1. WEEKLY NEWS Presented by: JagmohanParmar

2. After China’s Huawei clinched a plum 3G network equipment contract from Tata Teleservices, it was rival ZTE Corp’s turn to land a 300-crore contract on Friday to supply WiMax systems to state-owned Bharat Sanchar Nigam Ltd (BSNL) for its broadband rollout. The Union home ministry had issued umpteen warnings that foreign telecom equipment vendors , especially the Chinese, had the capability of installing spyware and malware to monitor voice and data traffic and disable networks.

3. Earlier, both Huawei and ZTE had complained that numerous contracts allotted to them by phone firms had not been approved since February 18 even though the Centre all along maintained that there was no official blanket ban on import of telecom gear from China. Incidentally, both BSNL and stateowned MTNL were allocated broadband wireless access (BWA) airwaves before private players won them in the June 2010 auctions. The defence ministry had pointed out to the telecom department that BSNL’s proposed Wimaxbased broadband services could be a potent security threat as they could interfere with the mobile satellite services (MSS) being used by the armed forces.

4. Leading fashion retail chain Max of Dubai-based Landmark Group aims to establish 60 stores by 2010-11 in the country. Max on Saturday launched its first store at Bhopal and the third in Madhya Pradesh. "We aim to take our offering to customers across the nation including all metros and key Tier II and Tier III cities. At present we have 33 stores across India and plan to take it to 60 by 2010-11," Max Executive Director, Vasanth Kumar told reporters on the occasion.

5. Burger King Holdings Inc, the No. 2 US fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal. At $24 per share, the deal represents a 46 percent premium to Burger King's price. Before details of the deal became public on Wednesday, shares in Burger King were down more than 31 percent since the end of 2008. McDonald's shares were up nearly 18 percent. On Thursday, shares of Burger King were up more than 24 percent at $23.44 in morning trading and had gained nearly 15 percent on Wednesday.

6. The country’s largest carmaker Maruti Suzuki India, largest automaker Tata Motors and Volkswagen’s Skoda Auto India plan to enter the crossover market, the fastest growing segment in the passenger vehicle market. Tata Motors will roll out its Tata Aria, developed from the Xover concept, in the last quarter of 2010, while Maruti’s first crossover based on its R3 concept and Skoda Roomster will hit the Indian road next year.

7. Crossovers, or multi-utility vehicles, are positioned between larger sports utility vehicles and smaller hatchbacks, mixing the silky comforts of a car with the rough and tough built of an off roader. The segment, dominated by Innova and Mahidra & Mahindra’s Xylo, grew 41% to 1.5 lakh vehicles, or close to 10% of the country’s passenger vehicle market, last financial year. Also, crossovers are priced lower, Rs 6-11 lakh, than SUVs coming at Rs 8-25 lakh and more.

8. Till recently, PET scrap was considered worthless even by rag pickers. MrChauhan stepped in and built a partnership with rag pickers, announced attractive prices for PET garbage, commissioned collection centres, purchased about 5000 kg every month, processed it and sold it to companies like Reliance Industries. His intervention birthed an entire PET recycling ecosystem that now collects about 1,200 tonnes of PET waste from Mumbai’s streets every day, according to industry estimates. Another 700 tonnes are collected from the rest of Maharashtra.

9. Deutsche Bank is moving a portion of its back office processes from Infosys BPO to its captive centre in the city. Some 150 people are working on this process. Infosys has another 500-plus BPO executives working for various other processes of Deutsche Bank who will remain with Infosys. Following the bank's decision, Infosys sent an official communique to the 150 employees giving them the option to leave the company to be with Deutsche Network Services for much higher salaries.