News File 18-24oct

1. Weekly News 18-24 October
By: Amandeep Singh
Roll no:-94972238256

2. Mahindra Two Wheelers sales up 451%
in
 Best monthly sales of 16,569 scooters in
September.
 A whopping 451% increase year-on-year.
 ‘Powerscooter strategy’ targeting youth with its
peppy looks and 125cc power engine.
 300cc Mojo is a lifestyle bike, an ultimate
machine for motorcycle enthusiasts

3. Essar close to buying oil blocks inAfrica
 Essar oil, India's second-largest private refiner,
is eyeing oil and gas exploration blocks in
Africa to secure crude oil supplies for its
refineries in India and Kenya.
 Essar had identified at least six blocks in
countries such as Nigeria, Libya and
Madagascar where it may buy stakes or entire
assets

4. Top IT companies in fray for Punjab e-
governance project
 Top IT companies including Infosys,TCS,HCL
technologies Infosys, Accenture etc are likely
to bid for the biggest e-govrenance project
related to urban local bodies in Punjab.
 The PPP project is aimed to cut costs and
place an efficient service delivery mechanism
in 5 municipal corporation,138municipal
councils and 24 improvement trusts.

5. Cont……
 The process for inviting private companies for
the Rs 460 cr. project has been already
initiated.
 The companies would earn revenue by
charging commission for monetary transaction
and various services

6. Honda recalls 528,000 cars
 Recalling 528,000 vehicles world-wide due to
potential problems with a master brake
cylinder seal.
 Recall, similar to one by Toyota Motor Corp
for about 1.5 million vehicles worldwide.

7. Cont….
 The same supplier, ADVICS Co Ltd, a
privately held Japanese company with a unit in
the United States, made the seals for both
major automakers.

8. Export Rush to Pakistan sets tomato on
fire
 Asia’s largest prices of tomatoes to Rs 30 per
kg instead of the usual Rs 15/kg each October.
 with prices at Rs 70 to 80 /kg in Pakistan, and
only Rs 7.5/kg in the top tomato producing
state, Maharashtra, there is huge rush to
export.

9. Cont…
 Customs officials at Amritsar said over 135
trucks, each carrying 16 tones of tomatoes
,cross over to Lahore daily, catering to
demand in Pakistani Punjab and Khyber
Pakhtunkhaw an other 70 trucks are going
to Bangladesh.
 Due to high price be cannot afford high rate
so we imported 80% of our requirements of
tomato paste from china.

10. Cont…
 The Rs 400 cr. Ludhiana based Cremica group
sources 20-30% of its tomato paste from
China.