1. WEEKLY NEWS

2. Sensex extends losses for second
week in a row, down 571 points
 Markets continued to decline for the second
consecutive week.
 Due to heavy all round selling pressure from
Operators as well as Investors.
 Slow down in capital inflows too left an adverse
impact.
 US funds will close positions in emerging market
stocks ahead of the year-end to cash in on recent
gains.

3. PM files affidavit in SC, says
Swamy's letters duly considered
 Prime Minister Manmohan Singh filed an affidavit
in the SC in connection with the 2G Spectrum case.
 The affidavit has been filed through Director, PMO
, K Vidyawati on behalf of the Prime Minister.
 11-page affidavit all the letters written by
Subramanium Swamy have been given serious
consideration by the PMO.
 The need to deal effectively with the "threats of
corruption and crony capitalism” .

4. Contd…
 Prime Minister Manmohan Singh promised action
against anybody for any "wrong thing" done in the
2G spectrum allocation.
 There should be no doubt in anybody's mind that if
any wrong thing has been done by anybody, he or
she will be brought to book.

5. Why should I quit; did nothing
wrong: K'taka CM
 Karnataka CM B S Yeddyurappa ruled out his
resignation, maintaining that he has not committed
anything Wrong.
 BJP's Core Committee last night discussed allegations
of land scams against him .
 he insisted that there is no question of change in
leadership in the remaining two-and-half-years of the
state government's term.
 Retired Supreme Court judge would conduct the probe
into denotification of land since 1994.
 Asked to submit his report within six months.

6. Contd…
 He is ready to quit politics if the Judicial inquiry
finds he has committed anything Wrong.
 CM said he would provide to BJP MPs all
information on allegations against him, as well as
those pertaining to the alleged "scams“ of
Devegowda and his son and former Chief Minister
H D Kumaraswamy.

7. Pamela Anderson helps Bigg Boss
pip KBC
 Pamela Anderson's 'dhak dhak' to help Bigg Boss
beat Big B's Kaun Banega Crorepati.
 The fourth edition of the Amitabh Bachchan-hosted
KBC , which has consistently topped the popularity
chart among television shows.
 It has been bested by Bigg Boss although by an
extremely narrow margin — thanks largely due to
the interest generated by Anderson's entry into the
show.

8. Sunil Mittal says long-term growth
priority in Africa
 Bharti acquired the African telecoms assets of
Kuwaiti group Zain in a $9 billion deal.
 “Biggest future Continent" for telecoms and
making it the world's fifth-biggest mobile
Operator.
 "Investors will tell you they want growth rather
than good profitability.
 Bring our business model, which is low cost, low
tariffs, wide networks into Africa, and particularly
Nigeria, but we are not here for a price war.

9. Contd…
 Biggest challenges in Nigeria included
infrastructure and electricity.
 Country is hit by frequent power outages and urged
the Nigerian government to reduce taxes to
promote further investment in the sector.

10. Thanks