FinXpress

Company in Focus:

HSBC

2

StartUp in focus:

Creatives that work

3

Markets this Week 4

News of the Week 5

CAN YOU SOLVE IT? 7

OCTOBER 9, 2011

Sources of Data:

HDFCsecurities

Economic Times

The Hindu

Rediff Money

MoneyControl.com

Financial Express

Indiapetro

Inside this issue:

Institute Of Management Technology

Ghaziabad

GLOBAL REACH

LOCAL APPEAL

REINVENTING BUSINESS BRANDING

About HSBC :

HSBC the ("Hong kong and Shanghai Banking Corporation") was founded

in the former British colony of Hong Kong and Shanghai in 1865 and is

famously known to be “The world’s Local Bank”. HSBC is the largest bank

in Hong Kong and in mainland China it is now the largest international

bank. It has around 7,500 offices in 87 countries and territories across

Africa, Asia, Europe, North America and South America and around

100 million customers. HSBC is a universal bank and is organised within

four business groups : Commercial Banking, Global Banking and Markets

(investment banking); Personal Financial Services (retail banking) and

Private Banking. The current Annual revenue is $98.918 billion and Profit is

$13.159 billion with total assets of $ 2.454 trillion. With a loan-deposit ratio of 90%, HSBC Bank is said to be one of

the five British banks that claim to have more deposits than loans. Such a high loan-deposit ratio of the bank has

been able to retain the trust of its investors and customers, keeping them assured of its financial strengths.

Subsidiaries of HSBC :

HSBC Bank plc, The Hongkong and Shanghai Banking Corporation, HSBC GLT India, HSBC Bank USA, HSBC Bank

Middle East, HSBC Mexico, HSBC Bank Brazil, HSBC Finance.

HSBC Bank in India :

HSBC Bank started operation in India at Bombay (Mumbai) in 1953 after acquiring Mercantile Bank of India. It offers

complete range of products with world class service to its corporate as well as individual customers. HSBC has a

steadily growing customer base, due to its sophisticated and efficient financial services. HSBC Bank operates in India

under various wings such as, HSBC Asset Management (India) , HSBC Global Resourcing, HSBC Electronic Data

Processing (India) , HSBC Insurance Brokers (India) , etc.

HSBC Group entities in India :

The Hongkong and Shanghai Banking Corporation Limited (HSBC), HSBC

Asset Management (India) Private Limited, HSBC Global Resourcing /

HSBC Electronic Data Processing (India) Private Limited, HSBC Insurance

Brokers (India) Private Limited, HSBC Operations and Processing

Enterprise (India) Private Limited, HSBC Private Equity Management

(Mauritius) Limited, HSBC Professional Services (India) Private Limited,

HSBC Securities and Capital Markets (India) Private Limited, HSBC Software

Development (India) Private Limited, HSBC InvestDirect (India) Limited.

Achievements

HSBC Bank is well known for having established the first ATM in India in

the year 1987. The bank is present in many prominent cities of the country

including Mumbai, New Delhi, Bangalore, Hyderabad, Jaipur, Chandigarh

etc.

Page 2 FinXpress

Company in Focus : HSBC

Who they are?

They are a bunch of free thinkers with years of corporate experience and ground breaking views. They see things as they are before making a fairy tale out of it. They believe in working together with their clients to create Creative’s That Work.

What they Do?

User Experience: User experience is not about how a product works on the inside. It is about how it works on the outside, where a person comes into contact with it and has to work with it.

Interactive: Make your users play around with you application. Let your data and thoughts interact with them.

Web Technologies: Web is their Mother tongue. They do anything and everything in Web.

Branding: To them, brand experience is so much more than pictures and words. Print and web collateral will help increase sales, revenue, and brand loyalty, but only because they offer a preview of your brand experience.

Learning 2.0: Learning is social. Let them help you digitize your trainings.

Products:

Result Oriented Solutions: Rather than delivering some mere graphic designs etc. to their clients, their branding solutions are purely focused on results and business outcomes, thus delivering very customized solutions that are result oriented.

One Stop Solution: They become your one stop solution for all your branding, web solutions, print marketing etc. This not only gives you access to world-class solutions at single point of contact but also allows you to focus on your core business and outsource the rest to these experts.

Value for your money: Though Branding & Creativity is priceless, they offer Highly Competitive prices, packaged with value adds. With them you will experience branding as an investments rather than an expense.

At Creatives That Work they strive to create innovative design concepts for today's businesses. They help bring your brands to life as never before and enhance its recall value. Their designs speak to your customers the way you want it to speak. Web, print, electronic media or the internet.. our designs blend with the media to make your communication work.

They are a collection of hard-to-pigeon-hole enigmas. Their team, consisting of professionals from a diverse background of communication practice areas proves this fact. Together, they deliver value through research-led insights and precision-led execution bundled with fun and creativity.

In a sea of a million businesses, pick a local company that can help you Become a big fish... Or Squid for that matter...

Page 3 FinXpress

StartUp in Focus : Creatives that work

Page 4 FinXpress

Markets this week

Last week saw markets fall in three out of four trading sessions with the BSE Sensex falling 221.22 points or 1.34% to settle at 16,232.54. The 50 shares S&P CNX Nifty fell 55.20 points or 1.12% to 4,888.05. The BSE Mid-Cap index fell 2.78% and the BSE Small-Cap index dropped 2.32%. Both these indices underperformed the Sensex. The BSE Bankex index fell 4.63% to close at 10,348 levels, making it the largest loser in the week. India's largest bank, State Bank of India (SBI) was the biggest Sensex loser for the week. The stock tumbled 8.33% to ` 1751.85 after a downgrade from rating agency Moody's Investors Service. Moody's cut bank financial strength rating (BFSR), or stand-alone rating of SBI, to D+ from C because of concerns over its capital situation and deteriorating asset quality. SBI's nonperforming assets were at a three-year high as of 30 June 2011, at 3.5% of loans, and this will likely increase the bank's potential credit costs in the near-term according to Moody's.

All the three US indices ended the week in green. The Nasdaq rose the most by 2.6% for the week while the S&P and the Dow rose by 2.1% and 1.7% respectively. U.S. stocks rallied primarily as investors turned optimistic, following the European Central Bank's latest policy measures aimed at boosting liquidity in the European banking system in the later part of the week coupled with an encouraging jobs data. The US dollar appreciated against the rupee by 0.43% for the week ended 07th October 2011. The Indian rupee remained under pressure on sustained demand for the dollar amid a rise in the dollar value overseas. International gold prices rose 0.66% for the week to close at USD 1635.80 per ounce. International crude oil prices (WTI) rose 0.10% for the week ended 07th October 2011 to close at USD 82.98 per barrel.

India's August exports rose 44.25% to $24.3 billion from a year earlier, while imports for the month rose 41.82% to $38.4 billion, leaving a trade deficit of $14 billion, government data showed. The government also announced an additional borrowing of ` 52000 crore for the second half of current fiscal. Next week, all eyes would be on Infosys which would announce its Q2 earnings. The industry expects Infosys to raise its earnings and revenue guidance in rupee terms for FY12 on the back of a steep decline in rupee against the dollar in the recent past. A strong dollar against the rupee augurs well for the IT companies as it boosts their revenues. India’s service

sector has showed signs of slowdown amid concerns of weak global economy. The seasonally adjusted HSBC Markit Business Activity Index, based on a survey of around 400 firms, plunged in September to 49.8, its lowest reading since April 2009, and below the 50 mark which separates growth from contraction. The index was at 53.8 in August.

Page 5 FinXpress

News of the Week

Apple founder, Steve

Jobs passes away

Apple’s visionary leader Steve

Jobs, passed away at the age of

56 on October 5, 2011

Wednesday after a prolonged

battle with cancer. He passed

away barely a month after

handing over the reins of his

company to the Chief Operating

Officer, Tim Cook. Jobs had the

uncanny ability to combine

hardcore technology to human

nature. He was born of a single

mother on February 25, 1955

and was later adopted by a

couple. He began Apple

Computers in 1976 in his home

garage at the age of 21 along

with partner Wozniak, 26.

$1.2 billion dip in

India’s Forex Reserves

Indian foreign exchange reserves

dipped by $1.2 billion during the

week ended September 30. The

dip is largely due to revaluation

of India’s non-dollar assets. The

present forex reserve of India is

$311.5 billion. The value of other

components of reserves which

includes dollar, euro, yen and

pound dropped by $1225 million

and the value of gold rose by

$348 million. The total value of

India’s special drawing rights

(SDR) with IMF rose by $7 million

and the reserves with IMF

dropped by $345 million. Also,

due to a dip in currency with the

public and term deposits of the

fortnight, money supply into the

system dropped by ` 2130 crore

compared to previous fortnight

and stood at ` 68, 58, 829 crore.

Bharti Airtel and Idea

Cellular plunge more

than 3%

Bharti Airtel and Idea Cellular fell

by more than 3% amidst fears of

slowdown in customer additions

and possible violation of licensing

rules especially regarding

charging customers during

roaming. Other factors such

slowing down of rupee and news

of unrest amongst employees in

Nigeria affected Bharti Airtel.

Bharti Airtel fell around 3% to `

354.80 and Idea Cellular fell

around 5% to ` 90.30. Both may

miss consensus earning

estimates. The two companies

may also be under the scanner of the DoT for carrying out roaming deals allowing their customers to access 3G while roaming in each other’s circles.

European Shares and Euro gain

After a week of sharp gains, the

European shares ended being

stronger and the euro too gained

due to the positive report on the

US jobs. Growing signs that the

rescue of European banks is on

the track also helped the week

end on a positive note. A day

after European Central Bank and

Bank of England took steps to

boost credit, news of the US Jobs

data, which turned out to be

higher than expected, allayed

fears that the biggest economy

was facing the risk of recession.

However, Moody downgraded

several British banks indicating

that they needed help from the

European governments and

Fitch’s rating agency further

reduced credit ratings of Spain

and Italy indicating the need of

more firm actions to fight the

debt crisis.

HDFC Mutual fund

launches Gold Fund

India’s largest fund house, HDFC

Mutual Fund launched its Gold Fund last week which will enable its investors to invest in gold systematically. The new fund-on-fund scheme would allow investors to put money in gold systematically while simultaneously hedging risks against market uncertainty and also affectively diversify their portfolio. The new scheme was opened on October 8 and will continue till October 21. The minimum denomination of investment is ` 100 as per the statement issued.

Greek bailout bigger

than expected: Greek

Representative at the

IMF

The representative of Greece at

the IMF, Mr. Panagiotis

Roumeliotis has said in an

interview that the bailout

requirement of Greece is much

greater than perceived.

Therefore, the government or

the private bond-holders will

Page 6 FinXpress

News of the Week continued...

have to pick up the tab. The EU leaders in July had agreed to provide Greece with a second bailout of 109 billion euros to see them through to 2020. Private bond-holders were asked to participate in the rescue with them accepting a 21% loss on their Greek debt portfolio. He said that to meet the requirement, either the second bailout amount needed to be increased or involve more number of private bond-holders.

SBI expects $2 billion

injection through

government funds in

2012

State Bank of India is expecting an injection of $ 2 billion from the government in the FY12 after Moody’s downgraded its standalone rating due to rising bad loans and reducing capital cushion. The shares of India’s largest lender have been continuously dropping with a drop of 3.9% in the last two years which dragged the broader market into a negative territory. Chairman Pratip Chaudhari has expressed hope that recapitalization will be covered n the current fiscal year. He said that SBI would need ` 140 to ` 210 billion of state capital over a period of 5 years and that a capital supply of ` 30 to ` 100 billion is more desirable in the current fiscal year.

Maruti has halted car

production in a

Haryana plant

Maruti Suzuki has halted car

production at one of its plants in

Haryana due to renewed unrest

amongst its workers. This news

comes just days after Maruti had

said that a month long unrest in

Manesar plant had come to an

end after the workers had agreed

to sign the discipline

agreements. The Manesar

agitation had cost $ 135 million

in output ended. The Maruti

spokesperson said that the

workers went on an agitation at

4:00 PM on October 7, 2011.

Nobel peace Prize for

women now stands at

fifteen

Ellen Johnson-Sirleaf, Leymah

Gbowee and Tawakul Karman

have won the prestigious Nobel

Prize Award for peace on Friday.

This takes the total number of

women Nobel Peace Prize

laureates to 15 and the total tally

for women to 41. Marie Curie

was the first lady to be awarded

the Nobel Prize for Physics in

1903. Later she won the award

for Chemistry in 1911. Other

female Nobel Peace prize

winners in chronological order

are Bertha Sophie Felicita von

Suttner, Jane Addams, Emily

Greene Balch, Mother Teresa,

Alva Myrdal, Aung San Suu Kyi,

Rigoberta Menchu, Jody

Williams, Shirin Ebadi,Wangari

Maathai, Ellen Johnson-Sirleaf,

Leymah Gbowee and Tawakul

Karman.

Cartoons

Solve it Now!

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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

Identify which companies do the logos

belong to :

1)

2)

3)

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 WEEK’S RIGHT ENTRIES WERE FROM :

Amey Ratnaparkhi Mahak Aggarwal Abhushan Sarraf

Arvind Ramkumar Krishna Koundinya

LAST WEEK’S ANSWERS

Set A :-

1) Ericsson

2) Johnnie Walker

3) Toyota

4) Biocon

5) Ernst and Young

6) Ford

7) IBP

8) Larsen and Toubro

9) Metro

10) UBS

4)

5)

6)

7)

8)

9)