NEWS REVIEW

23 FEB- 28 FEB

BY: AJEY
ANAND
ABHINAV

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 National News
• Slumdog makes India proud with 8 Oscars
• Cong grabs Oscars for ‘achieving India’
• Obama keen to watch Slumdog
• Centre’s aam aadmi bill highly inflated, says CAG
• Govt sitting on Rs 78k cr aid
• GDP grows at 6-yr low of 5.3%
• SC judges ready to declare assets
• Re falls another 66p, now over 51 to the dollar
• Economic upturn in two mths: Management guru

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• Centre may prune ex-mins’ security
• FBI yet to quiz 26/11 suspects
• Taj, Trident win tourism awards
• Kasab suicide unlikely as LeT doesn’t
approve of it
• Terrorists’ calls should have been jammed
• 26/11 terrorists took the sea route: Maria
• ‘Property worth Rs 42 crore destroyed in
26/11 carnage
• No proof Kasab took sea route: Pak
• 26/11 calls were made to Pak colonel

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• Probe ordered into army ‘killings’
• SC devalues open univ degrees
• Politicos too can retire: Somnath Chatterji
• Muthalik to sue pink chaddi campaigners
• Diesel may turn cheaper
• Govt to get back Gandhi’s items
• Govt takes Rs 29,000-crore hit
• 20K returned after job loss abroad: Govt
• Idea Filmfare Award: Jodha Akbar bags 5, Rock
On bags 6.

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 International News
• Obama aims to halve budget deficit by
2013
• More US troops can’t fight Taliban
• UK will make it tougher to get work visas
• My words should have been better
chosen: Miliband
• US troops secretly training Pak army
• US lines up billions for Islamabad

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• Lanka prez pledges to protect civilians
• Recession creates 50k police jobs as
crime soars in US
• Obama to end Iraq operations in Aug
2010
• Bangla mutiny ends after tanks roll in
• Pak to dissolve NSC, says Gilani
• SC bars Sharif bros from polls, Pakistan
on the edge
• Pak troops on alert after PML workers
protest Sharif ban

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• 9 dead as plane misses runway
• US, China going to rise or fall
together: Hillary Clinton
    “It would not be in China’s
interest if we were unable to
get our economy moving again”.
• 73 killed in China coal mine blast

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 Sports News
• Flintoff may be pulled out of IPL 
• Others can host 2011 WC 
• I-League: East Bengal beats Mohun Bagan
3-0
• Bolt improves 400m performance
• Willingdon regain golf title after 12 years
• Narain ends up with three points
• Jhanu wins gold 
• City hold Liverpool 1-1
• Akhil says moving to featherweight is a
challenge
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• ICL affected Pak most: Cork
• Umpire Bucknor to retire in March 
• ICC fails to break BCCI-ICL dispute
• IPL opening ceremony at Jaipur
• Fresh minds sans baggage will help
us: Anjum
• Flintoff sure of IPL fitness 
• Pakistan is safe: Cork 
• World No. 1 Lee Chong Wei to play in
HYD Grand Prix Badminton Open
• Reebok joins Force India 
• Triple ton puts Yunis Khan on top
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• Pankaj Advani beats former Asian
champion Yasin Merchant 7-2 to win
CCI Platinum Jubilee Snooker
tournament
• Singles is Sania’s focus 
• V Anand holds Grischuk in the Linares
chess tournament
• Mahesh Bhupathi and Mark Knowles of
the Bahamas lose in straight sets to R.
de Voest and Dmitry Tursunov in the
men’s doubles quarter finals of the
Dubai Championships.
• Team India loses both T-20 matches
against New Zealand. 13
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 Business News
SBI offers car loans at 10%
Auto credit by most commercial banks is in 11.5-
13% range
Also SBI offers lowest home loan rates at 8%.
• Satyam Board for removal of PW
Price Waterhouse have worked as statutory auditors of
the company for last 8 years.
• DECKS CLEARED FOR SATYAM BUYER
Board allows strategic investor option of acquiring 51%
stake in company and to have management control.

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• Satyam bidder needs to infuse a minimum
Rs 1,000 to Rs 1,500 crore into the company.

• Subhiksha’s merger attempt with little

known Blue Green Investments backfires
Owes 9.32 Crores to HCL,4.61 Crores to HUL and
10 Crores to Tata Teleservices.
• WORRIES GALORE AT SUBHIKSHA
Promoter R Subramanian and second largest
shareholder ICICI Venture engaged in war of
words over who controlled Subhiksha.

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• INFLATION DROPS TO 3.92%
Fell to a 13-month low of 3.92% from a 16-
year peak of 12.91% in August 2008
• India’s IT spend may grow at lower rate
Growth in IT software and services will
come down by nearly 10 percentage points
to 4.9% and 0.9%, respectively.
• McDonald's CEO says no share loss to
Starbucks
McDonald's Corp is not losing breakfast
business to Starbucks Corp McDonald's Chief
Executive Jim Skinner said.

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•  HDFC hikes prepayment charges to 3%
Move to discourage existing borrowers from
switching lenders
• More global investors pulling out of India.
Pull out money from Indian stocks for fifth straight
week
• India slips 3 ranks in Unido index
Down to # 54 in competitive industrial performance
• No tax benefits for US cos outsourcing jobs
Move will hurt India’s huge offshoring business

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• Excise duty,service tax rate cut by 2%
Colour television, washing machines,
refrigerators, soaps, detergents, colas, hybrid cars,
commercial vehicles and 90% of the manufactured
items that attract excise duty of 10% at present
are expected to become cheaper.
• Impact- Housing cost to come down, Auto prices
cut by 3% in Dec, Steel price reduction by 4.5% ,
consumer durable leading cos cut price 1.5-2.5%,
IT product select cos cut computer price by 1.4%
Cement prices to fall .

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• GDP grows at 6-yr low of 5.3%
• Mukesh plans RIL-RPL merger
• Re falls another 66p, now over 51 to
the dollar
• Nano launch on Mar 23, bookings open
in April
• B-school placements melt down
Only 13 IIM-A students land offers on day
one
• Wipro not to hire freshers
Till demand picks up

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CURRENT ISSUE:
GENERAL

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INDIA SHINING AT OSCARS?
COULD SLUMDOG WAS OSCARS JUST A
MILLIONAIRE HAVE EVEN WAY OF WEST LAUGHING
MADE IT TO OSCARS HAD OUT LOUD ON INDIAN
IT BEEN DIRECTED BY AN ECONOMY AND
INDIAN? CULTURE?

IS THIS MOVIE A REAL CAN A TRUELY INDIAN

REFLECTION OF TRUE MOVIE EVER REPEAT THIS
INDIA? GLORY?

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CURRENT ISSUE:
BUSINESS

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WHAT CAN BE THE EFFECTS OF
NANO SINGUR AND SATYAM
CASES ON INDIA’S GLOBAL
BUSINESS ENVIRONMENT?

WOULD GLOBAL
CAN GLOBAL COMPANIES DARE
MARKET RELY TO ESTABLISH
ANYMORE ON INDIA MANUFACTURING
FOR THEIR PLANTS IN INDIA
INVESTMENTS? AFTER SINGUR
CASE?

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THANK YOU

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