Current Affaires

Topics to be discussed
FIIs inflow to be stronger in second half of FY 13 Coca Cola plans to invest $ 5 billion in India by 2020 ONGC, IOC, OIL India bid for $ 5 billion for Conoco Canada assets Cement sector rules the Indian Market, generates 46% gains

FIIs Inflow to be stronger in second half

India expect net FII inflow to be around USD 14.7 billion

Coca cola plans to invest $ 5 billion in India by2020

The company will make the investments along with its bottling partners on expanding manufacturing and distribution facilities and marketing of its products. The company plans to invest $30 billion globally by 2020. One-sixth of the planned global investment will be made in India. Our target is to double our business between 2010 and 2020. What we have achieved in 125 years, we want to create in 10 years," Kent said.

Coca cola plans to invest $ 5 billion in India by2020

Coca Cola, which owns popular soft drink brands like Thumbs Up, Sprite, Coca-Cola, Fanta and Limca, directly employs 25,000 and indirectly 150,000 people in the country.

ONGC, IOC, Oil India bid $5bn for Conoco Canada assets
A trio of state-run Indian oil companies has bid USD 5 billion for stakes in Canadian oil sands holdings owned by ConocoPhillips, as the world's No. 4 oil importer continues to search for supplies to power its near USD 2 trillion economy.

Cement sector rules the Indian markets, generates 46% gains

The stocks of as many as ten prominent cement manufacturing companies have hit their 52-week high during the Sep 24 - Sep 27 '12 week alone, making it one of the best performing sector over the past one week, only after Retail and Realty. Some of these stocks to have hit their 52-week high this week include - ACC, Ambuja Cements, Grasim, JK Lakshmi Cement, JK Cement, Madras Cement, OCL India, Prism Cement, Shree Cement and Ultra Tech Cement.

Cement sector rules the Indian markets, generates 46% gains

The mutual fund industry too has upped its investment in this industry. As per the latest statistics, the equity investment by Mutual Funds in this sector has increased from 2.5% in Jan '12 to 3.3% in Aug '12 and given the sector's spectacular performance, this investment may increase further in the coming months.