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Corporate Updates 4th Edition
Corporate Updates 4th Edition
Corporate Updates 4th Edition
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CONTENTS
Editors View 03 Prev close National and Economy Updates 04 Planning Commission against CAG scrutiny of PPP projects. Oil to hit $130 in 12 months: Goldman Sachs Oil companies hike Aviation Turbine Fuel price by 2.5 pc Business 06 BSE NIFTY DOW FTSE NIKKEI
Period Indexs
Market Index 09 Sep, 2011 16866.97
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Infosys in advanced talks to buy US company for $450-500 million Tata Power looks at cutting coal costs International Bureau
Indian equities markets ended the week with marginal gains amid volatile trading as investors shrugged off the 12th successive rate hike by the Reserve Bank of India on positive global cues. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), ended the week at 16,933.83 points, up 0.40 percent or 66.66 points from its previous week's close at 16,866.97 points. The markets witnessed extremely volatile trading this week. The benchmark Sensex tumbled 365 points on the first day of the week on dismal industrial output data. However, the markets rebounded Wednesday with the Sensex gaining 283 points. Industrial output growth slumped to 3.3 percent in July, the lowest in 21 months. Commodity Price Index 09th Sep 2011 16th Sep 2011 28095.00 28220.00 69297.00 65600.00 4052.05 5045.00
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China, India snap up Jewellery
Gold investors have been on a rollercoaster ride since the Swiss National Bank shocked markets last week with its decision to peg the franc to the euro and to buy unlimited amounts of foreign currencies to curb its appreciation. "It is simply the dynamics of the financial markets - they just become inherently more volatile as you rise to what are ultimately unsustainable peaks."
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From the Editors end Welcome to RGBS, one of the premier business schools of India which nurturing global leaders with Indian Values. At RGBS, we stand to attain unbelievable standards of excellence through capabilities of the faculty who have expertise of few decades enabling us in transformation of our student excellent, enterprising executives. Here the students are involved with different activities and fostering them towards global leader of tomorrow. Every week students are involved with industry expose activity and also every week institute organizing Mini Vidura (Corporate Seminar Meeting) on current trends and management supervision, this program provides a platform to showcase their worth while pursuing higher education.
Today Ratan Global Business School, proud to announce we accomplished successful placements for our students with many Global Companies.
Here we are open for admission 2011-13. We are now also offering PGDM, PGDM (IB), PGDM (RETAIL MANAGEMENT) courses and also student can opt for sartorial specialization. Last date for submitting application is 24th Sep 2011.
RGBS Campus
Pattabhi Nagar Plot No: 273. Ravelly, Toopran Hyderabad 502336 Andhra Pradesh Phone: +91-8454-236100 Mobile: +91-96423-90322, +91-98484-96657 Email: contact@rgbs.in
Corporate Center
Ratan Global Business School, F-G5, Meghna Estend Apts East Maredpally Main Road, Secundrabad - 500 026
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As regards the road sector projects, the government is aiming to award concessions for over 7,300 km (roads) by the end of this fiscal which is expected to harness private investment of over Rs 50,000 crore.
Gold set to breach $2,000/oz by year end; oil prices likely to touch $130 a barrel
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Business
Future Group to exit non-core business
NEW DELHI: Retail chain Future Group Friday said it would consider exiting non-core business to lower debt and fund its growth plans. The company will divest its stake in Future Capital Holdings in the next six months. "We have many other businesses such as textiles and media which we can exit and become a zero debt company," Kishore Biyani, group chief executive officer, Future Group told reporters after signing a pact with the Himachal Pradesh government to promote the state's products across the country. "We are looking to divest Pantaloon's take in Future Capital Holdings and the process is on. It will take about 4-6 months," he added. However he did not divulge as to how much stake will be sold off. Biyani's announcement comes even as the government is mulling a proposal to allow foreign direct investment in multi-brand retail. Biyani also said that the divestment will not only reduce debt but also enable the company to make acquisitions and expand their existing core retail business. Under the agreement that the company signed with the Himachal Pradesh government, it would promote brand -- Himachal -- under which they will provide direct market linkages to the agriculture and horticulture produce of the state. This initiative will benefit the farmers at large who will be able to showcase their products in Big Bazaar stores in 85 cities and 60 rural locations across the country. "We were encouraging farmers of the state to compete in the international markets dominated by China at present," said Himachal Pradesh Chief Minister Prem Kumar Dhumalg. Future Group operates some of India's retail chains like Big Bazaar, Food Bazaar, Pantaloons, Central, eZone and Home Town, apart from other businesses.
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Education and Training MBA applications fall, boom in global economy ahead?
MUMBAI: There is a rather peculiar correlation between the global economy and applications to Bschools. When the economy does well, the applications drop. During a downturn, more students apply for an MBA. Sixty-seven per cent two-year full-time MBA programmes around the world have seen a drop in applications this year. But during the global economic downturn in 2009, 64% B-schools reported an increase in applications. That management institutions in Asia 36u36u336 the Indian School of Business, Hyderabad, says whenever hiring levels in industry are perceived to be good, people would rather opt for a job than study further. "This is possibly why B-schools in the Asia-Pacific region have seen a decline in applications,'' he added, pointing out that an MBA programme is not one that has to be done immediately after graduation and can easily be postponed. The Applications Trend Survey 2011, released by the Graduate Management Admission Council (GMAC), shows that the two-year MBA isn't the only programme witnessing a decline in applications. Over half of all full-time MBA programmes (including one-year programmes and the executive MBA) have seen a decline in application volumes. Some feel that economic instability may have kept candidates from applying to B-schools. "In the beginning of an economic recession, people tend to go back to school to retool and be ready for when the economy turns around. But in this prolonged downturn, people are much more hesitant to leave their jobs and go back to school because they are unsure if they will be able to re-enter the workforce at the right level when they graduate. The improvement on the economic front has been patchy and in the absence of a clear trend towards recovery, candidates are hesitant about the time and Page 7
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