Weeklu Business Digest

In: Business and Management

Submitted By ajusal
Words 2245
Pages 9
2009

Weekly Business Digest
Week ending July 5, 2009

[TYPE THE DOCUMEN T TITLE]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the Networth – Everything finance document.] The Finance Club of IIMB 05/07/2009

Table of Contents India Business News World Business News Food For Thought

INDIA BUSINESS NEWS

Indian Stocks Advance, Driving Sensex Higher for a Second Week India’s stocks rose, driving the benchmark index higher for a second week, led by Larsen & Toubro Ltd. (L&T), after the government pledged investment in the nation’s railways and left freight and passenger fares unchanged. L&T, the largest engineering company, added 2.6%. Tata Steel Ltd., the biggest producer of the metal, increased 4.2% on speculation it will avoid higher costs to transport raw materials after the government announced the railway budget. on June 15, the Bombay High Court had ordered RIL to sell the gas for 44% less than the government-set price.

Indian business in declined 20%: FICCI

Gulf

has

ABG Plans to Raise $150 Million to Fund Expansion ABG Shipyard Ltd., bidding for control of Great Offshore Ltd., plans to raise $150 million to fund expansion, reviving a proposal from April last year. ABG, which originally sought to raise $200 million, will seek shareholder approval for the new plan on July 7, Chief Financial Officer Dhananjay Datar said in an interview in Mumbai, where the company is based.

Indian companies with interest in the Gulf have witnessed their business in the region decline by 20%. According to Federation of Indian Chambers of Commerce and Industry (FICCI), strict visa rules in many countries in the Middle East are obstructing easy flow of manpower for project execution.…...

Similar Documents

Digest

...Namarco vs. Tecson 29 SCRA 70; No. L-29131 August 27, 1969 Ponente: Concepcion, CJ. Facts: • November 14, 1955: the Court of First Instance of Manila rendered judgment in Civil Case No. 20520 ent itl ed “Price Stabilization Corporation vs. Miguel D. Tecson and Alto Surety and Insurance Co., Inc.” o Defendants will jointly and severally pay plaintiff PRATRA the sum of P7,200.00 plus 7% interest plus P500.00 for attorney’s fees , and plus costs. o Defendant Miguel Tecson must indemnify Alto Surety and Insurance Co., Inc. • November 21, 1955: A copy of the decision was served upon the defendants. • December 21, 1965: National Marketing Corporation, the successor of Price Stabilization Corporation, filed a complaint, Civil Case No. 63701, against the same defendants for the revival of the judgment rendered in Case No. 20520. • Defendant Miguel Tecson moved to dismiss said complaint based on the lack of jurisdiction over the subject matter and prescription of action. • February 14, 1966: Court issued an order reading which stated that: o Lack of jurisdiction: the matter of jurisdiction must be admitted. o Prescription: Plaintiff admits that court decision became final on December 21, 1955. Case was filed December 21, 1965. The Plaintiff forgot the 1960 and 1964 were leap years and so, more than 10 years have passed. A year having 365 days each (Art 13, Civil Code of the Philippines). o The complaint made by Namarco was dismissed as having been......

Words: 759 - Pages: 4

Digest

...FELIPE REGALADO vs. JOSE YULO GR.No. L- 42935 FEBRAUARY 15, 1935 This is an action of quo warranto to determine the respective rights of the Felipe Regalado, the petitioner and Esteban T. Villar, one of the respondents to the office of justice of Malinao, Albay. On April 12, 1906, the petitioner, Felipe Regalado, qualified for the office of justice of the peace of Malinao, Albay. On September 13, 1934, Regalado became sixty-five years of age. Thereafter, acting in accordance with instructions from the Secretary of Justice, the judge of first instance of Albay designated Esteban T. Villar, justice of the peace of Tabaco, Albay, to act as justice of peace of Malinao, Albay. Regalado protest to the office of Villar. On December 17, 1934, Villar qualified for the position and entered upon the discharge of the duties of the office. The text of section 203 of the Administrative Code, as amended by Act No. 3899, reads in Spanish, the language in which this Act was enacted by the Philippine Legislature, Petitioner Regalado insists that the law is clear and needs no interpretation. According to him, only those justice of the peace and auxiliary justices of the peace ceased to hold office who had completed sixty-five years of age on or before November 16, 1931, when Act No. 3899 took effect. The Solicitor-General, as attorney for the respondents, admits that the provisions of the second proviso added to section 203 of the Administrative Code by Act No. 3899, are not very......

Words: 565 - Pages: 3

Digests

...Dekada 70 : Reaction Paper The movie “Dekada 70” was a reflection of the Philippine situation way back the said decade and there were various cases with regards to human rights violations. The oppressive administration of the then president marked tremendous ordeals to people borne the said time. Some of the most notable human rights violations that I have observed while watching the film was the oppression of the lead actress in the person of Ms. Vilma Santos. She was confined in the limitations of her home and for caring for her husband and children. She was forbidden to have a career of her own and was most of the time disregarded when she aired out reflections of her own opinion on things. Another thing that caught my attention was the strict adherence to marriage. Men seemed to think that time that they were God’s gift to women and by so saying, it showed how little women’s voice are given importance when talking about their consent on whether or not they want to be married. It was also an open knowledge to us who were not even borne during the said decade that the freedom of speech was not all free. Many of the press were forbidden to freely write and broadcast about the situation faced during the then administration. Education was also manipulated and many people had to keep themselves on their toes. The student activists and the street rallies were so brutal and many feared for their lives or for the lives of their......

Words: 701 - Pages: 3

Digest

...FAR EASTERN UNIVERSITY January 2013 RESEARCH DIGEST UNIVERSITY COUNSELING AND CAREER OFFICE An Annual Publication of UCCO Volume 1 Issue 2 Continuously Contributing to the Holistic Development of FEU Students This research digest is an informative tool of the University Counseling and Career Office with its major goal, to analyze and contribute novel ideas, towards the growing field of guidance and counseling. The main objective of which is to intensify the holistic welfare of the FEU students. Furthermore, this digest features the scholarly work of the adept and experienced team of the UCCO focusing on the counselor-based programs and action plans. With this, the team is delighted to share with you this annual digest as a response to the emerging needs and for the sustenance of the value of excellence of the Institution. POINTS OF INTEREST Page 2 UCCO’s SWOT Analysis, Nature of Counseling and Special Cases: Basis for a Comprehensive FEU-UCCO Guidance Program A Five Year Cross-Sectional Survey of FEU Institutional Exit Interviews An Evaluation on the Needs Assessment as Basis for Revision of ACE Modules College Adjustment Level of F r e s hm e n I nt e r na t i o na l Students Profile of FEU Students under the Selective Retention Policy Learning Style Profile of Freshmen Students of FEUMakati Psychological and Adjustment Problems Among Freshmen Architecture Students Results of the Module Evaluation on Leadership and Self-Empowerment Page 3 Page 4 Page 5...

Words: 6378 - Pages: 26

Leadership Scholar Digest

...Leadership Scholar Digest David McClelland is a world renowned academic, scholar, and author of psychological behavior and motivation theory with over a dozen books and articles to his credit. This essay will make no attempt at enumerating or discussing all of Dr. McClelland’s contributions to the scientific community; rather my intent is to present a critique of his conceptualization of leadership, outline his theoretical grounding, and discuss the key features of his theories. Contributions McClelland’s contributions to leadership are centered on human motivation and how these motivations affect people in the managerial context. In 1961, he published “The Achieving Society” in which he identified three motivators that were common to everyone in varying degrees: 1) Achievement 2) Power 3) Affiliation (McClelland, 1977) According to McClelland, each of these motivators exists to varying degrees in each of us, and are learned, or socially developed. Individual action is to a significant degree driven by the combination of these attributes. In “The Achieve Society”, McClelland point out that in most cases people aren’t normally aware of what drives them, despite the fact that the combination of these motivators significantly impacts how they work with others and the types of roles that best suites them (McClelland, 1961). Achievement Achievement oriented people are driven to master complex challenges, to overcome goals, find solutions, and they enjoy......

Words: 1308 - Pages: 6

Case Digest

...engaged in credit financing. Graciela Eleazar, private respondent, is the president of B.E. Ritz Mansion International Corporation (BERMIC), a domestic enterprise engaged in real estate development. The other respondent, Armed Forces of the Philippines Mutual Benefit Asso., Inc. (AFP-MBAI), is a corporation duly organized primarily to perform welfare services for the Armed Forces of the Philippines. Reyes petitioned two resolutions. On the resolution dated January 23, 1992 for the complaint against Graciela Eleazar in which both parties entered into a contract of loan being Reyes as the creditor and Eleazar as the debtor with no collateral but with a higher interest amounting to P216.053,126.80 for the construction of Condominium and Gold Business Park of Eleazar. In return, Eleazar issued 21 postdated checks to cover payments of the loan packages. However, when those checks were presented for payment, the same were dishonored by the drawee bank, Rizal Commercial Banking Corporation (RCBC), due to stop payment order made by Graciela Eleazar. Despite Eurotrust's notices and repeated demands to pay, Eleazar failed to make good the dishonored checks, prompting Reyes to file against her several criminal complaints for violation of B.P. 22 and estafa under Article 315, 4th paragraph, No. 2 (d) of the Revised Penal Code. Meanwhile, respondent AFP-MBAI which invested its funds with Eurotrust, by buying from it government securities, conducted its own investigation and found that......

Words: 987 - Pages: 4

Restriction Digest

...Introduction: The purpose of this experiment was to successfully transform pGLO plasmid into E.Coli cells. In the first segment of this laboratory exercise, one had to carry out a restriction digest. Restriction digestion is the process of cutting DNA molecules into smaller pieces with special enzymes such as, BamH1 and EcoR1. One had to determine which of the two plasmids, A or B, were pGLO or pWEB. A plasmid is a small circular DNA strand in the cytoplasm of a bacterium (Isite, 2013). In order to determine that, one had to use BamH1 and EcoR1 on two tubes each one with plasmid A and the other with plasmid B to observe the cuts made by each enzyme. The hypothesis for this segment of the laboratory exercise states that pGLO was plasmid B, and pWEB was plasmid A. PGLO is a plasmid which contains green fluorescent protein (GFP). GFP is found in the Aquarius Victoria jelly fish. These jelly fish have a bioluminescent protein that emits blue light. GFP converts the blue light into green light, and that is why these jelly fish emit green light. The pGLO was inserted into E.coli by using transformation. Transformation is the process of transferring genetic material between microbial cells (Tu 2008). Bacterial cells need to be in a state of competency prior to transformation (Isite 2013). Some bacteria naturally achieve this stage when nutrients and oxygen are low (Isite 2013). In the laboratory, bacteria were artificially induced with calcium chloride to be competent for......

Words: 1647 - Pages: 7

Nintendo Case Digest

...Nintendo Case Digest – Team Pops BA 170 THR Nintendo, a pioneer of home video game consoles, has redefined how video games are to be played in this modern age. The innovative Nintendo Wii, with its unconventional remote-like game controller, proved to be a huge success for the Japanese corporation, instantly taking the top spot again after almost a decade of trailing behind Sony and Microsoft in the realm of video game consoles. Positioning Wii to become the go-to-game console of hardcore and non-traditional gamers alike, Nintendo enjoys the best of both worlds. Customers find that they can now enjoy playing video games with their families instead of playing by themselves – a new kind of fun which they cannot get from playing a PS3 or an Xbox 360. Adding to this, customers are convinced to jump ship from Sony and Microsoft for a cheaper yet family-friendly Nintendo console. While Sony and Microsoft lose money for every PS3 and Xbox 360 they sell, Nintendo has already been making huge profits from each unit of Wii sold. The Wii phenomenon is not a mere lucky strike but rather an adept execution of the Blue Ocean and the Sumo business strategies. Rather than having a bloody battle with the graphics-superior console makers in the hard-core gamers segment, Nintendo looked for a blue ocean. It launched its Wii console to serve a larger audience – the family. Unlike the competent individualistic gamers who search for intense visual effects and game play, the family......

Words: 1294 - Pages: 6

How the Body Digests Food

...The human body uses its organs and glands to process and digest food. The whole process starts with putting food into the mouth and using teeth to chew up the food. As teeth are chewing up the food salivary enzymes which are produced by salivary glands are used to transform food into a bolus which enters the pharynx where it is swallowed. At this point the bolus enters into esophagus which is a tube that links pharynx to the stomach. After the bolus goes through the esophagus it then moves into the stomach. While In the stomach the bolus merges with acid gastric and then becomes partly digested. At this point the bolus mass is changed into chyme. From the stomach the chyme moves into the duodenum which is the beginning of the small intestine. From the beginning part of the small intestine the chyme moves to jejunum. Then the chyme moves to ileum which is the last part of the small intestine. While the chyme is in the small intestine the food digestion and absorption is assisted by production of bile in the liver and then warehoused in the gallbladder. At this point the large intestine becomes part of the process. The bolus passes through a sphincter which is part of the organ that keeps the chyme mixing into both intestines. While in the large intestine the colon absorbs water and vitamins. The whole process ends with the remaining waste which is not absorbed continues through colon then travels into the rectum. From the rectum the remaining chyme travels into the......

Words: 292 - Pages: 2

A.C. Digests

...wife of Francisco. Issue: Whether or not the deed of donation inter vivos executed by Francisco in Arcaba’s favor was valid. Arguments: Petitioner: Cirila said she was a mere helper who could enter the master's bedroom only when the old man asked her to and that Francisco in any case was too old for her. She denied they ever had sexual intercourse. Respondent: Tabancura, a niece of Francisco, claimed that Francisco had told her that Cirila was his mistress. Supreme Court Ruling: The court in this case considered a sufficient proof of common law relationship wherein donation is not valid.   The conclusion was based on the testimony of Tabancura and certain documents bearing the signature of “Cirila Comille” such as application for business permit, sanitary permit and the death certificate of Francisco.  Also, the fact that Cirila did not demand her wages is an indication that she was not simply a caregiver –employee. Cohabitation means more than sexual intercourse, especially when one of the parties is already old and may no longer be interested in sex at the very least, cohabitation is a public assumption of men and women holding themselves out to the public as such. Hence, the deed of donation by Francisco in favor of Cirila is void under Art. 87 of the Family Code. ------------------------------------------------- Case: Valdes VS RTC, G.R. No. 122749.  July 31, 1996 Facts: Antonio Valdez and Consuelo Gomez were married in 1971 and begotten 5 children. ......

Words: 6479 - Pages: 26

For This Magazine, Internal Audit Proved Hard to Digest

...Case Study – FOR THIS MAGAZINE, INTERNAL AUDIT PROVED HARD TO DIGEST Janet Leonard AC 562 – Auditing: An Operational and Internal Perspective Including Fraud Examination This case revolves around the globally renowned company, Reader’s Digest. Best known for its popular magazine of the same name, the company is one of the world’s largest direct-mail publishing houses. As with other global companies, Reader’s Digest made a decision in the mid-1980’s to outsource a large portion of its direct-mail business to specialized mailing companies. Its Pleasantville, New York facility was to be converted into an office complex, complete with auditorium. The company hired Terrence McGrane as its chief internal auditor. Mr. McGrane set up meetings with the company’s vice presidents in an effort to learn more about the company. In an effort to learn the accounts coding system, Mr. McGrane borrowed some recently processed invoices from the accounting department. He then proceeded to his first scheduled meeting with the vice president of administrative services, Mr. Harold Scott. Part of Mr. Scott’s duties involved the oversight of construction projects, as well as maintenance services. According to the Association of Certified Fraud Examiners’ 2006 Report to the Nation, 25% of all fraud in large businesses is discovered by accident. Such was the case with Reader’s Digest. When Mr. McGrane showed Mr. Scott the invoices he had retrieved from accounting, Mr.......

Words: 1136 - Pages: 5

Narrative Digest

...answer carefully. I did not want to tell a lie yet I did not want to say anything that would seem platitudinous, insincere. But more important than these considerations, it seemed to me that moment as I looked towards my countryman, I must give him an answer that would not make him so unhappy. Surely, all these years, he must have held on to certain ideals, certain beliefs, even illusions peculiar to the exile. "First," I said as the voices gradually died down and every eye seemed upon me, "First, tell me what our women were like twenty years ago." The man stood to answer. "Yes," he said, "you're too young . . . Twenty years ago our women were nice, they were modest, they wore their hair long, they dressed proper and went for no monkey business. They were natural, they went to church regular, and they were faithful." He had spoken slowly, and now in what seemed like an afterthought, added, "It's the men who ain't." Now I knew what I was going to say. "Well," I began, "it will interest you to know that our women have changed--but definitely! The change, however, has been on the outside only. Inside, here," pointing to the heart, "they are the same as they were twenty years ago. God-fearing, faithful, modest, and nice." The man was visibly moved. "I'm very happy, sir," he said, in the manner of one who, having stakes on the land, had found no cause to regret one's sentimental investment. After this, everything that was said and done in that hall that night seemed like an......

Words: 3208 - Pages: 13

Business

...impact the business. So with this being noted here is a description of them all. Discuss the company’s competitors, and the strengths and weaknesses of each. In looking at the company’s competitors there are two nearby. The first company is Day Spa & Hair Salon in Richmond, Va. The Day Spa & Hair Salon is a serene, sophisticated retreat amid the bustle of the Short Pump Town Center in the heart of the West End of Richmond. The services being offered will be facial services, nail, feet, hair, and spa treatment. Day Spa & Hair Salon offer an signature to their products and services. In looking at the strengths of the company, the 100 years standing is an strength because that shows that there are values and trust within the company. Also the fact that they have continued customers shows that they provide great services for a long time. In looking at the weaknesses of the company I would say the prices of the products will be an issue as the people are not able to pay for expensive . So even though this is an competitor for Creative Innovations Beauty Salon & Spa. The second company is Precious One Salon and Spa, which is right in the heart of Richmond, Va. The services being provided are nail, feet, hair and spa treatments, which are convenient for all. The strengths of the company are that the company is willing to serve all people as this is important to the business. But when it looks into the weaknesses the company only been in business a few......

Words: 2110 - Pages: 9

Ucco Digest

...UNIVERSITY COUNSELING & CAREER OFFICE Research Digest Volume 1 │ Issue 1 │ April 2011 An Annual Publication of UCCO THE IMPACT OF THE ACADEMIC COMPETENCE EMPOWERMENT (ACE) PROGRAM ON THE ACADEMIC ADJUSTMENT OF FRESHMEN STUDENTS MERRIE CAROLYNE M. MATIAS, M.A., RGC ADARNA M. CIPRIANO, M.A., RGC, CCOP Guidance Counselor Institute of Arts and Sciences Guidance Counselor Institute of Tourism and Hospitality Management Freshmen year in college is a period of adjustment. While it offers opportunities that go well beyond the acquisition of an academic degree, it also brings pitfalls. A student’s first year of college, for instance, is critical not only for how much students learn but also for laying the foundation on which their subsequent academic success and persistence rest. Being cognizant to the complexities that a college life may bring, the University Counseling and Career Office of the Far Eastern University, in coordination with the various departments of the institutes, facilitates the implementation of the Academic Competence and Empowerment Program (ACE) to address the needs of its growing number of student-clients. It is composed of six (6) modules designed to assist freshman students in their adjustment to college life. The program aims to help the students acquire the necessary skills and competence that would enable freshmen to meet the demands of student life at the......

Words: 8952 - Pages: 36

Cisco Case Digest

...successfully because of problems such as upgrading software and also its failure in supporting some business process, CISCO was not one of them. The key success of CISCO was communication and cross- functional work in organization, (reeingineering), and team work. All of team members were directly involved in project. The belief that not only the management can make decisions but employee at bottom of pyramid can also share their ideas and be a part of decision-making process along with full training lead to success. CISCO did not update its old system but replaced the whole data of different departments with new system. That called “Reeingineering”. This helped the company to achieve quality, service and innovation. Reengineering is based on decentralizing the system, trying to change the old rule of controlling and the idea that only specialized staff could bring solutions. This system creates cross-functional community that helped better track the EPR launch. Team was composed of Information system leader, business leader, IT and Business consultant. In order to connect the old system with new one, company created data warehouse. Leaders were aware that EPR system should be compatible with their business process, so in one hand they build series of phases for implementing the system, and trained team to ensure they have technical skills, and on the other hand, they changed the business process to meet software compatibility. Step-by-step process helped them to......

Words: 522 - Pages: 3