2.  Chinese President Hu Jintao has been named the
most powerful person in the world.
 Ahead of US President Barack Obama who is ranked
second.
 Sonia Gandhi ranks 9th on the Forbes 2010 list of the
'World's Most Powerful People.' Manmohan Singh
comes in at number 18.
 India's business tycoons Reliance Industries Chairman
Mukesh Ambani, Tata Sons Chairman Ratan Tata and
head of ArcelorMittal, Lakshmi Mittal also make the
list.

3.  India is among the 40 most- improved
economies since 2005.
 India has made significant changes in
improving business regulations at a steady
pace.
 According to the International Finance
Corporation, a wing of the World Bank.
 Reforms focused on technology--implementing
electronic business registration, electronic filing
for taxes, an electronic collateral registry, and
online submission of customs forms and
payments.

4.  Iron ore miner Vale signed a preliminary deal to jointly
build an intergrated steel mill in Brazil.
 The deal is with South Korean steelmakers POSCO
and Dongkuk Steel.
 The plant, which is expected to be
 50 percent owned by Vale,
 30 percent by Dongkuk
 20 percent by POSCO
› seeks to produce 3 million tonnes of steel a year after its
construction would be completed in 2014.
 The factory, to be located in Brazil's Ceara state will
eventually have a capacity of 6 million tonnes a year

5.  Food inflation rose 12.85 percent,
 While the fuel price index climbed 10.67 percent in the year
to Oct. 23, government data showed.
 In the prior week, annual food and fuel inflation stood at
13.75 percent and 11.25 percent respectively.
 The primary articles index was up 15.43 percent in the latest
week compared with an annual rise of 16.62 percent a week
earlier.
 The wholesale price index , the most widely-used gauge of
prices in India , rose 8.62 percent in September compared
with an annual rise of 8.5 percent in August.

6.  Coal India shares surged as much as 39 percent in
their $3.43 billion IPO debut.
 Investors snapped up a stock that is a proxy for
surging growth and energy demand in Asia's third-
largest economy.
 India's dominant coal miner spurred demand from
investors who applied for more than 15 times the
number of shares on offer in the country's largest-ever
IPO.
 The stock rose as high as 340 rupees for a gain of 38.8
percent and accounted for more than half the
volume traded on India's two main bourses.