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Living Upto Royal Standards: Reinventing Education
Living Upto Royal Standards: Reinventing Education
FinXpress
Markets this Week News of the Week CAN YOU SOLVE IT?
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REINVENTING EDUCATION
Sources of Data:
HDFCsecurities Economic Times The Hindu Rediff Money MoneyControl.com Financial Express Indiapetro IOCL
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FinXpress
Company in Focus :
The Royal Bank of Scotland
About the Royal Bank of Scotland Group In 300 years, The Royal Bank of Scotland Group has grown to become one of the largest financial services groups in the world. Their brands operate around the globe to provide banking services for individuals, businesses and institutions while remaining committed to innovation and service. The RBS Group uses branding developed for the Bank on its merger with the National Commercial Bank of Scotland in 1969. The Group's logo takes the form of an abstract symbol of four inward-pointing arrows known as the "Daisy Wheel" and is based on an arrangement of 36 piles of coins in a 6 by 6 square, representing the accumulation and concentration of wealth by the Group. The Group serves a variety of medium to large enterprises, including multi-national corporations (MNC) and financial institutions. They offer integrated consumer and business banking services such as transaction banking, risk management, investment banking, private banking and asset management. About RBS India In 2007, the Group strengthened its presence across the globe through the purchase of several parts of the Dutch bank, ABN AMRO, including their businesses in India. RBS India offers an unparalleled suite of client services in India. Using their global reach and drawing on the expertise of their team of research, sales and trading, equity capital market and mergers & acquisitions (M&A) advisory professionals, they have led many of the biggest and most innovative landmark transactions in India for their Corporate and Institutional Clients. Services They offer a broad range of transaction banking, fixed income and foreign exchange products and services, including sales and trading, fixed income origination, derivatives, structured lending and commodity financing. Product Offerings including personal loans, credit cards, savings accounts, financial planning, investment and insurance services, to meet the everyday financial needs of over a million Personal Banking clients in India. Asset Management is among the fastest growing asset managers, with just two years of operations in the country. They have ever-increasing distribution and aim to emerge as a leading player in the Indian asset management industry. Leveraging the Group's comprehensive research and diverse range of investment products, They offer their clients investment options in fixed income, equities, money markets and structured products. Microfinance program is the largest amongst its peer foreign banks in India aimed at delivering credit to our target community of impoverished rural woman through intermediaries called microfinance institutions. Facts RBS sponsored the Williams F1 team from 2005 until the end of 2010. They also were the title sponsor for the Canadian Grand Prix from 2005 until the end of 2008. They have supported tennis player Andy Murray since he was aged 13.RBS sold its retail and commercial banking operations to HSBC in 2010 .
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FinXpress
StartUp in Focus :
Lakshya
Lakshya is a very interesting start-up in the education industry. It serves the informal segment of the education industry. Lakshya provides tutoring services for the students at the school level and also for the students preparing for entrance tests of professional examinations like Engineering and Medicine. They believe that using a proper thought process, both teaching and learning can be made interesting. According to them teaching based on teacher + digital content based modules can be of help in making teaching deliverables of higher quality and can be made more interesting. Founded in 2006, Lakshya is the brain child of four IIT-ians, conceptualized with an aim to revolutionize the way learning is perceived and teaching is delivered. Headquartered in Patiala, Punjab, Lakshya has four main types of services and products to offer. They offer one and two years classroom training for IIT-JEE, AIEEE and medial entrance examinations, distance learning program which run various test series and correspondence courses, i-Class which ties-up with schools to teach their students in their classrooms and regular classroom training for the classes till 10th standard. Lakshya is also very innovative in their expansion strategy. They have a Business Partnership Model, where they nurture the in-house entrepreneurs. They provide opportunities to the teachers for partnership in the expansion of the business. This brings out the best efforts from the teachers as they become business partners and are equally responsible for the growth of the organization. As a USP, Lakshya provides Yoga as stress buster during test preparations and provides Results Analytics which highlights specific needs for performance improvement in students. How does the business make money? Test preparation for engineering and medical entrance examinations sector is a very tangible market. Their revenue streams come from 3 sections: 1. One and two year classroom training for IIT-JEE, AIEEE and medical exams. 2. Distance Learning Programs - Test Series and Correspondence Courses. 3. i-Class : Where they go on a contract with a school to train its own students in its premises. 4. Junior Wing: Regular classroom training programs for Pre - 10th standards. Why is this startup hot? 1. Team: Founders are all graduates from IITs. In all, the core Lakshya team comprises of 7 IITians and 2 graduates from Thapar University. This team has immense capability to leverage its strength and brand in its present field of operation. 2. Sector: Lakshya is in the educational domain with its present focus on Test Preparation segment which is very tangible and commands a clear premium. Also the number of aspirants in this domain is increasing every year. 3. Growth: In two years of its operation Lakshya has demonstrated the effectiveness of its pedagogy by producing 55 selections in IIT-JEE and 200 in AIEEE, highest from any institute in the state of Punjab. They have instructed close to 2200 students till date. They have started a new concept of 'i-Class' in association with three schools and a venture in Pre-10th (9th and 10th standards) training program has also been initiated under the brand - Junior Wing. 4. Scalability: Standardized teaching content and Teacher Training program enables them to scale fast. 5. Brand: Having produced considerable results, Lakshya has a strong brand presence in the northern region. Lakshya has also interacted with over 1 lac students in Punjab, Haryana, NCR and Himachal Pradesh through its concept initiative 'Vedanta', in association with Thapar University. 6. Financials: They have been able to maintain strong cash flows and profitability right from their first year of operation.
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FinXpress
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FinXpress
The Maharatna company has already announced a ` 70,000crore ambitious capacity expansion plan to ramp up its domestic output to 23 million tonnes per annum (mtpa) by 2012-13 from 14.35 mtpa at present.
The DTAA with Georgia provides for taxing business profits in the source state if the activities of an enterprise constitute a permanent establishment (PE) there. The DTAA would enhance recourse to mutual agreement procedure to relieve double taxation in cases involving transfer pricing pacts. The low level of withholding rates of taxation for dividend, and fess for technical services would promote greater investments, flow of technical services between the two countries
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FinXpress
below
The Bombay Stock Exchange sensitive index, Sensex, tanked below the 16,000-mark for the first time in 18 months, losing 297 points at 15848.83 on Friday against 16146.33 on Thursday, as investors turned cautious globally ahead of the U.S. Fed's statement amid fears of slowdown in world's major economies including the U.S. Billionaire Warren Buffett threw a lifeline to Bank of America on Thursday, announcing he would invest $5 billion in the beleaguered U.S. banking giant, a move that sent its stock price soaring. Under the terms of the deal, Buffett's holding company Berkshire Hathaway will buy 50,000 shares of BofA preferred stock at $100,000 a share All the 13 sectoral indices closed in the red, with realty, metal, oil & gas and bankex leading the fall, while some of them hit new 52-week lows in intra-day trading.
Foreign currency assets, expressed in U.S. dollar terms, include the effect of appreciation or depreciation of the non-U.S. currencies, such as the euro, the British pound sterling and the Japanese yen, held in reserves.
In what Finance Minister Pranab Mukherjee sought to dub as disturbing', food inflation surged to 9.80 per cent for the week ended from 9.03 per cent in the previous week, driven mainly by soaring prices of certain vegetables such as onions and potatoes, fruits, milk and protein -rich items.
He has passed on the baton to run Apple to 50-year-old Tim Cook, who served as acting chief in times of Steve Jobs illness. Mr. Jobs was diagnosed with cancer in 2003 and also went for a liver transplant in 2009, when he had taken a break from the company.
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