This weekly business news summary from October 4-10 discusses: 1) Cadila Healthcare was named Emerging Company of the Year and Narendra Murkumbi Entrepreneur of the Year. Zia Modi received Businesswoman of the Year. 2) The BSE Sensex crossed 21,000 points but then dropped 250 points on October 7, closing at 20,250 on Friday. The Nifty 50 crossed 6,143.4 points but fell to 6,030 on October 7 before closing at 6,102. 3) Eros International listed on the BSE at a 22% premium and the NSE at a 17.4% premium after raising 350 crore through its IPO

1. Have A Look On The NEWS Of This Week From 4 Oct To 10 Oct Posted byDeepikaBansal

3. Contd. . . . . Entrepreneur of the year Narendra Murkumbi Businesswomen of the year Zia Modi R C Bhargava Lifetime Achievement

4. Contd. . . . . Global Indian NitinNohria Kapilsibal Business Reformer Corporate citizen Bharti Foundation Aruna Roy & ArvindKejrival Policy change agent

5. Eros premiers on BSE at 22% premium Eros international media listed n BSE Shares opened u at 22% premium n BSE Shares opened u at 17. 4% premium n NSE Raised 350 crore through IPO

6. IMF pegs India growth at 9.7% IMF has projected the Indian economy will grow by 9.7% in 2010 Very high than the growth rate f developed economies Indicators behind this statement are: High industrialproduction Increase in domestic demand Favorable external financing

7. Finminoppeses plans to put curbs n FDI in Pharma Finance ministry is not ready to impose curbs on FDI in Pharma sector Because it can ruin the image of India as an investment destination FDI should be reduced to 74% Move was promoted by some recent big ticket takeover by Indian Pharmacompanies

8. Contract labour law: convincing workers, employers key Proposal of Amendments in labour law by labour ministry for the benefit of contract labour Same benefits should be extended to contract labour such as equal wages, PF, ESI, holidays etc. But employers opposed it by saying that giving privilegs to contract labour can act as disincentive to the industry to employ

9. Dabon international scouts for partners & buys in India Dabon international: Joint venture between Bongrain of France & Dabur India Looking for local partners to boost the business in Indian market Acc. To them, India has a lot of potential in Dairy segment but not easy to sat up manufacturing unit. Looking for the company which require assured supply of milk

10. Great fluctuations in SENSEX & NIFTY this week SENSEX SENSEX crossed the level of 21000 on 4 oct. but dropped 250 points on 7 oct. Change remain same on next day but some recovery could be realized at the time of closing Closed on 20250 on Friday NIFTY NIFTY crossed the level of 6143.4 on 4 oct. but dropped to 6030 on 7 oct. Closed on 6102 on 7 oct..