Issue 2 30.4.10
Jyoti nivas college
sagezza
FINANCE
INSIDE THIS ISSUE: Finance Marketing Human resource management 2 3 4,5
Reliance discovers more oil in Cambay basin
Energy major Reliance Industries has discovered more oil on India's western coast, raising the potential of the exploratory blocks it has been drilling, India's biggest conglomerate whose businesses span petrochemicals, refining, oil and gas exploration and retail said the current flow was at 300 barrels of oil per day (bopd)at the onland exploratory block in the Cambay basin in Gujarat state. The potential commercial interest of the discovery is being evaluated through more data gathering and analysis, it said in a statement. "The discovery is significant as this play fairway is expected to open more oil pool areas leading to better hydrocarbon potential within the block," it said. Reliance holds 100 per cent participating interest in the block, and three earlier discoveries had a flow rate of 500 bopd. The company has so far drilled 14 exploratory wells in the block that covers an area of 635 square kilometres. Last year Reliance, controlled by billionaire Mukesh Ambani, started pumping gas from its block in the vast Krishna Godavari (KG) basin off India's east coast, where it made the country's largest gas find.
environment technology Economy politics sports
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entertainment medifacts Campus
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RBI OK with teaser home loan rates
Teaser home loan rates, which are in the eye of the storm for their ability to lure home buyers with their relatively easier initial years' payment schedule, have received a boost customers must understand the risks. Teaser rates are special lending rates offered by banks to attract customers and are usually well below prevailing market lendand have a reset clause afteInterest rates are unlikely to rise in the short term despite inflation being 'still too high for comfort,' Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said on Wednesday.
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SAGEZZA
Interest rates unlikely to rise in short term: Montek
: Interest rates are unlikely to rise in the short term despite inflation being 'still too high
for comfort,' Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said on Wednesday. The Reserve Bank has raised benchmark rates twice since March by a total of 50 basis points and has flagged more increases to control headline inflation which is close to 10 per cent. "I am sure the interest rates will not rise, if you are referring to the adjustments of the short-term rates like the repo rate by the RBI (Reserve Bank of India)," he said. The repo rate is the rate at which the RBI lends to banks. Several central banks in Asia, including those in Malaysia, Singapore and China, have started tightening monetary policy as the region recovers from the global downturn faster than the rest of the world. However, inflation has taken off in India more than elsewhere. Much of the country's inflationary pressures were initially on the supply-side as a result of the 2009 monsoon failure that pushed up food prices. But RBI Governor Duvvuri Subbarao said on Monday rising prices for food, fuel and wages are making inflation a generalised and demand-side problem. "I am concerned that it (inflation) is too high for comfort right now," Ahluwalia said, adding he expected food prices to ease in the next two to three months. "This season very good harvest (wheat) is coming in. There is ample stock of foodgrain in the country. So the inflation psychology would be broken," Ahluwalia said. The wholesale price index (WPI) is currently nearing the double-digit mark, with the March-end figures at 9.90 per cent, much higher than the RBI estimates of 8.5 per cent. "I am concerned about the current inflation (WPI). It is too high for comfort right now," he said. "In next 2-3 months we will see decline in inflation." Last week, the central bank raised its key interest rates by 25 basis points to 5.25 per cent and 3.75 per cent respectively. It also increased bank reserve requirements to 6 per cent from 5.75 per cent. A poll conducted after last week's policy review found a small majority of economists expected another increase in rates by end-June, which would be before the RBI's next scheduled quarterly review in July.
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MARKETING
Sales promotion -a cutting edge marketing tool
Sales promotion is one of the most measurable and directly effective marketing techniques. Sales promotion offers tangible rewards or the opportunity to receive tangible rewards in return for a given action or a change in purchasing behavior. It is a marketing technique that encompasses a wide range of tactics including loyalty promotions, trade incentive schemes, consumer incentive schemes, games, competitions, premium promotions – normally free gift with purchase, and special offers for example, buy two get one free. Sales promotion can certainly be one of the most effective marketing techniques and can be used to achieve a number of objectives. Probably the most common objective of a sales promotion campaign is to encourage loyalty, this is most frequently seen in the forecourt promotions run by the petrol station chains or in the loyalty card schemes operated by the major retail chains. Competitions and games can be used to encourage trial purchase or sometimes simply trial, as often seen for example in their usage by car retailers when offering the opportunity to win for example a holiday in return for taking a test drive. Premium promotions are also frequently used to encourage trial purchase, a premium promotion would typically entail giving a free gift with purchase. One of the advantages of this type of premium promotion is that the gift itself can be branded so as to keep the brand logo and slogan of the supplier in the purchaser’s mind. Trade incentive and customer incentive schemes offer rewards to clients and customers in return for making a given level of spend during a set time period of time. Rewards vary in nature but in a business to business environment may be business related items such as equipment or free extra products, etc. In consumer markets the rewards are more likely to be consumer goods or holidays, glassware, dinnerware, household goods and garden tools have commonly been used. Whilst sales promotion can be very effective and is also a relatively inexpensive form of marketing, it is also a minefield. Many laws control sales promotion, for example, it is illegal to require a consumer or business to spend in order to take part in a competition unless skill is the only factor which will determine who will win. Hence the frequent use of tie breaks in competitions. For this reason when developing a sales promotion it is always a good idea to enlist professional advice or at the very least to consult a specialist law book such as Sales Promotion Law by Circus & Painter. To achieve the required objectives it is important that a sales promotion is well thought through and professionally presented and promoted. For instance, if you are offering a reward such a holiday in return for a given level of spend over a set period of time, think about how much you can reasonably ask customers to spend in that period in order to act as an incentive for them. Also think about whether the additional revenues from sales will cover the costs of the promotion. When developing a competition think about what type of prize will entice your target market to want to enter. If you get everything right , the rewards can be big
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HUMAN RESOURCE MANAGEMENT
HR Managers today are focusing attention on the followinga) Policies- HR policies based on trust, openness, equity and consensus. b) Motivation- Create conditions in which people are willing to work with zeal, initiative and enthusiasm; make people feel like winners. c) Relations- Fair treatment of people and prompt redress of grievances would pave the way for healthy work-place relations. d) Change agent- Prepare workers to accept technological changes by clarifying doubts. e) Quality Consciousness- Commitment to quality in all aspects of personnel administration will ensure success. Due to the new trends in HR, in a nutshell the HR manager should treat people as resources, reward them equitably, and integrate their aspirations with corporate goals through suitable HR policies.
NEW TRENDS IN INTERNATIONAL HRM
International HRM places greater emphasis on a number of responsibilities and functions such as relocation, orientation and translation services to help employees adapt to a new and different environment outside their own country. Selection of employees requires careful evaluation of the personal characteristics of the candidate and his/her spouse. Training and development extends beyond information and orientation training to include sensitivity training and field experiences that will enable the manager to understand cultural differences better. Managers need to be protected from career development risks, re-entry problems and culture shock. To balance the pros and cons of home country and host country evaluations, performance evaluations should combine the two sources of appraisal information. Compensation systems should support the overall strategic intent of the organization but should be customized for local conditions. In many European countries - Germany for one, law establishes representation. Organizations typically negotiate the agreement with the unions at a national level. In Europe it is more likely for salaried employees and managers to be unionized.
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Human resource management
Healthcare Reform Update: Grants for Workplace Wellness Programs The Patient Protection and Affordable Care Act (PPACA) creates a grant program to assist small businesses to provide comprehensive workplace wellness programs. Grants will be awarded to eligible employers to provide their employees with access to new workplace wellness initiatives. The grants will be awarded beginning in 2011 with $200 million appropriated for a five-year period. An eligible employer is an employer that: Employs fewer than 100 employees who work 25 hours or more per week, and Did not have a workplace wellness program as of March 23, 2010 (date of PPACA's enactment).The PPACA requires the Secretary of Health and Human Services to develop program criteria that are based on research and best practices. A comprehensive workplace wellness program must be made available to all employees and include
Efforts to maximize employee engagement (including mechanisms to encourage employee participation) Initiatives to change unhealthy behaviors and lifestyle choices (including counseling, seminars, online programs, and self-help materials) Supportive environment efforts (including workplace policies to encourage healthy lifestyles, healthy eating, increased physical activity, and improved mental health)
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ENVIRONMENT
Economic magic, environmental failures
Pollution. Deforestation. Wildlife trade. The aspirations of more than one billion people. These are some of the critical issues that India grapples with every day.Across India, concern is mounting over an ever growing list of environmental problems. More people means increased pressure on natural resources (from water to forests), while an economy in high-gear is leaving a trail of pollution that’s affecting not only India, but the rest of the world too. Deforestation India is witnessing a rising demand for forest-based products. This is causing deforestation and encroachment into forest protected areas, which leads to a severe loss of natural resources. It is estimated that total industrial roundwood consumption in India could exceed 70 million m 3 per year by the end of the decade (350,000 large shipping containers), while domestic supply would fall short of this figure by an estimated 14 million m3.1 As the nation will have to depend heavily on imports to meet this growing demand, there is fear that this could result in loss of high conservation value forests and biodiversity elsewhere. A thirst for palm oil India is a big edible oil consumer. In fact, it is one of the three largest importers of palm oil in the world, along with EU and China. Of these imports, 95% come from Indonesia and Malaysia, causing negative social and environmental consequences in these exporting countries. Conversion of natural forests for cultivating oil palm is a major threat to biodiversity and livelihoods in the tropics. Most of the lowland rainforest on the Indonesian island of Sumatra has already been lost, largely because of the clearance for oil palm and pulp wood plantations. With the global demand for palm oil expected to increase from 28 million tonnes at present to about 50 million tonnes in 20302, there are very serious concerns that this will happen at the expense of biologically and economically important forests. Pollution Increasing competition for water among various sectors, including agriculture, industry, domestic, drinking, energy generation and others, is causing this precious natural resource to dry up. Increasing pollution is also leading to the destruction of the habitat of wildlife that lives in waterways.
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TECHNOLOGY
Apple's WWDC opens June 7
Apple on Wednesday announced the dates for this year's World Wide Developers Conference, the annual gathering for the company's third-party developer community The event will take place June 7 through 11 at the usual place, San Francisco's Moscone Center. This year will be the first time sessions will be offered on making applications for the iPad, which went on sale in early April. Other sessions will focus on the new iPhone OS 4 and Mac OS X. There is no mention in Apple's announcement of who will give the traditional keynote speech on the opening day of the conference. Last year Senior Vice President of Worldwide Marketing Phil Schiller got the call while CEO Steve Jobs was away on medical leave. Since Jobs is back in action there's no reason to assume he won't be on stage that day. If he does appear, it will be the second high-profile public event for Apple's chief in less than a week; Tuesday it was announced that Jobs will be the kick-off interview to open the D: All Things Digital conference in Los Angeles on June 1. The opening WWDC keynote speech has traditionally been the event where Apple announces details about the next version of the iPhone, including sales dates and specs. This year's conference comes hot on the heels of the uproar over the lost "iPhone 4G."
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ECONOMY
Oil rises towards $83 as US gasoline stocks fall
LONDON: Oil rose towards $83 a barrel in volatile trade on Wednesday, as a drop in gasoline stocks in the United States and moves towards a larger plan to help severely indebted Greece overshadowed mounting crude stocks. Stocks of crude oil in the United States rose by 1.9 million barrels last week, the US Energy Information Administration (EIA) said, topping analysts' expectations. "We've seen crude builds in 12 out of the last 13 weeks, and crude is still over $80 (a barrel)," said Jason Schenker, president of Prestige Economics in Austin, Texas. "Fundamentally, it's a bearish (EIA) report, but inventories aren't the main factor driving markets right now." Distillate stocks also rose, posting a gain of 2.9 million barrels, though gasoline stocks declined by 1.2 million barrels. US crude for June delivery fell to a low of $81.29, before paring losses to trade up 39 cents at $82.83 by 1509 GMT. Prices are down by more than $2 so far this week. London Brent for June delivery was down 20 cents at $85.58 a barrel. A day after ratings agency Standard & Poor's cut Athens' debt status to junk, news that a larger joint eurozone and International Monetary Fund aid package for Greece was imminent helped to underpin investments into risky assets such as energy. A eurozone/IMF aid package for Greece will be worth 100-120 billion euros over three years, according to IMF Managing Director Dominique Strauss-Kahn, opposition members of Germany's parliament said after meeting him. US equities rose on Wednesday as details emerged of the plan. European shares had earlier slumped to a seven-week low while the euro hit a one year-low against the dollar before bouncing to trade higher on the day. Oil and other dollar-denominated commodities tend to move in the opposite direction to the greenback, as a weaker dollar makes them cheaper for other currency holders and vice versa. "The negative side (is) focusing on yesterday's break of the 50-day moving average, ongoing worries about Greek debt, and an increased likelihood of position limits and financial regulation," said MF Global analyst Tom Pawlicki. "The positive side will cling to the belief that investment can be maintained and save the market from falling." In the past two days, oil prices have twice fallen below the 50-day moving average, a key technical indicator that often proves a battleground for optimists and pessimists in the market. The 50-day moving average is currently at $82.10.
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POLITICS
BJP Withdraws Support To Jharkhand Government
The Bharatiya Janata Party (BJP) withdrew its support from Jharkhand government because Chief Minister Shibu Soren voted against the cut motion in Lok Sabha. Ananth Kumar, BJP general secretary also said that Shibu Soren "behaved in a dubious manner and voted against the cut motion" further mentioning that Soren's "betrayal" has been taken at a "very serious note" by BJP parliamentary board. Nitin Gadkari, BJP president led the parliamentary board and L.K. Advani along with opposition leaders of both houses Arun Jaitley, Sushma Swaraj Sushma Swaraj and Arun Jaitley, Jharkhand Deputy Chief Minister Raghuwar Das, former chief minister Arjun Munda and senior party leader Yashwant Sinha attended it. Ananth Kumar said that the party‟s decision will be conveyed to Jharkhand Governor M.O.H Farookh. Jharkhand Mukti Morcha (JMM) is one of the members of United Progressive Alliance (UPA) and its Jharkhand government is backed by BJP. Soren formed the government with the backing of 18 BJP legislators, two Independents and five All Jharkhand Students Union members.
Phone Tapping Controversy: Jayalalitha Demands Raja's Sacking
The Phone tapping case has taken a ferocious turn with politicians like Jayalalitha demanding the sacking of Communications Minister A. Raja and the cancellation of transfer of CBI officer Vineet Agrawal who was investigating the case. Jayalalitha, the leader of opposition in Tamil Nadu and AIADMK General Secretary took a firm stand today on the issue in the Lok Sabha and MPs from JD-U and the Left Parties joined her in voicing their discontentment. Jayalalithaa today said, "It is a great credit to opposition unity that the controversy-prone former minister of state for external affairs Shashi Tharoor was made to resign soon after doubts were raised with reference to his involvement in dealings relating to the Kochi franchise of the Indian Premier League (IPL) team." She also said, "Tharoor's guilt has not been proved. Yet, in the highest traditions of democracy, he chose to quit. Now that this healthy precedent has been set, it would only be fitting if the central government demonstrates that the Tharoor resignation was no aberration and that the government means business in all matters relating to its collective integrity and honesty." She added, "The charges against Tharoor were made by an interested party in the IPL. The charges against Raja have been levelled by many independent political parties of integrity and validated by the media, investigating agencies, the Central Vigilance Commission, the Comptroller and Auditor General of India and even the courts of law." Jayalalithaa pointed out that the acts of omission and commission carried out by Raja have caused a loss of about Rs.60,000 crore to Rs.100,000 crore to the government and the people. Pointing out at the apparent foulplay in the transfer of Agrawal she said, "The implications are obvious. The central government has succumbed to pressure from the DMK to give the case a quiet burial." Jayalalitha said that Raja should be sacked from the Union Cabinet and Agrawal should be brought back so as to investigate the case in entirety.
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SPORTS
' 'BCCI not given fee for IPL share transfers'
The Cricket Board was yet to receive its due share of five per cent as transaction fee for transfer of shares by IPL franchisees Rajasthan Royals and Kings XI Punjab, BCCI chief Shashank Manohar said on Monday. Manohar said that Bollywood star Shilpa Shetty and her husband Raj Kundra, who were sold 12.5 per cent of Rajasthan Royals franchise stakes by the original owners – Emerging Media of United Kingdom, are not named as share holders in the documents available with the Board. The Board was also awaiting a similar fee from the Kings XI Punjab franchisees as Bollywood star Preity Zinta, a current stakeholder, was not holding a single share when the bid for the Mohali franchise was successfully made by her and subsequently got some shares in the team, Manohar said at a press conference here. In both these cases neither the permission of the IPL Governing Council was taken as required nor was the BCCI paid its due share of five per cent transaction fee, Manohar said.
IPL 2010 WINNER
The Big Game, Big Shots and a Big win for the Chennai Super Kings…thats the result of the final match of IPL 2010. Chennai Super Kings winner of IPL 2010 series played a spectacular game to win the match at the DY Patil Stadium, Navi Mumbai.Chennai Super Kings beat Mumbai Indians by 22 runs in the final to become the champions of the 3rd season of Indian Premier League.Chasing a target of 169 runs, the mumbai team could only manange with 146/9 - MI were never dismissed (all out) in a tournament where they dominated till the very end where they failed to finish. Earlier, Chennai Super Kings won the toss and captain MS Dhoni elected to bat first. They had a slow start, struggled in between but managed to make a decent and defendable score of 168 runs. Mumbai Indians had a very slow start with the 1st over itself was bowled maiden and kept losing wickets at regular intervals. But just when everyone thought it was all over for Mumbai Team, Kieron Pollard ensured that he will not let the CSK team to take away the title easily and smashed Bollinger for 22 runs in the 18th over, including two boundaries and two sixes.But Albie Morkel bowled an excellent over that resulted in the wickets of Rayudu and Pollard – to make a final over a mere formality and make them reach their final destination – IPL 2010 Trophy.
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ENTERTAINMENT
Mirchi, Airtel bring stations on the move
Radio Mirchi will power a service that will allow Airtel mobile users to access Radio Mirchi stations in a dozen regions, including Hyderabad, Mumbai and Delhi. The service will be hosted on a technology platform powered by Spice Digital. “Mobile radio is going to be a good business proposition in the coming months. We want to leverage it now. Radio is a very big draw among the Indian population,” said Prashant Pandey, CEO of Radio Mirchi. The radio channel is also looking at similar alliances with other mobile service providers in the country to expand the service network, Mirchi Mobile is a platform where Airtel users can dial 59830 and start listening to the radio station of their choice. This means that an Airtel customer in Karnataka will be able to listen to Mirchi in Kannada, Telugu, Malayalam, Tamil, Hindi and many other languages, simply by subscribing to the service for Rs 10 a week. Through the service, Mirchi Mobile is targeting the migrant population who are far from their homes and would be able to listen to radio in their native language “The private radio industry, which has seen an influx of a number of private players, is currently worth around Rs 800 crore and is growing at an annual average rate of 30% while the Indian mobile industry has over 500 million users with over 15 million users being added every month.
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MEDIFACTS
Fish oil doesn't benefit the brain, study shows
Fish oil may be good for your heart, but it doesn't seem to help preserve your smarts, a new two-year study shows. "This is an important finding because a lot of people are taking fish oil in the hopes that it will be good for their cognitive function," Dr. Alan D. Dangour of the London School of Hygiene and Tropical Medicine in the UK, one of the study's authors, told Reuters Health. But he didn't rule out the possibility that taking fish oil for a longer period of time might have beneficial effects.
Women’s health
There are many tips that will help ensure you to take proper care of yourself and leave yourself as healthy and happy as possible. One of the best things that you can do is, start to put yourself first, leaving all the priorities at back. And for proper health and wellness you need to look good to feel good. It only takes a little more than 10 minutes of physical activity a day to start seeing and feeling the improvements, and to live longer. Any additional activity on top of that is just going to help boost your overall health and maximize your life span. Drinking a cup of tea a day is one of the best ways of maximizing your life span and to maintain good health. Green tea as well as black tea contain great amounts of caffeines which are responsible for the risk of cancer as well as many forms of heart diseases. Strong legs are important for women's well-being Most women in their 70's and 80's tend to decline in their health rapidly because of hip fracture mostly caused when they fall down. Once that happens, the immobilization prevents them from getting their much needed exercise to ensure a healthy lifestyle. This problem can easily be prevented by doing some simple thigh and leg exercises on a daily basis.
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CAMPUS
PG day:
The annual PG day was held on the 17th of April, 2010. The preparation for the event had begun weeks in advance. The entire auditorium was decorated to suit the event. The chief guest of the day was Mr.Bhalla, General Manager Dell. The outstanding students of the various departments were felicitated for their hard work and dedication towards their studies. The program included dance performances by students of MBA, MFA and MCA as well as a play by the MA students. Books compiled by the students of various departments were also launched like notebook, Soch-MBA and . At the end of the event at the guests, staff, students and their relatives were treated to a lovely lunch.
Seniors Farewell:
„All good things come to an end‟, this was on every 2nd year MBA students mind on the 24th of April, 2010 as their juniors bid them farewell. The program was held at 11.00am based on the theme „Angels and Demons‟. The 2nd year MBA‟s were dressed as Angels and the 1st year MBA‟s and MFA‟s as the demons. The venue was decorated to suit the theme with seating arrangements made to accommodate the angels on the right side and the demons on the left side. The organizers had various games like “funny awards” which comprised of “the student who comes late to class, the student who sleeps in class, etc”,a chit bearing the days theme was pasted below a chair and the student who sat on that chair was given a gift. The outgoing students were given a memento which comprised of a keychain and a pen with the students individual names inscribed on it. Silvia Pinto spoke on behalf of the entire 2nd year MBA. The day concluded with dance performances by Neetu and Roma from 1st year MBA and by serving delicious snacks to one and all present for the occasion.
IMPETUS: Prof. Anirban Ghatak
DESIGNING: Benzia FINANCE: Ekta Chheda, Mona Lisa Lo; Benzia, Asha Christina HUMAN RESOURCES: Ekta Chheda, , Kavita M, Priyadarshini MARKETING: Ekta Chheda; Jesin, rajshri POLITICS: monalisa ENVIRONMENTAL ISSUES: Ekta Chheda SPORTS: Ekta Chheda; Tejesvinee.C MEDIA AND ENTERTAINMENT: Rebecca Sunder; Sana Sanwar AT THE CAMPUS: Ekta Chheda, benzia 