Weekly news (25-30th oct)

1. By : Amit Chawla
Mba-2B
(25-30th OCTOBER)

2. US terms India as one of its best counterterrorism
partners
 The White House has identified New Delhi as one of its best
counterterrorism partners.
 In fact counterterrorism cooperation between India and the US would
be on top of Obama's agenda during his India visit and in his talks
with Indian leaders,
 We see India as a constructive partner in those efforts and we want
to make sure that India is a part of our dialogue about the future of
the region.
 And so this comes at a good time to continue those discussions, an
official said.

3. India Not To Join Global Chorus On Yuan Appreciation
• INDIA, mindful of its import dependency, is unlikely to join the global
rhetoric urging China to let its currency appreciate.
• India depends on cheap project imports from China to jump-start its
big-ticket infrastructure projects, especially in power.
• China is India's biggest trading partner and enjoys a huge trade
surplus, implying that a cheaper Yuan will lower India's import bill

4. Exports Zooms, trade
deficit shrinks
 Exports grew 23.2% to $18.02 billion
while imports rose 26.1% to $27.1
billion,
 which helped lower trade deficit to
$9.12 billion from an alarming $13
billion in August.

5. ArcelorMittal Q3 profit jumps 48%
 ArcelorMittal, the worlds largest steel maker,posted on Tuesday a 48%
jump in third quarter net profit, but higher raw material prices and
muted demand dampened its expectations for the rest of the year.
 Sales increased 30% to $21.04 billion from $16.17 billion a year earlier
 Net profit rose to $1.35 billion in the third quarter, from $910 million a
year earlier, as the global recovery boosted demand for steel

6. Walt Disney, virgin and Google amongst top 10
employers
The inaugural Dream Employers survey, run by Red Balloon and In sync
asked people in Australia and New Zealand to nominate their dream employer.
List is as follows
1. Google
2. Virgin
3. Self-employment
4. Apple
5. Qantas
6. Walt Disney
7. OMD
8. Sydney Water
9. Getaway
10. Coca-Cola

7. FDI in services sector dips 50% in Apr-Aug
 FDI during April-August 2009-10. Crisil principal economist D K Joshi
said: "Given the global situation, there is short term pullback in FDI
inflows." He said there will be a reversal of the trend in the next calendar
year.
 India still remains a preferred destination for foreign investment and that
is evident from the strong foreign institutional investors (FII) inflows we
are seeing.
 There will be a bounce back," he added. The overall FDI inflows in the
country dropped by 35% to $8.88 billion in April-August 2010-11, against
$13.76 billion in the year-ago period.
 The services sector, despite the 49.19% dip in FDI, still topped the chart in
attracting maximum foreign investments.

8. Next

9. I Hope increased