XED CA Newsletter Week 5 May 03- May 09

7/31/2019 XED CA Newsletter Week 5 May 03- May 09

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TOP 5 HEADLINES OF THE WEEK

1. Hillary Clinton lauds India for reducing dependence on Iranian oil2. Iran, India biz talks begin amid US pressure3. Rupee breaches 53 mark, may slide to 554. Socialist Francois Hollande defeats Nicolas Sarkozy in French prez election5. Tata Motors tests vehicles running on air

ECONOMIC INDICATORS

DOW JONES INDUSTRIAL AVERAGE: 12,835.06 as on 9th May 2012 S&P 500 INDEX: 1,354.58 as on 9th May 2012 NASDAQ COMPOSITE INDEX: 2,934.71 as on 9th May 2012

US stocks pared early sharp losses Wednesday to close with moderate losses after European Union officials confirmedthat Greece would get the next installment of bailout funds this week. Early worries that the EU would deny thecountry its scheduled 5.2 billion euro ($6.7 billion) payout sent stocks tumbling more than one percent, but laterofficials assured that Athens would get at least 4.2 billion euros. At the close the Dow Jones Industrial Average wasdown 97.03 points (0.75 percent) to 12,835.06. The broader S&P 500 shed 9.14 (0.67 percent) to 1,354.58, while thetech-rich Nasdaq dropped 11.56 (0.39 percent) to 2,934.71. As leftists opposed to terms of the 130 billion eurobailout scrambled to form a new government in Athens, Greece's political plight dominated the market news. Amidmore speculative talk of the country being forced to leave the eurozone, European stock markets sank along with the

euro during the day.

GGIIVVEE UUSS AAUUSSTTEERRIITTYY,, BBUUTT NNOOTT YYEETT

It is appealing to imagine thatthere is a lovely painlessalternative to austerity in Europe,if only the stubborn politicianswould choose to follow it.Franois Hollande encouragedthis notion during his presidentialcampaign, stating that he was forgrowth and against austerity as ifthat were the choice on offer.Greece's voters, by now well intoa recession that could last foryears, would dearly like analternative.

Unfortunately this idea rests on arather heroic assumption: thatcountries can spend big now,running up large budget deficitsto make up for lacklustre private-sector demand, then rein in thatspending a few years down theline when the worst of the crisishas passed. The first of these twocharts uses a dataset that goesback to 1978 but only covers arelatively small number of OECDcountries. The second chart ismore comprehensive butconsiders a shorter timespan.Both suggest that, in good timesas in bad, governments will findreasons to spend more than theyreceive in revenue.


3/13

COVER STORY: AT THE HEART OF MAOISM

There is an appalling silence in the air, the forest looks just like any other, thick and green; evenpeople look the same, same as others in cities. Whats the difference? Just that the silence is shortlived as guns dont remain unused for long. The forest is a killing ground and people hold a deepsense of victimhood thanks to government apathy. The place is Maoist heartland and the peopleconsider themselves Robinhood incarnates.

Whats new or old?Maoists did what they do best. They abducted a collector at Sukna in Chhattisgarh after killinghis two bodyguards. The Government as always caved in to their demands and set free a dozen or so Maoists.

Frankly, there is nothing new in the incident, because involving new officers and new Maoists doesnt make theincident new. In fact, there is nothing really new about Maoism in India at all. So, why is this being allowed tohappen? Are we ever going to get out of this mess? Or is it that this unresolved problem presents the ideal state forthe play of power politics and therefore the possibility of finding a solution is remote, rather, deliberately remote?

Who are the Maoists?Wearing Robinhoods name is a clich. Maoists are a disgruntled lotwith a misplaced sense of justice. Those people who form the core of the Maoist leadershipare well educated college urbanites driven perhaps by the plight of their very own people.They believe that the only way out of poverty is a violent revolution. The Government, withits perpetual neglect of these people hasnt done any good except fueling the deep heldanger. This brimming anger took no time to become a wild fire. It all started when thestates control over far flung forest villages was practically non-existent as is still the case.The only evidence of the existence of the state was a cop who walked in once a month to dothe paper work. A sound beating and manhandling was enough to push the state out of the

village. The Maoists then turned Government and started services like distribution of land,telephony, road, schools, courts etc. They levied taxes on the population and lived off them,and it has continued till now.

What the people want:There are Maoists and there are others. Its often said that some voices get lost in the crowdbecause leaders only hear what they want others to hear or believe in. Contrary to popular belief that Maoists enjoyimmense goodwill of the people, the truth is that most people want to just live. They want to live without the fear obeing dead anytime, anywhere. They come with no ideological baggage or angst against the government. Nobody isinherently a sadist and enjoys killing people. They are simply pushed into it . They accept Maoists in place of the Stateif, and only if, they have no other option. It is not as if they love the State, which is often as corrupt, insensitive andas predatory as the Maoists. However that being said, people prefer to stay within the law and are willing to move outof the Maoist dominated areas as soon as possible. They send their kids to cities to get a future which is minusMaoism.

What the state wants: The state now finds itself fighting the monster created by its own neglect. The problem hasbecome as widespread as it is inherent. People dont believe the state when it says I amsorry for what happened in the past and I will make sure it wont happen in the future. Thetrust is simply absent. Even when the state tries to do development work, its being thwartedby the Maoists. Several officers who tried to bring about development reforms were eitherkidnapped by Maoists or killed. This raises the perplexing question? The Maoists want reformthe Government wants reform, people want reform. If there is so much in common then whyis a war being waged? Look deeply and it comes down to trust. As can be correctly said, in althis Maoism fiasco, the biggest casualty is trust. Now nobody trusts anyone.

Solution:There are no easy solutions here, only hard ones. Once and for all, we should stop glorifying Maoists as do-gooders. Power acquired by Guns and illegal means must have no place in a democracy, no matter how hard it tries tosell itself as one who cares for the poor. Maoists must be isolated in urban and rural areas. If politicians cutting acrossparty lines come together, then a straightforward police action would suffice to confront Maoists in urban areas

However, the state must ensure that the family members of such people get adequate personal protection as Maoistsresort to revenge killings to get even. In forested areas, Maoists have well trained bands of fighters which cannot beeasily isolated from the villagers. The Government presently, tries to locate the band of fighters and tries to attackthem with armed forces. This is messy as it leaves the Maoist support bases intact and permits fresh recruitment. TheGovernment can do better if it approaches the villages in small parcels. For instance, it can hold an area, set uprefugee camps and ask people to vacate the area before launching any operation. Once the area is cleared oMaoists, the villagers can be let in after proper security checks and the liberated area properly garrisoned to preventMaoists from returning. Development work should start soon then, like roads, schools, government setup. Suchplaned strategy to deal with Maoism is far better than killing the roving bands of Maoist fighters in jungles orterrorizing villagers to offer support by way of intelligence. Although it is easier said than done, but if a strong politicawill is there, the problem is solvable. We just have to realize that holding past grudges to destroy the present andfuture has no logic in it whatsoever. The human rights activists who raise a hue and cry every time a Maoist iscaptured or killed might well need to learn this; and for the government, it should just say SORRY and move on.


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PERSONALITIES OF THE WEEK

Jack Welch Former CEO of General Electric

Jack Welch grew to fame in the business world through his management skills & success at GE, whichalmost became legendary. Welch turned the struggling slow moving giant into a dynamic growthcompany. His no nonsense leadership style though gave him a reputation as being a ruthlessanarchist but it helped GE become the most valuable & largest company in the world. During his 20years of leadership, from 1981 to 2001, the companys value rose 4000% from $12 billion to over$280 billion. He is credited for adding NBA to GEs portfolio of business, implementing Motorolas SixSigma Quality program which resulted in higher factory outputs & also for shifting GEs business from manufacturingto financial services through numerous acquisitions. He was named Manager of the Century by Fortune magazine.

The Jack Way!!!Welch received his B.S. degree in chemical engineering from the Universityof Massachusetts & then went on to receive his M.S. and PhD degrees fromthe University of Illinois. He joined GE as junior chemical engineer; and onceblew off the roof of the factory & was almost fired for doing so. Welch wasdispleased with his first appraisal & the bureaucracy within GE, and was

planning to leave the company. It was his senior Reuben Gutoff, who realized Welch was too valuable a resource tolose & convinced him to stay. Welch worked his way through the ranks, taking tough decisions, to become theChairman & then CEO of GE. The eighth & youngest leader of GE, who had little time for bureaucracy, was responsiblefor streamlining operations & reducing the management structure from 29 levels to a mere 6 levels. He believed tha

a company should either be no.1 or no.2 in the industry or else leave it completely. GE saw great growth & expansionas Welch ensured that each business under GE umbrella was one of the best in its field. After retiring in 2001 Welchwrote a bestselling memoir "Jack, Straight from the Gut" & he now consults Fortune 500 businesses.

The Flip Side of Jack!!!Some industry analysts claim that Welch has been given too much credit for GEs success & the efforts of managerswho helped build the company have been neglected. They also hold Welch responsible for pressurizing employees to

cut corners, which led to scandals in GE. He is dubbed Neutron Jack for cutting thousands of jobs duringrestructuring. His controversial retirement plan of $8mn salary, which included a luxury apartment in Trump Tower;free food & wine; access to companys jet; VIP tickets to Opera, Wimbledon, the US Open etc; and a chauffeur drivenlimousine, also raised eyebrows.

Chad Hurley Co-founder & Former CEO of YouTube

Chad Hurley, always aspired to be a star, and his aspiration became reality when along with hisPayPal colleague he created the worlds largest online video website, which became a global sensationwithin two years of its launch, & propelled both the geniuses to the top ofBusiness 2.0s list ofThe50 People Who Matter Now. YouTube became an internet phenomenon, within six months of itslaunch in 2005 & was named TIME magazines 2006 Invention of the Year. Hurley became an

overnight millionaire when YouTube was acquired by Google for anastounding $1.65 billion in 2006.

Creativity Unplugged!!!Hurley, native of Pennsylvania, was an artist from an early age & used tosell his drawings on the sidewalk when he was in elementary school. Heearned his B.A. in Fine Arts from Indiana University in 1999 & later applied

for a job at PayPal. As part of his job interview, he was asked to design a logo for the young company, and the logohe designed remains PayPals official logo to this day. While working in PayPal, Hurley & Chen became friends. WhenPayPal was acquired by eBay, they received large bonuses for their invaluable contribution to the start-up. WithChens engineering skills & Hurleys creativity, they thought starting up their own venture, with the money, was aplausible idea. In January 2005, Hurley and Chen attended a friends dinner party in San Francisco. They had taken afew digital videos of the event and wanted to share them with each other the next day, but could not find a goodmeans to do so. The files were too big to email, while posting them online would take hours. With that, Hurley andChen had their first idea for a sustainable business. Hurley decided to create YouTube with Chen to make uploadingand sharing videos online as easy as anyone could want. And the rest is history.

YouTube & beyond!!!Hurley was primarily responsible for the tagging and video sharing aspects of YouTube. He served as YouTubes CEOsince 2005 & stepped down from the role in 2010, but he is still on the advisory board of the company. He is currentlyworking towards investing in Formula One. YouTube is just the beginning, and we are yet to see more revolutionaryentrepreneurial ventures from this artistic & brainy leader with a vision & knack for successful business ideas.

No one, cash is king...no

two, communicate...no three,

buy or bury the competition.

This is the birth of a new clip

culture where the audience is

in control more than ever.

No one, cash is king...no

two, communicate...no three,

buy or bury the competition.

No. 1, cash is king...No. 2,

communicate...No. 3, buy or

bury the competition.


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BUSINESS NEWS

1) Hillary Clinton lauds India for reducing dependence on Iranian oil- ET 09 MayUS Secretary of State Hillary Clinton has lauded the steps taken by India to reduce itsdependence on Iranian oil, saying New Delhi has put itself on the line to get Tehranback to the negotiating table. Clinton told in an interview that New Delhi has animportant role in conveying the message of the international community and itsconcerns to Iran. Expressing satisfaction over the progress made by India on reductionof import of Iranian oil, she said India has certainly made progress in reducing theirimports of crude oil from Iran. Though India has been maintaining that it is not

reducing imports from Iran, the import numbers for 2011-12 tell a different story.Supplies from Iraq and Kuwait have seen a significant increase, even as Saudi Arabiamaintained its position as the largest supplier. Till now, Iran was India's second-biggest crude oil supplier after SaudArabia, meeting about 12 per cent of the country's needs, but the position has been taken over by Iraq.

2) Iran, India biz talks begin amid US pressure The Hindu Business Line 08 MayAmid mounting US pressure on its trading partners to reduce business with Iran, a strongdelegation from the West Asian country began business-to-business talks with its Indiancounterparts here on Monday. Sources privy to the developments said there was enthusiasticresponse from both sides during the first round of talks. India-Iran trade is over $12 billion and isheavily tilted in favour of Iran. The sectors in which mutual interest was evinced included agroand allied products, pharmaceuticals, engineering, shipping, banking, petroleum productspolymer, textile, as well as e-commerce. Pharmaceuticals and agro products are free from UN

sanctions, which India follows. Indian exporters to Iran are also seeking clarity on the recenttightening of US sanctions that target those helping Iran skirt the sanctions by barring themaccess to the US banking system

3) Rupee breaches 53 mark, may slide to 55 TOI 03 MayThe rupee breached a major resistance level to fall below the 53 mark for the first time this year in intra-day trade on Wednesday. Forex dealers fear the rupee is now headed toward 55 levels against the dollar.Although the rupee firmed up to 52.55 earlier in the day, it soon slipped to 53.03 following a sell-off in theequity market and with the dollar gaining overseas. The domestic currency finally saw a pullback to closebelow the 53 level at 52.96, down by 22 paise from Monday's close. "The rupee has been under pressurebecause of a combination of factors: the trade deficit remains elevated and the portfolio flows have beenchoppy with foreign investors pulling out close to $1bn from the capital markets in April. Overall, thebalance of payments position is under stress and investors are concerned about policy uncertainty," said Priyanka Kishore,forex strategist, Standard Chartered Bank. Forex dealers say that although RBI has been intervening in the foreign exchange

market, the dollar sales have been to curb volatility and it did not appear that the central bank had any price target in mindAs such, forex analysts are now looking at the 55 level as dollar demand continues unabated.

4) Pranab soothes frayed FII nerves, defers tax avoidance rules by a year- The Hindu Business Line 08 MayTaking the sting out of certain controversial budget proposals, Mr Pranab Mukherjee, hasdeferred the implementation of anti tax avoidance measures by one year. The General AntAvoidance Rules (GAAR) will now apply to incomes of FY 2013-14 and subsequent years, MMukherjee said while moving the Finance Bill 2012 for consideration in Lok Sabha. GAAR hadmade many foreign investors jittery as it could override the treaty benefits and also the onusof proof of there being no tax avoidance was entirely on the taxpayer. The Government wilremove the onus of proof entirely from the taxpayer to the revenue department before anyaction can be initiated under GAAR, he said. Taxpayers, both residents and non-residents, wilbe able to avail themselves of the facility of advance rulings, Mr Mukherjee announced. Suchrulings will allow FIIs to know in advance that if their investments could be taxed under GAAR

or not. Incidentally, Indian markets could have lost an estimated $10 billion worth investments from the overseasfunds and ultra-rich foreign individuals over a period of little more than one month on taxation worries.

5) TCS is fourth most-valued IT services brand globally- BS 08 MayTata Consultancy Services (TCS) has been named as the worlds fourth most valuableinformation technology (IT) services brand by leading global brand valuation companyBrand Finance. The top three most-valued IT services brands are IBM, HP and Accenture.

The value of the TCS brand has increased rapidly over the past three years. Our 2012ranking marks the first time an emerging market-headquartered firm has entered the topleague in IT services. With a strong brand strategy and a refined sponsorship portfolio, TCShas been able to improve both brand awareness and its profile globally, said David Haigh,chief executive officer and founder of Brand Finance. Infosys, Indias second-largest ITservices company is on the fifth position, while Cognizant and Wipro are on the ninth and 10th position, respectively.


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6) RIM bets on BlackBerry without keyboard to challenge Apple Bloomberg 03 MayWhen Research in Motion CEO - Thorsten Heins unveiled a prototype of the new BlackBerry 10 phoneyesterday, it lacked a feature that has kept legions of users loyal to the platform: a physical keyboard. Athe BlackBerry World expo in Orlando, Florida, he showed off a sleek touch-screen device that moreclosely resembled an iPhone or Android smartphone than the keypad-equipped Blackberrys of old. WhileRIM still plans to produce models with keyboards, the demonstration was the biggest signal yet that thecompany was shifting to a touch-screen world.RIM, which is counting on its redesigned BlackBerry 10lineup to reverse a sales slump, faces a quandary. Smartphone users have embraced virtual keyboardsevidenced by Apple and Google accounting for more than 80% of the market. Even so, taking away RIMsphysical keypad removes a feature that distinguishes it from the competition.Some will lament but other

will embrace it, said Nigel Hughes, a VP in charge of sales at Virginia-based SteelCloud Inc., which buildsBlackBerry compatible security software & hardware for customers like the Department of Defense. Its arecognition that the future is sans a keyboard.

7) Deal done, but Biyani still bets big on fashion BS 03 MayThe Pantaloons stores are sold, but Kishore Biyani is still focused on fashion. After clinching a Rs 1,600-crore deal with the Aditya Birla Group to sell its Pantaloons format, Pantaloon Retail plans to focus onexpanding its remaining fashion formats, such as the Central mall concept, discount chain BrandFactory and private labels, which have been kept out of the ambit of the deal. Even smaller fashionformats like Ethnicity and popular segments like Fashion at Big Bazaar will be under Future Groupoperations. The countrys largest retailer, Pantaloon plans to add 10 Central malls by June 2013. It has21 malls at present. It had also plans to add 35 to 40 Brand Factory stores during the same period, saida senior Future Group executive involved with the expansion plans. Brand Factory has 20 outlets. The two formats have threemillion sq ft of retail space. Central and Brand Factory, whose financials are integrated, are actually bigger than the Rs 1,700

crore Pantaloons format, and are expected to clock a turnover of Rs 2,100 crore in 2011-12. The two were looking at 35 pecent growth in 2012-13 to achieve a turnover of Rs 3,000 crore, the executive said. Unlike Pantaloons, the company is notlooking at getting strategic investors in these fashion formats in near future.

8) Reliance Industries fined Rs 6,600 crore for KG-D6 output fall ET 04 MayThe government has slapped a hefty penalty of about Rs.6,600 crore ($1.235 billion) on RelianceIndustries for the steep fall in gas output from the KG-D6 block, sharply escalating the oil ministry'sraging dispute with the Mukesh Ambani-controlled company. The oil ministry sent a notice to RelianceIndustries late on Wednesday, admonishing it for the decline in production and said the company hadviolated the production sharing contract (PSC) and willfully drilled fewer wells than what it hadcommitted in its approved plan, called the Amended Initial Development Plan (AIDP). The company

says unexpected geology caused the decline in production and data has established that drilling more wells would not help,but the oil ministry has firmly rejected this. The government wants to deduct the amount from Reliance's share of profit fromthe field as it feels the company should be punished for building excessive infrastructure, which is now idling. RIL executives

say the same facilities will be fully utilised & help cut costs drastically when it develops 16 new discoveries in the same block.

9) 2G: Telecom chiefs team up to take battle to govt The Hindu Business Line 03 MayMobile companies stepped up their offensive against the telecom regulator'sspectrum auction proposals. Leaders of four GSM companies met theCommunications and IT Minister, Mr Kapil Sibal, the Finance Minister, Mr PranabMukherjee, and other top officials in a bid to pressure the Government intorejecting TRAI's recommendations. They met the Home Minister; the DeputyChairman of the Planning Commission; the Secretaries of the Department ofTelecom and the Commerce Ministry; and the Joint Secretary to the PMO.During the meeting, the telecom leaders reiterated the demands communicated to the Government through a joint letter lasweek. This includes reduction in base price by 80 per cent and putting all available spectrum for auction. They also want theproposal to re-farm 900 MHz band to be on put freeze.

10) Tata Realty and Infra to foray into hospitality BS 06 MayTata Realty and Infrastructure (TRIL), a wholly-owned subsidiary of Tata Sons, is foraying intoretail and hospitality segments through a new subsidiary, TRIL Hospitality Services. Thecompany, which has about Rs 6,000-crore projects at hand, would also commence work ontwo more projects, and this would add business of Rs 3,000 crore, said a senior TRIL Infoparkexecutive. C Velan, executive director and chief executive, TRIL Infopark, said, It is a recendevelopment, and we have not yet started execution. While we were exploring options fofuture plans, we identified opportunities in three segmentsretail, senior living space and thehospitality segment.The hospitality segment would include two parts: Developing living spacefor senior citizens, for which management would be outsourced to a third party, and the

development of gateway and four star hotels, which would also be operated by another company. The management ofliving space for senior citizens & hotels is likely to be offered to a Tata Group hospitality firm. The hotels would bedeveloped without creating competition with the groups existing hospitality business.


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11) RBI eases FX inflows after rupee skids Reuters 05 MayThe Reserve Bank of India announced measures on Friday to bolster foreign currency inflowsfollowing a sharp fall in the rupee, although traders said the moves may not be enough to stemfurther near-term weakness. The rupee is down about 9% since the start of March and sufferedsteep falls in the last three sessions before recovering its daily losses on Friday. The RBI isbelieved to have stepped into the market to defend the currency. However, with limited reservesand India's negative balance of payments, the RBI has little firepower to defend the rupee.Encouraging dollar inflows would lend support to the currency. The rupee lost 2.3% this week,closing at 53.47/48 to the dollar, putting it close to the record 54.30 plumbed in December.Traders blame the drop on worry about India's current account and fiscal deficits as well as new tax proposals. The

RBI relaxed the interest rate ceiling on foreign currency non-resident (FCNR) deposits of banks with maturities of 1year to less than 3 years to 200 basis points above the LIBOR or swap rate, from 125 basis points now.

12) Jet Airways collaborates with Disney Channel's summer campaign The Hindu Business Line 04 MayJet Airways is collaborating as the airline partner with Disney Channel's Jet Set Gosummer campaign. As part of the campaign, a Jet Airways Boeing 737-800 aircraft wilcarry a wrap of popular Disney characters such as Mickey Mouse. The aircraft with thewrap will be unveiled in July. The airplane wrap concept, termed as a virtual billboardin the sky', will be branded in the Disney Channel's Jet Set Go' insignia and colours onits fuselage, the airline said. During the campaign period, an animated aircraft of JetAirways with an artist's rendition of the branding will also be seen on Disney Channethroughout the month of May. In order to participate in Disney Channel's Jet Set Go

campaign, children will have to spot an animated Jet Airways aircraft which will appear on the Disney Channethroughout the campaign period. Children can then accumulate points each time they spot the aircraft by giving a

missed call to a toll-free number.

13) Cipla shocks rivals by slashing cancer drug prices up to 75% ET 04 MayFighting cancer has just become less expensive for millions of Indian patients. More than 12years after he electrified the pharma industry by taking on powerful global giants in his questto supply cheap anti-AIDS drugs, Ciplapromoter YK Hamied is back donning the role of a pricewarrior. This time, his attention is on anti-cancer drugs. On Thursday, Cipla cut prices of keycancer drugs by nearly 75%, an astounding, one-shot reduction that is certain to unsettle theindustry and trigger a price war. Kidney cancer drug Sorafenib will now be available at 6,840for a month's supply, down from 28,000. Lung cancer drug Gestinib will cost 4,250, down from10,000, while prices of Temozolamide, used to treat brain tumour, have been cut from 20,000 to 5,000. The move isexpected to trigger a sharp reaction from other players in the 1,500-crore cancer drug industry and pose a seriouschallenge to multinationals who sell patented, expensive drugs and Indian companies whose generic drugs arecheaper than but not as cheap as Cipla's. One senior pharma company executive has already dubbed it "unethical"

saying it is an attempt to weed out competition.

14) Accor to hire 1,100 employees in India Financial Express 03 MayHospitality firm Accor today said it will hire 1,100 people in India this year to meet the needsof its growing network. The company plans to operate 90 hotels in India by 2015. It alreadyhas 3,600 employees here, the company said in a statement. "We expect to create significan

job opportunities across all segments varying from luxury to upscale, mid-scale and economyto low-cost," Accor India Regional Director Human Resources Ashwin Shirali said. In April,Accor opened five new hotels in India and six more will be opened in 2012, the companysaid. "By the end of 2012, Accor will operate 23 hotels (4,572 guest rooms) in India and

remains on track to achieve its development ambition of 90 hotels by 2015," it said. Accor is determined to hire youngversatile talented staff that could be trained to multitask at various levels and will be capable of supporting the broadportfolio of properties, further experiencing faster career advancement, it added.

15) Adidas may shut 200 India stores in addition to the Reebok outlets - ET07 MayAdidas AG could shut down 200 Adidas stores in India, in addition to the Reebok outletswhose closure was announced last week, as it seeks to make local operations profitable. Therestructuring was discussed at a global market meet in Phoenix, US, in March, a few daysbefore then India chief executive Subhinder Singh Prem was sacked under controversialcircumstances. While the company has declared its intention to shut down a third of Reebokstores (around 265) in India, it has not announced any plans for Adidas outlets. Thecompany has over 650 outlets in India. The person familiar with development said Adidas'main task ahead is to increase the average sales price of products and raise net sales ofstores that are performing well, while reduce the number of non-performing ('longer tail')stores in the vicinity. "The company has had enough of growth, it wants profits now," he added. Last week, Adidas AGshook the staid world of sports goods makers by announcing that 'commercial irregularities' in India's Reebok unit hadwiped out .`870 crore from its global profits and that it had subsequently dismissed the top management team.


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16) Toyota kicks off Go Rural drive; plans more dealerships in smaller cities- The Hindu Business Line 06MayToyota will have rural India on its radar as it expands the market for its Etios hatchbackand sedan this year. The company launched an initiative called Go Rural' in the lasquarter of 2011 where a pilot study was carried out in the eastern region. Cars wereput on display in the Durgapur area in West Bengal and the response was encouragingenough for Toyota to understand that smaller centres in India were critical to itsgrowth. This was the beginning of our Go Rural' drive. We had our dealers try ousomething similar in other parts of the country where cars were showcased on selectdays in a month. We were amazed to see that brand Toyota had so much goodwildespite our relatively negligible presence, Mr Sandeep Singh, Deputy Managing

Director of Toyota Kirloskar Motor, told Business Line. This is top priority for us especially when we have beenperceived as a city-centric player. It was justified then considering that we largely had the Corolla and Innova to offerHowever, the Etios is a mass range product and we just cannot afford to miss rural India, Mr Singh said.

17)Indian handset companies like Micromax, Karbonn Mobiles eye low-cost smartphones- ET 08 MayAfter losing out to Nokia and Samsung in the dual-sim segment, Indian handsetmakers are now trying to hit jackpot in the smartphone category by replicatingfeatures of MNC rivals and breaking the Rs 5,000 barrier for entry-level phones. So,if Micromax has put its money on a speech-recognition application Aisha thatmimics Apple's Siri, Karbonn Mobiles has developed its own instant messenger andpush-mail service that mirrors BlackBerry's messenger. "This is a good strategy,"says Jaideep Ghosh, partner at research firm KPMG. "They are replicating featuresfrom global smartphone makers and putting them in low-cost phones," adds Ghosh,who looks at technology, media and telecom at KPMG. Lava Mobiles too is doing

something different to stay in the game. It has partnered with Intel to launch thecomputer chipmaker's first smart phone Xolo - packed with an Atom processor used in netbooks - only in India. Theentry price of 22,000 is fairly high for this product, but it hopes to leverage the 'Intel Inside' trust.

18) Nissan checks out what Indian women drivers want- The Hindu Business Line 07 MayMs Rena Sofue of Nissan Motor Company was in India some months ago to check out whawomen wanted in their cars. The company has carried out a study with female customersin Delhi, Mumbai and parts of Gujarat. It shows that the choice of a small car like theMicra has more to do with tight traffic conditions and narrow roads.Women in India wanmore features like parking sensors and sound systems, greater comfort and bettevisibility in their (Nissan) cars, Ms Sofue told Business Line. They also prefer automatics.All these are important inputs to Ms Sofue, who is Manager of Nissan's AttractivenessCreation Group for Women headquartered in Japan. The India study has been more than

an eye-opener for the company. The Attractiveness Creation Group has also worked extensively across Asia and some

of the findings have been interesting. For instance, Japan and Korea have a lower working ratio while India has thelowest level of working women in Asia, Ms Sofue says. The number here is also lower than in Thailand and thePhilippines. In China, 80% of women in the age group of 25-40 work fulltime &it is very hard to find housewives.

19) Air India forced to cancel flights as 100 pilots "call in sick"- Reuters 09 MayAir India has cancelled international flights after about 100 pilots called in "sick" late onMonday, in a move to mount pressure on the state-run carrier on their demands forexclusivity in flying Boeing's Dreamliner. The national carrier has about 500 pilots whooperate international flights and they have been demanding that pilots from its formerstate-owned partner Indian Airlines should not be trained to fly Dreamliners, as it mayhurt the career prospects of the original Air India employees. The first of the 27Dreamliners will join the Air India fleet this month. Air India and Indian Airlines weremerged in 2007, although the integration process faced much criticism from industryexperts. Air India's purchase of Dreamliners was also criticised by the CAG last year for

"imposing an undue long-term financial burden". The government has extended a life line to Air India, which is oncourse to receive a $5.8 billion bailout by 2020. Its 19 lenders are also restructuring $4.2 billion in loans.

20) Dunkin' Donuts enters India- BS 09 MayUS-based foods chain Dunkin Donuts has come to India just a few months ahead of thearrival of its global archrival Starbucks, by launching its first store in the national capitaon Tuesday. Starbucks is expected to launch in September this year. The companyheadquartered at Canton in Massachusetts, plans to set up eight to 10 stores thisfinancial year - all in Delhi. That, it says, would earmark its journey to slowly turn out tobe a pan-India player with about 100 stores in the country in the next five years. Itsstrategy is to be an affordable eating place that would bring in the moolah from foodThis would thus be unlike the case in the US, where coffee reigns supreme in terms o

revenue. Dunkin Donuts like its pizza business is being targeted at urban consumers aged up to 35 years.


9/13

INTERNATIONAL NEWS

21) Socialist Francois Hollande defeats Nicolas Sarkozy in French prez election- FoxNews.com 06 MayFrench President Nicolas Sarkozy lost his bid for a second term Sunday to Socialist candidateFrancois Hollande, in a vote that could have reverberations across Europe and around theworld and especially in Washington. The decision marks a sharp turn away from thebudget-cutting policies trumpeted by Sarkozy and other European leaders who tried torespond to the financial crisis by tightening their belts. By contrast, Hollande has called formore spending, financed by more taxes. His election means a Socialist is taking power inParis for the first time since Socialist Francois Mitterrand was president from 1981 to 1995.

"I am proud to have been capable of giving people hope again," Hollande told huge crowdsof supporters in his electoral fiefdom of Tulle in central France. "We will succeed!" He also declared in his victoryspeech that: "Austerity can no longer be inevitable!"

22) Oil drops below $100 first time since February ET 04 MayOil dropped below $100 per barrel for the first time since February following a disappointingU.S. jobs report and warnings of a weakening world economy. Benchmark West TexasIntermediate crude fell as low as $99.90 Friday morning before edging back to $100.21 pebarrel in New York. Crude prices are down 2.3% for the day. Oil prices have been falling sinceWednesday as analysts and traders increasingly focus on the economy. Government data showthat U.S. oil consumption dropped 5.3% in the first quarter, and supplies have been growing fothe past six weeks and hit a 22-year high in Cushing, Oklahoma, where benchmark crude isdelivered. The European economy also is slowing down as eurozone governments continue tostruggle with a mountain of debt. Oil has crossed the $100 mark 21 times during the past year

It rose as high as $113.93 per barrel last April and fell as low as $75.67 per barrel on Oct. 4. As demand falls in theWest, OPEC has been delivering more oil to world markets in an effort to force prices even lower.

23) Formula One IPO all set to take off? Firstpost.com 04 MayPlans to float Formula One may finally get the green light in the coming weeks, aproposed listing in Singapore giving investors a chance to buy a chunk of the businessbehind the high-speed motor racing tour. The idea of floating F1 has been around formore than a decade but there appears to be real momentum on this occasion to sell off asmuch as 30% of the company. Banks UBS and Goldman Sachs have been hired to lead aninitial public offering that could value the business at up to $10 billion. Peter Brabeck,chairman of Nestle, has been lined up to chair the company should the flotation proceed.The driving force is private equity firm CVC Capital Partners which has owned 63.4% ofthe business since 2006 and now plans to cash in. CVC is seeking to cut its stake to 50%. Further impetus could beprovided by a 15% stake which was held by US investment bank Lehman Brothers when it collapsed in 2008. Aflotation would allow the banks administrators to raise up to $1.5 billion for creditors.

24) Asian markets retreat on Greece bailout uncertainty Reuters 09 MayAsian shares fell and the euro stayed pressured on Wednesday, as Greece struggled to form agovernment two days after elections, raising the risk that a hard-won bailout could benullified. The uncertainty in Europe sent risk assets sliding across the board on Tuesday, witha broad measure of Greek stocks dropping 3.6% to close at its lowest level in almost 20years, while European shares sank to a four-month closing low. Safe-haven assets were bidstrongly, pushing benchmark German yields to a record low of 1.533 percent on Tuesday, butthe weakness in the euro weighed on gold, which is often seen as a safe haven and has a

close correlation with the single currency. It fell below $1,600 an ounce for the first time in four months. Greece'sLeftist candidate for prime minister set conditions for a new coalition, demanding that pledges made in exchange foran EU/IMF bailout be torn up, which the biggest party said would destroy the country. If Greece does not stick to theaid package terms, it could run out of money as soon as next month, officials estimate.

25) America Movil offers $4.2 bn for KPN stake Financial Express 09 MayAmerica Movil, the telecom group controlled by Mexican tycoon Carlos Slim, offered tobuy a stake worth up to 3.2 billion Euros ($4.2 billion) in Dutch telecom firm KPN as abase for potential expansion in Europe. America Movil, which is seeking up to 28% ofKPN, said it sees the move as a long-term investment that would give it a presence inEurope at a time when the Mexican group has run out of opportunities to expand athome, its chief financial officer said on Tuesday. KPN shares surged more than 20%to their highest since early April, having earlier this month slumped to their lowest inseven years. KPN welcomed the offer, saying it was moderately positive and showedthe undervaluation of its shares. America Movil, the biggest mobile operator in LatinAmerica, is a major cash cow for Slim, ranked by Forbes magazine as the worldsrichest man, who built his empire by purchasing troubled companies and turning them around.


10/13

MISCELLANEOUS NEWS

26) Tata Motors tests vehicles running on air- BS 08 MayTata Motors on Monday said it had successfully tested vehicles running on compressed airon two of its products. It has tied up with Motor Development International (Luxembourg)to produce and sell cars powered by compressed air. Both companies had signed a licenceagreement in 2007. The first phase of this programme, which included proof of thetechnical concept in Tata Motors vehicles, has now been successfully completed, with thecompressed air engine concept having been demonstrated in two Tata Motors vehicles. Thecompany said in the second phase of the development, the two companies were working to

complete detailed development of the technology and required technical processes toindustrialise a market-ready product application over the coming years.

27)Does govt needs US to pacify Mamata, asks CPI(M)- The Financial Express 08 MayWith US Secretary of State Hillary Clinton meeting West Bengal Chief Minister MamataBanerjee, the CPI(M) today said "nothing can be a more sorry situation" if the governmentrequired American help to pacify its allies. Senior CPI(M) leader Sitaram Yechury wasreplying to a question about Banerjee's opposition to allowing FDI in retail, an issue raisedin India by the visiting US Secretary of State. "If such a situation arises that thegovernment requires US help to pacify its allies or sort out problems within the rulingalliance, nothing can be a more sorry situation for the country. It shows the level of ourdependence on the US," Yechury said. Attacking UPA for taking positions "at the behest ofthe US and in keeping with their interests", Yechury said there has been a significant decline in India buying oil fromIran in the past three months. "Under US pressure, India has also virtually abandoned the Indo-Iran gas pipeline

which could have given us cheaper crude. This is not acceptable as it goes against Indian interests," he said.

28) Antique whisky gives investment high to Indians- ET 09 MayA rising number of rich Indians are lapping up rare whisky bottles and resist drinkingthem as special single malts become a popular investment avenue and their collection aglobal craze. Consider this. There are only three bottles of Dalmore Trinitas, a single maltaged 64 years, with each priced 100,000; and two of these bottles are with people oIndian origin - Sukhinder Singh, who owns world's largest online whisky retailer TheWhisky Exchange in London, & Mahesh Patel, an Atlanta-based entrepreneur, who runsUniversal Whisky Experience that promotes luxury and super-premium whisky eventsSingh started collecting whisky as a hobby 25 years ago, and was surprised by their priceescalation. Industry figures show that some of the best investments have been with

distilleries such as Macallan, Dalmore and Glenlivet. Last year, a bottle of The Dalmore 62 was sold at SingaporeAirport for a world record 125,000. Many rich Indians are joining the whisky collectors club as investment in top 10whiskies appreciated 400% in four years to end of 2011, compared to 146% increase in gold & 10% rise in diamonds.

29) Hindustan Unilever sets up insights centre to study how Indians shop- ET 07 MayWorld's third-largest consumer goods firm Unilever has set up a Customer Insight andInnovation Centre in Mumbai to study how consumers shop FMCG products-its first such hubin India and seventh in the world. The centre at Andheri will be used by several groupcompanies, in developing and emerging markets, to understand how people shop in bothneighbourhood stores as well as modern retail. This is the first such centre that providesshopper insight for both general stores as well as retail chains. The insight centre willsimulate the retail environment of any supermarket or neighbourhood store and then inviteconsumers to shop the virtual store. A device will scan their retina to track the movement ofthe eye, and then a map will display the spot that catches the consumers' attention. The company will use the dataand insights from the centre to plan packaging design for future products.

30) Wealthy Americans queue to give up their passports Bloomberg 03 MayRich Americans renouncing U.S. citizenship rose sevenfold since UBS AG whistle-bloweBradley Birkenfeld triggered a crackdown on tax evasion four years ago. About 1,780expatriates gave up their nationality at U.S. embassies last year, up from 235 in 2008,according to Andy Sundberg, secretary ofGenevas Overseas American Academy, citingfigures from the governments Federal Register. The embassy in Bern, redeployed stafto clear a backlog as Americans queued to relinquish their passports. U.S. is the onlynation in the OECD that taxes citizens wherever they reside, is searching for tax cheatsin offshore centers, including Switzerland, as the government tries to curb the budget

deficit. Shunned by Swiss and German banks and facing tougher asset-disclosure rules under the Foreign Account TaxCompliance Act, more of the estimated 6 million Americans living overseas are weighing the cost of holding a U.Spassport. Renunciations are higher in Switzerland because American expatriates expect extra scrutiny of their affairsafter the UBS case and as the U.S. probes 11 other Swiss financial firms for aiding offshore tax evasion.


11/13

CORPORATE INTELLIGENCE

JET AIRWAYS

Head Quarters:Mumbai, IndiaRevenue:Rs 145,225.80 million / US$ 2,897.25 million (2010-11)

Key People: Naresh Goyal (Founder & Chairman); Nikos Kardassis (CEO)

Cleared for Take-off: Naresh Goyal, the aviation-entrepreneur behind Indias largest airline JeAirways, belongs to an era when Indian fliers had only state-owned Indian Airlines for domestictrips and Air India for international. The Founder-Chairman of Jet airways, who started off as atravel agent, worked in ticketing, reservations & sales for four Mideast carriers before becomingPhilippine Airlines' Indian regional manager. In 1974, Goyal started an airline services companyJetair, whose clients were foreign airlines that needed marketing studies and traffic analysis. Aspart of the ongoing diversification of his business activities, Goyal set up Jet Airways as a full-service scheduled airline to compete against state-owned Indian Airlines in 1991, taking advantage

of the opening of the Indian economy and the enunciation of the Open Skies Policy by the Government of India. JetAirways started commercial operations on 5 May 1993, with a fleet of four leased Boeing 737-300 aircraft.

The Flying Sun:Passionate about his business, Goyal sought out the best talent the world had on offer for hisairline and was clear that top jobs in the organisation, including the CEO, the COO & the head ofengineering, would be manned by expats.While the Indian airline industry was deregulated in 1992, many ruleswere left in place to favour Air India. After another round of reforms the airline industry took off, starting in 2004. FoGoyal, no longer content with being a domestic airline, this was the big moment to realize his aspirations of taking Jeglobal and take on the best in his business like Singapore Airlines, a company he was always in awe of. Starting in2005, Jet planned operations at a dozen international airports all the way from Brussels to San Francisco. In the yearsthat followed, Jet inducted close to 400 foreign pilots, almost 40% of its total strength. As far as Goyal wasconcerned, his ever growing cadre of expats was a badge of honour to be worn proudly. So while Goyal, with hispronounced Punjabi accent, exuded a rustic charm, his expat managers became his sophisticated, public face in globaforums or to raise Rs. 1,899 crore for a hugely successful IPO. The discipline, practices and experiences expatsintroduced benefited the airline tremendously. For instance, Nikos Kardassis, a Greek American who was thesecond CEO at the company, is credited with creating a global footprint for the airline though it operated only in IndiaHe engineered code shares with dozens of foreign airlines which enhanced the upstart airlines connectivity. ExpatCEOs also helped build the foundation for making Jet the carrier of choice for business fliers. Jets carefully structuredmileage programme was the envy of its rivals. In 2007, Jet bought budget airline Air Sahara, renaming it JetLite andopened a European hub in Brussels, Belgium, in a bid to increase Jets domestic and international revenues.

The Expat Obsession & LCC Threat:Even as Goyal kept carving one victory after another, there was somethingcreeping up behind him. Resentment against the expats & simmering discontent in the ranks plus low cosairlines, an idea he has always dismissed condescendingly. Both of which, he was blindsided to. For various reasonshe had always maintained that in India, low cost carriers (LCC) wouldnt work. He was wrong. They did. The numbersproved it. And when the global downturn hit home towards the end of 2008, passengers shifted en masse to thelowest cost options they had. Compelled to do a U-turn, Goyal launched a new low-fare flying service, Jet AirwaysKonnect, by taking away half the number of flights from his flagship brand, Jet Airways and then in a complete breakwith his business philosophy, he made Jet Konnect a low-cost carrier, setting prices that competed with the likes ofSpiceJet and Indigo.While Jet Konnect strategy may have helped Jet Airways hold market share at 28% fora while, it failed to make long-term business sense. And neither did JetLite, yet another low fare offeringextinguished by Jet recently in March 2012. Neither service had the operational efficiencies of a low-cost carrier likeIndigo, nor was their cost structure low enough to sustain a low-fare strategy.

INTELLIGENCE BYTES The largest Indian airline has not remained untouched in hard times of higher interest

rates, rupee depreciation and high fuel cost, grappling with losses & burdeningdebts in its income statement and balance sheet. The stock of the company whichmade a 52-week high of Rs 744.80 on January 11, 2011, plummeted by nearly 73%in exactly a year.

With the Directorate General of Civil Aviation giving airlines a 2013 deadline tophase out expatriate pilots, IndiGos growth threatening to dethrone Jet asthe countrys biggest domestic airline in terms of market share and significantlosses in 3 of the last 4 years for Jet, the Mumbai-based airline is on arelentless drive to cut costs, as it tries to straddle the full-service and low-fare models. Being the canny businessman that he is, Naresh Goyal has begun tolook at every strategic option that is there on the table, as he tries to rework hismagic with his team to keep his airline out of turbulence.


12/13

SOURCES

SOURCES FOR ECONOMIC INDICATORS, STATS & GRAPHS

http://www.bloomberg.com/markets/http://www.economist.com/blogs/graphicdetail/2012/05/daily-chart-4

SOURCES FOR COVER STORY:

http://www.firstpost.com/india/lessons-from-the-alex-paul-kidnap-on-dealing-with-maoists-298271.htmlhttp://www.hindustantimes.com/editorial-views-on/Edits/Held-hostage-by-ad-hocism/Article1-848149.aspxhttp://www.rediff.com/news/column/how-to-neutralise-the-maoist-challenge-column/20120507.htmhttp://www.dailypioneer.com/columnists/item/51519-is-india-losing-to-maoism?.html

http://www.deccanchronicle.com/editorial/dc-comment/maoist-claims-are-seen-be-hollow-872http://indiatoday.intoday.in/story/state-vs-maoists-abduction-strategy-alex-menon-jhina-hikaka/1/186077.html

SOURCES FOR PERSONALITIES OF THE WEEK:http://en.wikipedia.org/wiki/Jack_Welchhttp://www.ge.com/company/history/bios/john_welch.htmlhttp://www.woopidoo.com/biography/jack-welch.htmhttp://www.investingvalue.com/investment-leaders/jack-welch/index.htmhttp://www.buzzle.com/articles/biography-of-jack-welch.htmlhttp://www.freeinfosociety.com/article.php?id=38http://en.wikipedia.org/wiki/Chad_Hurleyhttp://www.biography.com/people/chad-hurley-201192?page=1#profilehttp://www.evancarmichael.com/Famous-Entrepreneurs/1172/The-Youngsters-Behind-YouTube-The-Early-Years-of-Chad-Hurley-and-Steve-Chen.htmlhttp://www.notablebiographies.com/newsmakers2/2007-A-Co/Chen-Steve-and-Hurley-Chad.html

http://www.youngentrepreneur.com/blog/modeling-masters/profile-on-chad-hurley/http://thenextweb.com/insider/2012/04/03/chad-hurley-on-the-future-of-delicious-and-youtubes-place-in-the-new-online-video-landscape/

SOURCES FOR ARTICLES (1-30)1. Hillary Clinton lauds India for reducing dependence on Iranian oil- ET 09 May

http://economictimes.indiatimes.com/news/politics/nation/hillary-clinton-lauds-india-for-reducing-dependence-on-iranian-oil/articleshow/13063882.cmshttp://www.thehindubusinessline.com/industry-and-economy/article3391003.ece?homepage=true

2. Iran, India biz talks begin amid US pressure The Hindu Business Line 08 Mayhttp://www.thehindubusinessline.com/industry-and-economy/government-and-policy/article3394034.ecehttp://www.thehindu.com/business/article3394615.ece

3. Rupee breaches 53 mark, may slide to 55 TOI 03 Mayhttp://timesofindia.indiatimes.com/business/india-business/Rupee-breaches-53-mark-may-slide-to-55/articleshow/12974364.cms

4. Pranab soothes frayed FII nerves, defers tax avoidance rules by a year- The Hindu Business Line 08 May http://www.thehindubusinessline.com/industry-and-economy/economy/article3393415.ece?homepage=truehttp://www.business-standard.com/india/news/gaar-fears-cost-indian-markets-10-bn-foreign-money/164318/on

5. Adidas may shut 200 India stores in addition to the Reebok outlets- The Economic Times 07 Mayhttp://economictimes.indiatimes.com/news/news-by-industry/services/retailing/adidas-may-shut-200-india-stores-in-addition-to-the-reebok-outlets/articleshow/13027847.cms

6. RIM bets on BlackBerry without keyboard to challenge Apple Bloomberg 03 Mayhttp://www.bloomberg.com/news/2012-05-02/rim-ceo-bets-on-blackberry-without-keyboard-to-challenge-apple.html

7. Deal done, but Biyani still bets big on fashion BS 03 Mayhttp://www.business-standard.com/india/news/deal-donebiyani-still-bets-bigfashion/473253/

8. Reliance Industries fined Rs 6,600 crore for KG-D6 output fall ET 04 Mayhttp://articles.economictimes.indiatimes.com/2012-05-04/news/31559336_1_oil-ministry-ril-executives-kg-d6

9. 2G: Telecom chiefs team up to take battle to govt The Hindu Business Line 03 May Aprhttp://www.thehindubusinessline.com/industry-and-economy/economy/article3376733.ece?homepage=true

10. Tata Realty and Infra to foray into hospitality BS 06 Mayhttp://www.business-standard.com/india/news/tata-realtyinfra-to-foray-into-hospitality/473540/

11. RBI eases FX inflows after rupee skids Reuters 05 Mayhttp://in.reuters.com/article/2012/05/04/rbi-inflows-idINDEE84308R20120504?type=economicNews12. Jet Airways collaborates with Disney Channel's summer campaign The Hindu Business Line 04 May

http://www.thehindubusinessline.com/industry-and-economy/logistics/article3384459.ece?ref=wl_industry-and-economy13. Cipla shocks rivals by slashing cancer drug prices up to 75% ET 04 May

http://articles.economictimes.indiatimes.com/2012-05-04/news/31573060_1_cancer-drug-iressa-sorafenib14. Accor to hire 1,100 employees in India Financial Express 03 May

http://www.financialexpress.com/news/accor-to-hire-1-100-employees-in-india/944970/0

15. Toyota kicks off Go Rural' drive; plans more dealerships in smaller cities- The Hindu Business Line 06Mayhttp://www.thehindubusinessline.com/companies/article3390887.ece?ref=wl_industry-and-economy

16. Indian handset companies like Micromax, Karbonn Mobiles eye low-cost smartphones- ET 08 Mayhttp://articles.economictimes.indiatimes.com/2012-05-08/news/31626641_1_shashin-devsare-karbonn-mobiles-smartphones
http://www.bloomberg.com/markets/http://www.economist.com/blogs/graphicdetail/2012/05/daily-chart-4http://www.firstpost.com/india/lessons-from-the-alex-paul-kidnap-on-dealing-with-maoists-298271.htmlhttp://www.hindustantimes.com/editorial-views-on/Edits/Held-hostage-by-ad-hocism/Article1-848149.aspxhttp://www.rediff.com/news/column/how-to-neutralise-the-maoist-challenge-column/20120507.htmhttp://www.dailypioneer.com/columnists/item/51519-is-india-losing-to-maoism?.htmlhttp://www.deccanchronicle.com/editorial/dc-comment/maoist-claims-are-seen-be-hollow-872http://indiatoday.intoday.in/story/state-vs-maoists-abduction-strategy-alex-menon-jhina-hikaka/1/186077.htmlhttp://en.wikipedia.org/wiki/Jack_Welchhttp://www.ge.com/company/history/bios/john_welch.htmlhttp://www.woopidoo.com/biography/jack-welch.htmhttp://www.investingvalue.com/investment-leaders/jack-welch/index.htmhttp://www.buzzle.com/articles/biography-of-jack-welch.htmlhttp://www.freeinfosociety.com/article.php?id=38http://en.wikipedia.org/wiki/Chad_Hurleyhttp://www.biography.com/people/chad-hurley-201192?page=1#profilehttp://www.evancarmichael.com/Famous-Entrepreneurs/1172/The-Youngsters-Behind-YouTube-The-Early-Years-of-Chad-Hurley-and-Steve-Chen.htmlhttp://www.evancarmichael.com/Famous-Entrepreneurs/1172/The-Youngsters-Behind-YouTube-The-Early-Years-of-Chad-Hurley-and-Steve-Chen.htmlhttp://www.notablebiographies.com/newsmakers2/2007-A-Co/Chen-Steve-and-Hurley-Chad.htmlhttp://www.youngentrepreneur.com/blog/modeling-masters/profile-on-chad-hurley/http://thenextweb.com/insider/2012/04/03/chad-hurley-on-the-future-of-delicious-and-youtubes-place-in-the-new-online-video-landscape/http://thenextweb.com/insider/2012/04/03/chad-hurley-on-the-future-of-delicious-and-youtubes-place-in-the-new-online-video-landscape/http://economictimes.indiatimes.com/news/politics/nation/hillary-clinton-lauds-india-for-reducing-dependence-on-iranian-oil/articleshow/13063882.cmshttp://economictimes.indiatimes.com/news/politics/nation/hillary-clinton-lauds-india-for-reducing-dependence-on-iranian-oil/articleshow/13063882.cmshttp://www.thehindubusinessline.com/industry-and-economy/article3391003.ece?homepage=truehttp://www.thehindubusinessline.com/industry-and-economy/government-and-policy/article3394034.ecehttp://www.thehindu.com/business/article3394615.ecehttp://timesofindia.indiatimes.com/business/india-business/Rupee-breaches-53-mark-may-slide-to-55/articleshow/12974364.cmshttp://timesofindia.indiatimes.com/business/india-business/Rupee-breaches-53-mark-may-slide-to-55/articleshow/12974364.cmshttp://www.thehindubusinessline.com/industry-and-economy/economy/article3393415.ece?homepage=truehttp://www.business-standard.com/india/news/gaar-fears-cost-indian-markets-10-bn-foreign-money/164318/onhttp://economictimes.indiatimes.com/news/news-by-industry/services/retailing/adidas-may-shut-200-india-stores-in-addition-to-the-reebok-outlets/articleshow/13027847.cmshttp://economictimes.indiatimes.com/news/news-by-industry/services/retailing/adidas-may-shut-200-india-stores-in-addition-to-the-reebok-outlets/articleshow/13027847.cmshttp://www.bloomberg.com/news/2012-05-02/rim-ceo-bets-on-blackberry-without-keyboard-to-challenge-apple.htmlhttp://www.business-standard.com/india/news/deal-donebiyani-still-bets-bigfashion/473253/http://articles.economictimes.indiatimes.com/2012-05-04/news/31559336_1_oil-ministry-ril-executives-kg-d6http://www.thehindubusinessline.com/industry-and-economy/economy/article3376733.ece?homepage=truehttp://www.business-standard.com/india/news/tata-realtyinfra-to-foray-into-hospitality/473540/http://in.reuters.com/article/2012/05/04/rbi-inflows-idINDEE84308R20120504?type=economicNewshttp://www.thehindubusinessline.com/industry-and-economy/logistics/article3384459.ece?ref=wl_industry-and-economyhttp://articles.economictimes.indiatimes.com/2012-05-04/news/31573060_1_cancer-drug-iressa-sorafenibhttp://www.financialexpress.com/news/accor-to-hire-1-100-employees-in-india/944970/0http://www.thehindubusinessline.com/companies/article3390887.ece?ref=wl_industry-and-economyhttp://articles.economictimes.indiatimes.com/2012-05-08/news/31626641_1_shashin-devsare-karbonn-mobiles-smartphoneshttp://articles.economictimes.indiatimes.com/2012-05-08/news/31626641_1_shashin-devsare-karbonn-mobiles-smartphoneshttp://www.thehindubusinessline.com/companies/article3390887.ece?ref=wl_industry-and-economyhttp://www.financialexpress.com/news/accor-to-hire-1-100-employees-in-india/944970/0http://articles.economictimes.indiatimes.com/2012-05-04/news/31573060_1_cancer-drug-iressa-sorafenibhttp://www.thehindubusinessline.com/industry-and-economy/logistics/article3384459.ece?ref=wl_industry-and-economyhttp://in.reuters.com/article/2012/05/04/rbi-inflows-idINDEE84308R20120504?type=economicNewshttp://www.business-standard.com/india/news/tata-realtyinfra-to-foray-into-hospitality/473540/http://www.thehindubusinessline.com/industry-and-economy/economy/article3376733.ece?homepage=truehttp://articles.economictimes.indiatimes.com/2012-05-04/news/31559336_1_oil-ministry-ril-executives-kg-d6http://www.business-standard.com/india/news/deal-donebiyani-still-bets-bigfashion/473253/http://www.bloomberg.com/news/2012-05-02/rim-ceo-bets-on-blackberry-without-keyboard-to-challenge-apple.htmlhttp://economictimes.indiatimes.com/news/news-by-industry/services/retailing/adidas-may-shut-200-india-stores-in-addition-to-the-reebok-outlets/articleshow/13027847.cmshttp://economictimes.indiatimes.com/news/news-by-industry/services/retailing/adidas-may-shut-200-india-stores-in-addition-to-the-reebok-outlets/articleshow/13027847.cmshttp://www.business-standard.com/india/news/gaar-fears-cost-indian-markets-10-bn-foreign-money/164318/onhttp://www.thehindubusinessline.com/industry-and-economy/economy/article3393415.ece?homepage=truehttp://timesofindia.indiatimes.com/business/india-business/Rupee-breaches-53-mark-may-slide-to-55/articleshow/12974364.cmshttp://www.thehindu.com/business/article3394615.ecehttp://www.thehindubusinessline.com/industry-and-economy/government-and-policy/article3394034.ecehttp://www.thehindubusinessline.com/industry-and-economy/article3391003.ece?homepage=truehttp://economictimes.indiatimes.com/news/politics/nation/hillary-clinton-lauds-india-for-reducing-dependence-on-iranian-oil/articleshow/13063882.cmshttp://economictimes.indiatimes.com/news/politics/nation/hillary-clinton-lauds-india-for-reducing-dependence-on-iranian-oil/articleshow/13063882.cmshttp://thenextweb.com/insider/2012/04/03/chad-hurley-on-the-future-of-delicious-and-youtubes-place-in-the-new-online-video-landscape/http://thenextweb.com/insider/2012/04/03/chad-hurley-on-the-future-of-delicious-and-youtubes-place-in-the-new-online-video-landscape/http://www.youngentrepreneur.com/blog/modeling-masters/profile-on-chad-hurley/http://www.notablebiographies.com/newsmakers2/2007-A-Co/Chen-Steve-and-Hurley-Chad.htmlhttp://www.evancarmichael.com/Famous-Entrepreneurs/1172/The-Youngsters-Behind-YouTube-The-Early-Years-of-Chad-Hurley-and-Steve-Chen.htmlhttp://www.evancarmichael.com/Famous-Entrepreneurs/1172/The-Youngsters-Behind-YouTube-The-Early-Years-of-Chad-Hurley-and-Steve-Chen.htmlhttp://www.biography.com/people/chad-hurley-201192?page=1#profilehttp://en.wikipedia.org/wiki/Chad_Hurleyhttp://www.freeinfosociety.com/article.php?id=38http://www.buzzle.com/articles/biography-of-jack-welch.htmlhttp://www.investingvalue.com/investment-leaders/jack-welch/index.htmhttp://www.woopidoo.com/biography/jack-welch.htmhttp://www.ge.com/company/history/bios/john_welch.htmlhttp://en.wikipedia.org/wiki/Jack_Welchhttp://indiatoday.intoday.in/story/state-vs-maoists-abduction-strategy-alex-menon-jhina-hikaka/1/186077.htmlhttp://www.deccanchronicle.com/editorial/dc-comment/maoist-claims-are-seen-be-hollow-872http://www.dailypioneer.com/columnists/item/51519-is-india-losing-to-maoism?.htmlhttp://www.rediff.com/news/column/how-to-neutralise-the-maoist-challenge-column/20120507.htmhttp://www.hindustantimes.com/editorial-views-on/Edits/Held-hostage-by-ad-hocism/Article1-848149.aspxhttp://www.firstpost.com/india/lessons-from-the-alex-paul-kidnap-on-dealing-with-maoists-298271.htmlhttp://www.economist.com/blogs/graphicdetail/2012/05/daily-chart-4http://www.bloomberg.com/markets/


13/13

17. TCS is fourth most-valued IT services brand globally- BS 08 Mayhttp://www.business-standard.com/india/news/tcs-is-fourth-most-valued-it-services-brand-globally/473725/

18. Nissan checks out what Indian women drivers want- The Hindu Business Line 07 Mayhttp://www.thehindubusinessline.com/companies/article3394431.ece

19. Air India forced to cancel flights as 100 pilots "call in sick"- Reuters 09 Mayhttp://in.reuters.com/article/2012/05/08/airindia-idINDEE84704X20120508

20. Dunkin' Donuts enters India- BS 09 Mayhttp://www.business-standard.com/india/news/dunkin/-donuts-enters-india/473838/

21. Socialist Francois Hollande defeats Nicolas Sarkozy in French prez election - FoxNews.com 06 Mayhttp://www.foxnews.com/world/2012/05/06/sarkozy-expected-to-be-defeated-as-polls-open-across-france-in-presidential/

22. Oil drops below $100 first time since February ET 04 Mayhttp://articles.economictimes.indiatimes.com/2012-05-04/news/31572819_1_benchmark-west-texas-intermediate-oil-price-information-service-phil-flynn

23. Formula One IPO all set to take off? Firstpost.com 04 Mayhttp://www.firstpost.com/investing/formula-one-ipo-all-set-to-take-off-298752.html?utm_source=moneycontrol.com&utm_medium=RHS-Widget

24. Asian markets retreat on Greece bailout uncertainty Reuters 09 Mayhttp://in.reuters.com/article/2012/05/09/markets-global-idINDEE84800220120509

25. America Movil offers $4.2 bn for KPN stake Financial Express 09 Mayhttp://www.financialexpress.com/news/america-movil-offers-4.2-bn-for-kpn-stake/947068/

26. Tata Motors tests vehicles running on air- BS 08 Mayhttp://www.business-standard.com/india/news/tata-motors-tests-vehicles-runningair/473729/

27. Does govt needs US to pacify Mamata, asks CPI(M)- The Financial Express 08 Mayhttp://www.financialexpress.com/news/does-govt-needs-us-to-pacify-mamata-asks-cpim/946910/

28. Antique whisky gives investment high to Indians- ET 09 Mayhttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/liquor/antique-whisky-gives-investment-high-to-indians/articleshow/13057851.cms

29. Hindustan Unilever sets up insights centre to study how Indians shop - ET 07 Mayhttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hindustan-unilever-sets-up-insights-centre-to-study-how-indians-shop/articleshow/13028965.cms

30. Wealthy Americans queue to give up their passports Bloomberg 03 Mayhttp://www.bloomberg.com/news/2012-05-01/wealthy-americans-queue-to-give-up-passports-in-swiss-capital.html

CORPORATE INTELLIGENCE SOURCES JET AIRWAYS

http://www.jetairways.com/EN/IN/InvestorRelations/financials.aspxhttp://forbesindia.com/article/briefing/here-is-why-jetlite-does-not-exist-any-more/32728/0?id=32728&pg=0http://forbesindia.com/article/boardroom/jet-and-kingfishers-return-flight/31082/0http://forbesindia.com/article/boardroom/naresh-goyal-is-flying-solo/5312/0http://www.jetairways.com/EN/VN/AboutUs/ChairmanProfile.aspxhttp://www.goodreturns.in/news/2012/01/11/year-jet-airways-tumbles-73.htmlhttp://www.rediff.com/business/report/jet-freezes-expat-pilot-hiring/20120507.htmhttp://en.wikipedia.org/wiki/Jet_Airways
http://www.business-standard.com/india/news/tcs-is-fourth-most-valued-it-services-brand-globally/473725/http://www.thehindubusinessline.com/companies/article3394431.ecehttp://in.reuters.com/article/2012/05/08/airindia-idINDEE84704X20120508http://www.business-standard.com/india/news/dunkin/-donuts-enters-india/473838/http://www.business-standard.com/india/news/dunkin/-donuts-enters-india/473838/http://www.foxnews.com/world/2012/05/06/sarkozy-expected-to-be-defeated-as-polls-open-across-france-in-presidential/http://articles.economictimes.indiatimes.com/2012-05-04/news/31572819_1_benchmark-west-texas-intermediate-oil-price-information-service-phil-flynnhttp://articles.economictimes.indiatimes.com/2012-05-04/news/31572819_1_benchmark-west-texas-intermediate-oil-price-information-service-phil-flynnhttp://www.firstpost.com/investing/formula-one-ipo-all-set-to-take-off-298752.html?utm_source=moneycontrol.com&utm_medium=RHS-Widgethttp://www.firstpost.com/investing/formula-one-ipo-all-set-to-take-off-298752.html?utm_source=moneycontrol.com&utm_medium=RHS-Widgethttp://in.reuters.com/article/2012/05/09/markets-global-idINDEE84800220120509http://www.financialexpress.com/news/america-movil-offers-4.2-bn-for-kpn-stake/947068/http://www.business-standard.com/india/news/tata-motors-tests-vehicles-runningair/473729/http://www.financialexpress.com/news/does-govt-needs-us-to-pacify-mamata-asks-cpim/946910/http://economictimes.indiatimes.com/news/news-by-industry/cons-products/liquor/antique-whisky-gives-investment-high-to-indians/articleshow/13057851.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/liquor/antique-whisky-gives-investment-high-to-indians/articleshow/13057851.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hindustan-unilever-sets-up-insights-centre-to-study-how-indians-shop/articleshow/13028965.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hindustan-unilever-sets-up-insights-centre-to-study-how-indians-shop/articleshow/13028965.cmshttp://www.bloomberg.com/news/2012-05-01/wealthy-americans-queue-to-give-up-passports-in-swiss-capital.htmlhttp://www.bloomberg.com/news/2012-05-01/wealthy-americans-queue-to-give-up-passports-in-swiss-capital.htmlhttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hindustan-unilever-sets-up-insights-centre-to-study-how-indians-shop/articleshow/13028965.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/hindustan-unilever-sets-up-insights-centre-to-study-how-indians-shop/articleshow/13028965.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/liquor/antique-whisky-gives-investment-high-to-indians/articleshow/13057851.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/liquor/antique-whisky-gives-investment-high-to-indians/articleshow/13057851.cmshttp://www.financialexpress.com/news/does-govt-needs-us-to-pacify-mamata-asks-cpim/946910/http://www.business-standard.com/india/news/tata-motors-tests-vehicles-runningair/473729/http://www.financialexpress.com/news/america-movil-offers-4.2-bn-for-kpn-stake/947068/http://in.reuters.com/article/2012/05/09/markets-global-idINDEE84800220120509http://www.firstpost.com/investing/formula-one-ipo-all-set-to-take-off-298752.html?utm_source=moneycontrol.com&utm_medium=RHS-Widgethttp://www.firstpost.com/investing/formula-one-ipo-all-set-to-take-off-298752.html?utm_source=moneycontrol.com&utm_medium=RHS-Widgethttp://articles.economictimes.indiatimes.com/2012-05-04/news/31572819_1_benchmark-west-texas-intermediate-oil-price-information-service-phil-flynnhttp://articles.economictimes.indiatimes.com/2012-05-04/news/31572819_1_benchmark-west-texas-intermediate-oil-price-information-service-phil-flynnhttp://www.foxnews.com/world/2012/05/06/sarkozy-expected-to-be-defeated-as-polls-open-across-france-in-presidential/http://www.business-standard.com/india/news/dunkin/-donuts-enters-india/473838/http://in.reuters.com/article/2012/05/08/airindia-idINDEE84704X20120508http://www.thehindubusinessline.com/companies/article3394431.ecehttp://www.business-standard.com/india/news/tcs-is-fourth-most-valued-it-services-brand-globally/473725/

XED CA Newsletter Week 5 May 03- May 09

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Transcript of XED CA Newsletter Week 5 May 03- May 09