The document summarizes various news articles from 25-31 October 2010. It discusses topics such as SEBI raising investment limits for retail investors in public issues to Rs. 2 lakh, China becoming Volvo's third largest market, the G20 agreement increasing emerging markets' quota in the IMF, China's plan to reduce its trade deficit and gas emissions, and Nissan recalling over 2.1 million cars due to an engine control issue. It also mentions the launch of an Indian software service called 'Bharat Berry' as an alternative to BlackBerry, the US and Russia joining the East Asia Summit, and GlaxoSmithKline agreeing to pay $750 million to settle allegations of manufacturing adulterated drugs.

1. Presented By:
Ishudeep Kaur
MBA-2 (Finance)
PUNJAB COLLEGE OF TECHNICAL
EDUCATION
1
Weekly NEWS
(25 Oct-31 Oct 2010)

2. SEBI raises limit for retail
investors to Rs 2 lakh for
public issues
Market regulator SEBI
today doubled the
investment limit for retail
investors in an initial share
sale offer to Rs 2 lakh.
The board approved
categorising all investors
putting in up to Rs 2 lakh to
buy shares through a public
offer as retail investors,
Sebi Chief C B Bhave told
reporters here.
This will cut the numerous
applications investors
sometimes make in the
name of relatives to get
more shares.

3. China becomes Volvo's third largest market:
Report
China has become the third largest market for Volvo,
which was recently acquired by Chinese car maker Geely,
state media reported on Saturday. Alexander
Klose, head of Volvo Cars China, made the comments at
a trade show in the northern city of Tianjin, according to
the official Xinhua news agency.
G20 seals IMF power shift; China, India to wield
more power
India will improve its rank by three notches to the 8th
position in IMF, as the group of 20 nations (G20) today
decided to increase the quota of emerging markets in the
multi-lateral lending agency by over 6%.

4. China to reduce trade deficit, gas emissions
China's leaders are promising to narrow its huge
trade surplus and curb surging emissions of climate-
changing greenhouse gases in an ambitious five-
year plan to make its economy cleaner and more
high-tech.
Nissan to recall 2 million cars due to faulty
engine system Japan's Nissan Motor said
Thursday it was recalling more than 2.1 million cars
globally due to a faulty engine control system.

5. Indian firm launches an alternative to BlackBerry services
An Indian firm today launched a software
service saying that it provides an alternative to
the controversial BlackBerry services that
have run into rough weather with the
government over interception of its data.
The new service, called 'Bharat Berry', was on
testing mode for the past few days and the
state Chief Minister Ashok Gehlot formally
launched it here today.
The Bharat Berry software can be purchased
online and downloaded from the website.
Bharat Berry works through a mix of its very
advanced email server known as XGeNPlus
and open source technologies.

6. US, Russia joins Asia club in a blow
to China: Analyst
The United States and Russia will be formally
welcomed into a 16-nation Asian bloc on
Saturday, in what analysts say is a blow to
Chinese attempts to diminish US influence in
the region.
US Secretary of State Hillary Clinton and
Russian Foreign Minister Sergei Lavrov will be
invited to join the East Asia Summit (EAS)
when the group holds its annual summit in
Hanoi.
Their entry into the EAS, which elevates its
diplomatic heft, comes despite Chinese
attempts to promote another grouping, which
does not include the US, as the region's
premier forum for regional cooperation.

7. GlaxoSmithKline to pay $750 million in adulterated drugs case.
GlaxoSmithKline has agreed to pay $750 million and plead guilty to manufacturing
and distributing adulterated drugs from a now closed plant in Puerto Rico, the US
justice department said on Tuesday.
Of the $750 million, Glaxo will pay $600 million to settle allegations that, because
the drugs were adulterated, false claims for reimbursement were submitted to
government healthcare programs.
Sarkozy says he will sign retirement bill
French President Nicolas Sarkozy says he will sign a bill raising France's retirement age to 62
despite the massive protests and strikes it has sparked.

8. Oil falls on stronger dollar, US supply
jump.
Oil fell on Wednesday as the dollar strengthened
and after an industry report showed a bigger-than-
expected gain in US crude inventories last week. US
crude for December fell 36 cents to $82.19 a barrel at
0258 GMT, more than $2 from a five-month high of
$84.43 reached on Oct. 7.
US economy grows 2% in July-September
The economy grew slightly faster last summer as Americans
spent a little more freely. Yet it remains too weak to reduce
high unemployment just as Democrats face deep losses in
Tuesday's elections.
The Commerce Department said on Friday that the US
economy expanded at a 2% annual rate in the July-
September quarter. It marked an improvement from the
feeble 1.7% growth in the April-June quarter.

9. Walt Disney, Virgin and Google amongst
top 10 dream employers The inaugural Dream
Employers survey, run by Red
Balloon and In sync asked
people in Australia and New
Zealand to nominate their
dream employer.
The top 10 are:
1. Google 2. Virgin 3. Self-
employment 4. Apple 5.
Qantas 6. Walt Disney 7. OMD
8. Sydney Water 9. Getaway
10. Coca-Cola .
OMD is a global
communications organization,
which has been named the
"most creative media agency
in the world" for the fifth year in
a row, reports the Sydney
Morning Herald.
74 per cent of respondents
saying they love the idea of
working for themselves. The
reasons - yearning for greater
flexibility, the thrill of working in
an area of personal interest
and the potential to earn more
money.