2. India will be world's fastest-growing economy 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. Analysts bullish on CIL issue; India's largest IPO opens Monday 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 India visit: Indian jet deal may create 27,000 jobs in US Obama administration is eyeing the multi-billion dollar tender for multi-role combat aircraft of IAF. US President BarackObama 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. Anil Ambani's Reliance Broadcast betting big on IP biz 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 5to 7crore.
6. Gold vending ATMs may become a reality in India 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.
