• Pearl International Tours & Travel is in talks to acquire companies with turnover of up to Rs.

300
Cr. as a part of its growth plan. The company is planning to nearly double its turnover to cross Rs. 1000
Cr. mark in the next two-three years from the current Rs. 540 Cr.

• Maharashtra Government has refused to give an NOC to Raymond, for the development of its
125-acre plot housing in Thane. The Government has decided not to give permission to the company for
its realty plans, unless the company resolves the compensation issue with its workers.

• World’s 10 whiskies brand list is dominated by 6 Indian brands -

o Bagpiper

o McDowell No.1

o Officer's Choice

o Original Choice

o Royal Stag

o Old Tavern

And other four brands are...

o Johnnie Walker

o Jack Daniel's

o Ballentine's

o Jim Beam

• Vikram Pandit, Chief Executive Officer of Citigroup, was named Global Business Leader of the Year
by leading news organization NDTV Profit. The award was part of NDTV Profit’s annual Business
Leadership Awards.

• The Weir Group PLC has agreed to acquire the valves business of Karnatak based BDK Engineering
Industries Limited

Reference:

The Economic Times & Business Standard

 Tata group’s Chairman Ratan Tata has been awarded with the degree of Honorary Doctor of Laws
by the President and Board of Regents of Pepperdine University at a formal ceremony in Mumbai.

• Dutch bank, ABN Amro is set to renew its contracts for managing the bank’s software applications
and computer hardware systems with IBM, Tata Consultancy Services (TCS) and Infosys Technologies.

The original contract signed by ABN Amro in 2005 was worth $2 billion, spread over five years, and
had five vendors — IBM, Accenture, TCS, Infosys and Patni.

Now the bank has decided to retain IBM for managing communication networks, desktops and
computer servers, TCS for handling incremental and new projects and Infosys for Finacle.

• Indian companies are increasingly acquiring assets and land in South America to enter into its
lucrative agricultural market and also to export commodities such as sugar, pulses and edible oils back to
India. India's largest sugar refiner, Shree Renuka Sugars had first bought a sugar and ethanol producer
Vale Do Ivai S.A. Acucar E Alcool in November 2009 for $240 million, including its 18,000 hectares of land
and cane crushing capacity of 3.1 million tonnes annually. In February, 2010 it invested another $329
million for a 51% stake in Equipav SA Acucar e Alcool that owns two sugar mills with 10.5 million tonnes
annual capacity, as well as, 115,000 hectares of cane growing land in south-eastern Brazil.

Sterling Group has a 2,000 hectare olive farm in Argentina and Solvent Extractors Associations of
India is planning to invest $50 million to grow oilseeds in Uruguay.

Olam, a company owned by a non-resident Indian with headquarters in Brazil, cultivates 30,000 hectares
of peanut production in Argentina.

In 2009, India imported over $1 billion worth of edible oils from Brazil.

South America, of course, has the advantage of large surplus of land and no restrictions on foreigners
acquiring this asset. It has 25% of world's freshwater reserves. Further, the cost of land in South America
is much less than its equivalent in India. The most fertile land is costing around $12000 a hectare, while
fallow land can be bought for as little as a few hundred dollars a hectare.

• Chennai Petroleum Corporation Limited is planning to invest Rs. 20000 Cr. over the next 5 years
for capacity expansion. CPCL will set up a 9 million tonne per annum brownfield refinery project at
Manali at a cost of Rs. 10000 Cr. It will also install a Resid Upgradation unit at an estimated cost of Rs.
3350 Cr. by the end of 2013. It will also replace a n exisiting 30” oil pipeline from the Chennai Port to the
Manali Refinery, in Tamil Nadu with a new 42" crude oil pipeline and it will cost Rs 65 Cr.
• Chennai Petroleum Corporation is implementing Euro IV project at a total investment of Rs. 2615
Cr. The project is being implemented at the company's Manali refinery for meeting the auto-fuel quality
specifications of motor speed and high speed diesel.

• Greenko Group is planning to enter into the fast-growing wind energy market in India with a
short-term target of 200 megawatt. It has already signed a power purchase deal with Reliance
Infrastructure. It has also signed a technology pact with General Electric Co for turbines designed for
low-wind regimes.

• The world's largest steel-maker, ArcelorMittal is in talks with Indiabulls Group to form a joint
venture company for scouting and mining iron ore in Rajasthan and setting up a steel plant.

• Leading paint manufacturer Kansai Nerolac Paints is planning to invest Rs. 600 Cr. to enhance its
production capacity by 50% over the next 3 years. The company has also appointed Bollywood superstar
Shah Rukh Khan as brand ambassador for promoting its eco-friendly paints.

• Opto Circuits India has received an approval from the USFDA to market a new modular patient
monitoring system, eVision 9100, in the US market.

• Film exhibitor, producer and distributor PVR Ltd is expectedto close a deal to sell its property at
Phoenix Mills in Mumbai by March next year, which could fetch it up to Rs. 100 Cr.

• Taiwan-based laptop manufacturer Micro Star International (MSI) has introduced a new line-up,
the F-Series priced between Rs 37,000 and Rs 53,000 a piece, in the Indian market.

• C K Birla Group’s firm Hyderabad Industries has signed a lease deed for acquiring a fibre cement
sheets manufacturing facility in Saidpur, Punjab with a capacity of 45,000 tonnes per annum.
• Sujana Towers Ltd, Tower division of Sujana Metal Products Ltd has bagged three prestigious
orders for the supply of transmission line towers, valued at Rs. 148.38 Cr., from SPIC SMO & SEW
Infrastructure Ltd. These towers would be used in the transmission lines of Power Grid Corporation of
India Ltd and Uttar Pradesh Vidyut Vitaran Nigam Ltd. As a part of the deal Sujana Towers would design,
test and supply about 16,700 MT of 400 KV multi circuit towers.

• Intertek, a leading provider of quality and safety solutions to a wide range of industries
worldwide, is now authorised by Australian Wool Innovation Ltd to conduct Woolmark testing of apparel
textile products.

• Sistema Shyam Teleservices, which offers mobile services under the 'MTS' brand, has launched
three smart-phones in the Indian market with prices starting at Rs 4,999.

• Royal Dutch Shell has been in exclusive talks with Finnish fuel distributor St1 to sell its
downstream business in Finland and Sweden.

• The United Arab Emirates' biggest phone company, Emirates Telecom Corp is considering Idea
Cellular Ltd among potential investment targets in India.

• Firstsource Solutions, a business process outsourcing company, has signed a five-year outsourcing
agreement with Axis Bank. As part of the agreement, Firstsource will offer customer contact services
(voice, email and web chat) to retail customers of Axis Bank.

• Reliance Communications is in talk with other strategic and financial investors to sell stake in its
telecoms tower businesses.

• Cholamandalam MS General Insurance, a joint venture between the $3-billion Murugappa Group
and the Japan-based Mitsui Sumitomo Insurance has launched an 'e-Policy' for its intermediaries,
'bancassurance' partners and customers. This initiative will enable the middlemen to see the list of all
the policies generated online.
• LIC housing finance has applied for a license with the Pension Fund Regulatory Authority (PFRDA)
to act as an aggregator under the National Pension System.

• Falcon Tyre’s Pawan Kumar Ruia is in talks to acquire an automotive component company in
Germany. The firm will rise around Rs. 800 Cr. by way of fresh shares through a rights issue, equity
convertible warrant or other instruments that will fund its expansion programme through capacity
expansion in India besides overseas acquisitions. The company is also looking to pump money into the
Mysore plant to raise its capacity by 50% to 15 lakh tyres per month and also has a plan to invest in a
new plant in Haridwar with a capacity of 5 lakh tyres/month.

• Aurobindo has signed a deal with the UK-based AstraZeneca to supply a range of generic drugs.

• Personal and healthcare products maker Emami Ltd has extended its hair care portfolio by
launching cream-based and another powder-based hair colours.

• Country’s 10 top paid executives

NameCompanyPay (Rs. Cr.)

Naveen JindalJSPL39.70

Kalanithi MaranSun TV37.08

Kavery MaranSun TV37.08

Pawan MunjalHero Honda30.88

B M MunjalHero Honda30.63

Toshiaki NakagawaHero Honda30.03

Sumihisa FukudaHero Honda29.91

Onkar KanwarApollo Tyres29.69

PRR RajhaMadras Cement27.91

Pankaj PatelCadila Healthcare28.63

• Top 10 acquisition by Tata Group

o Corus (Jan,2007)

o Jagura & Land Rover (Mar, 2008)

o Citigroup Global Services (Dec, 2008)

o Tetley Group (Feb, 2010)

o Tata Communications (Feb, 2002)

o NatSteel Asia Pte Ltd (August, 2004)

o Teleglobe International (Jul, 2005)

o Eight O' Clock Coffee Company(June, 2006)

o Hughes Telecom (India)(Dec, 2002)

o Brunner Mond (Dec, 2005)

Tata Group’s top 10 companies:

(In the financial year 2010, Tata group has 29 companies in its portfolio, 320,258 employees, total
revenue is Rs. 293562 Cr. and net profit is Rs. 10867Cr. )

Name of the companyRevenue in 2010

Tata SteelRs 102,393 cr

Tata MotorsRs 92,519 cr

TCSRs 30,029 cr

Tata PowerRs 18,713 cr

Tata CommunicationsRs 11,026 cr

Tata ChemicalsRs 9,544 cr

Tata Global BeveragesRs 5,821 cr

VoltasRs 4,824 cr

Titan IndustriesRs 4,678 cr

Indian HotelsRs 2,457 cr

Reference:

The Economic Times & Business Standard

• Indian Rotorcraft, a joint venture between Tata and Italian company owned by Finmeccanica,
AgustaWestland, is likely to set up a helicopter manufacturing unit at GMR's aviation SEZ at the Rajiv
Gandhi International Airport, Hydrabad. The JV will manufacture AW119, an eight-seat utility helicopter
for AgustaWestlan.

• ArcelorMittal is in talk with Indiabulls Real Estate to form a joint venture to acquire iron ore and
coal mines in India. ArcelorMittal is planning to spend $6.5 billion to build a 6-million-tonnes-a-year steel
plant in the southern Karnataka state.

• ArcelorMittal has agreed to pay Rs. 350 Cr. to farmers whose land is being acquired for its Rs.
30000 Cr. steel project in Karnataka. The land price has been fixed between Rs 8 lakh -Rs 16 lakh per
acre and the company has already deposited Rs. 267 Cr. to the Karnataka Industrial Area Development
Board. The Karnataka government has acquired about 4,000 acres of land in Bellary district for
ArcelorMittal’s 6 million tonnes per annum project.

• Aditya Birla Nuvo will infuse Rs. 300 Cr. in the groups’ non-banking and finance arm Aditya Birla
Finance Ltd.

• Gammon Infrastructure Projects Ltd has achieved financial closure for a loan worth Rs. 8.46 billion
for a highway project in Bihar. The total estimated project cost is Rs. 9.4 billion.
• Leading SAW pipe manufacturers Man Industries has bagged a Rs. 1200 Cr. order from
international and domestic customers, including GAIL, for its Dabhol-Bangalore Pipe Line project.

• Tata Steel is looking for a buyer for its South African unit after agreeing to sell its Teesside
operations in the UK.

• Maini Global Aerospace has bagged an outsourcing contract worth up to $10 million to make
structural components for the extended range fuel cells of the Boeing P-8A Poseidon multi-mission
maritime aircraft.

• L&T's NBFC subsidiary, L&T Infrastructure Finance, is targeting the disbursement of Rs. 5000-5500
Cr. worth of loans in the current fiscal. L&T's financial services arm is keen to enter into the banking
sector and the company will submit its views to the central bank by the end of this month.

• Akai India has entered into the Indian mobile market with the launch of ten new handsets with a
price tag between Rs. 1800 and Rs. 8000.

The range will appeal to consumers across all segments and will be available across 8000 retail outlets in
the country and by the end of September, 2010 it will be 20000 retail outlets.

• Low-cost airline SpiceJet will flag-off its first international flight from Delhi to Kathmandu on
October 7, 2010 and Chennai to Colombo on October 9, 2010. It will also start its international
operations to Kathmandu in the next month. The base charges on the Chennai-Colombo route will start
from Rs.999 (excluding taxes) and New Delhi-Kathmandu route will be Rs.1,499(excluding taxes).

Reference:

The Economic Times & Business Standard