We’ll invest $1-2 b in India in next 3 years: Blackstone
The world’s largest private equity company, Blackstone Group, could earmark up to $2 billion for investment in India over three years, stepping up its activity in the country in line with its rising economy stature.
New York-based Blackstone has already invested $1.2 billion since it started its operations in India five years ago.
Journey of a life time
Milestones are a time to look back & reflect. As the BSE Sensex returns to 20,000 – a mark it first breached in January 2008 before going under – It’s a reminder of its tumultuous journey of 25 years.
MFIs may get to open banks: Finance Minister
The RBI may soon allow micro-finance institutions to set up banks, Union Finance minister Pranab Mukherjee said on Sunday & added RBI has framed a set of guidelines for setting up new banks, Following my announcement in the Budget, The apex bank is now planning to allow new entities to set up banks & has recently floated a discussion paper, interested parties & stakeholders have already submitted their suggestions to RBI.
RBI tells states to halt new biz to pvt banks
The RBI has told several state governments not to give new business, which could generate thousands of crores of income, to private sector banks. At least four states have received letters from the banking regulator in the past few months with the specific instruction.
The central bank has not spelt out the reason for its decision, but private banks thinks it is driven by their comparatively lower lending to government-sponsored programs- schemes that carry a slice of subsidy & are aimed at job creation & poverty reduction.
AVB, Bajaj buy into CARE
Aditya Birla Private Equity & Bajaj Holdings & Investment have together picked up around 10% stake in Rating Agency Credit Agency & Research Ltd (CARE), one of the top three rating firms in the country. The private equity firms have picked up this stake from two existing investors, ING Vysya Bank & Kotak Bank, for around Rs. 150 crore.
Move to reduce car cost
Japanese automakers have sought the introduction of automatic transmission system in the Indo-Japanese free trade agreement expected to be signed next month, to bring down the cost of automatic gear cars.
Bright Food in talks to buy UK’s United Biscuits
Bright Food Co. Ltd., Shanghai’s biggest food & dairy company, is in discussions about a possible purchase of the UK’s united Biscuits from the Blackstone group & PAI partners, the transactions may be valued at $3.2 billion.
Pact on pvt role in TAPI pipeline
Afghanistan, Pakistan & India have agreed to rope in a global energy major to execute & manage a $7.6 billion natural gas pipeline running their land, brightening the prospect of steady flow of gas from central Asia to energy hungry South Asia.
Gold ETFs : An excellent alternative to physical gold
Security: since the investment is in a non-material form, you don’t have to worry about storage or security.
Quality: SEBI regulations mandate the purity of the gold in GETFs to be 99.5% or above.
Liquidity: Gold ETFs can be traded on a real time basis.
Cost of buying & selling: Brokerage rates applicable (between 0.5-2%) are comparatively low.
Long term capital gains benefit: Gains become long term on completion of a holding period of 12 months vis-à-vis 3 years for physical gold.
India in wonderland
Weather has nominated India winner in the global food & fibre sweepstakes this year. The combination of a bumper harvest here & shortages created by bad weather in Brazil, Russia, Europe, china & Pakistan has ensured that India today possesses the world’s cheapest sugar, cotton, tea, corn, pepper, soyabeans & wheat. As the prices in the rest of the world are at multi-year highs, the spot light is on us & how much we can urgently supply.
ICC updates Incoterms
International Chamber of Commerce (ICC) has published revisions to its international commercial terms, also known as Incoterms, that will go into effect from January , 2011.
Incoterms are standard trade definitions most commonly used in international sales contracts. The rules are devised & published by ICC, which has copyrighted the term, & are usually revised every decade to better align with evolving trade practices.
The revised list, Incoterms 2010, contains a series of changes, such as a reduction in the number of terms to 11 from 13. The DAF, DES, DEQ & DDU designations have been eliminated, while two new terms, Delivered at terminal(DAT) & Delivered at place(DAP), have been added.
They attempt to better take into account the role cargo security & electronic data interchange now play in international trade. A panel of eight ICC delegates have studied four rounds of revisions since 2007 to produce the updated terms.
Submitted by:
Vaibhav Malik, Vidhu Lather, Virendra Pratap Singh, Yogendra Singh ( Sec –E)
Monday, September 27, 2010
Business Line - 27th September
Busines Line
The newspaper starts by covering a couple of major headlines, moving to some corporate news, the sentiments of the stock market and finally with editorials and articles on a variety of areas.
Key news items for the day have been as follows:
Requests for Selection (RFS) that were sent out by NTPC Vidyut Vyapar Nigam Ltd ahve received an overwhelming response from power developers. It received applications for 1740 MW solar photovoltaics against target of 150MW. New and renewable sources of energy have been the talk out of the town and this enthusiastic response by developers has shown the promising returns behind this venture.
There have been changes in the percentage credit given by banks to different industries. The new figures show that the proportion of bank credit lent to the infrastructure has increased from 18.6% to 29%, where as sectors such as engineering, jewellery, chemicals and textiles that accounted for 32% of all the credit that banks extended t the industry have seen their share shrink to a mere 22%.
The government has increased the foriegn investment limit fin G-Secs from $5billion to $10billion. However, this hasnt generated much excitement within the FII's. The general perception lies that FII's are only interested in short term papers, it is actually the withholding tax that is the spoiler. (eg: If the coupon rate is 8.5%, FII' may get a return of only 6.8% after the withholding tax)
Both Indian and foriegn companies are eyeing opportunities in the light of India's Highway Development Programme, with a proposed investment of$65billion. Keeping this in mind, Reliance Infra was betting big on the roads vertical, eyeing orders worth Rs.20000crore by 2012. The Anil Ambani controlled Reliance Infrastructure Ltd will raise a debt of Rs.8400crore by next month to execute its current portfolio of 11 road projects worth Rs.12000crore.
ONGC Videsh (OVL), a wholly owned subsidiary of ONGC, has decided to change its strategy by looking fr partnerships with other players including private sector entities. Until now, OVL has been going for exploratory assets on its own with a greater amount of investment and risk. However, roping in a partner would help reduce financial risk but also in knowledge pooling.
The Federal Reserve Chairman, Mr. Ben S Bernanke stated that damage from financial crisis has left the US economy to grow at a slower pace than planned. The economy continues to finish the current quarter by expanding at a rate of 1.4%. Also, sluggish growth has kept unemployment levels at a rate above 9%. Even though new regulations have been pt in place to help the economy to revive, Mr. Bernanke claims that they would help prevent another meltdown.
Hyundai Motor Co will recall about 139500 cars in the US because of steering issues that could result in a loss or reduction in manouvering.
As a result of positive data, signalling improvement in demand for capital goods and technology products, the US stocks ended with gains for 4 straight weeks. Back home,thanks to the support by FII's, the BSE Sensex, NSE's S&P CNX Nifty moved up 2.3%. Dr.Reddy's Lab, HDFC Bank, Infosys and TATA motors registered all time highs. The biggest gainers of this week were sify and rediff.com. Bullish sentiments towards IT countries in the US lifted ADRs of Infosys Technologies, Wipro and Patni computers.
Group 1 ( Section F)
Aakriti Arora
Abhilasha Bharadwaj
Abhishek Goswami
The newspaper starts by covering a couple of major headlines, moving to some corporate news, the sentiments of the stock market and finally with editorials and articles on a variety of areas.
Key news items for the day have been as follows:
Requests for Selection (RFS) that were sent out by NTPC Vidyut Vyapar Nigam Ltd ahve received an overwhelming response from power developers. It received applications for 1740 MW solar photovoltaics against target of 150MW. New and renewable sources of energy have been the talk out of the town and this enthusiastic response by developers has shown the promising returns behind this venture.
There have been changes in the percentage credit given by banks to different industries. The new figures show that the proportion of bank credit lent to the infrastructure has increased from 18.6% to 29%, where as sectors such as engineering, jewellery, chemicals and textiles that accounted for 32% of all the credit that banks extended t the industry have seen their share shrink to a mere 22%.
The government has increased the foriegn investment limit fin G-Secs from $5billion to $10billion. However, this hasnt generated much excitement within the FII's. The general perception lies that FII's are only interested in short term papers, it is actually the withholding tax that is the spoiler. (eg: If the coupon rate is 8.5%, FII' may get a return of only 6.8% after the withholding tax)
Both Indian and foriegn companies are eyeing opportunities in the light of India's Highway Development Programme, with a proposed investment of$65billion. Keeping this in mind, Reliance Infra was betting big on the roads vertical, eyeing orders worth Rs.20000crore by 2012. The Anil Ambani controlled Reliance Infrastructure Ltd will raise a debt of Rs.8400crore by next month to execute its current portfolio of 11 road projects worth Rs.12000crore.
ONGC Videsh (OVL), a wholly owned subsidiary of ONGC, has decided to change its strategy by looking fr partnerships with other players including private sector entities. Until now, OVL has been going for exploratory assets on its own with a greater amount of investment and risk. However, roping in a partner would help reduce financial risk but also in knowledge pooling.
The Federal Reserve Chairman, Mr. Ben S Bernanke stated that damage from financial crisis has left the US economy to grow at a slower pace than planned. The economy continues to finish the current quarter by expanding at a rate of 1.4%. Also, sluggish growth has kept unemployment levels at a rate above 9%. Even though new regulations have been pt in place to help the economy to revive, Mr. Bernanke claims that they would help prevent another meltdown.
Hyundai Motor Co will recall about 139500 cars in the US because of steering issues that could result in a loss or reduction in manouvering.
As a result of positive data, signalling improvement in demand for capital goods and technology products, the US stocks ended with gains for 4 straight weeks. Back home,thanks to the support by FII's, the BSE Sensex, NSE's S&P CNX Nifty moved up 2.3%. Dr.Reddy's Lab, HDFC Bank, Infosys and TATA motors registered all time highs. The biggest gainers of this week were sify and rediff.com. Bullish sentiments towards IT countries in the US lifted ADRs of Infosys Technologies, Wipro and Patni computers.
Group 1 ( Section F)
Aakriti Arora
Abhilasha Bharadwaj
Abhishek Goswami
Newspaper Summary - Financial Express - 27th September
1)THE INDIAN ECONOMY IS OVER HEATING:-
With foreign investors having bought stocks worth more than $ 16 BN already this year, its not surprising that the sensex is back at Rs. 20,000. The Global Head of Macro and investment Strategy Mr. Philip Poole, at HSBC Global Assets Management tells Shobhana Subramanian about the over heating of Indian Economy. He believes that the GDP rate of India increasing consistently. He said that the Indian market is very developing market and the number of MNCs are investing the money in India.
2)PORT TRUSTS FREE TO LEASE SURPLUS LAND FOR REALTY:-
Government has decided to lease almost 50,000 acres of surplus lands which are in the coastal cities like Mumbai, Kolkata and Kochi. The whole process of leasing the land to real estate companies by bidding and after that the company will decide what they want to do with this land. And in this kind of auction the main role played by the shipping ministry and it will be transparent and based on the all the rules and regulations.The shipping ministry has given in-principle approval to 12 major ports to lease surplus land to real estate companies for residential property development .The shipping ministry has permitted the cochin port trust to lease land to developers for 60 years.
The price expected by the government in mumbai is Rs.500 crore and kolkata it is Rs.50 crore respected to same area because there are lots of price fluctuation varying on cities to cities.
3)JAPAN EYES IMPACT OF PRICING YEN ON ECONOMY,TO EASE POLICY IF REQUIRED:-
The Governor of Bank Of Japan,Masaaki shirakawa said that Japan will ease monetary policy appropriately if necessary. He said that the Japanese Central Bank had done the most aggressive easing in the world when looking at the size of its balance sheet in comparison with gross domestic product.He also said that they are watching how the yen's current gain affects the japanese economy. Shirakawa also defended the banks current policy frame work describing it as advanced and flexible.
4) INFLOWS INTO ETFs PUMP UP EQUITIES:-
Negative flows into non-ETFs(exchange traded funds)indicate that it is hedge funds rather than retail investors who are behind the buying.This time ETFs shows that large amount of inflows of $18bn more than reversing the $11bn of outflows over the previous last four weeks.There was a big shift towards utilities and telecoms in August,the sectors with the highest dividend yields,at the expense of industrial and technology.
5) NALCO KEEN TO DEVELOP IPPs WITH ORISSA PSUs.
National Aluminium Company LTD has mentioned to develop independent power plants in ORISSA in partnership with orissa thermal power corporation(OTPC), orissa mining corporation(OMC) and orissa hydropwer corporation(OHPC).OMC is proposing to set a 1,320 MW(2*660 MW)thermal power plant with an investment of RS 6,120 Crore. NALCO has offered to partner OMC and express interest to set up the power plant.The Chief Minister assured the NALCO CMDthat the state will consider the proposals for partnership between the central PSU(Public Sector Unit) and The state PSUs.
6)In 2009-10, coffee exports up 50%. As per the latest statistics available with the Coffee Board, exports climbed up 53% to 2.65 lakh tonnes in the current coffee year from 1.74 lakh tonnes recorded in the previous year.
Group 1
Section- I
Abijit Das
Abhishek Dudani
Abhi Garg
With foreign investors having bought stocks worth more than $ 16 BN already this year, its not surprising that the sensex is back at Rs. 20,000. The Global Head of Macro and investment Strategy Mr. Philip Poole, at HSBC Global Assets Management tells Shobhana Subramanian about the over heating of Indian Economy. He believes that the GDP rate of India increasing consistently. He said that the Indian market is very developing market and the number of MNCs are investing the money in India.
2)PORT TRUSTS FREE TO LEASE SURPLUS LAND FOR REALTY:-
Government has decided to lease almost 50,000 acres of surplus lands which are in the coastal cities like Mumbai, Kolkata and Kochi. The whole process of leasing the land to real estate companies by bidding and after that the company will decide what they want to do with this land. And in this kind of auction the main role played by the shipping ministry and it will be transparent and based on the all the rules and regulations.The shipping ministry has given in-principle approval to 12 major ports to lease surplus land to real estate companies for residential property development .The shipping ministry has permitted the cochin port trust to lease land to developers for 60 years.
The price expected by the government in mumbai is Rs.500 crore and kolkata it is Rs.50 crore respected to same area because there are lots of price fluctuation varying on cities to cities.
3)JAPAN EYES IMPACT OF PRICING YEN ON ECONOMY,TO EASE POLICY IF REQUIRED:-
The Governor of Bank Of Japan,Masaaki shirakawa said that Japan will ease monetary policy appropriately if necessary. He said that the Japanese Central Bank had done the most aggressive easing in the world when looking at the size of its balance sheet in comparison with gross domestic product.He also said that they are watching how the yen's current gain affects the japanese economy. Shirakawa also defended the banks current policy frame work describing it as advanced and flexible.
4) INFLOWS INTO ETFs PUMP UP EQUITIES:-
Negative flows into non-ETFs(exchange traded funds)indicate that it is hedge funds rather than retail investors who are behind the buying.This time ETFs shows that large amount of inflows of $18bn more than reversing the $11bn of outflows over the previous last four weeks.There was a big shift towards utilities and telecoms in August,the sectors with the highest dividend yields,at the expense of industrial and technology.
5) NALCO KEEN TO DEVELOP IPPs WITH ORISSA PSUs.
National Aluminium Company LTD has mentioned to develop independent power plants in ORISSA in partnership with orissa thermal power corporation(OTPC), orissa mining corporation(OMC) and orissa hydropwer corporation(OHPC).OMC is proposing to set a 1,320 MW(2*660 MW)thermal power plant with an investment of RS 6,120 Crore. NALCO has offered to partner OMC and express interest to set up the power plant.The Chief Minister assured the NALCO CMDthat the state will consider the proposals for partnership between the central PSU(Public Sector Unit) and The state PSUs.
6)In 2009-10, coffee exports up 50%. As per the latest statistics available with the Coffee Board, exports climbed up 53% to 2.65 lakh tonnes in the current coffee year from 1.74 lakh tonnes recorded in the previous year.
Group 1
Section- I
Abijit Das
Abhishek Dudani
Abhi Garg
Newspaper Summary - Business Standard - 27th September
SENSEX-20,045
NIFTY -6,018
DOWJONES-10,860
NASDAQ-2381
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.
THANK YOU
REGARDS
GROUP-1
SEC-G
ABHAY KR MISHRA
AAKRITI
ABHINAY
NIFTY -6,018
DOWJONES-10,860
NASDAQ-2381
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.
THANK YOU
REGARDS
GROUP-1
SEC-G
ABHAY KR MISHRA
AAKRITI
ABHINAY
Newspaper Summary - The Mint - 27th September
1. RIL plans Rs 40000 Crore in investment
• The Investment is a part of petrochemical project in Jamnagar as part of expansion drive called J3 which denotes the 3rd phase of expansion of the complex.
• The investment is divided as
1. Rs. 16000 Crore to set up a cracker unit as part of petrochemical project.
2. Rs. 15000 Crore in coke gasification plant to fuel power plants in the complex.
3. Rs.6850 Crore on plant to produce Paraxylene used in fibre and agricultural and personal care products
4. Rs. 4000 Crore for support & Ancillary project which includes Crude Distillation Unit (CDU)
That would use crude from Cairn India Ltd.
• Investments till now :-
Rs.1 Trillion dollars in Hazira ,Vadodra ,Jamnagar facilities.
• The refineries have 1.24 million barrels perday of crude processing capacity which is about 2% of global capacity and 1/3rd of India's capacity.
• Further Plans :-
Exploring various plans at Jamnagar including setting up of 2000MW power plant.
The planned investment is in the direction of realizing Ambani's ambition of doubling the enterprise value of the firm to Rs.7.4 trillion in less than 10 years.
2. Hyderabad airport seeks hike in levies to turn profitable faster
• Built by GMR group at a cost of Rs.2920 Crore.
• Planning to increase User Development Fee (UDF) from Rs. 340 to Rs.500 for Domestic Passenger, Rs.907 to Rs. 2825 for international passengers.
3. SBI overhauls IT operations to meet demand
• To cope up with an increasing number of electronic transactions
• Shifting data center from Belapur in Navi Mumbai to larger facility in Pune
• data recovery center from Chennai to one state.
• Trying to install router to handle multiple transaction in large numbers.
• Trying to put up 4000 more ATMS this year.
4. 3G auction drives expectation of mobile gaming firms
• PWC expects India will have 100 million 3G users by 2015 and mobile gaming industry is going to increase from 541 Crore to 1000 Crore in 2012 & to 3000 Crore by 2014.
• UTV software communications limited in tie up with BSNL has invested 341.25 Crore and are offering 250 games.
5. AMFI wants KYD norms for distributors
• The Association of Mutual Funds of India(Amfi), MF trade bodies, has now come up with know your distributors(KYD) norms for agents. Under the new norms all MF agents will need to register themselves again with MF's under the new format if they wish to continue to sell funds.
• As per the new norms, all agents will need to go personally so that their fingerprints would be recorded and they have to submit their permanent account number (PAN) card along with an address proof in the form of either a ration card, passport, bank account statement, voter identity card, electricity bill and so on.
• Existing agents are given the time till February 2011 to comply with the KYD norms.
6. Sun Pharma's investors will focus on its core business
• Sun Pharmaceutical Industries Ltd is splitting its Rs.5 face value shares into Rs.1 face value shares.
• Liquidity improves as there are more shares in circulation. Sun's share price has also reached the Rs.1,900 level and a split will lead to a lower share price, which does have a psychological effect.
• Sun's biggest win in fiscal 2011 is resolution of the Tero dispute, now it owns 53% of Tero's equity and 69% of its voting rights.
• Sun's share price rose by only 1.7% n 24 September, when the stock split was announced.
7. Tough Basel III regulations may hit Swiss banks
• Domestic regulations could dent Swiss banks competitiveness by setting prohibitive hurdles compared to those faced by other major international banks.
• International regulators this month agreed on tougher “Basel III” capital requirements for banks to protect against financial crises.
• Banks readily highlight the importance of financial services for the Swiss economy -about 12% of GDP, 200000 employees and 15% of national tax revenue. Overall banking assets are valued at eight times Switzerland's GDP.
Submitted By :-
Abhinav Kaul
Abhishek Singh
Aditya Garg
Section “H”
• The Investment is a part of petrochemical project in Jamnagar as part of expansion drive called J3 which denotes the 3rd phase of expansion of the complex.
• The investment is divided as
1. Rs. 16000 Crore to set up a cracker unit as part of petrochemical project.
2. Rs. 15000 Crore in coke gasification plant to fuel power plants in the complex.
3. Rs.6850 Crore on plant to produce Paraxylene used in fibre and agricultural and personal care products
4. Rs. 4000 Crore for support & Ancillary project which includes Crude Distillation Unit (CDU)
That would use crude from Cairn India Ltd.
• Investments till now :-
Rs.1 Trillion dollars in Hazira ,Vadodra ,Jamnagar facilities.
• The refineries have 1.24 million barrels perday of crude processing capacity which is about 2% of global capacity and 1/3rd of India's capacity.
• Further Plans :-
Exploring various plans at Jamnagar including setting up of 2000MW power plant.
The planned investment is in the direction of realizing Ambani's ambition of doubling the enterprise value of the firm to Rs.7.4 trillion in less than 10 years.
2. Hyderabad airport seeks hike in levies to turn profitable faster
• Built by GMR group at a cost of Rs.2920 Crore.
• Planning to increase User Development Fee (UDF) from Rs. 340 to Rs.500 for Domestic Passenger, Rs.907 to Rs. 2825 for international passengers.
3. SBI overhauls IT operations to meet demand
• To cope up with an increasing number of electronic transactions
• Shifting data center from Belapur in Navi Mumbai to larger facility in Pune
• data recovery center from Chennai to one state.
• Trying to install router to handle multiple transaction in large numbers.
• Trying to put up 4000 more ATMS this year.
4. 3G auction drives expectation of mobile gaming firms
• PWC expects India will have 100 million 3G users by 2015 and mobile gaming industry is going to increase from 541 Crore to 1000 Crore in 2012 & to 3000 Crore by 2014.
• UTV software communications limited in tie up with BSNL has invested 341.25 Crore and are offering 250 games.
5. AMFI wants KYD norms for distributors
• The Association of Mutual Funds of India(Amfi), MF trade bodies, has now come up with know your distributors(KYD) norms for agents. Under the new norms all MF agents will need to register themselves again with MF's under the new format if they wish to continue to sell funds.
• As per the new norms, all agents will need to go personally so that their fingerprints would be recorded and they have to submit their permanent account number (PAN) card along with an address proof in the form of either a ration card, passport, bank account statement, voter identity card, electricity bill and so on.
• Existing agents are given the time till February 2011 to comply with the KYD norms.
6. Sun Pharma's investors will focus on its core business
• Sun Pharmaceutical Industries Ltd is splitting its Rs.5 face value shares into Rs.1 face value shares.
• Liquidity improves as there are more shares in circulation. Sun's share price has also reached the Rs.1,900 level and a split will lead to a lower share price, which does have a psychological effect.
• Sun's biggest win in fiscal 2011 is resolution of the Tero dispute, now it owns 53% of Tero's equity and 69% of its voting rights.
• Sun's share price rose by only 1.7% n 24 September, when the stock split was announced.
7. Tough Basel III regulations may hit Swiss banks
• Domestic regulations could dent Swiss banks competitiveness by setting prohibitive hurdles compared to those faced by other major international banks.
• International regulators this month agreed on tougher “Basel III” capital requirements for banks to protect against financial crises.
• Banks readily highlight the importance of financial services for the Swiss economy -about 12% of GDP, 200000 employees and 15% of national tax revenue. Overall banking assets are valued at eight times Switzerland's GDP.
Submitted By :-
Abhinav Kaul
Abhishek Singh
Aditya Garg
Section “H”
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