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25 November - 1 Decmeber 2011 3TRISTATE/INTERNATIONAL

AT&T Celebrates New High Tech

Bilingual Store in Flushing, NYA Traditional Chinese Lion Dance Kicks-off a Day of Celebration

AT&T Opens New High-Tech Bilingual Store in

Flushing with Chinese Dragon Dance(PRNewsFoto.AT&T Inc.)

AT&T Opens New High-Tech Bilingual Store in

Flushing with Ribbon-Cutting

(PRNewsFoto.AT&T Inc.)

(Press Release)NEW YORK -- To addressthe growing demand for ad-vanced wireless data prod-ucts and services, AT&T* onNov. 19, 2011 announced agrand opening celebrationfor a new high-tech store inFlushing.

"The Flushing storeis part of a growing portfolioof bilingual retail locationsin the metro NY area," saidTom DeVito, Vice Presidentand General Manager forAT&T in New York and NewJersey. "Customers can 'trybefore they buy' the mostadvanced devices and getassistance in their languageof choice."As part of the grand open-ing celebration, customerswere eligible for special dis-counts including up to $50off select in-stocksmartphones only at theFlushing location throughNovember 20.Located at 39-15 MainStreet at the corner ofRoosevelt Avenue the storeis led by industry veteran XiLi and has a team of 17

sales consultants; all arebilingual and trained to as-sist customers both busi-ness and consumer withpurchasing decisions, cus-tomer service and technicalsupport. Hours of operationare Monday through Satur-day 10:00 a.m. 9:00 p.m.,Sunday 11 a.m. 7:00 p.m.The new Flushing storebrings the number of AT&Towned stores in Queens toten. There are more than 60

AT&T owned stores in thefive boroughs. Across met-ropolitan New York and

northern New Jersey, thereare more than 135 AT&Towned stores . AT&T'sproducts and services arealso available at a numberof local authorized dealersand national retail locations.*AT&T products and ser-vices are provided or offeredby subsidiaries and affili-ates of AT&T Inc. under theAT&T brand and not byAT&T Inc.

About AT&T

AT&T Inc. (NYSE: T) is apremier communicationsholding company and oneof the most honored com-panies in the world. Its sub-sidiaries and affiliates AT&T operating companies are the providers of AT&Tservices in the UnitedStates and around theworld. With a powerful ar-ray of network resourcesthat includes the nation'sfastest mobile broadbandnetwork, AT&T is a leadingprovider of wireless, Wi-Fi,high speed Internet, voiceand cloud-based services.A leader in mobile broad-band and emerging 4G ca-pabilities, AT&T also offers

the best wireless coverageworldwide of any U.S. car-rier, offering the most wire-less phones that work in themost countries. It also of-fers advanced TV servicesunder the AT&T U-verseand AT&T | DIRECTVbrands. The company'ssuite of IP-based businesscommunications services isone of the most advancedin the world. In domesticmarkets, AT&T AdvertisingSolutions and AT&T Interac-tive are known for their lead-ership in local search andadvertising. Additional in-

formation about AT&T Inc.and the products and ser-vices provided by AT&T sub-sidiaries and affiliates isavailable at http://www.att.com. 2011AT&T Intellectual Property.All rights reserved. Mobilebroadband not available inall areas. AT&T, the AT&Tlogo and all other markscontained herein are trade-marks of AT&T IntellectualProperty and/or AT&T affiliatedcompanies. All other markscontained herein are the prop-erty of their respective owners.

Volatile Global Economy Spreads Impact Worries India

(New Delhi Bureau) On

the first day of the winter

session of parliament the

Finance Minister of India

Pranab Mukherjee said

on Tuesday that Indias

budget projections may

be missed this fiscal year

while commenting on the

growing budget deficit.

The minister said that

reaching the fiscal deficit

target of 4.6% of Gross

Domestic Product (GDP)

in the current fiscal year

would be difficult in the

backdrop of deteriorating

global economy. Showing

concern over its impact

on the Indian economy

s ince las t coup le o f

months he sa id , We

have to be careful not to

over-do ourse lves in

reaching this target since

that can have an exces-

sive slowing down impact

on growth. The govern-

ment clearly indicated its

struggle to achieve the

targeted level of fiscal

deficit in the current fis-

cal year. The fiscal defi-

cit was 6.4 per cent of

GDP in 2009-10, while in

2010-11 it was brought

down to 4.7 per cent. The

governments admission

that the target of bringing

it further down to 4.6 per

cent during the current fis-

cal seems unachievable

may lead the global inves-

tors to rev is i t the i r

projects touching Indian

economy.

Given the deterio-

ration in global economy

and its impact on India

over the past three to four

months th is caut ionagainst over zeal by the

Indian government can be

taken as an alarming sig-

nal to face rough weather

in Indian markets be-

cause till now the govern-

ment maintained that the

target for 2011-12 would

be met. Confirming this

first real assessment of

the situation of fiscal defi-

cit by the finance minis-

ter analysts expect fiscal

deficit to be anywhere in

the range of 5-5.5 per

cent of GDP this fiscal.

The volatility in markets

have weakened Indian ru-

pee to 52.5400 levels

against a dollar. Rising

inflation in the economy

has gradually become dif-

ficult to control and grow-

ing interest rates have

reversed the trends in in-

vestment. Though the

count ry has the bes t

economist ever as i ts

Prime Minister the gov-

ernment seems helpless

and has been on the back foot

in tackling some of these is-

sues. Analysts say the Indiangovernment needs to look for

options which would help

guard the economy against

any further slowdown. On

the o ther hand, the

economy is defying Re-

serve Bank of Indias

(RBI) t i gh t monetary

moves making the marks

of the slow down visible

under the impact global

slowdown. As the RBI

gears up for strengthen-

ing reserves for the worst

in the wake of global eco-

nomic turbulence, it also

tries to bring down fiscal

deficit by cutting expen-

diture fearing it might fur-

ther increase the adverse

impact on the slowing

down of economy. The

only way to improve now

seems to focus on rev-

enue generation which has

also not been keeping pace

with the target as disinvest-

ment are in jeopardy and

tax collections are bear-

ing the brunt of slowdown,

the experts say.

Delhi plans to buy Australian uranium assetsBy TSAI Bureau

SYDNEY : Energy-hungryIndia will consider acquiringAustralian uranium miningassets if a controversial banon exports to the nuclearpower is lifted, a report saidon Tuesday.

Australia has the worldslargest reserves of uraniumand New Delhi officials saidthe country could move tobuy up assets if a ban onsales is removed, asfavoured by Prime MinisterJulia Gillard.

Once Australia comes

into the fold all properties will

be reviewed, said AKSarangi, deputy generalmanager of strategic plan-ning at the Uranium Corpo-ration of India, the govern-ment agency responsiblefor mining and purchases.

Australian deposits willbe a target along with as-sets in other countries, headded to The Australiannewspaper.

If we decide we needto a t ta in propert iesabroad and the Australiangovernment agrees thenAustral ian assets are

also considerations.

Federation of IndianMineral Industries chiefRK Sharma agreed.

I think it would bevery desirable to invest inAustralian uranium as-sets because Australia isa very investor-friendlycountry, he was quotedas saying by the news-paper. Meanwhile, sayingi t was s t i l l s tudy ingIndias regulat ions oncivil nuclear liability, theUnited States has as-serted that for it ensuringa level playing field for

American companies in

India remained a priority.Completing the US-

Indian civil nuclear coop-erat ion partnership iscentral to both our na-tions long-term prosper-ity and Indias future en-ergy security, the StateDepartment said in re-sponse to a question on theproposed regulations for civilnuclear liability in India.

Ensuring a level playingfield for US companies toinvest in Indias civil nuclearindustry remains a priorityfor the State Department,

it said in a statement.

Rajat Gupta seeks to depose

Goldman Sachs executivesNEW YORK: Lawyers for former In-

dian-American McKinsey head Rajat

Gupta, set for trial next year on insider-

trading charges, want Goldman Sachs

CEO Lloyd Blankfein and the Chief Finan-

cial Officer David Viniar to testify in his

case.

Gupta's lawyer Gary

Naftalis submitted in a Man-

hattan court his l ist of 10

wi tnesses he would

"most want to depose on

behalf of Gupta."

US District Judge Jed

Rakoff, who is presiding

over the case, had last

week ordered Gupta, the

Securities and Exchange

Commission and lawyers

for Galleon co-founder

Raj Rajaratnam to submit

the list of witnesses they

want should testify in SEC's lawsuit

against Gupta.Besides Blankfein and

Viniar, Gupta is seeking depositions

of Rajaratnam's and his co-investor

Ravi Trehan, Rajaratnam's former as-

sistant Caryn Eisenberg and Goldman

Lead Director John Bryan. Gupta's law-

yer said he would also want to "later"

question Goldman COO Gary Cohn,

Goldman Managing Director David

Loeb, Proctor and Gamble Presiding

Director W James McNerney and Anil

Kumar, former partner at McKinsey.

"The witnesses we list are believed

to have information relevant to this ac-

tion," Naftalis said in court papers. The

Securities and Exchange

Commission also submit-

ted names of 10 potential

wi tnesses that i t w i l l

seek to depose in prepa-

ration for Gupta's civil trial

set for next year. The regu-

lator wants to speak with

Gupta, his wife, Rajaratnam

and his brother R K

Rajaratnam, as well as with

Gary Rosenbach, Galleon's

co-founder, and Ian

Horowitz, a Galleon trader.

Gupta was charged on Oc-

tober 26 with five counts of securities

fraud and one count of conspiracy to

commit securi t ies fraud. He has

pleaded not guilty and will face trail in

the criminal case in April next year.

The SEC had also filed its lawsuit against

Gupta the same day, accusing Gupta of

engaging in an "extensive insider-trading

scheme" with Rajaratnam.

Gold prices may reach $2,000 by March 2012: Report(News Agencies)

Mumbai : Gold prices are

likely to touch $2,000 by

March, driven by the global

economic crisis, while gold

imports may reach 1,000

tonne, a senior

SocotiaMocatta official

said. "Investor demand has

compensated the decline in

the jewelry consumption.

The rising gold prices, which

has boosted the investors

appetite, may result in close

to 1,000 tonne imports of

the yellow metal," Rajan

Venkatesh, Managing Di-

rector, India bull ion,

SocotiaMocatta, a part of

the Bank of Nova Scotia,

told reporters on the side-

lines of FICCI 'Gems and

Jewelry Conference in

Mumbai.

The current US and the

Euro zone crisis, he said,

will keep the gold prices

bullish and they are likely

to reach $2,000 an ounce

in another 3-4 months.

"People are losing faith in

cash as load of the US cur-

rency can be printed," he

said. The gold prices here

today ruled at Rs 28,500

per 10 grams, while it was

$1,695.90 an ounce in the

global markets.

On silver, Venkatesh

said, the imports will be

slightly lower than last

year's 3,030 tonnes due to

the rise in prices."Silver

business is not that signifi-

cant (by volume)... a couple

of months ago it was very

good when prices had ta-

pered off," he said.The de-

mand will improve if the sil-

ver prices come down to Rs

40,000-45,000 a kg, he

said.

Silver prices today stood

at Rs 56,250 per kg here

and in the global markets it

was at $31.88 an ounce.

Mr Rajat Gupta.