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FinXpress
Company in Focus:
HSBC
2
StartUp in focus:
Creatives that work
3
Markets this Week 4
News of the Week 5
CAN YOU SOLVE IT? 7
OCTOBER 9, 2011
Sources of Data:
HDFCsecurities
Economic Times
The Hindu
Rediff Money
MoneyControl.com
Financial Express
Indiapetro
Inside this issue:
Institute Of Management Technology
Ghaziabad
GLOBAL REACH
LOCAL APPEAL
REINVENTING BUSINESS BRANDING
About HSBC :
HSBC the ("Hong kong and Shanghai Banking Corporation") was founded
in the former British colony of Hong Kong and Shanghai in 1865 and is
famously known to be “The world’s Local Bank”. HSBC is the largest bank
in Hong Kong and in mainland China it is now the largest international
bank. It has around 7,500 offices in 87 countries and territories across
Africa, Asia, Europe, North America and South America and around
100 million customers. HSBC is a universal bank and is organised within
four business groups : Commercial Banking, Global Banking and Markets
(investment banking); Personal Financial Services (retail banking) and
Private Banking. The current Annual revenue is $98.918 billion and Profit is
$13.159 billion with total assets of $ 2.454 trillion. With a loan-deposit ratio of 90%, HSBC Bank is said to be one of
the five British banks that claim to have more deposits than loans. Such a high loan-deposit ratio of the bank has
been able to retain the trust of its investors and customers, keeping them assured of its financial strengths.
Subsidiaries of HSBC :
HSBC Bank plc, The Hongkong and Shanghai Banking Corporation, HSBC GLT India, HSBC Bank USA, HSBC Bank
Middle East, HSBC Mexico, HSBC Bank Brazil, HSBC Finance.
HSBC Bank in India :
HSBC Bank started operation in India at Bombay (Mumbai) in 1953 after acquiring Mercantile Bank of India. It offers
complete range of products with world class service to its corporate as well as individual customers. HSBC has a
steadily growing customer base, due to its sophisticated and efficient financial services. HSBC Bank operates in India
under various wings such as, HSBC Asset Management (India) , HSBC Global Resourcing, HSBC Electronic Data
Processing (India) , HSBC Insurance Brokers (India) , etc.
HSBC Group entities in India :
The Hongkong and Shanghai Banking Corporation Limited (HSBC), HSBC
Asset Management (India) Private Limited, HSBC Global Resourcing /
HSBC Electronic Data Processing (India) Private Limited, HSBC Insurance
Brokers (India) Private Limited, HSBC Operations and Processing
Enterprise (India) Private Limited, HSBC Private Equity Management
(Mauritius) Limited, HSBC Professional Services (India) Private Limited,
HSBC Securities and Capital Markets (India) Private Limited, HSBC Software
Development (India) Private Limited, HSBC InvestDirect (India) Limited.
Achievements
HSBC Bank is well known for having established the first ATM in India in
the year 1987. The bank is present in many prominent cities of the country
including Mumbai, New Delhi, Bangalore, Hyderabad, Jaipur, Chandigarh
etc.
Page 2 FinXpress
Company in Focus : HSBC
Who they are?
They are a bunch of free thinkers with years of corporate experience and ground breaking views. They see things as they are before making a fairy tale out of it. They believe in working together with their clients to create Creative’s That Work.
What they Do?
User Experience: User experience is not about how a product works on the inside. It is about how it works on the outside, where a person comes into contact with it and has to work with it.
Interactive: Make your users play around with you application. Let your data and thoughts interact with them.
Web Technologies: Web is their Mother tongue. They do anything and everything in Web.
Branding: To them, brand experience is so much more than pictures and words. Print and web collateral will help increase sales, revenue, and brand loyalty, but only because they offer a preview of your brand experience.
Learning 2.0: Learning is social. Let them help you digitize your trainings.
Products:
Result Oriented Solutions: Rather than delivering some mere graphic designs etc. to their clients, their branding solutions are purely focused on results and business outcomes, thus delivering very customized solutions that are result oriented.
One Stop Solution: They become your one stop solution for all your branding, web solutions, print marketing etc. This not only gives you access to world-class solutions at single point of contact but also allows you to focus on your core business and outsource the rest to these experts.
Value for your money: Though Branding & Creativity is priceless, they offer Highly Competitive prices, packaged with value adds. With them you will experience branding as an investments rather than an expense.
At Creatives That Work they strive to create innovative design concepts for today's businesses. They help bring your brands to life as never before and enhance its recall value. Their designs speak to your customers the way you want it to speak. Web, print, electronic media or the internet.. our designs blend with the media to make your communication work.
They are a collection of hard-to-pigeon-hole enigmas. Their team, consisting of professionals from a diverse background of communication practice areas proves this fact. Together, they deliver value through research-led insights and precision-led execution bundled with fun and creativity.
In a sea of a million businesses, pick a local company that can help you Become a big fish... Or Squid for that matter...
Page 3 FinXpress
StartUp in Focus : Creatives that work
Page 4 FinXpress
Markets this week
Last week saw markets fall in three out of four trading sessions with the BSE Sensex falling 221.22 points or 1.34% to settle at 16,232.54. The 50 shares S&P CNX Nifty fell 55.20 points or 1.12% to 4,888.05. The BSE Mid-Cap index fell 2.78% and the BSE Small-Cap index dropped 2.32%. Both these indices underperformed the Sensex. The BSE Bankex index fell 4.63% to close at 10,348 levels, making it the largest loser in the week. India's largest bank, State Bank of India (SBI) was the biggest Sensex loser for the week. The stock tumbled 8.33% to ` 1751.85 after a downgrade from rating agency Moody's Investors Service. Moody's cut bank financial strength rating (BFSR), or stand-alone rating of SBI, to D+ from C because of concerns over its capital situation and deteriorating asset quality. SBI's nonperforming assets were at a three-year high as of 30 June 2011, at 3.5% of loans, and this will likely increase the bank's potential credit costs in the near-term according to Moody's.
All the three US indices ended the week in green. The Nasdaq rose the most by 2.6% for the week while the S&P and the Dow rose by 2.1% and 1.7% respectively. U.S. stocks rallied primarily as investors turned optimistic, following the European Central Bank's latest policy measures aimed at boosting liquidity in the European banking system in the later part of the week coupled with an encouraging jobs data. The US dollar appreciated against the rupee by 0.43% for the week ended 07th October 2011. The Indian rupee remained under pressure on sustained demand for the dollar amid a rise in the dollar value overseas. International gold prices rose 0.66% for the week to close at USD 1635.80 per ounce. International crude oil prices (WTI) rose 0.10% for the week ended 07th October 2011 to close at USD 82.98 per barrel.
India's August exports rose 44.25% to $24.3 billion from a year earlier, while imports for the month rose 41.82% to $38.4 billion, leaving a trade deficit of $14 billion, government data showed. The government also announced an additional borrowing of ` 52000 crore for the second half of current fiscal. Next week, all eyes would be on Infosys which would announce its Q2 earnings. The industry expects Infosys to raise its earnings and revenue guidance in rupee terms for FY12 on the back of a steep decline in rupee against the dollar in the recent past. A strong dollar against the rupee augurs well for the IT companies as it boosts their revenues. India’s service
sector has showed signs of slowdown amid concerns of weak global economy. The seasonally adjusted HSBC Markit Business Activity Index, based on a survey of around 400 firms, plunged in September to 49.8, its lowest reading since April 2009, and below the 50 mark which separates growth from contraction. The index was at 53.8 in August.
Page 5 FinXpress
News of the Week
Apple founder, Steve
Jobs passes away
Apple’s visionary leader Steve
Jobs, passed away at the age of
56 on October 5, 2011
Wednesday after a prolonged
battle with cancer. He passed
away barely a month after
handing over the reins of his
company to the Chief Operating
Officer, Tim Cook. Jobs had the
uncanny ability to combine
hardcore technology to human
nature. He was born of a single
mother on February 25, 1955
and was later adopted by a
couple. He began Apple
Computers in 1976 in his home
garage at the age of 21 along
with partner Wozniak, 26.
$1.2 billion dip in
India’s Forex Reserves
Indian foreign exchange reserves
dipped by $1.2 billion during the
week ended September 30. The
dip is largely due to revaluation
of India’s non-dollar assets. The
present forex reserve of India is
$311.5 billion. The value of other
components of reserves which
includes dollar, euro, yen and
pound dropped by $1225 million
and the value of gold rose by
$348 million. The total value of
India’s special drawing rights
(SDR) with IMF rose by $7 million
and the reserves with IMF
dropped by $345 million. Also,
due to a dip in currency with the
public and term deposits of the
fortnight, money supply into the
system dropped by ` 2130 crore
compared to previous fortnight
and stood at ` 68, 58, 829 crore.
Bharti Airtel and Idea
Cellular plunge more
than 3%
Bharti Airtel and Idea Cellular fell
by more than 3% amidst fears of
slowdown in customer additions
and possible violation of licensing
rules especially regarding
charging customers during
roaming. Other factors such
slowing down of rupee and news
of unrest amongst employees in
Nigeria affected Bharti Airtel.
Bharti Airtel fell around 3% to `
354.80 and Idea Cellular fell
around 5% to ` 90.30. Both may
miss consensus earning
estimates. The two companies
may also be under the scanner of the DoT for carrying out roaming deals allowing their customers to access 3G while roaming in each other’s circles.
European Shares and Euro gain
After a week of sharp gains, the
European shares ended being
stronger and the euro too gained
due to the positive report on the
US jobs. Growing signs that the
rescue of European banks is on
the track also helped the week
end on a positive note. A day
after European Central Bank and
Bank of England took steps to
boost credit, news of the US Jobs
data, which turned out to be
higher than expected, allayed
fears that the biggest economy
was facing the risk of recession.
However, Moody downgraded
several British banks indicating
that they needed help from the
European governments and
Fitch’s rating agency further
reduced credit ratings of Spain
and Italy indicating the need of
more firm actions to fight the
debt crisis.
HDFC Mutual fund
launches Gold Fund
India’s largest fund house, HDFC
Mutual Fund launched its Gold Fund last week which will enable its investors to invest in gold systematically. The new fund-on-fund scheme would allow investors to put money in gold systematically while simultaneously hedging risks against market uncertainty and also affectively diversify their portfolio. The new scheme was opened on October 8 and will continue till October 21. The minimum denomination of investment is ` 100 as per the statement issued.
Greek bailout bigger
than expected: Greek
Representative at the
IMF
The representative of Greece at
the IMF, Mr. Panagiotis
Roumeliotis has said in an
interview that the bailout
requirement of Greece is much
greater than perceived.
Therefore, the government or
the private bond-holders will
Page 6 FinXpress
News of the Week continued...
have to pick up the tab. The EU leaders in July had agreed to provide Greece with a second bailout of 109 billion euros to see them through to 2020. Private bond-holders were asked to participate in the rescue with them accepting a 21% loss on their Greek debt portfolio. He said that to meet the requirement, either the second bailout amount needed to be increased or involve more number of private bond-holders.
SBI expects $2 billion
injection through
government funds in
2012
State Bank of India is expecting an injection of $ 2 billion from the government in the FY12 after Moody’s downgraded its standalone rating due to rising bad loans and reducing capital cushion. The shares of India’s largest lender have been continuously dropping with a drop of 3.9% in the last two years which dragged the broader market into a negative territory. Chairman Pratip Chaudhari has expressed hope that recapitalization will be covered n the current fiscal year. He said that SBI would need ` 140 to ` 210 billion of state capital over a period of 5 years and that a capital supply of ` 30 to ` 100 billion is more desirable in the current fiscal year.
Maruti has halted car
production in a
Haryana plant
Maruti Suzuki has halted car
production at one of its plants in
Haryana due to renewed unrest
amongst its workers. This news
comes just days after Maruti had
said that a month long unrest in
Manesar plant had come to an
end after the workers had agreed
to sign the discipline
agreements. The Manesar
agitation had cost $ 135 million
in output ended. The Maruti
spokesperson said that the
workers went on an agitation at
4:00 PM on October 7, 2011.
Nobel peace Prize for
women now stands at
fifteen
Ellen Johnson-Sirleaf, Leymah
Gbowee and Tawakul Karman
have won the prestigious Nobel
Prize Award for peace on Friday.
This takes the total number of
women Nobel Peace Prize
laureates to 15 and the total tally
for women to 41. Marie Curie
was the first lady to be awarded
the Nobel Prize for Physics in
1903. Later she won the award
for Chemistry in 1911. Other
female Nobel Peace prize
winners in chronological order
are Bertha Sophie Felicita von
Suttner, Jane Addams, Emily
Greene Balch, Mother Teresa,
Alva Myrdal, Aung San Suu Kyi,
Rigoberta Menchu, Jody
Williams, Shirin Ebadi,Wangari
Maathai, Ellen Johnson-Sirleaf,
Leymah Gbowee and Tawakul
Karman.
Cartoons
Solve it Now!
We are on the web !
http://www.facebook.com/FinNiche
http://www.imtgfinxpress.co.cc
Page 7
**Rush in your entries to : [email protected]
The right entries will get their name featured in the next
issue of FinXpress. So hit the quiz fast & get yourself
visible among 1000 odd in the campus.
Set A
Identify which companies do the logos
belong to :
1)
2)
3)
CAN YOU SOLVE IT ?
Feel free to write to us at : Drop in your suggestions to the editorial team :
[email protected] Magazine design/news : [email protected]
Articles/quiz : [email protected]
LAST WEEK’S RIGHT ENTRIES WERE FROM :
Amey Ratnaparkhi Mahak Aggarwal Abhushan Sarraf
Arvind Ramkumar Krishna Koundinya
LAST WEEK’S ANSWERS
Set A :-
1) Ericsson
2) Johnnie Walker
3) Toyota
4) Biocon
5) Ernst and Young
6) Ford
7) IBP
8) Larsen and Toubro
9) Metro
10) UBS
4)
5)
6)
7)
8)
9)