Weekly News 18-24 October

By: Amandeep Singh

Roll no:-94972238256
Mahindra Two Wheelers sales up 451% in

 Best monthly sales of 16,569 scooters in September.

 A whopping 451% increase year-on-year.

 ‘Powerscooter strategy’ targeting youth with its

peppy looks and 125cc power engine.

 300cc Mojo is a lifestyle bike, an ultimate machine

for motorcycle enthusiasts
Essar close to buying oil blocks in Africa

 Essar oil, India's second-largest private refiner,

is eyeing oil and gas exploration blocks in
Africa to secure crude oil supplies for its
refineries in India and Kenya.

 Essar had identified at least six blocks in

countries such as Nigeria, Libya and
Madagascar where it may buy stakes or entire
assets
Top IT companies in fray for Punjab e-governance
project

 Top IT companies including Infosys,TCS,HCL

technologies Infosys, Accenture etc are likely
to bid for the biggest e-govrenance project
related to urban local bodies in Punjab.

 The PPP project is aimed to cut costs and

place an efficient service delivery mechanism
in 5 municipal corporation,138municipal
councils and 24 improvement trusts.
Cont……

 The process for inviting private companies for

the Rs 460 cr. project has been already
initiated.

 The companies would earn revenue by

charging commission for monetary transaction
and various services
Honda recalls 528,000 cars

 Recalling 528,000 vehicles world-wide due to

potential problems with a master brake
cylinder seal.

 Recall, similar to one by Toyota Motor Corp

for about 1.5 million vehicles worldwide.
Cont….

 The same supplier, ADVICS Co Ltd, a

privately held Japanese company with a unit in
the United States, made the seals for both
major automakers.
Export Rush to Pakistan sets tomato on fire

 Asia’s largest prices of tomatoes to Rs 30 per

kg instead of the usual Rs 15/kg each October.

 with prices at Rs 70 to 80 /kg in Pakistan, and

only Rs 7.5/kg in the top tomato producing
state, Maharashtra, there is huge rush to
export.
Cont…

 Customs officials at Amritsar said over 135

trucks, each carrying 16 tones of tomatoes
,cross over to Lahore daily, catering to demand
in Pakistani Punjab and Khyber Pakhtunkhaw an
other 70 trucks are going to Bangladesh.

 Due to high price be cannot afford high rate so

we imported 80% of our requirements of tomato
paste from china.
Cont…

 The Rs 400 cr. Ludhiana based Cremica group

sources 20-30% of its tomato paste from
China.