Business Awareness Session_29th July

8/8/2019 Business Awareness Session_29th July

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Newspaper Session 1 Newspaper Session 1

Vinay Chirania


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Online Resourceshttp://www.investopedia.com/

http://www.moneycontrol.com/

http://epaper.timesofindia.com/index.asp

http://en.wikipedia.org/wiki/Main_Page

http://placement-iilm.blogspot.com/

http://www.howstuffworks.com/


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Question 3Who is CE O and MD of TCS

N Chandrasekaran


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Question 4Who is the Secretary General of United

Nations?

Ban Ki Moon


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Question 5

What was Indias export figure in May $ 16 billion ( up by 35%)

Imports 27.4 billion (30.8% up)

Commerce SecretaryRahul Khullar

Exports during April-March 2009-10

$176.5 billionImports $278.7 billion


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Question 6

What is the size of Indias ForeignExchange Reserve

$ 273 billion


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Question 7

What is the size of Indias GDP in $ billion?

It is around $1200 billion ($1.2 trillion) Chinas GDP is around $4.33 trillion USs GDP is around $14.2 trillion


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Question 8

Who was the CE O of Union Carbide whenBhopal gas incident happened

Warren Anderson


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Question 9

Who is the CE O and Managing Director of Infosys?

S Gopalakrishnan Colleagues call him Kris


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Question 10

How many states are there in India?

28 states and 7 Union Territory Delhi is considered as National Capital

Territory


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Question 11

Who is the Chairman of General Motors?

Ed Whitacre Jr.


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Question 12

Who is Anshu Jain?

Head of Corporate Finance andTransaction Banking of Deutsche Bank

Seen in line to take over from CE O Josef Ackermann in 2013


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Question 13

Who is the Chief Minister of India?

Chief Minister of India.????


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Top CE Os in India1

Who is CE O and MD of ICICI Bank

Chanda Kochar

Manisha Girotra is MD of which companyUBS India

Who is CE O of Axis Bank Shikha Sharma


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Top CE Os in India2

Who is the CE O of JP Morgan IndiaKalpana Morparia

Who is the Chairman of L&TAM Naik

Vinita Bali is the MD of which companyBritannia


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Match the Following

Chanda Kochar Axis Bank Manisha Girotra ICICI Bank Shikha Sharma L&TAM Naik BritanniaVinita Bali JP Morgan

Kalpana Morparia UBS India


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QuizWho is Vinita Bali

Who is CE O of Axis Bank Name the CE O of ICICI Bank Shikha Sharma is associated with whichcompanyWho is Chairman of L&TKalpana Morparia is CE O of whichcompanyBritannia, Shikha Sharma, Chanda Kochar Axis Bank, AM Naik, JP Morgan


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Top CE Os in India3

Who is Chairman of Mahindra & MahindraKeshub Mahindra

Who is VC & MD of Mahindra & MahindraAnand Mahindra

Who is MD & Chairman of Hero HondaPawan Munjal


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Top CE Os in India4

Who is Chairman of GVK GroupGVK Reddy

BM Bansal is Chairman of which companyIndian O il

Subash Chandra is associated with whichcompanyZee (Chairman)


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Top CE Os in India5

Who is Keki MistryCEO of HDFC

Debu Bhattacharya is MD of which companyHindalco

Harsh Goenka is associated with which companyRPG Group (Chairman)


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Match the following

HDFC Debu Bhattacharya (MD)GVK Reddy Subash Chandra (ChairmanB M Bansal Harsh Goenka (Chairman)Zee Chairman GVK Keshub Mahindra MahindraPawan Munjal Indian O ilHindalco Keki Mistry (MD)RPG Group Hero Honda


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Quiz

Debu Bhattacharya (MD)Subash Chandra (Chairman)B M BansalHarsh Goenka (Chairman)Zee ChairmanMahindra & MahindraIndian O ilKeki Mistry (MD)RPG Group


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Top CE Os in India6

Who is MD MallyaCMD of Bank of Baroda

Who is CMD of Bank of IndiaAlok Misra

Who is Chairman of Bajaj HindustanShishir Bajaj


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Top CE Os in India7

Who is Rashesh ShahChairman of Edelweiss Capital

Who is CMD of Union Bank MV Nair

Who is Executive Director of Reliance Industries Nikhil Meswani


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Top CE Os in India8

Who is Naina Lal KidwaiGroup GM and Country Head, HSBC India

Who is MD of Kotak Mahindra Bank Uday Kotak

Who is Manish KejriwalSenior MD & Country Head, Temasek Holding


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Match the FollowingBank of Baroda MV Nair Bajaj Hindustan Nikhil MeswaniAlok Misra Kotak Mahindra Bank Uday Kotak Shishir Manish Kejriwal MD Mallya

Naina Lal Kiwai Edelweiss CapitalRashesh Shah Bank of IndiaUnion Bank HSBCED of Reliance Temasek Holding


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Quiz

Temasek HoldingED of RelianceUnion Bank Bank of India

HSBC Bank Rashesh ShahAlok Misra

Bajaj HindustanMV Nair Edelweiss Capital

Bank of Baroda


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Top CE Os in India8 Nitin Paranjpe

CEO , HUL

OP BhattChairman of SBI

Venugopal DhootVideocon

SAIL ChairmanSK Roongta/ (New Chairman) CS Verma

Prashant Ruia Director, Essar Steel

Harsh Mariwala Chairman Marico


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Union Ministers

Pranab MukherjeeMinister of Finance

Kamal NathMinister for Road and Transport

Anand SharmaCommerce and Industry Minister


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Final Quiz2Bank of India

Bank of BarodaHSBC Bank HDFC Bank

BritanniaVideoconTemasek HoldingKotak Mahindra Bank UBS IndiaL&TIndian O il

HUL


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Todays News Headlines.1Gold touches global high at $ 1265 an ounce

China announced plans to make its currencyYuan more flexible Would result in higher growth rate for countries having

significant trade relations with China

Critics were arguing that currency is undervalued and givesChina an unfair advantage in trade

Kraft plans India foray with confectionery It acquired Cadbury for $ 19.5 billion

BoR and ICICI merger UK Chancellor of the Exchequer George Osborne

JSW Infra invites PE investments Ports and logistics arm of Rs 17000 cr Sajjan Jindal led JSW

Group


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Todays News Headlines2Hinduja Global Solutions (HGSL), BP O arm of

Hinduja Group acquires Careline ServicesSensex was trading at 17793 Hindustan Motors jumps 20% to Rs 24.6 on

stake sale reports What is Sensex?

Rs 1500 cr package recommended for Bhopal victims


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Todays News Headlines3Re rises to highest in one month

Closed at 45.74 /$ Yuan 6.79/$

ICVL consortium closes in on buying intoAustralian property International Coal Ventures Limitied (ICVL) is a

joint venture of 5 public sector companiesSAIL, CIL, NTPC, NMDC, RINL


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Vinay Chirania


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Thursdays News Headlines1Fortis Healthcare and Malaysian fund Khazanah vyingfor control of Parkway Holdings

Fortis is owned by Ranbaxys former founders Malvinder andShivinder SinghFortis Board has approved resolution to raise Rs 2750 cr throughsecurities and raise borrowing limits to Rs 6000 cr

Tata Motors planning to raise Rs 2500 cr throughequity, FCCB or GDR Foreign Currency Convertible Bonds (FCCB) , GlobalDepository Receipts (GDR) see investopediaTata Motors debt around Rs 18800 cr

Bought British brands Jaguar-Land Rover (JLR) for $ 2.3 bCoal India wont adhere to 25% public float norm

Minimum 25% public holding for listed firms in phased manner Nearly 175 companies including 35 PSUs such as NMDC andHindustan Copper will have to offer shares to publicPut on hold for now for PSUs


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Thursdays News Headlines2SEBI Chief C B Bhave

Growth Prospects fire up tea stocksTea shorten may worsen in the coming monthsHarrisons Malayalam led therise in stocks,Mcleod Russels (Worlds biggest tea growing company)

Andhras Bank stock price has jumped by 27% since start of 2010

Bank grew its loan book by 27% ( Industry 17%)R OA 1.4% in 2010 ( 1% for indian banks)

O il drops below $78 per barrel

Who is Germanys Chancellor?Angela Merkel

Renuka Sugars signed agreement to acquire majority stakein Brazilian firm Equipav for Rs. 1551 cr

25% discount than price agreed earlier Managing Director Narendra Murkumbi


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Thursdays News Headlines3BP appointed Carl -Henric Svanberg to replace Peter Sutherland as chairman

CEO Tony Hayward

With over $9 b, India tops WBs loan listHandicrafts exports up 19% in May on strong US demand

$154 mn

IGI Terminal 3 to open in JulyCapable of handling 34 million passengers annually


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Fridays News Headlines1FIIs put in Rs 8850 cr in June

Pulled out around Rs 9500 cr in Maygrowing concerns over the debt crisis in Greece

M S Banga to join global PE firm Clayton, Dubilier andRice LLC (CDR) as an operating partner

Ex- CE O of HUL

RIL formally announced its $1.3 b deal to acquire a 45%stake in Pioneer Natural Resources shale gas assetsWorld Champion Italy knocked out

Suffered 3-2 defeat to Slovakia

India won Asia cupJohn Isner wins the longest match ever Julia Gillard is Australias first woman PM

Kevin Rudd


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Fridays News Headlines2BSNL says TRAI has used incorrect information to harmBSNL and favor private telecom companiesRajiv Dube joining Aditya Birla Group

credited with building Tata Motors $4-billion passenger car business from scratch

HCL founder-chairman Shiv Nadar to donate Rs 585 cr for

philanthropic investment in Education sector Nine investment banker interested in managing the HindustanCoppers FP O (follow-on Public Offer)

CMD Shakeel AhmadFPO will see the company dilute only 20% of its equity

India led M&A touch $40 b in Jan June 2010Indian transactions accounted for a sixth of the total Asian deals of $242.1 billionBhartis acquisition of Zain assets in Africa for $10.7 billion tops the Asian list.Indian companies are also being bought with drugmaker Abbots buy of PiramalHealthcares formulations business for $3.72 billion


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Vinay Chirania


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Mondays News Headlines1Rcom to merge tower business (Rel Infratel) with GTL Infra

Enterprise Value of Rs 50,000 cr and 80,000 towersManoj Tirodkar Owner of GTL InfraRcom may pay part of its using cash proceeds from the dealIndus Tower 1 lakh, Bharti Infratel 30,000

G20 Meet in Canada

Blackstone may buy 12% in Monnet Power Blackstone India headed by Akhil GuptaMorgan Stanley Infra Partner bought 44% in Asian Genco, 3i power inAdani to benefit from deficient power production in indiaMonnet Power to build a power plant in Angul, Orissa

Karl-Ulrich Kohler to replace Kirby Adams as CE O of CorusRBI Governor??, HDFC CE O??Gold up to Rs 18820, Food Inflation 16.9%HDFC bank buys BSE stake via swap

Offer price around Rs. 375, deal partially in exchange of banks holding in CentalDepository Services (CDSL)


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Mondays News Headlines2Rubber prices hit new high

Rs 176 per kg

Cement Prices to be soften by 8-10% - Rs. 200 -220 per 50 kg bagCommunication & IT secretary

R Chandrashekhar

Read article by Manoj KohliITC Chairman

Y C Deveshwar

Mexican O il firm Pemex may partner RIL to set up 14.9 mtrefineryPiramal Healthcare to get $ 2.1 billion cash from Abbott

Planning to buy Canadian firm Biosyntech for Rs 17 cr


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Tuesdays News Headlines1Vedanta may get to mine in Niyamgiri

Protests by foreign NG Os and activists had stalled the company plans to mine bauxite inKalahandi in OrissaVedanta Resources Head Anil Agarwal

ULIPs to offer 4.5% assured return on pension and annuity plans5 year mandatory lock in periodTo get guaranteed return most of the premium would have to be invested in fixed incomesecurities; Admin charges and other charges to be spread over 5 yearsAMFI Association of Mutual funds in IndiaAUM Asset under management

Spice exporters launching operations in Vietnam to ensure steadysupply of pepper

Natural Rubber prices peak to Rs 180 a kg

Ruias controlled Essar Steel acquires UK based ServosteelCummins India plans to invest Rs 1138 cr

Largest maker of Diesel engines in the worldMD Anant Talaulicar, Cummins runs joint venture with Tata Motors

Zydus accepts patent infringment charges levelled by Meda

Pharma


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Tuesdays News Headlines2IndusInd bank to raise Rs. 1000 cr via QIP

It has RBIs permission to open 127 branches this FYBank will increase number of branches to 700 in 3 yrs from 210MD and CE O Romesh Sobti

Read Decoupling article on Page 16 and Third Depression by PaulKrugman on Pg 15

Mobile companies add 16.3 m new users in MayTotal wireless connections 61 croreBharti Airtel 13 cr, Reliance Communication 10.7 cr

Core sector industries grow 5% in MayCrude O il, Petroleum, coal., electricity, cement and finished steel26% weight age in Index of Industrial Production (IIP)IIP expanded at 17.6% in April (May to be released on July 12)

Mercedes to sell used cars in India


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Vinay Chirania

Th d N H dli 1


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Thursdays News Headlines1Kotak Mahindra sells 4.5% stake to Sumitomo Mitsui (Japan) for Rs. 1366 cr

Rs 833 per share, Deal will bring promoters stake to less than 49%

Earlier this week, Dutch company ING sold its entire stake of over 3% in Kotak Mahindra for Rs 800 cr Kotak plans to use the capital raised for both organic and inorganic growth

After banning Chinese telecom equipment, Govt has putBlackberry, Skype and gmail under the security scanner

DoT Department of TelecomContent going through the telecom services provider is in readable format

O il exploration companies would be able to choose blocks for exploration

Petroleum Minister Mr. Murli Deora

Individual Public Sector Banks may soon decide on wagesForeign investment limit may be hiked for DTH, Head end In theSky (HITS)

TRAI has proposed a hike from 49% to 74%FM channels 20% to 26%, Retaining the cap for news and current affairs TV channelsAll FDI less than 26% would be through automatic routeInvestment of 26% and above will require aapproval of Govt.


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Thursdays News Headlines2 Nakoda Ltd buys South Korean company Kyunghan Industryfor $ 40 million (Rs 190 cr)

Nakoda is one of the largest producers of fully drawn yarnCMD of Nakoda Mr. B G Jain

Sundaram Finance buys out BNP Paribas stakeFormer MD of Nippo Batteries O bul Reddy passed away

Founder of Panasonic Carbon India co

Adani Group planning to set up another 4000 MW plant atMundra

Chairman Gautam Adani

Tata Power raises $ 300 m via coal SPVsO lympus Capital Holdings Asia is a PE firm

Maruti Q1 sales grown by 24% on strong demandR C Bhargava Chairman MSIL

Indias external debt rises 16.5% to $261 billion18.9% of GDPShort term loan - $ 52 b (20%) and Long term debt - $ 210 b (80%)


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Thursdays News Headlines3Fox unveils seven new channels in India

Part of Rupert Murdochs News Corp

Godrej to shed three Sara Lee BrandsAmbipur, Brylcreem, Kiwi set to be withdrawnSara Lee is American consumer goods companyA Mahendran MD GHPL and GCPL

HDFC Bank pegs base rate below SBIsSBI 7.50%,

Mobile Number Portability delayed againChrysCapital exits Hathway Cable

MF arm of Reliance and SBI pick up major chunk

India renegotiating tax treaty with MauritiusCommerce and Industry Minister??Highest FDI investment in India from Mauritius

Total FDI in 2009-10 around $18 b

World Sport Group (WSG) threatens to sue BCCIOver termination of its global media rights to IPL matches


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Fridays News Headlines1SEBI made it tougher for non finance business houses to setup Mutual Funds

SEBI Chief??

Spice Jet CE O Sanjay Aggarwal quitsSpice Jet was recently acquired by Kalanithi Maran, owner of Sun TVKishore Gupta to be acting CE O

Inflation slides to 12.92% from 16.9%Base effect

Read article on Pg- 1 on turnaround Story

Fortis Promoters offer to buy rest of Parkway stakeS $ 3.8 per share is 2 cents more than KhazanahFortis Chairman??On May 27 Khazanah offered to inc its stake in Parkway from 24% to 51.5% to snatch

control of company from FortisFortis bought 24% stake from TPG earlier this year and has since inc its stake to 25.4% andhas control of the board

Tate & Lyle to exit its sugar refinery business through $315 mdeal

Selling to American Sugar refineryCadbury sale to Kraft Food (UK company bought by US based company)


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Fridays News Headlines2Kotak Mahindra open to inorganic opportunities Uday kotak Rs/$ - 46.58Rcom to buy Digicable

Rcom to spin off its television business and merge it with Digicable for a 40% stake in

Sharad Pawar to be ICC head

Malcolm SpeedFIFA President

Sepp Blatter

Sensex falls 191 pints on weak China dataChinas rapid growth cooling down


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Vinay Chirania

Saturdays News Headlines 1


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Saturdays News Headlines1RBI hikes repo and reverse repo by 25 basis points

Repo Rate : Rate at which banks borrow rupees from RBI. A reduction in therepo rate will help banks to get money at a cheaper rate. (5.50 %)

Reverse Repo Rate : Rate at which RBI borrows money from banks. Banksare always happy to lend money to RBI since their money are in safe handswith a good interest. An increase in Reverse repo rate can cause the banks totransfer more funds to RBI due to this attractive interest rates. (4%)CRR : It is the amount of funds that the banks have to keep with RBI. If RBIdecides to increase the percent of this, the available amount with the bankscomes down. RBI is using this method (increase of CRR rate), to drain outthe excessive money from the banks

HSBC acquires RBS retail business in IndiaRNRL to be merged with Rpower

Seen as strategy to comply with SC order on supply of gas by RIL to RNRLRNRL has no power project, it has to resell gas to Rpower which could beconstrued as trading in gas

Mutual fund assets slump 16% in JuneChiefly because banks withdrew money to fund telecom spectrum spectrumCurrent Total AUM stands at Rs 675000 cr down from Rs 803000 cr

Saturdays News Headlines2


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Saturdays News Headlines2Who is Union Minister for Civil Aviation

Praful Patel

Who is building DIALGMR Terminal 3 to be inaugurated today

Asian Iron Ore prices dipChinas buying interest remained feeble

Crude O il falls to $72 per barrelSensex closed at 17,460Who is M V Nair

CMD, Union Bank

Who is CMD of PNBK R Kamath

Annual pay hike of CE Os, whole time directors of pvt bank not toexceed 10-15%Who is Union Telecom Minister

A Raja



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Saturdays News Headlines3Ranbaxy transfers research division for new drugs to DaiichiSankyo

Indian company turned into a pure generics drugmaker Atul Sobti , CE O and MD of RanbaxyDaiichi Sankyo is Japans second largest drug maker

Brigade Group to raise Rs 750 cr via QIPSanofi Aventis, Frances biggest drugmaker is planning major

acquisition in the USChina ups 2009 growth forecast to 9.1%Indian ad spend rises 32% - Nielsen CompanyM&A specialist V Anantharaman to rejoin StanC

Have structured many deals for Tata group companiesUruguay beats Ghana, Netherlands beats Brazil to enter semis

Nadal v/s Berdych in Wimbledon mens finalSerena Williams v/s Zvonareva

Quiz


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QuizWho is CII President

CII - Confederation of Indian Industry

Hari S Bhartia

Who is FICCI PresidentFICCI Federation of Indian Chambers of Commerce and IndustryRajan Bharti Mittal

AssochamSwati PiramalThe Associated Chambers of Commerce and Industry of India

Who is C RangarajanPrime minister's Economic Advisory Council chairman

Which committee recommended oil decontrol

Kirith Parekh


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Vinay Chirania

Mondays News Headlines1


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Mondays News Headlines1 Neil Mills to be new CE O of SpiceJet

He is currently serving as the CF O of Flydubai

Sanjay Aggarwal stepped down within few weeks of SpiceJet takeover byKalanithi Maran (Sun TV owner)

Reliance Power RNRL swap ratio set at 1:4Infrastructure fund set up by Macquarie SBI to buy into WirelessTata Tele Info Services (WTTIL)

WTTIL or Tata Quippo came into being in 2009 by amalgamation of tower belonging to Quippo Telecom Infra ltd ( QTIL) with Tata TeleservicesQTIL is controlled by Kolkata based Srei Infra Finance promoted by KanoriafamilyTata Quippo has 39000 towers

US i-bank Houlihan Lokey buys minority stake in Avista AdvisoryAvista founded by Ravi Kocchar JV would focus on M&A, capital raising and financial restructuringHoulihan Lokey is looking at recruiting Indian talentFirm has been an advisor in some of the largest bankruptcy deals in USAdvising General Motors on Ch 11 asset sale to US treasury and on Lehman

Brother restructuring


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Mondays News Headlines3Finmin to ask SEBI to review selling shares through the presentmethod of French auction

Ministry is considering Book building NTPC issue managed just 16% retail subscription and REC 22%

Tyre demand likely to grow 20% this fiscalOn back of strong demand of vehicles across all segments

Emirates becomes first airline to offer inflight mobile serviceIDBI bank, Axis bank led group to part finance Fortis offer of $2.3 b to acquire Singapores Parkway HoldingRatnakar Bank has appointed Vishwavir Ahuja, former MD &CEO of BoA as CE O

IT cos hunt for talent onlineLinkedIn, Orkut and Facebook for less than 3 yr work exWho is Daburs CE O

Sunil Duggal (Read his interview on Pg 4 ET)

Tuesdays News Headlines1


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Tuesdays News Headlines1Who is Telecom Minister

A Raja

Who is CMD of BSNLKuldeep Goyal

SEBI , IRDA working on insurance IP OsRPL shares surges to one year high Rs 189, RNRLs plummets by27%Jet Airways to jointly developed BKC property with Godrej

BKC Bandra Kurla Complex

Ford start exporting Figo to South Africa

Wednesdays News Headlines1


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Wednesdays News Headlines1 Net direct tax collections up 15% in Q1

Rs 68,675 cr

Robust increase in corporate tax payout for the quarter In 2010-11 Budget, direct tax collection target for the current fiscal is Rs 4.3lakh crore

Govt took first step towards opening up FDI in multi brand retailGovt advocating that it would bolster farmers income, tame inflation and

bring technical knowForeign players like Carrefour, Walmart, Woolsworth interested in indianmarketGovt allows 51% FDI in single brand retail and 100% in wholesale cash andcarry tradeFDI in multi brand retail is prohibitedDIPP Department of Industrial Policy and PromotionIn last 10 yrs retail sector notched FDI inflows of around Rs 8000 cr Lack on investment in logistics of the retail chain seen leading to inefficientmarket mechanisms

Toyota-Kirloskar Auto parts will manufacture engine and

transmission parts for Toyotas new car Etios



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Wednesdays News Headlines2LIC may not reduce agent commissions while restructuring itsULIP to meet IRDAs new guidelines

Currently ULIPs constitutes 65% of the total sales at LICManaging Director, LIC Mr. D.K. Mehrotra90% of corporations business comes from 14.5 lakh agents

Volkswagens Vento sedan unveiled, to hit Indian roads by OctBajaj Auto denies reports of break up with Nissan

Rajiv Bajaj - MD

Telecom O perators may see dip in Q1 profitLower operating profitability and higher interest costs incurred on debt takenfor 3G spectrum

Ansaldo Caldie and GB Engg plan another venture for making boiler partsMedical devices company O pto circuits set to enhance capacity inMysore and MalaysiaIndiabulls eyes 40% growth in home loans

Increase its market share from current 4-5.5% to 7-8% by 2014


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Thursdays News Headlines1


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Thursdays News Headlines1SEZ developers step up demand for continued tax sops

Banks and FIs have Rs 30000 cr exposure to SEZ projects that are awaiting

new unitsIf benefits under SEZ Act are taken away, these loans could turn NPADTC (Direct Tax Code) draft does not provide for tax holidays to new unitsA Special Economic Zone (SEZ ) is a geographical region that has economiclaws that are more liberal than a country's typical economic laws.Without tax benefits, there could be migration of economic activity to other countries

Fall in output, prices may hit cement companies Q1 profit

India Cements, Birla Corporation, Shree Cements and Grasim Industriesregistered YoY growth in production

Fresh capacity additions in recent months

Utilisation has fallen to 79 per cent in Q1 again 90 per cent in last Q1Coal prices on rise due to increase in demand

Aloft chain of US based Starwood Hotels enters India viaAoromatrix Hotels Pvt Ltd

Auromatrix plans to set up 10 Aloft hotels in India



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Thursdays News Headlines2BSNL unions oppose disinvestment and retrenchment

Commission headed by Sam Pitroda recommended this to improve its

functioningRetail stocks soar as Govt unveils FDI plansADAG firms hike stake in Fame to 15.77%Hindustan Media IP O subscribed 5.43 times

Price band of Rs 162 175

Raise around Rs 223 cr at lower end and Rs 241 cr at the upper

2 wheelers to be sold only with helmets : SCRaghunath Mashelkar to lead Mukesh Ambanis PE initiative

Private equity is money invested in companies that are not publicly traded ona stock exchange

Media firms oppose tax on copyright servicesPVR pictures in its petition has said that taxation of copyright falls under thedomain of states

BoA ML aims to double revenues in 4 yearsBank of America, Merrill LynchPresident and countr head Kaku Nakhate

Fridays News Headlines1


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Fridays News Headlines1Human Resource Development (HRD) Minister

Kapil Sibal

Corporate Affairs Minister Salman Khursheed

US Treasury SecretaryTimothy Geithner

R. M. Malla to be new IDBI CMDIndian Steel consumption rises 9.5% in JuneHCL buys 60% stake in Dubais NTS GroupSC clears Daiichis offer for Zenotech

Daiichi is Japanese drug maker, acquired 64% stake in Ranbaxy in 2008

Offer price of Rs 113.62 per share to buy 20% stake was fair and lawfulBharti plans to expand undersea cable network to 100 countriesFood inflation slips to 12.63%European Central bank left interest rates at 1%

Rising market borrowing costs and the sovereign debt crisis threaten to derailthe regions economy recovery



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Saturdays News Headlines1RIL may bid for Bombay Dyeing Polyester plant

To compete with Indo Rama & JBF Industries

Indo Rama is a leading manufacturer of petrochemicals and associateddownstream products up to textile raw materialsJBF - Diversified manufacturing company, active in yarn spinning and

polymers

Edelweiss seeks to buy 4% in CSBCatholic Syrian Bank Edelweiss CE O??

Rashesh Shah

Q1 indirect tax mop up signals economic surge43% rise to Rs 56,930 cr (custom, excise, service tax)

Infra Bond Norms issuedMinimum tenure of 10 years, lock in period of atleast 5 yearsInvestments up to a max of Rs 20000 eligible for tax benefit under Sec 80CC

Calcutta HC paves way for BoR-ICICI merger Airtel and other telecom stocks surges after upgradation from

Credit Suisse



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Saturdays News Headlines2GVK to invest Rs 1000 cr in Bangalore airport expansionO beroi hotels plans to double room capacity to over 6000 in next

five yearsP.R.S. O beroi Chairman, O beroi Group

Essar O il raises $147 m via FCCB saleJK Cement to raise Rs 800 cr from SBI, IDBI and Bob for overseas plantReliance Life to hire 1.5 lakh advisors in a year

Google CE O?Eric SchmidtGoogle Founders Larry Page and Sergey Brin

IMF says Indias economy might grow at 9.5%Telenor names Sigve Brekke head its Indian unit

To replace CE O Stein VellanSales havent met expectation in all regions

Kolkata based Titagarh Wagons buys French wagon unit for Euro 15mFirst time that a company associated with railway sector in india has made core railway linkedacquisition in developed country

IndusInd profits up 37% on interest income

MD Romesh Sobti Net Interest Income grew 77%


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Vinay Chirania


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yIndustrial Output growth dips to 11.5% in May

Slowest in 7 months

Index of Industrial Production (IIP) feel sharply from 16.5% in AprilIIP conveys the status of production in the industrial sector of an economy in a given periodMainly due to slower growth in manufacturing 12.3%Mining 8.7%, Electricity 6.4%

Dhoni has entered into contract with endorsement and talent

management deal worth nearly Rs 200 cr Rhiti Sports Management and Mindscapes One JV will manageendorsements and brand associations, corp profile

Godrej sells brand Ambi Pur for Rs 235cr P&G (Procter & Gamble) to take controlP&G acquired Sara Lees air care brand Ambi Pur

Fragrance the air at home and car

GMR increases stake in Karur Vysya Bank 4.9%AO N Corp acquires Hewitt Associates for $4.9 b

AO N Corp is world largest insurance broker

HCL CE O - Vineet Nayar



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yInfosys Q1 net dips 2.4%

Rising Staff costs, tax outgo

Net Profit Rs 1488 cr Tax expense grew 30% YoY to Rs 506 cr.CEO of Infosys?

S Gopalakrishnan

Europe would be reason for concern slow growthInfosys plans to hire 6000 more during the year 36000 total hiresTop 10 clients contribute 26% to the revenues

Essar arm to buy Navabharat Power Essar power is subsidiary of the Essar Energy

Navbharat Power is SPV by Malaxmi and Nava Bharat Ventures to set up a2250 MW coal fired power plant in Orissa

FM says that Govt will not interfere with regulatorsTata motors is the 2 nd largest passenger vehicle maker behindMaruti

Tata Motors sales grew 49% to 83,739

Hyundais sales rose 21% to 83018



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yExide Ind posts 35% growth in Q1 profits

Company to acquire entire shareholding in its 51% subsidiary Leadage Alloys

Network 18 and Sun TV have come together to launch pan-Indiadistribution companyIT cos may gain as technology to take a call on NPAs

Govt asks PSU banks that their banking software to decide whether a loan is bad onot

IOC to invest Rs 3600 cr in Rajasthan Atomic Power IOC chairman BM BansalFDI in multi brand retail ET pg-12

Why not? Not permitted because of the fear that it might adversely impact the lar unorganized retail sector FDI might also lead to large scale employment of the workforceWhy ?Removal of structural inefficiencies as also to improve post harvest managementthat requires investment in backend logistics and storage infraSteadier income to farmer though contract farmingWill bring technical and management knowhow

Min 50% investment in infra and logistics, jobs reserved for rural youth



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yL&T set to bag Rs 12000 cr Hyderabad rail project

Lowest bid among the financial bids of six consortiaO

ther bidders Transtroy consortium, Reliance Infra, Lanco Infratech, Essar CFO Mr Y.M. Deosthalee, CE O AM Naik Project is to be completed in 5 years

HDFC net rises 23% in Q1 Net Profit of Rs 695 cr, total approval grew by 30% and disbursal by 25%Growth in Interest IncomeCEO and VC??

Keki Mistry

Chairman Deepak Parikh

Falling China demand worries iron ore exportersWPI based inflation 10.55% in June from 10.16% in MayPiramal Healthcare sells diagnostics biz to SRL

Super Religare Laboratories (SRL) for Rs 600 cr Sold domestic formulations business to Abbott for Rs 17000 cr Chairman Ajay PiramalPiramal is now left with the over the counter business, customer manufacturing,

anaesthetics and critical care products



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y Nissan Micra to go on sale from todayO il Cos to review petrol prices every month

O NGC chief concerned at tax code effect on Mangalore SEZRs 50000 cr SEZ expected to provide employment to over 50000 peopleDTC proposes to do away with income tax holiday t the units coming up inSEZ after the implementation of the codeChairman - R S Sharma

Reliance launches DE O2 which will keep fabric free of odour Has applied for the patent this technologyDEO2 treated textile initially would be available in the suiting and trouser range

20% of retail investors hold shares in physical form

India and Oman in pact for $100 m investment fundSBI of India and State General Reserve fund of Oman

IL&FS to invest $60 m in hotel projectsGrowth in room demand for last 10 years was 10%Growth projected from 2009-10 to 2011-12 is 13%



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yReligare buys Citi reverse mortgage business for Rs 500 cr

Banks lend Rs 1.62 lakh cr in June on telecom demandTelecom cos borrow over Rs 1 lakh cr for 3G license fee payment

Adani may buy coal mine in Australia



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yTCS net jumps 24% to Rs. 1906 cr, sales up 14% to Rs 8217

CEO N Chandrasekaran

Added 36 new clients

M&M defers Ssangyong bid decisionPromoters want to retain atleast 26% in the company but also want to raisefunds

LIC demands higher offer price for ABBWants Rs 950-1000 per share against ABBs offer of Rs 900ABB has offered to buy 4.9 cr shares in domestic arm through open offer toraise its stake to 75% from 52% currently

Govt initiated process of divesting its stake in Mangalore Ore India

Ltd (M OIL)Proposing to sell 20% of its stake in the companyLikely to earn around Rs 5000 cr


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Vinay Chirania



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Q1 sees no FII registrations, but market players unfazed1713 in Q4Reasons given are SEBIs stricter KYC norms, uncertainty about FII taxation andtax treatiesJune Quarter saw net FII inflows of $2.3 b against $ 4.4bn against past 3 months

Reliance buys 70000 barrels of Cairn crudePrivate insurers too may stop cashless mediclaimDevelopers raise spending on advertisementsM&M looks at raising exports and entering new market

Wants exports to contribute one-fifth of revenues in next 5 yearsExport grew to 24% to 10,567 vehicles in 2009-10 but only 5% of companysrevenue

OVL rejects offer to buy Mittal stake in Kazakhstan oil company



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Stake above 25% to trigger open offer O pen offer threshold raised to 25% from existing 15%Acquirer to make open offer for 100% equity, up from 20% nowIndependent director must give their feedback on open offer priceI mpact - Higher acquisition costs, only serious players will buy stakesVolume parameter to reduce chances of price manipulationO pen Price suggested at 12 weeks average closingWith the 100% rule, all shareholders wishing to exit can sell out

C Achuthan Chairman, TRAC (Takeover Regulations Advisory Committee)ITC has 14.98 % in EIH; LIC has holdings between 10% and 14.99% in 32companies

Any entity that buy 15% equity is required to make mandatory open offer for atleast another 20%

FM Pranab Mukherjee asserted that GDP will grow by 8.5%

HDFC profit soars 34% to Rs 812 cr Aided by 40% growth in loan book

NIM 4.3%, other income fell by 10% - Last year Q1 large bond gains NPA among the lowest in industry Gross NPA down to 1.2% in June10 from1.43% in March10;CASA (Current and Saving Accounts) stood at 49.2% of total deposits



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Escorts profit up 106% to Rs 46 cr Rajan Nanda CMDInterest costs have fallen, Debt to equity ratio improved

Nanda sees Agribusiness as growth driver; to invest in agri machinery

Tata Steel talks with bankers to refinance $ 5.4 bn debtTata Steel took loans to fund its $12.9 bn acquisition of Corus Group in 2007

Who is Bharti Airtel CE O?

Sanjay Kapoor ArcelorMittal and Uttam Galva to build mega steel plant for Rs 15k c

3 mn tonne per annum (MTPA) steel plant in Maharashtra

Adani group planning to acquire Deccan Chargers for $280-300 mnDeccan chargers is currently owned by DCSV (80% owned by Deccan Chronicle)

June exports rise 30% YoY$ 17.7 billionImports rise by 23% - $ 28.3 Bn

Trains collide in Bengal, 60 dead Nokia-Siemens to buy Motorolas network equipment biz for $1.2bn



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Security services players to face 49% FDI ceilingLikely to trigger consolidation and ownership change in Rs 10000 cr industryForeign players like Group4S will have to offload the surplus FDI in favour of domestic playersIndustry growing at 25% annually and employs over 7 million

Banks to create 50 million new bank accounts for rural population bythe middle of next year

For private banks, small deposit accounts balance risky consumer loansUID projects fingerprinting, biometrics to help financial inclusion

Inflation to fall to 5-6% by year endCabiner Secretary K M Chandrasekhar

Fortis promoter firm pledges 3.3 cr shares (8% stake)Fortis Healthcare Holding total pledged shares not 37.78%Fortis is locked in a battle with Khazanah for a controlling stake in Parkway

Sesa Goa net up 208% at Rs 1304 cr MD P K MukherjeeIncrease in production was on account of Dempos operationSales volume were negatively affected by forest permit related issues in Karnatak

and logistics constraints in Orissa



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Zee Entertainment profit rises 64% in Q1Higher advertising and subscription revenues

Chairman??Mahindra arm eyes 10% in scooter market

Current share 6-8%Company offers 3 models of scooter Flyte, Duro and RodeoIn Reva electric car company, M&M holds majority stake

Rupee hits 6 week low; further decline likely (Rs 47.19/$)SKS Microfinance public issue to open on July 28Who is IMF chief?

Dominique Strauss Kahn



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PSU oil majors eye BPs stake in Vietnam gas projectO NGC, GAIL, I OL, Oil IndiaProject cost is estimated around $1.3 bMurli Deora is in Hanoi to make a claim in Nam Con Son Gas Project

Pipeline and power project

Reckitt Benckiser to buy Durex condom maker SSL Int for $3.9 bTo bolster its health and personal care business and expand in Asia

Toyota launches diesel variant of Corolla AltisWould be launching Etios in December MD of Toyota Kirloskar Hiroshi Nakagawa

Yes bank net profit rises 56% on healthy credit growthLoans to telecom sector; 20% of total loans

Net Interest Margin 3.1% YoY

MD and CE O Rana Kapoor

Kotak bank profit rises 107% on higher net interest income NIIT consolidated net jumps 32%

Chairman Rajendra Pawar CEO Vijay Thadani



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Estilos K-10 engine to power AltoMaruti Suzuki Chairman R C Bhargava

GST to converge at 16% in 3 years, start with 3 ratesDual GST will have 2 components - Central GST and State GSTIn initial years, most goods would attract standard rate of 20%, merit goods 12%and services 16%

Bajaj group targets banking space

Ratan Tata to head Helicopter JV with AgustaWestlandDLF to sell majority stake in DLF Brands

QUIZ


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Who is Wipro CE OGirish Paranjpe

CEO of Mahindra SatyamC P Gurnani

IMF Chief Dominique Strauss-Kahn

World Bank Chief

Robert B Zoellick

WTO chief Pascal Lamy



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Petroleum products, alcohol and power would be out of GST netCurrently alcohol and electricity are state subjects for taxation purposesPetroleum products are already out of the existing VAT regime

Bajaj Auto Q1 net doubles to Rs 590 cr Chairman Rahul BajajTurnover was higher by 68%, strong growth in sales of Pulsar and Discover

TRAI told DTH players to offer pay channels on la carte or individual basisFood inflation rate eases to 12.47%ITC profit up by 22% in Q1 Rs 1070 cr

Backed by higher growth in agri business and non cigarette FMCG (32% growth)Agri business grew 44% - inc sales of soya, leaf tobacco and wheat

Education and stationery business grew 30%Revenues from cigarette business grew 12%

Dr Reddys net profit declined 14%CEO G V PrasadDecline due to delay in launch of Allegra D24 in US market, slow offtake of

previous launches and price erosion in Active Pharma Ingredients (API) segment

Revenue from Europe fell largely due to decline in earning from Germany



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UN Conference on Trade and Development (UNCTAD) predictsrecovery in FDI this year

Global inflows to reach more than $1.2 trillion in 2010, rise further to $1.3-1.5trillion in 2011BRIC Brazil, Russia, India and ChinaIndia was in top 10 countries list to have the highest FDI inflows $ 34.6 billionand outflows at $14.9 billion

PNB Q1 profit jumps 28%Lower cost of deposits and strong growth in loans helpedSharp increase in provision for NPACMD K R Kamath

BSNL CMD?Kuldeep Goyal

Bharti Walmart plans to open 140 stores in India; hire 1100Waiting for Govt decision on FDI

Powergrid follow on offer gets Govt nodLakshmi Vilas bank eyes ailing Citi NBFCHead of PFRDA (Pension Fund Regulatory and Development Authority)

Yogesh Agarwal



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Wipro Q1 net jumps 31% - Rs 1318 cr Demand is strong despite the European crisis, Markets like India, West Asia and

Asia pacific will continue to drive growth

Jet Airways posts Q1 profit of Rs 8.5 cr CEO Nikos KardassisTraffic growth of 35%

ITC to invest Rs 23000 cr in next 10 yearsFMCG, paper and packaging and Hospitality sector ITC Chairman

Y C Deveshwar

S D Shibulal might be the next CE O of InfosysCo founder and present C OO

CESC planning to foray into solar power To set up Solar plants across countryLast year RPG Group company ventured into hydel power Company would start work at Bikaner RPG Chairman - Harsh Goenka



94/99

Kraft Foods seeks manufacturing allies in IndiaUK firm in talks with maker of cremica, Priyagold biscuits

To tap Rs 6500 cr organised biscuit marketDLF to buy out Dubai World in JV for Rs 200 cr Cement companies exploring alternative fuels as coal prices arerising

O ptions like rubber tyres, saw dust and rice husk

SAIL FP O offer likely to be delayedIndra Nooyi and Arundhati Roy among worlds 30 most inspiringwomen says Forbes

Media Mogul O prah Winfrey on top

Who is US Federal Reserve ChairmanBen Bernnake

Rs 18000 cr fertiliser major Indian Potash (IPL) is buying 2 sugar millsCentral Vigilance Commission (CVC) opened investigation into al

key decisions taken by Telecom Minsiter A Raja



95/99

Fortis quits Parkway race as Khazanah ups offer Market supports Fortis decision, stock gains 3%Khazanah has offered to buy the remaining shares of Parkway at S$ 3.95 ashareIn March, Fortis acquired 23.9% in Parkway for about Rs 3100 cr at S$ 3.56share, then increased it to 25.37% - Total outgo Rs 3350

Now sold the entire stake for Rs 3800 cr Nearly Rs 350 cr profit

Maruti share drops by around 12% on account of higher royalty payments to Suzuki Motors of Japan

Additionally paid about Rs 188 cr as royalty 5% of salesRoyalty to go higher as Maruti introduces new technology in its car Royalty payments are of 2 types

Foreign Technology Collaboration company pays a certain amount as royalty to the parent

for the sharing of technologyO ther is when company pays for the use of brand name

Dabur buys Turkish personal care company for $69 mHozi Kozemtik Group Market leader in Hair Gel with 35% market shareDaburs strategy to aggressively expand its scale of operations and strengthenits presence in FMCG space across globe



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Tech Mahindra Q1 net rises 9.6%Mainly due to lower interest expenses and surge in other incomeCFO Sonjoy Anand

FICCI against raising 26% cap on FDI in defense sector Union bank rises 36%

CMD MV Nair

Takeover code change to spur M&A in pharmaIncrease in the open offer trigger from 15% to 25%O pen offer be made for all the shares of the target company, instead for anadditional 20%



97/99

RBI raises Repo rate by 25 bps and reverse repo by 50 bps to controlinflation

Repo Rate 5.75%, Reverse Repo 4.50%

Japanese steelmaker JFE to buy 15% in JSW SteelJSW Steel is controlled by Sajjan JindalTo acquire 14.99% for Rs 4800 cr JSW Steel to use funds for reducing debts

RIL Q1 net jumps 32% on sale of gas from KG basin and higher refining marginsPetrochemical business remained sluggish on supply glut

Net Profit increased to Rs 4851 cr from Rs 3666 cr Reliance bought stake in Atlas Energy, an explorer of shale gas

Bought a 95% stake in Infotel Broadband Services to get back into telecom business

RIL buys loss making polyester plant from Bombay DyeingCompetition to Nokia from local mobile brands (Could be a GoodMarketing Project to work)

DLF in talks to sell stake DLF Pramerica Life Insurance JV



98/99

HUL Q1 net dips 1.8% - Rs. 533 cr; CFO R Sridhar Mainly attributed to high advertising spends and hardening of raw materialcosts such as palm oil and packaging material

Advertising and Promotional expending inc by 31% to Rs 561 cr

Likely to hike prices of some of its products to maintain profit marginsDetergent and personal care category grew double digit

Relaunch of Rin powder

L&T net up 15% at Rs 666 cr Profit Margins grew by 160 basis point to 12.9%L&T may record growth of 20% by building more roads, railway networksand power plants

Super regulator bill New joint resolution committee will be the arbiter of last resort

Committee to be chaired by FM, RBI governor will be VCOnly RBI, Sebi, IRDA and PFRDA will be able to bring a dispute to the committee

PSB NPAs (bad loans) jump 30% to Rs 57,301 cr NPAs of scheduled commercial bank rose to Rs 74,685 cr Gross advances of state owned banks was over Rs 25.19 lack cr during FY10

NPA to loan ratio of 2.27%

QUIZ


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Who is Y M DeosthaleeCFO , L&T

Who is Aditya PuriMD, HDFC

Who is CE O of Citi IndiaPramit Jhaveri

Who is new CE O of BPBob Dudley; Tony Hayward is outgoing CE O

What is Rs/$ conversion rateRs 46.68/$

Documents

Business Awareness Session_29th July