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The U.S. economy contracted at a 3.8 percent annual rate in

fourth quarter, less than expected but still at its weakest s

1982.

The Israel Supreme Court has directed Sun Pharmaceut

Industries and Taro Pharmaceutical to renegotiate the takeo

dispute between the two companies.

Cisco announced that it has completed its purchase of privat

held Richards-Zeta Building Intelligence Inc., The Santa Barb

Calif.

General Motors Corp could face a multibillion-dollar tax

under its $13.4 billion federal bailout, a scenario the automa

faces just weeks before it must file a restructuring plan with

government.

stFe

b200

9

lume2

,Issue

21

po Rate-5.5% Reverse Repo 4%

Forex Reserves $247.62 bn

Cash Reserve Ratio - 5.5%

P - 4.6% Inflation Rate - 5.64%

Issue Attractionstional Headlines 1

ernational Headline 1

mpany Review/zzWords

2

ssword/Quiz 3

estors Check 4-5

umni Desk 6iz/Crosswordswers, Placements

7

15 days Movements

To succeed in business it is necessary to make others see things as you see

them. - John H. Patterson

Unitech seeks govt. nod to raise Rs 5,000 cr via GDRs.

IB18 Broadcast to acquire 43.4% stake in Viacom18 Media.

Bajaj Auto launches XCD 135 DTS-Si and plans gearless scoot

TVS in talks with oil marketing cos. for nitrogen inflators.

TRAI wants more than one CDMA player to get 3G spectrum.

Reliance Power bags Rs 20K cr Tilaiya power project.

L&T increases stake in Satyam from 4% to 12%.

Spice joins race to buyout Satyam, ready to spend $408mn

acquire 51% stake.

Dish TV market share near 48% despite new launches.

Tata likely to produce 80,000 anos in 2009-10.

India and Kazakhstan have signed a civil nuclear pact un

which the uranium-rich Central Asian country would

supplying the much-needed fuel to atomic plants in the country

International Headlines

National Headlines

CHAANAKYACHAANAKYACHAANAKYACHAANAKYA

Wealth Incorporation

Christ University

Institute of Management

Finance Club Initiative Presents...

1 9 2 0 2 1 2 2 2 7 2 8 2 9 3 0

Sensex

Sensex

1 2 3 4 5 6 7

Rs/$

Rs/$

20 21 22 27 28 29 30

Gold(per 10 gram)

Gold(per 10 gram)

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MindTree is a global IT and R&D Services Company co-headquartered in the U.S. and India. IT Servicesbusiness provides a range of services to CIOs across a variety of industry segments. R&D Services business

works with Technology companies to help build innovative products by providing Product Realization

services. Around 75% of the revenues come from IT services & the balance 25% come from R&D services.

Widely known for its focus on human capital development, MindTree has been consistently rated as the most

admired employer by several industry surveys. MindTree has also been ranked in the Top 10 among "Great

Places to Work" for in 2005-2007 in a study conducted by Grow Talent Company and Businessworld. Theyhave partnered with clients on over 165 engagements. A sample of their clients includes: Alcatel Lucent,

Eastman Kodak, EMC Corp., Hindustan Unilever Limited, Johnson & Johnson, Kraft Foods, Kyocera,

Mitsubishi, Pfizer, Qualcomm, Sony and Volvo.

FINANCIALS

CAREERS AT MIND TREE

MindTree recognizes you as a person with skills, needs, and aspirations. They have consistently received

accolades for providing a caring, stress-free work environment that is conducive to holistic personal growth.

MindTree believes in delivering outstanding technology-based services and solutions with Imagination,

Action, and Joy. Policies and programs are feedback-driven, demographics-based, designed inclusively and

revisited regularly to ensure that they keep abreast of changing expectations.

Learning at MindTree is learner-centric, aligned to business goals and customer needs. They provide ample

opportunities for learning and growth. Their lecture series, for example, addresses core issues of concern to

most IT professionals, including transitioning to mid-level positions; life after 40 for an IT professional; andwork-life balance.

Company Review MINDTREE CONSULTING

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen tod

Laurence J. P

Buzz Word

Green Fund: A mutual fund or other investment vehicle that will only invest in companies those aredeemed socially conscious in their business dealings or directly promote environmental responsibility.

Gray Knight: A second, unsolicited bidder in a corporate takeover. A gray knight enters the scene in

order to take advantage of any problems between the first bidder and the target company.

Lemming: The act of following the crowd into an investment that will inevitably head for disaster.

Level 3 Assets: Assets whose fair value cannot be determined by using observable measures, such as

market prices or models. Level 3 assets are typically very illiquid, and fair values can only be

calculated using estimates or risk-adjusted value ranges.

Money Laundering: The process of creating the appearance that large amounts of money obtained

from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.

PARTICULARS 2008 ( Rs. In Cr.) 2007 ( Rs. In Cr.)

Total Income 761.60 597.67

Net Profit 104.18 90.05

EPS (Rs.) 27.47 23.85

Avg Cont./Employee( Rs. Th) 1311 1418

ROE 19.4 % 20.7 %

Featherbedding: Term used to describe the practice of a labor union requiring an employer to hiremore workers than necessary for a particular task.

Fast Market: A financial market that has a combination of high volatility and heavy trading.

8/6/2019 21_1st February 2009 (010209)

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It is rare to find a business partner who is selfless. If you are lucky it happens once in a lifetime. Michael Eisne

Down

Q1.Any option with the general characteristic that the underlying security's price must

reach some trigger level before the exercise can occur?

Q2.Which financial exchange listed the first exchange traded derivatives contract in the

US?

Q3.A term used for a remedial civil action rather than a punitive civil action wherein

funds received through illegal or unethical business transactions are paid back with

interest to those affected by the action.

Q4.A swap whereby the notional value is increasing over time.

Q5.Vijay Mallaya owned United Spirits Ltd (USL) is all set to strike a strategic deal with

which company?

Q6.What company's stock has been included in the Dow Jones Transportation Average

ever since the index was created more than a century ago?

Q7.A ratio used to determine return relative to drawdown (downside) risk in a hedge

fundQ8.A standardized classification system for equities developed jointly by Morgan

Stanley Capital International (MSCI) and Standard & Poor's.

Q9.When was the convertibility clause in the loan agreements with financial institutions

Included?

Q10.Which theory of banking holds that banks should restrict their lending to short term,

self liquidating loans?

Quiz

Crosswords

The first compan

to ever issue sto

was "The Myster

and Companie M e r c h a n tadventurers for th

d i s c o v e r i e regions, dominianislands, and placunknown." (Lat

simplified to "ThRussia Company")

T h e s e c u r

relatively hig

yielding stocks acalled blue chipThe term w

taken from th

game of pokewhere blue chi

are more valuab

than white or rechips.

On Wall Stree

the term "BDerek" is used

describe a perfe

s t o c k oinvestment. Th

name Bo Dereactually come

from the 197movie "10"

w h i c h s h

por trayed th"perfect woman".

The Ford Mot

Company made

profit of just $2 o

each of the Mod

Ts sold for $250 1925. The compan

counted on the sa

of spare parts at i

48,000 outlets

bring in big profit

Did you Know

1.What are funds that invest in bothdebt and equity called?

3.Refers to the total investmentholdings of the fund.

4.Which is the world's 2nd largesttraded commodity?

5.First Indian bank to open a branchoutside India?

Across

2.First bank in India to be get an ISOcertification?

6.The paying off or buying back of unitsof a mutual fund / bond by the issuer.

7. Which was the first private mutual fund company in India?8. _______________company also sells Dasani water, Minute Maid, and Barq's.9. Which was the first public sector mutual fund to be set up after the Unit Trust of

India?

8/6/2019 21_1st February 2009 (010209)

4/7If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted sucBil

The Hindsight & The Foresight

Stock Market a heavenly abode for its connoisseur, hope for the opportunist, temptation for the

inexperienced and an anathema for the insipid. But for the last one year the market was nothing but a cipher

which no one could break. What goes up comes down and it came down very soon. The market is not a

Chinese-crazy-ball thatll bounce back the way it landed. In fact, it has still to recoup from the impact of thefall and take a cognizance of the damage caused due to the crash-landing.

A previous analysis of the behavior of the market was discussed in the 2nd volume of the 15th issue of

Chaanakya (November 1, 2008). In this issue Im using the technical chart of NIFTY for the past one year to

highlight how the flying machine lost its altitude and where it is headed.

It all started in the last week of January-2008 when the FIIs triggered panic selling. From then till late

October the NIFTY fell making lower lows and lower highs. The Bollinger Band (blue envelope) contracted

during the August month indicating a breakdown on the anvil, so did the MACD and RSIindicator that

8/6/2019 21_1st February 2009 (010209)

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INVESTORS CHECK . Contd.

Albanian lek (plur

lek) is the currenc

for Albania. It wa

introduced by th

National Bank

Albania and has bee

in use sinc

1926. Between 194

and 1965, the le

was pegged to th

Soviet ruble at 12

lek to 1 ruble. It

no longer issued bu

is still accepted a

currency. In 199

the new "lek valuta

was introducewhich is equal to 5

lek.

A pyramid schem

is a non-sustainab

business model tha

involves th

exchange of mone

primarily fo

enrolling othe

people into th

scheme, ofte

without any produ

or service bein

delivered. Pyram

schemes are illegal

many countrie

including the Unite

States, the Unite

Kingdom, Franc

Germany, Canad

etc.

Fully one-third

currency

circulation in the U

was believed to b

counterfeit in 186

when the Secr

Service wa

established to comb

counterfeiting.

Did you Know

moved in tandem with the market during the period. MACD bars were widening

during the period showing that the selling pressure was huge which is corroborated by

the RSI chart when it reached the oversold territory in October month.

The bears ruled the year 2008, as is evident from the ADX chart where the DI line is

above the +DI line for the maximum period. The ADX line also indicated a strong

downtrend which meant the worst was not over yet. The market took its beating whenit reached its low of 2253 on October 27 (the candlestick with a long wick). For the

November month MACD and RSI showed a divergence in a falling market and the

ADX line also took a nose dive that indicated the downtrend is weakening. The

Bollinger Band expanded from mid September indicating a high volatile period ahead

which continued till early January-2009. The candlestick charts closed below the

Bollinger Band many times during the volatile period as the market repetitively broke

its fragile support levels.

If we observe the candlestick charts between November and December, the market

gave very good buying opportunities when it formed a double bottom in this period

and made a short progress till early January 2009. Due to lack of liquidity and thin

quarterly results posted by India Inc., the uptrend couldnt be sustained and the market

declined after reaching its resistance level when it touched the upper band of the

Bollinger Band. At present the ADX chart shows a weak trend and the market is

currently range bound due to the announcement of 3rd quarterly results, more are

awaited. The small candlesticks in January month reflect the indecision prevailing in

the market and the Satyam scandal has kept the already weak market in doldrums as

more skeletons may be revealed. The MACD and RSI have also started declining

forming lower lows and lower highs. But, there could be a possible formation of a

third bottom that may complete the triple-bottom pattern starting from November-

2008. But the pattern can be confirmed only when the market breaks the neckline and

moves upwards by at least 3%-5% creating a higher support and resistance level.

As of now one can expect very less good news for the market as the year 2009 will see

more reserved approaches as the financial meltdown will spill over its effects into the

real economy and cut down production due to contracting demand. India Inc. is

bracing itself for turbulent times ahead as cost cutting will be a crucial factor for

survival and new strategies will have to be formulated to keep the revenues afloat and

maintain enough working capital. All sectors have been badly hit especially Realty,

Automobile, Petroleum and Airline. With more job losses, liquidity crunch and fear

the average Indian is not ready to loosen his purse strings. Therefore, corporate Indianeeds to come out with innovative ideas to entice the customer to shell some money

and keep the revenues ticking. Obviously bottom lines will be hit due to costly raw

materials, discounts and competitive pricing and the companies will have to absorb the

maximum increasing costs as none wants to pass the burden to the customer till

situation demands. The election time can cause another anxiety attack to the market

and thus the saying discretion is the better part of valour holds good till signs of

recovery are clearly evident.

8/6/2019 21_1st February 2009 (010209)

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ALUMNI DESK:

NAME: Sandeep Kr.ChordiaSandeep Kr.ChordiaSandeep Kr.ChordiaSandeep Kr.Chordia

ORGANIZATION: SBI life insurance co ltd.SBI life insurance co ltd.SBI life insurance co ltd.SBI life insurance co ltd.

WORK PROFILE: Accounting & IT

PERSONAL MAIL_ID: chordia.sandeep@gmail.com

CONTACT NUMBER: 09610445665BATCH: 2005-2007

CURRENT LOCATION: Mumbai

EXPERIENCE IN THE ORGANIZATION:EXPERIENCE IN THE ORGANIZATION:EXPERIENCE IN THE ORGANIZATION:EXPERIENCE IN THE ORGANIZATION: Its been an excellent tenure working in SBI life insurance Co lMumbai. Work satisfaction, excellent opportunities to grow with company, team work are few of the benefit

am enjoying here.

MESSAGE FOR THE STUDENTS:MESSAGE FOR THE STUDENTS:MESSAGE FOR THE STUDENTS:MESSAGE FOR THE STUDENTS: To achieve career goals one has to be focused, dedicated and resu

oriented. If our efforts are not reaping benefits then they are of no use...So put best efforts in right direction.

ALL THE BEST!

NAME: Ravi Kumar P NRavi Kumar P NRavi Kumar P NRavi Kumar P N

PREVIOIUS ORGANIZATION: Oracle Financial services (i-flex solutions)

CURRENT ORGANIZATION: Antharjaala.comAntharjaala.comAntharjaala.comAntharjaala.com

WORK PROFILE: Managing Director

OFFICIAL MAIL_ID: antharjaala.com@gmail.com

PERSONAL MAIL_ID: pnr.kumar@gmail.com

CONTACT NUMBER: 09739598369

BATCH: 2005-2007

CURRENT LOCATION: Mysore

Chaanakya is a very good effort by all the students who are giving their best to make it a perfect financi

magazine of the college. Keep it up.

Sandeep Kr. Chordi Alumni (2005-200

FEEDBACK

8/6/2019 21_1st February 2009 (010209)

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1.Barrier option

2.Chicago board

trade formed 1848

3.Disgorgement

4.Accreting PrincSwap

5.Diageo6.Union Pacific's

7.Calmar ratio

8.Global Indus

C l a s s i f i c a t i

Standard

9.1972

10.Commercial ltheory

Formerly t

QQQ, QQQQ w

the ticker sym

for the Nasdaq 1

Trust, which is

ETF that trades

the Nasdaq. Tsecurity offe

broad exposure

the tech sector

t r a c k i n g t

Nasdaq 100 Ind

which consists

the 100 large

and most activ

t r a d e d n o

financial stocks

the Nasdaq. It

also known

"cubes" or t

"quadruple-Qs".

ROSSWORD ANSWERS

Did you Kno

Quiz AnswersEditing/Compiling Arihant PatawariNews Chetan P.

ShriyaCompany Review Mohammad NimakwalaInvestors Check/Stock Ratnas Sebin EmmanuelStudents Article JerryCoordination Fouzia Tarannum B.

Contributions made by 1st year:

Editing/Compiling Gyanesh ShroffDid you know, Quiz Megha GargQuotes, Book Quotes Maria FernandesGraphs, Buzzwords, Indices Paloma LoboCrosswords HiteshCommunication Archana

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

TEAM

ONGRATULATIONS FOR PLACEMENTS IN SIDBI

SUJAY VISHWANATH