FinXpress StartUp in focus:

DAILY DUMP

4

Markets this Week 6

News of the Week 7

CAN YOU SOLVE IT? 9

Company in Focus:

VIOM Networks

2

FEBRUARY 26, 2012

Sources of Data:

> HDFCsecurities

> Economic Times

> The Hindu

> Rediff Money

> MoneyControl.com

> Financial Express

> Indiapetro

Inside this issue:

Institute Of Management Technology

Ghaziabad

Viom Networks Limited, a joint venture between Tata Teleservices

and Quippo, a SREI Group enterprise, is the pioneer in the Shared

Passive Telecom Infrastructure industry in India. In 2009, the parent

company - Quippo Telecom Infrastructure Limited (QTIL) announced

its partnership with Tata Teleservices Ltd. (TTSL) with the merger of

their passive infrastructure businesses, resulting in the formation of

a unified entity – Viom Networks. The company further strengthened

its leadership position with the acquisition of the tower arm of Tata

Teleservices (Maharashtra) Limited in early 2010. Viom is an inde-

pendent entity with over 39,000 towers and around 96,000 tenancies. The company plans to roll-out nearly

20-25,000 additional towers in the next two years while targeting a tenancy ratio of 2.8x. Viom is the strongest

player in neutral host Shared In-Building Communication Solutions (IBS) with installations already completed at most

of the major airports.

THE LEADERSHIP

The company is headed by Mr. Arun Kapur, the Chief Executive Officer. Other members who are part of the

leadership team are Mr. Umang Das, the President, Mr. Shirish Maniar, the CFO, Mr. Manu Talwar, Chief Officer,

North East Hub and Mr. Anand Garg, Chief Officer, the South West Hub.

The Board of Directors is headed by Mr. Subodh Bhargava, the Chairman.

WHO THEY ARE and WHAT THEY DO?

They are a 5 year old company that pioneered the concept of shared passive infrastructure in India. It has by far the

highest tenancy of over 2.2x per tower and has been credited with world's largest and fastest network roll-out of

over 18000 towers. It is Known for its innovative solutions and operational efficiencies.

There are several functions that they perform, They offer innovative plug-and-play facility to the customers and also

services from Site acquisition, site build-up, statutory permission, equipments to a complete range of accessories.

They are into constant R & D to ensure customized, comprehensive yet cost efficient solutions. They have a 24x7

operations and maintenance services and also uninterrupted service through professionally managed security ser-

vices.

NEW BUSINESS INITIATIVES:

BTS HOTELS

BTS Hotels is a unique concept that helps in providing connectivity at locations where setting up of towers is not

permitted due to various regulatory/ security requirements.

BTS Hotels has three major components.

1. Hotel Room: This is the place where BTS is located.

2. Fiber: The most crucial element of a BTS Hotels, the fiber cable carries signals from the hotel room to the coverage

area.

3. Coverage area: This is the operator designated location where the coverage/capacity is required. The coverage/

radiation will be provided by the distributed antennas deployed at suitable locations in the area.

Page 2 FinXpress

Company in Focus : VIOM Networks

Some of the needs for BTS Hotels are insufficient coverage, shrinking capacity, expansion difficulties, rising OPEX,

poor flexibility and insufficient and expensive blackhaul capacity.

ADVANTAGES OF BTS HOTELS

The BTS Hotels is one of the most efficient solutions to address the above mentioned issues which the modern day

operators face while rolling out their networks in densely populated urban areas. With a little bit of modifications the

same solution can become a very effective rural roll out solution.

Therefore a centralized BTS Hotels with street level coverage is one of the most promising innovations, suitable for

the fast growing Indian mobile industry.

TOWER OPERATING CENTRE

Another step reinforcing Viom's commitment towards its customer is the introduction of one of its kind Tower

Operating Centre (TOC). TOC shall connect over 38,000 towers spread across the length & breadth of the country

with a 24x7 monitoring system. It is also supported by a field work-force of more than 30,000 resulting in reduced

d o w n t i m e a n d e f f i c i e n t r e m o t e m o n i t o r i n g m e c h a n i s m .

The Tower Operation Centre at Viom Networks is capable of monitoring, controlling and reporting of all cell sites.

This 24x7 service centre handles MIS reports and issues specific passive infrastructure alarms. The key functions of

the service centre are:

• SLA monitoring and control

• Generation of event activity input for a trouble ticket system

• Monitoring of all infrastructure performance data

• Performance monitoring of work force management

• Generation of MIS reports for KPI monitoring

Page 3 FinXpress

Company in Focus : VIOM Networks Continued...

WHAT IS DAILY DUMP?

Daily Dump is the brand of a company called PLAYNSPEAK. Daily Dump was founded by

Poonam Bir Kasturi (see image on right).

As a service, Daily Dump helps one manage ones household waste and convert it to

useful high-quality compost. It supports you with flexible service plans to achieve

your goal of becoming a green citizen. They are involved in developing a range of

composting solutions, and already have a number of simple home and community

Composters that one can find in it. The Daily Dump products are designed to ensure

that one compost at home, conveniently and hygienically. They are also finding new

ways to help homes / offices / schools / clubs recycle all their other waste.

For them Waste is not waste - it is resource wasted!

Their website provides information on their products, plus free material on everything one needs to start ones own

composting project, faster than one can say ‘biodegradable’.

PRODUCTS

They provide a number of composting products such as Gamla without plant, hand made

small Bonsai pot, Kambha 3 tiered, Koonda and then leaf composting products such as

Steel Mesh leaf composter, Green steel leaf composter. They also supply one with

accessories such as rakes, gloves, plastic sieves and lemon glass sprays to name a few.

The unique aspect in their website is none of the products are given with a price which

can raise some eyebrows. They argue that this is because thay are not a franchisee

model. So the different businesses all over the country, sell the same products for

different rates depending on the local potter prices, transportation, overheads etc. They

do not think an MRP for this hand crafted product makes sense. So, if one sends them an

order and ones location, they will send one the appropriate prices.

SERVICES

They have a number of service facilities to offer in order to enable households to begin composting and put their wastes to

some good use and go eco-friendly. They find that some households are hesitant to begin composting or managing their

wastes. Here Daily Dump offers three 6 month plans where their employees will pay a weekly, fortnightly or monthly visits.

Each of the plan includes stirring each compost unit, cleaning the composters, troubleshooting and sieving the done.

The workers also go for crisis visits if needed under situations such as;

• They develop too many maggots.

• Their compost becomes too wet and soggy and starts smelling.

• They generate a huge volume of waste and their composter has no space left.

• Their pots have broken or a part has broken.

• They just need to be reassured.

Page 4 FinXpress

StartUp in Focus :

DAILY DUMP

DEMONSTRATIONS

They charge a nominal fee for each demonstration in case they need to do the demo in your premises. This covers their

transportation costs and some bit of our time. They bring some products, brochures and a presentation to tell their story

to customers. Alternatively, they aslo have school children, housewives, gardeners and families visit their office to see a

live demonstration of their composting set up.

WASTE AUDIT SOLUTIONS

They also provide waste management solutions for both households and offices. They would analyze the situation and

perform a waste audit to identify the extent of wastage or clutter taking place and hence accordingly they would give

their solutions as to how one should proceed further to take care of wastages.

WHERE TO BUY?

Daily Dump has its outlets spread across India in almost all major cities and states. It is located in popular cities such as

Ahmedabad, Chandigarh, Chennai, Delhi, Mumbai, Pune. It also located in Meghalaya and and places such as Mysore,

Goa and Erode. One can find the addresses of their dedicated outlets on their website www.dailydump.org.

Page 5 FinXpress

StartUp in Focus continued.. . ENNOVASYS

Page 6 FinXpress

Markets this week Indian shares posted their first weekly fall in 2012 on Friday, sliding 2% over four sessions, as investors booked profits on

renewed worries about rising global oil prices and the country's widening fiscal deficit. The market rallied 18-20% in the

previous seven weeks helped by inflow of around `29,000 cr. Sensex finally closed 2% lower on w-o-w basis while Nifty

lost 2.4% over the week.

The top gainers from CNX 500 for the week ended February 24, 2012 were FSL, Alfa Lval, SREI Infra and Shrenuj while the

top losers were GMR Infra, REC Ltd, Jindal SWHL and Arvind Ltd.

Global Markets

New claims for unemployment benefits (US) were unchanged last week, holding at the lowest level since the early days of

the 2007-2009 recession and giving a fresh sign the battered labor market is healing. Workers filed 351,000 initial claims

for state unemployment benefits. The last two weekly readings have been the lowest since March 2008. The economists

say employers might be close to ending a long cycle of heavy layoffs, laying the ground for more hiring.

Japanese all industry activity grew 1.3 percent month-on-month in December, reversing last month's 1 percent fall, the

Ministry of Economy, Trade and Industry said. However, the rate of growth was weaker than the 1.5 percent rise forecast

by economists.

German business sentiment rose to its strongest in seven months in February, offering fresh evidence that Europe's

largest economy will dodge a recession even as eurozone peers tighten their belts to fight off the sovereign debt crisis.

Indian Markets:

Inflation based on the all India CPI stood at 7.65% in January, as per the first nationwide retail inflation data released by

the government. A surge in production of gold and coal resulted in an increase in the value of India's mineral output in

December, 2011, to ` 17,286 crore from ` 15,692 crore a month earlier.

The RBI will "consider" a further cut in the cash reserve ratio (CRR) if the systemic liquidity conditions continue to be tight,

according to RBI Deputy Governor.

Country's wheat output in 2011-12 will cross the current official forecast of a record 88.31 million tonne due to favourable

weather conditions. Gems and jewellery exports continued to be in the negative zone for second month in January,

declining by nearly 4% to $3.28 billion, due to less demand from the US and European markets.

Indian companies seem to be facing a sharp rise in their liabilities towards employees' retirement benefits and the

cumulative figure for the top-100 firms grew by 45% to ` 2,90,000 crore last fiscal, as per a study conducted by global

risk management and human resource consultancy major Towers Watson.

Outlook for the week ahead

After a positive rally over the last seven weeks, markets witnessed first negative weekly close. Markets could witness

further correction and stabilise at lower levels. Important support to watch for on Nifty is 5,400-5,350 levels while

resistance is at 5,535-5,585 levels.

Page 7 FinXpress

News of the Week

Budget 2012: Consenus

among MPs to raise IT

exemption limit to `̀̀̀ 3

lakh

Ahead of the Budget, a key

Parliamentary panel scrutinising

the Direct Taxes Code (DTC) is

likely to recommend raising of

income tax exemption limit to `

3 lakh and tax breaks on

investments to `2.5 lakh. Raising

the tax exemption limit from `

1.8 lakh currently, they said, was

necessary to provide relief to the

people braving the impact of

high inflation. Members also felt

that the total tax saving

deduction limit, which include

investment in provident fund, life

insurance, children education

and infrastructure bonds, should

be raised to ` 2.5 lakh from ` 1.2

lakh, sources said. At present,

investments up to ` 1 lakh in

specified instruments are

deducted while calculating the

tax liability. In addition,

investments up to ` 20,000 in

infrastructure bonds are also

exempted from tax. The DTC,

which will replace the Income

Tax Act, 1961, was referred to

the Committee for scrutiny in

August 2010.

Reliance Industries Ltd

finalises $450-m JV

with Russian rubber

giant Sibur

Reliance Industries (RIL) and

Russian rubber giant Sibur,

Eastern Europe's largest maker

of petrochemicals, on Tuesday

announced the formation of a

jo int venture company

c a l l e d R e l i a n c e S i b u r

Elastomers. The company

will produce 100,000 tons of

butyl rubber per year at a new

plant located in the industrial

complex in Jamnagar, Gujarat

that also contains the world's

largest greenfield refinery. The

JV will be the first manufacturer

of butyl rubber in India, and will

cater to the demand for

synthetic rubber from the Indian

automotive industry. That

demand, a little more than

75,000 tonnes per year, is

currently satisfied by imports.

The product will be significantly

cheaper than the $4,000-5,000

per tonne cost of imported butyl

rubber as it will be manufactured

locally and our refinery feedstock

will be used. Reliance will own

74.9% of the joint venture

company with Sibur accounting

for the rest. The JV will invest

$450 million to construct the

facility, which is expected to be

commissioned by mid-2014.The

two partners have also signed a

technology licensing agreement

facilitating the use Sibur's

proprietary butyl rubber

production technology at the

new production facility. Sibur will

develop basic engineering design

for the facility and also train the

JV's personnel at its production

site in Togliatti, Russia.

India drags Turkey,

Egypt to WTO for

import duties on

cotton yarn

India has dragged both Turkey

and Egypt to the WTO for

imposing special import duties

on Indian cotton yarn. New Delhi

has been criticising Turkey

for violating WTO norms at

several forums of the WTO for

the past few months, but it has

requested formal consultations

on the issue for the first time,

which is the first step towards

filing a dispute. Egypt, on the

other hand, will be asked to

explain reasons behind imposing

similar duties on cotton yarn in

December 2011. Both countries

have resorted to safeguard

duties as such levies are easier to

impose since a country only has

to claim that rising imports were

harming the domestic industry.

Indian cotton yarn producers say

that Egypt and Turkey, the fifth

and sixth largest export

destinations for the products,

were growing markets and all

attempts to check imports

through unnecessary restrictions

have to be opposed. Turkey

imposed safeguard duties

between 12% and 17% with

effect from last July over and

above the customs duty of 5%

making prices of India's exports

shoot up. Egypt, on the other

hand, imposed a specific duty of

55 cents per kilogram of yarn in

December.

Credit offtake growth

slows to 15.8 %

Growth in non-food credit

offtake slipped to 15.8 per cent

at `45.20 lakh crore during 12

months ending February 10, the

lowest so far this fiscal, reflecting

the effect of the high interest

rate regime. The offtake was `

39.02 lakh crore during the year

ending February 11, 2011, as per

the Reserve Bank data. This is the

first time this fiscal that the

growth in credit offtake on an

annual basis has fallen below the

16 per cent mark. Until August

2011, the offtake had been

growing at over 18 per cent on

annualised basis before it started

slowing down. In last few

months, the growth has been 16-

17 per cent. RBI raised key lend-

ing rates by 350 basis points

through 13 hikes between March

2010 and October 2011 to curb

inflation which was above the 9

per cent mark for most of the

last two years. Meanwhile,

deposits rose to over ` 59.64

lakh crore during the 12-month

period ending February 10, from

` 51.91 lakh crore during the

year ending February 11, 2010,

an increase of 14.9 per cent. In

the third quarterly monetary

policy review last month, RBI had

said that credit growth was likely

to slowdown as a result of the

rate hikes. The apex bank revised

downwards its projection for non

- food credit growth to 16 per

cent from the earlier estimate of

around 17-18 per cent for this

fiscal. Deposit growth has been

pegged at 17 per cent. During

FY'11, bank credit offtake had

increased by 21.5 per cent, while

deposits had grown only 15.5 per

cent. The Indian industry has

been complaining that the high

interest rate regime has resulted

in slowing down of investment

and industrial growth. Economic

growth slowed to a nine-quarter

low of 6.9 per cent in the

July-September period.

Greek launches long

awaited debt swapped

offer

Greece formally launched a bond

swap offer to private holders of

its bonds on Friday. The swap is

part of a second, 130-billion-euro

rescue package to claw Greece

back from the brink of a

disorderly default. The complex

deal was finalized last week after

months of tortuous negotiations

between Greece and its

bondholders that were

complicated by European

Page 8 FinXpress

News of the Week continued.. .

partners driving a hard bargain,

hedge funds holding out for a

default and pressure on public

creditors like the European

Central bank to chip in. The

swap, in which investors will

trade bonds for lower-value debt

securities, aims to slice 100

billion euros off Greece's over

350 billion euro debt load. Banks,

insurers and other investors

holding about 206 billion euros

of Greek government bonds will

take a 53.5 per cent loss in the

face value of their securities,

with actual losses estimated at

73 to 74 per cent. As part of the

swap, investors will pocket

longer-dated Greek bonds worth

31.5 per cent of their holdings

and short-term paper issued by

the European Financial Stability

Fund ( EFSF) equal to 15 per cent

of their old bonds. The new

bonds will carry an average

coupon of 3.65 per cent over the

30-year period and be governed

by English law. The debt swap, is

designed to cut Athens' debt

load to 120.5 per cent of its gross

domestic product by 2020 from

160 per cent.

India not halting

insurance cover on

exports to Iran

India' export guarantee agency

has not stopped giving insurance

cover to shipments to Iran and

has only tightened criteria as

part of a more cautious

approach, as western sanctions

make trade with Tehran tougher.

The sanctions imposed by the

United States and European

Union to deter Tehran from

pursuing its nuclear programme

are playing havoc with Iran's

ability to pay for its imports,

leaving global suppliers jittery.

About $3 billion in Iranian arrears

in payments to India for imports

have accumulated since

December 2010 when a previous

payment conduit was closed

u n d e r p r e s s u r e f r o m

Washington. Indian rice

suppliers have also reported

defaults by Iranian buyers. India

is Iran's second-biggest oil client,

buying about $11 billion worth of

crude every year. Indian exports

to Iran come to about $3 billion

and the two sides are exploring

ways, including barter, to carry

on their trade despite sanctions.

While Indian oil refiners are

currently routing their payments

to Iran through Turkey's

Halkbank, Indian exporters use

Dubai-based middlemen to

receive payments. Both channels

have appeared vulnerable in the

face of new tougher sanctions.

India abides by United Nations

sanctions on Iran, but has

refused to go along with the new

financial measures imposed by

the United States and European

Union. In the face of sanctions

that make it difficult for Iran to

repatriate the funds from its

crude oil exports, it has agreed

with India to settle 45 percent of

their oil trade using the rupee,

which is not freely traded on

global markets.

Cartoons

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**Rush in your entries to : finniche.imt@gmail.com

The right entries will get their name featured in the

next issue of FinXpress. So hit the quiz fast & get

yourself visible among 1000 odd in the campus.

Set A

Match the following:

1.Money laundering became a renowned term after

which famous scandal?

2.What is the rate of interest called at which short-

term funds are exchanged between banks in London?

3.In money market, what is the term called for non-

convertible paper money?

Set B

Match the following:

1. ’Docutalk Journal a. The Netherlands

2. Rembrandt Market b. ECB

3. Country whose currency

means to grasp c. Xerox

4. Frankfurt d. Greece

CAN YOU SOLVE IT ?

Feel free to write to us at : Drop in your suggestions to the editorial team :

finniche.imt@gmail.com Magazine design/news : ameybadkar@hotmail.com

Articles/quiz : debjyoti.chanda89@gmail.com

LAST ISSUE’S RIGHT ENTRIES WERE FROM :

Rahul Dutta Gupta & Pramod Vemuri

PREVIOUS EDITION’S ANSWERS

SET A

a. Tail Winds Ltd. - Naresh Goyal

b. Project 178 - Fiat

c. Wrecking Ball - Edwin Artzt

d. South West Airlines - Herb Kehller

SET B

1. McDonalds

2. BBC