__________________ www.TCYonline.comPage : 1 ®Top Careers & You•Bachchan gets highest bid in celebrity auction: A lunch date with 67-year-old Amitabh Bachchan received the highest bid at an auction, Rs. 10.02 lakh on October 5, 2010. A breakfast with Akshay Kumar invited a bid for Rs. 5.92 lakh while the winning bid for a gym session with Salman Khan was Rs. 3.52 lakh. The celebrity auctions are a part of the ‘Joy of Giving Week’ celebrations organised by online marketplace eBay in collaboration with charity organisations from around the country. The lunch with Bachchan and Salman's gym session was won by the corporate house Whirlpool and a lucky fan from the USA will get to have breakfast with Akshay. The celebrity auctions raised a total of Rs. 27 lakhs and the proceeds will go to the star's charity of choice. •Anand Mahindra donates $10 mn to Harvard: Anand Mahindra, Mahindra and Mahindra's Vice-Chairman and Managing Director, on October 4, 2010 donated $ 10 million to the Humanities Centre of the Harvard University, in memory of his mother Indira Mahindra. Mahindra had graduated from Harvard in 1977 and earned an MBA degree in 1981. •Twitter co-founder Williams steps down as CEO: Social networking site Twitter co-founder, Evan Williams, on October 4, 2010 announced that he would step down as the Chief Executive Officer to focus on ways of making Twitter more profitable. He will be replaced by the current chief operating officer, Dick Costolo. Twitter has grown dramatically in recent years, with user numbers now t opping 160 million, compared with three million two years ago. •CBI questions Ramalinga Raju in Satyam scam: More than a year after taking up the investigation, the Central Bureau of Investigation (CBI), on October 5, 2010, finally got a chance to question the founder and former Chairman of Satyam Computer Services Ltd, B. Ramalinga Raju in the Satyam scam. The focus of the interrogation w as centered on the allege d large-scale funds diversion to some foreign countries. Raju founded Satyam Computers in 1987 and was its Chairman until January 7, 2009 when he resigned from the Satyam board after admitting to falsely inflating profits to jack up the company’s share price. After being held in jail on charges including cheating, embezzlement and insider trading, Raju was granted bail on 18 August 2010. The CBI had taken into custody voluminous data and records and also interrogated several accused in the scam. However, Raju had been dodging on the grounds of bad health and treatment. He had recently moved out of Nizam's Institute of Medical Sciences (NIMS) to his residence. •ED issues Blue Notice against Lalit Modi: The Enforcement Directorate has, in October 2010, issued a Blue Notice — an international alert to law enforcement agencies — against the former Indian Premier League chairman, Lalit Modi, in its probe into the finances of the T20 cricket tournament. The objective of a Blue Notice, according to Interpol, is “to collect additional information about a person's identity or activities in relation to a crime.” The ED is probing alleged violations of the Foreign Exchange Management Act by various IPL franchises. Modi was suspended as IPL chairman by the Board of Control for Cricket in India in April and is currently living outside India. •SKS Microfinance sacks CEO Gurumani: SKS Microfinance Ltd on October 4, 2010 terminated the services of its Managing Director & Chief Executive Officer, Suresh Gurumani, with immediate effect. The board of the Hyderabad-based company, which was the first microfinance institution to unveil an initial public offer (IPO) in August 2010, has appointed the Deputy CEO, M. R. Rao, in his place. SKS founder Vikram Akula and Gurumani are said to have been locked in a power conflict for quite some time. •Ratan Tata in UK govt. advisory committee: Ratan Tata, Chairman of the Tata Group, was on October 5, 2010 included in a 19-member group of notables that will assist the UK government in preparing business strategies and highlight priorities for the British economy. Tata’s inclusion in the panel illustrates the increasing visibility of the Indian group in the UK, where it owns brands such as Jaguar Land Rover and the tea c ompany, Tetley. •Priyanka Chopra signed as Samsung brand ambassador: Samsung India, in October 2010, signed actress Priyanka Chopra as the brand ambassador to promote its new range of washing machines and other home appliances. •Kareena Kapoor to endorse M&M scooters: Actress Kareena Kapoor has signed an agreement to endorse all the three scooters of Mahindra & Mahindra – Rodeo, Duro and Flyte – in print, electronic and online campaigns. The actress appeared on a Flyte in the movie ‘3 Idiots’.
• Bachchan gets highest bid in celebrity auction: A lunch date with 67-year-old Amitabh Bachchan received the
highest bid at an auction, Rs. 10.02 lakh on October 5, 2010. A breakfast with Akshay Kumar invited a bid for Rs.
5.92 lakh while the winning bid for a gym session with Salman Khan was Rs. 3.52 lakh. The celebrity auctions are a
part of the ‘Joy of Giving Week’ celebrations organised by online marketplace eBay in collaboration with charity
organisations from around the country. The lunch with Bachchan and Salman's gym session was won by the corporate
house Whirlpool and a lucky fan from the USA will get to have breakfast with Akshay. The celebrity auctions raised a
total of Rs. 27 lakhs and the proceeds will go to the star's charity of choice.• Anand Mahindra donates $10 mn to Harvard: Anand Mahindra, Mahindra and Mahindra's Vice-Chairman and
Managing Director, on October 4, 2010 donated $ 10 million to the Humanities Centre of the Harvard University, in
memory of his mother Indira Mahindra. Mahindra had graduated from Harvard in 1977 and earned an MBA degree in
1981.
• Twitter co-founder Williams steps down as CEO: Social networking site Twitter co-founder, Evan Williams, on
October 4, 2010 announced that he would step down as the Chief Executive Officer to focus on ways of making Twitter
more profitable. He will be replaced by the current chief operating officer, Dick Costolo. Twitter has grown dramatically
in recent years, with user numbers now topping 160 million, compared with three million two years ago.
• CBI questions Ramalinga Raju in Satyam scam: More than a year after taking up the
investigation, the Central Bureau of Investigation (CBI), on October 5, 2010, finally got a chance to
question the founder and former Chairman of Satyam Computer Services Ltd, B. Ramalinga Raju
in the Satyam scam. The focus of the interrogation was centered on the alleged large-scale fundsdiversion to some foreign countries. Raju founded Satyam Computers in 1987 and was its
Chairman until January 7, 2009 when he resigned from the Satyam board after admitting to falsely
inflating profits to jack up the company’s share price. After being held in jail on charges including
cheating, embezzlement and insider trading, Raju was granted bail on 18 August 2010. The CBI
had taken into custody voluminous data and records and also interrogated several accused in the scam. However,
Raju had been dodging on the grounds of bad health and treatment. He had recently moved out of Nizam's Institute of
Medical Sciences (NIMS) to his residence.
• ED issues Blue Notice against Lalit Modi: The Enforcement Directorate has, in October 2010, issued a Blue Notice
— an international alert to law enforcement agencies — against the former Indian Premier League chairman, Lalit
Modi, in its probe into the finances of the T20 cricket tournament. The objective of a Blue Notice, according to
Interpol, is “to collect additional information about a person's identity or activities in relation to a crime.” The ED is
probing alleged violations of the Foreign Exchange Management Act by various IPL franchises. Modi was suspendedas IPL chairman by the Board of Control for Cricket in India in April and is currently living outside India.
• SKS Microfinance sacks CEO Gurumani: SKS Microfinance Ltd on October 4, 2010 terminated
the services of its Managing Director & Chief Executive Officer, Suresh Gurumani, with immediate
effect. The board of the Hyderabad-based company, which was the first microfinance institution to
unveil an initial public offer (IPO) in August 2010, has appointed the Deputy CEO, M. R. Rao, in his
place. SKS founder Vikram Akula and Gurumani are said to have been locked in a power conflict
for quite some time.
• Ratan Tata in UK govt. advisory committee: Ratan Tata, Chairman of the Tata Group, was on October 5, 2010
included in a 19-member group of notables that will assist the UK government in preparing business strategies and
highlight priorities for the British economy. Tata’s inclusion in the panel illustrates the increasing visibility of the Indian
group in the UK, where it owns brands such as Jaguar Land Rover and the tea company, Tetley.
• Priyanka Chopra signed as Samsung brand ambassador: Samsung India, in October 2010, signed actressPriyanka Chopra as the brand ambassador to promote its new range of washing machines and other home
appliances.
• Kareena Kapoor to endorse M&M scooters: Actress Kareena Kapoor has signed an agreement to endorse all the
three scooters of Mahindra & Mahindra – Rodeo, Duro and Flyte – in print, electronic and online campaigns. The
actress appeared on a Flyte in the movie ‘3 Idiots’.
• Sonam Kapoor is Electrolux's brand ambassador: Home appliance maker Electrolux on October 4, 2010 appointed
actress Sonam Kapoor as its new brand ambassador. Kapoor will endorse the products of PE Electronics Ltd which is
a new business entity comprising Philips and Electrolux brands. Philips product range consists of high-definition LEDs,
LCDs and ultra-slim colour TVs while the Electrolux product range will consist of refrigerators, washing machines,
microwave ovens and air-conditioners.
• Montblanc launches John Lennon pens: Montblanc on October 4, 2010 launched JohnLennon Edition Writing Instruments to celebrate the 70th birth anniversary (October 9) of
the legendary musician. While the ‘John Lennon Limited Edition 70’ marks his 70th
birthday and is limited to 70 pieces, ‘John Lennon Commemoration Edition 1940’
marks the year of Lennon’s birth and is limited to 1940 pieces.
• Siddharth is Peter England brand ambassador: Peter England Fashion and Retail (PEFR), a mid-priced apparel
division of Aditya Birla Nuvo, on October 6, 2010 appointed actor Siddharth of ‘Rang De Basanti’ fame as its brand
ambassador. The company has also forayed into denims and a line of club wear, called Peter England Party.
• Rogue trader Kerviel convicted: Jerome Kerviel was on October 6, 2010 sentenced to three years in prison and
ordered to repay Societe Generale SA’s € 4.9-billion ($6.8 billion) trading loss in January 2008 by a judge who said the
former trader’s actions threatened the bank’s existence. Kerviel has been accused by Societe Generale of breach of
trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion
News round up
India's wealth triples to $3.5 trillion – Credit Suisse
• The Credit Suisse Research Institute on October 8, 2010 launched its inaugural Global Wealth Report, which finds that
the global wealth currently held by 4.4 billion adults (defined as aged over 20) has increased 72% since 2000 to reach
USD 195 trillion. The Institute estimates that global wealth will grow 61% to USD 315 trillion by 2015.
• China stands out as the third-largest wealth generator in the world, with total household wealth of USD 16.5 trillion,
behind only the US (USD 54.6 trillion) and Japan (USD 21.0 trillion). If historic growth trends continue, total household
wealth in China could rise 111% to USD 35 trillion by 2015, outstripping Japan to become the second highest in the
world. India's wealth has tripled to $3.5 trillion in the last decade and could double to $6.4 trillion by 2015.
• Switzerland and Norway have emerged as the richest nations in the world in terms of average wealth per adult,
which stands at USD 372,692 and USD, 326,530 respectively. They are followed by Australia, which is in third place
with average wealth per adult of USD 320,909 and Singapore with average wealth per adult of USD 255,488.
Credit Suisse Global Wealth Report
Wealth segment (Average wealth per adult) No. of individuals worldwide
$1 billion and above 1000
$50 million - $1 billion 80,000
$1 million - $50 million 24 million
$100,000 - $1 million 330 million
$10,000 - $100,000 1000 million
Below $10,000 3000 million
Indo-EU drug patents dispute resolved
• India has settled its dispute with the European Union over the seizure of Indian generic
drugs by a few European countries and will soon withdraw a complaint filed before the
WTO on the matter, the Union Commerce and Industry Minister, Anand Sharma, said on
• India had taken the EU to the WTO after a number of instances of seizure of generic drugs (medicines that are off-
patent), on the ground that the consignments were in violation of EU laws. India's stand was that the drugs that were
being shipped to Latin America and Africa were off-patent and there was no violation of any international law. India had
also argued that the seizures based on allegations of infringement of intellectual property rights in the country of transit
were wrong as they were legal in their countries of origin and destination.
• The problem started two years ago, when a generic drug shipment on route from India to Brazil was seized by the
Dutch Customs in transit, citing violation of European patent laws.• Developing nations had criticised the move as a deliberate attempt by rich nations and pharma multinationals to
diminish poor countries’ access to cheap medicines. The nearly $15-billion Indian pharmaceutical industry gets almost
40 per cent of its revenues from generic drug exports.
• IMF ups India’s GDP growth outlook to 9.7%: The International Monetary Fund (IMF), in its World Economic
Outlook report unveiled on October 7, 2010, revised upwards its India GDP growth projection for 2010 to 9.7 per
cent, from the earlier estimate of 9.4 per cent. The IMF projection for 2010 is the highest among those made by
several agencies. The government and Reserve Bank of India, which release estimates for the financial year ending
March, have estimated GDP growth at around 8.5 per cent in 2010-11. The world economy, which declined by 0.6
percent in 2009, is projected to grow by 4.8 per cent in 2010 while the projection has been retained at 4.2 per cent
for 2011.
• RBI forms group to review operation of monetary policy: The Reserve Bank of India on October 5, 2010
constituted a working group to review the current operating procedure of monetary policy. The group, to be headed by
RBI executive director Deepak Mohanty, will also review the liquidity adjustment facility (LAF), through which the
central bank manages money supply in the system on a day-to-day basis. The RBI conducts LAF through short-term
lending (repo) rate and borrowing (reverse repo) rate. The difference between them is called corridor. The group will
also assess the role of Bank Rate, at which banks borrow from RBI, which has not been used as a monetary tool by
the apex bank for several years.
• Asia Europe Meeting organised in Brussels: The Asia Europe Meeting (ASEM) summit was organised in Brussels,
Belgium on October 4-5, 2010. The summit called for reforming the international financial institutions (IFIs), the
International Monetary Fund (IMF) and the World Bank, especially the quota regime of the IMF, by suggesting a
deadline for the process. Both Indian Vice-President Hamid Ansari and Chinese Prime Minister Wen Jiabao, during
their interventions at the ASEM summit, sought more quota shares of the IMF to developing countries to improve the
credibility, legitimacy and effectiveness of the IFIs.
• India implements FTA with Indonesia: India has implemented a Free Trade Pact (FTA) with Indonesia that reduces
import duties on thousands of products traded between the two countries. Indonesia accounted for $11.7 billion of the
total bilateral trade of $44 billion between India and Association of Southeast Asian Nations (ASEAN) countries in
2009-10. Besides Indonesia, the other five ASEAN countries with which India has operationalised FTAs are Vietnam,
Myanmar, Malaysia, Singapore and Thailand. The remaining four Asean members — Brunei, Cambodia, Laos and the
Philippines — are also expected to become functional in the coming months.
• India has 706.37 million telecom subscribers: The total number of telephone subscribers (both mobile and landline)
in India was at 706.37 million on August 31, 2010, according to data released by the Telecom Regulatory Authority of
India (TRAI) on October 5, 2010. The wireless subscriber base was 670.60 million while the wireline subscriber base
was at 35.77 million. The overall teledensity (telephones per 100 people) in India touched 59.63 per cent. Bharti Airtel
was the market leader in wireless category with 141.25 million subscribers. The total broadband subscriber base in
India was at 10.08 million.
• Power generation at 397.34 billion units in 1st
half of 2010-11: The power generation in the first half this fiscal
(April- September) was 97.15 per cent of the planned 409.04 billion units of electricity, according to the data unveiled
by the Central Electricity Authority (CEA) on October 8, 2010. The country generated 397.34 billion units of power
during the six months period. Thermal power generation was 317.33 billion units during the April-September period,
which is 80 per cent of the total power produced in the period.
half of 2010-11: Steady demand from sectors like automobile and
consumer durables helped domestic steel consumption rise 9.8 per cent to 29.82 million tonne during the first half
(April-September) of the current fiscal (2010-11) over the year-ago period (2009-10). Consumption was at 27.15 million
tonne (mt) in 2009-10, according to the data released by the Steel Ministry on October 7, 2010. Domestic production
rose by 4.9 per cent to 30.63 mt in 2010-11, as against 29.21 mt last year.
• Tamil Nadu tops Economic Freedom Rankings for States: The Economic Freedom Rankings for the States of
India, 2009 compiled by US-based Cato Institute and Indicus Analytics, in cooperation with Friedrich NaumannStiftung, were unveiled on October 6, 2010. The rankings are a measure of the degree of government intervention in a
state’s economy – the less coercive the intervention, the higher the rank. The Economic Freedom Index is based on
the size of the government (in terms of expenditures, taxes and state-owned enterprises), the legal structures and
security of property rights and the regulation of credit, labour and business. Tamil Nadu occupies the top rank followed
by Gujarat and Andhra Pradesh.
• India Investment Forum organised: Union Finance Minister Pranab Mukherjee, Finance Secretary Ashok Chawla
and India's Ambassador to U.S. Meera Shankar participated in the annual India Investment Forum organised in New
York on October 13, 2010. The Finance Minister called the global investor community to participate in the growth story
saying the country is poised to expand by 9 per cent.
• Credit growth in first half at 5.6%: The total outstanding credit of the banking system grew 5.6 per cent to Rs.
34,22,291 crore in the first half (April-September 2010) of 2010-11, according to data released by the Reserve Bank of
India (RBI) on October 7, 2010. The credit growth rate in the first half of 2009-10 was 3.5 per cent. Deposit growth, onthe other hand, has sharply slowed from 7.6 per cent in April-September 2009 to 4.9 per cent in the first half of 2010.
RBI has projected 18 per cent deposit growth for 2010-11.
• RBI sets up panel on new urban co-op licences: The Reserve Bank of India, in October 2010, has constituted an
Expert Committee headed by Y. H Malegam for studying the advisability of granting new urban co-operative banking
(UCB) licences. Some of the issues the committee will look into include the role and performance of UCBs over the
last decade, the need for organisation of new UCBs in the context of the existing legal framework and the existing
regulatory policy on setting up of new UCBs.
• ‘Financial Literacy on Wheels’ launched: Namo Narain Meena, Minister of State for Finance flagged off the New
Delhi-Sealdah Rajdhani Express train, as part of National Stock Exchange’s (NSE) campaign ‘Financial Literacy
on Wheels’, at the New Delhi Station on October 6, 2010. The train is an investor awareness initiative launched by the
NSE to reach out to people in different parts of the country. The 14 coaches of the train will carry Nifty (index of NSE)
images on the train, with panels inside on the precautions an investor should take before, during and after trading. Themotto of the Rajdhani initiative is ‘soch kar, samajh kar, invest kar’. The campaign was first started in April, when an
awareness drive was begun on the Rajdhani trains from Delhi to the Southern cities of Chennai, Trivandrum and
Bangalore.
• India signs Tax Information Exchange Agreement with Bermuda: India on October 08, 2010 signed a Tax
Information Exchange Agreement with Bermuda, the first in a series of such pacts. Agreements with at least eight
other traditional tax havens had been finalised and would be signed soon. These are the Bahamas, British Virgin
Islands, Isle of Man, Jersey, Cayman Islands, St Kitts & Nevis, Monaco and Argentina. The agreement provides for
exchange of information on criminal tax matters.
• Tata Steel to launch 2nd
agri-tools brand ‘Grasshopper’: Tata Steel will launch a new brand ‘Grasshopper’ for
marketing mechanised agricultural implements. Its ‘Tata Agrico’ brand deals in traditional implements for agriculture
such as hoes, shovels, sickles, crowbars, pickaxes and hammers.
• Toshiba to introduce 3-D TV that doesn't require glasses: Toshiba, the Japanese electronics maker, on October 4,2010 said that it would be the first on the market with a TV that displays images in 3-D without requiring viewers to
wear eye-glasses. The clunky and expensive glasses – which viewers must wear to watch 3-D images on TVs
currently on sale from the likes of Samsung, Panasonic, Sony and Toshiba itself - have been one big obstacle to a
wider adoption of 3-D technology.
• Tata Motors acquires Italian design firm Trillix: Tata Motors on October 4, 2010 acquired an 80 per cent stake in
Italian design and engineering firm, Trillix SRL, for €1.85 million (Rs. 11.2 crore). Indian automakers have been
scouting for European design houses to enhance their capabilities. Mahindra & Mahindra, for instance, has already
acquired Engine Engineering and Grafica Ricerca Design (GRD), both of Italy.
anniversary issue in 3D: For its fifth anniversary celebration, BBC Top Gear magazine (India
edition) has launched a 314 page issue, titled Epic 3D issue, in which about 80 pages of content is in 3D. The issue
launched on October 5, 2010 has 3D glasses supplied with the magazine.
• Tata Communications launches cloud computing services: Tata Communications, in October 2010, expanded its
services in the cloud computing space by launching two new services christened InstaCompute and InstaOffice.
InstaCompute is an instant data centre infrastructure service which provides on-demand computing and storage
resources to businesses over the network. InstaOffice brings global Internet-based collaboration and office tools toIndian companies.
• Dell introduces tablet PC ‘Streak’: Computer maker Dell in October 2010 introduced its tablet PC under the brand
‘Streak’ in the Indian market in association with Qualcomm and Tata DoCoMo. The ‘Streak’ is based on Google’s
Android operating system and is powered by Qualcomm's Snapdragon mobile processor. The tablet is less than 10
mm in thickness, and weighs around 220 gm. Other tablets that are expected to be launched in India in the next few
months include Apple’s iPad, Samsung's Galaxy Tab, BlackBerry PlayBook, ASUS Eee Pad and Huawei SmaKit S7.
• Facebook offers new way to sort friends, copy info: Palo Alto, California based Facebook is introducing tools that
will make it easier for people to separate their online friendships into different groups and copy all the personal
information they have posted on the website. The new features will start rolling out to Facebook's more than 500
million worldwide users from October 7, 2010. Facebook founder Mark Zuckerberg was also in news recently for the
release of the film “The Social Network,” a movie tracing Facebook's origins and evolution. Zuckerberg has previously
scoffed at the critically acclaimed film as a gross exaggeration of his 6-year-old company's history.• ASCI pulls up VW, R-Com & Parle for misleading ads: The Advertising Standards Council of India (ASCI) on
October 5, 2010 said some television commercials have been withdrawn or modified as they did not abide by its code
of conduct. While Reliance Communications, Parle Agro and Volkswagon were asked to withdraw their ads, Johnson
& Johnson and Scorpio Enterprise, which makes 'Natraj Atta', were directed to modify their claims. Reliance
Communications had made unsubstantiated claims regarding unlimited talk-time. The offers were however subject
to certain conditions which were not mentioned in the ads. The LMN Juice ad by Parle Agro hinted at racism by
portraying an African national in bad light. Volkswagen had to discontinue the commercial for its Polo car as it
portrayed violence against animals.
• Titan unveils ‘Tycoon’ collection: Tata Group company Titan unveiled its collection of chronograph and multifunction
watches under the brand ‘Tycoon’ in October 2010. Priced between Rs. 3000 and Rs. 12000, Tycoon collection is
available in 8 different styles across 25 variants.
• Gold Plus unveils diamond alternative Diamantine: Gold Plus, a jewellery retail brand from the Tata Group,launched Diamantine, a new stone that is an alternative to diamond but displays all properties of a diamond (cut,
clarity, colour) and comes at one-tenth the cost of one on October 7, 2010.
• Vimal introduces anti-microbial fabric DEO2: Vimal, a textile brand promoted by Mukesh Ambani’s Reliance
Industries Ltd., has introduced its new range of anti-microbial suiting fabric DE02, which has the ability to arrest growth
of fungi and bacteria to keep apparels odourless in hot and humid conditions.
• Godrej launches high-end safes Defender Z+: Godrej Security Solutions (GSS), a part of Godrej & Boyce
Manufacturing Ltd, on October 08, 2010 launched its latest range of safes branded Defender Z+. The product aimed at
banks and jewellers incorporate three layers of security — access control, alarm system and proximity sensor
(camera).
• Sanofi launches hostile bid for Genzyme: Sanofi-Aventis SA, France’s largest pharmaceutical company, on 5, 2010
began an $18.5 billion hostile takeover offer for Genzyme Corp, based in Cambridge, Massachusetts, after the US
biotechnology company spurned Sanofi’s $69-a-share bid as too low and refused to negotiate.
• Mohinder Amarnath inducted into IPL Governing Council: The BCCI on October 6,
2010 inducted former Test cricketer Mohinder Amarnath, winner of the Col C K Nayudu
Lifetime Achievement Award in 2009, into the reconstituted Governing Council of theIndian Premier League (IPL) after both Sunil Gavaskar and Mansoor Ali Khan Pataudi
refused to work as non-paid honorary members. Amarnath joins Ravi Shastri, a former
India captain, as the second cricketer on the panel and will serve a one-year term in the
Council which was reconstituted by the BCCI in September. Anurag Thakur, Ranjeeb
Biswal, Arun Jaitley, Rajiv Shukla and Ajay Shirke are the other five members of the
Council. Pataudi, Sunil Gavaskar and Ravi Shastri were paid Rs. 1 crore as annual
remuneration for IPL-3. Now all council members will serve on a non-payment basis.
• Misbah-ul-Haq is the new captain of Pakistan Cricket team: The Pakistan Cricket Board (PCB) on October 7, 2010
named senior batsman, Misbah-ul-Haq as the captain for the Test series against South Africa next month in Dubai and
Abu Dhabi. Shahid Afridi has been retained as captain of the One-Day and T20 squads. Opener Salman Butt who led
Pakistan in the Test matches in England remains provisionally suspended by the International Cricket Council (ICC) for
his alleged role in spot-fixing.• Abhinav Bindra is the flag-bearer at CWG opening ceremony: Olympic gold medallist Abhinav Bindra on October
3, 2010 became the fourth Indian shooter to carry the tri-colour during the opening ceremony of a multi-discipline
sporting event when he led the Indian contingent out during the Commonwealth Games opening ceremony at the
Jawaharlal Nehru Stadium in New Delhi. Dr. Karni Singh (1982 Asian Games), Jaspal Rana (1998 Commonwealth
Games) and Rajyavardhan Singh Rathore (CWG 2006) are the other Indian shooters to have carried the tri-colour.
• Wozniacki is ranked world’s No. 1 in women’s tennis: 20-year-old Caroline Wozniacki of
Denmark clinched the world number one ranking on October 11, 2010 when she entered the
quarterfinals of the China Open, in Beijing dethroning America’s Serena Williams. Wozniacki
is the first from her country to reach No. 1 in world ranking. She was the runner-up at the
2009 US Open and has not won a single grand slam (Wimbledon, Australian Open, French
Open and US Open) title so far.
News round up
Commonwealth Games open
• President Pratibha Patil declared the Commonwealth Games open after Prince Charles read out
message from the Queen Elizabeth II on October 3, 2010 at the Jawaharlal Nehru Stadium in
New Delhi.
• The official song of the 2010 Commonwealth Games ‘Jiyo Utho Badho Jeeto’ was composed
and performed by composer A. R. Rahman at the opening ceremony. The song's title is based
on the slogan of the games, "Come out and play". The song is penned by Mehboob in Hindi
with a sprinkling of English words.
• The Queen's Baton Relay arrived at the 2010 Games opening ceremony on 3 October 2010, after visiting the other
54 nations of the Commonwealth and travelling throughout India, reaching millions of people to join in the celebrations
for the Games. The relay began when the baton, which contains Queen Elizabeth II's message to the athletes, left
Buckingham Palace on 29 October 2009.
• The 2010 Commonwealth Games is the 19th
Commonwealth Games, and the ninth to be held under that name. The
Games are being held in Delhi, India, from 3 to 14 October 2010, the largest multi-sport event conducted to date in
Delhi and India, which hosted the Asian Games in 1951 and 1982. This marks the first time the Commonwealth
Games have been held in India and the second time the event has been held in Asia (after the 1998 Games in Kuala
Lumpur, Malaysia). Approximately 6081 athletes from 71 nations are participating in 17 sports.
• Jamaican Leron Clarke became the fastest man of the Commonwealth Games clocking 10.12s while Australia's Sally
Pearson became the fastest woman by winning the 100 m sprint with a timing of 11.28s on October 7, 2010.
• India's Somdev Devvarman took the Gold medal in Men's Singles in empahtic style with a 6-4, 6-2
victory over Greg Jones (AUS) at the R.K Khanna Tennis Stadium on October 9, 2010. Devvarman's win
broke Australia's monopoly on Gold medals in tennis. Australia has already won Women's Singles,
Women's Doubles and Men's Doubles Gold medals and Rodionova and Paul Hanley (AUS) will contest
the Mixed Doubles final against Jocelyn Rae and Colin Fleming (SCO) later.• Faavae Faauliuli (SAM) claimed Samoa's first Commonwealth Games Gold medal, in any sport, with his final lift in the
men's 94kg at Jawaharlal Nehru Sports Complex on October 9, 2010.
Medals tally: As of Sunday, October 10, 2010-Top three countries
Gold Silver Bronze Total
Australia 59 34 36 129
India 28 19 21 68
England 25 45 29 99
• India win 1st Test of series with Australia: Hosts India scored a one wicket victory over Australia on the final day of
the first test of the two-test series at Mohali in Punjab on October 5, 2010. An unbeaten 73 by V.V.S. Laxman guided
India to the target of 216 on the final day. Zaheer Khan got the Man of the Match for taking 8 wickets in the match.
Australia had won the toss and elected to bat scoring 428 with Shane Watson’s 101 not out as the highest score. India
scored 405 with Tendulkar emerging as the top scorer with 98. In the second innings, Australia were all-out for 192
runs setting India a target of 216 runs for victory. The one-wicket win meant India retained the Border-Gavaskar
Trophy with an unassailable 1-0 lead in the two-match series. The second Test begins in Bangalore on October 9.
• Rest of India wins Irani Trophy: Rest of India beat Mumbai by 361 runs to clinch the Irani Trophy title for the fifth
consecutive year at the Sawai Man Singh Stadium in Jaipur on October 5, 2010. Chasing an improbable target of 782
to win, the Ranji Trophy champion was bowled out for 420. Off-spinner R. Ashwin (five for 106) and leg-spinner
Chawla (four for 113) were the major wicket-takers. Wasim Jaffer was captain of Mumbai while Rest of India was laid
by Yuvraj Singh. The scores: Rest of India: 668 and 387 for three declared beat Mumbai: 274 and 420 (A. Rahane
191, W. Jaffer 88; R Ashwin 5 for 106, P Chawla 4 for 113).
• East Bengal win Federation Cup: Reisangmi Vashum scored the winning goal in the 53rd minute
as East Bengal beat Mohun Bagan 1-0 in the Federation Cup final at the Barabati Stadium in
Cuttack on October 2, 2010 to annex the title for the seventh t ime.
• Europe wins Ryder Cup: Europe won the Ryder Cup on October 4, 2010, beating the United
States by 14-1/2 points to 13-1/2 points at Celtic Manor Resort in Newport, Wales. The team
captains were Colin Montgomerie for Europe and Corey Pavin for the USA. The Ryder Cup is a
golf competition between teams from Europe and the United States. The competition is jointly
administered by the PGA of America and the PGA European Tour, and is contested every two
years, the venue alternating between courses in the United States and Europe.
