Newspaper Summary - Business Standard - 27th September

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FRONT PAGE-

-There is going to be a new beginning on the part of police forces of all over the nation in controlling public unrestness.Trials regarding usage of non lethal tasers are being carried out and if it will succeed than the public posessions and revolts would be controlled in a much better way.
-The govt.based nuclear organiztions are in talk with GE HITACHI for tested and certified reactors to be placed in Gujrat and Maharashtra .GE HITACHI has got much improved technology reactors.
-The engeneering giant LARSEN AND TURBO are planning to move ahead with oppurtunities in financial sectors and the new firms are L and T FINANCE HOLDING ,it has got 2 arms ,L and T FINANCE with its retail,microfinance and corporate loan portfolio and the other one is L and T INFRASTRUCTURE FINANCE.
-Late Arjun sen gupta,former rajya sabha mp and member of the planning commission passed away on sunday.
-financial decisions ragarding non- banking institutions to come soon
-about 241crore rs is due in kingfisher airlines according to BPCL.

PAGE- COMPANIES-Mahindra satyam to announce its resuts in the coming days. revenue rate of $1.2 to 1.3 billion expeacted and is according to estimations of the new management ,hope that the results will bring clarity among the customers but their are concerns regarding the absence of 4th q results,and margin expansion.
-their has been upward trend regarding the invesments from the PE in the real estates ,according to KOTAK ,about $150 million has been invested ,this trend has been examined from the numbers and the values of deals.
-Hyundai said that they are going to launch 2-3 models every year as the consumer and the market trends are changing and they have to increase the market share in the coming days.
-Arvind mills are going to set up a plant in Bangladesh with investment of about $66 million ,it will create a big emlpoyment oppurtunity for the local mass.
-According to Abott officials their will be no job cuts for indians,there was situation of dilema as Abott has slashed about 3000 jobs in Europe
-CIL has cleared all the papers for its up coming mega initial public offer ,through this the government expects rs 1500 crore
-EIH that operates the OBEROI and TRIDENT brands of hotels and resorts ,its rights will be also subscribed by Analjit singh ,the 1300 crore rights are going to come up in next month and other key players are reliance industies ltd ,ITC hospitality

ECONOMY-
-About 4 % more rainfall then previous year has incresed the planting area by 6.5 million hectare than previous year,the biggest gainers are paddy and pulses.
-the government is expecting 20% increase in total revenue collection than previous year
-nearly 2% of milk producton is dossed every year in india worth 661 crore due to stress suferred by cattels
-rs 2500 a tone imposed on cotton exports
-the government is going to launch the ninth round of New exploring licensing policies which will be covering around 35 oil and gas blocks on 18th oct,2010.since 1997 about 239 blocks have been awarded through this process.

INTERNATIONAL-
-FIAT is thinking of listing FERRARI to raise funds for incresing its stake in US car market CHRYSLER,they are planning to increse it from 20 to 35%.
-BRIGHT FOOD a chinese company is planning to and are in talks to acquire UNITED BISCUITS of england for $3.13 billion,the company had recntly lost a bid for an american sugar refinery
-AIG that will be earning a profit of $2 billion dollor for the financial year ending on NOV 30,by the listing of its asian part in Hong kong.

ISSUES AND INSIGHTS-The numbers are speaking ,mobile is being incresingly used for business and financial transactions,it has incresed from 45 million to 55 million, the no of mobile opertors are going to increase at present 60% of the population use mobiles ,the traditional channels are gone and economies are going to run on mobiles in the coming days,the telecom and business houses all are feeling comfortable with this channel .

OPINION-
-With the coming up of china as a booming economy,their stakes in japans political and economical issues are increasing,due to the political imbalances in america and world wide recession ,china is taking its steps in neighbouring countries as it is in better position.
-due to recent problems in AP and many other states regarding the interest rate the union finance ministry has asked the public sector banks to ensure that mfi donot lend the poors at more that 22-24%.

TOURISM @ INDIA-Orissa one of the most famous tourist spots has been bestowed with beaches,forest ,wildlife,fascinating monuments,land of colourful festivals.The chilka lake ,a beautiful natural spot ,spendid dolphins add to its beauties,lord jagannath rath yatra attracts people from all over the world.

BUSINESS EDUCATION-
-US based Duke university is planning to set up a campus in india.they are deciding about the location in delhi,mumbai,pune or chandigarh,they are looking to start a business school which will give diploma programme ,this is done to dispense the programme globally.
-the ICRI is planning to invest around 35 crore this year on restarting its dehradoon campus and upgrading its communication network.
-the B schools all over the country are gearing up for a greener future setting up the infrastructure for recycling waste and reducing carbon footprints.

MARKETS-Indian stock exchanges that wish to launch trading in facility overseas indices will have to wait for some more months as SEBI is working on a detailed regulatory frame work to govern cross listing arrangements.
- the SC last week set aside judgement of the Calcutta high court and granted centeralsales tax exemption.

DIGITAL CONSUMERS-
-Given the popularity of smart phones and portables web- connected devices like note books ,HP engineers deciced that a printer too neede to evolve in order to keep up ,it allows the user to print documents by sending an e mail.
-it may seem like a natural progression but it took more than a decade and half for telecom operators to look at mobile phone business in india,this is because earlier markets was towards global manufactures like nokia etc.

BRAND WORLD-
-It took EMAMI ,owners of Zandu balm ,almost 2 months to take Dabanggs producer to court on the song issue,the dispute was resolved within few days in the filmy style ,with malaika even coming to promote the brand.
-low cost GOAIR will fly to 4 more destinations from oct 2,taking the total number of destinations on its network to 19,the new destinations are Pune,Lucknow,Patna Leh.

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ABHAY KR MISHRA
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ABHINAY