1. By: Nitin Kochhar
MBA 2C

2. OVL may buy Exxon stake in
Angolan block for $2 b
 India’s largest explorer, Oil & Natural Gas Corp (ONGC), is in
talks with global energy giant ExxonMobil’s Angolan arm, Esso
Exploration, to buy its 25% stake in a discovered oil field for
about $2 billion.
 ONGC Videsh, or OVL is the foreign arm of state-run ONGC.
 The block will produce 300,000 barrels of crude oil per day by
2012 at its peak.
 OVL is expected to face tough competition from Chinese oil
companies

3. Old is Gold: Ponds to take on
Olay
 India’s largest consumer products company, HUL, is set to
counter P&G’s anti-ageing cream, Olay.
 HUL is launching more than half-a-dozen premium
products from the Ponds Gold Radiance portfolio.
 Anti-ageing segment accounts for 10% of the total skin
care market.
 In Sept, Ponds had a 16.5% share, Garnier 18.9% share.

4. Contd…
 Olay with 36.7% share tops the anti-ageing segent.
 Ponds Gold Radiance, priced between Rs. 500-Rs.1,000 will be
most expensive brand in HUL’s skin care portfolio, a business
that is the most profitable segment for the company.
 Skin care segment is worth of Rs. 3500 crore.
 HUL is the market leader controlling over half the market with
popular mass brands such as Fair & Lovely and Vaseline.

5. Maruti Suzuki sales cross 1 lakh
mark
 Boost in sales in October.
 Easy finance and festive season drove up demand.
 Crossed 1 lakh mark for the first time in its 27–years history driven
mainly by the strong demand for its fuel-efficient compact cars such as
Alto and Wagon R.
 M&M posted a strong growth of 34% in its domestic sales.
 Tata motors’ sales increase by 22%.
 The country’s largest automaker’s small car Nano is struggling to draw
customers.

6. SBI finally begins to realise
growth’s on cards
 Targeting upper-middle class with a Platinum card that
offers a wide range of benefits and has a low entry barrier.
 SBI cards, a 60:40 JV between SBI and GE Capital.
 The cards company has reported a loss of Rs. 321 crore fpr
2008-09.
 The whole industry had seen a 33% drop in the number of
cards from 27-28 million to 18 million.

7. Contd…
 Plans to issue 40,000 cards every month.
 In the past, cards were sold by the marketing agents at
petrol pumps but now they are being sold largely to
customer at bank branches.

8. Google races to No 2 spot in
smartphone mart
 Google’s Android software platform rose to No 2 spot globally.
 Nokia’s Symbian continued to lead the market with 37% share.
 Android has 17% share.
 Surpassed Research in Motion (RIM), Apple and Microsoft this
year.
 Android phones are made by companies including Motorola,
HTC Corp. and Samsung Electronics

9. RBI doubles online money transfer
limit via RTGS to Rs 2 lakh
 Present limit is Rs 1 lakh.
 New limit will come into effect from Nov 15 onwards.
 The RTGS system facilitates high-value transfers of money from
one bank to another on a real-time and gross basis.
 On an average, the central bank handles around 60,000 RTGS
and around 50,00,000 cheque clearing transactions per day.
 For electronic transactions valued between Rs 1-2 lakh, the RBI
has created a new value band in its 'near real-time' National
Electronic Fund Transfer (NEFT) system to cater to retail bank
customers.

10. Contd…
 Fund transfers up to Rs 1 lakh through the NEFT mode, will
continue to attract a service charge of Rs 5.
 For fund transfers valued between above Rs 1 lakh and Rs 2
lakh, the RBI has revised the customer charges downward to Rs
15 from Rs 25 earlier.
 The fee for fund transfers worth more than Rs 2 lakh remains
unchanged at Rs 25.
 The NEFT has been a highly successful service ever since it was
launched in late 2005. More than 60 lakh transactions are
estimated to take place every month through this route.

11. THANK YOU