18th October - BUSINESS STANDARD

MAMTA DHAND
MANIK SINGH
MANU PANWAR
SECTION G

LIFE INSURANCE MAY INVEST 4K CR COAL INDIA
IPO:
-India's largest ever,which opens on Monday.
Analysts say the issue may be subscribed 15 times ,given the high interest shown by FIIs.
Birla sun life to buy coal India shares in secondary market if it doesn't get enough from IPO.
RUSH AMONG THE STAFF TO OPEN DMAT ACCOUNTS:
Workers at south eastern Coalfeilds ltd in Chhattisgarh are scrambling
for a piece of the coal India IPO.
NO DEFENCE AGREEMENTS DURING OBAMA'S VISIT:
regarding the IAF'S first C-130 super Hercules of US made in Lockheed Martin in the US.
Defence minster A k Antony told that they are not going to may agreement on this note during the visit of Obama.
COMPANIES:
UPSTREAM OIL FIRMS GAIN FROM RETAIL PRICE RISES:
fuel price rise in june brings down subsidy burden by 45% .
while the OMCs purchase crude oil at internationally bench marked prices,the sale prices of products such as diesel,kerosene and LPG are not maintained in line with international prices. This causes a revenue loss for the companies.
REC TO ISSUE ZERO-COUPON, INFRA BONDS:
the company plans to issue 10year deep discount bonds, also known as
zero-coupon bonds,in the last quarter of 2010-11.The face value of
these will be 3,000-4000 crore.
COMPANIES FREE TO SOURCE EQUIPMENT FROM ANYWHERE:
Union power minster SUSHIL KUMAR SHINDEY, speaks on the
import of Chinese power equipment and other current issues.
POLITICS AND PUBLIC AFFAIRS
LANKA MULLS WITHDRAWAL OF VISA-ON-
ARRIVAL FOR INDIANS.
KALMADI HITS BACK AT SHEILA:OC WON'T BE
SCAPEGOAT NOW, LOOK AT YOUR OWN DEPTS.
BJP BY SIDE 'NITISH RETURNS PM'S BARB ON
CENTRAL FUNDS.
JAITLEY ,NITISH DARE PM FOR DEBATE ON
CENTRAL FUNDS.
HINDU TERROR TALK DONE TO APPEASE
MUSLIMS:RSS CHIEF.
INTERNATIONAL:
BoE TO INCREASED AID PLAN BY 100 BILLION.
NEWS CORP,CABLEVISION TO RESUME TALKS.
TRICHET CALLS FOR 'MORE AMBITIOUS' RULES FOR DEFICIT BREAKERS.
MARKETS:
MARKET RECOVER SHARPLY
renewed buying interest in select it stocks coupled with recovery in larsen & toubro have helped the markets cut losses.
the sensex is now down just 70 points at 20,054.
among the sensex 30 stocks, tcs has surged nearly 3% to rs 977. ntpc and infosys have advanced over 1% each to rs 206 and rs 3,111, respectively.
INFRSTRUCTURE BONDS SALES A DIFFCULT TASK.
DIGITAL CONSUMER:
GOING WIRELESS, THE WIFI WAY!!
FACEBOOK ADDS 3 NEW SECURITY FEATURES.
NOKIA APPLIES CAPACITIVE TOUCH IN SMART PHONES.
ISSUES AND INSIGHTS:
CLASH OF CURRENCIES:
it is politically simpler for the US to blame China's exchange rate policy for its ever-increasing unemployment.
THE TALE OF OUR CITIES:
a Mckinsey report on urbanization is awake up call for India.
The Mckinsey report predicts dire consequences if planned urbanization is allowed to drift.
BUSINESS EDUCATION:
BACK TO PRE-SLOW DOWN DAYS :IITs SEE SURGE IN PLACEMENTS:
IIT-B expects 200 companies on campus this year.
IIT-B graduates have job openings in japan,UK,taiwan,US and UAE.
The best offer yet at IIT-kgp higher than last years best of 22lakh.
Last year ,lack of jobs made student opt for higher studies.
12.5% RISE IN SALARY OFFERS FOR IMT STUDENTS.
THE STRATEGIST:
GARN(I)ERING VOLUMES:
the turning point came when loreal reposition garnier ultra doux gave way to the bubbly garnier frutics n garnier synergie to garnier skin naturals. The prices were set at a slight premium over mass brands such as HUL ,LAKME or SUNSILK.
WOODLAND'S ECO DRIVES:
while currently 60% of Woodland's 300+ stores are located in metro's
and 40% in small cities it wants to change this to 40% in metro's and 60%
in smaller cities in the next few years.

18th October - BUSINESS STANDARD

Manveen Arneja
Md.Arshad khan
Mohita Agarwal

(Section - G)

LIFE INSURERS MAY INVEST RS 4K CRORE IN COAL INDIA IPO.
Life Insurance Companies are aiming to invest Rs 4000cr in Coal India ltd. Initial Public Offering(IPO)-India's largest ever IPO which will open today.These Insurance Companies look for a huge interest in this issue from a long term investment perspective.Of that estimated amount,it is believed that state owned LIC of India alone will pick up shares worth around Rs 3k Crore.The remaining 1k crore shares will be taken up by the private Insurance companies.
The Coal India IPO begins on 18th of October with an offering of 630 million shares with a face value of 10Rs each which amounts to Rs15,400 cr.The issue closes on 21st october.
UPSTREAM OIL FIRMS GAIN FROM RETAIL PRICE PRICES.
The subsidy burden on Oil & Natural Gas corporation(ONGC);Oil India limited(OIL) & GAIL Ltd. has been decreased by 45% in a single quarter which will enhance the financial performance of these Oil Companies.The decline in the subsidy burden of these companies will reflect positively on their bottom line.All these companies are expected to declare their quarterly results towards the end of october.Both ONGC & OIL had reported lower profits in the first quarter,due to higher subsidy burden.For ONGC the net profit of corresponding quarter for the previous was higher compared to the current year quarter.Thus increase in fuel price will act as an advantage for the upstream oil firms and will show its effect on the net profits in the second quarter.
15 MINUTES CALL AUCTION WINDOW FROM TODAY
Call auction sessions for Sensex & Nifty shares will last for 15 minutes from 9 am to 9:15am.According to Sebi circular issued the first eight minutes i.e. from 9am to 9:08am will be for order entry,modification & cancellation if any.The next four minutes i.e. 9:09am to 9:12am will include order matching & trade confirmation.The remaning three minutes will be to facilitate the transition from call auction to normal open session.
ONGC TO INVEST Rs8800 IN MUMBAI HIGH REDEVELOPMENT
ONGC will invest Rs8800 crore for redevelopment of the southern part of its Mumbai fields.They are planning to use a cost-effective technology to maintain output from the prime western offshore fields.The project will cost Rs8813.41 crore.In its production profile the field hit a peak of 400000 barrels per day before falling to current level of 210000,causing concerns.ONGC has initiated schemes and these schemes envisaged incremental gain of 18.31 million tonnes of oil and 2.70 billion cubic metres of gas through drilling of 75 new wells and intervention in existing wells.The work includes enhancement of Oil and Gas processing of capacity through installation of one process platform bridge connected to the existing ICP platform and installation of four new well head platform.
INDIA MOVES AT FULL THROTTLE.
· In recent weeks there have been concerns over the high level of foreign institutional inflows and their impact on the rupee.
· Foreign investment sensex incremented from 9,901.99 points in april 1,2009 to 20,069.12 points in September 30,2010.
· Overall increase in GDP growth from 6% in 2009-2010 to 8.8% in 2010-11.
NO DEFENCE AGREEMENT DURING OBAMA VISITS.
Next month i.e. November U.S. President Barack Obama will be visiting India and the officials who are looking after it are said to rule out the defence safeguard agreement that Washington has pressed for.A.K Antony during his visit to washington last month clearly stated that India would not sign the agreement which Washington calls the “foundation” for transferring high-tech communication equipments to India.Actually,this is a combined decision of Indian Military which A.K Antony has conveyed.According to Indian Airforce they don’t see any benefits out of it.
INFLATION AND APPRECIATION
There’s both good and bad news from the price front.The good news is that inflation seems to be stabilizing,with the september number only marginally higher than 8.5% in august.More importantly,manufacturing product inflation often described as crore inflation by economists,has continued its downward trend.From 6.4% percent in April,factory price inflation is down to 4.6% in september.A favourable base effect kicks in from november if food prices soften atad and manufacturing inflation sticks to the current path,inflation could end up around 5.5% by March 2011.
DOLLAR DECLINES FOR FIFTH WEEK.
· The dollar fell for the fifth week against the Euro.
· The US currency dropped this week to a 15 year low against the Yen and fell to parity with the Australian and Canadian dollars before next week’s fed report on regional economies.
8 OF TOP 10 FIRMS LOST Rs. 29K CR IN M-CAP LAST WEEK.
· The combined market capitalization(m-cap) of 8 of the coutry’s top 10 companies declined by Rs. 29,221.44 crore in the past week.
· State runned NTPC beared the highest loss with a wealth erosion of Rs. 8,946.33 crore.
· Reliance industries ruled the chart though t lost Rs. 2,405 crore from its m-cap.
INDIAN ADR’s ADD $1.76 BILLION IN A WEEK
Led by It major wipro ,Indian Stocks trading on American bourses added $1.76 billion to their market valuation last week.
Indian entities listed on the New York Stock Exchange and Nasdaq added dollar 1.76 billion to the market capitalization.
Tata motors & Pharma major Dr. Reddy laboratories surged by dollar 211 million & 174 million respectively.

18th October - THE MINT

Arama Ipsita Swain
Atish Kumar Sahani
Azher Ali

Section - H

2G Auction:
Multiple violation by DoT,says CAG:
§ Five new companies which got 2G licences were eligible to operate in telecom sector.
§ 77 out of 122 licences allocated in January 2008 are invalid.
§ Allocating spectrum in January 2008 at 2001 price not justifiable.
§ First-come-first served basis not transparent and did not have cabinet approval.
§ Firms had prior information on 2G policy which enabled them to arrange demand drafts in advance.
§ DoT has secured legal opinion that says CAG has no jurisdiction on policy as well as matters that come under CVC purview.
Banking sector:
RBI on rupee vigil as foreign funds line up dollars for Coal India IPO:
§ RBI may intervene to support the dollar and prevent a sharper rise in the rupee.
§ Rupee could rise to 43.20 per dollar in the first three trading days next week.
§ In 2010, foreign funds have invested $23.18 billion in Indian stocks.
§ The rupee may trade below 44 per dollar.
Climate change
Apec nations to boost agricultural output:
§ The 21 member countries of Apec also called for “responsible” agricultural investment as rising acquisition.
§ Phillip J. Glyde, deputy secretary, department of agriculture fisheries told a news conference that , “climate change will affect agricultural products a lot around the world in the foreseeable future.
§ He also said that, “Australia enjoyed a good harvest this year , but the real challenge will be in next 20,30 or 50 years when there will be less water.
Markets:
§ Post offices to sell insurance products along with IRDA.
§ Pre-open trade for 15 minutes to start from today in NSE and BSE.
§ According to CII survey the economy will grow by 8% in financial year 2011.
§ The government has projected GDP growth of 8.5-8.75 % this fiscal ,while RBI estimated it to be 8.5%.
§ Maruti Suzuki plans to introduce multipurpose vehicle model to increase its market share.
Corporate news:
Growing Stake - FII holding In BSE 500 Stocks highest in 5 years:

§ Stock Exchange 500 stocks to their highest level in five years
§ Analysts believe that India, which grew by 8.8% in the first quarter, is the third fastest growing economy in the world after Brazil and China.
§ Over two-thirds of the 33 Nifty firms saw their Foreign Institutional Investor (FII) holding go up in the September quarter by the average of 1% over the previous quarter
§ Foreign Investors have bought $23.1 billion of stock this year, upping their holding in BSE 500 firms to 14.52%.
Education:
IIMs should evolve like corporate entities:panel
§ The committee headed by R.C. Bhargaba ,submitted its report last week to HRD ministry proposing changes to how IIMs are managed and financed.
§ Government plans to bring in a law allowing foreign universities to set up branches and issue their own degrees in India.Private investment in management schools is growing rapidly.

18th October - THE MINT

Manish Tanwa

Manoj Sharma

Maryrin Woleng

Group - 12 (Section - H)

AN INTERVIEW WITH PRANAB MUKHERJEE (FINANCE MINISTER)
In an interview, with Pranab Mukherjee, he spoke about his family's traditional Puja celebrations, and his hopes of bringing down inflation and breaking the double-digit economic growth barrier.
Ø Interviewer: Tell us something about the 115yearold tradition?
When this Puja was introduced about 115 years ago by my grandfather, he did not make it mandatory. “My grandfather did it, my father did it. After my father my elder brother did it.
My father was the only son of his parents. After the death of my elder brother in 1983, my father told me that “if you can do it, you try to do it“. It is not that he said that you will have to do it. It is not mandatory. So I thought that let me maintain the family tradition. That is the compulsion which brings me here every year.
Ø We are about a fortnight from Diwali, and as we move into the New Year, what are your aspirations, hopes and vision as finance minister?

As finance minister, my ambition is I must have some check on the prices right now, which is a matter of concern, particularly of the daily commodities. I must break the double-digit barrier, barrier to double-digit growth. So, my goal is to break the barrier of double- digit GDP (gross domestic product) growth, to contain prices, particularly of the food items and essential commodities, at a moderate level and to fulfil the tax reform exercises which we have begun.
Ø Do you think Indians have reacted with maturity to the Ayodhya verdict?

The initial reaction and response has shown the maturity. There are certain angles which will have to be looked into. But this judgment is not the final say in this matter because there is scope of making appeal to the higher court. So it is better to wait till the highest court gives its verdict.
Ø What are your hopes from people on both sides of the divide?
I think it will be better to accept the situation. If there can be an acceptable solution to both sides that is the best. But if it fails, then the court judgment has to be accepted.
ANOTHERGLOBELBREAKDOWN
All wars inflict collateral damage, so there is good reason for the rest of the world to watch the currency war between the US and China with trepidation. The two countries are gunning for eachother because an earlier economic arrangement between them shows signs of crumbling. China sold cheap goods to US consumers.The dollars the Chinese earned through exports wererecycled back into the US financial system. This money was eventually lent to indebted US consumers
China could keep growing its economy despite weak domestic demand.The interests of the US and China are no longer well aligned as far as currency policy goes. China wants to keep its export engine purring while the US has now developed a renewed interest in exports to drive growth.
Enter the currency war, with both the US and China trying to keep their respective currencies down. China continues to intervene in the foreign exchange market, buying dollars to prevent dollar decline. The US seems ready to print more money to debase its currency: a larger supply of anything usually reduces its price.
The US Federal Reserve is expected to decide in November for a second round of quantitative easing of at least $600 billion. China has increased its foreign exchange reserves by a re- cord $195 billion in the third quarter. A research firm Capital Economics, estimates that $108 billion of these additions came from outright foreign exchange purchases with the rest being accounted for by interest earned on existing holdings and foreign exchange fluctuations.

FINANCIAL INCLUSION FOR FIRMS: HASEEB A DRABU
If personal financial inclusion has to graduate from being a personal finance product to a self-sustaining process, it will have to be accompanied by financial inclusion for small- and medium- enterprises (SMEs).
And for that, it is not enough to stimulate regulated lending to or set up a distribution network for SMEs. SMEs will get access to effective finance only when SME lending is part of a larger financing system that comprises different types and tenors of lending, an SME-focused policymaker, an SME-focused bank, a credit guarantee mechanism, provisions for venture capital firms, and much else.
The new national financial architecture must reflect the capacity for and stage of development in India's financial markets, for instance, the mechanisms of providing loans, giving credit guarantees or infusing equity capital into SMEs.
The starting point has to be the recognition that almost half of the total manufacturing output in the economy is originating from a segment that is, first, spatially dispersed; second, operating on a small scale ; third, sectorally diverse with high credit risk; and, last, with no credit history..The listing agreement permits migration from an SME exchange to a main exchange (such as the Bombay Stock Exchange).

GROWING STAKE - FII HOLDING IN BSE 500 STOCKS HIGHEST IN 5 YEARS
Ø Stock Exchange 500 stocks to their highest level in five years
Ø Analysts believe that India, which grew by 8.8% in the first quarter, is the third fastest growing economy in the world after Brazil and China.
Ø Over two-thirds of the 33 Nifty firms saw their Foreign Institutional Investor (FII) holding go up in the September quarter by the average of 1% over the previous quarter
Ø Foreign Investors have bought $23.1 billion of stock this year, upping their holding in BSE 500 firms to 14.52%


MARUTIEYES-FAST GROWING MPV SEGMENT
Ø Maruti Suzuki India Ltd, plans to introduce a new multi- purpose vehicle(MPV) model to increase its market share in rapidly growing segment
Ø Maruti has increased from 42 models in 2002-03 to 104 models in 2009-10
Ø An expert said growth in the MPV segment looks good for the next 12 months
Ø Maruti may launch RIII, a compact multi-purpose vehicle, by the end of 2011

MUTIPLE VIOLETION BY DOT, SAYS CAG
Ø Five new companies which get 2G license were ineligible to operate in telecom sector
Ø 77 out of 122 license allocated in January 08 are in void
Ø Allocation spectrum in January 2008 at 2001 price not justifies
Ø First come first served basis not transport and did cabinet approach
Ø Firms had paid prior information on 2G policy which enable them to arrange demand draft in advance


IIM SHOULD EVOLVE LIKE CORPORATE ENTITIS
Ø Today IIM top business school in India and in future it improve his function and academic to comparison with foreign business school
Ø The foreign business school wants to open branches and universities and they have work with Indian partner USA alsothe Maruti Suzuki India chairman R C Bhargavsubmitted its report and say to HRD ministryand wants to change in managedand finance in IIM
Ø IIM should have corporate entities and according in India IIM also help in rural management agriculture and otherissues who is affecting the country
Ø The Bharagav committee who is include director of IIM Kolkata, Bangalore and Kozhikode have given the statement private investment management is growingand the ministry of HRD know attractingsign direction investment in education

18th October - FINANCIAL EXPRESS

Manish Dubey
Manmeet Kaur
Section- I

STRICTER LAW TO LET CONSUMERS TAKE MANUFACTURERS TO COURT
National Consumer Production Court Authority to be set up
The government is creating a new law to amplify consumer rights. The idea is to empower consumers to sue manufacturers and service providers to dupe them by the conceiving information.
The new system is the brainchild of the consumer affairs, food and public distribution ministery. It will work on the US Federal Trade Commission(FTC).
The Consumer Protection (Ammendment) Bill will replace the Consumer Protection Act , 1956 which will help in faster disposal of the consumer cases.
There are 35 state consumer disputes redressal commissions and 610 district consumer forums in the country. There is 1 National Consumer Disputes redressal commission at the apex level. About 29000 cases were filed in these forums up to 2008.
PETROL DEREGULATION HELPS HALVE OMC's LOSSES IN Q2
Petrol price deregulation in June and a moderate fall in crude oil price since the beginning of the fiscal have helped fuel retailers to reduce their losses from selling products below cost in the second quarter of the fiscal by a nearly half,compared with the first quarter.
These under recovery losses of the firms IOC, HPCL and BPCL have fallen to about Rs. 11,000 crore in quarter ending September 2010, from the Rs.20,072 crore recorded in Q1.
The government on June 25, freed the pricing of petrol from its administrative control. It also hike the price of diesel Rs. 2 a liter, that of kerosene by Rs. 3/ litre and the price of LPG was upped Rs.3 per cylinder.
Petrol prices are deregulated now.
GOVT MULLS COMMON RATING SYSTEM ACROSS ALL PLATFORMS\
I & B(Information and Broadcasting) keen on tech-neutral measurement for mobile, DTH, IPTV & radio
Government is bringing a new common rating system for measuring the ratings across media platforms including mobiles, DTH, IPTV and radio and other future technologies.
The ministry is looking to put in place policy guidelines for the delivery of multimedia services through the wireless platform under the 3G mobile technology.
The I & B ministry will invite the stakeholders from the various industries including broadcasting, films, telecom, research agencies and others to work out an all-inclusive audience measurement solution.
Finally, in order to give a big push to the film industry I&B ministry converting Sri Fort Auditorium into a national film auditorium will look at ways and means to promote India as the soft power in the world through the films and broadcasting.
LALIT MODI LIKELY TO BE BOOKED BY ED(ENFORCEMENT DIRECTRATE) UNDER ANTI-MONEY LAUNDERING ACT
The FIR filed by BCCI secretary N Srinivasan against Modi under the Foreign Exchange Management Act(FEMA) for alleged misappropriation of funds to tune of Rs 470 crore.
The directorate had earlier also issued a blue notice against Modi for alleged “serious contraventions” of the foreign exchange law.
SENSEX IS 3 TIMES MORE VOLATILE IN FIRST 15 MINS
New call auction mechanism from today likely to tame volatility
According to Bloomberg data, around 9-9.15 am, the Sensex moves on an average by 0.17% every 15-20 seconds, as compared to 0.06% during the rest of the trading session.
From a hundred point gain, it is not uncommon to find Sensex sleeping into the red over the next few seconds. To do away with such fluctuations during the initial trading period, a call auction mechanism is being introduced on the NSE and BSE from October 18. this is expected to attract more institutional participation during the opening session and aid in better price discovery.
This price recovery system is already prevelant in major overseas stock exchange like Nasdaq, NYSE, LSE, Duetsche Bourse, Hong Kong and the Australian Stock Exchange.