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From 6 th Sep. to 10 th Sep. 2010

Weekly News

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Page 1: Weekly  News

From 6th Sep. to 10th Sep. 2010

Page 2: Weekly  News

• The Bombay Stock Exchange plans to buy a

controlling stake in investor services company

Computer Age Management Services for Rs 650cr.

• BSE has a net worth of about Rs 1900cr.

• CAMS has more than half the market share in servicing

mutual funds clients.

Page 3: Weekly  News

• Suzuki is planning to set up the 3rd manufacturing plant by 2013 at the same site in Manesar.

• Suzuki has a 54% stake in the Indo-Japanese joint venture.

• The market share of Maruti Suzuki plummeted from 53.3% to 47.7% in April-July period,2010.

• The 3rd plant is expected to boost up the production capacity to 8 lakh vehicles from the present 3.6 lakh.

• Suzuki Chairman Osamu Suzuki is realistic about the yen reaching a 15 year low it hit last month , so Japanese automakers have decided to set up production plants abroad.

Page 4: Weekly  News

• India has slipped by two places to 51st in the World

Economic Forum's global competitiveness

rankings, while rival China has managed to improve its

standing to 29th.

• As per the WEF's Global Competitiveness Report 2010-

11 Switzerland is No. 1 in the world

• Sweden, another technology powerhouse in

Europe, ranks second, followed by Singapore and the

United States, which both fell by two positions from

their ranking last year. The African nation of Chad

figures at the bottom of the list of 139 countries.

Page 5: Weekly  News

• Maruti, Tata Motors & Skoda sat to drive into Multi-

Utility Vehicle segment.

• “MUV`s are gaining ground with their higher utility and

lower cost of operation, "Toyota's deputy MD (mkt)

Sundeep Singh said.

• It is likely to come with advanced features like wheel

traction control, climate control, navigation

system, multiple airbags and antilock braking system.

Page 6: Weekly  News

• Petroleum Ministry has asked Cairn Energy Plc to seek

fresh approval for Vedanta Industries bid to acquire 60%

stake in Cairn India.

• Petroleum Secretary, S Sunderashan said we can only

intervene once Cairn India provides the appropriate

letter that contains details of the Product-sharing

contract (PSC)

• These PSC norms require government approvals if there

is involvement of change of ownership and management

of the company.

Page 7: Weekly  News