2. The International Monetary Fund has come out to
state that the economy will grow by 9.7 percent in
2010 and 8.4 percent in 2011.
The economy is on the fulcrum of an increasing
growth curve.
A leading consultancy house, the economy of India
will grow fivefold in the next 20 years.
India is probably one of the first countries to
recover from the recession
3. Coal India Ltd's Rs 15,000 crore mega issue has
garnered a bullish endorsement from most of the
market experts who believe it would be the star
attraction.
The main attraction for retail investors would be
the primary market with the mega IPO of Coal
India.
CIL's initial public offering, priced in the range of
Rs 225 to Rs 245 per share, is the biggest issue in
the Corporate India's history so far.
4. Obama administration is eyeing the multi-billion
dollar tender for multi-role combat aircraft of IAF.
US President Barack Obama is struggling to create
fresh jobs; such a deal bagged by an American
company could give him a big political boost.
Two major fighter jet manufacturing company -
Boeing and Lockheed Martin - are vying for the
$10 bn Indian tender.
It could bring 27,000 jobs to the US.
5. RBNL is betting big on its intellectual properties
(IPs).
An increased focus has been given to its IP vertical
beginning last quarter which could drive growth in
this business 50-75 per cent YoY.
A very huge potential in the IP vertical.
It is understood that the IP vertical's revenue could
be anywhere in the range of Rs 5 to 7 crore.
6. Indians might soon get a chance to buy gold from
ATMs, as Germany's Ex Oriente Lux AG
Indian entities for setting up gold dispensing
automated machines in India.
Ex Oriente Lux AG, which also operates an online
shop for the yellow metal.
Currently, such ATMs are there in four countries,
the UAE (Abu Dhabi), Germany , Italy and Spain.