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Update: 28.6.09
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June
26,
Comments

2009

June
19,
2009:Gov t
looking at p rop os al to
d iv e s t 10% in BH E L
June 19, 2009 :TCS op e ns
ne w ce nte r in M e xico
June 20, 2009 :I nd iaBritain
trad e
cou ld
re ach $40 bn by 2015
21 Jun 2009: A p p are l
e xp orts f e ll by 10 p e r
ce nt in A p ril
June
21,
2009: P SE B
ranke d th ird am ong 33
p ow e r u tilitie s
June 24 , 2009 : GA I L to
inv e s t R s 7,600- crore
f or 2 p ip e line p roje cts
f or karnataka
June 25, 2009 : A m u l
ranke d am ongs t top 21
d airy bu s ine s s e s of th e
w orld
June 26, 2009 : Cane
s u p p ort p rice rais e d to
R s 107.76 a qu intal
June 27, 2009 : I nd ra
N ooy i,
Sh antanu
N aray e n nam e d am ong
A m e ricas 25 Top Gu n
CE O s
June 28, 2009 : LI C w ill
inv e s t R s . 50000 crore
in e qu itie s in Fy 10
June 19: G ovt look ing at
propos al to dives t 10% in
BHEL
Minister for Heavy Industries
and Public Enterprises, Mr
Vilasrao Deshmukh has said
that the Government is
considering the proposal to
divest 10 per cent stake in
Bharat Heavy Electricals Ltd.
The Government at present
holds a 67.72 per cent equity
stake in the state owned
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enterprise. The stake sale could

bring into the companys kitty
about Rs 9,600 crore based on
the companys current market
price. He also said that the
Government
was
also
considering stake sale in other
public enterprises such as the
loss-making Tide Water Oil
(India) Ltd, Tyre Corp. of India,
Andrew Yule & Co Ltd.

June 19, 2009 TCS

opens new center in
Mexico
Tata
Consultancy
Services, Indias largest
outsourcing rm, has
opened a new center in
Queretaro, Mexico. TCS
would hire 500 people
to work at the new
center, its third in
Mexico since entering
the country in 2003.
The company has seven
centers across Latin America, in
Brazil, Argentina, Uruguay, and
Chile, as well as Mexico, and
employs information technology
consultants in 42 countries
around the world.

June 20, 2009 : CII

India
Business
Forum-UK
As per a report by the
Confederation of Indian Industry
(CII) Bilateral trade between
India and Britain, which crossed
$12 billion during last scal year
, has the potential to touch $40
bn by 2015. CI I pres ident
Venu S rinivas an was leading
the CII India Business ForumUK to britain June 21-23. The
16-member
delegation
focussed on taking India-Britain
ties into a strategic direction,
uncovering new avenues of
collaboration, and addressing
issues of global concern such
as regulation of the nancial
system, climate change and
security.

21 Jun 2009: Apparel

exports fell by 10 per
cent in April
Garment exports from
the country dropped to
USD 800 million in
April this scal from
USD 886 million in the
same month of 2007-08
as per the data of
Apparel
Export
Promotion Council.

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June 21, 2009: PSEB

ranked third among
33 power utilities
Punjab State Electricity
Board (PSEB) has been
ranked third among 33
power utilities in 14
States, according to the
Quarterly Performance
Report of the State
Power Utilities (SPUs)
framed by the Power
Finance Corporation for
the quarter ended
December 2008.
Union Bank of India
cuts BPLR by 25 bps
to 11.75%
Union Bank of India has
decided to cut its
benchmark
prime
lending rate (BPLR) by
25 basis points to 11.75
per cent, with effect
from July 1. This is the
fth
successive
reduction
since
November 2008. Till
now, the Bank has
reduced a total of 225
bps in BPLR.
June 24 , 2009 : GAIL
approved a Rs 7,600crore investment for
two pipeline projects
for karnataka
The board of the public
sector GAIL (India) Ltd
has approved a Rs
7,600-crore investment
for two pipeline projects
linking Karnataka to
the National Gas Grid.
The projects include
linking both Kochi and
Dabhol to Bangalore.
GAIL has a pipeline
infrastructure of 7,000
km in the country.
June 25, 2009 : Amul
ranked amongst top
21 dairy businesses
of the world
Amul has been ranked
amongst the top 21
largest dairy businesses
in the world as per the
ndings published by
International
Farm
Comparison Network
(IFCN) at the 10th IFCN
Dairy Conference 2009
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at Stockholm. Amul is
on Rank 21 World based
on the milk intake
during the year 2007.
However due to growth
in last two years Amul
rank could have been 16
in the current year .
About IFCN: The
IFCN is a network of
dairy
researchers
responsible
for
analysing global dairy
trends and creating
knowledge to guide the
various stakeholders in
the
dairy
sector
covering about 80
countries, over 60 dairy
related companies, a
number of dairy related
institutions and dairy
farmers. It publishes
IFCN Dairy Report
every year.
About Indias Milk
Production:
India with its milk
production touching
114.4 Million MTs
during the year (under
review) is the largest
milk producer in the
World.
The second and third
ranks are of USA and
Germany with 79.3
Million MTs and 39.4
Million
MTs
respectively
This is because of the
White
Revolution
pioneered by Amul.
About
White
Revolution
&
Operation Flood:
Operation Flood was a
rural
development
programme started by
Indias National Dairy
Development
Board
(NDDB) in 1970. Amul
was the engine behind
the success of Operation
Flood and in turn
became
a
mega
company based on the
cooperative approach.
Verghese Kurien who
was chairman of NDDB
at that time gave the
professional
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management skills and

necessary thrust to the
cooperative, and is
considered the architect
of
Indias White
Revolution (Operation
Flood). His work has
been recognised by the
award of a Padma
Bhushan, the Ramon
Magsaysay Award for
Community Leadership,
the Carnegie-Wateler
World Peace Prize, and
the World Food Prize.
One of the largest of its
kind, the programme
objective was to create a
nationwide milk grid.
June 26, 2009 Cane
support price raised
to Rs 107.76 a
quintal
The govt. has approved
an almost one-third
increase
in
the
statutory
minimum
price
(SMP)
of
sugarcane from Rs 81.18
to Rs 107.76 a quintal
to be payable by mills in
the forthcoming 200910 crushing season
(October-September).
read about minimum support
prices
June 27, 2009 I ndra Nooyi,
S hantanu Narayen named
among Americ as 25 Top
G un CEOs
Indra Nooyi of PepsiCo and
Shantanu Narayen of Adobe
Systems, have been named
among Americas 25 Top Gun
CEOs who put their companies
on the path to success in the
midst of a recession.Nooyi
ranked no. 17 and Narayen
ranked no. 16 in the list picked
up by advisory agency Brendan
Wood International.

June 28, 2009 : LIC

will invest Rs. 50000
crore in equities in
Fy10
LIC has announced that
it would invest about
50,000 crore rupees in
the equity market
during this nancial
year 2010. LIC had
invested 40800 crore
last year.
Thomas Mathew who is MD of
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Life Insurance Corporation of

India made this announcement.

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Comments
Anonymous Log in to
June 28, 2009 Reply
Good questions yaar
properly related to Bank
PO exams all r related
to investments and
personalities..thanxx..plzz
do post n keep us
updated.

Anonymous Log in to
October 8, 2009 Reply
Thanks a lot for such
useful information

SHRADDHA THAKUR

Log

January 21, 2010 in to

Reply
Sir this is the gold mine
of Knowledge
Thanks a million!
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