Major News and Events of 22 October 2012
What Happened on 22 October 2012
Internet influencing offline purchase in India
Film 'Talaash' captures fading locations of Mumbai
Not scared of legal notice: Arvind Kejriwal
L&T records 15 percent profit growth in Q2
Sensex rises by 111 points
BJP to focus on row surrounding Virbhadra Singh, Robert Vadra in Himachal polls
Chennai Super Kings recorded their second victory in the Champions League Twenty20 with a four-wicket win over English team Yorkshire. With both teams out, the match had no bearing on the semifinal line-up. After restricting Yorkshire to 140 for six, the two-time Indian Premier League (IPL) champions scored 141 for six in 19 overs. Chennai's problem this tournament has been their failure to get off to a strong start.
The much awaited thriller "Talaash" has captured local areas of the MumbaiCity, which are slowly being demolished. The movie is shot in areas like Lower Parel,Charni Road,Grant Road, Colaba and Central Bombay to add the actual flavors of the city in the movie. The chawls and mills in Lower Parel have already given way to construction. According to sources, the movie is shot in real locations and the unit hasn't used even one set. They got to shoot in 47 locations.
Science and Technology
Even though retail sales is still dominant, the influence of internet on offline purchasing is becoming increasingly important according to a study. Realizing its influence, retailers inIndiahave started adopting social media. The study reveals that the total penetration of the internet is only 12 percent , which leaves ample space for the internet to grow and successively social media can expand. With a backdrop of changing lifestyle, increased incomes, demographic variability and vibrant democracy a sharp rise in the social media usage inIndiais expected. Social media is growing very fast inIndiait will be interesting to see how marketers can take advantage of it..
Larsen & Toubro recorded a 15 percent year-on-year growth in net profit for the quarter ended on Sep 30. The company announced that recurring net profit rose to Rs.9.15 billion during the second quarter of the current fiscal from Rs.7.98 billion a year earlier. L&T's net profit was Rs.11.37 billion, including one-time gains on account of a stake sale in a subsidiary and reversal of provision in relation to the stake it earlier held in Mahindra Satyam. L&T said it got new orders worth Rs.209.67 billion in July-September, up 30 percent from a year ago. Its order book stood at RS.1.58 trillion at the end of September. The company is looking to increase overseas growth, particularly in the Middle East, Brazil and Turkey, aiming for earnings from foreign markets to account for 25 percent of revenue by 2016.
A benchmark index for Indian equities markets advanced 111 points yesterday, led by good buying support in TCS and L&T on the back of better-than-expected earnings. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened marginally down at 18,655.93 points, rose to 18,793.44 points, up 0.59 percent or 111.13 points from its previous close at 18,682.31 points. The Sensex touched a high of 18,793.44 points in the intra-day trade. The share price of engineering conglomerate L&T rose 2.17 percent to Rs.1,668.20. L&T net profit surged by 42.5 percent to Rs.1,137 crore for the quarter ended Sep 30, beating market expectations. Other major Sensex gainers were: Bharti Airtel, up 1.91 percent at Rs.271.75; NTPC, up 1.74 percent at Rs.169.20; HDFC Bank, up 1.73 percent at Rs.639.10 and ICICI Bank, up 1.69 percent at Rs.1,073.55.
India Against Corruption (IAC) leader Arvind Kejriwal was rebellious after Delhi Chief Minister Shiela Dikshit sent him a legal notice for allegedly "defaming" her. Staging a protest outside a BSES office here, Kejriwal said: "You can send me as many notices as possible. We are not scared." He further said that it wasn’t him but her own actions were defaming her and he isn’t scared of any legal notice. While denouncing inflated power and water bills, the activist has alleged collusion between the government and discoms in the capital to increase tariffs and help private companies earn more.
BJP in Himachal Pradesh will focus on a series of controversies surrounding state Congress chief Virbhadra Singh and party president Robert Vadra, in attempt to woo voters in the state. They have decided to raise issues like Ispat payoff scam, price rise and corruption by staging street plays across the state. Ten teams of artistes have reached all the district headquarters in the state to stage street plays. The first play was staged at Shimla's Mall Road Sunday evening, where main issues raised were that of price rise and corruption. The campaign will also focus on the policy decisions of the UPA government.