The IBS Times-140th Issue

8/2/2019 The IBS Times-140th Issue

1/11

ISSUE - 140 20th JANUARY [FRI

SYNOPSIS - KRITIKA

The IBS Times comes again this week to enrich you with the happenings acrosglobe. We try to touch on issues affecting people globally; bringing in our own pertives to make you think in an alternative context. Gear up for yet another scintilread.

This week through our cover story get information about Pakistans tension witharmy. It is increasingly monitoring Prime minister Yousaf Raza Gilani as for the paweeks his weak and unpopular coalition government has been increasingly accus

multiple fronts by the opposition, a hostile judiciary and a powerful military.

There are many questions that come to our mind when we think about the politicanario of our country like -Why has the formal system of accountability become sofunctional? Why is it that the violators feel so confident and subvert the whole sof checks and balances? Get our writers opinion on this issue through Opinion Fthis week.

When ever a question is raised about the most trusted bank, SBI strikes everybmind. It is becoming the largest player in India because of size advantage, ability t

profits is one of the qualifying criteria for gaining acceptance and brand recall

Banking business. Get all the details through Brand Track column.

This week our focus column is on microfinance. With suicidal cases on a rise in thescenario one has no option but to blame the crazy little word called policy whicframe and take up the shape of either a politicians delicious platter or a poor mansger. But supposedly one such policy was formulated to free this hungry man from miseries - Microfinance.

Moreover we have our regular sections of Fast Track, Quick Bites, Market Watch special dose of News @ IBS to give all of you a glimpse of the happenings last wecampus!

Cheers!!

Kritika Sethi

SYNOPSIS 1 OPINION 5 FOCUS 8

COVER 2 BRAND 6 NEWS @ IBS 9

FAST-TRACK 3 QUICK BITES 7 MARKET 10


2/11

COVER STORYPAKISTAN GOVERNMENT- TENSION WITH ARMY -AVLEEN KAURIn Pakistan, the civilian governments never exit gracefully. They have all been gmighty heave amid crisis. Also there have been times when the Prime Ministers havtrampled by the direct military groups and more often, shunted aside by subtler meanscomes difficult to champion democracy when its chief beneficiaries are accused of cprivate fortunes.

That is the kind of fate, many in Pakistan are increasingly foreseeing for Prime mYousaf Raza Gilani because for the past few weeks his weak and unpopular coalitioernment has been increasingly accused on multiple fronts by the opposition, a hostile ary and a powerful military. As a result, in a dark warning to the countrys politicians,

warned last week that their choice is between democracy and dictatorship. The mo

tension has not been helped by President Asif AliZardaris two recent visits to Dubai. However, there

is little prospect of Pakistans generals seizing direct

control as at the moment, the army already controlsnational security, foreign policy and even elementsof the economy. It will resist any temptation to re-

sort to the crude methods recently displayed by theirEgyptian counterparts. The more likely outcome is aSupreme court ruling. The top judges have beenlooking into an American businessmans claims that

the civilian government sent an unsigned memocalling on the US military to intervene to avert acoup in Pakistan. Henceforth, came a swift trade ofblows. Meanwhile, the army publicly chastised Gi-lani for his remarks and warned of potentially grievous consequences for the country

As a result, Gilani responded by sacking the defence ministrys top bureaucrat by rep

him with a trusted aide. As Gilani tussles with the generals, the Supreme court has reold corruption charges. The judges have ruled that Gilani and his government havedishonestly by not asking the Swiss government to reopen the graft cases against pr

Zardari and also for the past two years, the government has stubbornly refused to coowith what it sees as a blatantly partisan court. Also, Gilanis government finds itself in

ingly isolated given the dire state of relations between the two countries, Washingtonduced to the role of a spectator, only able to voice lukewarm support for constitutiona

ess. Over the past year, efforts to shore up the civilian government have foundered as

tionship has once again reverted to one determined by the mutual security needs. Thecal opposition, led by former Prime minister Nawaz Sharif now scents an opportunity

wary of Pakistans generals it has decided to lock arms with them and push the Sucourt to investigate claims against those who are involved in writing the treasonous m

Henceforth, Gilanis government is desperately hoping to reach March, triumph at the

elections and announce a general election once the summers searing heat fades. Beforhowever the formidable opponents arrayed against it will be determined that this govemeet its end as suddenly and as ignominiously as possible.

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11

The judges have ruled that

Gilani and his government

have acted dishonestly by

not asking the Swiss govern-

ment to reopen the graft cases

against president Zardari

and also for the past two

years, the government has

stubbornly refused to cooperate

with what it sees as a bla-

tantly partisan court.

The political opposition, led by

former Prime minister Nawaz

Sharif now scents an opportu-

nity. Once wary of Pakistansgenerals it has decided to lock

arms with them and push the

Supreme court to investigate

claims against those who are

involved in writing the

treasonous memo.


3/11

FAST-TRACK NEWS -SHILPI KA

S&P downgrades nine euro zone countriesStandard & Poor's downgraded the credit ratings of nine euro- zone countries, stripping France and Au

their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the trouble

currency area. In a potentially more ominous setback, negotiations on a debt swap by private creditors

crucial to avert a Greek default that would rock Europe and the world economy broke up without agree

Athens, although officials said more talks are likely next week.

Suicide bomber kills at least 30 in IraqA suicide bomber disguised as a policeman targeted Shiite pilgrims Saturday outside the southern Iraq

Basra, killing at least 30 people and wounding 80, according to authorities and state-run TV. The bombe

a police checkpoint near a Shiite mosque where many of the pilgrims were headed to mark a revered ho

the end of a 40-day mourning period known as Arbaeen, Interior Ministry officials said. There were con

casualty reports, with state-run Al Iraqiya reporting there were at least 30 people killed and 80 wounde

Interior Ministry officials told CNN there were at least 10 dead and 30 wounded.

Apple halts sale of iPhone 4S in Chinese cities after scuffle

Apple halted sales of its iPhone 4S in Beijing and Shanghai on Friday after scuffles broke out over a launch of the device, sending a shopper hurling eggs at one of its stores in the capital.

Hundreds of devout fans along with scalpers braved subfreezing temperatures and camped out ov

awaiting the phone's debut near the trendy Sanlitun Village shopping mall in Beijing. As dawn broke

the mood turned sour when the store's doors remained shut beyond 7 a.m., when the sale was sched

start."Open! Open!" people chanted and booed at the employees inside.

Thin, metal Ultra book laptops ready for take OffAt the gadget industry's annual crystal-ball convention, laptops look more like products of Aston Mar

Fisher-Price. With sales of budget laptops plummeting, computer makers are swinging the pendulum

sleeker, metallic and pricier portable PCs that they're calling Ultrabooks. Many of these were shown for

time here this week at the International Consumer Electronics Show.

Eco-industry park promotes shared visionOn a brownfield site in east London, not far from the site of the 2012 Olympic Park, a new green v

emerging from the ashes of the UK capital's dirty industrial past. Once the home of a coal-fired power

theLondon Sustainable Industries Park(SIP) at Dagenham Dock is creating the largest concentration o

ronmental businesses in the UK. The concept to transform the area into a clean-tech hub was originally

by the local government authority (Barking and Dagenham) who were keen to promote jobs and prosp

the wake of cutbacks at automaker Ford's Dagenham car plant.

Six dead as cruise ship runs aground off ItalySix people died today after a cruise ship ran aground off the Italian coast in an accident which forced the

guard to evacuate over 4,000 people, media reports said. The Costa Concordia was on a trip around the Mterranean when it hit a reef near the Isola del Giglio late on Friday. The local mayor said he feared furthealties as it was proving difficult to rescue the last passengers.

Cambist An individual or broker considered to be an expert in foreign exchange rates. Cambist may also refer to a bproviding information, such as exchange rates on world currencies and other mediums of exchange. The term comes fro

Latin word cambiere which means to exchange .

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11
http://www.londonsip.com/default.htmlhttp://www.londonsip.com/default.htmlhttp://www.londonsip.com/default.html


4/11

U.S. acts against Chinese oil traderThe US has slapped sanctions on three firms including a major Chinese oil trader for selling refined oil

ucts to Iran, just days after US Treasury secretary Tim Geithner travelled to Beijing to press for Chinese

port on Iran sanctions. The US State Department announced late Thursday night that penalties would b

posed on China's Zhuhai Zhenrong, the Singapore-based oil trader Kuo oil, and the UAE-based indepe

oil trader FAL.

40 Air India pilots call in sick, flights cancelled in Delhi & MumbaiCash-strapped national carrier Air India seems to be headed for another showdown with its pilots over al

non-payment of their allowances. At least 40 of the airline's pilots called in sick this morning, affecting

operations in Delhi and Mumbai. Operations in Kolkata and Chennai are said to be normal so far. Acco

to reports, at least 14 Air India flights scheduled to depart from Delhi have been cancelled and two have

delayed so far due to the agitation. In Mumbai, two flights have been cancelled while several flights

been delayed.

Beyonce designs shirt for Obama's campaign

Singer Beyonce Knowles has designed a T-shirt to raise money for US President Barack Obama's re-elecampaign. The 30-year-old, who gave birth to daughter Blue Ivy Jan 7, is one of 22 people to get involv

the Runway to Win campaign by creating a garment, reports contactmusic.com. Beyonce's mother

Knowles, who manages the star's House of Dereon clothing line, says that the designs are embellished

many slogans and phrases associated with the president, including 'Yes we can' .

Rare portraits of Gandhi to be auctioned in EnglandA set of three portraits drawn from the life of Mahatma Gandhi by artist Clare Winsten will be auction

England on Jan 24 at the Mullocks Auction House. The portraits estimated at 800-1,000 pounds ($1,2

1,530) each were drawn during Gandhi's visit to England 1930-31 for the Round Table Conference. Win

who was actively involved in social humanitarian causes, was a great friend of Gandhi.

Memogate storm: Gilani, Kayani to come face-to-facePakistan Prime Minister Yousuf Raza Gilani and Army chief General Ashfaq Parvez Kayani will come

to-face for the first time since they crossed swords over the memo issue, when a Cabinet committee m

Saturday to discuss crucial issues related to national security and relations with the US. The governme

convened a meeting of the Defence Committee of the Cabinet, Pakistan's highest decision-making bod

security matters, at the Prime Minister's House on Saturday afternoon, officials

Black Friday for Indian cricketers as Australians take control

India's cricket tour of Australia lurched to new lows on Friday, which proved to be unlucky January 1

visitors slumped to a disappointing 161 all out in Perth and then saw David Warner smash the fourth f

century in Test history as Australia reached 149-0 at stumps on day one. Down 2-0 in the four-match s

the second-ranked Indians went into the third encounter with doubts about the pitch at the WACA

ground staff were filmed on Thursday night drinking beer and walking on the playing surface in bare fee

Obligor- A person or entity who is legally, or contractually, obliged to provide some benefit or payment to another. Ifinancial context, the term obligor refers to a bond issuer, who is contractually bound to make all principal repayments and est payments on outstanding debt. The recipient of the benefit or payment is known as the obligee.

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11


5/11

OPINION FORUM WE THE PEOPLE! -ANKIT SHAnna Hazare's corruption crusade elicited a large scale public response because people have develope

against public functionaries. They are perceived as the violators oflaws of the land. Like every democratic

India too has an elaborate system of checks to ensure that every public functionary is held accountable.

nately, the reality is that a majority of 'insiders' are generally able to subvert the formally laid down governa

cedures. Instances of arrest and prosecution of, custodians of the Constitution for violations of law even wh

ing public office, are nothing new to our ears. Members of the union council of ministers have been haul

investigation agencies for violating laws and later prosecuted after a fair trial. A lot of Public servants - be t

isters or bureaucrats - the pillars of our democratic system, have all made their presence felt, but for all threasons. There exists an internal chain of command among them. They are duty-bound to take decisions wh

ing with the problems of citizens. However, this system, with a tight, built-in structure of control and sup

h a s n o t y i e l d e d p r o p e r a c c o u n t a b i l i t y o f d e c i s i o n - m a k e r s i n I

Why has the formal system of accountability become so dysfunctional? Why is it that the violators feel

dent and subvert the whole system of checks and balances? The key

reason is that the system even after so many efforts is still not fool-

proof. First, only internal mechanisms of public accountability have

been defined. While the 'external' dimension of accountability was

never integrally linked to the first. In fact, an open democracy has

never actually operated in India because every activity and decisionof the government was 'open' only to powerful strata of society only.

And was kept as a secret from a vast majority of citizens, who had

every right to know it. Though, the Right to Information Act, 2005

and the setting up of Central and State-level Information Commis-

sions has now opened some of the mysterious gates to the offices of

decision-makers. This law has extended, to a great extent, the

boundaries of accountability in public service. However, if the wall

of secrecy is completely broken, they will function with a sense of real accountability. Second, the so exi

mocratic political system should guarantee that the citizens will be served by functionaries of the state as a m

'right'.

The Grievance Redressal Bill along with a Citizens Charter, such as the RTI Act, will make public servan

accountable. As observed by some social activists that, 'getting his bijli, sadak or paani' is far more importan

common man. The Grievance Bill, and not the Lokpal, will empower them to get these basic necessities. N

the real innovation in enacting a Public Grievances Bill or Citizen's Charter is that the grievance redressa

will 'be responsible for redressal of citizens' grievances and will strictly be penalized, if he doesnt abide b

ties. Our country is one which has several laws, even catering separately, to age old issues such as anti -co

Despite this, citizens often feel helpless while dealing with an 'all powerful bureaucracy'. Ordinary citizen

have any mechanism to hold non-performing bureaucrats accountable to any citizen-body that can overse

tual functioning of public service. Today the coloqial and well-knit chain of a command and hierarchical

sion system, doesn't really hold any good. Hence, the process of decision-making by public authorities -

political executive or a permanent and professional civil servant - should be exposed to public scrutiny.

must have a right to get their job done. The almost non functional and ineffective system can be 'restored

offices of the government are 'open', not for powerful lobbyists or touts or middlemen, but for any and ever

of our country.

OEX-The ticker symbol used to identify index options traded on the Standard & Poor's 100 index. OEX options arwith a letter code indicating the month code for puts and calls, and a letter code indicating the strike price. Strike

greater than five points use three letters to indicate which group of 100 the option is trading for.

THE IBS TIMES

While the 'external' dimension

of accountability was never

integrally linked to the first.

In fact, an open democracy has

never actually operated in

India because every activityand decision of the government

was 'open' only to powerful

strata of society only.

Our country is one which has

several laws, even catering

separately, to age old issues

such as anti -corruption.

Despite this, citizens often feel

helpless while dealing with an

'all powerful bureaucracy'.

1 2 3 4 5 6 7 8 9 10 11


6/11

BRAND TRACK STATE BANK OF INDIA- WITH YOU ALL THE WAY -POOJA We may experiment with new products and services based on how they are promoted contemporary media, but there are certain services that we avail based on trust alone. So ever we choose a banker, its more than a safe keeper that we choose, we enter into a lon

partnership to manage our hard earned money. And the most trusted name in this businnone other than the veteran-SBI. Its one of the most trusted banking partners of the countits long history bears witness to the fact. According to the Brand Trust report, SBI is thmost trusted brand in India.

SBI has its origins in British India. It was in 1806 that three presidency banks merged to form Imperial bank of India.After independence Imperial bank was nationalised to formThe State Bank of India. Being in India, it gained the advan-tage of being comparatively shielded from the Global finan-cial shocks and after that it came out even stronger and alsomade itself valuable in terms of Brand Equity in Globalmarkets. They may not be bankers to the world yet, but

Indian banks have clearly set their eyes on that. In a yearthat saw the worst recession for the global banking industry

with several big daddies collapsing, resilient Indian bankshave improved their brand value rapidly. There are 20 In-

dian banks in the Brand Finance Global Banking 500- anannual international ranking by UK-based Brand FinancePlc, this year.

Over years SBI has strengthened its presence by acquiring smaller banks and merging itsidiaries with the parent company. And it has resulted in SBI becoming the largest playerdia. Along with the size advantage, ability to post profits is one of the qualifying critergaining acceptance and brand recall in the Banking business. SBI has succeeded to make pto the tune of $ 2-3 million every year for past 3 years. Its strategy for making profits ha

to employ more agents in the economic slump. It is a wise decision to employ human aid out savings account as people are not ready to trust anybody with their money- but ratheit in their lockers where theres no increase in its value but there is no uncertainty either

it needed human efforts to convince back the customers into confidence and hopefulnebusiness was brought by agents to bank ratio of 60:40. But now that the storm has passethe brand value and consumer confidence are at its high, it is trying to bring the ratio to The strategy has worked in SBIs favour till now, and now the brand value of SBI sta

$5.67 billion that bags it 171st position in the Global brand value rankings.

Apart from strong finances, its promotional campaigns have also succeeded in creating antional connects with the cautious clients. SBI claims to be The banker to every Indian.

that stressed the point that SBI has the maximum number of ATMs in India went on tmany laurels. It was about an employee-Mohan, who loses a bet with his colleagues abonumber of SBI ATMs and thus has to be called CHIMANLAL CHARLIE as a penalty. Othe most misunderstood things of SBI includes its logo. The logo looks like a key hole thahave easily depicted safety and security. But rather the white figure in the middle of thcircle is a man, which symbolizes the customer centric approach of the bank. And for surehas catered to the changing demands of the customers and gained acceptance, trust and loyalty.

THE IBS TIMES

The logo looks like a key

hole that may have easily

depicted safety and security.

But rather the white figure

in the middle of the blue

circle is a man, which sym-

bolizes the customer centricapproach of the bank.

Over years SBI has

strengthened its presence by

acquiring smaller banks and

merging its subsidiaries with

the parent company. And it

has resulted in SBI becom-

ing the largest player in

India.

1 2 3 4 5 6 7 8 9 10 11


7/11

QUICK BITES- NEWS THAT CANT BE MISSED ! -KRITIKA

Big Shots

Kodak files for bankruptcy, plans business overhaul .

Government to probe PwC India's sundry inflows .

Ravi Uppal leads race to replace AM Naik as MD and CEO of L&T.

Management Development Institute appoints Mukul P Gupta as director.

Glenmark Pharma appoints Sandeep Gupta as COO .Godrej Properties appoints Pirojsha as MD, CEO .

Company Talks

CCI seeks changes in Competition Act to deal with all M&As .

R-Infra approves merger of 5 subsidiaries, demerger of 1 business .

Cargo firms like CCI, Allcargo, Blue dart perform even amid economic slump .

Ogilvy appoints global brand management head of planning for EAME.

Dentsu India announces senior levels appointments .

NMDC Chairman N K Nanda appointed head of Australia's Legacy Iron Ore .

After UK's Optare, Ashok Leyland close to two more acquisitions .

Sidbis Singhwan assumes charge at India SME Technology Services Ltd .

IDBI appoints Balkrishan Batra as whole time director.

Economy Speaks

Key WTO members to meet at Davos next week.

Bigger outlay for core sector in budget, hints Pranab Mukherjee.

States agree to cut in central schemes, expenditure reforms.

Hope to present Cos Bill in Budget Session: Veerappa Moily

Bihar expects industrial turnaround; $50 billion investments in pipeline.

Banks seek nod to float 3 year tax-exempt FDs, infrastructure bonds up to Rs 50,000.

LIC fears for its Rs 18k crore loans to state bodies.

Financial Intelligence Unit tracks 60 big tax evaders, crackdown next.

Banks seek nod to float 3 year tax-exempt FDs, infrastructure bonds up to Rs 50,000 .Reserve money grew 13% y/y in Jan 13 week: RBI .

The Captains of the Ships

Chief Minister of Gujarat-Narendra Modi

Army ChiefV.K. Singh

External Affairs Minister- S.M .Krishna

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11
http://economictimes.indiatimes.com/news/economy/policy/hope-to-present-cos-bill-in-budget-session-veerappa-moily/articleshow/11542280.cmshttp://economictimes.indiatimes.com/news/economy/finance/lic-fears-for-its-rs-18k-crore-loans-to-state-bodies/articleshow/11561455.cmshttp://economictimes.indiatimes.com/news/economy/finance/lic-fears-for-its-rs-18k-crore-loans-to-state-bodies/articleshow/11561455.cmshttp://economictimes.indiatimes.com/news/economy/policy/hope-to-present-cos-bill-in-budget-session-veerappa-moily/articleshow/11542280.cms


8/11

FOCUS OF THE WEEKMICROFINANCE: THE MYTH BEHIND THE REALITY - ATREYEE SEN

Tail Risk-A form of portfolio risk that arises when the possibility that an investment will move more than three sdeviations from the mean is greater than what is shown by a normal distribution. When a portfolio of investments is

gether, it is assumed that the distribution of returns will follow a normal pattern.

THE IBS TIMES

The commencement was a boon but the implementation a bane. With suicidal cases on a rise in t

scenario one has no option but to blame the crazy little word called policy which can frame an

up the shape of either a politicians delicious platter or a poor mans hunger. But supposedly on

policy was formulated to free this hungry man from all its miseries - Microfinance. A tool b

scribed to be working on the methodology of JLG (joint Liability Group) adopted from the G

model that originated in Bangladesh. What intrigues me is the fact that how microfinance a too

cial development could become a subject of clever marketing? Well it all initiated from an Orpassed by the State Government of Andhra Pradesh the motherland of MFIs around 2 -3 month

Indian run MFIs then were doing a fine job by balancing between its commercial successes as

serving its low net worth borrowers and small businessmen. But an unexpected twist arrived whe

orphaned MFIs were blamed of coercive practices, lack of transparency and exorbitant

rates. Here comes the time for a perfect reality check. It all started with the Government progra

the SHG (Self Help Groups) and NABARD which had fair intention of adequately serving the p

then unfortunately lacked the sustainability and a good business model. Hence to catch hold of

called wealth generating bottom pyramid came the adventurous MFIs with its highly planned

gressive growth strategies. The wise combination by the MFIs of door-step service, frequen

value repayments, easy credit and group guarantee

attracted the so called unlettered the more. However

one still cannot deny that MFIs interests are indeed

higher. Well there is a fair justification behind.

There are basically three costs for them to cover in

order to give a better service. The first two - the cost

of lending and the cost of defaults which are directly

proportional to the amount lent, e.g. an MFI is sup-

posed to incur around a loss of 11$ for lending 100$

because both the costs add up to that hence an inter-

est rate of 11% is supposed to take care of it. The

third cost is the transactional costs which is not di-rectly proportional but tends to remain same irrespective of the money lent. Sometimes MFIs

follow an aggressive approach of keeping their cost consistent as a result of which the burden s

their low net worth borrowers. However these interest rates are much lower than what is sucked

other village money lenders and informal sources. But even media along with the State has cho

brighter side i.e. by targeting MFIs as profit oriented socially exploitative menace for the s

Well is it only me who is seeing these financial institutions in a different light i.e. those who by m

a stock market debut are actually taking the plunge of adopting expansionary measures for reach

to millions of needy clients. Are they left with any other option considering the fact that they

allowed to take deposits from their clients. But still the pivotal authorities spread their hands in d

debate and complain that the MFIs clients are in a debt trap. If there are no channels to save how

expected to earn a better livelihood? Its high time that the authorities come together to formulat

icy in unison. Let the blame game be discontinued so that our economy gets known for a stron

transparent system. As a citizen of this country let not my right of envisioning this not so distan

be cursed by a political perpetrator. Amen!

The wise combination by the

MFIs of door-step ser-

vice, frequent small value

repayments, easy credit and

group guarantee attracted

the so called unlettered the

more. However one still

cannot deny that MFIs

interests are indeed higher.

The first two - the cost of

lending and the cost of de-

faults which are directly

proportional to the amount

lent, e.g. an MFI is sup-

posed to incur around a loss

of 11$ for lending 100$because both the costs add

up to that hence an interest

rate of 11% is supposed to

take care of it.

1 2 3 4 5 6 7 8 9 10 11


9/11

NEWS @ IBS ALL HAPPENINGS IN IBS HYDERABAD! - RASHMI K

After a series of NCP case studies whole IBS geared up for the Lohri celebra

which started Friday evening. Here is a quick glance of the happenings a

campus.

LOHRI & PONGAL CELEBRATIONSLohri/pongal an extremely popular agricultural winter festival celebrate

the Punjabis and Tamil was celebrated with great vigour in the campus. The

day celebration i.e. 13th -15th Jan began with thrilling performances. Starting

traditional Andhra dance to Punjabis bhangra and gidda along with a short

made the festive occasion all the more spectacular. Following this a proce

was taken from Mess 1 to Taj garden where Lohri bonfire took place and the

dhol night which rejuvenated the students. The next day kite flying compe

was organised and finally puja on 15th Jan. The festival ended with a Rangoli

petition on Sunday evening.

MACON-GUEST LECTURE

Macon- The E-cell of IBS Hyderabad organised a Guest lecture by the CEO o

bus Mr. Phanindra Sama. He discussed with students how B-plan of red bu

conceptualised, problems faced and how he went ahead in making it successf

INFINITY STUDIOS-LAKSHYA

On viewers demand and to celebrate Hrithik Roshans birthday infinity

showcased one of his all time movie Lakshya on 15th Jan which was enjoy

the IBS students a lot

THE IBS TIMES

1 2 3 4 5 6 7 8 910 11


10/11

MARKET WATCH - SWATI

The New Year seems to have started on a good note for India Inc. after the long andtumultuous scenario it went through the last year with inflation easing and industrialoutput recording an upward swing, though The Sensex fell to close at 16,154.62.The Nifty ended at 4,866.00, down close to 30 points. Food prices fell for the secondconsecutive week (ending December 31st) as food inflation remained in the negativezone at -2.9%. In the previous week, food inflation stood at -3.36%. This is a sharp

contrast to the above 19% levels seen in the corresponding week of 2010. Further,with a recovery in manufacturing output, industrial production (IIP) grew by 5.9% inNovember, 2011. Output of the manufacturing sector, constituting over 75% of theindex, went up by 6.6% in November, compared to a growth of 6.5% November 2010. Power generation grew byin compared to 4.6% previously. Production of consumer goods increased 13.1%, as against a benign growth of 0November 2010. Better IIP numbers and rate cuts going forward may cut the negative sentiment in the country.The concluding week saw an all round positive performance from all the sectors except for IT. WhileRealty13.1% during the week, Metals' pack was up 9.8%.powerandcapital goodsstocks too registered healthy gains anup by 8.6% and 8.5% respectively. The Rupee is expected to strengthen in the near future and hence, IT stocks couness an upsurge. Also, the Banking Sector seems to have been taking a hit as its NPAs (Non Performing Asset

increased by 100% especially in the Infrastructure and Real Estate sectors ; so one could expect a downfall in the

tors in the future.Movers and Shakers of the week

Industry major,Infosysrecently released its third quarter results for the financial year 2011-2012 (3QFY12). Thpany reported a 14.8% quarter on quarter (QoQ) growth in its total revenues. It hinted on a slowdown in the IT ion account of troubles in the Euro zone as well as slower growth in developed markets. National Thermal Power

ration(NTPC) is planning to enter intopower distributionbusiness across the country. It had earlier proposed todistribution networks in Kanpur, Patna and Mangalore among others. Taro Pharmaceuticals is evaluating an offer Pharmaover complete buyout. Presently Sun Pharma owns 66% in Taro. Sun Pharma had made an offer in Octobyearannouncing a cash offer of US$ 24.5 per share for the remaining stake. The consumers of coal have strongposed the new pricing system byCoal India. The new pricing system seems to be increasing the cost of coal drafor everyone.

SURGES %Change DOWNFALLS %Change

LANCO INFRATECH 40.9% INFOSYS LTD 8.7%

KSK ENERGY VEN- 34.8% TCS LTD 7.2%

JAI CORP 34.5% REI AGRO 6.3%

THE IBS TIMES

1 2 3 4 5 6 7 8 9 1011


11/11

MARKET WATCH

Contact Us & Post Articles at [email protected]

Join Us & Get E-copies at http://bit.ly/ibstimesgooglegroup

http://bit.ly/ibstimesyahoogroup

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

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

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

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

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

The Tele-graph.

EDITORIAL TEAM-

ANKIT SHARMA, ATREYEE SENGUPTA, AVLEEN KAUR SARNA, KRITIKA SETHI, P

DALAL, RASHMI KUMARI, SHILPI KALWANI, SWATI VERMA.

BUSINESS JARGONS BY SHILPI KA

9 JANUARY2012

10 JANUARY2012

11 JANUARY2012

12 JANUARY2012

13 JANUA2012

Sensex - 16,165.09 16,175.86 16,037.51 16,154.62

Nifty - 4,849.55 4,860.95 4,831.25 4,866.00

DJIA 12,392.69 12,462.47 12,449.45 12,471.02 12,422.06

HangSeng 18,865.72 19,004.28 19,151.94 19,095.38 19,204.42

FTSE100 5,612.26 5,696.70 5,670.82 5,662.42 5,636.64

Gold ($/oz.) 1616.00 1636.20 1643.00 1640.50 1639.70

Crude($/bl) 112.51 112.98 112.90 112.93 -

INR v/s USD 52.98 53.31 52.78 52.45 52.39

INR v/sEURO

67.33 67.84 67.45 66.79 66.81

YUPPIE-A term denoting the market segment of young urban professionals. A yuppie is often characterized by youtence and business success. Coined in the 1980s, the term yuppie was used as a derogatory title for young business people wconsidered arrogant, undeservedly wealthy and obnoxious. Yuppies were often associated with wearing high fashion clothining BMWs and gloating about their successes. The term has become less of a stereotype and now promotes the image of an professional.

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11

Documents

The IBS Times-140th Issue