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Injustice, poverty, slavery, ignorance - these may be cured byreform or revolution. But men do not live only by fighting evils.They live by positive goals, individual and collective, a vast variety

of them, seldom predictable, at times incompatible.-Isaiah Berlin

National Headlines 4 global firms in race for Navi Mumbai airport

Maharashtra plans 9,000 kiosks for e-gov

Power IPOs set to cross Rs 30,000 cr this year Auto Expo spotlight on Tata small car

Gitanjali eyes retail buyouts in the US

FDI doubles contribution to total investments in India

Suzlon bags order from Spain

Onion exports likely to dip this fiscal

No formal word from Goa yet on SEZs: Nath

Licence to open bank branches may go

REL, GMR in race for Singapore power firm

S&P puts Tata Motors ratings under credit watch

International Headlines

Rolls-Royce said that it was to axe up to 2,300 jobs in the UK, Europe and US as it seeksto trim costs

The Federal Reserve will lower interest rates aggressively in the coming months to try toavert a US recession

Blackstone, the world's largest private equity house and an increasingly powerful playerin the hedge fund industry, is paying $930m for a fund manager specializing in the creditmarkets.

Countrywide Financial, the largest mortgage lender in the US, is in advanced talks to sellitself to Bank of America, a move that would end almost 40 years of independence

As the $100 mark is breached and seems set to go higher, fears are voiced that theglobal economy can no longer take expensive oil in its stride

Apple has reignited its war of words with the music industry after agreeing to slash thecost of downloading music via its iTunes platform by 10 per cent

Nasdaq, the US market that failed in an attempt to buy the London Stock Exchange lastyear, is set to finally crack Europe with the acquisition of the Nordic group OMX as earlyas next month

16th JAN 2008

Volume 1, Issue 10

..Tracking the Economy

The most important single central fact about a free market is that no exchange takes place unlessboth parties benefit . Milton Friedman

Inflation 3.5 % , IIP 5.3%

Issue Attractions

NationalHeadlines

1

InternationalHeadline

1

CorporateInterview

2

Quiz 2

Student Editorial 3

Pearls ofWisdom/Taglines/Buzz Word

4

15 days Movements

CHAANAKYACHAANAKYACHAANAKYACHAANAKYAWealth Incorporation - A CCIM Finance Club Initiative Presents

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Did you Know?

Touch-tone teleph

keypads were origin

planned to have but

for Police and

Departments, but

were replaced with

and # when the pro

was cancelled in favo

developing the system.

EXIDE INDUSTRIES

BSE500086

NSEEXIDEIND

CMPRS.75, TARGET PRICE

BSEL INFRASTRUCTUR

BSE532123, NSEBSELI

CMPRS. 85, TARGETR

EVEREST KANTO CYLIN

BSE532684, NSEEK

CMPRS. 349, TARGETR

GULF OIL,

BSE506480, NSEGULFO

CMPRS. 291, TARGETR

Stock Ratnas

The true measure of a career is to be able to be content, even proud, that you succeeded through

your own endeavors without leaving a trail of casualties in your wake . Alan Greenspan

Answers To Quiz

1. Epic Aircraft

2. Pharma

3. Verona Developm

Corp.

4. Pantaloon Retail

India

5. 26%

The Great Recession of 2008 will it or will itnot happen? By: Savitha Chacko

America is a large, friendly dog in a very small room. Every time it wags its tail, it

knocks over a chair. -- Arnold Toynbee

This time many predict that the wagging might just turn around the rising fortunes of the Asian

markets that will catch a cold as USA gears to sneeze like it did in the early 2000s.

Many analysts gathered at the American Economic Association's two-day annual meeting

recently spoke of a recession as almost a given but differed over how severe it will be. Stephen

Roach, Chairman-Asia of Morgan Stanley said that the US consumption share of GDP is on its

way down. He says that the US consumer is facing the toughest times in 30 years, and the

impact on the economy could be acute. The US consumer had turned his home into an ATM

machine. But now, with the US property bubble deflating, the wealth effect, based on rising

home values, is over, is done, is finished.

He says that the complacency of Asian countries based on the assumption that Asia has

decoupled from the USA is disturbing especially when the US absorbs 21 per cent of Chinas

exports, 22.5 per cent of Japans and about 14 per cent of Aseans. If the US consumer goes

down, Asia will feel it.

The optimists however are seeing the glass half full. A recession -- negative economic

growth for two consecutive quarters -- probably will be averted next year, as per these

optimists, noting that the economy has already taken some of its hardest hits.

Nationwide, unemployment would have to climb to 6% from the current 4.6% to cause a

recession, the forecast said. Such an increase would require the loss of 2 million more jobs.

Cuts on that scale won't be possible, because job growth was already weak throughout the

current economic expansion.

Though the economic outlook was largely cloudy, it did include some silver linings:

The loss of 3 million manufacturing jobs early this decade means there is little room to cutmore positions.

Most of the damage to the economy from the housing slump will be over by the end of

next year.

The weak dollar will help U.S. exports

Consumer spending will drop, but much of the effect will be shouldered by other countries

as U.S. imports of their products decline.

Conclusion

The old saying goes that economic forecasters were invented to make meteorologists look

accurate. When the weather reporter predicts rain, one can look outside to see if the forecast iscorrect. But when an economist predicts a recession, the only verification is the opinion of other

economists.

Its difficult to predict a recession and most of such predictions have proven to be wrong thanks

to the mystery behind business cycles.

On balance, it is not likely that the United States will experience a recession in 2008. Most

economic forecasters expect growth to continue in the 2.5 percent range. Employment and

personal income have remained strong through October and November of 2007, so

consumption spending should continue, buoying the economy. The weak U.S. dollar makes

American exports more competitive, thereby fuelling economic growth and employment.

Did you Know?

Coca-Cola was

favored drink

Pharaoh Ramses.

inscription found in

tomb, when transla

was found to be alm

identical to the re

used today.

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How to Prepare:

Have a strong interest in the real estate sect

and keep track of current happenings in that secto

Have a strong base in Financial Manageme

(basic finance knowledge)

There is a Group Discussion which is follow

by case analysis and then personal interview.

Inclusive of all the above one must have stro

confidence and good communication skills

Pearls Of Wisdom From SeniorsSeema DSouza (Batch 05-07) - seemadsz@gmail.com

Associate- Occupier Services

DTZ, International Property Advisors

Job Profile : Client Management: Assisting in real estate

transactions, Creating requirement specific presentations

Business Development: Creating pitch books, making

presentations to prospective clients for obtaining mandates on thesectorial basis.

Relationship building: Major landlords / developers in Mumbai

Please mail your valuable feedbacks, reviews at chaanakya.ccim@gmail.com

Buzz Word

Dead hand provision provision that only the original

directors of the company can withdraw the poison pill to

defend the take over or merger.

Diworsificationthe process of adding to ones portfolio insuch a way that the risk/return trade off is worsened.

Evergreen fundinga british term that describes a revolving

credit arrangement in which the borrower periodically renews

the debt financing rather than having the debt reach maturity.

Gridlocka government, business or institutions inability to

function at a normal level due either to complex or conflicting

procedures within the administrative framework or to impending

change in the business.

Book Quotes:

whenever youre in conflict with someone, there

one factor which can make the difference betwe

damaging your relationship and deepening it. Th

factor is attitude William James

If you only do what you know you can do, y

never do very much Tom Krause

Be yourself. Above all, let who you are, what y

are, what you believe, shine through eve

sentence you write, every piece you finish.

John Jakes

Tag Lines:

The right relationship is everything - jpjpjpjp

morgan chase bankmorgan chase bankmorgan chase bankmorgan chase bank

its time for clarity - kpmgkpmgkpmgkpmg

passion for road - mazdamazdamazdamazda

software powers the internet - oracleoracleoracleoracle

what can brown do for u? - upsupsupsups

make it happen. where people matter - thethethethe

royal ban k of Scotlandroyal ban k of Scotlandroyal ban k of Scotlandroyal ban k of Scotland

a. SIDBI b. Bank Islam

c. Bank Of Baroda d. AMDThe right relationship is everything.

The right relationship is everything.

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Contributions made by :

(1st Year Students)Quotes/Headlines/Taglines Fouzia TaranumLogo Gnana Devi

(2nd Year Students)News Bhavana KatarukaGraph Anshu Awasthi

Article Savitha ChackoQuiz Usha BProof Reading Sindhu B NavaliPearls Of Wisdom Gopal Pai MInterview Soumya RanjanStock Ratna/BuzzWord/Book Quotes Ritesh VermaEditing Mathew A Thomas