4th Edition,10th September to 16th September 2011 RGBS 2011 13 Batch

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4th Edition,10th September to 16th September 2011 RGBS 2011 13 Batch

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
th

16th Sep, 2011 16933.83 5084.25 11509.09 5368.41 8864.16

5059.45 10,992.13 5214.46 8737.66

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

07
China, India snap up Jewellery

Prev close Education-and Training 09 GOLD SILVER BRENT CRUDE

MBA application fall, boom in global economy ahead? New trend 11

Some iPad Apps to make a difference for the differently Adled.

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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4th Edition,10th September to 16th September 2011 RGBS 2011 13 Batch

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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4th Edition,10th September to 16th September 2011 RGBS 2011 13 Batch

National and Economy Updates

Planning Commission against CAG scrutiny of PPP projects.
NEW DELHI: The Plan Panel is against CAG scrutiny on the role of private sector players implementing the Public Private Partnership (PPP) projects running into thousands of crores. "The performance of the public part of the (PPP) project should be subject to proper scrutiny but obviously where the private sector (is given) flexibility ... you cannot subject that to CAG scrutiny," Planning Commission Deputy Chairman said when asked whether there is cause for CAG scrutiny of PPP projects. A bill seeking to expand the scope the Comptroller and Auditor General of India (CAG) to scrutinize PPP projects besides regulators, including SEBI, TRAI and IRDA, is under consideration of the Finance Ministry. The bill, which seeks to replace the CAG Act, 1971, is likely to be tabled in forthcoming winter session of Parliament. Under the PPP mode, the project is implemented based on a contract or concession agreement between a government or statutory entity on the one side and a private sector company on the other side, for delivering an infrastructure service on payment of user charges. Besides opposing the CAG scrutiny of private players under PPP projects, Ahluwalia also did not subscribe to the idea of bringing them under ambit of Right to Information Act. The government appointed regulator or authority also usually refrains from providing information about such PPP projects on the plea that those are being implemented by private firms. A public authority, as defined under Section 2(h) of the RTI Act, includes a non-governmental body only if it is substantially financed by the central government. The government is presently implementing several large infrastructure projects in sectors like airports, ports, road etc. under the PPP mode. [Type text]

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.

Oil to hit $130 in 12 months: Goldman Sachs.

Meanwhile Goldman Sachs said oil prices will likely rise to about $130 a barrel in the next 12 months as demand in emerging markets such as China and India make up for weak developed world growth, said on Thursday. Despite concerns about the US economy and Eurozone sovereign debt, which have hit crude prices due to an expected fall in demand, the Wall Street giant forecast commodity prices to remain buoyant. The large emerging economies of the BRICS, Brazil, Russia, India, China and South Africa, are forecast to grow 7.7 per cent this year and 7.9 per cent in 2012. By contrast, advanced economies are projected to expand only 1.7 per cent this year and 2.1 per cent next year, Goldman Sachs said. Brent crude, which is traded in London, is expected to hit $130 a barrel in the next year, from current levels around $112, the bank said. West Texas Intermediate (WTI) light sweet crude oil, traded on the New York Mercantile Exchange, is forecast to reach $126.50 a barrel over the same period from current $88. Both contracts touched all-time highs of above $147 a barrel in July 2008 before the onset of a global financial crisis. "Clearly, there is very little growth anticipated to come from the US, EU and the developed markets," said Allison Nathan, senior commodities economist at Goldman Sachs. "But we expect quite robust emerging market demand growth with China still anticipated to grow at 9.2 per cent next year and overall the BRICS countries close to eight per cent," she told reporters in Singapore. Nathan said the spread between WTI crude and Brent should narrow in the future but it was still unclear when the gap will close. The high inventory level at the US oil hub in Cushing, Oklahoma has led to WTI trading at a significant discount compared with other light sweet crudes such as Brent, Goldman Sachs said. Page 4

4th Edition,10th September to 16th September 2011 RGBS 2011 13 Batch

It added that transportation pipelines must be upgraded to improve delivery. "While we expect that alternative transportation capacity such as rail, truck and barge shipments will expand rapidly over the coming months, we believe that WTI will remain volatile and prone to dislocations in the future until the pipeline infrastructure is improved," it said. Gold prices are likely to break through $2,000 an ounce by year-end to new record highs, metals consultancy GFMS said in a report on Thursday, as inflation pressures in Asia and debt concerns in the West lead to a recovery in investment demand. While investment was soft in the early part of this year, jewellery purchasing held up remarkably strongly as prices climbed to records, the company said, while central banks added to holdings and scrap supply remained muted. World investment in gold is forecast to jump by more than a quarter year-on-year to 1,069 tonnes in the second half, largely on the back of soaring bar demand, and could push the market significantly higher. "Apparently low investment figures were very much a first-quarter story," said Neil Meader, research director at GFMS. "As soon as that Western disinvestment stops, you then have investment coming back at a time when the jewellery market is still strong and scrap is not doing a huge amount." A forecast for a hefty 43.5 percent year-on-year fall in implied net investment, chiefly reflecting activity in exchange-traded funds, on COMEX and in over-thecounter trading, was a reflection of profit-taking early in the year, Meader said. But the low interest rate environment, poor confidence in paper currencies and concerns over sovereign debt are all still strong factors underpinning interest in gold. In the full year, world investment is seen rising 1 percent to 1,693 tonnes. Selling out of exchange-traded funds in the first quarter of the year, when the major gold funds recorded the largest quarterly outflow on record, has been partly reversed, suggesting appetite for the products has recovered. Bullion bar buying, which has been consistently strong this year, rose 43 percent in the first half and is expected to stay strong in the remainder of the year, with GFMS forecasting a further 8 percent rise in the second half.

Oil companies hike Aviation Turbine Fuel price by 2.5 pc

After two consecutive price cuts, state-owned oil companies today hiked jet fuel, or ATF, price by 2.5 per cent in line with firming of international oil rates. Aviation Turbine Fuel (ATF) price at Delhi's T3 airport was hiked by Rs 1,429 per kilolitre (kl), or 2.5 per cent, to Rs 57,689 per kl with effect from midnight tonight, said an official of Indian Oil, the nation's largest fuel retailer. IOC and its sister retailer, Hindustan Petroleum and Bharat Petroleum had in two rate cuts on August 16 and September 1 lowered jet fuel price by Rs 1,585 per kilo. Today's hike has almost wiped away the reductions. ATF in Mumbai, home to the nation's busiest airport, will cost Rs 1,475 per kl more at Rs 58,452 per kl from tomorrow as against the old price of Rs 56,978 per kl. Jet fuel makes up for 40 per cent of an airlines' operating cost. No comment could be immediately obtained from airlines on the impact of the price hike on passenger fares. ATF prices vary from airport to airport, depending on the local sales tax or VAT. The three fuel retailers revise jet fuel prices on the 1st and 16th of every month, based on the average international price in the preceding fortnight.

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.

Infosys in advanced talks to buy US company for $450-500 million

NEW DELHI: Infosys Limited, India's second largest software exporter is in advanced talks to buy a US firm for $450-500 million, sources familiar with the developments told ET Now. Sources on the condition of anonymity said that the target company operates in the public services and healthcare space and has revenues of over $300 million but less than $500 million. However, the sources refuse to divulge the name of the target company. This will be a very big step for Infosys; public services and healthcare especially is an area where its competitors such as Cognizant have been very strong. Hence, it is certainly an area where Infosys will also like to gain strength. If the buyout goes through, it will be Infosys' biggest acquisition in history. Acquisitions in the past like those of McCamish and Expert Information Systems were sub $50 million deals. The last time Infosys made a bid for a buyout was for Axon, which was eventually acquired by HCL. Infosys has been in the focus for quite some time now with analysts and investors raising questions about its huge cash pile and how the company really plans to utilize that. Infosys for now says that it cannot comment on market rumors but sources on the status of this acquisition say that it is almost a done deal. Last month, KV Kamath had offered reassurance that Infosys, which has appeared somewhat unsettled in recent months, will embrace change wholeheartedly while preserving the ethos of the company's founder, NR Narayana Murthy. Kamath, a towering personality himself in the banking industry, suggested a new openness to acquisitions, re-orientation of strategy and radical innovations for productivity increases. Many of its top executives, including Mohandas Pai, Subhash Dhar and K Dinesh, have resigned. Rivalsmarket leader Tata Consultancy Services and fourthplaced Cognizant, have grown sales faster while improving margins in tough market conditions. And there have been murmurs that Infosys has been very reluctant to make better use of its cash pile of $4 billion Page 6

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to buy itself competitive advantage. For Infosys, the "course correction" will involve strengthening its presence in business areas such as healthcare and government as well as expanding in emerging markets such as India and China.

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

International Bureau China, India snaps up Jewellery

Meader said strength in jewellery fabrication, which rose 7.5 percent to 1,037 tonnes in the first half, masked a more complex picture for the largest single segment of gold demand. The jump was concentrated in Asia, said GFMS, which was recently bought by Thomson Reuters. Excluding China and India, fabrication in the rest of the world fell 4 percent. Indian demand climbed 52 tonnes, while Chinese buying increased by 40 tonnes. However, the high grades of gold used suggested that these purchases were made for investment purposes, rather than adornment, the firm said. "The buying that we are seeing there is in essence a form of investment," said Meader. In the full year, jewellery fabrication demand is expected to climb 1 percent to 2,032 tonnes. There was also persistent weakness in the volume of scrap gold being returned to the market, despite a rise in prices to a record $1,920.30 an ounce. Scrap supply fell more than 7 percent in the first half to 752 tonnes. Forecasting an 11 percent climb in the second half, GFMS said prices were likely to have to climb back above $1,900 an ounce before significant scrap selling resumes. Lower jewellery demand and higher scrap sales are likely to be an early indicator of a broad price correction, GFMS said. Central banks increased their purchases in the first half of 2011 to 216 tons from 72 tons a year before. In the second half, GFMS predicts the official sector will buy another 120 tons, up from 5 tons the previous year. On the supply side of the market, the company said it was inevitable that mine supply would reach record levels in 2011, with output seen rising 4 percent to 1,469 tons in the second half of the year. [Type text]

4th Edition,10th September to 16th September 2011 RGBS 2011 13 Batch

cost commitment of a two-year full-time MBA,'' said Ashish Bhardwaj, regional director, GMAC South Asia. Professor Atul Tandon, management consultant and former director of the Mudra Institute of Communications Ahmedabad, feels that a growing number of people are opting for careers such as advertising, design and media that do not need an MBA. In addition, he points to a growth in short-term courses in fields such as public relations and event management. Paradoxically, while two-year full-time MBA programmes have seen a drop in application volumes in India, the country contributes the most foreign applicants to these programmes in foreign universities; 61% say they have received the maximum number of overseas applications from India. Meanwhile, an increasing number of Chinese applicants are also output. The large, responsive screen of the iPad makes it ideal as an augmentative and alternative communication (AAC) device. AAC is a technique that augments the communication methods of anyone dealing with speech or mental impairment. iPad is Proving to be a Priceless Gadget One Voice provides the most usable way for those with speech disabilities to communicate. By selecting tiles you can build sentences that will be synthesized into speech. One Voice is easy to customize and tailor to each persons needs, so it can serve a child with autism and an adult who has had a stroke equally well, said Nathan Barry of Think Legend, developers of One Voice. Children with autism have taken to iPad so well that a host of apps have sprung up to assist them in communication. There is even a blog AppsForAutism dedicated to reviewing such apps. Conventional AAC devices in a tablet form have been around for some time. Some, like the Dynavox 3100, cost $6,500. Besides, theyre bulky, have poor battery life and are limited in their functions and the level of customization they offer due to the proprietary software they feature. The iPad, in contrast, can add speech synthesizers, AAC apps, autism-specific learning tools, flash cards, memory tools and behavior monitors. All for the starting price of the iPad (Rs 29,500) plus the cost of the app. Talking Cards, a $36.99 app for the iPad, has been developed for children with all sorts of disabilities. The app is adapted for children with limited motor skills. This is because we developed it with our own son in mind, who has a certain clumsiness when he is pointing and often slips with his fingers, says Staffan Erlandsson, cofounder of Timagine, the developers of Talking Cards. It is most beneficial for those who want an early-stage communication tool with a friendly interface that encourages communication, without worrying about difficult menus and settings. Its also easy for the parent or supervisor to add their own pictures, text and sounds, he added. Verbally is one of the only full-featured AAC apps for the iPad that is completely free.

Some iPad Apps to Make a Difference for the Differently Abled

Renowned British physicist Stephen Hawking, author of A Brief History of Time, cannot speak because of a debilitating motor neuron disease. Since 1985, however, he has spoken with the help of a complex speech synthesiser that produces the electronic, American-accented voice he has come to be identified with. While Hawkings device was custom build for him by a Cambridge engineer, an unlikely device is now helping many ordinary folks with disabilities communicate betterthe iPad. The swish Apple gadget that we mostly associate with fun stuff such as games, music and movies, can also greatly help those who have been dealt a bad hand by life. A number of iPad apps small software programs that run on the device are turning the tablet computer into a specialized assistive device. One Voice is one such app that has been acclaimed for its effectiveness with children with autism and others with temporary or permanent speech impairment. The highlycustomizable $200 app lets users build sentences using large tile icons as well as a key board. The idea is to minimize input effort and maximize effectiveness of [Type text]

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The app enables a user to communicate needs and wants with minimal button presses sentences can be generated by selecting a combination of words, which the iPad then speaks out in a male or female voice. All data is stored on the device itself, so no 3G or Wi-Fi connection is needed to use it. Intuary, the makers of the app, has a mission to empower users through intuitively designed apps that are affordable and widely accessible. Verbally was developed out of the special need of one person. To make sure that no one ever has to suffer the loss of connection to a loved one, we are committed to always offering a free version of Verbally, said Ajay Godhwani, CEO of Intuary. Apart from AAC tools, many other free apps such as See.Touch.Learn, TaptoTalk, Yes/No and Autism Xpress can be used by those with speech impairments. Others like Assistive Chat ($24.99) predict the entire sentence as soon as someone starts typing, greatly reducing the number of button presses needed. An app called Reading Machine ($1.99) is particularly suited to children with Dyslexiait helps them pronounce words they cannot read. For many others suffering from illnesses such as Parkinsons, cerebral palsy and amyotrophic lateral sclerosis (ALS), the iPad is proving to be a priceless gadget.

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RGBS HYDERABAD A SCHOOL OF BUSINESS MANAGEMENT

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