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ISSUE - 138

29th DECEMBER [THURSDAY]

SYNOPSIS

- KRITIKA SETHI

The IBS Times takes immense pleasure in wishing all our readers a very Happy New Year in advance. We would like to thank all of you for appreciating our efforts and being with us in our journey aimed at providing knowledge about the happenings in the world every week. We promise to continue this in future and enlighten you for the years approaching. Get ready for the last read of the year. Finally the fading year has bought a ray of light for the next year, Lok Pall bill is finally passed. But it came as a major embarrassment to the UPA government that it was not able to conjure the requisite support for giving a constitutional status to the Lokpals and the Lokayuktas. Get more details through our cover story section this week. We all are aware of the tumultuous beginning and the contretemps end of the year ending 2011 . To begin with the Euro crises, lok pal bill and at last depreciating rupee, all this had made the year end on the sad note. Will these upheavals of the year ending have an impact on the year 2012? Will the approaching year be able to relieve itself from the clutches of the fading year. Get our writerâ€&#x;s opinion on this issue through our Opinion Column this week. All the readers will be refreshed this week through our Brand Track column .We are talking about the refreshing drink Lipton tea. It was started to blend various varieties of tea from over the world and marketed it in a distinct yellow pack, with a red Lipton symbol. It was first of its kinds, branded tea, with good quality at an affordable price. Get a happy sipping this winters..!! Through our Focus Of The Week column we are highlighting upon the issue of tax free bonds by NHAI this week. It is an autonomous body of Government of India under the Ministry of Road, Transport & Highways which is offering a Secured, redeemable, non-convertible debentures with tax benefits . Get all the details about it through this column. Moreover we have our regular sections of Fast Track, Quick Bites, Market Watch and a special dose of News @ IBS to give all of you a glimpse of the happenings last week on campus!

Cheers!! Kritika Sethi

SYNOPSIS COVER

1 OPINION 2 BRAND

5 FOCUS 6 NEWS @ IBS

8 9

FAST-TRACK

3 QUICK BITES

7 MARKET

10


THE IBS TIMES

COVER STORY–THE LOWER HOUSE PASSES THE LOKPAL BILL- FINALLY

We are determined to curb the menace of corruption. We shall convey this message by passing the bills unanimously,' he said. He insisted that the government was not under any force from civil society and had ensured safeguards while bringing the prime minister under the Lokpal's scope.

"Out of 60 lakhs government employees only 3 lakhs will be under Lokpal. All trust, religious organisations and NGOs will be under this Lokpal," Kejriwal said. Analysing the situation further, he said, "Now CBI can raid teachers, maulana of Masjid and churches

- AVLEEN KAUR SARNA After burning midnight oil, and after months of debate and public upheaval, Lok Sabha finally passed the Lokpal and Lokayuktas Bill 2011. But it came as a major embarrassment to the UPA government that it was not able to conjure the requisite support for giving a constitutional status to the Lokpals and the Lokayuktas. Leader of the House Pranab Mukherjee admitted that the government did not have the mandatory two-thirds majority to get the Constitution Amendment (116th Amendment) adopted. “It is a sad day for democracy,” he said. Earlier, Mukherjee, in his reply to the debate, sought cross-party support and reminded members that the discussion had been taking place on the crucial legislation for over six months. Prime Minister Manmohan Singh, who for most of the day was a passive listener, earlier urged the MPs to rise above party politics and vote for the Lokpal bill. He said the bill lived up to the promise MPs 'collectively made to the people of the country' with a 'sense of house' resolution passed in August when Hazare fasted in Delhi. 'Let us pass this bill because people are waiting... We are determined to curb the menace of corruption. We shall convey this message by passing the bills unanimously,' he said. He insisted that the government was not under any force from civil society and had ensured safeguards while bringing the prime minister under the Lokpal's scope. Official amendments were carried out to The Lokpal and Lokayukta Bill, 2011, giving the option to states to set up Lokayukta and leaving armed forces and Coast Guard out of its purview. Accordingly, many other suggestions were defeated in the house by majority. All the opposition amendments, including the ones that sought to bring in corporates and media and reservation for minorities were rejected. But many provisitions were passed too. As many as ten amendments were bought in such as one was regarding the option to the states to form a Lokayukta. The House also passed the Protection to Persons Making Disclosures Bill, 2011 intended at protecting whistle-blowers. The other amendments in the Lokpal bill included keeping out defence forces and changing the requirement of three-fouth of Lokpal members to commend an enquiry against the Prime Minister to two-third. Blaming Congress leaders Sonia and Rahul Gandhi for the 'weak' Lokpal passed in the Lok Sabha, Team Anna member Arvind Kejriwal said on Wednesday that this is UPA's Bill as no amendments proposed by the Opposition were accepted. "UPA accepts only two voices - Sonia and Rahul. Ruling party passed 9 amendments and the bill has become weaker," Kejriwal said. "Mandatory period of 6 months of preliminary inquiry was also amended. Now agency can take own time in investigation. In this bill you can't file FIR directly but show cause will be given first. Before chargesheet, a show cause will be given to the officer," he added. "Out of 60 lakhs government employees only 3 lakhs will be under Lokpal. All trust, religious organisations and NGOs will be under this Lokpal," Kejriwal said. Analysing the situation further, he said, "Now CBI can raid teachers, maulana of Masjid and churches. This is strong Lokpal of Manmohan Singh. Selection of Lokpal is again a problem as only government can select and sack Lokpal." Even as the Lok Sabha furiously debated the Lokpal bill through the day, the 74-year-old Hazare's health suddenly worsened. But he refused to break his hunger strike, saying he was ready to die for the country. But the movement seems to be losing ground as in Delhi's Ramlila ground, where Team Anna members Prashant Bhushan and Shanti Bhushan fasted during the day; there were not even 1,000 people at any point of time. And unlike in August when tens of thousands packed the Ramlila ground to cheer Hazare, the mass response was poor on Tuesday -- both in Mumbai and Delhi.

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FAST-TRACK NEWS

THE IBS TIMES -DEVANSHI PODDAR

Japan, India To Go Ahead With 3 Infrastructure Projects Three major projects- Solar Power, Seawater Desalination and Gas Fired Energy Power are being worked upon and ready to be pushed ahead by India and China. These projects are a part of the bilateral initiative agreement,2006 to build freight railway linking Delhi Mumbai and industrial complexes along the rail corridor and will be involving Japanese companies.

Food Inflation Drops To Four Year Low at 1.8% Food inflation which was 4.35% a week ago has fallen to as low as 1.8% and the Indian consumers have finally got something to cheer about. This fall is due to the sharp decline in prices of the seasonal vegetables and cereals and a strong base effect.

Petrol Price May Be Hiked By 1Re Next Month Petrol prices may be hiked next month due to Indian currency weakening against U.S Dollar. However the rate change may need a political clearance as five crucial states, including Uttar Pradesh and Punjab have Assembly elections.

Markets Could Recover If Reforms Can Get A Push : Analysts Even after seeing the negative macro-environment cues on the Indian markets, analysts still believe that the Indian markets will have a positive growth in 2012. This is majorly because finally the inflation has come down and RBI will not raise the rates further. But on the other hand they are also skeptical because of the ballooning fiscal deficit.

Banks Hike Interest Rates Steeply To Lure NRE Deposits Many banks have announced a hike in interest rates to as high as 9.6% on fixed deposits held by NonResident Indians to attract foreign currency ever since the government deregulated the interest rates on Non-Resident External rupee deposits and ordinary non-resident accounts. The banks have also raised savings bank rate by 200 basis points to 6 percent.

Ban On Iron Ore Exports Loomed Large in Goa On one hand there are celebrations going on in Goa along with subtle campaigns from the politicians for the elections and on the other hand the mining industry is worried about the Justice M B Shah commission report indicating the total ban on iron ore exports. The mining industry contributes more than Rs. 1000 crore and is the backbone of the economy.

FDI In Multi-Brand Retail Still On Government’s Mind : Finance Minister India‟s Finance Minister Pranab Mukherjee said that the opening up of the brand retail sector to foreign investment is under consideration and the delay was because of lack of consensus among the political parties. Despite slowdown and inflation along with high interest rate are the challenging factors that are to be overcome by the policymakers.

Veblen Good-Goods that are perceived to be exclusive as long as prices remain high or increase. Veblen goods get their name from economist Thorsten Veblen, who was one of the first to look into and write about conspicuous consumption and the concept of seeking status through consumption. Veblen goods are often referred to as „status symbols‟.

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THE IBS TIMES Government May Suspend Accounting Change As the government looks forward to suspend the norm of recording profit/loss on foreign currency transactions on marked to market basis, companies having exposure to foreign currency take a sigh of relief. If the norms are implemented, the companies would have to account the impact in their debt repayment side along with other things, but this might not just happen.

Terminating 3G Roaming Pact To Dent Government’s Credibility: Bharti Airtel Telecom major Bharti Airtel, on Friday said that the termination notice of 3G services will adversely effect the much-needed investment in the country and specifically in the telecom sector. The company, along with Vodafone and Idea were issued a notice on Friday by Department of Telecom to stop their 3G services as it was illegal and sought their responses within 24 hours.

Siemens Fixing Cyber Bugs In Industrial Control System Siemens industrial control systems are used to run an assortment of facilities from power generators, chemical plants and water system to breweries, pharmaceuticals etc. Siemens said it is working to fix the security flaws in industrial controls that the US government warned could make public utilities and other things vulnerable to attack by hackers.

Russia Ranked 2nd Biggest Global Arms Exporter The Centre For Analysis Of World Arms Trade (CAWAT), on Friday, revealed that with the revenue of $11.29billion, Russia occupies the second position for world arms sales after US dominating the world arms exports with over 40% of trade globally($28.76billion).

House Passes Payroll Tax Cut In Victory For Obama On Friday, Congress approved a two-month extension for tax- cuts and unemployment benefits for millions of Americans. The pay-roll tax cuts was a the main agenda of Obama‟s three month campaign and this step is believed to be taken to prevent the immediate tax increase effect on January 1.

Ashwini Akkunji and Six Others Get 1 Year Ban For Doping

National Anti-Doping Agency on Friday, i.e. 23rd December 2011 took a decision on the highprofile doping scandal which ended India‟s all hopes of getting a medal in the 4x400 women‟s relay at the London‟s game. This is because Ashwini Akkunji along with Priyanka Panwar, Sini Jose and Tiana Mary Thomas have been ruled out of 2012 Olympics because their doping test came positive. Now only Mandeep and Murmu have got a chance to make it to the last Olympic selection trials.

Sharapova Out Of Brisbane Event With Ankle Injury Maria Sharapova has withdrawn her name from the Brisbane International because of her continuing ankle recovery. She said that she had missed the China Open and also the WTA Championship to give rest to her ankle as she wants to be 100% fit for the Australian Open, which she had won in 2008, which begins from January 16 .

David Hasselhoff Index-A stock index comprised of companies associated with actor David Hasselhoff. Investors might correlate the popularity of David with increased sales surrounding his related products. Firms involved with Hasselhoff endorsements, advertising, movies or productions are included in the index.

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THE IBS TIMES

OPINION FORUM– 2012 UP 2012 DOWN

Talking about 2012, some have expectations of the market rising and vice-versa. If we analyze the current market, we can hardly see any symptoms of market rising. In 2012 it is said that the market condition will continue as it is going now till the month of March- April.

There's no reason to sell these kinds of stocks in 2012, but there's also little reason to expect them to lead the market once again as these are some necessary sectors which will never crash as today these has been the priority.

-KRISHNA SHARMA As it is time before New Year soon to enter. So what can we say to us, to society, to economic condition and each and everything around us just „Happy New Year‟. But have we ever thought what actually will be 2012 condition with respect to market, economy and everything which is related to every minute of life. We have seen many up‟s and down‟s in the year 2011 like the European Crisis which has drastically affected to everyone directly or indirectly. If we talk about India we saw last few months just imbalanced where rupee was affected by getting its value depreciating. RBI tried to control it but was not a success. If we talk about 2012 we have much expectation whether the market will rise or fall again. If we analyze the current market then we can see that it has no signs to rise. In 2012 it is said that the market condition will continue as it is going now till the month of March- April. But the prices of the stock prices will rise in the year then they are now. The reason for low prices is the P/E ratio as it is central measure of value for shares. If we talk about GDP then we can see that it is growing at lower than 7% so comparatively it can be assumed that it will range from 5.9% - 6.5% as the government of India is facing high fiscal deficit target and the tax collection have also fallen, so there will be high corporate earnings. There is tight monetary policy so there will be less of capital spending and investments in the country. Unless these issues are solved the GDP can‟t rise. If we see the IT sector it was not a good show due to rising gap between the policies and implementation of the same. But if this part is taken care then IT will be one of the best sector to help the economy recover. It‟s roughly 4.5 years down the line of global financial crisis from where everything started and continued in some or the other form. The European crisis is today‟s biggest concern as if this is not taken care then global market condition will not improve. But some experts say that the condition will be improving by mid 2012. And if conditions of the market improve then world market will start recovering. 2011 brought back some of the greatest jerks to the world economies like Euro crisis, US Credit degrade, soaring oil prices, toppling of autocrats in middle east, etc in India it showed its traces through rupee devaluation, stock shocks, low WPI results, reduction in business confidence and attractiveness, frequent interst rate rises by RBI, etc which made the people to puzzle around. One of the two biggest shocks of 2011 were felt when US credit rating agency (the other one being Euro crisis), S&P degraded the credit rating of US from AAA to AA+, the major investors of US questioned its credibility over its government bonds and as a result dollar depreciation and gold value appreciations happened for a short while where the latter still stays high. In India the political unrest was ignited due to the Lok Pal bill protest started by Anna Hazare. It should mass reunion of global Indians after independence. Even though it had a noble cause it threatened the business confidence and growth of the country as a whole as there were frequent strikes, bandhs, etc. Rise in food inflation was also one other major problem of concern. Till March – April the improvement in the market is doubtful but post this period there are chances that the world economy may improve. To contribute to a more balanced recovery of the global economy (which is one of the main stated aspirations of the G20) by recycling global surpluses into productive, socially useful and environmentally sustainable investments.. Overall 2012 will be good. In India RBI is taking many decisions like the decision of fixing the rate of CRR, SLR, REPO RATE and REVERSE REPO RATE. Every endless night has a dawning, day every darkening sky has a shining ray

Jajo-An acronym that represents the months of January, April, July and October. Many companies that pay dividends announce their intentions to pay them – or declare a dividend payable on a certain date – four times per year, in January, April, July and October, the months included in JAJO.

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THE IBS TIMES

BRAND TRACK– LIPTON- REFRESHING THE WORLD

Most of the European countries had to import it from the Asian countries. Americans, being pro coffee, resisted tea as an everyday refreshment drink. Australia, then a colony of the British Empire, had the same unavailability problem of UK

By the end of second decade of nineteenth century, Lipton had operating businesses in several countries around the globe. Thus when Unilever wanted to take over the brand, it had to do so in parts. Starting in 1938 (when Unilever bought the US and Canadian Lipton), acquisition was completed in 1972.

- POOJA DALAL

Tea is regarded as curer of all ills in Ireland, popular in England as a „National Drink‟, its brewing and consumption is carried out as an elaborate ceremony in Chinese and Japanese cultures, is used as a beverage to welcome guests in Pakistani, Iranian and Indian cultures, and is the centre of social gatherings in Arab society. And left over shreds of tea leaves made use of to prophesies about one‟s future at Hogwarts School of witchcraft and wizardry! But back in the eighteenth century, tea was still not a widely available drink, and so, in turn was costly. Most of the European countries had to import it from the Asian countries. Americans, being pro coffee, resisted tea as an everyday refreshment drink. Australia, then a colony of the British Empire, had the same unavailability problem of UK. But it all changed in 1850. Thomas Lipton started to blend various varieties of tea from over the world and marketed it in a distinct yellow pack, with a red Lipton symbol. It was first of its kinds, branded tea, with good quality at an affordable price. Thus it reached out to a mass audience and made tea a popular drink. With a thirst for excellence, Thomas Lipton set sail in search for the premier tea in the world. This took him to the shores of Sri Lanka (then Ceylon). There Mr. Lipton started to experiment, blending different qualities of tea, to produce the best tasting blend. He was very successful. Along with being a master brewer, Mr. Thomas was an excellent marketer much ahead of his time. In a time of three decades, he had developed and successfully promoted the Lipton label. (By then Lipton teas were synonymous with quality) And for this feat, he was knighted by Queen Victoria (that made him Sir Thomas Lipton) in 1898. This earned him the privilege of supplying tea to Queen Victoria as well as to many of the European royal families. At the end of the 19th century he had 300 helpers in London where he had moved his business to from Glasgow in 1891-1892, 5000 workmen in Ceylon and 150 outlets all over England! By the end of second decade of nineteenth century, Lipton had operating businesses in several countries around the globe. Thus when Unilever wanted to take over the brand, it had to do so in parts. Starting in 1938 (when Unilever bought the US and Canadian Lipton), acquisition was completed in 1972. From then on, Lipton has been very successful in the Global market and has kept pace with Global „Green Standards‟ (its tea bags are Rainforest Alliance certified) as well as the frequently changing palate of the modern consumer. Lipton brand has the products like Yellow Label, Lipton Green tea, Lipton Ice tea, r\Red tea Lipton iced tea and Lipton Linea (a tea that helps in slimming). The teas also have many variants like one with milk powder positioned as „Chai‟ in the Asian market. The Yellow Label is the original tea brand introduced by Thomas Lipton and currently consists of more than 20 types of teas blended. The iced tea is made in a merger with Pepsi co. It is a bottled ready to drink tea that is popular in the US. Apart from the long surviving brands, Lipton continues to give the „refreshing‟ feel to its brand image, by introducing innovative products like the pyramid tea bags and the new flavours (jasmine, mint, citrus) of „Clear‟ tea. More recently, due to an increase in the health conscious consumer segment, Lipton has positioned itself as a maker of tea, with beneficial ingredients like flavonoid in black tea and theanine both in black and green tea. So the healthiest way to keep you warm this winter is a cuppa tea. Have it your style- Black, green, oolong. Have it with milk- Masala chai with Parle-G, with cinnamon (ah the Kashmiri Kahwah!), with cardamom and pistachio or simply made hot water. Take winter your way, happy sipping.

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THE IBS TIMES

QUICK BITES- NEWS THAT CAN’T BE MISSED !

-SWATI VERMA

Big Shots… Richard Cameron and Nigel Stagg, Directors of Tech Mahindra tendered their resignations with immediate effect. Edelweiss Financial Services' Senior Partner Rajeev Mehrotra has decided to leave the company for setting up his own credit institution. IT Company sapient announced Rajdeep Endow‟s appointment as the Managing Director of Sapient India. Intel announced that the incumbent managing director R Sivakumar will be moving to a new role, and announced the appointment of Debjani Ghosh as the new managing director for its sales and marketing operations in South Asia. Ravi Ruia steps down as Chairman of Essar Energy amid CBI charges. Colgate-Palmolive India appoints Prabha Parameswaran as MD.

Company Talks… Hindustan Unilever Ltd and GAIL have received the National Award for Excellence in Corporate Governance 2011 of the Institute of Company Secretaries of India. As a part of its expansion strategy, FMCG Company Nestle India is planning to invest Rs 5 billion on its new plant in Gujarat. Engineering major Larsen and Toubro (L&T) bagged the contract of the new Habshan-Ruwais-Shweihat gas pipeline worth US$ 189 million from Abu Dhabi Gas Industries (GASCO). Ashok Leyland received the approval from its board to 75.1% increases its stake in Optare PLC. Fetise.com raises $5 Million from Seed Fund on ET NOW‟s Super Angels. Group SEB buys 55% in Maharaja White line. Tube Investments of India Ltd eyes Rs.500 crore revenue. FMCG major Dabur has ventured into the professional grooming products market in India and is looking at garnering 5-10% market share in this through its brand “Fem”. Lavazza, the Italian coffee brand, ropes in Law & Kenneth as its communications partner in India . ZTE plans to put Indians in key leadership positions to remove trust deficit. Indian subsidiary of US company NLC Nalco India changes name to Nalco Water India Ltd. Bonus issue on anvil for Tata Sons shareholders.

Economy Speaks… Regular discussions and exchange of ideas among entrepreneurs would play a significant role in boosting economic growth: Pranab Mukherjee. Planning Commission sanctions Rs 8,000 crores for Bengal. Government to include more farm works under MGNREGA. Anand Sharma confident of implementing FDI in multi-brand retail Mukesh Ambani to PM: We'll invest Rs 70,000 crores in India. Domestic pulses import seen flat at 2.7 million T in 2011/12.

The Captains of the Ships… Chairman of ISO- Dr .B C Gupta CEO Essar Oil-Lalit Kumar Gupta Chief Learning Officer, Reliance Industries- Anand Pillai

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THE IBS TIMES

FOCUS OF THE WEEK– NHAI: TAX FREE BONDS

- AKSHAY AGARWAL

NHAI, an autonomous body of Govt. of India under the Ministry of Road, Transport & Highways is offering a Secured, redeemable, non-convertible debentures with tax benefits under The Income Tax Act, 1961. The issue opens on December 28, 2011 and closes on January 11, 2012. The bonds are rated “AAA” by CRISIL, CARE & FITCH. The Interest Income on the Bonds is tax-free in nature. The bond offers various modes of Interest payment and also offers the options of issuing either in Demat or physical form. NRIs can apply on reparable and non reparable basis. The bonds will be listed on NSE & BSE. Interest Rates on NHAI & PFC tax free bonds According to guidelines, coupon rates on tax-free bonds should not be more than G Sec yield less 50 bps for bonds issue through public issue. So NHAI & PFC both opened full throttle – 8.2% for 10 year bonds & 8.3% for 15 year bonds. Interest is payable annually. {PFC Bond information is based on Business Bhaskar}

In NHAI bonds it is first come first serve basis for HNI & institutions but for retail it is on pro-rata basis. In PFC bonds allotment is on basis of first come first serve basis but last days applications will be treated as equal – bonds will be based on pro-rata basis. These bonds can be applied in both demat & physical form.

What Tax Free means? The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income. There will be no deduction of tax at source (TDS) from the interest, which accrues to the bondholders in these bonds irrespective of the amount of interest or the status of the investors. Wealth tax will not be applicable on these bonds. Note: If you redeem these bonds through exchange before maturity – there can be capital gain tax or capital loss depending on your sale price. Allotment Basis of tax free bonds In NHAI bonds it is first come first serve basis for HNI & institutions but for retail it is on pro-rata basis. In PFC bonds allotment is on basis of first come first serve basis but last days applications will be treated as equal – bonds will be based on pro-rata basis. These bonds can be applied in both demat & physical form. Credit Rating Both NHAI & PFC Bond issues have got highest credit rating from ICRA & Care – that is AAA. Issue Size NHAI Bonds – Rs 5000 Crores with option to retain oversubscription upto Rs 10000 Crores PFC Bonds – Rs 4033 Crores 30% of the base issue size is kept for retail clients. (Where application size is less than Rs 5 Lakh)

According to guidelines, coupon rates on tax-free bonds should not be more than G Sec yield less 50 bps for bonds issue through public issue. So NHAI & PFC both opened full throttle – 8.2% for 10 year bonds & 8.3% for 15 year bonds.

Minimum Application Size In case of retail investors it is Rs 50000 & thereafAter in multiples of Rs 1000. Who Can Apply Individuals and HUFs, NRIs (both on repatriable & non-repatriable basis) ,Corporate, FIIs, Financial Institutions, Mutual Funds, Pension funds,, Partnership firms & Limited liability partnerships, Insurance Companies Of the total issue, forty per cent is reserved for companies and financial institutions, 30 per cent for high net worth individuals and Hindu undivided families and 30 per cent for normal retail investors. Corporate investors would be allotted bonds on a first-come-first-served basis, while for retail investors, the allotment would be carried out on a proportionate basis.

Baltic Tiger-A colloquial term that refers to any one of the three Baltic nations of Lithuania, Latvia and Estonia, especially in reference to their double-digit growth rates from 2000 to 2007. The Baltic tigers achieved independence in the early 1990s, following the breakup of the Soviet Union, and embarked on an aggressive program of economic reforms from 2000 wards.

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THE IBS TIMES

NEWS @ IBS– ALL HAPPENINGS IN IBS HYDERABAD!

- ANKIT SHARMA

ADMIRE-JUARI Admire the advertising club of IBS Hyderabad bought Vegas to the campus with their event Juari. Admire has been known for coming out with innovative and interesting games and this one was no different. With games like poker, blackjack, slot machines and darts students were given a chance to showcase their gambling talents. The concept behind the game was simple participants had to register in teams of two and each team were provided 20 admiros and one had to increase their count as much as possible. A participant could play any event and if he won he was given twice or at times thrice the number of admires he initially bet. The event also had fun games like karaoke. The winners of the event were Anubha, Niwesh and Ojas, Ankit.

INFINITY STUDIOS-ANDAAZ APNA APNA MOVIE Infinity studios the cinema club of IBS Hyderabad for the first time in the history of the college brought open air theatre to the campus. The Infinity studios screened the evergreen comedy Andaz Apna Apna starring Salman Khan Karishma Kapoor raveena Tandon and Amir Khan. The students of the campus were thrilled to witness an event like that and flocked in great numbers to watch the movie. Infinity studios also did a great job of organizing, everything was inch perfect from the sound system to snacks orders and the event was thoroughly enjoyed by everyone.

MAVERICK-CARNIVAL If Admire bought Vegas to Hyderabad then Maverick the marketing club of IBS Hyderabad was not far behind either. They organized an event called Carnival wherein participants had to register in teams of two and were then made to play games like break the castle, hoola hoops etc based on product differentiation and product identification. The contestants thoroughly enjoyed the event. The event was won by Lisa and Riddhi.

SAMAVESH-MOODS OF MUSIC Samavesh the cultural society once again enchanted its audience with their event moods of music. The highlight of the event was a musical performance by Atharth and many talented people. The Auditorium was Jam packed.

CHRISTMAS CELEBRATION IN THE CAMPUS On the 22nd of December the whole of IBS got together to celebrate Christmas in the Auditorium. The atmosphere was vibrant with lights everywhere and decorated Christmas trees. It began with popular Christmas carols like Rudolf the red nosed reindeer and jingle bells and the focus then shifted to cake cutting and distribution. Overall it was an amazing event with a huge turnout.

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THE IBS TIMES MARKET WATCH

- KRITIKA SETHI

Positive news from the US regarding new-home sales that are up 1.6% as compared to October 2011 and are up 9.8% as compared to last November overshadowed fears of the debt crisis in Europe for the time being. Other US economic data too indicated strengthening of the US economy. This led to the world markets closing the week higher adding sheen to Christmas celebrations. The Indian stock markets were up 1.6% during the week. News about easing of food inflation along with global cues regarding strengthening of the US economy helped the markets post gains for the week. Sectoral indices showed a mixed performance during the week. While Oil and gas index were up by 3.3% and FMCG index up by 3.2% led the pack of gainers, while capital goods which were down by 3.2% and metals down by 1.6% ended the week in the red on concerns of slowing economy. Movers and Shakers of the week

SURGES

%Change

DOWNFALLS

%Change

APOLLO HOSPITALS

16.8

STERLING BIOTECH

53.6

BALRAMPUR CHINI

13.6

SYNDICATE BANK

20.5

GTI INFRA

12.4

REI AGRO

20.1

Ashok Leyland received the approval from its board to increase its stake in Optare PLC. Optare is British bus manufacturing company and Ashok Leyland's existing stake in it is 26%. The auto company intends to raise it to 75.1%. The additional stake will be acquired at Rs 300 m. The acquisition will help Ashok Leyland get access to Optare's technology which includes modern range of city buses. The company will be going for refinancing option whereby it will be facilitating a credit-line to support Optare's rebanking options. A few telecom companies have been asked to terminate their 3G roaming arrangements by 3 p.m. on Saturday. This comes after the Department of Telecom announced that these roaming pacts were illegal. While Bharti Airtel, Vodafone and Idea Cellular have been asked to terminate these by Saturday, notices have been sent to others including Tata Teleservices and Aircel. The telecom companies are not too happy about the decision and called it arbitrary. Since the announcement came late Friday evening, they do not even have the option of any legal recourse. With valuations in Indian stock markets getting closer to the lows of 2009, investors would do well to endow their portfolios with some heavyweight blue chip stocks and fundamentally sound mid and small cap stocks that are currently available at attractive prices. While the volatility in stock markets may linger in the near term, patience and smart investing at the current levels can pay rich dividends in the longer term.

Global cues Amongst the other world markets, all were in an upbeat mood except Japan which was down by 0.1% and China was down by 0.9%. France and the US were the top gainers up by 4.4% and 3.6% respectively.

16,000.00

S E N S E X

12,294.00

12,103.58

12,107.74

12,500.00 12,300.00

12,169.65

15,800.00

12,100.00 15,813.36

11,766.26

15,738.70

15,600.00

D 11,900.00 J I 11,500.00 A 11,700.00

15,685.21

15,400.00

11,300.00 11,100.00

15,379.34 15,200.00

10,900.00 10,700.00

15,175.08 15,000.00

10,500.00 19-Dec-11

20-Dec-11

21-Dec-11

22-Dec-11

23-Dec-11

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THE IBS TIMES MARKET WATCH 19 DECEMBER 820NOVEMBER DECEMBER 921 DECEMBER 10 22NOVEMBER DECEMBER 11 23NOVEMBER DECEMBER 7 NOVEMBER NOVEMBER 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 Sensex Sensex

15379.34 -

15175.08 17569.53

15685.21 17362.10

15813.36 -

15738.70

Nifty Nifty

4613.10 -

4544.20 5289.35

4693.15 5221.05

4733.85 -

4714.00 5168.85

DJIA DJIA

11766.26 12068.39

12,03.58 12170.18

12107.74 11780.94

12169.65 11893.79

12294.00 12153.68

HangSeng HangSeng

18070.21 19677.89

18080.20 19678.47

18416.45 20014.43

18378.23 18963.89

18629.17 19137.17

FTSE100 FTSE100

5,364.99 5510.82

5,419.60 5567.34

5,389.74 5460.38

5,456.97 5444.82

5,512.70 5545.38

Gold Gold($/oz.) ($/oz.)

1791.90 1597.70

1789 1624.50

1760.40 1608.80

1766.80 1611.80

1788.5 1607.00

Crude($/bl) Crude($/bl)

102.91 111.08

105.05 113.79

106.98 113.13

111.67

113.76

INR INRv/s v/sUSD USD

53.18 49.04

53.92 49.40

54.13 49.59

53.90 50.16

53.90 50.75

INR INR EURO EURO

67.59 69.33

67.99 70.19

68.31 70.61

68.81 70.56

68.86 70.36

17192.82

v/s v/s

QQQQ-The previous ticker symbol for the Nasdaq 100 Trust, an ETF that trades on the Nasdaq. This security offers broad exposure to the tech sector by tracking the Nasdaq 100 Index, which consists of the 100 largest and most actively traded nonfinancial stocks on the Nasdaq. It is also known as „cubes‟ or the „quadruple-Qs‟. This is now known as the QQQ.

BUSINESS JARGONS BY – SHILPI KALWANI

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DisclaimerThis 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.

SourcesThe 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 TEAMAKSHAY AGARWAL, ANKIT SHARMA, AVLEEN KAUR SARNA, DEVANSHI PODDAR, KRITIKA SETHI, KRISHNA SHARMA,POOJA DALAL, SHILPI KALWANI, SWATI VERMA.

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