Академический Документы
Профессиональный Документы
Культура Документы
Page 1
Page 2
Marketing
Banks in BRICs Signalling Credit Risks as Bad Loans Curb Growth:
A CAN OF WORMS: y y y Brazils financial shares have lost as consumer defaults hit a 12-month high in June and borrowing costs climbed to 46%. China bank stocks are trading at lower valuations than global emerging-market indexes for the first time since 2006. In India, the cost of insuring banks against default has climbed to the highest level in a year.
Page 3
Lower growth plus higher inflation may lead to lower fund inflows
Three sets of economic datathe HSBC Manufacturing Purchasing Managers Index (PMI) for July, the Prime Ministers economic advisory councils (EAC) forecast for 2011-12 and the June foreign trade figuresall vindicate the Reserve Bank of Indias (RBI) stand in raising its policy rate by 50 basis points. One basis point is one-hundredth of a percentage point.
The manufacturing PMI number, however, is indicating a rather sharp deceleration. The index has declined from 58 in April to 53.6 in July. It was at 55.3 in June. The new orders sub-index, which is an indicator of future output, has eased from 63.9 in April to 54.5 in July. The trouble is that in spite of the moderation in growth, the PMI numbers show that both input and output prices in the manufacturing sector rose in July.
*Source: http://www.livemint.com/2011/08/01222627/Lower-growth-plus-higher-infla.html
Page 4
Higher Commodity Prices a Blessing, but Rising Cost of Power, Fuel to Pinch a Lot STERLITE INDUSTRIES
Firm metal prices resulted in a 63% rise in earnings per share for Sterlite Industries investors in the first quarter of the current fiscal. The countrys most-diversified producer of non-ferrous metals kicked off to a good start with the announcement of a 66% increase in the first quarter revenue. The company reported a 66% increase in revenue to 9,860.7 crore. Its operating profit margin improved by 300 basis points to 28% whereas net profit was higher by 63% to 1,639.7 crore.
*Source: TOI//Date:27.07.2011//Page no: 14
Page 5
Manufacturing
Sanand Project Ford chooses Gujarat for second plant in India
Ford India Pvt. Ltd is the local unit of Michigan based Ford Motor Co., It has chosen Gujarat to set its second manufacturing plant in India. Ford plans to launch eight new models by 2015 from its global portfolio in India. The new company is expected to meet the local demands and export cars to Asia pacific and Africa.
*Source:http://epaper.livemint.com/ArticleImage.aspx?article=27_07_2011_008_005&kword=manufacturing&mo de=1
Demerger Plan - Orient Paper to turn cement business into separate entity
Kolkata based Orient Paper and Industries Ltd will separate its cement business and turn it into a new entity, Orient Cement Ltd. They have taken the restructuring exercise to try and enhance shareholder value. Creation of a pure cement company will allow them to focus on the cement business and achieve faster growth.
*Source:http://epaper.livemint.com/ArticleImage.aspx?article=28_07_2011_008_001&kword=production
&mode=1
Weikfield Foods plans to grow its organic brand, Eco Valley, adding fresh and processed foods
Weikfield Foods Pvt. Ltd, known as a producer of dessert mixes like custards and jellies, expects to become a value added producer, adding organic ketchups, juices and providers of organic pulses to its portfolio. These will be under another brand named Eco Valley.
Page 6
*Source:http://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/weikfield-foods-plans-togrow-its-organic-brand-eco-valley-adding-fresh-and-processed-foods/articleshow/9456424.cms
Page 7
Finance
Godrej Industries Q1 net up 46% at Rs 71 Cr on all-round growth
The company reported 46.34 % growth unconsolidated net profit at Rs 71.33 Cr & net profit Rs 48.74 Cr for Q1 ended June 30 over the same period last year following a strong performance by its consumer, chemical and agriculture businesses. The company is in major expansion mode & expecting the same in FY13. *Source http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/godrej-industriesq1-net-up-46-at-rs-71-cr-on-all-round-growth/articleshow/9422538.cms
India way ahead of China in service sector growth: Bai Xuezhu, director of research, CELAP
This was stated at a seminar fielded by CII in Kolkata to create awareness about the latest developments in China and emerging business and investment opportunities for Indian businesses as China is now Indias largest trading partner with more than US$60 billion worth goods traded last year. He gave an overview of China's economy and its growth. Discussing extensively about China's next five year plans, along with specifying the areas like Agriculture, IT, dairy products, tea and pharmaceuticals in which India scores over China.
*Source: http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/india-way-ahead-of-china-
in-service-sector-growth-bai-xuezhu-director-of-research-celap/articleshow/9421920.cms
ITC to invest Rs 5,000 crore for buying shares of rival FMCG, IT and agriproducts companies: YC Deveshwar
ITC chairman YC Deveshwar addressed at companys 100th AGM that company has a liquidity of Rs 4,000-5,000 Cr & is interested to invest it in the sectors in which it operates to make the investment safer. The cigarettes-to-hotels conglomerate will look at a wide range of rival companies in FMCG, IT and agri-products for treasury investment. ITC also plans to get into dairy business, making pasteurized milk, milk powder, cheese, milk chocolates and butter.
*Source: http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/itc-to-invest-rs-5000crore-for-buying-shares-of-rival-fmcg-it-and-agri-products-companies-yc-deveshwar/articleshow/9414033.cms
Page 8
Page 9
GENERAL AWARENESS
BCCI, IPL dodged crores in taxes
The Indian Premier League has a brand value of 1 billion US $ but the taxes given by the BCCI & various franchises are like peanuts. BCCI obscured the matter by puzzling revenue-income gaps and elaborate tax dodges. BCCI filed returns to the income tax department showing "nil" income for 2008-09 and earnings of Rs 14.86 crore for 2009-10. Yet, gross revenues earned by the cricket board from IPL for assessment year 2009-10 works out to be Rs 661 crore. Even taxes filed by the IPL franchises are also a paltry sum.
*Source: http://timesofindia.indiatimes.com/india/BCCI-IPL-dodged- crores-intaxes/articleshow/9449872.cms
Page 10
In regards of global commodity prices, Economic Outlook warned that the situation for food, energy and other commodities has been bad and is getting worse." As far as the domestic situation is concerned, the PMEAC said that though nonfood manufactured inflation has come down from 8.5 per cent in March to 77.3 per cent in the first three months of this fiscal, the fall has been offset by an increase in prices of manufactured food items like edible oil, processed tea, coffee and sugar. As inflationary pressure continues to sustain, the PMEAC said the RBI may have to continue with its current policy of monetary tightening.
*Source: http://www.thehindu.com/business/Economy/article2313336.ece
In 2001, the decadal growth of population in rural areas was 16.51 per cent. In case of urban population, which is 4,388,756 in the 2011 census, the decadal growth is 27.61 per cent, a decline from the decadal growth of 38.24 in 2001.
http://timesofindia.indiatimes.com/city/guwahati/Census-2011-86-of-Assams-people-live-in*Source: villages/articleshow/9364052.cms
These three deadly scenes left the city to sleep in fear which is known as the city that never sleeps. In these attacks 21 peoples were killed and 131 were injured.
*Source: http://indiatoday.intoday.in/site/story/mumbai-serial-blasts-safety-of-mumbai/1/144966.html
Page 12