakh crore.

< http://economictimes.indiatimes.com/markets/stocks/market-news/CIL-IPO-priced-ar-Rs-245-per-

share/articleshow/6812522.cms >

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Gold, silver decline on lack of supportSilver and gold prices fell in the bullion market on Tuesday on reduced offtake by retailers and

stockists amid a weak global trend. While the gold fell by `70 to `19,710 per ten gram, the prices of

silver fell by `100 to `36,000 per kg on reduced offtake by industrial units and coins makers.

________________________________________________________________
http://www.silobreaker.com/call-money-rate-11_18363248http://www.silobreaker.com/call-money-rate-11_18363248http://www.silobreaker.com/call-money-rate-11_18363248http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/SBI-to-start-merchant-acquiring-business-soon/articleshow/6809047.cmshttp://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/SBI-to-start-merchant-acquiring-business-soon/articleshow/6809047.cmshttp://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/SBI-to-start-merchant-acquiring-business-soon/articleshow/6809047.cmshttp://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/SBI-to-start-merchant-acquiring-business-soon/articleshow/6809047.cmshttp://economictimes.indiatimes.com/markets/stocks/market-news/CIL-IPO-priced-ar-Rs-245-per-share/articleshow/6812522.cmshttp://economictimes.indiatimes.com/markets/stocks/market-news/CIL-IPO-priced-ar-Rs-245-per-share/articleshow/6812522.cmshttp://economictimes.indiatimes.com/markets/stocks/market-news/CIL-IPO-priced-ar-Rs-245-per-share/articleshow/6812522.cmshttp://economictimes.indiatimes.com/markets/commodities/Gold-silver-decline-on-lack-of-support/articleshow/6816003.cmshttp://economictimes.indiatimes.com/markets/commodities/Gold-silver-decline-on-lack-of-support/articleshow/6816003.cmshttp://economictimes.indiatimes.com/markets/commodities/Gold-silver-decline-on-lack-of-support/articleshow/6816003.cmshttp://economictimes.indiatimes.com/markets/commodities/Gold-silver-decline-on-lack-of-support/articleshow/6816003.cmshttp://economictimes.indiatimes.com/markets/commodities/Gold-silver-decline-on-lack-of-support/articleshow/6816003.cmshttp://economictimes.indiatimes.com/markets/commodities/Gold-silver-decline-on-lack-of-support/articleshow/6816003.cmshttp://economictimes.indiatimes.com/markets/stocks/market-news/CIL-IPO-priced-ar-Rs-245-per-share/articleshow/6812522.cmshttp://economictimes.indiatimes.com/markets/stocks/market-news/CIL-IPO-priced-ar-Rs-245-per-share/articleshow/6812522.cmshttp://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/SBI-to-start-merchant-acquiring-business-soon/articleshow/6809047.cmshttp://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/SBI-to-start-merchant-acquiring-business-soon/articleshow/6809047.cmshttp://www.silobreaker.com/call-money-rate-11_18363248


5/11


SKS shares continue to bleed, close just above IPO issue priceShares of SKS Microfinance continued on their downward slide for a second session on Tuesday,

shedding 1.57 per cent to close just above their IPO issue price of`985 apiece on the Bombay Stock

Exchange. Earlier this week, SKS tanked by 15 per cent to an intra-day low of `894.70, the lowest

level since the Hyderabad-based firm was listed on the bourses in August, before recovering some

ground. On Monday, SKS closed with a loss of 4.61 per cent.

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http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/SKS-shares-continue-to-bleed-close-just-above-IPO-issue-price/articleshow/6816532.cmshttp://economictimes.indiatimes.com/markets/stocks/stocks-in-news/SKS-shares-continue-to-bleed-close-just-above-IPO-issue-price/articleshow/6816532.cmshttp://economictimes.indiatimes.com/markets/stocks/stocks-in-news/SKS-shares-continue-to-bleed-close-just-above-IPO-issue-price/articleshow/6816532.cmshttp://economictimes.indiatimes.com/markets/stocks/stocks-in-news/SKS-shares-continue-to-bleed-close-just-above-IPO-issue-price/articleshow/6816532.cmshttp://economictimes.indiatimes.com/markets/stocks/stocks-in-news/SKS-shares-continue-to-bleed-close-just-above-IPO-issue-price/articleshow/6816532.cmshttp://economictimes.indiatimes.com/markets/stocks/stocks-in-news/SKS-shares-continue-to-bleed-close-just-above-IPO-issue-price/articleshow/6816532.cms


6/11


FMCG

FMCG firms on launch spree as demand revives

As many as 140 products entered the FMCG market between January and August, HindustanUnilever set the pace with 36 new products and variants as total launches in the first eight months

increased 13% year-on-year. With consumption going up across specific categories, theres room for

specialised variants and these are easier and less expensive to launch compared to completely

new brands. Dabur launched 11 products during the period, including Fem gold bleach, Odomos oil,

Odonil air fresheners and new variants of Pudin Hara, Hajmola digestives and Vatika shampoo.

Another reason for the high number was a low base. If Hindustan Unilever launched Sure to break

into the deodorant market, PepsiCo brought its global fizzy drink Pepsi Max to take on leading cola

brand Thums Up in India. GlaxoSmithKline has launched Sensodyne toothpaste for sensitive teeth

and Foodles noodles, though the companys focus is mainly on extending its core brand Horlicks. While Marico introduced oats, Emami entered segments such as edible oil, baby care products and

soaps.

< http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/FMCG-firms-

on-launch-spree-as-demand-revives/articleshow/6795925.cms>

____________________________________________________________________

Coca-Cola, Nestle extend global JV to tea in IndiaCoca-Cola is extending its global joint venture with Nestle for ready-to-drink tea Beverage

Partners Worldwide to India, at a time when a joint venture between its archrival PepsiCo India

and Tata Tea for functional beverages is on the verge of being kicked off.

Coca-Cola India will start selling ready-to-drink iced tea under the Nestea brand in bottles within the

next two months. This calendar, it has already entered two new categories nimbu pani under

Minute Maid in January and Maaza Milky Delite flavoured milk two months back.

As part of the 19-year-old global agreement between the two giants, the rights to manufacture,

distribute and market the Nestea brand in powdered and vending machine formats are with Nestle,

while the rights to make distribute and market Nestea in glass and PET bottles and cartons are withCoca-Cola.

This would be the first time that the same brand, in different formats, will be sold and marketed by

two separate companies in India

____________________________________________________________________
http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/FMCG-firms-on-launch-spree-as-demand-revives/articleshow/6795925.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/FMCG-firms-on-launch-spree-as-demand-revives/articleshow/6795925.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/FMCG-firms-on-launch-spree-as-demand-revives/articleshow/6795925.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/Coca-Cola-Nestle-extend-global-JV-to-tea-in-India/articleshow/6806029.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/Coca-Cola-Nestle-extend-global-JV-to-tea-in-India/articleshow/6806029.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/Coca-Cola-Nestle-extend-global-JV-to-tea-in-India/articleshow/6806029.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/Coca-Cola-Nestle-extend-global-JV-to-tea-in-India/articleshow/6806029.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/Coca-Cola-Nestle-extend-global-JV-to-tea-in-India/articleshow/6806029.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/Coca-Cola-Nestle-extend-global-JV-to-tea-in-India/articleshow/6806029.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/FMCG-firms-on-launch-spree-as-demand-revives/articleshow/6795925.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/FMCG-firms-on-launch-spree-as-demand-revives/articleshow/6795925.cms


7/11


Indian ayurvedic body slams Colgate for patenting lal dant manjanLal dant manjan, or red herbal dentifrice, is now patented in the US by Colgate Palmolive, and

Indian ayurvedic companies have sought government intervention to cancel it. Colgate received

patent for red herbal dentifrice in the United States in June this year on the basis of an application

dated 2005, filed in India.

The Association of Manufacturers of Ayurvedic Medicines (Amam), which represents 200 companies

including Dabur, Himalaya , Hamdard and Baidyanath, has accused the American personal care giant

of patenting an Indian traditional knowledge in the US, India and elsewhere. The Controller General

of Patents, which grants patents in India, has yet to decide on Colgates application. In fact, the US

and the European Union have cancelled patents on turmeric and neem following opposition from

India.

____________________________________________________________________

HUL's appetite- experiments in marketingHUL has managed to get 50 million consumers to sample its foods products in 2009 and the number

is likely to be higher this year. The idea is to hit at source; influence purchase decisions and propel

the foods business, which has historically been a weak spot in its portfolio. In a segment that has

major players such as Britannia, Nestle, Amul, ITC Foods , Parle, Kelloggs, GlaxoSmithKline, Wrigley

and Frito-Lay, besides hundreds of smaller firms, HULs processed foods business (excluding

beverages) share is less than `1,000 crore. Because 78% of purchase decisions are made at the point

of sales, HUL is taking its experiential marketing strategy everywherefrom trains to shops tohomes. HULs beverages, foods and ice-creams businesses account for only 18% of its `17,524-crore

revenues, while parent Unilever earns 50% of its e10.1 billion revenues from foods.

____________________________________________________________________

Conscious Capitalism: HULHUL is working closely with key tea plantations and Rainforest Alliance (RA), an international

certification body in the area of sustainable agriculture. The 'Sustainable Estates' certification is

currently sought for 52 other tea estates in Assam and Darjeeling.

HUL wants to source raw materials from agriculture and forestry in a sustainable manner. It is

following the Unilever Sustainable Agriculture Code for growers of key crops this covers 11

indicators, including water, energy, pesticide use, biodiversity, social capital and animal welfare. HUL

has also begun putting a Healthy Choices stamp on its food products.

____________________________________________________________________
http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Indian-ayurvedic-body-slams-Colgate-for-patenting-lal-dant-manjan/articleshow/6777436.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Indian-ayurvedic-body-slams-Colgate-for-patenting-lal-dant-manjan/articleshow/6777436.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Indian-ayurvedic-body-slams-Colgate-for-patenting-lal-dant-manjan/articleshow/6777436.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Indian-ayurvedic-body-slams-Colgate-for-patenting-lal-dant-manjan/articleshow/6777436.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/HULs-appetite--experiments-in-marketing/articleshow/6790074.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/HULs-appetite--experiments-in-marketing/articleshow/6790074.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/HULs-appetite--experiments-in-marketing/articleshow/6790074.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/HULs-appetite--experiments-in-marketing/articleshow/6790074.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Conscious-Capitalism-HUL/articleshow/6790113.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Conscious-Capitalism-HUL/articleshow/6790113.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Conscious-Capitalism-HUL/articleshow/6790113.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Conscious-Capitalism-HUL/articleshow/6790113.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Conscious-Capitalism-HUL/articleshow/6790113.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Conscious-Capitalism-HUL/articleshow/6790113.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/HULs-appetite--experiments-in-marketing/articleshow/6790074.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/HULs-appetite--experiments-in-marketing/articleshow/6790074.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Indian-ayurvedic-body-slams-Colgate-for-patenting-lal-dant-manjan/articleshow/6777436.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Indian-ayurvedic-body-slams-Colgate-for-patenting-lal-dant-manjan/articleshow/6777436.cms


8/11


IT & TELECOM

TCS notches $2 billion revenue

Tech giant Tata Consultancy Services (TCS) reportedly notched whooping revenue of $2 billion.Moreover, a 30%-plus growth in net profit for the second quarter of FY11 has been recorded. TCS

has concretized its hold and is looking forward to expanding its base as reported. This is the season

of acquisitions and TCS also wants to get hold of a medium sized European company. More business

in China and Europe and growth in non-linear initiatives are some of the engines that will continue

to deliver growth beyond $6 billion for TCS according to analysts. The company is focusing on

smoothening out large variations in some revenue streams and also improving profitability.

____________________________________________________________________

Google sued for alleged privacy violations

Google is being targeted in a class action suit that alleges it violates the privacy of its users by sharing

personal information and Internet search queries of its users with third parties. "User search

queries, which often contain highly-sensitive and personally identifiable information, are routinely

transferred to marketers, data brokers, and sold and resold to countless other third parties," the

complaint said.

____________________________________________________________________

Bharti splits $500 mn Africa deal among IBM, Tech Mahindra andSpanco

Indias top mobile phone firm Bharti Airtelsaid it will award call centre contracts for its Africanoperations to IBM,Tech Mahindraand Spanco, marking the second significant step in replicating itshugely-successful outsourcing model in that continent. Bharti Airtels international CEO Manoj Kohli

and other officials with the worlds fifth-largest telco by customers declined to divulge the deal size,

but an industry executive with direct knowledge of the development said the five-year contract was

worth around $500 million, with IBM andSpanco sharing most of the spoils.

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http://itvoir.com/portal/news/News/TCS-notches-2-billion-revenue-8-472.asphttp://itvoir.com/portal/news/News/TCS-notches-2-billion-revenue-8-472.asphttp://itvoir.com/portal/news/News/TCS-notches-2-billion-revenue-8-472.asphttp://economictimes.indiatimes.com/tech/internet/Google-sued-for-alleged-privacy-violations/articleshow/6816595.cmshttp://economictimes.indiatimes.com/tech/internet/Google-sued-for-alleged-privacy-violations/articleshow/6816595.cmshttp://economictimes.indiatimes.com/tech/internet/Google-sued-for-alleged-privacy-violations/articleshow/6816595.cmshttp://economictimes.indiatimes.com/tech/internet/Google-sued-for-alleged-privacy-violations/articleshow/6816595.cmshttp://economictimes.indiatimes.com/bharti-airtel/stocks/companyid-2718.cmshttp://economictimes.indiatimes.com/bharti-airtel/stocks/companyid-2718.cmshttp://economictimes.indiatimes.com/tech-mahindra/stocks/companyid-11221.cmshttp://economictimes.indiatimes.com/tech-mahindra/stocks/companyid-11221.cmshttp://economictimes.indiatimes.com/tech-mahindra/stocks/companyid-11221.cmshttp://economictimes.indiatimes.com/spanco/stocks/companyid-4158.cmshttp://economictimes.indiatimes.com/spanco/stocks/companyid-4158.cmshttp://economictimes.indiatimes.com/tech/ites/Bharti-splits-500-mn-Africa-deal-among-IBM-Tech-Mahindra-and-Spanco/articleshow/6812374.cmshttp://economictimes.indiatimes.com/tech/ites/Bharti-splits-500-mn-Africa-deal-among-IBM-Tech-Mahindra-and-Spanco/articleshow/6812374.cmshttp://economictimes.indiatimes.com/tech/ites/Bharti-splits-500-mn-Africa-deal-among-IBM-Tech-Mahindra-and-Spanco/articleshow/6812374.cmshttp://economictimes.indiatimes.com/tech/ites/Bharti-splits-500-mn-Africa-deal-among-IBM-Tech-Mahindra-and-Spanco/articleshow/6812374.cmshttp://economictimes.indiatimes.com/tech/ites/Bharti-splits-500-mn-Africa-deal-among-IBM-Tech-Mahindra-and-Spanco/articleshow/6812374.cmshttp://economictimes.indiatimes.com/tech/ites/Bharti-splits-500-mn-Africa-deal-among-IBM-Tech-Mahindra-and-Spanco/articleshow/6812374.cmshttp://economictimes.indiatimes.com/spanco/stocks/companyid-4158.cmshttp://economictimes.indiatimes.com/tech-mahindra/stocks/companyid-11221.cmshttp://economictimes.indiatimes.com/bharti-airtel/stocks/companyid-2718.cmshttp://economictimes.indiatimes.com/tech/internet/Google-sued-for-alleged-privacy-violations/articleshow/6816595.cmshttp://economictimes.indiatimes.com/tech/internet/Google-sued-for-alleged-privacy-violations/articleshow/6816595.cmshttp://itvoir.com/portal/news/News/TCS-notches-2-billion-revenue-8-472.asp


9/11


Indian domestic IT market to be worth $13.6 bn by 2014Indian domestic IT market is growing at a rapid pace and it expected to be worth a whooping worth

$13.6 bn by 2014.Basically, this market includes products and professional services.The country's

domestic IT services market is expected to see a Compounded Annual Growth Rate (CAGR) of 16 per

cent in the next four years as per reports. Large government spending in areas such as e-governance

will catalyze speedy development of the domestic IT market in the country.

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Nokia to Cut Jobs as It Tries to Catch Up to RivalsNokia, the largest cell phone maker in the world, said Thursday that it would cut 1,800 jobs as it tries

to streamline operations and speed up delivery of new software and better Web services for its

besieged smartphones. The job cuts, which amount to 3 percent of the core work force, came asNokia, the leader in basic cell phones and smartphones, reported third-quarter earnings of 529

million, or $742 million, a figure that was much better than expected.

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http://itvoir.com/portal/news/News/Indian-domestic-IT-market-to-be-worth-13-6-bn-by-2014-8-476.asphttp://itvoir.com/portal/news/News/Indian-domestic-IT-market-to-be-worth-13-6-bn-by-2014-8-476.asphttp://itvoir.com/portal/news/News/Indian-domestic-IT-market-to-be-worth-13-6-bn-by-2014-8-476.asphttp://itvoir.com/portal/news/News/Indian-domestic-IT-market-to-be-worth-13-6-bn-by-2014-8-476.asphttp://www.nytimes.com/2010/10/22/technology/22nokia.html?_r=1&ref=companieshttp://www.nytimes.com/2010/10/22/technology/22nokia.html?_r=1&ref=companieshttp://www.nytimes.com/2010/10/22/technology/22nokia.html?_r=1&ref=companieshttp://www.nytimes.com/2010/10/22/technology/22nokia.html?_r=1&ref=companieshttp://itvoir.com/portal/news/News/Indian-domestic-IT-market-to-be-worth-13-6-bn-by-2014-8-476.asphttp://itvoir.com/portal/news/News/Indian-domestic-IT-market-to-be-worth-13-6-bn-by-2014-8-476.asp


10/11


MANUFACTURING

Maruti plans to add 1,500 service outlets by 2015

The country's largest car maker Maruti Suzuki India is planning to ramp up its service centres by amassive 1,500 outlets by 2015 in line with its expansion of production capacity to over 17 lakh units

annually. The company currently has 2,784 service points and it is planning to increase it to over

4,200 outlets in the next five years, a jump of more than 50 per cent. As per the company's network

expansion plan, MSI will add the new outlets in over 1,300 cities and small towns with an aim to

provide car servicing facility for every 25 km across the country. MSI's service network currently

handles a load of 11.8 lakh cars every month and it is expecting it to grow to 14.5- 15.0 lakh units by

2015. Subsequently, the current strength of about 33,000 employees at the service outlets will go up

to 55,000 in order to meet the additional demand.

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Air fares set to climb 10% this festive seasonAll those who are planning air travel in the next four months might have to shell out more for their

tickets as high demand caused by strong financial markets, festive season and good economic

growth are expected to push up air fares. Consumers may get to see a 10-15% increase on all

domestic sectors till January. Every airline allocates a certain number of seats at a certain price band.

The first few seats are priced towards the lower band so that airlines can get a sense of how aparticular aircraft is filling up. That is why tickets booked earlier usually cost less. In that sense, there

is the possibility that airlines may allocate more seats towards the higher price band to cash in on

the demand.

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Tata Motors pips RIL to emerge as India's top brandThe Tata Motors-Jaguar-Land Rover combine, with a valuation of $8.45 billion, has over taken

Reliance to top the list of the 50 most valuable corporate brands in India in the 2010 edition of

Indias Most Valuable Brands survey. BrandFinance, a London-based global brand valuation firm, did

the study in exclusive partnership with The Economic Times. The brand valuation of Tata Motors-JLR

grew 172% over its 2009 value of $3.1 billion when it was at No. 5 in the pecking order. Reliance, the

petrochemicals-to-retail major, saw a10% erosion in its brand value at $7.04 billion, down from $7.8

billion in 2009.

< http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/Tata-Motors-

pips-RIL-to-emerge-as-Indias-top-brand/articleshow/6805949.cms >

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http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Maruti-plans-to-add-1500-service-outlets-by-2015/articleshow/6802333.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Maruti-plans-to-add-1500-service-outlets-by-2015/articleshow/6802333.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Maruti-plans-to-add-1500-service-outlets-by-2015/articleshow/6802333.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Maruti-plans-to-add-1500-service-outlets-by-2015/articleshow/6802333.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Air-fares-set-to-climb-10-this-festive-season/articleshow/6806268.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Air-fares-set-to-climb-10-this-festive-season/articleshow/6806268.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Air-fares-set-to-climb-10-this-festive-season/articleshow/6806268.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Air-fares-set-to-climb-10-this-festive-season/articleshow/6806268.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/Tata-Motors-pips-RIL-to-emerge-as-Indias-top-brand/articleshow/6805949.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/Tata-Motors-pips-RIL-to-emerge-as-Indias-top-brand/articleshow/6805949.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/Tata-Motors-pips-RIL-to-emerge-as-Indias-top-brand/articleshow/6805949.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/Tata-Motors-pips-RIL-to-emerge-as-Indias-top-brand/articleshow/6805949.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/Tata-Motors-pips-RIL-to-emerge-as-Indias-top-brand/articleshow/6805949.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Air-fares-set-to-climb-10-this-festive-season/articleshow/6806268.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Air-fares-set-to-climb-10-this-festive-season/articleshow/6806268.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Maruti-plans-to-add-1500-service-outlets-by-2015/articleshow/6802333.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Maruti-plans-to-add-1500-service-outlets-by-2015/articleshow/6802333.cms


11/11


Hero Electric to expand in North America, EuropeElectric two-wheeler maker Hero Electric is stepping up efforts to expand presence in global markets

with a focus on North America and Europe. The company that sells a total of 30,000 units of electric

two wheelers annually is also looking for technology transfer from international companies for

product enhancement. As per industry estimates, about 1.1 lakh electric two wheelers are sold in

India every year by companies, including Hero Electric, Avon Cycles and Electrotherm along with a

host of other regional players.

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Google TV Dead without NBC, CBS, ABC BroadcastsMajor networks pull the plug on Google TVs web service just as plans escalate to take the design to

the living room. After announcing one of the biggest phenomenas of the year for the search engine,it looks like the celebration was a bit short lived. Google Inc.s web-TV service wont be featuring

some of the best shows on television after ABC, CBS and NBC began blocking programs from the

website. Google TV supposedly allows viewers to check out the Internets web videos through their

television, in addition to searching live, but it looks like just a few weeks after Logitech International

S.A. and Sony Corp. began selling them, things have come to a halt.

< http://www.manufacturingdigital.com/business/technology/google-tv-dead-without-nbc-cbs-abc-

broadcasts>

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http://economictimes.indiatimes.com/news/news-by-industry/auto/two-wheelers/Hero-Electric-to-expand-in-North-America-Europe/articleshow/6802285.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/two-wheelers/Hero-Electric-to-expand-in-North-America-Europe/articleshow/6802285.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/two-wheelers/Hero-Electric-to-expand-in-North-America-Europe/articleshow/6802285.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/two-wheelers/Hero-Electric-to-expand-in-North-America-Europe/articleshow/6802285.cmshttp://www.manufacturingdigital.com/business/technology/google-tv-dead-without-nbc-cbs-abc-broadcastshttp://www.manufacturingdigital.com/business/technology/google-tv-dead-without-nbc-cbs-abc-broadcastshttp://www.manufacturingdigital.com/business/technology/google-tv-dead-without-nbc-cbs-abc-broadcastshttp://www.manufacturingdigital.com/business/technology/google-tv-dead-without-nbc-cbs-abc-broadcastshttp://www.manufacturingdigital.com/business/technology/google-tv-dead-without-nbc-cbs-abc-broadcastshttp://economictimes.indiatimes.com/news/news-by-industry/auto/two-wheelers/Hero-Electric-to-expand-in-North-America-Europe/articleshow/6802285.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/two-wheelers/Hero-Electric-to-expand-in-North-America-Europe/articleshow/6802285.cms

bgyan newsletter - 20oct - 26 october, 2010

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