1. India on the verge of double digit
growth: KV Kamath
• Huge level of optimism around business in
many sectors
• Growth well over 10% at this point of time
• This sort of growth will need a huge
amount of human resource in business
and that to run this economy at this pace

2. B M Munjal family retains rights
to Hero Group
• The family led by B M Munjal and his sons,
owners of the Indian promoter's stake in Hero
Honda, will be officially known as the Hero
Group, following the division of the $4.2 billion
group
• After the settlement, Hero Honda, Hero
Corporate Services , Rockman Cycles Industries
, Hero Mindmine Institute, Easy Bill and Hero
Management Service have gone to family of B M
Munjal

3. Air India further advances bonus
payment
• Air India announced further advancement of the
date of payment of allowances to its 29,000
employees
• It had earlier notified the deferment of payment
of flying allowances and productivity-linked
incentives (PLI) by a fortnight
• The salaries and other productivity-link
incentives' flying allowances of the NACIL
employees will now be paid on Nov 1

4. Sterlite to invest over Rs 3k cr
more on Punjab power project
• Vedanta Group firm Sterlite Energy has revised
the outlay for its proposed power project in
Punjab upwards by over Rs 3,000 crore, taking
the total investment commitment to around Rs
13,000 crore
• The diversified metal group will now invest over
Rs 13,000 crore on the Talwandi Sabo project in
the state, making the new 2,640- MW project the
single largest investment by Vedanta in the
domestic power sector

5. Coal India IPO likely at Rs 245
per share
• The Indian government is likely to price state run
Coal India's initial public offering at 245 rupees
per share, at the top end of the price range
• Coal India's IPO, was subscribed more than 15
times by close on Thursday, with most bids at
the top end of the 225 to 245 rupees price range
• India will raise roughly $3.5 billion for the sale of
a 10 percent stake in Coal India, the world's
largest coal miner

6. Coal India IPO likely at Rs 245
per share
• The Indian government is likely to price state run
Coal India's initial public offering at 245 rupees
per share, at the top end of the price range
• Coal India's IPO, was subscribed more than 15
times by close on Thursday, with most bids at
the top end of the 225 to 245 rupees price range
• India will raise roughly $3.5 billion for the sale of
a 10 percent stake in Coal India, the world's
largest coal miner