derrick 12th edition
TRANSCRIPT
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2011-12 GOOD FOR SINO-INDIA TIES
The 'Year of the Rabbit' bodes well for Sino-India
ties and 2011 will witness a series of events to
enhance political, business and people-to-people
relations, Chinese Ambassador to India Zhang Yan
has said
"I am very optimistic about China-India relations
this year, the Year of the Rabbit," Zhang said at an
event here yesterday to mark the Lantern Festival,
last day of the Chinese New Year.
"Chinese Premier Wen Jiabao's successful visit to
India in December has set the stage for enhanced
ties between our two nations," he said
"I am sure that the Year of the Rabbit will bring more prosperity and development for the
people of the countries," Zhang said without referring to the differences between them.
In the Chinese zodiac, the rabbit is fourth in a cycle of 12 animals that represent each
Chinese New Year, with the Year of the Rabbit falling between February 3, 2011 to
January 22, 2012.
The rabbit, occupying the fourth position in the Chinese zodiac, symbolises happiness
and good fortune, he noted.
Zhang said China will invite 500 Indian youth to visit the country this year to enhance the
people-to-people understanding. More exchanges will also be organised between various
sectors of the society, including political parities and journalists, he said.
China will also hold a Sichuan-India Week in April which will showcase the fast-
developing western Chinese province to the Indian people.
Sichuan cuisine is already popular in India. "It will be another opportunity to bring the
peoples of China and India together," he said.
At the Lantern Festival event, Unity International, a non-profit organisation, released a
special supplement on Tibet after a five-member delegation from the group, visited the
remote Himalayan region in September last year.
"Very few people have written about Tibet, dismissing it as a sparsely populated region
with inhospitable conditions. However, during our visit, we found that life in Tibet was not
drab at all," R N Anil, Secretary General of Unity International, who led the delegation,
Try not to become
man of success
ut a man of
alue.
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said.
"Tibet is on the threshold of an important moment of transformation," he said, adding that the delegation saw
eye- catching socio-economic growth in the region, which is one of the world's most inhospitable area.
THE DERRICK
CORPORATE WATCH
NOKIA, MICROSOFT IN SMARTPHONE PARTNERSHIP
Nokia and Microsoft have joined hands to take on Google and Apple in the fast-growing smartphone market asthe Finnish cellphone maker try to regain its leading position in the sector.
Nokia would use Windows Phone as the software platform for its smartphones. Microsoft's Windows Phoneplatform is widely recognized by industry experts as a leading edge technology but has not yet gained successamong consumers.
Nokia has rapidly lost share in the higher-margin smartphone market to the likes of Apple's iPhone, and
products based on Google's Android platform.
Chairman Jorma Ollila brought in Elop from Microsoft last September. The 47-year-old is the first non-Finn tohead the company.
For Nokia, 2011 and 2012 would be transition years for the company as it built up the partnership withMicrosoft.
Nokia said in a statement it would stick with its current management team, with only one senior executive toleave. There had been speculation of a wider cull at the company.
SBI UPS RATES BY 25 BPS
The country's largest lender State Bank of India hiked lending and depositrates on select maturities by 0.25 percentage points in response to policy ratehike announced by Reserve Bank last month.
SBI revised the base rate or the minimum lending rate 0.25 percentage pointsto 8.25%.
With the increase in base rate, all kinds of loans excluding housing and autoloans would be dearer by at least 25 bps (0.25%).
Also, SBI Benchmark Prime Lending Rate (BPLR) for the existing customershas been increased by 25 bps to 13%.
Besides, the bank has also increased fixed deposit rates on two select maturities by 25bps.
Both 555 days and 1,000 days fixed deposits would attract 9.25% from existing 9%. The new rates would beeffective from February 14.
Banks have been raising interest rates following a 0.25 percentage point hike in short-term lending (repo) andborrowing (reverse repo) rates announced by the Reserve Bank in its third quarterly review of monetary policylast month.
More than a dozen banks including Punjab National Bank, Bank of Baroda, Union Bank of India and IndianOverseas Bank has already revised interest rates since the third quarterly review of the monetary policy on
January 25.
The higher deposit rates would provide better returns to savers; rise in lending rate would increase the EMIs
for auto and home loan borrowers. Besides, corporate loans too would become expensive.
http://timesofindia.indiatimes.com/topic/search?q=Nokiahttp://timesofindia.indiatimes.com/topic/search?q=Microsofthttp://timesofindia.indiatimes.com/topic/search?q=Googlehttp://timesofindia.indiatimes.com/topic/search?q=Applehttp://timesofindia.indiatimes.com/topic/search?q=Windows%20Phonehttp://timesofindia.indiatimes.com/topic/Androidhttp://timesofindia.indiatimes.com/topic/Jorma-Ollilahttp://www.moneycontrol.com/india/stockpricequote/banks-public-sector/state-bankindia/SBIhttp://www.moneycontrol.com/india/stockpricequote/banks-public-sector/state-bankindia/SBIhttp://timesofindia.indiatimes.com/topic/Jorma-Ollilahttp://timesofindia.indiatimes.com/topic/Androidhttp://timesofindia.indiatimes.com/topic/search?q=Windows%20Phonehttp://timesofindia.indiatimes.com/topic/search?q=Applehttp://timesofindia.indiatimes.com/topic/search?q=Googlehttp://timesofindia.indiatimes.com/topic/search?q=Microsofthttp://timesofindia.indiatimes.com/topic/search?q=Nokia -
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BANK OF ENGLAND MAINTAINS AID AS INFLATION ACCELERATES
The Bank of England kept up emergency stimulus as officials tolerated the prospect of inflation accelerating toa two-year high to nurture Britains economic recovery.The Monetary Policy Committee, led by Governor Mervyn King, left the benchmark interest rate at a record lowof 0.5 percent, as forecast by all 62 economists in a Bloomberg News survey. They also left their bondprogram at 200 billion pounds ($321 billion), as predicted by all 38 economists in a separate poll.The bank may hold fire until later this year, when it will have official data showing the extent of the economysrebound from a fourth-quarter contraction. Former policy makers DeAnne Julius and Kate Barker said thebanks stance has damaged its credibility and investors have increased bets that officials will raise the rate byJune to stem inflation.
The weakness of the fourth quarter was probably temporary and for the bank its a question of when to raiserates, not if, said Alan Clarke, an economist at BNP Paribas in London. Were at a super-emergency level ofrates and the emergency has gone away. Were forecasting the first increase in August but there are risks itcould come sooner.The pound was little changed against the dollar after the decision. It traded at $1.6058 as of 12:34 p.m. inLondon, from $1.6102 yesterday. The two-year note stayed higher, with the yield down 2 basis points to 1.520percent.
FACE BOOK OPENS OFFICE IN HONG KONG
The social-networking website Face book Inc has quietly opened an office in
Hong Kong despite being banned in mainland China, a news report saidWednesday.
The new Hong Kong office in an undisclosed location followed the openingof offices in India and Singapore in 2010 and is part of Facebook's Asiaexpansion, the South China Morning Post reported.
Face book, which has more than 600 million users worldwide, is blocked in mainland China but is popular inthe former British colony of Hong Kong, which has freedom denied to people elsewhere in China.
"We're growing all over the world, and the Asia region is a big, big part of that," Face books vice president andcommercial director for the Asia-Pacific, Blake Chandlee, was quoted by the newspaper as saying.
He declined to say whether Face book would seek to have its ban on mainland China lifted, a subjectspeculated about since a visit to Beijing in December by chief executive Mark Zuckerberg.
"We always want all users around the world to have access to Face book," Chandlee said. "In some places,they do, some places they don't, whether it be temporary or permanently."
A Face book spokesman declined to say how many staff would work in the Hong Kong office, which openedTuesday, or even where it was located, the Post said.
STRUGGLING NOKIA PLANS 'SUBSTANTIAL' JOBS CUTSStruggling Finnish phone maker Nokia Nokia plans to significantly cut jobs as it transitions to a new strategy
involving a partnership with software giant Microsoft. Nokia is facing severe competition from the mobilecompanies like, Apple, Android, Symbian. All these companies caters to the different segments of customersand are growing with a fast rate. The market share of Nokia has been reduced very badlt in the recent years. Apple's market share in the $300+ price range is 61 percent. Nokia is facing very tough compettion from apple.So it has to make some decision to bring its cost down and cutting the job would be the onlt best possibleoption available to nokia.
In October, the company announced 1,800 job cuts. The Finnish company said it had been in touch with thegovernment, which described Nokia's job cuts as a severe blow to the country's employment prospects and itsresearch and development ventures.Nokia had promised to be involved with the government in making thetransition as painless as possible.
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APPLE IS SAID TO WORK ON CHEAPER, SMALLER IPHONES
Apple Inc. is working on new versions of the iPhone that are aimed at slowing the advance of competinghandsets based onGoogle Inc.s Android software, according to people who have been briefed on the plans.One version would be cheaper and smaller than the most recent iPhone, said a person who has seen aprototype and asked not to be identified because the plans havent been made public. Apple also is developingtechnology that makes it easier to use the iPhone on multiple wireless networks, two people said.
Chief Executive Officer Steve Jobs, who remains involved in strategic decisions while on medical leave, would
use lower prices to widen the iPhones appeal and keep it from losing further ground to Android devices. Lessexpensive iPhones may also ratchet up pressure on Nokia Oyj, whose handsets are especially popularin Europe and some developing markets.Instead of targeting 25 percent of the global mobile- phone market, Apple would be going after 100 percent,said Charlie Wolf, an analyst at Needham & Co. in New York, who has a buy rating on Apple shares.
SONY Q3 PROFIT DROPS AS TVS ERASE GAMING GAINS
Japans Sony Corp posted a 5.9% fall in third-quarter profit on Thursday as a price war hit its TV unit and astronger yen weighed, and lowered its revenue forecast on slower-than-expected TV sales.
The consumer electronics giant, which competes with Samsung Electronics and LG Electronics in televisionsand Canon Inc and Nikon in digital cameras, has been struggling to keep pace with rivals in terms of profitsand products.
Since CEO Howard Stringer took the helm in 2005, the companys share price has fallen by a quarter andSony has failed to replicate its early successes with iconic products such as the Walkman and PlayStationgame console.
Sony reported an operating profit of 137.52 billion ($1.68 billion) versus 146.1 billion in the same period ayear earlier, beating an average quarterly estimate of 127 billion in a poll of eight analysts by ThomsonReuters I/B/E/S.
In this strong-yen environment we see this as a pretty healthy result, chief financial officer Masaru Kato toldreporters.
We are getting stronger, but we feel we are still only partway there, he added.
The maker of Vaio PCs and Bravia TVs left its full-year operating profit forecast unchanged at 200 billion,compared with a consensus estimate of 217 billion in a poll of 23 analysts by Thomson Reuters I/B/E/S.
It cut its annual revenue forecast by 3% to 7.2 trillion citing lower-than-expected sales in the consumer,professional and devices segment, which includes LCD TVs.
Operating income in that segment dropped by almost half in the third quarter, while profit more than doubled inthe network products and service division, which includes games, partly on brisk sales of the latest version ofGran Turismo motor racing game, Sony said.
It cut its forecast for sales of TVs in the full year to 31 March to 23 million units, down from its previous forecastof 25 million. But it kept its forecast for PS3 game console sales unchanged at 15 million units.
Shares in Sony have fallen 21% since a high reached on 23 March last year, largely reflecting the yens riseagainst the dollar and euro, which eats into offshore earnings.
In contrast, shares in Samsung hit an all-time high late last month on an expected rebound after hitting its
worst profit in six quarters.
The results came a week after Sony unveiled a new portable games device, the Next Generation Portable(NGP), aiming to compete with Nintendo Co Ltd and fend off competition from Apple Incs iPhone.
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The NGP, announced alongside a plan to make PlayStation games available on other makers Android-basedmobile devices, was generally well received, but analysts said its specifications would likely make it moreexpensive than Nintendos DS, potentially deterring some consumers.
Shares in Sony rose 0.7% ahead of the announcement, outperforming a 0.3% fall in the Nikkei average
BHEL INKS PACT WITH ABENGOA FOR SOLAR POWER PROJECTS
State-run power equipment-maker BHEL today said it has signed an agreement with Spain's Abengoa to set
up solar power projects in India. "BHEL and Abengoa of Spain have joined hands to develop state-of-the-art
solar power projects in India. The agreement was signed in Seville, Spain, by BHEL Chairman and Managing
Director B P Rao and Abengoa Solar Chairman and CEO Santiago Seage. Apart from the power sector, BHEL
also caters to other core sectors like industry, transportation, transmission, oil and gas, defence and renewable
energy. The company has a presence in over 70 countries around the globe.
THE DERRICK
ECONOMY WATCH
INDIA SHOULD CONTINUE ON REFORM PATH: GARY LOCKE
If India continues its walk down the path of reform,' ifit continues to become more open to the investmentsand innovations of foreign companies, it will stand amuch better chance of meeting the needs of itspeople and of helping to lead the global economy inthe 21st century, said U.S. Commerce Secretary Gary
Locke while addressing members of the Federation ofIndian Chambers of Commerce and Industry (FICCI)and the American Chamber of Commerce.
Mr. Locke, who returned to Mumbai for the final stopof his high-technology trade mission to India,highlighted the U.S.-India commercial relationship
and encouraged development of new business opportunities between the members of the delegation and theirIndian counterparts. He also talked about the great progress India had made in opening its markets to U.S.companies but noted that much more work needed to be done.
Mr. Locke is the first Cabinet Secretary to travel to India after President Obama's visit and is joined by a
delegation of 24 U.S. businesses seeking to promote their technologies and services related to civil nuclearenergy, civil aviation, defence and homeland security, and information and communications technology toIndia.
He also met Indian CEOs, including Reliance Industries Chairman Mukesh Ambani, who were part of the U.S.-
India CEO Forum, as a follow up from their meeting during President Obama's trip to India in November last.Mr. Locke solicited the group's goals for the 2011 forum and they discussed a wide range of critical issues,including clean energy, standards and education.
A statement issued by the U.S. Consulate General in India said the mission is the first Secretary-led business
development mission to India since 1997 and advances President Obama's National Export Initiative, whichaims to double U.S. exports by 2015 supporting several million U.S. jobs.
The pace of trade between the U.S. and India is accelerating with U.S. goods exported to India quadruplingbetween 2002 and 2009 growing from $4.1 billion to more than $16.4 billion.
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US COMPANIES CAN PLAY MAJOR ROLE IN INDIA INFRA SECTORS
The American companies can play an important role in the sector by setting up joint venture entities in Indianmarket, so inviting the US investment in India's infrastructure sector would be beneficial for us. There is a largepotential to expand relationship between the two countries, mainly in the economic and financial sector.
India requires USD 1 trillion investments in infrastructure, of which it expects 50 per cent from the privatesector, in the 12th Five-Year Plan (2012-17). The Indo-US trade during January - November 2010 is estimatedat USD 45 billion.
Also India and the US have strong strategic partnership especially in the field of defense, space and nuclearscience among others, and can further expand their relationship in agriculture, weather forecasting, multicombat aircraft and economic and financial sector.
The US leadership support Indias claim for permanent membership in UN Security Council. Institutional andregulatory framework helped both the countries in further strengthening their relationship in civil nuclearcooperation. Both the countries can mutually benefit from further expanding their trade and economicrelationship.
The US had recently removed Indian Space Research Organization (ISRO) and Defense Research andDevelopment Organization (DRDO) from its restricted entities list.
TRAI SUGGESTION DISASTROUS, SAY MOBILE OPERATORS
The telephone operators are worried about the raised price of the 2G spectrum as now they have to pay heavyamount for the spectrum they are holding but the government is happy by the decision of TRAI (TelecomRegulatory Authority of India). This would not only hit the earnings of telecom companies, but may also forcethem to hike tariffs to cover up for the same.
For the proposed six-fold hike for pan-India 2G spectrum, from Rs.1,658 crore (2001 prices) to Rs.10,972 crore(2010 prices) and Rs.4,571 crore for one 1 MHz of pan-India spectrum, the reaction of the Cellular Operators'Association of India (COAI), which represents GSM operators, is said to be disastrous.
Bharti Airtel said the TRAI recommendations went against the stated principle of the government to offeraffordability, fairness and level-playing field. There seems to be huge inconsistency in terms of the differencesof prices in various circles. While 2008 licensees walk away with spectrum for 20 years at 2001 pricing, theolder operators whose licenses come up for renewal in few years will have to pay exorbitant one-timecharges,
All spectrum given under 2G bands GSM as well as CDMA must be clubbed and considered as totalallocated spectrum' for purpose of pricing and eligibility. However, new operators who are still to roll out theirservices due to scarcity of spectrum believe that this would force old players to leave the spectrum which theyhave been hoarding and help them to start their services.
CONSUMER SENTIMENT IN U.S. INCREASES TO EIGHT-MONTH HIGH
Confidence among U.S. consumers increased in February to the highest level in eight months, a sign fallingunemployment and rising stock prices may be comforting households.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment for the month climbedto 75.1 from 74.2 in January. Economists projected the gauge would rise to 75, according to the medianforecast in a Bloomberg News survey.
As households, the largest part of the economy, grow more optimistic, consumer spending may keepcontributing to the expansion. Federal Reserve Chairman Ben S. Bernankes testimony this week said that the
growth rate of economic activity appears likely to pick up this year.Were starting to see consumers reacting to the better news, said Omair Sharif, an economist at RBSSecurities Inc. in Stamford, Connecticut, who forecast the gauge would rise to 75.2. Weve gotten a pretty nicejump in assessments of job conditions over the last couple months.
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Estimates in the Bloomberg survey of 68 economists ranged from 71.5 to 78.5. The index averaged 89 in thefive years leading up the recession that began in December 2007.
Household purchases, which make up about 70 percent of the economy, grew at a 4.4 percent annual pace inthe fourth quarter, the fastest since the first three months of 2006, Commerce Department figures showed Jan.28.
GOVT HARDENS STAND ON BLACKBERRY OVER CORPORATE MAIL ACCESS
Hardening its stance against Blackberry for not providing a solution to intercept Enterprise mail services, the
government today said telecom operators will have to stop any such services that cannot be monitored as perthe satisfaction of law enforcement agencies.
BlackBerry-maker Research in Motion (RIM) has been saying that it cannot provide access to the popularBlackBerry Enterprise Service (BES) as it does not possess any key and the security architecture is the samearound the world.
In the licence agreement between the government and service providers that states that whoeever uses thenetwork govt must be able to intercept for the sattisfaction of the Law Enforcement Agency. Which is notpossible from RIM as they are of the view that there is no keys to be handed, and its not possible to do sobecause the keys of the service are in possession of the corporate enterprises.Eight operators including Bharti,
Vodafone, Idea, RCom, Tatas and also two state owned firms
BSNL and MTNL
are offeringBlackBerry services across the country and it has emerged a popular service among corporates for itsenterprise mail service.
GOVT BITES THE BULLET ON SUBSIDIESIn a reformist move long recommended by various economists and panels, the government has set up a taskforce to create a way to directly transfer cash to the ultimate beneficiaries of various subsidy schemes, whichare, at best, messy and, at worst, ineffective. The task force will be headed by Nandan Nilekani, chairman ofthe Unique Identification Authority of India. In the five years ended 2010-11, the cost of major subsidies(excluding oil) increased by 245% to Rs1.09 trillion. Economists, including Raghuram Rajanformer chiefeconomist of the International Monetary Fund and honorary economic adviser to Prime Minister Manmohan
Singhhave long recommended this course of action.The move to replace subsidies with cash transfers islikely to be opposed by the National Advisory Council (NAC), headed by Congress president Sonia Gandhi.The other members of Nilekanis task force will be the heads of government departments looking afterexpenditure, financial services, food, fertilizers and agriculture. It will seek to operationalize direct transfers inkerosene, fertilizer and cooking gas.Some believe that these subsidies also ensure access, and protect theinterests of producers and suppliers.
FRESH CONCERNS IN INFLATION DATAThough inflation, as measured by the Wholesale Price Index, witnessed a marginal moderation at the level of8.23% in January from 8.43% a month ago, the underlying trends suggest fresh cause for worry. Food inflationbounced back, while the recent spurt in international oil prices has begun to manifest itself domestically.Finance minister Pranab Mukherjee admitted as much and in a press release said the moderation was too little
for comfort and that the fight against inflation would continue.
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THE DERRICK
INDUSTRY WATCH
CAR MAKERS POST SALES EXCELLENT SALES NUMBERS FOR JANUARY
Automobile makers made a robust start in 2011 amidst growing concerns about slowdown in demand due to
rising interest rates and higher fuel cost. The countrys largest car maker Maruti Suzuki said that its sales in
January rose 24%. Sales of Mahindra & Mahindra grew by 15%. Tata Motors recorded 15% growth in January.
The Nano reported a 68% rise in sales.
Combined sales growth of Maruti, Hyundai and Tata Motors- which comprise more than 75% of passenger
vehicle sales-is now around 15% in January as against 30% reported during the last months in 2010, signaling
that growth is slowing down. The major reason behind losing the momentum is the hike in fuel prices and rise
in interest rates.
WHICH TELCO WILL GET HIT THE MOST?The telecom sector has been bleeding in trade hit by the recent TRAI recommendations on excess 2G pricing.
The recommendations will steeply increase spectrum payouts for incumbent GSM operators such as Bharti,
Vodafone, MTNL and Idea.
If these recommendations become fruitful, Bharti and Idea could see a cut of Rs. 33 a share each including all
one offs.
Spectrum re-farming is going to be a big issue for all the incumbent players including Bharti and Vodafone. As
and when licenses come up for renewal, all the operators who are currently operating in 900 MHz band will
have to shift to the 1800 MHz band and The biggest hit will be on Idea.
The impact on Idea as a result of this could be anywhere between Rs 23-24 a share. For Bharti it could be to
the tune of Rs 30 a share.
On earnings front, Bharti third quarter performance was below par. December quarter has been a strong
quarter for them. But on a quarter-on-quarter basis, we didnt see any great improvement in overall matrix like
MoU or ARPU.
KARNATAKA GETS RS 4.3 BILLION INVESTMENTS IN AEROSPACE SECTOR
Nine Indian firms, including IT bellwether Wipro and automotive major Mahindra and Mahindra have submitted
investment proposals worth Rs 4.3 billion ($94.2 million)to the Karnataka government to set up manufacturing
units in the aerospace-cum-aviation sector. Among them, Mahindra Aerospace Ltd has committed to invest Rs
2.84 billion to set up a manufacturing unit for aerospace components and aero structures and assemblies at
Narasapura industrial area in Kolar district. Similarly, Wipro plans to set up an aerospace special economic
zone (SEZ) with Rs 530 million investment in the proposed Aerospace Park at Devanahalli, about 40 km from
the city. With a 252-acre dedicated SEZ, the 984-acre Aerospace Park will be in the vicinity of the Bangalore
International Airport and in the IT investment region where a hardware park and software park have been
planned. Three global aerospace majors - Rolls Royce from Britain, Honeywell from the US and Dassault
Aviation from France - met top officials during the five-day biennial air show to discuss their investment plans
to set up or expand their India operations.
INDIAN POWER COS MAY SHIFT FOCUS TO AFRICAN CONTINENT FOR COAL
After scouting for coal in Indonesia and Australia, Indian power companies may now shift their focus to
countries like South Africa and Botswana for sourcing the raw material needed to feed their thermal projects. A
delegation headed by Power Secretary P Uma Shankar recently travelled to the African continent to explore
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the possibility of extracting coal in South Africa and neighbouring African nations like Botswana and
Mozambique. Mr. Shankar indicated that the Power Ministry may facilitate the import of foreign coal or
acquisition of overseas blocks by Indian power generating companies. Meanwhile, state-run NTPC is scouting
for coal properties abroad in order to secure the raw material for its projects. The company may pick up stake
in two coal mines in Indonesia, East Kalimanthan and Sumatra. The company is looking at striking a deal that
is financially feasible. NTPC's coal requirement is likely to touch 165 million tonnes (MT) in the next financial
year (2011-12), of which it may import 12-15 MT.
DIPP BATS FOR FDI CURBS IN PHARMA
The commerce ministry has sought a review of foreign direct investment (FDI) policy in the pharmaceuticalsector, in the light of recent takeovers of domestic companies by multinationals. Quoting from a health ministry
letter on the subject dated January 7, a department of industrial policy & promotion (DIPP) note prepared for
Commerce Minister Anand Sharma for a meeting with US Commerce Secretary Gary Locke stated that
takeover norms in the pharma sector should be more stringent. The DIPP note highlights growing differences
between the health and finance ministries on M&A norms in the pharma sector, wherein 100 per cent FDI is
permitted via the automatic route. The rash of takeovers by MNCs began with Japans Daiichi Sankyo
acquiring leading Indian pharma company Ranbaxy in 2008. That was followed by German giant Fresenius
buying Dabur Pharma, Sanofi Aventis hiking its stake in Shantha Biotech from 60 per cent to 80 per cent, and
Abbott Laboratories of the US buying Wockhardts nutrition business.
TOP INDIAN IT FIRMS TO SEE RISE IN H-1B, L-1 VISA HOLDERS
Despite the rise in visa application fee and increasing pressure from the US to hire more locally, the number of
H-1B and L-1 visa holders at most of the top Indian information technology firms are expected to increase
further. IT companies are seen deploying more people on-site with the rise in business volumes which has also
prompted most of them to apply for higher number of visa in the 2010-11 financial year. Indias second largest
IT services firm, Infosys Technologies, for example, said the company had a higher number of H-1B and L-1
visa holders at the end of 2010 compared to the figure registered in the beginning of the year. Similarly, Indias
largest IT services firm TCS, which initially planned to apply for 700 H-1B visas for the current financial year,
finally ended up applying for 1,500 visas. The increase in the number of visa holders by Indian IT companies
could be a short to medium-term strategy which is expected to continue till they manage to hire sizable local
people in the US. Effective from last August, the US Citizenship and Immigration Services (USCIS) announced
an increase in the application fee of fresh H-1B and visa application by $2,000, much against the interest of the
Indian IT firms. The fee rise was expected to have an impact of less than 0.5 per cent on their topline. With
this, Indian IT firms were also expected to reduce their number of fresh visa applications filings. However,
towards the end of January, the USCIS announced it received sufficient number of H-1B petitions to reach the
statutory cap for this year, which was 65,000.
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THE DERRICK
FACTS OF THE WEEK
Hindustan Unilever, Indias largest consumer products firm, has planned to enter fruit beverages segmentunder the brand name of KISSAN, which has products like- Ketchups, jams and squashes.
2. APOLLO TYRES, SERVO, SBI organised the ET ZIGWHEELS AWARDS 2010, the awards were as under-
A. CAR OF THE YEAR- FORD FIGO
B. BIKE OF THE YEAR- YAMAHA SZ-X
C. CAR MAKER OF THE YEAR - TOYOTA KIRLOSKAR MOTORS
D. BIKE MAKER OF THE YEAR- HERO HONDA
E. SUV OF THE YEAR- SKODA YETI OF VOLKSWAGEN
F. AUTOMOTIVE IDEA OF THE YEAR- KPIT CUMMINS FOR REVOLVO BOLT-
ON HYBRID SYSTEM IN CARS
G. AUTOMOTIVE TECHNOLOGY HONDA FOR DUAL CLUTCH
OF THE YEAR- TECHNOLOGY IN MOTORCYCLES
H. LUXURY PRESTIGE SEDAN BMW-5 SERIES FOR ITS GREAT
OF THE YEAR- BALANCE OF PERFORMANCE
I. CBU SPORTSCAR OF THE YEAR- MERCEDES BENZ SLS AMG
J. BEST VALUE FOR MONEY VEHICLE- BAJAJ DISCOVER 150-DTSi
K. STANDOUT AUTOMOTIVE ADVERT- DDB MUDRA FOR VW VENTO
ISING CAMPAIGN OF THE YEAR
L. ENTRY LEVEL MICICAR OF- MARUTI SUZUKI WAGONR
THE YEAR
3. Orient paper & industries limited (OPIL) declared the its proposals to set up a Rs.1,473crore three milliontonne per annum Greenfield cement manufacturing plant at Gulburga, Karnataka.
4. Kent RO SYSTEM has decided to setup 200 exclusive stores all over India. They have opened their firstexclusive Kent Shoppe in Jalandhar. The motto of company is to build better customer relationship.
5. SAIL, Indias largest steelmaker, is forming Joint Venture with Japans fourth largest steel firm KOBE STEELfor a new plant in Durgapur. It is the biggest cross-border ventures by a PSU.
6. AIR INDIA will borrow Rs.600crore loan from Corporation Bank to pay Salaries to its 31,000 employees.Salaries are already due more than a week.
7. HERO HONDA will drop the HONDA brand name from its flagship brands, SPLENDOR & PASSION during
the first quarter of this fiscal. Company has already started its Rebranding strategy.
8. VIRGIN GALACTIC is now offering low cost space flights. Company may see the first space tourist flight by2012.
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9. The London Stock Exchange Group and Canadas TMX (Operates Torontos stock exchange) groups willmerge to create a combined entity with more than 6,700 listed companies and total market capitalisation of 3.7trillion pounds.
10. Hosni Mubarak stepped down as president of Egypt and handed power to the military, bowing to thedemands of protesters who have occupied central Cairo for the past three weeks demanding an end to his 30-year rule.
11. India is vetting a proposal to impose tax sanctions against countries that refuse to share information onsuspected Indian Tavaders.
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THE DERRICK
INTERVIEW
URBAN INFRASTRUCTURE IS CRACKING: DEEPAK PAREKH
In an interview with ET Now, Deepak Parekh , Chairman,
HDFC Ltd, talks about the India story and infrastructure
development
Is there a question mark now when it comes to the great
India story?The macro infrastructure like telecom is a success story inIndia. If you see the four airports, which constitute 70-80% oftraffic, three are complete and one is under implementation.
Mumbai is under implementation, but if you talk about theairport , ports, the story is very good and huge amount ofinvestments are being made in new ports across thecoastline - east and west. PSA is there, Maersk is there,Dubai port is there and Indian entrepreneurs are putting upcontainer terminals and port facilities. So we will have state-
of-the-art port facilities.
We will have state-of-the-art airports. The decision has been taken, the investments have been made and thework is in progress. We need to accelerate the road programme and the road programme - because of landacquisition - gets delayed. Most infrastructure projects, particularly road projects, get delayed because of
compensation for land, land acquisition issues and right of way.
We need to do something faster. There are massive investments in power. If all these projects that are on theanvil - projects that have been talked about and have raised money - come up, India will be a surplus powerstate. But what we urgently need in infrastructure today is urban infrastructure. Urban infrastructure is cracking.Urban roads, urban water, solid waste, these are issues that we need to tackle. Urban housing and slumupgradation are much more basic issues and do not look at macro infrastructure because some progress hasbeen made on that.How do you expect the momentum to pan out as far as roads are concerned?Our disbursements at IDFC are very healthy and we are also sanctioning large amount of road projects. Butthe construction phase gets delayed because in-between some land is not available, the contiguous land is notacquired and given by government. So these issues are there which slow down projects. But a fair amount of
work has been done by the surface transport ministry.We have phase I, phase II, phase III of Golden Quadrilateral - in north, south, east, west - connecting statecapitals to the north, south, east, west axis, connecting state capitals to the Golden Quadrilateral, connectingstate capitals to the port. These plans are all there with NHAI. In-between, NHAI became a bit slow, but if NHAIstarts reactivating itself and starts giving bids, contracts, awards, then it can improve. We need to acceleratethat process.
You were also part of the Infra Debt Committee and the committee has submitted its report tothe government of India. But how come no rollouts have happened there?
I was asked to prepare an infrastructure debt fund report. We have prepared it. We had very senior bankersand people on the committee and it was a unanimous report, it was submitted some months ago, but I havenot heard anything from it. So I do not know the status of it.
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But can we expect it to get rolled out this Budget ?
I do not know what the government decides. It is the governments prerogative now, whether to accept it or
throw it away or do whatever. But there is shortage of funding for infrastructure which is there. The
governments 12th five-year plan talks of a $1 trillion in five years investment in infrastructure. It very clearly
says that 50% of that is to be done by the private sector and 30% of $1 trillion will be in the power sector.
Now the point is the large quantum of money. Where are we going to raise this money? Unless we have some
long-term money and unless we use innovative ways of raising this kind of money, I do not think ouraspirations of spending that kind of money for Indias infrastructure needs will be satisfied and met.
Six months ago, HDFC had indicated that they had plans to sell some of their non-core investments
and you wanted to monetise some of your investments. Whats the update on that?
Talking about non-core investments, we have sold some of it during the last quarter. We sold a little under 2%
of IL&FS. So when an opportunity comes and when we feel the valuation is good, attractive, we will. There is
demand for all our unlisted stocks. So we are toying with the idea to segregate it or leave it and sell it
periodically and look at new investments because we have made reasonable returns on our existing non-core
unlisted investments. So the idea of separating is not there at the moment.
You have earlier spoken about the need for better education and healthcare for rural India. HDFC has
forayed into education already. What are the plans there and are you also looking at healthcare as an
investment?
We have not looked at healthcare at the moment, but we are seriously looking at education. Again, we are
looking at what areas in education we could enter and it is still early days and when we are ready with our
blueprint, we will let you know. But at the moment, it is still work in progress.
Can you give us a timeline?
End of March, we will have something.
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THE DERRICK
ZARGONOMY
ABC METHODinventory management method that categorizes items in terms of importance. Thus, more emphasis is placedon higher dollar value items ("A"s) than on lesser dollar value items ("B"s), while the least important items("C"s) receive the
least time and attention.
ABV
Accredited in Business Valuation, a designation awarded by the American Institute of Certified PublicAccountants to CPAs who qualify. The resulting designation is CPA/ABV.
HANG SENG INDEX
the major indicator of stock market performance in Hong Kong. The index is comprised of 33 companies withaggregate capitalization that represents 70% of total market capitalization of all eligible stocks listed on theMain Board of the Stock Exchange of Hong Kong.
REAL EARNINGSwages, salaries, and other earnings, corrected for inflation over time so as to produce a measure of actualchanges inpurchasing power.
ODD-VALUE PRICINGsetting retail prices below even dollar amounts, such as $5.99, $0.39, and $98.99. Odd-value pricing is basedon a psychologically unproven assumption that consumers will feel they are not paying full value for an itemand are thus getting a better value for their dollar.
GIFT CARD
prepaid Visa card, MasterCard, or American Express card that enables the user to purchase goods or servicesup to the value of the card. Banks may treat gift cards like credit card cash advances by charging userstransaction fees.
CANCELLATION CLAUSE
contract provision that gives the right to terminate obligations upon the occurrence of specified conditions orevents. Acancellation clausein a lease might allow the landlord to break the lease upon the sale of a building.
CERTIFICATE OF DEPOSIT (CD)
special type of time deposit. A CD is an investment instrument available at financial institutions generallyoffering a fixed rate of return for a specified period (such as three months, six months, one year, or longer).The depositor agrees not to withdraw funds for the time period of the CD. If the funds are withdrawn, asignificant penalty is charged. The fixed rate of return nominally increases with the amount or the term of theinvestment.
CIF (COST, INSURANCE, AND FREIGHT)
in a contract of sale, the cost of the goods, the insurance, and the freight to the destination are included in thecontract price. Unless there is something in a CIF contract to indicate the contrary, the seller completes thecontract when the merchandise is delivered to the shipper, the freight to the point of destination is paid, and thebuyer has been forwarded the bill of exchange , invoice, insurance policy, and receipt showing payment of
freight.
http://www.allbusiness.com/glossaries/inflation/4943672-1.htmlhttp://www.allbusiness.com/glossaries/purchasing-power/4953001-1.htmlhttp://www.allbusiness.com/glossaries/purchasing-power/4953001-1.htmlhttp://www.allbusiness.com/glossaries/bill-exchange/4951734-1.htmlhttp://www.allbusiness.com/glossaries/bill-exchange/4951734-1.htmlhttp://www.allbusiness.com/glossaries/purchasing-power/4953001-1.htmlhttp://www.allbusiness.com/glossaries/inflation/4943672-1.html -
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THE DERRICK
ENTREPRENEUR
N. R. NARAYANA MURTHY
Nagavara Ramarao Narayana Murthy (Kannada: ) better known as N. R. NarayanaMurthy, is an Indian businessman, software engineer and the
founder of Infosys Technologies, a consulting and IT services
company based in India. He is currently the non-executive
Chairman and Chief Mentor of Infosys. He was the CEO of the
company for 21 years, from 1981 to 2002. After stepping down
as CEO in 2002, he has broadened his scope of activities to
social services as well as promoting India globally. Hisestimated net worth is $1.6 billion as of 2010.
In 2009, his lectures delivered around the world have been
published as a book A Better India: A Better World.
EARLY LIFE
Born into a Kannada Madhwa Brahmin family in Mysore, India on August 20, 1946, Murthy graduated with a
degree in electrical engineering from the National Institute of Engineering, University of Mysore in 1967 after
attending government school, and received his master's degree from IIT Kanpur in 1969.
His first position was at IIM Ahmedabad as chief systems programmer where he worked on a time-sharing
system and designed and implemented a BASIC interpreter for ECIL (Electronics Corporation of India Limited).
After IIM Ahmedabad, he then joined Patni Computer Systems in Pune. Before moving to Mumbai, Murthy met
his wife Sudha Murthy in Pune who at the time was an engineer working at Tata Engineering and Locomotive
Co. Ltd. (Telco, now known as Tata Motors) in Pune. In 1981, with an investment of Rs.10,000 ($250 at the
time) from his wife, he founded Infosys with six other software professionals. He served as the president of the
National Association of Software and Service Companies, India from 1992 to 1994. Mr. Murthy is the brother-
in-law of serial entrepreneur Gururaj "Desh" Deshpande and the uncle of former NASSCOM Chairman and
MphasiS chief Jerry Rao.
PERSONAL LIFE
His wife, Sudha Murthy ne Kulkarni, is an Indian social worker and accomplished author. She is known for herphilanthropic work through the Infosys Foundation. Her sister, Jayashree Despande is wife of enterpreneur andfounder of US-based Sycamore Networks, Gururaj Deshpande.
They have two children - Rohan and Akshata. Rohan is engaged to Venu Srinivasan's (of TVS motors)daughter Lakshmi Venu. Akshata Murthy is married to Rishi Sunak.
http://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Infosys_Technologieshttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/Kannadahttp://en.wikipedia.org/wiki/Mysorehttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Electrical_engineeringhttp://en.wikipedia.org/wiki/National_Institute_of_Engineeringhttp://en.wikipedia.org/wiki/University_of_Mysorehttp://en.wikipedia.org/wiki/IIT_Kanpurhttp://en.wikipedia.org/wiki/IIM_Ahmedabadhttp://en.wikipedia.org/wiki/BASIChttp://en.wikipedia.org/wiki/IIM_Ahmedabadhttp://en.wikipedia.org/wiki/Patni_Computer_Systemshttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Sudha_Murthyhttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/NASSCOMhttp://en.wikipedia.org/wiki/Gururaj_Deshpandehttp://en.wikipedia.org/wiki/NASSCOMhttp://en.wikipedia.org/wiki/MphasiShttp://en.wikipedia.org/wiki/Jerry_Raohttp://en.wikipedia.org/wiki/Sudha_Murthyhttp://en.wikipedia.org/wiki/Gururaj_Deshpandehttp://en.wikipedia.org/wiki/Gururaj_Deshpandehttp://en.wikipedia.org/wiki/Sudha_Murthyhttp://en.wikipedia.org/wiki/Jerry_Raohttp://en.wikipedia.org/wiki/MphasiShttp://en.wikipedia.org/wiki/NASSCOMhttp://en.wikipedia.org/wiki/Gururaj_Deshpandehttp://en.wikipedia.org/wiki/NASSCOMhttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Sudha_Murthyhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Patni_Computer_Systemshttp://en.wikipedia.org/wiki/IIM_Ahmedabadhttp://en.wikipedia.org/wiki/BASIChttp://en.wikipedia.org/wiki/IIM_Ahmedabadhttp://en.wikipedia.org/wiki/IIT_Kanpurhttp://en.wikipedia.org/wiki/University_of_Mysorehttp://en.wikipedia.org/wiki/National_Institute_of_Engineeringhttp://en.wikipedia.org/wiki/Electrical_engineeringhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mysorehttp://en.wikipedia.org/wiki/Kannadahttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Infosys_Technologieshttp://en.wikipedia.org/wiki/India -
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CORPORATE PROFILE
Murthy served as the founder CEO of Infosys for 21 years, and was succeeded by co-founder Nandan Nilekani
in March 2002. At Infosys he articulated, designed and implemented the Global Delivery Model which has
become the foundation for the huge success in IT services outsourcing from India.
He serves on the boards of various companies and universities across the world. Murthy serves as an
independent director on the board of the DBS Bank of Singapore. This is the largest government-owned bank
in Singapore. He also serves as a director on the Central Board of the Reserve Bank of India, as the co-
chairman of the plc. and as a member of the Board of NDTV, India.
He also serves as an independent director on the board of the European FMCG giant Unilever. He is an IT
advisor to several Asian countries. He is also an Independent Director on the board of HSBC. He also serves
on the boards of the Ford Foundation and UN Foundation. Indo-British Partnership, as a member of the Prime
Minister's council on trade and industry, as a member of the Asia Advisory Board of British
Telecommunications He is the chairman of the governing body of the International Institute of Information
Technology - Bangalore, and was the Chairman of the Governing Body of the Indian Institute of Management,
Ahmedabad. In addition, he is a member of the Board of Directors of INSEAD, Board of Overseers of the
Wharton School of the University of Pennsylvania, Board of Trustees, Business Advisory Council of Great
Lakes Institute of Management - Chennai, Singapore Management University Board of Trustees and the Board
of Advisors for the William F. Achtmeyer Center for Global Leadership at the Tuck School of Business. Mr.Murthy also sits on the Board of Governors of the Asian Institute of Management (AIM), a graduate school of
business located in the Philippines and is also the Chairman of the Board of Members of School of
Management, Asian Institute of Technology (AIT) located in Bangkok, Thailand. He is the chairman of the, Asia
Business Council, an organization headquartered in Hong Kong.
He is also a member of the Advisory Boards and Councils of various well-known universities such as the
Stanford Graduate School of Business, the Corporate Governance initiative at the Harvard Business School,
Indian School of Business - Hyderabad, Cornell committee on academic affairs and committee on alumni
affairs and development, Yale University and the University of Tokyos President's Council.
Murthy retired from his executive position at Infosys on 20 August 2006. However, he continues as the Non-
Executive Chairman of the board.
Murthy started a new venture capital fund called Catamaran Venture Fund with the money he got by selling
800,000 Infosys shares worth 174 Crores. Sudha Murthy does it again by helping him in setting up his VC
Fund by giving him Rs.430 crores which she got by selling quarter of her stake 1.6% in Infosys.
ACCOLADES
Murthy has been the recipient of numerous awards and honors. In 2008, he was awarded the Padma
Vibhushan, a second highest civilian award by India and Lgion d'honneur, the highest civilan award awarded
by France. In 2000, he was awarded the Padma Shri, a civilian award by the Government of India.He was
voted the World Entrepreneur of the Year - 2003 by Ernst & Young. He was one of the two people named as
Asia's Businessmen of the Year for 2003 by Fortune magazine. In 2001, he was named by TIME / CNN as one
of the twenty-five, most influential global executives, a group selected for their lasting influence in creating new
industries and reshaping markets. He was awarded the Max Schmidheiny Liberty 2001 prize ( Switzerland), in
recognition of his promotion of individual responsibility and liberty. In 1999, BusinessWeek named him one of
the nine entrepreneurs of the year and he was also featured in the BusinessWeek's 'The Stars of Asia' (for
three successive years - 1998, 1999 and 2000). In 1998, the Indian Institute of Technology, Kanpur, one of the
premier institutes of higher learning in India, conferred on him the Distinguished Alumnus Award, and in 1996-
97, he was awarded the JRD Tata Corporate Leadership Award. He was awarded the Dean's medal by theWharton School in 2001.
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AWARDS
Padma Shri - Government of India Padma Vibhushan - Government of India Officer of the Legion of Honor - Government of France Order of the British Empire- Government of United Kingdom
BOOKS BY NARAYANA MURTHY
A Better India, A Better World, Penguin Books, 2009,ISBN 978-06-7008-283-4
THE DERRICK
GUESTS COLOUMN
What next another policy or some actions............
Can inflation be controlled by another interest rate hike? Can the economic growth rate be at the pace at it
should be? Will these decisions on policy amendments provide relief for common people? Will our responsible
ministers (just imagine) stop commenting on sensitive issues (price increase) in public instead of taking some
strict measures? ?????
Many more questions along with these questions come into my mind when I go to buy anything from the
market. Mr D Subbarao has quoted that India is facing surging inflation problem and that a calibrated
monetary policy was needed to achieve the twin objective of managing inflation and supporting growth. during
last fiscal RBI has raised rates six times which has led to the banks raising borrowing cost twice, and again is
going to increase rates in the next weeks monetary policy review. This time inflation is mainly due to supply
side constraints that cannot be solved by pulling money from the system. The demand from the rural areas has
been increased as shown by increase in consumption pattern. The main reason for this inflation is increase in
the prices of the vegetables, milk, meat and so on.... however in the statement of Mr Sharad Pawar that No
direct role of farm ministry in cultivation of veggies indicates that he and his ministry is not very much
concerned to resolve the current problem.
Another rate hike by the RBI will affect the ease of credit availability and credit flow to the industrial sectors
especially infrastructure and manufacturing sector which are very crucial for the economic growth. Even
blaming poor for the inflation by prime minister is also ridiculous as he has said that they (poor people)disposable income has increased and thus demand has been increased. So what they are supposed to do???
Stop eating and demanding!!! Let only the richer people to enjoy !!! A very irresponsible statement by Mr
Pawar that the prices of onion are going to rise before they had actually started raising. That stimulated
hoarding as it has been proved by raids by income tax department in Mumbai Delhi, Punjab and Haryana. The
common man/ woman is the most affected by these fluctuations. The measures like abolishing duty on import
could have been taken silently without announcing expected price hike to bridge the gap of demand and supply
that was created by bad weather just before the cultivation of onions in Maharashtra would have worked better,
and also some incentives and promotion by agriculture ministry to the formers for the cultivation of vegetables
can do better.....
In hope for better policy, better and improved measurer, lesser statements and strong actions........
Shailesh Tiwari
http://en.wikipedia.org/wiki/Special:BookSources/9780670082834http://en.wikipedia.org/wiki/Special:BookSources/9780670082834http://en.wikipedia.org/wiki/Special:BookSources/9780670082834http://en.wikipedia.org/wiki/Special:BookSources/9780670082834 -
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THE DERRICK
SYNAPZ QUIZ 6
1. 'Mahabharata in Polyester' is which family's biography?
a)The Ambanis
2. The ad regulator in the UK has banned an ad of which Coca-Cola brand recently for claiming it'snutritious?
a) Vitamin Water
3. Whose iconic scooter brand is the Vespa?
Ans: Piaggio
4 .K. M. Mammen Mappillai, opened a small toy balloon manufacturing unit in a shed at Tiruvottiyur, Madras
in 1946. What did it evolve into
a) MRF
5. . Keo Karpin is the brand of ?
a)Deys Medical
6. Which bank was established as Canara Industrial and Banking Syndicate Limited in 1925 in what is today the
Udupi district of Karnataka by Upendra Ananth Pai, Vaman Srinivas Kudva and Dr. T. M. A. Pai?
Ans: Syndicate Bank
7. It was incorporated in 1953 by the Government of India and headquartered in Bangalore. Over the years it
diversified into watches, tractors, printing machinery, metal forming presses, die casting & plastic processing
machinery. Which company?
b) Hindustan Machine Tools
8. Promoted by the K. Raheja Corp Group, it was started in 1991 with its first branch in Bombay. It is also listed
on the Bombay Stock Exchange. What?
a) Shoppers Stop
9. Indias largest overseas inverstment in the UK is Tata Corus deal. What is UKs largest investment in India?
Ans: Vodafone
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10. Which of the following in not member of G-20
A)japan
11. Apart from water , what is the most widely consumed drink in the world?
A)tea
12 Expand DESC, which is involved in improving the environment and driving long-term economic growth
A) Digital Energy Solutions Campaign
13.The famous ZooZoo adds were created by which add agency?a)Ogilvy &Mather
14. Nakshatra diamond jewellery brand belongs to which group?
a)Gitanjali
15.How many countries are there in European Union?
C)27
16.Which company/product connected with transportation is associated with the immensely successful 'Think
Small' ad campaign?
a) Volkswagen
17.) identify logo?Ans: NSE(National Stock Exchange)
18. identify personality?
Ans:D Subbarao
19. Which successful investor is popularly known as "The Oracle of Omaha"? And his famous quote is "Rule
No.1: Never loss money, Rule No.2: Never forget the Rule No.1"
Ans:- Warren Buffet
20. Which management term is derived from the Greekword which means "Art ofthe General"?
a)Strategy
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LE MELANGE 2011
If you have any feedback, suggestions then mail us on [email protected] .Disclaimer: Derrick does not have own reporters. These are the news collected from different sources.
................TEAM SYNAPZ