1. Deepinder Kaur Grewal
MBA 2C
ET NEWS
(15TH Nov to 21ST Nov)

2. #1. Commercial property sees
resurgence in demand
 Commercial realty is now gaining in demand, the
recession is a thing of the past, companies are hiring
and expanding.
 It was in the doldrums all over the country for a while,
but now the scenario is very different, the outlook is
optimistic, and in Pune there is definite reason to cheer.
 The SEZ and STPI stock is huge, but since prices are
reasonable, corporates are leasing space for both back
office and front office demand.

3. #2. GM India to invest $300 mn in two
years.
 Passenger car-maker GM India has drawn up plans to
invest $300 mn in the next two years.
 GM is investing $300 mn in the next two years for
launching six new products.
 The new products would comprise a compact car, a
sedan, multi-utility vehicles, van and pick-ups.
 The company had tied up with a consortium of banks
for funding the required investment.

4. #3. ICICI Bank expects 18 per cent
credit growth in 2010-11
 Country's largest private lender ICICI Bank has said that
its credit will grow at a hefty 18 per cent this fiscal,
contrary to a meagre 1.8 per cent expansion in the first
half, largely on account of buoyant corporate and retail
businesses.
 It may be recalled that ICICI Bank had posted a 19 per
cent growth in net profit to Rs 1,236.27 crore during the
second quarter. In the same period a year ago, it had
witnessed a flat growth at Rs 1,040.13 crore.

5. #4. SKNL to reposition its apparel
brands, starts ad agency pitch
 Apparel and textile firm S Kumars Nationwide Ltd
(SKNL) is undertaking a re-positioning exercise for its
apparel brands, including Reid & Taylor and Belmonte.
 This is in keeping in tune with the growth witnessed by
the labels in the Indian market.
 As a part of the exercise, the firm has invited pitches
from up to five advertising agencies for each of the
brands to carry out campaigns.
 The company is likely to finalise contracts by the end of
this calendar.

6. #5. Fiat may not meet sales target set
for 2010
 Having sold only 24,000 units till October in a highly
competitive environment, Fiat India has that the
company may not meet the sales target of 46,000 units
set for 2010.
 The company had targeted doubling its sales in 2010 to
46,000 units from 23,000 units sold in 2009.

7. #6. Tata Power to invest around Rs
5,000 cr in wind energy by 2017
 Ratan Tata-led Tata Power aims to have at least a 25
per cent of its power generation or around 8,000 MW
from clean sources by 2017 and will invest around Rs
5,000 crore in wind-energy alone, a top company official
said.
 The company, which presently has a little over 200 MW
of wind capacity, plans to give a strong thrust to wind-
energy as it is the most commercially viable and
established form of renewable energy.
 The company is presently in the process of rolling-out
150 MW and an additional 750-800 MW will be added at
the rate of around 100-150 MW annually through to

8. #7. Coming winter to be best season
in three years for hotels
 The Indian hotel industry is on a rebound with top
bracket hotels in major cities and leisure destinations
reporting a surge in demand, and in certain cases, a
rise in hotel rates, for the ongoing winter season, driven
by corporate bookings and a surge in international
visitors.
 Hoteliers say the bookings for the winter season
bettered their expectations to make it their best
October-February season in three years and that the
industry is on an upward cycle that will peak in 2012.

9. Contdd……….
 Room rates and occupancy levels are yet to match
2007-08 figures, but there are clear signs of a pick-up in
business and tourist activity in the country after a
slowdown following the Mumbai terrorist attack in
November 2008.
 Domestic airlines too have reported a jump in demand
and have hiked airfares.

10. #8. Dr Reddy's gets FDA nod to
launch anti-asthma tablets in US
 Drug firm Dr Reddy's Laboratories said it has received
approval from US health regulator to launch generic
Zafirlukast tablets, used for treating asthma, in the
American market.
 The approval by the US Food and Drug Administration
(USFDA) for its abbreviated new drug application
(ANDA) for Zafirlukast tablets follows a favourable court
judgment in the patent infringement case filed against it
by patent holder Astra Zeneca.

11. #9. Foreign funds turn net sellers for
first time in 25 weeks
 Foreign funds sold stocks worth $88 million this week, a
first in about 25 weeks, sending strong signals of
consolidation at Indian equities markets for the coming
sessions.
 While the flow of overseas money has swelled to record
levels, recent weeks have also seen stocks tumble,
soon after benchmark indices soared to their highest
levels.
 According to data available with the Securities and
Exchange Board of India (SEBI), foreign institutional