1. WEEKLY NEWS
Submitted by:-
AMRIT GILL

2. 12 Nov, 2010, 12.35PM IST,ET Bureau & Agencies
Power Grid FPO fully subscribed in retail portion
• Power Grid Corp of India's share sale worth up to
$1.7 billion was fully subscribed in the retail
portion of the offering, exchange data showed on
Friday.
• The offer, priced at Rs 52, had been subscribed 65
times, mobilising around Rs 41,223 crore.
• The share price of Power Grid Corporation of
India had declined by 4% on November 8
(Monday) to close at 98.4

3. Raja scam at Rs1.7L cr but DMK says
no need to resign
• Despite the growing pressure on the Congress
to take action against Telecom minister A Raja
, key ally DMK has refused to budge from its
position .
• Maintaining that Raja followed all the
regulations of TRAI, Elangovan said that the
report by the CAG was not foolproof and
could be wrong

4. Bharti Airtel to re-brand 'Airtel', to
spend Rs 300 crores
• Sunil Mittal's Bharti Airtel is going in for a mega
brand change of Airtel for which the company will
spend Rs 300 crores globally.
• The new look of the brand is expected to have a
swoosh locked with the word Airtel. The way
Airtel is written may also change, it is not
expected to have a capital 'A' under the new
brand. The red colour, though, will still be
dominant in the new brand.
• Airtel's re-branding is done by the agency J
Walter Thompson .

5. FDI to decide HDFC life listing
• HDFC standard life insurance has put off its listing plans until
the government relaxed foreign investment norms. UK life
insurer Standard Life Insurance holds the maximum
permissible 26% in the life insurance venture with mortgage
giant HDFC.
• If government relaxes foreign investment limits to 49% as
expected Standard Life will subscribe to its full entitlement.

6. FDI to decide HDFC life listing
• HDFC standard life insurance has put off its listing plans until
the government relaxed foreign investment norms. UK life
insurer Standard Life Insurance holds the maximum
permissible 26% in the life insurance venture with mortgage
giant HDFC.
• If government relaxes foreign investment limits to 49% as
expected Standard Life will subscribe to its full entitlement.