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From 6th Sep. to 10th Sep. 2010
• 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.
• 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.
• 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.
• 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.
• 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.