2. India, the second biggest net importer of goods and
services in 2009, just behind US.
India imported $69 billion of goods and services in
2009.
US was a net importer of net $699 billion.
India injected demand into the global markets by
creating a demand for products, helping in creating
jobs and sustaining other economies.
3. Govt has approved splitting each share of ONGC into two.
The govt plans to sell its 5% stake through its FPO.
The company’s share soared to a 52-week high of Rs 1,472
on Sept 28 on BSE.
Chairman and Managing Director of ONGC – RS Sharma
ONGC would be ready for the FPO by the last quarter of
this financial year.
4. From 20 January, it will be available across the country.
Inaugurated from Haryana, mobile users will be able to
switch between 9 operators – Airtel, Idea, BSNL. Aircel,
Loop, Vodafone, Etisalat, Sistema and Videocon.
The customer has to pay a maximum of Rs 19 to migrate to
a new mobile phone company, the lowest in the world.
After switching, the consumer has to stay with a particular
operator for minimum of 3 months before they can change
again.
Available for both pre-paid and post-paid consumers.
5. The company had, earlier this year, acquired an Egyptian
personal-care manufacturer for around Rs 25 crore.
The deal size could range anywhere between Rs 500-1000
crore.
Emami has already announced that it has got its Board
approval to raise long-term resources up to Rs 2000 crore
through issue of securities.
The limit of borrowings has been increased to Rs 3000
crore from the earlier Rs 1500 crore
