ISSUE - 125 8th SEPTEMBER [THURSDAY]

EDITOR’S DESK

The sports community of our country has always been mired in controversies. Corrup-tion, doping, lack of transparency are some of the few points that have always kept the media abuzz. Now when a bill was recommended to bring about some level of transpar-ency in the system that too fell kaput! Get the complete story this week on our Cover Story on the Sports Development Bill.

The ever growing concerns over the euro zone drowning further into debt. Now Italy seems to be the one which might pull in the final straw. With Italy‘s national debt is 1.9 trillion euros, or 120 percent of gross domestic product the highest rate of debt in the 17-member euro zone, after Greece the stakes are indeed very high. Catch up upon our writer‘s opinion here this week on this ongoing crisis.

With us turning 125 this week we are covering a brand that itself is turning 125, yes you guessed it right! Its Coca Cola! Get to know about many an unknown facts about this gi-ant here this week

For all you sports buffs out there, this week we are covering your favourite sports star Lionel Andrés "Leo" Messi. Touted as the successor of Diego Maradona. Get to know more about this ‗wonder boy‘ this week.

Moreover we bring to you again our regular sections of Fast Track, Quick Bites, News @ IBS and Market watch to enrich your knowledge further.

Cheers,

Supriya Mamgain

EDITOR 1 OPINION 5 FOCUS 8

COVER 2 BRAND 6 NEWS @ IBS 9

FAST-TRACK 3 QUICK BITES 7 MARKET 10

COVER STORY– SPORTS DEVELOPMENT BILL -RAJAT MONGA NOBODY GAME FOR IT

No, this week‘s cover story is not Anna Hazare or corruption. I think our overzealous media has

already given an overdose of that phenomenon. This week‘s cover story is about an event which

didn‘t even make it to front page of many newspapers but has the potential of having far reach-

ing consequences.

I am talking about the radical National Sports Development Bill which was rejected by the Cabi-

net in the meeting held last Tuesday. The draft bill which is aimed to bring transparency, ac-

countability and efficiency the way sports federations are run in India was killed before it could

even take birth. But about this a little later.

First lets just look at the way sport administration works in India. Each game in India has a fed-

eration headed by a chairman who is not a sportsperson as a matter of fact he is not even closely

related to that sports, yes I am talking about our politicians. For how long are their tenure would

be your next question. Well the answer is perpetually. Lets take few examples

The entry of the Chautala brothers — Abhay Singh and Ajay Singh — heralded an era of total

politicization of the sports federations. Between them, the two brothers control the Indian Ama-

teur Boxing Federation and the Table Tennis Federation of India. Sharad Pawar manages ICC,

Vilasrao Deshmukh, is the chief of Mumbai Cricket Association, Farooq Abdullah, heads

Jammu & Kashmir Cricket Association, and Praful Patel, All-India Football Federation presi-

dent are few manes in this huge list. Who can forget our own Suresh Kalmadi the former IOA

chief? No prizes for guessing who were against this bill when it was presented to the cabinet

meeting.

So what is about this bill that has ruffled so many? The bill sought to bring in revolutionary

changes in the functioning of sports bodies in the country, which included putting an age limit of

70 years and tenure restrictions besides bringing these bodies under RTI. It also ensures 50% of

the elected members of the federation are ex-sportspersons. This will ensure end of reigns of

politicians who been running their federations for decades with no accountability. It wasn‘t only

the cabinet members who are against this landmark bill. The Indian Olympic Association (IOA)

and several other National Sports Federations had vehemently opposed the bill since the drafting

stage, saying it was an attempt to interfere in the functioning of the bodies. Cricket administra-

tors had also reacted sharply to the proposed bill which sought to put it under the purview of the

RTI. The cash-rich BCCI which would have come under RTI maintained that it would not be

binding on the Board which does not take any grant from the government.

Though all hope is not lost. The good intended sports minister has found support from the sports

fraternity which has for so many faced the apathy and indifference of these sports federations

and he intends to fight on. No matter what happens to this bill in the future, the Indian politicians

have once again shown why they can‘t be trusted for doing the right things.

THE IBS TIMES

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I am talking about the

radical National Sports

Development Bill which

was rejected by the

Cabinet in the meeting

held last Tuesday.

So what is about this

bill that has ruffled so

many?

FAST-TRACK NEWS -SAINYAM KUMAR, NITIN ARORA, NITIKA THAKUR Assocham seeks review of Land Acquisition Bill Industry body Assocham has sought the review of the Land Acquisition Bill, as it is heavily loaded in favour of land owners and may not create conducive environment for economic growth. Assocham secretary general DS Rawat said in a statement that the Land Acquisition bill cleared by the cabinet needs to be debated before it comes into force as it may not create conducive environment for eco-nomic growth.

Global cybercrimes cost $114 bn annually: Symantec A study by Symantec Corp, the maker of Norton computer security software, estimates the cost of global cybercrimes at $114 billion annually. The Norton Cybercrime Report 2011 said 431 million adults were victims globally in the past year, with costs of cybercrime surpassing the combined global black market in marijuana, cocaine and heroin. India Inc reluctant to invest locally doubles overseas investment The reluctance of Indian companies to invest locally stands in sharp contrast to the millions they are sending overseas to build factories, buy resources, build infrastructure and start financial services ven-tures. Corporate investments overseas into joint ventures and wholly-owned subsidiaries almost dou-bled to $5.5 billion in the April-June quarter this fiscal from $2.96 billion in the corresponding quarter a year ago. India's GDP to grow 8.1% in 2011, second only to China: UNCTAD The Indian economy is likely to expand by 8.1 per cent in 2011, the fastest growth rate in the world after China as stated by the UN agency. In its global release of Trade and Development Report 2011, the United Nations Conference on Trade and Development (UNCTAD) said the India economy will grow by 8.1 per cent in 2011, against to 8.6 per cent in 2010, despite slowdown in developed nations and many other countries. Solve Long Pending Border Issues The growing importance of Bangladesh to India, the Prime Minister Manmohan Singh will visit Dhaka next week along with 5 CMs for one of the biggest foreign policy moves in the region. The Chief Minister of West Bengal, Assam, Tripura, Meghalaya and Mizoram will accompany Singh, an event that is rare in the Indian Politics. It is a signal to the Bangladesh that India is ready to press the reset button on the ties with the two nations.

BJP Questions the Congress: Lokayukta With Modi and Gujarat at the centre of the controversy, Congress and BJP spared no efforts to argue their view points regarding the law for appointing the Lokayukta. BJP MPs lead by Advani headed in the parliament premises after the Lok Sabha was adjourned, criticizing Beniwal for bypassing the Chief Minister. The Upper house also witnessed an argument between Chairman Hamid Ansari and Jaitley on the same. Aircraft Skids off the Kochi Runway It was a miracle that what may have ended in a Manglore type of crash that killed 158 people. An Air-bus A-320 carring 137 passengers and 6 crew members skidded of the runway and finally stopped nose down. All aboard are safe, however the aircraft suffered serious damages. Rain, crosswind and low visibility are likely the reason for this mishap.

Jean-Baptiste Say–French classical, liberal economist and scholar. Jean-Baptiste Say is known for his contribution to Say's

Law of Markets and for his work on "A Treatise On Political Economy". Say was born in 1767, taught political economy in France

at Conservatoire National des Arts et Metiers, and later at the College de France.

THE IBS TIMES

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Bail Rejected to BSY

Former Chief Minister of Karnataka B S Yeddyurappa got himself admitted into a hospital two days before the

High Court denied him bail in connection with alleged irregularities in denotification of land and pecuniary bene-

fits from the actions. Hours after the high court rejected the bail Yeddyurappa applied bail in the special Lokayukta

court, which adjourned the hearing until September 7.

Heads of paramilitary organizations decided

The appointments committee of the Cabinet has cleared the names of three senior Indian Police Service (IPS) offi-

cers as the head of three paramilitary organisations -- Indo-Tibetan Border Police (ITBP), Border Security Force

(BSF) and Sashastra Seema Bal (SSB). Ranjit Sinha, U.K.Bansal and Pranay Sahay will take the three posts re-

spectively.

Indian Business confidence dips to 12-month low

A latest survey by the Federation of Indian Chambers of Commerce and Industry has revealed that business confi-

dence in India has come down to 51.6 in the quarter ended June 2011 from 63.7 in the precious quarter. Aggressive

tightening by RBI, falling domestic demand and weak global cues are said to be the reason behind the fall. The

worse is that numbers are expected to fall further during the next six months.

35 Indian companies in Forbes Asia’s ‘Best under a Billion’ List

35 Indian companies are ranked among the top 200 Asia-Pacific corporations in Forbes Asia's 'Best under a Bil-

lion' list for this year. The number of Indian companies was second only to the 65 firms from both China and Hong

Kong that found a place in the list. India's largest storage-battery producer, Exide Industries - which was present in

the list last year- breached the $1 billion mark in the last 12 months and was not included this year.

WikiLeaks Crashed

The WikiLeaks website crashed in an apparent cyber attack after the accelerated publication of tens of thousands

of once-secret State Department cables by the anti-secrecy organisation raised new concerns about the exposure of

confidential U.S.embassy sources. "WikiLeaks.org is presently under attack," the group said on Twitter late on

Tuesday. One hour later, the site and the cables posted there were inaccessible.

Red devils shot the Gunners

Manchester United humiliated the north London rivals Arsenal 8-2 in a Premier League outing. A hat-trick by

Wayne Rooney, a double by Ashley Young and goals by Nani, Park and Welbeck made the 2011-12 season worse

for Arsenal after they had earned only 1 point from the previous two games. The loss means that Arsenal manager

Arsene Wenger becomes the centre of the controversy as his management style of not spending on new players is

being questioned for a long time now.

Rain ended India’s hopes in the first ODI

With 274 on the board and England down to 27-2, Indians were facing their chances of starting the ODI series on a

winning note after a abysmal performance in the test series. But the heavy rains forced the covers on and the match

could not be restarted. A brilliant start of 95 runs by the openers Parthiv Patel and Rahane laid a perfect launch pad

for Indians to ease pass 300 but the failure of lower middle order meant that only a competitive score could be put

on the board.

Definitive Securities-Securities that are issued in the form of a paper certificate as opposed to book-entry securi-

ties which are electronic entries into a computer. Examples of definitive securities include bearer and registered bonds.

THE IBS TIMES

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OPINION FORUM– DIPPING ITALY -SANYA DHAWAN

There is immense uncertainty over whether several euro zone nations will be able to weather the

regional sovereign debt crisis and gloomy economic sentiments. The Euro region is under risk of

breaking up. Several euro zone countries have high levels of public debt as compared to total

economic output (for Italy 120% of their GDP), prompting concerns over how they will be able

to pay back their debt. The global economic situation is weak. After Greece and Spain, Italy is in

crisis. It is feared that Italy could sink the Euro.

Italy‘s national debt is 1.9 trillion euros, or 120 percent of gross domestic product the highest

rate of debt in the 17-member euro zone, after Greece. If the country‘s borrowing costs rise fur-

ther, it would face a solvency crisis that could upend the single currency. Borrowing costs have

risen sharply in Italy for domestic banks during the past couple of months due to worries that

Italy may fall victim to the euro zone debt crisis. Italian banks are exposed to sovereign risk be-

cause they own large holdings of the country's 1.9 trillion euro public debt and they pay a pre-

mium over government bond yields to sell their debt. And it is feared that Italy is too big for the

Euro Bloc to save. Italy has been hit both by domestic political instability

and speculative trades on the possible breakup of the euro, the Credit

Suisse economists said. In the past two weeks negative sentiments have

prevailed among the investors and a lot of selling activity is taking place.

The Euro Central Bank (ECB) is faced with the task to buy Italian Gov-

ernment Bonds to speed up cuts in the Euro zone Debt. It has bought

back some 30 billion Euros since mid august. In return for the help, the

ECB has asked for a 45.5 billion euro deficit reduction plan. The number

has now risen to 54 billion euros as compared to the proposed bill. And the support from the

ECB and the central bank is the only thing that is saving Italy from a major debt crisis.

Some new amendments were made by the parliament. Surtax on top incomes in the private sec-

tor was introduced. It seems that the rich people of Italy are willing to pay more as they feel the

only way out of the crisis is to ask help from the people who have excess cash at the moment.

This is called solidarity tax which will be charged 3% charged to Italians earning more than five

million euros (vis a vie three million)

The government is also taking various austerity measures like saving money by abolishing the

provincial administrations and halving the number of national lawmakers. But it is a matter of

time to see how efficiently these laws are passed.

Direct savings come in the form of immediate savings would come from postponing the retire-

ment of many Italians by excluding from their pension calculations time spent at university or

doing military service. Other measures by the government include- bill cuts spending to regional

governments, cracks down on tax evasion, increases the retirement age for women in the private

sector to 65 from 60 in 2014 and raises the VAT, or value-added tax, to 21 percent from 20 per-

cent. Italian labour laws are making it easier to hire and fire people and this remains highly de-

bated. Some economists warn that that tax hike would further stifle Italy‘s economy, which is

expected to grow only 1 percent this year. Will Italy sink the Euro? Is it dipping or drowning?

Only time will tell.

Pay Czar Clause- A buzz word describing a clause found in financial institutions' employment contracts that would subject compen-

sation terms to the U.S. government's approval. These clauses would allow the financial institution to offer attractive bonus plans to employees,

but also provide recourse in the event that the government prevents the payout from happening, either through regulations or direct intervention.

THE IBS TIMES

It is feared that Italy

could sink the Euro.

Italy’s national debt is

1.9 trillion euros, or 120

percent of gross domestic

product the highest rate of

debt in the 17-member

euro zone, after Greece.

The government is also

taking various austerity

measures like saving money

by abolishing the provincial

administrations and halv-

ing the number of national

lawmakers.

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BRAND TRACK— COKE: HAPPINESS MACHINE -SANDEEP ASRANI

Atlanta, Georgia - On May 8, 125 years ago, when John Pemberton poured the first cup of Coca

Cola in Jacob's Pharmacy, probably never imagined it would become a beverage shared by peo-

ple from over 200 countries today. Coca Cola‘s journey as a brand has evolved ever since, from

a pain relief syrup to becoming a ubiquitous brand being available everywhere, to its authentic

face of competition, to its current face of ―happiness‖.

This could not have been more apt a brand to track for this 125th issue of The IBS Times, Brand

Track Column. In this column of the Brand Track I would try to do justice to the historic 125

years of this brand that is responsible to change the dress colour of Santa Claus. Yes it is true.

Santa Claus‘s original colour as most us don‘t know was green. It was in the winters of 1950‘s

when Coca Cola ran an ad campaign with Santa Claus in red and white, to promote its drink in

the winters as well, as coke was a drink predominantly consumed in the summers only.

Coca Cola has moved beyond time and location to become a brand of the world today. It always

believed in going global by being local. It adopted the lifestyles of the countries it was intro-

duced in and accordingly customized its position in that country. There are a couple of great

lessons to be gleaned Coca Cola‘s archive that all brands should heed. One of them being

adopting ―Coke,‖ a nickname invented by consumers but resisted by Coca-Cola initially. The

brand chose to embrace consumers‘ shortened name, and the positive impact on the brand

should be a lesson to those marketers today that are overly resistant to consumer brand input.

Another lesson to take home is how Coke created experiences in its consumer‘s

life. Early Coke ―ads‖ were trays, calendars, posters, pocket mirrors, things that

were relevant and welcome as part of consumers‘ daily lives. Today‘s brand

apps that make life easier or richer, that delight consumers just for the sake of it,

play a similar role. Even the advertisements which are made to tap on the local

sentiments of each country reflect Coke‘s way of creating an experience. As

marketers we have learned that the brand should go where the customers go and

Coke is the best example of this strategy. It has not only changed with times in

terms of shape of bottles but also has changed its marketing campaigns from

sponsorships to online fan pages to happiness machines.

The script, red colour, the wave logo, and even the ribs on the bottle have all been with the

brand for the past 125 years. And yet, Coke manages to constantly reinvent and evolve to relish

the minds of the current generations and will do for the generations to come. This is no easy

feat and it is something that all brands aspire too. I salute this brand and wish Coke a Happy

125th and many more to come.

THE IBS TIMES

As marketers we have

learned that the brand

should go where the cus-

tomers go and Coke is the

best example of this

strategy.

Coca Cola has moved

beyond time and location

to become a brand of the

world today.

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QUICK BITES- NEWS THAT CAN’T BE MISSED ! - NITIN ARORA

Big Shots… Navin Wadhwani to head RIL's M&A unit

WTO director general Pascal Lamy in India on 5th September 2011 for the DOHA trade Talk.

Indira Nooyi, Sonia Gandhi, Merkel among top 10 most powerful women in the world: Forbes

Company Talks… Growing Economic uncertainty causes IT majors to shift their cash to bank FDs from Mutual funds.

Companies under the brand name of KK Birla to shed their legendary tag.

Ind Swift laboratories to raise funds up to 500 crore through issues of securities from domestic and

international market.

State bank of India plans to open new branches and offices in 10 countries.

N C Jha gets 3 - month extension as acting CMD of Coal India Ltd.

Economy Speaks…

Zero Job growth is the latest Bleak sign for the US Economy.

PM clears Anil Ambani‘s name to lead India - China CEOs Forum – focus on the boosting the eco-

nomic and commercial ties between the two nations.

India and China to hold its first Strategic Economic Dialogue.

Planning commission to pare down 12th five year plan growth target to 9% from 9.2%

Inflation a serious problem, but likely to fall says plan panel.

Double Digit food Inflation is worrisome Union Finance Minister Pranab Mukerjee said monetary

policies of RBI will take some time to have an impact.

The Argentina – Venezuela FIFA friendly has grossed seven crore from corporate sponsors.

On the 10th anniversary of the 9/11 terrorist attack, US warns of a small plane attack.

.

The Captains of the Ships..

Director (Refineries) Indian Oil- Rajkumar Ghosh

CMD Power Grid Corporation of India- RN Nayak

GMR Infra MD- B V Nageswara Rao

Director (Finance) SAIL- A K Chaudhary

THE IBS TIMES

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FOCUS OF THE WEEK– THE WONDER BOY - ADHIRAJ SOOD

Deep Assortment- A retail merchandising strategy in which the retailer stocks a number of varieties of a particular product line.

Carrying a deep assortment of a particular product can lead a company to becoming a "super specialist". It also limits the space for other

products that would allow it to reduce its risk exposure. Some types of businesses are able to offer a deep assortment of a product while at the

same time offering a wide variety of products.

THE IBS TIMES

It‘s been long since I wrote for The IBS Times. I have tried to bring something new and something

unique every time I write FOCUS. In FOCUS we have covered various CEOs, CFOs and new financial

instruments, but this time I am covering a man who is not related to any of the above mentioned three

fields but defines class in its true sense. He was covered by every Indian newspaper on the front page

last week. This has been a difficult article for me to write because I am a diehard Real Madrid FC loyal-

ist and he plays for our biggest rivals. But in the end I thought let ‗FOOTBALL: the beautiful game‘

win. By this time I think most of you would have guessed whom I am talking about, every mentioned

CEO and CFO in our IBS times wants to meet him and see him play and perform. This man proves

‘class is class’.

Born in Rosario, Argentina; captains the Argentina‘s football team, plays for FC Barcelona, I am cover-

ing this time the man who is called The Wonder Boy and whom Diego Maradona declared as his suc-

cessor- Lionel Andrés "Leo" Messi. At a young age of 24, Messi has already won Ballon d‘Or and FIFA

World Player of the Year twice. With Barcelona, Messi has already won 5 La Liga titles and 3 Champi-

ons League titles (with scoring in two of those finals).

At age of 5 Messi was already playing for a football

club called Grandoli, by the age of 8 he was playing for

Newell‘s Old Boys. River Plate was keen on signing

Messi but could not afford his medical bills which were

minimum $900 a month (he was suffering from growth

hormone deficiency). So his father arranged a trial with

Carles Rexach, the sporting director of FC Barcelona

and this is how the great Messi landed in Barcelona‘s

youth academy.

From there his fame grew leaps and bounds; he became the youngest player for Barcelona to score a La

Liga goal. He also proved that the ―New Maradona‖ tag was not at all hyped up by emulating Mara-

dona‘s most famous goals in a space of single season. Messi scored a goal against Getafe FC which was

a replica of Maradona‘s famous goal against England at the 1986 World Cup in Mexico, known as the

‗Goal of the Century‘. He also scored a remarkably similar goal to Maradona's 'Hand of God' goal

(against England) against RCD Espanyol.

When Messi won 2009 Ballon D‘Or by beating Cristiano Ronaldo; the margin of 473 to 233 was the

largest ever. A year before he also won his first international honour, an Olympic gold medal, with the

Argentina Olympic football team in Beijing.

You know greatness is not defined by calling yourself great (this one goes for me), greatness is defined

by the height you reach, at what age and how you reach it. People like Messi are followed and prayed in

a country like India (where cricket is the only sport followed) because they come from small families

with loads of problems but they reach the sky and nothing can come in their way of GREATNESS.

Only god knows where this BOY (or should I refer to him as MAN) would reach in times ahead as he is

just 24.

You know greatness is not

defined by calling yourself

great (this one goes for

me), greatness is defined

by the height you reach,

at what age and how you

reach it.

He also scored a re-

markably similar goal to

Maradona's 'Hand of

God' goal (against Eng-

land) against RCD Es-

1 2 3 4 5 6 7 8 9 10 11

NEWS @ IBS– ALL HAPPENINGS IN IBS HYDERABAD! - NITIKA THAKUR After a mid week break of two days, the whole IBS was geared up again on Friday with CP‘s, vivas,

project submissions and classes. Apart from the academic activities, club events made the Friday eve-

ning in IBS entertaining and enriching.

STOCKYARD – ANTI CORRUPTION MOVEMENT IN INDIA

StockYard organized a freewheeling discussion on Anti – Corruption movement in India. The event was

honored by the National coordinator of Lead India Foundation, Mr. Sudharshan Archarya. He shared his

views on anti corruption movement in India and the LokPal Bill. The event was graced by faculty Prof.

G.K Srikanth who addressed the audience and enlightened the students on the current scenario of cor-

ruption. The event was an interactive discussion where the students shared their views and concerns re-

garding the situation. The masters of the ceremony Suhani and Rajat took the audience through the his-

tory of Lokpal and corruption. In a nutshell the discussion was a huge success and an educative session.

DOT CLUB – TECH Q

Develop on Technology Club conducted its first event TECH – Q a technological quiz. The event had a

plethora of questions on Softwares, operating systems, mobile phones, famous personalities, major play-

ers and almost everything under the technological umbrella. This quiz was not only for the geeks and

nerds but also for laymen and game freaks, who have a keen interest in and are up to date regarding the

latest gizmos and gadgets in the market. The first round was conducted so that the teams would get some

time to charge up their grey cells, this was the elimination round and out of a total of twelve teams, eight

teams were selected for the next mumbo jumbo. Next was the crossword round, wherein the participants

had to rack their brains really hard to find the solutions. The final round was match the following, the

questions were a concoction of tough and easy statements and the participants were suppose to match

the right answers with their statements or questions. The winners of the event were- Manikandan A and

Subhankar Gon (2012) and second - Sunil Reddy and Prateek Watwale (2012)

ECOBIZZ – CRESCENZO

EcoBizz came up with a mind boggling game which tested the participants on their knowledge in eco-

nomics and finance. A total 40 teams enrolled for the event with 2 members per team. The game had

three rounds. While the first round tested the participants on lateral thinking which required the partici-

pants to think and understand the word from the pictures and hints shown, the second round was an au-

dio visual round which tested finance, business and general knowledge of the players. It was also the

objective to improve multitasking skills, which is a prerequisite for managers. The third round was to

strategize and think how to spend the money given to each players. The winners of the event were

Bharti Chaudhary & Trishendu Deb and runners up were Phani Bhushan and Abhishek Singh.

THE IBS TIMES

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MARKET WATCH - VASUNDHARA ARORA

The triple-edged sword of interest rate hikes, soaring inflation and weakening global conditions have made India‘s GDP numbers slide for the first quarter of FY‘12 to 7.7% which is lower than the last five quarters. Series of rate hikes by RBI to deal with inflation ate into consumption levels which fell from 8% to 6.3% from the last quarter. A sigh of relief in this gloomy picture was a robust climb in investments from 0.4% to 7.9%. With many global and local events lined up in September, it always is an action-packed month. RBI‘s monetary policy to be released on the 16th is something to watch out for as analysts expect another 25 bps in interest rates to combat inflation which might act as a deterrant to the weakening growth of the country. The Movers & Shakers of the Week

To maintain its competitiveness in the fierce industry, Maruti Suzuki has got 15-20 new vehicles lined up for launch over the next five years with a majority being low-cost small car offerings including facelifts and variants. With the new environment minister at the centre, Coal India‘s project stuck under environmental norms start getting approvals seeking an investment INR 420 billion over the next few years to set up washeries and foreign acquisitions. SAIL is planning to start its production from one of the largest iron ore mines in Asia, Chiria by 2014. With an investment nearing INR 35 billion, the mine will become operational in another three years thereby facilitating SAIL to quadruple its annual steel pro-duction capacity of 800 MT in medium term.

Global Cues:

After a prolonged phase we witnessed Indian boarses running ahead of all the markets in the world rising at whopping 6.1% during the week followed by Brazil (6%) and Singapore (3.5%). Analysts expect the outperformance of Indian markets to continue on the grounds of falling correlation between Indian markets and those of developed west which stands at 0.3 in 2011.

Coming as no surprise, U.S. and Chinese markets were the only ones to end in red recording 0.4% and 2.3% losses respectively. U.S markets were on a bleak trading trend owing to dismal employment numbers and Indian markets were very quick to respond to the delay in QE3 by Fed on the grounds to curb soaring commodity prices in emerging markets.

.

SURGES %Change DOWNFALLS %Change

JUBILANT 15.2 MOSER-BAER INDIA 8.8

REI AGRO LTD. 13.4 CHENNAI PETROLEUM 7.3

SHRIRAM TRANSPORT 12.7 ONGC 7.1

THE IBS TIMES

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MARKET WATCH

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Disclaimer- This newsletter is just a compilation of news from various sources. Thus, readers are expected to cross-check the facts before

relying upon them. Though much care has been taken to present the facts without error, still if errors creep in, necessary feed

back will be always welcomed. Editors will not be responsible for any undertakings. The newsletter is not meant for sale and

hence, no part of the newsletter should be used without the prior permission of the editorial team.

Sources- The Economics Times, The Hindu Business Line, Times of India, Business Standard, Financial Ex-press, Financial Times,

Business Week, Business World, The Economist, Wall Street Journal, Bloomberg, Reuters, Moneycontrol.com, Vccircle.com,

yahoofinance.com, Business Today, India Today, Investopedia.com, Wikipedia.com, DNA, The Deccan Chronicle, The Hindu,

The Tele-graph.

EDITORIAL TEAM-

TANIYA BANERJEE, SAINYAM KUMAR, VASUNDHARA ARORA, NITIN ARORA, NITIKA THA-KUR,RAJAT MONGA, SUPRIYA MAMGAIN

BUSINESS JARGONS BY–TANIYA BANERJEE

29 AUGUST 2011

30 AUGUST 2011

31 AUGUST 2011

1 SEPTEMBER 2011

2 SEPTEMBER 2011

Sensex 16,416.33 16,676.75 * * 16,821.46

Nifty 4,919.60 5,001.00 * * 5,040.00

DJIA 11,539.25 11,559.95 11,613.53 11,493.57 11,240.26

HangSeng 19,865.11 20,204.17 20,534.85 20,585.33 20,212.91

FTSE100 ** 5,268.66 5,394.53 5,418.65 5,292.03

Gold ($/oz.) 1,788.50 1,835.10 1,824.20 1,825.40 1,884.20

Crude($/bl) 111.35 111.07 113.25 112.74 -

INR v/s USD 46.6400 46.2106 46.1176 45.9976 45.9542

INR v/s EURO 67.6462 67.0400 66.7276 66.3506 65.7986

David Dreman-A prominent private investor who founded the investment company Dreman Value Management.

David Dreman has also published three books and is on the board of directors for the Institute of Behavioral Finance. He

is also the co-editor of the Journal of Psychology and Financial Markets.

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11

*Markets closed on account of Id-ul-Fitr and Ganesh Chaturthi

** Data not available

30 Aug’11 31 Aug’11 1 Sept’11 2 Sept’11