1. WEEKLY NEWS 27 Sep - 02 Oct Submitted by : Sambhavjain

2. LIC to approach IRDA for floating infra bond LIC, plane to approach sector regulator IRDA in the next 8-10 days to get the approval for floating infrastructure bonds. Raising infrastructure bonds up to Rs.5000croe Under infrastructure bonds , an individual; can invest Rs. 20000 and claim tax benefit apart from permitted under section 80(c)

3. Nokia failed to keep pace with Rs. 30,000 mobile market in india, has seen market crash close to 20% in the first six moths of 2010. Finnish company accounted for only 36.3% handsets sales in india due to growing competetion from new mobile makers, micromax, spice, lava etc. NOKIA loses 20% market in six months

4. Tatas have decided to replace the Corus name with Tata brand and logo. Corus joined Tata Steel family on April,2007 after the Jamshedpur based steelmaker paid $12 billion. Corus logo to make way for Tata steel brand

5. SAAB owner and luxury car maker Spyker is in talks with German peer BMW about parts and technology in a move to treble its sales volumes. Loss making Saab which was bought earlier this year by Dutch listed Spyker from US based General Motors. SAAB owner in talks with BMW for parts & technology

6. US IT giant IBM will provide BhartiAirtel with an IT infrastructure that can support 500 million customers across the globe. Earlier this month BhartiAirtel took the initial steps to replicate its hugely successful outsourcing model in Africa by awarding a $1.5 billion contract to IBM for managing its IT requirement across 16 countries. IBM to boost Airtel IT infra to service 500 billion customers

7. Wal Mart stores the world’s largest retailer plans to buy Massmart holdings for $4.6 billion entering Africa in its biggest deal in more than a decade. Massmart shares rose as much as 16.68 rand to 151.43 rand and traded at 149.5 rand giving the company a market value of about 30 billion rand. WAL-MART eyes Africa with $4.6 billion deal

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