Xed CA Newsletter Week Jan 10 - Jan 16

7/30/2019 Xed CA Newsletter Week Jan 10 - Jan 16

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NEWSLETTER2 Pages 10th Jan 2013 16th Jan 2013 www.xedintellect.com

BUSINESS NEWS

ECONOMIC INDICATORS 2 COVER STORY 3 PERSONALITIES OF THE WEEK 4INDUSTRY ANALYSIS 5 NEWS ANALYSIS 6 NEO CORNER 11

NEWS DIGEST

IN BRIEF

PERSONALITIES OF

THE WEEK

INDUSTRY ANALYSIS

BSE Sensex

19,986.82Brent Crude

$111.22/barre(as on 15 Jan 2012)

ECONOMIC

INDICATOR

Volatile emerging markets toprisk for 2013,

India at 9th: Eurasia Group

COVER STORY

SpiceJet unleashes fare war

with cheaper tickets, servercrashes on booking rush

GLOBAL NEWS

Dell may go private with a

potential buyout by PE firms

MichaelBloomberg

a weekly news bulletin

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MISCELLANEOUS NEWS

Join us on Facebook

ShiShar

GLOBAL LOGISTICS

INDUSTRY

PART ONE
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A share buy-back is a repurchase of outstanding shares from investors in the open market by a company using its surpl

cash within a stipulated time frame. Shares are bought back at their prevailing market prices or at a premium to mark

price, but not exceeding the maximum buyback price. Companies will buy back shares either to increase the value

shares still available (reducing supply), or to eliminate any threats by shareholders who may be looking for a controlli

stake. It may also be done to improve the financial ratios of the company. Buybacks are also used by companies to retu

surplus cash to shareholders or provide support for the share price during periods of temporary weakness.

BSE Sensex - 19,986.82 (up 80.41 points) & Nifty 6,056 (up 32.55 points) as on 15 Jan 2012 Moneycontrol.coBSE Sensex topped the 20,000-mark for the first time since January 7, 2011, touching an intra-day high of 20,036.8before settling at 19,986.82. The Nifty rose 32.55 points to close at 6,056, its highest closing since January 5. Stroncorporate earnings reported so far and expectations of a generous rate cut by the RBI lifted the Sensex and Nifty two-year highs on Tuesday.

Brent Crude - $111.22 per barrel (up 27 cents) as on 15 Jan 2012 Washington PoOil prices were nearly unchanged Tuesday after industrial production shrank in the 17 countries that use the eurraising concerns of a prolonged recession in the region. Brent crude rose 27 cents to $111.22 per barrel on the ICFutures exchange in London.

THE worlds growth continued to slow in the third quarter of last year, according toThe Economist's measure of globGDP, based on 52 countries. Global growth fell by 0.4 percentage points from the previous quarter to 2.4%, its lowelevel since the end of 2009. Emerging economies accounted for four-fifths of global GDP growth. Developed countrieweighed down by a slow recovery in America and the ongoing euro crisis, contributed little. The coming year expected to be much the same. The three economies forecast to contract the most in 2013 are all euro membe(Greece, Portugal and Spain), while the fastest growers (Macau, Mongolia and Libya) are all emerging economies.

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Kingfisher Airlines is busy these days trying to convince DGCA that it still possesses the fire power to run its services.submitted NOCs issued to it, by all oil and leasing companies to this effect on Wednesday. DGCA is not convinceneither are the airport operators. However, one ray of hope is still left for the company. There is a core group meetischeduled on Friday (Jan18) in which KFA will probably have its best chance to convince lenders to allow it to run airlines this summer. The core group is formed by lenders such as SBI, PNB, Bank of India, Bank of Baroda, IDBI aUnited Bank of India. Their interest in the meeting lies in the fact that KFA is probably amongst the most talked aboBad Debt on their books. In all, 14 banks have a 7,000 crore exposure to the defunct Airline. It may be recalled that

similar effort in which Mallya himself made a presentation about KFAs revival plan hfailed in December last year.

It is not the first time that KFA is opting for a CDR (Corporate Debt Restructuring). 2010, the airline had avoided a collapse by restructuring 77.2 billion of its debt. KFthough most high profile, is just one among many such Indian companies that havfallen for CDR.Hindustan Construction Co, Suzlon Energy and Hotel Leelaventure Lare other well known firms grabbing headlines for their restructuring processes.Statrun power utilities, infrastructure and textile companies are the ones having the largeshare in CDR. Some experts believe that the CDR process is too lenient on borrowerMoreover, the asset quality of state run lenders (SBI, PNB and other PSBs) is woaffected by this process which gives borrowers relaxations such as a longer maturitielower interest rates and a moratorium on payments.

Genesis of CDR in IndiaThe CDR cell of RBI was formed in Aug 2001 to provide support to firms which were under

temporary financial hardship in most cases lack of liquidity. It was planned that CDRshouldnt be allowed to be misused by banks, corporates or wilful defaulters. For ensuring this,a CDR mechanism was devised. The mechanism entails that a proposal can be considered byCDR cell only when it has the backing of at least 75 per cent of the banks (by value) and 60 percent of lenders (by number). However, there has been a rapid surge in the CDR requests in lastfew years. The CDR Cell received 466 requests for restructuring 2.45 lakh crore in loans as of

Sep30, 2012. Thats more than double the 95 thousand crore worth of restructuring requestsreceived till March 31, 2009. Further, CRISIL has projected that CDR assets may touch 3.25

lakh crore (13 times Indias annual budget for roads) by the end of the current fiscal (FY 2012-13). This means that nearly six percent of Indias total bank loans may be restructured over thetwo-year period.

Even with easier terms, borrowers have defaulted on payments on 15 percent of these loanssince 2009. CRISIL suspects that there would be additionaldefaults worth 500 billion in the coming days. At best, most

of this debt restructuring has delayed the eventual collapse ofthe firms. On the other hand, banks are also in deeper trouble.PSBs have been more open to the entire CDR process thantheir private counterparts. This is because it provides them anopportunity to convert their loans into restructuring packages,which otherwise would have to be listed as an NPA. As a result,it is rarely checked if a CDR is viable or not.

RBI is aware of this trend and has taken steps to curb unjustified CDRs. One of its panels inJune suggested some of the steps to curtail credit defaults. It recommended an increase, in theprovisions that banks must set aside for restructured loans, to 5 percent. For publicly heldcompanies, the panel suggested a limit on the amount of liabilities that can be converted toequity. Acting on these proposals, RBI in its second quarter policy in October raised theprovisioning for restructured standard assets to 2.75 percent from the earlier 2 percent.

Some positive aberrationsAmid all its loopholes, the CDR cell of RBI has been able to achieve its objectives in some cases.One of the best known example is that of Wockhardt a Mumbai based pharmaceutical andbiotech firm whose 3,300 crore worth of debt was restructured in Apr-2009. Since then, the firm has adoptaggressive strategies including selling of its non-core assets. As a result, the firm has been able to exit the Cschedule much before its term end in 2018. Statistics suggest nearly 85 per cent of cases referred to the CDR cell aable to meet their obligations while 40 per cent of these are successfully revived.

RBI believes that, CDR Cell has been able to serve its purpose effectively. Its future will depend upon the ethics aintegrity of its members and the professionals involved in the restructuring process. For reaching the wider sections economic strata, the CDR Cell needs to focus more on SMEs and priority sector, which unfortunately has beeoverlooked over the years and thus needs special attention.


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Michael Bloomberg- US business magnate, Politician & Philanthropist

The 15th richest man in the world and called by many as the King of New York, MichaBloomberg is one of the rare breeds of Wall-Street businessmen who are enormously successand popular as politicians. As New York Citys 108th Mayor, Bloomberg has gallantly led the city the aftermath of the 9/11 attacks and, through his innovative schemes and initiatives, ensured thbusinesses stayed in New York and provided employment, raised standards of the public schoolisystem, revived and strengthened key industries, helped reduce the level of job losses, tried reduce poverty and brought about positive changes in public health which increased the lexpectancy of New Yorkers by 19 months.

Bloomberg was born on Valentines Day in 1942 in Boston. He grew up in a middle class Jewihome where his father worked for seven days a week as a book-keeper to provide for the family.brilliant student from a young age, Bloomberg struggled to put himself through prestigiouniversities like John Hopkins University from where he graduated in 1964 with a degree electrical engineering-taking out student loans and working as a parking attendant to fund hstudies. He followed up the degree with a Masters in Business Administration from HarvaBusiness School in 1966. He started his Wall-Street career with a low-paying job in SalomBrothers vaults, working his way up to become Head of Equity Trading and Sales and eventuallyfull-fledged partner in 1972. In 1981, a $10 million severance package received as a result of tmerger of Salomon Brothers enabled Bloomberg to launch his own information technologcompany (Bloomberg L.P.) which was intended, in his own words, to bring transparency anefficiency to the sellers and buyers of financial instruments. An investment and order worth $million from Merrill Lynch for 22 of Bloombergs MarketMaster terminals symbolized the first bre

for the company which eventually came to be valued at $2 billion only eight years after its launch

As his terminals became must-haves for any serious financial company, Bloomberg diverted hattention to other spheres of influence-politics, media and philanthropy-and won his first mayoelection in 2002 (and was consequently re-elected for three consecutive terms). Consideredliberal Republican, he draws a yearly salary of only $1 and regularly rides the sub-way to work.firm believer in giving back to society, Bloomberg has given over $2.4 billion as patronage causes in public health, environment, arts, education, etc. A trained pilot, Bloomberg has a passifor flying helicopters and with his influence extending beyond NYCs border limits, he is far froexpected to disappear after his third and final term ends.

Shikha Sharma- MD & CEO, Axis Bank

Considering the fact that Shikha Sharma is not a greatly heighted person, her personality impos

itself over others and makes an immediate and lasting impression. Given the fact that she among the few female executives who have moved into banking boardrooms (hitherto a mabastion), she has succeeded, time and again, in silencing her critics and proving her worth. Undher leadership, ICICI Prudential became a leading player in the life insurance business and sheconfident that her strategy of recasting Axis Banks business along customer lines (rather thproduct lines) will help the bank continue beating the industry growth rate and in sustaining profit margins.

Born to an Army officer, Sharmas disciplined upbringing and attitude was constant throughout hcareer and helped her consider every difficult job that came her way as a healthy challengGraduation in Economics from Delhi University was followed by a post-graduate diploma software technology from the National Institute of Software Technology, Mumbai and topped off an MBA from IIM, Ahmadabad. Never shy about discussing her failures, Sharma has no qualmabout admitting that she was denied a job by all major global banks on Day Zero of threcruitment drive at IIM-A because of her permanent inability to oversell herself. In 1980, s

joined ICICI which became her second home for 29 years. Sharma worked for the overdevelopment of the organization and was instrumental in setting up various group businessincluding the banks investment banking, retail finance and insurance arms. Her lateral thinkicapacity and creative ideas (which she claims she learnt from her husband) brought her into tlimelight and she was almost unanimously selected to take over Axis Bank in June 2009.

Sharma does not believe in keeping up physical appearances and the frugal look & feel of hcorner office is exactly the same as offices of other senior executives at Axis Bank. Bursting wiconfidence, she has transformed the bank into a full blown financial services firm with retail as was corporate focus and aims to make it the JP Morgan of India. Sharma considers Steve Jobs to bthe most successful businessman and regrets not being able to spend enough time with hchildren in her quest to reach to the top. A strict follower of the six-day week, Sharma unwinds reading Mills & Boon novels, watching Hindi movies (which she says are great stress busters) anlearning Hindustani classical music.

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"Taxes are

not good

things, but if

you want

services,

somebody's

got to pay for

them, so

they're a

necessary

evil."

The

advantage of

being a CEOis that you

build your

own culture.

In any case, a

CEOs job is a

lonely one

and Im used

to it,


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Overview: The global logistics industry is estimated to be over $1,000 billion. It hasseen a growth of 28% in the past five years. The logistics industry was badly affectedby the 2008 recession and is now trying to pick up pace amid the global economicdownturn. Marine freight is the biggest segment in the global logistics industry. It isgrowing at a slower rate of 1.5% and has earned revenues over $350 billion in 2011(estimated). Rail transport has been growing steadily at the compounded annualgrowth rate of 3.7%. The most expensive transport mode - air freight - has also seen aslow growth at 1.9%. Marine freight also known as merchant shipping carries out 90%of the international trade with over 1 lakh commercial ships including containerships

sailing in international waters.

Statistics: According to the 2011 trade statistics by World Trade Organization, the European region accounted for thighest cross border merchandise trade at over $13.4 trillion. The Asian region ranked second with trade figurtouching $11 trillion. The Americas region fell way behind the top two with trade figures at $7 trillion due to the globeconomic slowdown and the predicted fiscal cliff in the United States.

However in 2012, post the Eurozone crisis, the scenario changed completely. The 2013 Agility Emerging MarkeLogistics Index presented a different picture altogether of the international trade. The index ranks world economi

according to their attractiveness for investments by the logistics companies. T2012 data suggests that emerging markets in the Americas and Asia region great an average of 4.4%. The growth in the US was dismal at 2.2% and thEuropean region contracted by 0.2%. The air and ocean freight volumes droppsignificantly. But the industry sentiment is positive towards the developi

nations which shall offer better opportunities to the logistics sector in both shoterm and long term.

Chinese exports to the US surpassed the European ones, thus making US tbiggest importer of Chinese goods in 2012. The Eurozone crisis marked tdownfall of trade activities. Ocean and air freight revenues dropped by 10% a12% respectively in 2012. Many industry experts and analysts have said thatexcept a few countries in the European region, others shall experience a flat contracted growth in 2013.

In terms ofBRIC economies, China is the most sought after destination for investment by logistic companies followby India and Brazil. Russias economic outlook is also positive. The country should shift its dependency on energy anmining sector for sustainable growth in the future. Turkey emerged as a high potential market with comparatively lebarriers to entry. Mexico with its location (proximity to the US and European markets) and low cost labor advantage

one of the most attractive destination for sourcing merchandise.

Future Trends: In 2012, research agency Gartner published a report outlining the trends that will be seen by 2016. An increasing number of world economies are becoming environment conscious and are in the process of imposi

carbon tax on emissions. Thus, over 50% of the global logistics companies will have to report their verifieenvironmental data. They will also have to shift their focus on sustainable logistics.

As the supply chain risk is growing, the logistics companies will have to appoint Chief Compliance and RiManagement Officers.

Logistics companies are still struggling to synchronize the functional and application silos. So, about 20% of tsupply chain companies are likely to adopt a supply chain executive convergence strategy.

After reaching its peak in the last decade, the global trade as percentage of GDP will experience a downward faThe logistics companieswill have to adopt astrategy to optimize

the internationalmerchandise flows.Companies would seeknew sourcing hubs inorder to attaineconomies of scale.Thus, logistic companieswill also have to chalkout strategies that wouldhelp merchandisecompanies achieve theirgoals.

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1) Dubai-based Marina Home to invest Rs 500 cr in India - ETIMPACT: Marina Home, the Dubai-based company dealing in home furnishing products is planning to invest Rs.5crore in the Indian market. The company wants to open around 50 stores throughout the country in the next five yearand expects its turnover to clock Rs.300 Rs.400 crore in the first year itself. "We plan to invest Rs 500 crore in tnext five years in India. Our target is to have 50 stores comprising large andmedium size boutique stores across metro, tier I, tier II and tier III cities in thecountry, "Marina Gulf and Marina Home co-founder and co-owner KhurshidVakil told PTI. He added that the company would be funding the expansion inIndia through its internal accruals. The company recently started its first Indian

store in New Delhi and has already pumped in around Rs.100 crore forinfrastructure, logistics and distribution set up. Marina Home sells entire rangeof home interior products including living room accessories, lighting andfixtures and has stores across the Middle East.

KEY PLAYERS: Marina Home, India

WHY IT IS IMPORTANT Marina Home's investment plans underscore the importance of emerging markets for growhungry foreign companies. Major corporations are already making a beeline for Asia and India is one of the strongeeconomies of the region, making it a vital destination for their business plans. It also signals the faith of outsicompanies in the Indian growth story despite a lacklustre economic performance in 2012, pointing to the fact that tfundamentals of the economy still remain strong and economy is bound to recover

2) Government wants to sell TCIL in current fiscal- Business Standard

IMPACT: The Government is making all efforts to complete the sale of Tyre Corporation of India Limited (TCIL) and hshortlisted three potential buyers for the company. Officials have indicated the Department of Divestment is worki

hard to complete a 100% stake sale of the ailing PSU in the current fiscal itseHowever, since the process of outright sale takes more time, the sale might completed in the next fiscal. The DoD has appointed SBI Capital Markets as advisor for managing the sale process. SBI Capital Markets has called a meetion Januray 25 and the final bidding may take place in mid-February. PawaKumar Ruia led Ruia Group, J.P. Chowdhary headed Titagarh Group and SanjBudhia's Patton, are the three contenders shortlisted for final biddinIncorporated in 1984, TCIL is wholly-owned by the Union government amanufactures automotive tyres in West Bengal. In July 2011, the Department Heavy Industries had prepared a proposal for a complete sale of TCIL.

KEY PLAYERS:Tyre Corporation of India Limited, Department of Divestment

WHY IT IS IMPORTANTTCIL had been declared a sick company as long back as 1992 and its complete divestmewas approved in 2008. The company has been reporting losses for the past several years, including a loss of Rs.20.7crore in FY 2011-12. The sale will help the government realise its divestment target of Rs.30,000 crore for the currefiscal.

3) Supreme Court extends deadline for Telecom companies to shut operations - ETIMPACT: In a small breather for telecom companies with cancelled licenses, the Supreme Court has extended tJanuary 18 deadline by two weeks for shutting down operations. The two judge bench of Justices GS Singhvi and KRadhakrishnan extended the deadline till February 4, the next date of hearing, and said the companies can continoperations till then. All mobile operators whose licenses were cancelled by theSupreme Court in February last year were earlier directed by the court to closeoperations by January 18 unless they had acquired new licenses in the recentspectrum auctions. The judges also hinted that the court may not extend licenses

of the companies any further if they did not bid for the upcoming auction ofairwaves. The Department of Telecom had last week asked the apex court toextend the January 18 deadline by three months till the new auctions in March,which may provide the last hope for Russias Sistema and Norways Telenor tostay in the Indian market.

KEY PLAYERS: Supreme Court, Department of Telecom, Sistema, Telenor

WHY IT IS IMPORTANT The cancellation of telecom licenses by the Supreme Court last year had rattled tinvestment sentiment of foreign corporations in India and also caused major upheaval in the telecom industry in IndRussia and Norway have threatened international arbitration if the investment by their companies goes waste. Tsaga continues with the recent auction failing to entice spectrum bidders including Uninor, which has decided to wind operations in some circles but hopes to remain present in others.

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4) Volatile emerging markets top risk for 2013, India at 9th: Eurasia Group - Financial ExpressIMPACT: According to a study conducted by the Eurasia Group, the worldleading firm in global political risk research and consulting, increased volatilacross emerging markets will be the top-most risk of the year 2013. India alfigures in the list with its uncertain policy making environment ranked as the top risk for global economy in 2013. As per the study, the second modangerous threat to global economy is posed by Chinas fight against tdissemination of information, particularly from the cyberspace. Other factors the top 10 include Arab Summer (3rd), issues related to Washington Politi(4th), JIB Japan, Israel and Britain (5th), Europe (6th), East Asian Geopolit

(7th), Iran (9th) and South Africa (10th). The report cites the approachiGeneral Elections in 2014 as a cause for increase in political opportunism a

obstructionism, resulting in a decline in the governments ability to implement robust economic policies. Although treport hopes economic reform might improve after elections, it says the more likely outcome is a fractured verdresulting in a weak ruling coalition.

KEY PLAYERS: Eurasia group, India

WHY IT IS IMPORTANTThe study assumes significance in the light of slowing economic growth in India, attributed a widely assumed policy paralysis in the central government. There is need for consolidation of political will to brIndia back on track.

5) Fiat likely to launch LCVs in India - Financial ExpressIMPACT:Fiat Motors, Italys top manufacturer of automotives, is likely to enter

the Light Commercial Vehicle (LCV) market in India. The company is conducting amarket study to launch the Fiat Professional brand of utility/passenger vans andsmall pick-up trucks in India. Fiat already has a presence in the Indian passengercar market with the Punto and Linea models. The incumbents are very strong inthe segment, but it represents a huge potential market for us. We are looking athow to bring products at the right competitive price. It may require significantinvestments in local production and suppliers, but if we can show volumes, themoney is available, said Enrico Atanasio, Managing Director of Fiat GroupAutomobiles India. Tata Motors is the leader in the Indian LCV market with amarket share of 57% followed by Mahindra and Mahindra, Ashok Leyland, Force Motors and Piaggio. Fiat is alstudying the market for Iveco brand of trucks and buses.

KEY PLAYERS:Fiat Group Automobiles India, Light Commercial Vehicles

WHY IT IS IMPORTANTTheLCV segment in India has reported a 15% rise in volumes between April and Decemb2012. Hence, an increasing number of automakers including GM and Maruti Suzuki are eyeing an entry into the markfor a share of the pie. Also, Fiat has undertaken rapid expansion with multiple brands after the end of its marketing andistribution partnership with Tata Motors.

6) GAAR implementation deferred by two years- Business StandardIMPACT: To the relief of foreign investors, the government has deferred tGeneral Anti-Avoidance Rules (GAAR) by two years, making them effective froassessment year 2016-17. According to the Finance Ministry, GAAR wouoverride the double-taxation avoidance agreement if an arrangement was madwith the sole intention of avoiding taxes. However, experts say those comiunder the Indo-Singapore tax treaty and those having tax residency certificatfrom Mauritius would escape GAAR. GAAR will not be invoked on peopinvesting in stock markets through participatory notes. The modified GAA

provisions hold an arrangement impermissible, if its main purpose is to obtatax benefit. The earlier provisions considered an arrangement impermissible

one of its main purposes was obtaining tax benefit and if the tax benefit in tarrangement is more than Rs.3 crore. Also, non-resident foreign institution

investors would be exempt from GAAR along with those who dont take tax benefit under a treaty. GAAR will applyan income after the assessment year starting April 1, 2016, on investments made after August 2010. Investmenmade before 30th August 2010 will not be taxed even if profits are made after April 2016.

KEY PLAYERS: GAAR, Mauritius, Singapore, Finance Ministry

WHY IT IS IMPORTANT All major recommendations of the Parthasarathi Shome committee have been accepted the Finance Ministry, with some deviations. Finance Minister P Chidambaram is scheduled to proceed on visits Singapore and Europe from January 22, and the decision on GAAR will help him clear the air on taxes and reassuinvestors.


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7) Dell may go private with a potential buyout by PE firms -ReutersIMPACT: US based computer manufacturer Dell Inc is in talks with private equityfirms for a potential buyout, two sources familiar with the matter have revealed. Thefirms are now holding discussions with Chief Executive and founder Michael Dell, whoowns around 14 per cent of the company. The potential deal could be structured as amanagement-led buyout with Michael Dell at the helm. Earlier, the Wall StreetJournal had cited unidentified sources saying PE firms TPG and Silver Lake Groupcould join hands to make an offer, with the inclusion of other investors like pensionfunds. JPMorgan Chase & Co is also said to be involved in the ongoing negotiations.Talks have been progressing for two to three months now, heating up in December

last year so much so that a deal may come through in six weeks time. Dell declinedto comment on the reports calling it rumours and speculation. The company hassteadily lost market share to Hewlett Packard and Lenovo, with IDC reporting a 21% decline in Dells PC shipments fthe fourth quarter, while its profit slid 47% in the third quarter.

KEY PLAYERS: Dell Inc., TPG, Silver Lake Group

WHY IT IS IMPORTANT Dell has lost 40 per cent of its value since the peak of last year and is trying to reinvent itsin a market hit by the onslaught of smartphones and tablet devices. Analysts think that the company has lost so mucvalue that taking it private is now a plausible idea. Dells share rose to an eight month high on news of the buyout talk

8) Railway Minister Bansal effects all-round rail fare hike The HinduIMPACT:In a long overdue move, Indian Railways is all set to hike its fares across all classes (including the politicalsensitive non-AC second class fares) from January 21 midnight. Reiterating the fact that the proposed hike will not

roll-backed (unlike the last time), Railway Minister Pawan Kumar Bansal said that the increased fares will earn trailways Rs 1,200 crore in a short period of ten weeks-a part of which would be used on the safety and security passengers and railway property and a part on the Railways special cleanliness drive of a 100 railway stations. The hi(ranging from 2 paise a km for second class ordinary (suburban) to 10 paise a km for AC chair-car and first class)

expected to generate Rs 6,600 crore in revenues but the Railways will still incurloss of about Rs 25,000 crore this financial year.

KEY PLAYERS:Indian Railways, railway passengers

WHY IT IS IMPORTANT:The losses of Indian Railways have reached such greheights that even the cross-subsidizing of passenger fares through the freigbusiness has no longer remained feasible. Rising input costs and higher salaries asresult of the Sixth Pay Commission have only added to the woes. Lack of funds hataken a toll on urgent safety and user amenities requirements. Though received as

welcome move by a cross-section of the population, economists do not believe that the hike in fares will reduce Indiafiscal deficit but admit that it would rationalize the pricing of fares and enable Indian Railways to take up more capitintensive projects without impacting the countrys General Budget. However, given that the passenger-carrying capacof the Indian Railways is limited and the increase in its freight traffic has been slow (and in some cases has evreduced), the benefit of this fare hike remains to be seen.

9) Lenders to Suzlon demand to raise equity of Rs 5,000 crore or sell REpower ETIMPACT:Debt ridden Suzlon Energys woes continue to rise as its lenders have asked it to sell its prized asset -REpowor raise equity worth Rs 5,000 crore. The demands are a part of the corporate debt restructuring (CDR) process whithe company has entered into in order to ease pressure on its finances. On the announcement of this demand, SuzloEnergys share prices dropped by 4.4%. The company has vehemently held its stand of not selling REpower (as it ismajor revenue driver for it and if sold, Suzlon stands to lose half of its order book). As part of the restructuring procesbanks have agreed to lower the interest rate for Suzlon to 11% (from the earlier 14-15 per cent) in return for Suzlselling some of its overseas holdings.

KEY PLAYERS: Suzlon Energy, the companys consortium of lenders

WHY IT IS IMPORTANT:Suzlon Energy has been in bad financial shape and hasbeen reporting losses since its acquisition of German firm REpower. Germanysstringent laws also do not allow Suzlon to tap into REpowers cash reserves to reduceit debts (which stand at around Rs 13,000 crore). Though analysts believe that CDRwill give Suzlon enough breathing time to think on its strategy to reorganise itself,this is not the first time the companys debt structure has been reworked (it wasearlier done in 2009). Also worrying is the fact that the company has defaulted in itsrepayment of foreign currency convertible bonds (FCCBs) worth $220 million in October 2012. Since then, the compahas been trying to reduce its debt by selling stock, etc. Out of the companys total revenues, only 20% come from Indand unless the company can increase its domestic market order book, things look bleak. Tough new rules againrestructuring loans also pose a problem.


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10) SEBI to soften rules in order to boost government's disinvestment programme ETIMPACT:Government of Indias deficit reduction efforts has disinvestment of government entities playing a major roIn this connection SEBI is planning to bring about changes to rules overseeing Offers for Sale (OFS) of equity by listfirms. OFS is a one-day sale mechanism offered by SEBI to help listed companies sell shares to investors to comply wthe requirement of having at least 25% public ownership rule. According to a statement released by the stock markregulator, the Board discussed a proposal to exempt institutional investors from stumping margin money upfront

buy shares in an OFS, making it easier for them to participate more enthusiastically in upcomiequity offers. But in lieu of getting this benefit, investors will not be permitted to madownward revisions to both the price and quantity of the shares they bid. Market experbelieve that the changes are necessary as they will remove ambiguities (which have long bei

misused by speculators).

KEY PLAYERS:SEBI, GoI, PSUs, investors & share buyers

WHY IT IS IMPORTANT: Indias Finance Ministry wants to bring the countrys fiscal defidown to 5.3% of GDP by the end of this financial year. As a result, the Government has goninto an overdrive to meet its budgeted disinvestment target of Rs 30,000 crore for 2012-13.major disinvestment in NTPC (which earned GoI Rs 12,000 crore), the proposed sale of Oil Ind

and Engineers India Ltd stocks, big ticket tax collections from companies such as Nokia and Vodafone, fees for rfarming of spectrum in the prime 900 MHz band, etc are expected to add to the government treasury coffers. Howevepointing out the glitch in the process, analysts believe that the marketmay not have the capacity to absorb the huavalanche of shares in such a short span and thus the government may fall way short of its disinvestment target.

11) Coca-Cola airs advertisement addressing obesity Reuters/BloombergIMPACT:Soft-drink giant, Coca-Cola, recently aired an advertisement in the US addressing growing obesity among

the population. The move comes amid mounting pressure from the US government as it plans to ban soft drinks places like restaurant, malls, theatres etc. The executives of Coca-Cola have said that the company is very serioabout obesity issues and is taking steps to create awareness about the problem. But this effort is seen by bureaucraas a damage control action as the company is now fighting an epidemic (obesity) which it has fuelled for overcentury. According to Reuters: the advertisement was broadcasted in the US during The Situation Room with WBlitzer on CNN; "The O'Reilly Factor" on FOX News and MSNBC's "The Rachel MaddowShow." In another commercial of Coca-Cola, that talks about the companys initiative ofputting the calorie labels on the front of the pack will be aired during the reality singingcompetition, American Idol, which is one of the most expensive for advertisers as theadvertisement rate is over $3,40,000 for a 30-second spot.

KEY PLAYERS:The Coca-Cola Company

WHY IT IS IMPORTANT: The US government and the cold drink company are waging a

war of words, wherein the government is blaming the soft drink companies for rising obesityamongst the youth. According to a survey, 36% of adults and 17% of children in Americaare obese. Michael Jacobson, executive director of Washington-based Center for Science in the Public Interest, has sa"They're trying to pretend they're part of the solution instead of part of the problem. If Coke was serious about wantito be part of the solution, it could stop advertising full-calorie drinks altogether, set up a pricing scheme where fucalorie drinks were more expensive, or stop opposing proposed soda taxes. The company refuted by saying that it doing its best to make the general public aware about obesity and collective efforts from all the individuals in tsociety would help curb obesity.

12) Heinz India plans news strategy to get back on growth path ET/TOIIMPACT:Heinz India is revisiting its strategy in order to get back on the growth path. MD of Heinz India is puttitogether a new strategy which includes shedding off lesser known brands of the company. According to ET, tcompany is trimming its portfolio, thus reducing its small businesses that account for less than five percent of tportfolio. Heinz India is gradually withdrawing over half a dozen food products including biscuits, muesli and sou

Indian mixes from retail shelves, according to two officials working at leading supermarkets. Last fiscal, Heinz sawdrop in net profit and posted a sluggish sales growth of 5% wherein industry standards stood up to 15% - 17%. Thmajor area of concern is its milk food drink brand Complan, which accounts for over 65% of its sales, has not growany further in the past few years. Segment leader Horlicks a product of GlaxoSmithKline, holds 50% of the markshare whereas Complan holds 20% of the market share. Also, Daburs Glucose D is closing in on Heinz's Glucon D in t 600 crore powder glucose drinks category. Heinz was the leader in the Glucose-D segment with 55% market shasince long but Daburs product is catching up fast. Also, Heinz is lagging behind in the sauce and ketchup segment.

KEY PLAYERS:Heinz India, Complan, Horlicks

WHY IT IS IMPORTANT: The reason for this fall in sales is its pricing strategy. Layear, amid the economic downturn, consumers were cutting down on discretionaspends. Heinzs higher price tag drove consumers to switch to brands that were cheapthan Heinz products. Besides the company lacked innovation in existing brands to strelevant to current consumers.


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13) SpiceJet unleashes fare war with cheaper tickets, server crashes on booking rush LivemintIMPACT:Offering fares that were approximately 50% lower than the normal average price, SpiceJets offer of issuinone-way tickets to any destination in the country at a price of Rs 2,013 (including taxes) generated an overwhelminresponse and led to the companys server and website crashing. Over a three day discount period, SpiceJet was able sell seven lakh seats and earn a revenue of Rs 160 crore (which is 40% of its total monthly revenue of Rs 440 crothrough ticket sales). The companys intention of offering a stake sale deal was to directly connect with passenge(bypassing the travel agents route) and stir up the market sentiment. It also aimed to increase its sales for the slaIndian season for air travel-February 1 to April 30 and increase its market share. Analysts have concluded thSpiceJets move has paid off as the airline will have occupancy loads of more than 80%

in the coming quarter and thus an almost negligible idle capacity.

KEY PLAYERS:SpiceJet, Indian aviation industry, fliers, DGCA

WHY IT IS IMPORTANT: Fares in the Indian aviation sector have been high allthrough 2012 due to the grounding of Kingfisher Airlines (and thus reduced capacity).As a result, airlines received lesser passenger footfalls and thus a fall in traffic for thefirst times since 2009. This strategy by SpiceJet is an example of the airline industrysattempts to bring back fliers (especially in the lean season). However, within hours ofthe airline announcing this discount, the Director General of Civil Aviation (DGCA)asked other airlines not to follow suit as it believed that these type of discounts would only help regular fliers insteadattracting new ones and poach others traffic (in addition to starting a disastrous price war). In an already bleedinIndian aviation industry, a price war would have led to a major bloodbath, further deteriorating the bottom lines of airlines.

14) Restaurants, canteens and eateries will require licence to do business in India ET/TOI/HTIMPACT: The central food authority, Food Safety and Standards Authority of India, has made it mandatory frestaurants including international fast food chains that operate in the country, canteens and eateries to have a licenfor doing business. The authority had started the licence procedure in 2011 and the deadline to obtain a 'food busineoperator' is February 02, 2013. The authority intends to do random checks in food outlets across the nation and th

ones found without licence would be penalized. The business will also be shut down case the officials find major violations including unhygienic food conditions.

Few restaurant owners have said that the 2nd Feb deadline is impossible to meet athat getting the licence is a hassle as they have to conform to stricter rules aregulations. Every restaurant will have a separate licence and food chains should haa central licence for operating.

KEY PLAYERS:Food Safety and Standards Authority of India, restaurants, eaterieMc Donalds, KFC

WHY IT IS IMPORTANT: The Indian organized food retail segment is worth 8,000 crores and is growing at a rate 23%. There are around 60 lakh operating in India and food safety is still a major concern. In the past few years, tcountry has witnessed many cases of food adulteration and food poisoning. In October 2012, a KFC outlet in SouIndia was shut down by officials after worms were found in a chicken dish.

15) Internet prodigy, Aaron Swartz, found dead Financial Express/CBC NewsIMPACT:Internet activist and co-founder of the famous web feed formats RSS was found dead on January 11, 201Reports suggest he hanged himself weeks before his trial over hacking allegations. The US government alleged thSwartz downloaded millions of academic and research papers from online archive JSTOR of Massachusetts Institute Technology illegally. He was going to distribute the papers online for free. The US prosecutors had charged him wicomputer and wire fraud. The potential penalty would have been up to 35 years in imprisonment and a fine of $

million. In an emotional outburst, Aaron Swartzs father blamed the US government for his death. He said thgovernment had put harsh charges on him for a crime that had no victims. Swartz was considered as the Robin Hood internet as he advocated free information access to every individual. Although experts believethat the government goes overboard in saving intellectual property (sometimes thecompanies take undue advantage of IP rights), but Swartz acts were on the wrong side of thelaw. Also, the free distribution will ruin the economic value of the information and thatcompanies make huge investments in storing this information.

KEY PLAYERS:Aaron Swartz, RSS, MIT

WHY IT IS IMPORTANT: A computer genius, Swartz, wrote the code for RSS at the age of14. RSS has become a ubiquitous tool that helps users to subscribe to online news and information. He was a Stanfodropout and developed the social media website Reddit which was later bought by Conde Nast publications. He laengaged in internet activism where actively fought against internet censorship.

MMMIIISSSCCCEEELLLLLLAAANNNEEEOOOUUUSSS NNNEEEWWWSSS


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Established : 2003

HQ : Mountain View, CaliforniaFounders : Reid Hoffman

Allen BlueKonstantin GuerickeEric LyJean-Luc Vaillant

Employees : 3177Revenues : $522 Mn in 2011

Users : 175 Mn in 2012

IPO Year : 2011First Day Trading Market Cap : $ 9 Bn

Linking Professionals

Getting a job remains one of the top goals every individual on this planet has. It is in effect, why we spend so mayears gaining an education, why we do professional courses and spend inordinate sums of money just to get ready get a job. It used to be a painstaking process of applying to myriad firms physically and hoping someone took a look your resume and at least give an interview call. Not anymore.

The advent of the World Wide Web and the birth of the online job searchsite forever changed the way we go about applying for jobs. Now yourresume was accessible to more companies than you could ever hope to

reach by other older and less efficient means. All that was required was tocreate an online profile and upload your resume, select the industries youwere interested in and Voila! You had job listings and your CV wasautomatically accessible for recruiters in that industry.

However, the really interesting and juicy profiles were and are still hard tocome by. After all, job sites offer you a largely standardized menu withgenerally standard profiles. Networking, a term often used disdainfully, stillruled the roost in terms of getting access to profiles that are career makers.Knowing someone in the company of your choice who has some influence isa grey advantage that has landed quite a few prospective job seekerssome pretty decent profiles that would have been much harder to find otherwise. Internal references are quite the ragamongst certain industry types which often exploit the advantages of networking.

The professional network

One website that has proven that networking can be turned into a successful business model is LinkedIn. LinkedIn limany other new ventures was born out of personal experiences of its key founder, Reid Hoffman. With a BS froStanford University, Reid Hoffman had always dreamt of starting his own software firm. It was while pursuing a mastein Philosophy from Oxford, that he realized that he wanted to have a much broader relevance in peoples lives asCNNMoney piece puts it.

When Hoffman approached VCs, whom interestingly he used his professional network to meet, he was unceremonioustold that his lack of experience in marketing or selling software (it was the early 90s and before the dawn of the dcom era) wasnt making his case any better. Not one to give up, when told no, Hoffman decided to gain the requisiexperience that would enable him to set out on his own. He started with learning pure play software development Apple. After Apple, his next step was Fujitsu to learn product management and the business of software.

NNNEEEOOO CCCOOORRRNNNEEERRR PART ONE
http://en.wikipedia.org/wiki/Reid_Hoffmanhttp://en.wikipedia.org/wiki/Reid_Hoffmanhttp://en.wikipedia.org/wiki/Reid_Hoffman


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By the time it was 1997, the world of software development and the internet wbeginning to show signs of great promise. It was also when Hoffman decided thatwas time to go it alone. His first venture was a SocialNet which aimed at connectinnetizens with each other based on needs. It was primarily an online dating sitThough Team Hoffman raised money from VCs, the product distribution strategy whidepended on newspapers left a lot to be desired. Hoffman decided to leave SocialNto start another business.

Hoffman wanted to discuss ideas for the new venture with his good friend, Peter ThieThiel at the moment had gotten together with Max Levchin to start a hedge fund. Th

told Hoffman to instead join him and Levchin in their enterprise as they believed it wgoing to grow exponentially soon. The venture turned out to be PayPal the onlipayment services firm. Hoffman joined as the COO.

While at PayPal, Hoffman realized the need for various kinds of expertise to solproblems in the payments business. This also gave him an idea as to the future work itself. The ideas kept coming but nothing concretized. Eventually, PayPal wsold to EBay in 2002, freeing Hoffman to go ahead with his own venture. Hoffman wexecutive vice president handling business development at the time. LinkedIn was tresult of Hoffmans belief in the potential of the professional space.

LinkedIns seed money came from the spoils Hoffman received from the PayPal sathus money was not a concern initially. 2002 was also a time when industry sentimewas one of disenchantment with dot coms. However, Hoffman believed that it was

ideal opportunity to showcase why they were different. Hoffman founded LinkedIn the December of that year along with former colleagues from his earlier ventuSocialNet, a college classmate and a colleague from his Fujitsu Days.

The website itself was launched in 2003 as a business and professional oriented socnetwork which allowed people to connect professionally. Hoffman wasnt so worrieabout creating an effective business model as much as he was about getting a milliopeople on board. Hoffman is a big believer in getting a large number of peoptogether , getting them engaged and building a business model on top of thaLinkedIn could only be valuable if it had enough people in it to make functions lisearch useful. The priority during the first two years was thus, to get enough peopon to the website via viral growth.

2005 saw LinkedIn launch revenue streams like job listings, subscription which ga

users better communication and reach. LinkedIn also launched ads on its site becauof the kind of demographics they had access to. In 2006, the need for growth requireteam LinkedIn to work on multiple fronts simultaneously. Deep Nishar from Googcame in as VP, product development at LinkedIn which later freed Hoffman froproduct development altogether. Since then the company has been growing practicanon-stop and has nearly 200 million users signed up with it today.

How LinkedIn works

LinkedIn is based on the concept of professional connections. You are connected your colleagues or ex-colleagues or anyone whom you know in a professional capacitThe tool allows you to meet or approach people who are professionally relevant ahave the potential to offer advise and even job offers. To that end the site providJob listings for corporate entities.

Job search is a service that is somewhat similar to what is on offer from regulars limonster.com, of course the difference being that now you know which of yoconnections is working where you have applied. The premium account holders havaccess to better communication capabilities that allow you to mail people you aconnected with already as well as better job search. LinkedIn Recruiter is a tool thhas received critical acclaim and is accessed by most top of the line recruiters asenables much more refined candidate search based on skill set need. LinkedIn also ha crowd sourced query and solution service called LinkedIn Answers that allows useto post queries that can be answered by other users. The site also intends to becomesocial platform for business research due to the kind of demographics present on thsite and the professional network that can be used.

To Be Continued Next Week


13/14

SOURCES

Charts & Graphs:http://www.economist.com/node/21563412

Economic Indicators:

http://www.thehindu.com/business/markets/gold-and-silver-prices-decline-on-sluggish-demand/article4286951.ecehttp://www.thehindu.com/business/markets/rupee-up-25-paise-against-dollar/article4287262.ece

SOURCES FOR COVER STORY

http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-gets-nocs-from-oil-and-leasing-companies/articleshow/18055055.cms

http://www.cdrindia.org/statistical.htmhttp://www.cdrindia.org/aboutus.htm

http://stockshastra.moneyworks4me.com/current-events-news/kingfisher-and-suzlon-go-the-cdr-way-know-what-exactly-is-corporate-debt-restructuring/

http://www.dsij.in/ArticleDetails/tabid/740/ArticleID/4979/Top-Ten-Companies-With-High-Debt-To-Equity-Ratio.aspxhttp://www.investopedia.com/video/play/debt-to-equity-ratio/#axzz2I1ObWSu4

http://www.indianexpress.com/news/reserve-bank-panel-pushes-for-tighter-norms-for-loan-recasts/977322/0http://www.business-standard.com/india/news/suzlon-energys-cdr-package-to-be-signed-in-2-3-days/202645/on

http://www.livemint.com/Opinion/RvAmZQhi7Q6jra34xtQJwO/Kingfisher-Airlines-the-beginning-of-the-endgame.htmlhttp://www.mydigitalfc.com/news/bank-margins-come-under-pressure-462

http://www.business-standard.com/india/news/rbi-begins-checkcollateral-adequacy-for-corporate-loans/496324/http://articles.economictimes.indiatimes.com/2012-11-05/news/34925557_1_cdr-cases-debt-cases-corporate-debt

http://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=716http://zeenews.india.com/business/news/finance/stagger-new-provisioning-norm-for-recast-loans-bankers-to-rbi_68191.html

http://www.hindustantimes.com/IndiaSectionPage/sectorsaviation/Kingfisher-Airlines-fails-to-provide-revival-plan-no-clearance-from-airports/Article1-990439.aspx

http://www.mydigitalfc.com/companies/gamble-paid-934http://www.moneylife.in/article/economic-malaise-in-india-and-corporate-debt-restructuring/27642.html

http://www.moneylife.in/article/despite-exit-by-small-lenders-banks-still-prefer-cdr-cell/29331.html

SOURCES FOR PERSONALITIES OF THE WEEK:http://en.wikipedia.org/wiki/Michael_Bloomberg

http://www.mikebloomberg.com/index.cfm?objectid=E689D66F-96FD-E9F6-B1AF64B8DAE78A69

http://www.forbes.com/profile/michael-bloomberg/

http://www.biography.com/people/michael-bloomberg-16466704

http://www.businessinsider.com/michael-bloomberg-biography-2012-7?op=1

http://www.infoplease.com/biography/var/michaelbloomberg.html

http://www.askmen.com/celebs/men/business_politics/57_michael_bloomberg.html

http://businesstoday.intoday.in/story/most-powerful-women-in-business-2011-shikha-sharma/1/18322.html

http://www.forbes.com/profile/shikha-sharma/

http://articles.economictimes.indiatimes.com/2012-08-06/news/33065737_1_shikha-sharma-axis-bank-jpmorgan-chase

http://www.business-standard.com/india/news/lunchbs-shikha-sharma/385824/

http://www.iloveindia.com/indian-heroes/shikha-sharma.htmlhttp://in.reuters.com/finance/stocks/officerProfile?symbol=AXBK.BO&officerId=1326696

INDUSTRY ANALYSIS:

http://www.datamonitor.com/store/Product/global_logistics_industry_guide_2011?productid=FAF59889-543A-46D6-A172-78814E37B3FD

http://www.prlog.org/10353214-global-logistics-market-forecast-to-reach-10406-billion-by-2012-says-new-report.htmlhttp://www.logisticsmgmt.com/article/gartner_announces_predictions_for_global_logistics_organizations/

http://www.logisticsmanager.com/Articles/19790/Bright+prospects+for+emerging+markets+.htmlhttp://www.wto.org/english/news_e/pres12_e/pr658_e.htm

http://www.fta.co.uk/export/system/modules/com.fta.sites.lovelogistics/resources/v1/downloads/logistics_report_2011.pdfhttp://www3.weforum.org/docs/WEF_SCT_GAC_OutlookLogisticsSupplyChainIndustry_IndustryAgenda_2012.pdf

http://www.businessvibes.com/blog/industry-insight-global-logistic-industryhttp://www.deloitte.com/assets/Dcom-India/Local%20Assets/Documents/Thoughtware/Logistics%20Sector-

Present%20situation%20and%20way%20forward.pdfhttp://commerce.nic.in/infr_guidedet.html

SOURCES FOR NEWS ANALYSIS (1-15)

1)Dubai-based Marina Home to invest Rs 500 cr in Indiahttp://economictimes.indiatimes.com/markets/real-estate/news/dubai-based-marina-home-to-invest-rs-500-cr-in-

india/articleshow/18004086.cms2)Government wants to sell TCIL in current fiscal

http://www.business-standard.com/india/news/govt-wants-to-sell-off-tcil-in-current-fiscal/202747/on3) Supreme Court extends deadline for Telecom companies to shut operations

http://economictimes.indiatimes.com/news/news-by-industry/telecom/telcos-facing-closure-get-supreme-courts-breather-till-february4/articleshow/18026850.cms
http://www.economist.com/node/21563412http://www.economist.com/node/21563412http://www.thehindu.com/business/markets/gold-and-silver-prices-decline-on-sluggish-demand/article4286951.ecehttp://www.thehindu.com/business/markets/rupee-up-25-paise-against-dollar/article4287262.ecehttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-gets-nocs-from-oil-and-leasing-companies/articleshow/18055055.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-gets-nocs-from-oil-and-leasing-companies/articleshow/18055055.cmshttp://www.cdrindia.org/statistical.htmhttp://stockshastra.moneyworks4me.com/current-events-news/kingfisher-and-suzlon-go-the-cdr-way-know-what-exactly-is-corporate-debt-restructuring/http://stockshastra.moneyworks4me.com/current-events-news/kingfisher-and-suzlon-go-the-cdr-way-know-what-exactly-is-corporate-debt-restructuring/http://www.dsij.in/ArticleDetails/tabid/740/ArticleID/4979/Top-Ten-Companies-With-High-Debt-To-Equity-Ratio.aspxhttp://www.investopedia.com/video/play/debt-to-equity-ratio/#axzz2I1ObWSu4http://www.indianexpress.com/news/reserve-bank-panel-pushes-for-tighter-norms-for-loan-recasts/977322/0http://www.business-standard.com/india/news/suzlon-energys-cdr-package-to-be-signed-in-2-3-days/202645/onhttp://www.livemint.com/Opinion/RvAmZQhi7Q6jra34xtQJwO/Kingfisher-Airlines-the-beginning-of-the-endgame.htmlhttp://www.mydigitalfc.com/news/bank-margins-come-under-pressure-462http://www.business-standard.com/india/news/rbi-begins-checkcollateral-adequacy-for-corporate-loans/496324/http://articles.economictimes.indiatimes.com/2012-11-05/news/34925557_1_cdr-cases-debt-cases-corporate-debthttp://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=716http://zeenews.india.com/business/news/finance/stagger-new-provisioning-norm-for-recast-loans-bankers-to-rbi_68191.htmlhttp://www.hindustantimes.com/IndiaSectionPage/sectorsaviation/Kingfisher-Airlines-fails-to-provide-revival-plan-no-clearance-from-airports/Article1-990439.aspxhttp://www.hindustantimes.com/IndiaSectionPage/sectorsaviation/Kingfisher-Airlines-fails-to-provide-revival-plan-no-clearance-from-airports/Article1-990439.aspxhttp://www.mydigitalfc.com/companies/gamble-paid-934http://www.moneylife.in/article/economic-malaise-in-india-and-corporate-debt-restructuring/27642.htmlhttp://www.moneylife.in/article/despite-exit-by-small-lenders-banks-still-prefer-cdr-cell/29331.htmlhttp://en.wikipedia.org/wiki/Michael_Bloomberghttp://www.mikebloomberg.com/index.cfm?objectid=E689D66F-96FD-E9F6-B1AF64B8DAE78A69http://www.forbes.com/profile/michael-bloomberg/http://www.biography.com/people/michael-bloomberg-16466704http://www.businessinsider.com/michael-bloomberg-biography-2012-7?op=1http://www.infoplease.com/biography/var/michaelbloomberg.htmlhttp://www.askmen.com/celebs/men/business_politics/57_michael_bloomberg.htmlhttp://businesstoday.intoday.in/story/most-powerful-women-in-business-2011-shikha-sharma/1/18322.htmlhttp://www.forbes.com/profile/shikha-sharma/http://articles.economictimes.indiatimes.com/2012-08-06/news/33065737_1_shikha-sharma-axis-bank-jpmorgan-chasehttp://www.business-standard.com/india/news/lunchbs-shikha-sharma/385824/http://www.iloveindia.com/indian-heroes/shikha-sharma.htmlhttp://in.reuters.com/finance/stocks/officerProfile?symbol=AXBK.BO&officerId=1326696http://www.datamonitor.com/store/Product/global_logistics_industry_guide_2011?productid=FAF59889-543A-46D6-A172-78814E37B3FDhttp://www.datamonitor.com/store/Product/global_logistics_industry_guide_2011?productid=FAF59889-543A-46D6-A172-78814E37B3FDhttp://www.prlog.org/10353214-global-logistics-market-forecast-to-reach-10406-billion-by-2012-says-new-report.htmlhttp://www.logisticsmgmt.com/article/gartner_announces_predictions_for_global_logistics_organizations/http://www.logisticsmanager.com/Articles/19790/Bright+prospects+for+emerging+markets+.htmlhttp://www.wto.org/english/news_e/pres12_e/pr658_e.htmhttp://www.fta.co.uk/export/system/modules/com.fta.sites.lovelogistics/resources/v1/downloads/logistics_report_2011.pdfhttp://www3.weforum.org/docs/WEF_SCT_GAC_OutlookLogisticsSupplyChainIndustry_IndustryAgenda_2012.pdfhttp://www.businessvibes.com/blog/industry-insight-global-logistic-industryhttp://www.deloitte.com/assets/Dcom-India/Local%20Assets/Documents/Thoughtware/Logistics%20Sector-Present%20situation%20and%20way%20forward.pdfhttp://www.deloitte.com/assets/Dcom-India/Local%20Assets/Documents/Thoughtware/Logistics%20Sector-Present%20situation%20and%20way%20forward.pdfhttp://commerce.nic.in/infr_guidedet.htmlhttp://economictimes.indiatimes.com/markets/real-estate/news/dubai-based-marina-home-to-invest-rs-500-cr-in-india/articleshow/18004086.cmshttp://economictimes.indiatimes.com/markets/real-estate/news/dubai-based-marina-home-to-invest-rs-500-cr-in-india/articleshow/18004086.cmshttp://www.business-standard.com/india/news/govt-wants-to-sell-off-tcil-in-current-fiscal/202747/onhttp://economictimes.indiatimes.com/news/news-by-industry/telecom/telcos-facing-closure-get-supreme-courts-breather-till-february-4/articleshow/18026850.cmshttp://economictimes.indiatimes.com/news/news-by-industry/telecom/telcos-facing-closure-get-supreme-courts-breather-till-february-4/articleshow/18026850.cmshttp://economictimes.indiatimes.com/news/news-by-industry/telecom/telcos-facing-closure-get-supreme-courts-breather-till-february-4/articleshow/18026850.cmshttp://economictimes.indiatimes.com/news/news-by-industry/telecom/telcos-facing-closure-get-supreme-courts-breather-till-february-4/articleshow/18026850.cmshttp://www.business-standard.com/india/news/govt-wants-to-sell-off-tcil-in-current-fiscal/202747/onhttp://economictimes.indiatimes.com/markets/real-estate/news/dubai-based-marina-home-to-invest-rs-500-cr-in-india/articleshow/18004086.cmshttp://economictimes.indiatimes.com/markets/real-estate/news/dubai-based-marina-home-to-invest-rs-500-cr-in-india/articleshow/18004086.cmshttp://commerce.nic.in/infr_guidedet.htmlhttp://www.deloitte.com/assets/Dcom-India/Local%20Assets/Documents/Thoughtware/Logistics%20Sector-Present%20situation%20and%20way%20forward.pdfhttp://www.deloitte.com/assets/Dcom-India/Local%20Assets/Documents/Thoughtware/Logistics%20Sector-Present%20situation%20and%20way%20forward.pdfhttp://www.businessvibes.com/blog/industry-insight-global-logistic-industryhttp://www3.weforum.org/docs/WEF_SCT_GAC_OutlookLogisticsSupplyChainIndustry_IndustryAgenda_2012.pdfhttp://www.fta.co.uk/export/system/modules/com.fta.sites.lovelogistics/resources/v1/downloads/logistics_report_2011.pdfhttp://www.wto.org/english/news_e/pres12_e/pr658_e.htmhttp://www.logisticsmanager.com/Articles/19790/Bright+prospects+for+emerging+markets+.htmlhttp://www.logisticsmgmt.com/article/gartner_announces_predictions_for_global_logistics_organizations/http://www.prlog.org/10353214-global-logistics-market-forecast-to-reach-10406-billion-by-2012-says-new-report.htmlhttp://www.datamonitor.com/store/Product/global_logistics_industry_guide_2011?productid=FAF59889-543A-46D6-A172-78814E37B3FDhttp://www.datamonitor.com/store/Product/global_logistics_industry_guide_2011?productid=FAF59889-543A-46D6-A172-78814E37B3FDhttp://in.reuters.com/finance/stocks/officerProfile?symbol=AXBK.BO&officerId=1326696http://www.iloveindia.com/indian-heroes/shikha-sharma.htmlhttp://www.business-standard.com/india/news/lunchbs-shikha-sharma/385824/http://articles.economictimes.indiatimes.com/2012-08-06/news/33065737_1_shikha-sharma-axis-bank-jpmorgan-chasehttp://www.forbes.com/profile/shikha-sharma/http://businesstoday.intoday.in/story/most-powerful-women-in-business-2011-shikha-sharma/1/18322.htmlhttp://www.askmen.com/celebs/men/business_politics/57_michael_bloomberg.htmlhttp://www.infoplease.com/biography/var/michaelbloomberg.htmlhttp://www.businessinsider.com/michael-bloomberg-biography-2012-7?op=1http://www.biography.com/people/michael-bloomberg-16466704http://www.forbes.com/profile/michael-bloomberg/http://www.mikebloomberg.com/index.cfm?objectid=E689D66F-96FD-E9F6-B1AF64B8DAE78A69http://en.wikipedia.org/wiki/Michael_Bloomberghttp://www.moneylife.in/article/despite-exit-by-small-lenders-banks-still-prefer-cdr-cell/29331.htmlhttp://www.moneylife.in/article/economic-malaise-in-india-and-corporate-debt-restructuring/27642.htmlhttp://www.mydigitalfc.com/companies/gamble-paid-934http://www.hindustantimes.com/IndiaSectionPage/sectorsaviation/Kingfisher-Airlines-fails-to-provide-revival-plan-no-clearance-from-airports/Article1-990439.aspxhttp://www.hindustantimes.com/IndiaSectionPage/sectorsaviation/Kingfisher-Airlines-fails-to-provide-revival-plan-no-clearance-from-airports/Article1-990439.aspxhttp://zeenews.india.com/business/news/finance/stagger-new-provisioning-norm-for-recast-loans-bankers-to-rbi_68191.htmlhttp://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=716http://articles.economictimes.indiatimes.com/2012-11-05/news/34925557_1_cdr-cases-debt-cases-corporate-debthttp://www.business-standard.com/india/news/rbi-begins-checkcollateral-adequacy-for-corporate-loans/496324/http://www.mydigitalfc.com/news/bank-margins-come-under-pressure-462http://www.livemint.com/Opinion/RvAmZQhi7Q6jra34xtQJwO/Kingfisher-Airlines-the-beginning-of-the-endgame.htmlhttp://www.business-standard.com/india/news/suzlon-energys-cdr-package-to-be-signed-in-2-3-days/202645/onhttp://www.indianexpress.com/news/reserve-bank-panel-pushes-for-tighter-norms-for-loan-recasts/977322/0http://www.investopedia.com/video/play/debt-to-equity-ratio/#axzz2I1ObWSu4http://www.dsij.in/ArticleDetails/tabid/740/ArticleID/4979/Top-Ten-Companies-With-High-Debt-To-Equity-Ratio.aspxhttp://stockshastra.moneyworks4me.com/current-events-news/kingfisher-and-suzlon-go-the-cdr-way-know-what-exactly-is-corporate-debt-restructuring/http://stockshastra.moneyworks4me.com/current-events-news/kingfisher-and-suzlon-go-the-cdr-way-know-what-exactly-is-corporate-debt-restructuring/http://www.cdrindia.org/statistical.htmhttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-gets-nocs-from-oil-and-leasing-companies/articleshow/18055055.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-gets-nocs-from-oil-and-leasing-companies/articleshow/18055055.cmshttp://www.thehindu.com/business/markets/rupee-up-25-paise-against-dollar/article4287262.ecehttp://www.thehindu.com/business/markets/gold-and-silver-prices-decline-on-sluggish-demand/article4286951.ecehttp://www.economist.com/node/21563412


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4) Volatile emerging markets top risk for 2013, India at 9th: Eurasia Group

http://www.financialexpress.com/news/volatile-emerging-markets-top-risk-for-2013-india-at-9th-study/1059597 5)Fiat likely to launch LCVs in India

http://www.financialexpress.com/news/fiat-professional-lcvs-likely-to-come-to-india/10578026) GAAR implementation deferred by two years

http://www.business-standard.com/india/news/gaar-deferred-by-2-yrs/498889/7) Dell may go private with a potential buyout by PE firms

http://in.reuters.com/article/2013/01/15/dell-acquisition-idINDEE90E04F201301158) Railway Minister Bansal effects all-round rail fare hike The Hindu

http://www.thehindu.com/news/national/bansal-train-fares-to-be-hiked-from-jan-21/article4290576.ecehttp://articles.economictimes.indiatimes.com/2013-01-14/news/36332019_1_hike-in-rail-fares-railway-minister-new-shatabdi-train

http://www.dnaindia.com/india/report_railway-fare-hike-is-a-good-step-say-economists_1787453http://www.firstpost.com/india/bansal-hikes-rail-fares-prior-to-budget-582388.html

http://www.livemint.com/Opinion/HKKdS64LZ6ERdlXE2126gN/Fare-hike-wont-improve-railways-financial-health.html9) Lenders to Suzlon demand to raise equity of Rs 5,000 crore or sell REpower ET

http://articles.economictimes.indiatimes.com/2013-01-11/news/36280052_1_repower-portugal-s-martifer-suzlon-energyhttp://www.dsij.in/ArticleDetails/tabid/740/ArticleID/6209/Fresh-Trouble-Brews-For-Suzlon-%E2%80%93-Exit-The-Counter.aspx

http://business-standard.com/india/news/suzlon-shares-tank-44-over-cdr-worries-/202417/onhttp://www.business-standard.com/india/news/suzlon-energys-cdr-package-to-be-signed-in-2-3-days/202645/on

10) SEBI to soften rules in order to boost government's disinvestment programme EThttp://articles.economictimes.indiatimes.com/2013-01-14/news/36331656_1_ofs-sebi-disinvestment

http://www.hindustantimes.com/business-news/WorldEconomy/Budget-may-boost-PSU-disinvestment-target/Article1-989155.aspxhttp://www.thehindubusinessline.com/industry-and-economy/govt-set-to-go-ahead-with-oil-disinvestment-this-

month/article4304816.ecehttp://indiatoday.intoday.in/story/india-finance-ministry-makes-a-desparate-attempt-contain-fiscal-deficit-india-today/1/242135.html

11) Coca-Cola airs advertisement addressing obesity Reuters/Bloomberghttp://www.reuters.com/article/2013/01/14/us-cocacola-commercial-idUSBRE90D13H20130114

http://www.bloomberg.com/news/2013-01-15/coca-cola-starts-advertising-to-curb-u-s-obesity.html12) Heinz India plans news strategy to get back on growth path ET/TOI

http://articles.economictimes.indiatimes.com/2013-01-15/news/36353095_1_complan-heinz-india-hj-heinzhttp://timesofindia.indiatimes.com/sports/football/top-stories/Bayerns-Guardiola-signing-is-a-Bundesliga-

coup/articleshow/18056262.cms13) SpiceJet unleashes fare war with cheaper tickets, server crashes on booking rush Livemint

http://www.livemint.com/Companies/T0cpoIXM2uw4UEDyDyy7MN/SpiceJet-unleashes-fare-war-with-cheaper-tickets-IndiGo-fol.htmlhttp://www.indianexpress.com/news/spicejet-kicks-off-price-war-among-domestic-carriers/1058589/0

http://articles.economictimes.indiatimes.com/2013-01-15/news/36353056_1_spicejet-ceo-neil-mills-travel-agentshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/dgca-advises-airlines-not-to-follow-

spicejets-2013-low-fare-scheme-draws-flak/articleshow/18053547.cms14) Restaurants, canteens and eateries will require licence to do business in India ET/TOI/HT

http://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/restaurant-eateries-canteens-to-require-licences-from-food-safety-and-standards-authority-of-india-to-operate/articleshow/18039281.cms

http://timesofindia.indiatimes.com/business/india-business/Food-companies-try-to-meet-safety-norms/articleshow/18055842.cmshttp://www.thehindubusinessline.com/news/states/trade-seeks-more-time-to-implement-food-safety-act/article4298954.ece

http://www.hindustantimes.com/India-news/Kerala/Worms-found-in-chicken-KFC-Kerala-outlet-sealed/Article1-942121.aspx15) Internet prodigy, Aaron Swartz, found dead Financial Express/CBC News

http://www.financialexpress.com/news/internet-activist-creator-of-rss-aaron-swartz-found-dead/1058763/0

http://www.cbc.ca/news/world/story/2013/01/14/aaron-swartz-reddit-hacker-debate.html?cmp=rss
http://www.financialexpress.com/news/volatile-emerging-markets-top-risk-for-2013-india-at-9th-study/1059597http://www.financialexpress.com/news/volatile-emerging-markets-top-risk-for-2013-india-at-9th-study/1059597http://www.financialexpress.com/news/fiat-professional-lcvs-likely-to-come-to-india/1057802http://www.business-standard.com/india/news/gaar-deferred-by-2-yrs/498889/http://in.reuters.com/article/2013/01/15/dell-acquisition-idINDEE90E04F20130115http://www.thehindu.com/news/national/bansal-train-fares-to-be-hiked-from-jan-21/article4290576.ecehttp://articles.economictimes.indiatimes.com/2013-01-14/news/36332019_1_hike-in-rail-fares-railway-minister-new-shatabdi-trainhttp://www.dnaindia.com/india/report_railway-fare-hike-is-a-good-step-say-economists_1787453http://www.firstpost.com/india/bansal-hikes-rail-fares-prior-to-budget-582388.htmlhttp://www.livemint.com/Opinion/HKKdS64LZ6ERdlXE2126gN/Fare-hike-wont-improve-railways-financial-health.htmlhttp://articles.economictimes.indiatimes.com/2013-01-11/news/36280052_1_repower-portugal-s-martifer-suzlon-energyhttp://www.dsij.in/ArticleDetails/tabid/740/ArticleID/6209/Fresh-Trouble-Brews-For-Suzlon-%E2%80%93-Exit-The-Counter.aspxhttp://business-standard.com/india/news/suzlon-shares-tank-44-over-cdr-worries-/202417/onhttp://www.business-standard.com/india/news/suzlon-energys-cdr-package-to-be-signed-in-2-3-days/202645/onhttp://articles.economictimes.indiatimes.com/2013-01-14/news/36331656_1_ofs-sebi-disinvestmenthttp://www.hindustantimes.com/business-news/WorldEconomy/Budget-may-boost-PSU-disinvestment-target/Article1-989155.aspxhttp://www.thehindubusinessline.com/industry-and-economy/govt-set-to-go-ahead-with-oil-disinvestment-this-month/article4304816.ecehttp://www.thehindubusinessline.com/industry-and-economy/govt-set-to-go-ahead-with-oil-disinvestment-this-month/article4304816.ecehttp://indiatoday.intoday.in/story/india-finance-ministry-makes-a-desparate-attempt-contain-fiscal-deficit-india-today/1/242135.htmlhttp://www.reuters.com/article/2013/01/14/us-cocacola-commercial-idUSBRE90D13H20130114http://www.bloomberg.com/news/2013-01-15/coca-cola-starts-advertising-to-curb-u-s-obesity.htmlhttp://articles.economictimes.indiatimes.com/2013-01-15/news/36353095_1_complan-heinz-india-hj-heinzhttp://timesofindia.indiatimes.com/sports/football/top-stories/Bayerns-Guardiola-signing-is-a-Bundesliga-coup/articleshow/18056262.cmshttp://timesofindia.indiatimes.com/sports/football/top-stories/Bayerns-Guardiola-signing-is-a-Bundesliga-coup/articleshow/18056262.cmshttp://www.livemint.com/Companies/T0cpoIXM2uw4UEDyDyy7MN/SpiceJet-unleashes-fare-war-with-cheaper-tickets-IndiGo-fol.htmlhttp://www.indianexpress.com/news/spicejet-kicks-off-price-war-among-domestic-carriers/1058589/0http://articles.economictimes.indiatimes.com/2013-01-15/news/36353056_1_spicejet-ceo-neil-mills-travel-agentshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/dgca-advises-airlines-not-to-follow-spicejets-2013-low-fare-scheme-draws-flak/articleshow/18053547.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/dgca-advises-airlines-not-to-follow-spicejets-2013-low-fare-scheme-draws-flak/articleshow/18053547.cmshttp://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/restaurant-eateries-canteens-to-require-licences-from-food-safety-and-standards-authority-of-india-to-operate/articleshow/18039281.cmshttp://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/restaurant-eateries-canteens-to-require-licences-from-food-safety-and-standards-authority-of-india-to-operate/articleshow/18039281.cmshttp://timesofindia.indiatimes.com/business/india-business/Food-companies-try-to-meet-safety-norms/articleshow/18055842.cmshttp://www.thehindubusinessline.com/news/states/trade-seeks-more-time-to-implement-food-safety-act/article4298954.ecehttp://www.hindustantimes.com/India-news/Kerala/Worms-found-in-chicken-KFC-Kerala-outlet-sealed/Article1-942121.aspxhttp://www.financialexpress.com/news/internet-activist-creator-of-rss-aaron-swartz-found-dead/1058763/0http://www.cbc.ca/news/world/story/2013/01/14/aaron-swartz-reddit-hacker-debate.html?cmp=rsshttp://www.cbc.ca/news/world/story/2013/01/14/aaron-swartz-reddit-hacker-debate.html?cmp=rsshttp://www.financialexpress.com/news/internet-activist-creator-of-rss-aaron-swartz-found-dead/1058763/0http://www.hindustantimes.com/India-news/Kerala/Worms-found-in-chicken-KFC-Kerala-outlet-sealed/Article1-942121.aspxhttp://www.thehindubusinessline.com/news/states/trade-seeks-more-time-to-implement-food-safety-act/article4298954.ecehttp://timesofindia.indiatimes.com/business/india-business/Food-companies-try-to-meet-safety-norms/articleshow/18055842.cmshttp://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/restaurant-eateries-canteens-to-require-licences-from-food-safety-and-standards-authority-of-india-to-operate/articleshow/18039281.cmshttp://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/restaurant-eateries-canteens-to-require-licences-from-food-safety-and-standards-authority-of-india-to-operate/articleshow/18039281.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/dgca-advises-airlines-not-to-follow-spicejets-2013-low-fare-scheme-draws-flak/articleshow/18053547.cmshttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/dgca-advises-airlines-not-to-follow-spicejets-2013-low-fare-scheme-draws-flak/articleshow/18053547.cmshttp://articles.economictimes.indiatimes.com/2013-01-15/news/36353056_1_spicejet-ceo-neil-mills-travel-agentshttp://www.indianexpress.com/news/spicejet-kicks-off-price-war-among-domestic-carriers/1058589/0http://www.livemint.com/Companies/T0cpoIXM2uw4UEDyDyy7MN/SpiceJet-unleashes-fare-war-with-cheaper-tickets-IndiGo-fol.htmlhttp://timesofindia.indiatimes.com/sports/football/top-stories/Bayerns-Guardiola-signing-is-a-Bundesliga-coup/articleshow/18056262.cmshttp://timesofindia.indiatimes.com/sports/football/top-stories/Bayerns-Guardiola-signing-is-a-Bundesliga-coup/articleshow/18056262.cmshttp://articles.economictimes.indiatimes.com/2013-01-15/news/36353095_1_complan-heinz-india-hj-heinzhttp://www.bloomberg.com/news/2013-01-15/coca-cola-starts-advertising-to-curb-u-s-obesity.htmlhttp://www.reuters.com/article/2013/01/14/us-cocacola-commercial-idUSBRE90D13H20130114http://indiatoday.intoday.in/story/india-finance-ministry-makes-a-desparate-attempt-contain-fiscal-deficit-india-today/1/242135.htmlhttp://www.thehindubusinessline.com/industry-and-economy/govt-set-to-go-ahead-with-oil-disinvestment-this-month/article4304816.ecehttp://www.thehindubusinessline.com/industry-and-economy/govt-set-to-go-ahead-with-oil-disinvestment-this-month/article4304816.ecehttp://www.hindustantimes.com/business-news/WorldEconomy/Budget-may-boost-PSU-disinvestment-target/Article1-989155.aspxhttp://articles.economictimes.indiatimes.com/2013-01-14/news/36331656_1_ofs-sebi-disinvestmenthttp://www.business-standard.com/india/news/suzlon-energys-cdr-package-to-be-signed-in-2-3-days/202645/onhttp://business-standard.com/india/news/suzlon-shares-tank-44-over-cdr-worries-/202417/onhttp://www.dsij.in/ArticleDetails/tabid/740/ArticleID/6209/Fresh-Trouble-Brews-For-Suzlon-%E2%80%93-Exit-The-Counter.aspxhttp://articles.economictimes.indiatimes.com/2013-01-11/news/36280052_1_repower-portugal-s-martifer-suzlon-energyhttp://www.livemint.com/Opinion/HKKdS64LZ6ERdlXE2126gN/Fare-hike-wont-improve-railways-financial-health.htmlhttp://www.firstpost.com/india/bansal-hikes-rail-fares-prior-to-budget-582388.htmlhttp://www.dnaindia.com/india/report_railway-fare-hike-is-a-good-step-say-economists_1787453http://articles.economictimes.indiatimes.com/2013-01-14/news/36332019_1_hike-in-rail-fares-railway-minister-new-shatabdi-trainhttp://www.thehindu.com/news/national/bansal-train-fares-to-be-hiked-from-jan-21/article4290576.ecehttp://in.reuters.com/article/2013/01/15/dell-acquisition-idINDEE90E04F20130115http://www.business-standard.com/india/news/gaar-deferred-by-2-yrs/498889/http://www.financialexpress.com/news/fiat-professional-lcvs-likely-to-come-to-india/1057802http://www.financialexpress.com/news/volatile-emerging-markets-top-risk-for-2013-india-at-9th-study/1059597

Xed CA Newsletter Week Jan 10 - Jan 16

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Transcript of Xed CA Newsletter Week Jan 10 - Jan 16