Weekly News:Weekly News:44thth Oct – 10 Oct – 10thth Oct, 2010 Oct, 2010

Compiled by:Compiled by:

Taranpreet KaurTaranpreet Kaur

Mba-2(A)Mba-2(A)

Air India to demand another Rs Air India to demand another Rs 2,000 crore to repay debts2,000 crore to repay debts

As the process to infuse Rs 1,200 crore as additional As the process to infuse Rs 1,200 crore as additional equity in Air India takes shape, the national carrier equity in Air India takes shape, the national carrier might ask for another Rs 2,000 crore from the might ask for another Rs 2,000 crore from the government in the next financial year to repay its government in the next financial year to repay its massive debt.massive debt.

The airline would require Rs 3,000-Rs 4,000 crore The airline would require Rs 3,000-Rs 4,000 crore annually to pay off its debt, which is primarily on annually to pay off its debt, which is primarily on account of aircraft induction. account of aircraft induction.

Many mobile users blocked as Many mobile users blocked as telcos go on security drivetelcos go on security drive

DoT has asked for 100% subscriber DoT has asked for 100% subscriber reverification by October 30, which is posing a reverification by October 30, which is posing a huge challenge for operators considering that huge challenge for operators considering that the mobile subscriber base has crossed 670 the mobile subscriber base has crossed 670 million.million.

This is wthe largest database of citizens in the This is wthe largest database of citizens in the country, surpassing the number of driving country, surpassing the number of driving licences, passports, PAN cards or even licences, passports, PAN cards or even election cards.election cards.

NTPC's Chhattisgarh plant to NTPC's Chhattisgarh plant to become operational in Decemberbecome operational in December NTPCNTPC Chairman and Managing Director Arup Chairman and Managing Director Arup

Roy Choudhury told that the first phase (660 Roy Choudhury told that the first phase (660 mw) of the 1,980 mw power plant in mw) of the 1,980 mw power plant in Chhattisgarh's Bilaspur district will become Chhattisgarh's Bilaspur district will become operational in December, and the second operational in December, and the second phase, also of same capacity, in March next phase, also of same capacity, in March next year.year.

Adobe shares skyrocket on Adobe shares skyrocket on Microsoft buy reportMicrosoft buy report

Adobe Systems Inc's stock skyrocketed on Thursday Adobe Systems Inc's stock skyrocketed on Thursday after a media report stirred speculation it might after a media report stirred speculation it might become an acquisition target for Microsoft Corp. become an acquisition target for Microsoft Corp.

It closed up 11.5 per cent at $28.69 on the Nasdaq . It closed up 11.5 per cent at $28.69 on the Nasdaq . Microsoft shares were up 0.4 percent at $24.53. Microsoft shares were up 0.4 percent at $24.53.

Improved supplies keep food Improved supplies keep food inflation nearly flat at 16.24%inflation nearly flat at 16.24%

Food inflation eased marginally to 16.24% for the Food inflation eased marginally to 16.24% for the week ended September 25, from 16.44% in the week ended September 25, from 16.44% in the previous week, as improved supplies lowered prices. previous week, as improved supplies lowered prices.

The index for primary articles rose 0.1% during the The index for primary articles rose 0.1% during the week, pushing up inflation to 18.53%, but fuel week, pushing up inflation to 18.53%, but fuel

inflation remained unchanged at 10.73%inflation remained unchanged at 10.73%

Forbes: First lady is world's Forbes: First lady is world's most powerful womanmost powerful woman

In annual rankings of the 100 most powerful women , In annual rankings of the 100 most powerful women , released Wednesday, Forbes says President Barack released Wednesday, Forbes says President Barack Obama's wife has been a ``true change-maker'' since Obama's wife has been a ``true change-maker'' since coming to the White House .coming to the White House .

Mrs. Obama displaced German Chancellor Angela Mrs. Obama displaced German Chancellor Angela Merkel, who had held the top spot for the past four Merkel, who had held the top spot for the past four years. years.

The US first lady landed in 40th place on Forbes' The US first lady landed in 40th place on Forbes' 2009 list. 2009 list.