1. Current news

2. State-owned telecom company MTNL posted a net loss of Rs 604.9
crore
MTNL currently has over 45,000 employees on its rolls
It spent over 30% of its 3,770-crore revenues in the last financial
year on employee wages. India’s largest telco, BhartiAirtel , whose
revenues are 10 times that of MTNL, has only 18,000 employees.
For the first six months this fiscal, the telco has reported a loss of
Rs 1,056.33 crore, against a net loss of Rs 20.95 crore in the first
half of the previous financial year.
MTNL net loss at Rs 605 crore

3. There was a significant fall in October's new car registrations,
reflecting the impact of the Scrappage Incentive Scheme at this time
last year and some deterioration in consumer confidence
Total new car registrations in 2010 are forecast to be 2.026 million
units, 1.5 percent up on 2009
UK new car sales fell 22 pc in
October

4. Toyota onThursday announced a recall of almost 136,000 compact cars in
Japan and Europe to fix a steering problem.
it will recall 65,000 compact iQ and Passo cars in Japan and about 70,800
in Europe, all of them built between 2008 and 2010
Multiple recalls byToyota this month have come after a series of mass
recalls of around 10 million vehicles worldwide announced in late 2009
and early 2010 undermined the company's once stellar reputation.
The crisis snowballed, prompting US congressional investigations asToyota
was hit with a record 16.4 million dollar fine to settle claims it had hidden
accelerator pedal defects blamed for dozens of deaths.
Toyota to recall 136,000 cars over
steering fault

5. Food inflation rose 12.85 percent, while the fuel price index climbed 10.67 percent in the year to Oct. 23,
The primary articles index was up 15.43 percent in the latest week compared with an annual rise of 16.62
percent a week earlier.
The wholesale price index , the most widely-used gauge of prices in India , rose 8.62 percent in September
compared with an annual rise of 8.5 percent inAugust
Food inflation at 12.85 pc y/y as
at Oct 23: Govt

6. State-run GasAuthority of India (Gail) has posted a 29.5%
growth in its net profit at Rs 923.5 crore in the second
quarter ended September 30, 2010, on higher realisation
from sale of liquid hydrocarbon
The country’s largest gas marketing firm plans to invest Rs
6,200 crore this financial year to maximise its gains from the
current good run and expand its pipeline network and
petrochemical operations
The company’s net sales in the second quarter also jumped
30.7% at Rs 8,104.1 crore, he said at a press conference
Gail net up 30% at Rs 924 cr

7. Thank you