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RAPID NEWS

10th August 2011, Nagpur

HERO MOTOCORP UNVEILS NEW BRAND

Announcing its new brand identity, Indias largest two-wheeler maker Hero MotoCorp(formerly Hero Honda) on Tuesday said it will set up two new manufacturing plants in thecountry and will pump in more investments in the next five years than it has done in the last 27years with Honda. The company, which introduced two new products under its new brand,said it will soon tie up with a European firm for technology support for its future product

platforms. Source: The Hindu

AIR INDIA CRISIS: ARVIND JADHAV READY TO FACE THE WORST

With moves reportedly being made for his ouster, Air India CMD Arvind Jadhav is said to beprepared to face the worst. Sources close to him said that since his appointment was done bythe Appointments Committee of the Cabinet (ACC), it was government's prerogative to retainor remove him from the post before his three-year tenure ends on May 4 next year. ThoughCivil Aviation Ministry officials denied having made any move for removing him, 55-yearold Jadhav is facing criticism for the grave financial crisis facing Air India.

Source: Indian Express

HINDUSTAN MOTORS LAUNCHES NEW VEHICLE

Hindustan Motors launched VEER, a 0.8-tonne (800 kg) small commercial vehicle (SCV) inKolkata on Monday saying that more launches are in the pipeline within this fiscal year. Achange in the product mix is also being planned. While these vehicles are set to be made fromthe Pithampur unit, it was learnt that some launches from the Chennai unit were also on thecards by March 2012. Source: The Hindu

SENSEX ENDS 132 POINTS DOWN AFTER PANIC TRADE

The BSE benchmark Sensex fell for the sixth day and closed 132.27 points down to below the17,000 mark in volatile trade as investors sold blue-chips, especially IT stocks, amid a rout

in global equities. A sharp jump in Chinese inflation to more than three years high further

spooked the equities market. Source: Indian Express

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SUBBARAO GETS TWO-YEAR EXTENSION

The Reserve Bank of India Governor, Dr D. Subbarao, has got a two-year extension. He willcontinue to hold office till 2013. The Prime Minister has approved the extension of the term ofDr D. Subbarao as Governor of the Reserve Bank of India for a further period of two years with

effect from September 5, 2011 up to September 4, 2013," said a statement today from the PrimeMinister Office. Source: Business Line

GOLD FUTURES TOUCHES ALL-TIME HIGH

Continuing its record-breaking spree, gold futures prices hit yet another high of Rs 26,198 per10 grams today by adding Rs 956 as speculators created fresh positions after the metal zoomedpast $1,700 an ounce for the first time ever in history in the global markets. At the MultiCommodity Exchange, gold for delivery in October climbed Rs 956 to trade at an all-time highof Rs 26,198 per 10 grams with a business turnover of 29,258 lots. It had closed 2.4 per centhigher at Rs 25,242 per 10 grams in the previous session. Source: Business Line

BRITAIN BURNS: UK PM RECALLS PARLIAMENT, RIOT SPREADS

British Prime Minister David Cameron recalled Parliament from its summer recess on Tuesdayand tripled the number of police on the streets ofLondonto deal with the crisis touched off bythree days of rioting. Source: Times of India

BIG BAZAAR TO OFFER SIX-DAY MAHA-BACHAT FROM AUG 10

Big Bazaar, the largest chain of hypermarkets from Future Group, has once again come up withtheir special Independence Day offer of Mahabachat for six days from August 10 to August 15,2011 at its all 153 Big Bazaar outlets across the country. Technique of Advertising which is beingused by the organization to promote the event is called ROADBLOCKING.Source: Business Standard

INDIANS HOLD GOLD WORTH $ 1 TRILLION

Ifgoldis considered as a symbol of prosperity and good fortune, then definitely Indians areprosperous. If the entire gold holdings in the country are sold off, eachIndiancitizen will getover Rs 37,000 at the current price level. Source: Indian Express

http://timesofindia.indiatimes.com/topic/Londonhttp://timesofindia.indiatimes.com/topic/Londonhttp://timesofindia.indiatimes.com/topic/Londonhttp://goldherald.com/http://goldherald.com/http://goldherald.com/http://wn.com/indiahttp://wn.com/indiahttp://wn.com/indiahttp://wn.com/indiahttp://goldherald.com/http://timesofindia.indiatimes.com/topic/London

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RATAN TATA SUCCESSOR TO BE ANNOUNCED BY YEAR END

Tata group will announce the successor to chairman Ratan Tata by 2011-end. Tata will beretiring by the end of next calendar year as he will turn 75 in December 2012. A five memberpanel appointed by the conglomerate to identify the successor has still not finalized the name

according to a highly placed source in the group. Source: Economic Times

SOCIAL MEDIA USED TO SPREAD BRITAIN'S RIOTS

Encrypted messages sent viaBlackBerrysare being used by mobs to encourage rioting acrossBritain - mayhem born of an incendiary mixture of conditions that converged during Europe'ssleepy summer vacation season. Source: Times of India

CLICK AND SAVE 400 TONNES OF CARBON, SUZLON-STYLE

Are you the typical environment freak who wants to do his or her bit to reduce carbonfootprint, but doesnt know how to? Energy major Suzlon has just devised a new programme

that enables students, housewives, working executives, armchair philosophers and just about

anyone else to contribute to, well, saving the planet. The scheme is called p.a.l.s, an acronym for

Pure Air Lovers Society, is an open group whose objective is to work together to build a

pollution-free environment. All you have to do is register atwww.pals.into be a part of this

initiative. Source: Business Standard

OTHER HAPPENINGS

LENOVO UNVEILED 10 NEW LAPTOPS AND PERSONAL COMPUTERS

AUDI A6 LAUNCHED IN HYDERABAD

MARUTI IS TO RELAUNCH MARUTI 800 AND NEW MODEL IS TO HIT MARKET BY 2012-13. PRICING SHALL BE MORE THAN MARUTI ALTO.

Compiled By: Asim Kumar Verma & Kritika Chandra (PGDM 2010-12)

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