Xed CA Newsletter Week Mar14- Mar20

8/22/2019 Xed CA Newsletter Week Mar14- Mar20

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NEWSLETTER2 Pages 14th Mar 2013 20th Mar 2013 www.xedintellect.c

BUSINESS NEWS

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

NEWS DIGEST

IN BRIEF

PERSONALITIES OF

THE WEEK

CORPORATE INTELLIGE

BSE Sensex

19008.10Dow Jones Ind Avg

14,455.82(as on 19th March 2013)

ECONOMIC

INDICATOR

RBI cuts repo rate by 25bps to

7.5%

COVER STORY

Egyptian President

Mohammed Morsi makes

first India trip

GLOBAL NEWS

Eurozone partners & IMF offer

help to rescue Cyprus from

bankruptcy

PopeFrancis

a weekly news bulletin

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MISCELLANEOUS NEWS

Join us on Facebook

Dr.K.ARe

STATE BANK OF INDI

PART TWO
http://www.facebook.com/pages/Xed-News/129116230504612


2/15

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Mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage

collection of mortgages. These securities must also be grouped in one of the top two ratings as determine

by an accredited credit rating agency, and usually pay periodic payments that are similar to coupo

payments. Furthermore, the mortgage must have originated from a regulated and authorized financi

institution. An MBS is a way for smaller banks to lend mortgages to its customers without having to wor

about whether the customers have the assets to cover the loan. This type of security is also commonly use

to redirect the interest and principal payments from the pool of mortgages to shareholders. These paymen

can be further broken down into different classes of securities, depending on the riskiness of differemortgages as they are classified under the MBS. This type of security is primarily traded in US markets.

BSE Sensex - 19008.10 (down 285.10 points) as on 19 March Moneycontrol.comThe BSE Sensex fell a massive 285.10 points on Tuesday on news that the DMK had decided to pull out from the UPgovernment at the centre. The 30 share index ended the day on 19008.10, recording its largest single day fall sincFebruary 28 this year. The possibility that the ensuing political uncertainty will severely cripple the governmentdecision to press ahead with key economic decisions hit investor sentiments because of the news.

Dow Jones Industrial Average - 14,455.82 (up 3.76 points) as on 19 March vcstar.coThe Dow managed to close on a gain of only 3.76 points on Tuesday despite opening higher in morning trade, gainin

as much as 62 points on a report indicating surprisingly large increase in home construction in the US market. Howeveit began lowering in the middle of the day as lawmakers in Cyprus debated the countrys contentious bailout plaproposed by lenders eventually rejecting it. The market became steady afterwards, closing with a small gain.

The United States of America is the worlds largest military spender, having a budget which is four times that of Chinathe second placed country on the list of top military spenders. China has still not been able to surpass the amounspent by the US on its military programmes, despite having taken over the top spot in various other metrics likimports and oil consumption. It is however becoming increasingly clear that the Chinese will overtake the Americans this rivalry sooner than most people believe, if current trends are followed, although the exact year or date remaiunclear. The 2013 edition of the Military Balance, published by the International Institute for Strategic Studies (IISSfrom London, reveals that the a point of equal spending can be reached as early as 2023. The estimate is arrived

after extrapolates Chinas annual growth of 15.8% on military spending since 2001, holding that the cuts in militabudget required under Americas sequestration remain untouched. The latest Chinese budget for military spending saa 10.7% annual rise, meaning China could overtake USA in the year 2032. On the other side, the projected overtacan be delayed by upto a decade if Chinas economy grows at a slower than expected pace or the country sharpincreases spending on the social sector to placate uneasy masses. It is also possible that America may increase its owspending in view of a China that is closing the gap.

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3/15

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India is going to extend its support to the revised US resolution against Sri Lanka at the UN Human Rights Counc(UNHRC). The new draft addresses most of New Delhi's concerns and officials say; it is something India will be able t"live with". The final draft, released by the US on Tuesday, will be upfor a vote on Friday. Sri Lanka has meanwhile rejected the reworkeddraft. On the other hand, The UPA government has yet again shownremarkable tenacity to continue survival, even as one of its majorally DMK left the alliance over the war crimes issue. However, amidall the brouhaha about premature elections and DMKs politicalrhetoric, some of the bigger issues related with Indias foreign policy

seem to have taken a backseat.

The Debate: The war crimes issue in Sri Lanka is not new. However, some recent media reports claim that ex-LTTchief Velupillai Prabhakarans son was executed in cold blood. It has also been reported that the Sri Lankan Army useexcessive force and butchered several LTTE soldiers while they were attempting to surrender. On the basis of themedia reports, human rights groups have raised clamour about independent investigations in Sri Lanka. While thesreports suggest that war crimes were indeed committed, they arent telling the entire story. There is strong evidenthat Sri Lankan Army could have ended the war in much lesser time if it had ignored the civilian population. Accordinto the UN reports, LTTE has used the civilians as a shield on many occasions. Hence, one should not take thconvenience of ignoring some facts to paint a gloomy picture of the Sri Lankan military and the government.

Experts suggest that it is a matter for Sri Lankans, Sinhala and Tamil to resolve. DMK on the other hand, is against thargument and wants India to raise demand for special rapporteurs for investigating the alleged genocide. It isdevelopment which should be seen in a larger context. State capitals are no more engaged in their regional politics an

now have a larger say in the international policies. TMC chief Mamta Banerjees active role in souring Indiarelationship with Bangladesh has been widely documented in the past. Similarly, Left parties have been held responsibfor lack of strong relations with the United States. The local parties in Kashmir are perhaps the biggest danger foIndias foreign policy directed towards Paksitan. Hence it remains to be seen that how an increasingly politically fedeIndia manages its noisy internal constituencies that have strong views on every aspect of foreign policy.

Policy Failures: While the interference from within its boundaries is a valid concerIndia hasnt done any better in the absence of it. Political parties in India for instanshowed no interest in Maldives. Therefore it was expected that India would proactive about saving its turf in the island nation. Nothing of the sort happened. TMaldives government cancelled an airport development contract it had awarded to tIndias GMR group in 2010. Its ex-president Mohamed Nasheed who has beenstrong supporter of India-Maldives relationship has been arrested recently. Tisland nation in Indian Ocean, some believe, is more friendly to China today than

ever was. This is not the first time China has taken advantage of Indias foreign polifailures. In the last decade China has been actively involved in the Indian Ocean, in one way or the other. China hbuilt port facilities in Pakistan and Sri Lanka and even in Bangladesh and Burma. In Seychelles, China has even beeallowed to build its own naval base. Moreover, China has scored a plus point over India by praising the progress SLankan government has made in post-war reconciliation. It is expected to vote against the US-sponsored resolution the UNHRC.

All these developments are very critical from geo-political perspective. India is surroundedby a troubled neighbourhood and its habit of remaining unperturbed by the happenings inthese neighbouring states has been a cause of worry for many foreign policy experts. Itoften tries to disassociate itself from its responsibilities by what it suggests is respectingthe sovereignty of other nations. This laidback approach has resulted to worsening ofcrises in these regions.

Pressing Concern: As the DMK has withdrawn its support from the Government, talksabout pre-mature elections are gaining momentum. The Government is finding it hard toassert that it is absolutely stable and not lame duck, amid BSPs promise to stand bythe UPA even as SP kept it guessing. Markets have taken this news very seriously as BSEsensex plunged by 285 points in a single day. Markets are worried that after DMKs blow,the government would be more dependent on SP & BSP which in turn would affect itspolicies towards reducing inflation and CAD. The decision to raise Diesel prices marginallyevery month can be roll backed. This would again put OMCs back into the slump.

It is obvious that in the absence of a stable and well defined foreign policy, India hascontinued to remain at the losing end. While immediate effects of these policy failures maynot be very disturbing, in the long run they sure will matter a lot.


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Pope Francis 266th Pope of the Catholic Church

In a subtle sign that the Roman Catholic Church is slowly but surely losing its rigidity, the papconclave has elected Jorge Mario Bergoglio as the 266th Pope of the Catholic Church and as tSovereign of the Vatican City State. Bergoglio chose Francis as his papal name in honour of SaiFrancis of Assisi a noble Italian patron saint who was known as the poor little man. The electioof Bergoglio is significant as it makes him the first pope from the Americas (Latin America to specific) and the southern hemisphere as well as the first pope to belong to a Jesuit ordeBergoglio has hinted at his desire to reform the Church and make its style of functioning moinformal and less orthodox. After his election, he wrote to his colleagues in Argentina (his hom

country) and requested them not to come to Rome for his inaugural Mass but instead donate thmoney it would cost for the betterment of the poor.

Bergoglio was born in 1936 in Argentina to Italian immigrant parents. He trained as chemist antaught literature, philosophy, psychology and theology before being ordained to priesthood 1969. In 1998, Bergoglio became the Archbishop of Buenos Aires. An extremely humble person, hrefused to stay in the palatial bishop's residence and instead preferred his small personapartment where he could cook his own meals. During his time as Archbishop, he accused fellochurch leaders of hypocrisy, considered social outreach and caring for the poor as the Churchprimary objective and is even today remembered for his 2001 visit to a hospice where he washeand kissed the feet of 12 AIDS patients (a totally unheard & unseen behaviour from aArchbishop). Through credited with liberalizing the extremely orthodox Roman Catholic Church Argentina (he supports single parenthood), Bergoglio opposes abortion & euthanasia, same-semarriages (though he teaches that homosexuals should be respected) and has vehement

opposed the distribution of free contraceptives in Argentina.

Bergoglios manner of functioning is seen as way less formal than that of his predecessors. Movinaway from formalities and protocols, the new Pope deviated from the written speech in his firpublic address, took the bus back to the hotel with the other cardinals instead of being driven inpapal car on the night he was elected, wore a white cassock instead of the ritualistic red one woby Popes, during his first appearance on the balcony of Saint Peter's Basilica and disregardesecurity concerns when he appeared at a side-gate to mingle among followers and the faithful. Ttango-loving Popes sense of humour has already become the talk of the town. He has taken ovthe papacy when the Church is battling accusations of sexual-abuse and witnessing declining faiin many nations. A polyglot, Bergoglio knows Spanish, Italian, French, German and Englifluently.

Dr.K.Anji Reddy(1940-2013) Founder-Chairman, Dr Reddys Labs

A successful Indian entrepreneur, an innovator, a pioneer, a risk-taker, a passionate philanthrop these are some of the words which might be helpful in describing the powerful persona of DrAnji Reddy, the founder-chairman of Dr Reddys Laboratories one of the most recognized Indipharma brands abroad. The country recently mourned the loss of this Padma Bhushan awarde(2011) when he lost his life to liver cancer after a long battle with the disease. The legacy that thman has left behind is colossal in its proportions as well as in its outreach.

Reddy was born in 1940 and spent his early years in a small village on the banks of the KrishRiver. His father was a turmeric farmer who made and distributed herbal medicines free of chargto whoever needed them. This gesture would stay with Reddy throughout his life and would forthe basis of his motto of providing good quality affordable medicines to Indias poor. In 195Reddy received a Bachelor of Science degree from Andhra Christian College and followed it up wia B.Sc (Tech) in Pharmaceuticals and Fine Chemicals from Bombay University. After his Phcompletion from National Chemical Laboratories, Pune in 1969, he joined the PSU Indian Drugs aPharmaceuticals Limited (IDPL) where he worked till 1975. The Indian Patents Act (which alloweIndian pharma firms to produce generic medicines that were patented abroad), brought out thentrepreneurial streak in Reddy and he started his first of many companies Uniloids. This aother such ventures prepared him for bigger things and with a clear focus on research and creatioof new drugs; Reddy started Dr Reddy's Laboratories (DRL) in 1984 with an initial capital of Rs 2lakh and within two years brought out an IPO (no small feat in the license-raj of the 1980s). Huntiring focus on research changed the perception of his company from mere copycats innovators & industry changers and in 2001, DRL was listed in the New York Stock Exchangbecoming the first Asian pharma company outside Japan to do so.

Reddy had always been keenly and critically aware of his responsibilities to society and in thspirit used to donate his entire yearly salary of to charitable causes. He was also actively involvein causes such as neo-natal care, creating sustainable livelihoods for Indias poor and efforts provide basic necessities like potable drinking water for the masses.

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5/15

Banking all the way: The State Bank of India is the countrys oldestbank and a premier in terms of balance sheet size, number of branches,market capitalization and profits. Earlier known as the Imperial Bank ofIndia, it got its current name in 1955 after its nationalization by theGovernment of India. The public sector State Bank Group, with over19,000 branches and more than 45,000 ATMs, has the largest bankingbranch network in India. SBI has 14 Local Head Offices and 57 Zonal Officesthat are located at important cities throughout the country. It also hasaround 170 branches in over 35 countries.

It has a market share among Indian commercial banks of about 20per cent in deposits and loans. It has been rated as the 29th mostreputed company by Forbes. State bank is one of the Big four banks ofIndia with ICICI, PNB and HDFC. Even though the group has theGovernments backing which gives it enviable security, the bank was behindprivate sector banks in certain key areas like technology and branding. Thishowever changed with OP Bhatt taking over.

Elephant Danced: When OP Bhatt took over the reins of SBI in 2006,ICICI with the market cap of $508 bn and a growth rate of 40-50 per cent asagainst that of 13-15 per cent of SBI was looking to become the largest bankin India. Mr. Bhatt made regaining market share his first priority. Mr. Bhattprojected an aggressive image of SBI in peoples mind by focusing on marketing and pricing. The banker for eve

Indian ad campaign comes to mind. Consequently, total assets of SBI more than doubled in the past five years, whthat of ICICI only increased by 76 per cent. SBIs shares rose by 250 per cent since 2006 & its market share touched 167554 cr in 2010.

The market capitalization of SBI rose to 70,000 cr in one yearwhich is the highest among all listed companies.

Loans and deposits grew more than five-fold during his tenure when he sprethe blue & green branding of SBI ATM to remote locations of the nation increased the number of branches all over India. In order to attract mocustomers, SBI offered home loan at 8 per cent initially and then increasinglater according to the market price (also called as Teaser loan). This step irkRBI and eventually had to withdraw this product. Before retiring, OP Bhaannounced the merger of all five associate banks with the parent bank SBI bthe end of 2013 as part of its consolidation efforts. Today SBI is the largeplayer in the Indian banking industry and has come way ahead of competitors, something which other Public sector players would do well emulate.

Current Scenario: SBIs non-performing assets increased because of the grounding of Kingfisher airlines and merger with its associate bank (State Bank of Indore) and at present it has the largest NPAs followed by ICICI banSBIs profit plunged in Q4, FY11 by 99 per cent to Rs. 21 cr from Rs. 1,870 cr in the past year, as a result higher provisioning for sticky assets, retirement benefits and operating profit. This provisioning was referrto as a one time clean up by the new Chairman of SBI, Mr. Prateep Choudhari.

SBIs Capital Adequacy Ratio (which is used to protect depositors)decreased by 141 basis points to 11.98 per cent and consequently its

credit ratings were also downgraded by Moodys. Eventually, thegovernment decided to infuse Rs. 7900 cr in SBI. The government hadbudgeted Rs 6,000 crore for bank capitalization in the current year. It has alsogot approval for another Rs 14,000 cr from the Planning Commission. Thegovernment will infuse capital through preferential allotment. The infusion willalso increase governments holding in SBI to 66 per cent from the current 59.6per cent and increase Tier 1 capital to 9 percent.

Intelligence Bytes:1) SBI gave a loan of Rs. 100 bn to NTPC, making it the largest loan SBI hadever given to any single customer in its entire history.

2) SBI denied Kingfisher airlines further loans as it already has a debt of $1.4bn which was restructured by SBI and other lenders.

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6/15

1) RBI cuts repo rate by 25bps to 7.5% - ETIMPACT: In a widely anticipated move, the RBI, in its mid-quarter monetary policy review, cut the repo rate by 25 b(the second time this year) to 7.5%. With this move, the short-term borrowing rate also reduced to 6.5%. Howevethe central bank left the cash reserves ratio (CRR) unchanged at 4%. Conversely, the effect of this rate cut is not liketo be passed on to consumers anytime in the near future as banks have decided to adopt a wait-and-watch approacbefore taking a decision on reducing the interest rates. The fact that it is the end of the financial year should also btaken into account. While announcing the rate cut, RBI said that implementation of further cuts will be restricted inflation is expected to remain high (and thus too much for RBIs l iking) in the next financial yearas well. In spite of RBI yielding, BSE Sensex fell by 1.75% (or around 277 points) in the face of

withdrawal of parliamentary support to UPA-II by DMK.

KEY PLAYERS:RBI, GoI, Indian economy

WHY IT IS IMPORTANT:Nomura Analytics called the move a wasted precious bullet, as bankswere unlikely to pass the rate cut to consumers and thus in part, reversing the intended effect ofthe rate cut. High inflation (especially food inflation) coupled with massive fiscal and currentaccount deficits (the latter hitting a record high of 5.4% in the September quarter and more than likely to end thcurrent fiscal year at its highest level of all time) will have adverse effects on the India growth story. The RBI expecthe Government to take measurable steps to tackle the above mentioned menaces before it can promise further racuts. One silver lining to the entire scenario is that industrial output has expanded for the first time in three months January, suggesting that the Indian economy may have bottomed out.

2) SAIL divestment approved by EGoM, set to commence on March 22 PTI/NDTV

IMPACT:The sale of a 10.82 per cent stake from state owned steel giant Steel Authority of India Limited (SAIL) hbeen approved by a panel of ministers, with the issue set to face the markets on March 22. Finance Minister Chidambaram headed Empowered Group of Ministers on Disinvestment approved the stake sale proposal and decidepricing for the shares. However, the base price will be revealed only after the close of trading on March 21. "SAIL O(offer for sale) has been approved by the EGoM. The issue will hit market on March 22," Disinvestment Secretary RaMathur said while informing reporters. Merchant bankers selected for the share sale include SBI Caps, Kotak Mahindand Deutsche Bank. After touching a 52 week low of Rs. 64.05 in early trade, the companys stock was later trading

Rs. 65.80 on the Bombay Stock Exchange. The Department of Disinvestment has heroad shows in Singapore, Hong Kong, USA, UK and parts of Europe to shore uinvestment sentiment about the sale. After the stake sale, the governments stake SAIL will fall from the present 85.82 per cent to 75 per cent.

KEY PLAYERS: SAIL, Department of Disinvestment, EGoM on Disinvestment

WHY IT IS IMPORTANT:In July 2012, the Cabinet Committee on Economic Affairs happroved the sale of 10.82 per cent stake from the governments holding in SA

through the OFS route. However, the plan was kept on hold due to weak market conditions as the government wanteto wait till markets improved. Having already raised Rs. 22, 300 crore through sale of its stake in different public sectunits, this stake sale will help it over achieve its disinvestment target of Rs. 24, 000 crore in the current fiscal year.

3) M&M launches electric passenger car e2o at a price of nearly Rs. 6 lakh PTI/ETIMPACT:Almost three years after it acquired Bangalore based electric car manufacturer Reva, Mahindra and Mahindhas launched its first electricity powered car e2o in India. "The launch of the Mahindra e2o marks an importamilestone for the Mahindra Group...it advances the group's efforts at redefining sustainable urbanisation with thcreation of an ecosystem that includes mobility solutions along with other environment friendly innovations," MahindGroup Chairman Anand Mahindra said on the launch occasion. The two door car can accommodate four people and wcost Rs. 5.96 lakh (on road) in Delhi after state subsidy. The Delhi government has given a subsidy of 29 per cent othe electric car. The price of the car will change in different states according to the subsidy provided by the respectiv

states. The vehicle is powered by new generation lithium-ion batteries and a three phaseelectric induction motor. The car would require 5 hours of plugging to an electricity source forit to get fully charged and can do up to 100 kilometres on a full charge. Mahindra andMahindra will introduce the car in eight cities over the next few weeks. The company also hasplans to use the electric vehicle technology for making electricity powered two wheelers.

KEY PLAYERS:Mahindra and Mahindra, Mahindra e2o, electric car

WHY IT IS IMPORTANT:Vehicles running on alternative fuels have been gaining popularityin many parts of the world due to their eco-friendly nature and comparatively less cost per kilometre. The e2o has bedeveloped using the technology of Reva, which was acquired by Mahindra and Mahindra in 2010. The company furthinvested around Rs.100 crore for the development of the car and setting up a manufacturing facility for the electrvehicle segment. M&M taking the lead in harnessing and developing the technology for such platforms will be beneficifor the company as well as Indian consumers.

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7/15

4) Coca-Cola readies plans to counter Pepsis IPL campaign ETIMPACT:The cola wars are making a comeback of sorts, with the nearing IPL season becoming the latest battlegrouin their epic rivalries. While Pepsi has left no stone unturned to paint the cricket tournament in its colours, Coca Cohas readied its counter offensive to make its presence felt. Pepsi picked up the title sponsorship of IPL for a five yeaperiod starting this season for Rs.400 crore. It paid another Rs.60 crore to become one of the two presenting sponsoof the tournament on exclusive broadcaster SET Max, earning loads of airtime during matches. Pepsi has also becomthe drinking partner to eight out of nine IPL teams, spending more than Rs.10 crore. Coca Cola has drawn up its owmulti-pronged approach to reach out to customers, starting with introducing the 200 ml bottle of coke at a low price Rs.8 throughout the country. It has decided to introduce a 400 ml PET bottle, a first for the industry, priced in the ranof Rs.18 20 to bridge the gap between the 300 ml glass bottle and 500ml PET bottle. Coca Cola has also decided t

expand its distribution reach with a special focus on small towns and will also launch advertising campaign during the IPL involving Bollywood actors. Coca Cola has alreabought up nearly 50% as much advertising spots as Pepsi on SET Max, with the companexpected to scale it up to 70% as the season progresses.

KEY PLAYERS: Coca Cola, Pepsi, IPL

WHY IT IS IMPORTANT:Coca-Cola, along with its different brands Thums Up, SpritLimca and Fanta has close to 54% share in the Rs.14, 000 crore soft drink industry

India. Pepsi along with its various brands holds 36% share, leaving the rest for small local brands. While Pepsi focusing heavily on the summer months using the IPL platform, Coca Cola says it is adopting a year round strategy ffurther driving up market share.

5) Sandip Das of Maxis may head 4G mobile venture of Reliance ET

IMPACT: Sandip Das, the CEO of Malaysia based Maxis Communications is slated to head the 4G mobile servicebusiness of Reliance Industries Limited, sources with direct knowledge of the development have revealed. Mr Das stepping down from his position on April 15, two months ahead of his terms expiry, after the board of MaxCommunications approved his request for an early release. Reliance is the only company to hold pan-India 4G airwavand is on track to launch the services by the end of this year. The companys telecom plans received a huge boorecently when the Telecom Department approved a proposal to allow holders of 4G licenses to provide voice services omobile phones after paying a fee. Reliance Jio Infocomm, the telecom arm of Reliance Industries Limited, has beetesting its services for many months now and is geared up for making a splash in the market. Sandip Das has had aexceptional run with Maxis, with him being widely credited for successfully executing the relistingof Maxis in 2010, which was South-east Asias biggest IPO. During his tenure with the MaxisGroup, Mr Das also oversaw the operations of Aircel, the groups Indian arm. Apart from Aircel,Mr Das is also on the boards of other Maxis subsidiaries like Sri Lanka Telecom Plc, Mobitel Pvt.Ltd. (Sri Lanka) and Bridge Mobile Pte Ltd. of Singapore.

KEY PLAYERS: Sandip Das, Reliance Jio Infocomm, Maxis Communications

WHY IT IS IMPORTANT: The departure of Sandip Das comes at a time when Aircel isstruggling with a debt of Rs. 24, 000 crore. Maxis will struggle to find a better replacement forhim. The move is another shot in the arm for Reliance Jio, which is Mukesh Ambanis ambitious second foray into thIndian telecom market. Reliances entry in the sector is widely anticipated to be game changing and Sandip Das hgood exposure to the telecom sector in India.

6) Indian companies struck outbound deals worth $11 billion in 2012 Business StandardIMPACT: Indian companies made a total of 72 acquisitions abroad worth $11 billion in 2012, a far cry from the peaof 125 deals worth $18 billion in 2007, but a big improvement on the 2011 season which saw deals worth $6.7 billioThe figures have been reported in the fifth issue of Spotlight Asia, a quarterly newsletter published by Kroll AdvisoSolutions, an independent intelligence provider on mergers and acquisitions. The current issue focuses on outbounM&A activity by Indian companies, developing trends and best practices Indian companies should follow while venturin

abroad. Energy, Mining and Utilities were the major target sectors, with 55% of the M&A activity worth nearly $6 billiotaking place in these sectors during 2012. It includes ONGC Videshs purchase of an 8.4% stake in major Kazakhstabased oil field owned by ConocoPhillips for $5 billion. Western countries were the preferred target markets, with Indi

companies finding cheap buys in the distressed economies of many developed countrieHowever, a new trend has also be seen with Indian companies making purchases in emerginmarkets, using their own experience in India for acquisitions in central and south-east Asia.

KEY PLAYERS: Kroll Advisory Solutions, Spotlight Asia, Mergers and Acquisitions

WHY IT IS IMPORTANT: Indian companies enthused by their good run at home are growirestless to jump into attractive foreign destinations. The M&A trends for Indian companies are shifting focus slowly froIT and pharmaceuticals to consumer and energy sectors. Although acquisitions in emerging markets is already a btrend for western corporations, Indian companies without sufficient capital cushions and government backing shoutread carefully while investing in them.


8/15

7) Samsung unveils its latest flagship smartphone, the Galaxy S4 ET/Hindu Business LineIMPACT:Taking the smartphone battle to Apples home turf in the USA, Samsung Electronics unveiled the Galaxy Sthe latest iterations of its flagship series of Smartphones in New York on March 14. The phone was launched at a hugtheatrical ceremony in the packed to capacity Radio City Music Hall, with thousands of people watching the event live ogiant screens outside the venue. Our inspiration was you, declared J.K. Shin, President and Head of IT & MobCommunications Division, Samsung while launching the phone, which has been themed with the words LCompanion to emphasise its consumer connection. All the innovative features of Galaxy S4 were developed based othe insights and needs we found from our consumers all around the world, Mr Shin explained. The new smart featurin the phone include an eye tracking ability which can scroll pages or play and pause videos depending where thconsumer is looking. The phone also has new gesture sensing technology, allowing a preview of files, pictures a

emails by simply hovering your finger over the phone. The phone has a large 5-inch display screen and is 7.9mm thick. The device sports a 13 MP back cameraand a 2MP front camera, with innovative new features like dual camera.

KEY PLAYERS: Samsung Electronics, Galaxy S4

WHY IT IS IMPORTANT: Coming less than a year after the Galaxy S3 pushedSamsung to the top of the smartphone market, outselling Apple globally, theGalaxy S4 is Samsungs attempt to further outpace Apple, especially in the USmarket where Apple still leads Samsung. The New York launch of the S4 clearly indicates the companys focus on tUS market, after the S3 as launched in London last year. According to research firm IDC, Samsung has sold mosmartphones in the last quarter than Apple.

8) Petrol price cut by Rs 2 per litre, excluding local taxes ToI

IMPACT:Oil companies across the country cut petrol prices by Rs 2 per litre (excluding local sales tax or VAT), thumaking the cut the biggest reduction in rates in nine months. The cut has been due to the fact that international oprices have reduced by $3 per barrel in the last fortnight and comes after two rounds of a hike in petrol prices sincFebruary of this year. While the petrol price all over the country has reduced, diesel price has been kept unchangedthis in spite of the fact that oil companies were expected to raise diesel prices by 40-50 paise per litre per month. T

reason they have given to not do so this month, is apparently to save the governmefrom trouble in Parliament.

KEY PLAYERS:Indian oil companies

WHY IT IS IMPORTANT:Indian fuel prices need to come up to the level of internationfuel prices. Even though the oil companies have taken into account the rupee-dollparity before deciding on the price cut for petrol, the rationality of this decision is obscuas oil companies have lost close to Rs 1,130 crore on the sale of petrol alone (so far)

the current financial year. Fuel constitutes a major chunk of Indias import bill and greatly responsible for its widening current account deficit (as India imports 80% of the crude it refines). Hence, hoIndian oil companies manage their under-recoveries and fix the prices of their products will play a significant role determining the health of the economy.

9) India may become 5th largest manufacturing nation: BCG ET/BSIMPACT:According to a Boston Consultancy Group report, India can move up the list from the current ninth to the fiflargest manufacturing county in the world if it is able to increase the share of manufacturing in GDP from the 15figure it stands at now, to 25%. The report states that despite high potential, the Indian manufacturing sector has nbeen able to achieve the requisite growth and its share of GDP has remained relatively flat for over two decadebecause of poor productivity. The report said that one way to increase manufacturing activity in the country is improve people productivity (this will also be beneficial for individualorganizations). Another way would be to attract quality talent to the sector andbrand building.

KEY PLAYERS:Indian economy, BCG

WHY IT IS IMPORTANT:The report can be said to be in-line with Indias NationalManufacturing Policy which says that India's manufacturing sector should increaseits share of GDP from 15 per cent at present to 25 per cent by 2022, in line withglobal peers. To do this, GoI needs to over-haul the basic infrastructure network,make labour laws conducive, put in place transport and power sector reforms andtake vigorous steps to promote the manufacturing sector. All this can be said to bethe need-of-the-hour given that China is losing the manufacturing competitiveness that it had a grip-hold on all theyears. With manufacturing contributing $8.8 trillion per annum to the global economy, India should be poised and aready to take on the title of the next factory of the world. Indias large demographic dividend coupled with the lolabour costs are factors which will always work in the economys favour if used correctly.


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10) Eurozone partners & IMF offer help to rescue Cyprus from bankruptcy BS/BBC UKIMPACT:It seems that the Eurozone crisis will last for a longer period than expected. This time around the country spotlight is the small island nation of Cyprus with a population of around 1.1 million. Cyprus is on the verge of enteribankruptcy. IMF and other European nations have agreed to lend a rescue package of Euro 10 million ($13 billion) bon the condition of recovering the amount by taxing depositors. Until now, depositors were well protected in CypruBut the European partners of Cyprus proposed that it recover the bailout package of Euro 10 billion by levying onetimtax - 6.75% tax on individuals with bank deposits up to 1 lakh Cypriot pound and 9.9% tax on individuals with badeposits over 1 lakh Cypriot pound. After much discussion the tax rates were revised to 3% for individuals with ba

deposits up to 1 lakh Cypriot pound and whooping 12.5% for individuals wbank deposits exceeding 1 lakh Cypriot pounds. But latest news sugges

that Cypriot authorities have refused to tax the depositors which has creatan environment of uncertainty in the region and has hampered investconfidence.

KEY PLAYERS:Cyprus, IMF, EU

WHY IT IS IMPORTANT: While announcing the proposed tax cuts, tgovernment had assured the affected parties (common people) would bcompensated through shares in commercial banks and equity returns o

revenues generated in the future through natural gas discoveries. But the proposal received worldwide flak with sharof European markets tanking and also the Asian markets tumbling. But the latest announcement of no-tax has algarnered negative reviews with investors fleeing European markets and moving to Asian and Australian stoexchanges.

11) China suspects Coca-Cola of spying, announces a probe BS/ETIMPACT:The Coca Cola Company has caused a furore in the land of the dragon. After the recent criticism by Americabureaucrats for fuelling obesity and failing to take any action towards spreading awareness of the epidemic in thmasses; Xi Jinping led government has accused the soft drinks major of conducting illegal geographical mapping sensitive regions in China. The area in focus is the Yunnan province of Peoples Republic of China located in the soutwestern region and sharing its border with Myanmar, Laos and Vietnam. News reports mention Coca-Cola carrying oillegal survey of the province using GPS. The Chinese authorities have declined to divulge any further details and havadmitted to conducting an extensive probe in the matter thus accusing CocaCola of espionage. In their defence, the company stated that it has bottlingplants in the province and that they do survey using electronic maps andother technologies in order to improve their logistical and supply chainefficiency.

KEY PLAYERS:The Coca Cola Company, China

WHY IT IS IMPORTANT: China has a strict policy in terms of geographicalmappings and surveys. It is a crime to carry out geographical surveys withoutthe permission of the government. If found guilty; the Coca Cola Companywill have to either pay a hefty fine or leave the country altogether.

12) Cobrapost bites three Indian banks The Hindu/Indian Express/FEIMPACT:A decade after the Tehelka expos the infamous match fixing scandal in Indian professional cricket, whicended the career of a few Indian cricket players- a new expos by an online magazine Cobrapost has revealed monelaundering activities carried out by three Indian banks. The sting operation shows executives of ICICI, HDFC and Axoffering various ways in which customers can convert their black money into white money through long terinvestments.

Several bank executives are captured on video - exploiting loopholes in the system, an

proposing ways to violate I-T act, FEMA, RBI regulations, KYC norms, the Banking Acand Prevention of Money Laundering Act. The black money would be invested in insuranproducts and other services thus boosting the banks deposits and overall profitabilitThey also offered lockers to stash away black money. They had provisions to opeaccounts without adhering to RBI guidelines thus hiding benami money in secraccounts and converting it into white money without revealing names of the depositors.

KEY PLAYERS:ICICI Bank, HDFC Bank, Axis Bank

WHY IT IS IMPORTANT: After the revelations, ICICI bank suspended 18 of its seniexecutives and has ordered an enquiry into the money laundering charges. HDFC banhas hired accounting and auditing firm Deloitte to conduct a forensic audit. RBI is als

conducting its own investigation and is also finding possible loopholes in the system for wealth management producand currency exchange mechanism.


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13) Egyptian President Mohammed Morsi makes first India trip Indian ExpressIMPACT:Mohammed Morsi, the first ever elected President of Egypt, arrived in India on Monday for a two day trip boost economic ties and mutual cooperation. He held bilateral talks with Prime Minister Manmohan Singh in New Delhwhere they agreed to enhance defence cooperation and partner with each other on international forums like the UniteNations. We agreed that his visit, at an important juncture for Egypt, offers us a great opportunity to renew orelationship and take it to a different level of and cooperation," the Prime Minister said following talks with PresideMorsi. Praising the Egyptian people for ushering in a new era in their country, PM Singh said India offers to share isupport to the Egyptian leader. Mr Morsi called Singh a noble brother and underlined his visit as a symbol of Egy

being keen on cooperation with India. Seven pacts were signed between Egypt and India, identifying many areas cooperation like socio-economic development programmes, higher education, agriculture, healthcare, creation Technology Parks and IT clusters and e-governance among others. The agreements includea MoU for cooperation in the field of cyber security, protection of intellectual and propertyrights and setting up of a Centre of Excellence in IT at Egypts Al Azhar University.

KEY PLAYERS: Mohammed Morsi, Manmohan Singh, Egypt, India

WHY IT IS IMPORTANT:Egypt is the most populous country of all the Arab nations and islocated strategically on major global trade route, connecting Asia with Africa. Bilateral tradebetween India and Egypt currently stands at $5.5 billion, which both countries are keen to increase. Egypt is a keplayer in Middle East geopolitics as well which is going through tremendous upheaval in the past couple of years.

14) IIPM spent 60% revenues on marketing & 6% on teaching staff ETIMPACT:The mess IIPM has landed itself in was a long time coming. None of IIPMs 18 branches across the count

have recognition from the All India Council for Technical Education (AICTE) or the University Grants Commission (UG(and thus it is not allowed to award any sort of degrees to its students), its claims of crme-de-la- crme placemenand tie-ups with the best of global institutions have been refuted and rubbished many times, the quality of its teachiprogramme is doubtful and its accounting books have many grey pages. A recent ET report says that IIPM spent disproportionate amount of revenue on marketing compared to a dismal sum on the salaries of professors. Its exawords were for every rupee it spent on salary in 2008-09, IIPM directed Rs 7.2 into ads. These figures say a lot abothe skewed priorities of the institution and all but exposes its dubious methods to attract students to its below qualiprogrammes. Its move to block URLs which featured anti-IIPM content and its refusal to get approvals from the releva

government bodies (citing instances of corruption at their highest levels) also does nproject a rosy picture.

KEY PLAYERS:IIPM

WHY IT IS IMPORTANT:The enormity ofIIPMs marketing spends can be gauged from t

fact that it has spent more on advertisements than some of India Incs biggest advertiselike DLF, Axis Banks, Raymond and Gitanjali Gems. Also, the trend brings to light the fathat Indians, by and large, settle for high-cost low-quality products without protest (this might be because of lack choice). Countries that score less on this attribute will invariably lose out on foreign capital to other countries that offa more reasonable proposition and this might be the case happening in India. Brand Shah Rukh has been dragged inthe recent IIPM controversy, and thus, it has become a means to provide a valuable lesson to celebrities to be mocareful in their choice of endorsements. Also a curious question to take note of is that why the Government has beemute all these years when it knew from the beginning that IIPM was not recognized by education regulators.

15) The twisted case of Italian marines BS/BBC UK/NDTV.comIMPACT:Indo-Italian diplomatic relations are strained. Reason Italian government is now refusing to keep its wordto return the two Italian marines to India for trial. The case dates back to Feb 2012, when Italian marines - MassimiliLatorre and Salvatore Girone, opened fire on a fishing boat killing two fishermen of Indian origin. The Indian authorititook the marines in to their custody for a murder trial. In February 2013, on the request from the Italian ambassadoDaniele Mancini, the Indian government allowed the marines to visit their country in order to cast their vote for thgeneral elections, but on the condition that they would come back to India for the trial. But last week, Italian authoritirefused to send back the marines stating that the crime occurred in international waters (the Arabian Sea) where Indiauthorities do not have a jurisdiction. Italy wants an international arbitrator to handle this case. The Indigovernment is furious and the Supreme Court has ordered Mancini not to leave the country until April 02 as he hfailed to keep his word of bringing back the marines. Also, the government says that the victims were unarmed Indiafishermen, and it has all the right to try the marines, irrespective of the location of crime.

KEY PLAYERS:Italy, India, Daniele Mancini

WHY IT IS IMPORTANT: Italy had earlier offered blood money worth 1 crore to thevictims kin for out of court settlement but the Indian government intervened and raisedobjections. The case has gained importance as the two governments have not yet come toa conclusion. Also, the outcome of this conflict would affect the helicopter deal scandalinvolving British-Italian Company AgustaWestland.

MMMIIISSSCCCEEELLLLLLAAANNNEEEOOOUUUSSS NNNEEEWWWSSS


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C O N T I N U E D F R O M L A S T W E E K

Y Combinators (YC) initial batch was more or less a test batch. Thfounders didnt really have any expectations and saw their own efforts askind of charity. Y Combinators program was held in the summers as moentrepreneurs or wannabe entrepreneurs (especially young college grawith a technical background) are more or less free at the time. The natu

of the first batch of entrepreneurs who joined the program was surprisithough as the founders of YC realized that there were some seriously gooideas out there. During the course of this first summer program YC begato figure that the concept of micro investments for micro stakes on relatively industrial scale could actually work.

YC can be likened to a specialist trainer/consultant for tech startups thnot only provides you the initial seed funding but also helps you pitch to other investors who can provide the big monnecessary. In fact a lot of tech startups join YC not for the money but for the networking and learning opportunities thare unique to YC.

Y Combinator set itself in Mountain View, California so as to be in the heart of Silicon Valley, where most tech startupcan trace their origins. Y Combinator invites applications to its summer programs which any tech entrepreneur can up. YC is very specific about helping Hackers or tech entrepreneurs rather than Suits or businesspeople. They in faencourage startup teams without techies to rope in a techie or two. They also generally dont buy into lonentrepreneurs, preferring teams instead. Y Combinator, since its inception in 2005, has made a name for itself as producer and backer of some game changing companies. AirBnb, Dropbox and Reddit are perhaps the most well knowof its alumni.

YC also launched YC VC to provide more substantial monetary backing for startups. Yuri Milner, Andreessen HorowitGeneral Catalyst, and Maverick Capital are the main funding partners for YC VC, with each partner putting in $20K forgrand total of $80K. This provides the capital which can allow the startups to move beyond proof of concept or workinprototypes which were created for Demo Day. Demo Day is when at nearly the end of the program the participatinstartups can showcase their concepts and ideas which have been converted into products, to potential investors.

Y Combinator is a truly innovative model of startup funding that is providing startups with the necessary guidanrequired to create world class products; something which most tech giants agree with. The fact that any teentrepreneur from around the world can sign up for the program (as long as they can stay in the US for the duratio

NNNEEEOOO CCCOOORRRNNNEEERRR::: YYY CCCooommmbbbiiinnnaaatttooorrr::: WWWhhheeerrreee ssstttaaarrrtttuuupppsss gggooo tttooo gggeeettt rrreeeaaalll PART TWO


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makes it all the more appealing. However, getting into YC is akin to getting selected to an Ivy League University anthe applications have to really convince YC as to why your idea is so ground breaking. This has also meant that significant portion of the startups that go through the YC program tend to succeed and either get acquired or grownetting YC pretty attractive returns as far as VCs go. All being said and done, YC is something that could in the futurbe the breeding ground for the next Google or Facebook; something worth keeping an eye on and even moimportantly, to learn from.


13/15

SOURCES

Charts & Graphs: http://www.economist.com/blogs/graphicdetail/2013/03/daily-chart-11

SOURCES FOR COVER STORYhttp://www.moneycontrol.com/news/udayans-comments/post-dmk-pullout-diesel-price-hike-litmus-test-for-market_840620.html http://www.thehindu.com/business/markets/sensex-tumbles-285-points-after-dmk-withdraws-support-to-upa/article4525864.ece http://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&login=default&pub=ET&Enter=true&Skin=ETNEW&AW=363848853503 http://www.hindustantimes.com/world-news/Europe/China-supports-Sri-lanka-against-US-resolution/Article1-829256.aspx http://articles.timesofindia.indiatimes.com/2013-03-19/india/37842402_1_unhrc-resolution-international-humanitarian-law

http://www.guardian.co.uk/world/2013/mar/05/maldives-mohamed-nasheed-arrested http://www.business-standard.com/article/opinion/breaking-foreign-policy-113032000570_1.html http://timesofindia.indiatimes.com/india/Revised-US-draft-a-triumph-for-Indian-diplomacy/articleshow/19081503.cms http://www.firstpost.com/world/karunanidhi-is-wrong-to-reinvent-eelam-war-as-genocide-of-tamils-667516.html http://articles.timesofindia.indiatimes.com/2012-05-02/india/31537532_1_mamata-banerjee-people-by-time-magazine-teesta-waterhttp://www.firstpost.com/world/conduct-credible-probe-into-human-rights-violations-un-tells-sl-667964.html

SOURCES FOR PERSONALITIES OF THE WEEK:

http://fullcomment.nationalpost.com/2013/03/18/father-raymond-j-de-souza-pope-francis-challenges-affluent-catholic

church-to-live-modestly/

http://www.nytimes.com/2013/03/18/world/europe/francis-charms-crowd-on-first-sunday-as-pope.html?_r=0

http://en.wikipedia.org/wiki/Pope_Francis

http://www.guardian.co.uk/world/2013/mar/17/pope-franic-sunday-prayers-rome

http://www.theaustralian.com.au/news/breaking-news/sparks-of-humour-in-pope-francis/story-fn3dxix6-

1226599913156

http://www.washingtonpost.com/world/europe/pope-francis-urged-to-reform-church-

government/2013/03/17/b24b1638-8e82-11e2-9f54-f3fdd70acad2_story.html

http://www.biography.com/people/pope-francis-21152349

http://www.politico.com/story/2013/03/pope-francis-biography-key-facts-life-in-latin-america-and-background-

88818.htmlhttp://www.usatoday.com/story/news/world/2013/03/10/cardinal-jorge-mario-bergoglio/1976847/

http://www.deccanchronicle.com/130315/news-current-affairs/article/dr-k-anji-reddy-no-more

http://en.wikipedia.org/wiki/Kallam_Anji_Reddy

http://economictimes.indiatimes.com/features/always-reddy-with-a-healthy-dose/articleshow/3720801.cms

http://www.financialexpress.com/news/dr-reddy-s-prescription-of-passion/176379/0

http://inwww.rediff.com/cms/print.jsp?docpath=//money/2007/jun/12bspec.htmhttp://www.drreddys.com/aboutus/profiles/biography_chairman.htm

http://www.biography.co.in/biography-dr-k-anji-reddy.html

http://www.iloveindia.com/indian-heroes/anji-reddy.htmlhttp://india-inc.in/Dr-K-Anji-Reddy.html

http://sparks.wisdomjobs.com/64-dr-kallam-anji-reddy.html

CORPORATE INTELLIGENCE:http://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://www.investopedia.com/terms/c/capitaladequacyratio.asphttp://www.moneycontrol.com/financials/sbi/consolidated-balance-sheet/SBIhttp://www.moneycontrol.com/news/business/how-is-op-bhatt-steering-sbi-through-troubled-times_409323.htmlhttp://articles.economictimes.indiatimes.com/2011-03-30/news/29361951_1_op-bhatt-state-bank-om-prakash-bhatt

http://www.livemint.com/2011/05/17134120/SBI8217s-profit-plunges-99.htmlhttp://www.livemint.com/2011/05/17222749/SBI-the-elephant-takes-a-nast.html?h=A2http://www.thehindu.com/opinion/columns/C_R_L__Narasimhan/article2543209.ecehttp://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advancesloanhttp://www.thehindubusinessline.com/industry-and-economy/banking/article1685093.ece?homepage=truehttp://articles.economictimes.indiatimes.com/2012-05-19/news/31778104_1_retail-loans-bad-loans-retail-lending

SOURCES FOR NEWS ANALYSIS (1-15)

1) RBI cuts repo rate by 25bps to 7.5% - EThttp://articles.economictimes.indiatimes.com/2013-03-19/news/37844207_1_repo-rate-portion-of-deposits-banks-monetary-policyhttp://www.firstpost.com/investing/after-rbi-rate-cut-wait-for-cheap-loans-but-lock-into-fds-666615.htmlhttp://www.business-standard.com/article/finance/rbi-cuts-rate-but-remains-hawkish-113031900502_1.html
http://www.economist.com/blogs/graphicdetail/2013/03/daily-chart-11http://www.moneycontrol.com/news/udayans-comments/post-dmk-pullout-diesel-price-hike-litmus-test-for-market_840620.htmlhttp://www.moneycontrol.com/news/udayans-comments/post-dmk-pullout-diesel-price-hike-litmus-test-for-market_840620.htmlhttp://www.thehindu.com/business/markets/sensex-tumbles-285-points-after-dmk-withdraws-support-to-upa/article4525864.ecehttp://www.thehindu.com/business/markets/sensex-tumbles-285-points-after-dmk-withdraws-support-to-upa/article4525864.ecehttp://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&login=default&pub=ET&Enter=true&Skin=ETNEW&AW=1363848853503http://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&login=default&pub=ET&Enter=true&Skin=ETNEW&AW=1363848853503http://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&login=default&pub=ET&Enter=true&Skin=ETNEW&AW=1363848853503http://www.hindustantimes.com/world-news/Europe/China-supports-Sri-lanka-against-US-resolution/Article1-829256.aspxhttp://www.hindustantimes.com/world-news/Europe/China-supports-Sri-lanka-against-US-resolution/Article1-829256.aspxhttp://articles.timesofindia.indiatimes.com/2013-03-19/india/37842402_1_unhrc-resolution-international-humanitarian-lawhttp://articles.timesofindia.indiatimes.com/2013-03-19/india/37842402_1_unhrc-resolution-international-humanitarian-lawhttp://www.guardian.co.uk/world/2013/mar/05/maldives-mohamed-nasheed-arrestedhttp://www.guardian.co.uk/world/2013/mar/05/maldives-mohamed-nasheed-arrestedhttp://www.business-standard.com/article/opinion/breaking-foreign-policy-113032000570_1.htmlhttp://www.business-standard.com/article/opinion/breaking-foreign-policy-113032000570_1.htmlhttp://timesofindia.indiatimes.com/india/Revised-US-draft-a-triumph-for-Indian-diplomacy/articleshow/19081503.cmshttp://timesofindia.indiatimes.com/india/Revised-US-draft-a-triumph-for-Indian-diplomacy/articleshow/19081503.cmshttp://www.firstpost.com/world/karunanidhi-is-wrong-to-reinvent-eelam-war-as-genocide-of-tamils-667516.htmlhttp://www.firstpost.com/world/karunanidhi-is-wrong-to-reinvent-eelam-war-as-genocide-of-tamils-667516.htmlhttp://articles.timesofindia.indiatimes.com/2012-05-02/india/31537532_1_mamata-banerjee-people-by-time-magazine-teesta-waterhttp://www.firstpost.com/world/conduct-credible-probe-into-human-rights-violations-un-tells-sl-667964.htmlhttp://www.firstpost.com/world/conduct-credible-probe-into-human-rights-violations-un-tells-sl-667964.htmlhttp://fullcomment.nationalpost.com/2013/03/18/father-raymond-j-de-souza-pope-francis-challenges-affluent-catholic-church-to-live-modestly/http://fullcomment.nationalpost.com/2013/03/18/father-raymond-j-de-souza-pope-francis-challenges-affluent-catholic-church-to-live-modestly/http://www.nytimes.com/2013/03/18/world/europe/francis-charms-crowd-on-first-sunday-as-pope.html?_r=0http://en.wikipedia.org/wiki/Pope_Francishttp://www.guardian.co.uk/world/2013/mar/17/pope-franic-sunday-prayers-romehttp://www.theaustralian.com.au/news/breaking-news/sparks-of-humour-in-pope-francis/story-fn3dxix6-1226599913156http://www.theaustralian.com.au/news/breaking-news/sparks-of-humour-in-pope-francis/story-fn3dxix6-1226599913156http://www.washingtonpost.com/world/europe/pope-francis-urged-to-reform-church-government/2013/03/17/b24b1638-8e82-11e2-9f54-f3fdd70acad2_story.htmlhttp://www.washingtonpost.com/world/europe/pope-francis-urged-to-reform-church-government/2013/03/17/b24b1638-8e82-11e2-9f54-f3fdd70acad2_story.htmlhttp://www.biography.com/people/pope-francis-21152349http://www.politico.com/story/2013/03/pope-francis-biography-key-facts-life-in-latin-america-and-background-88818.htmlhttp://www.politico.com/story/2013/03/pope-francis-biography-key-facts-life-in-latin-america-and-background-88818.htmlhttp://www.usatoday.com/story/news/world/2013/03/10/cardinal-jorge-mario-bergoglio/1976847/http://www.deccanchronicle.com/130315/news-current-affairs/article/dr-k-anji-reddy-no-morehttp://en.wikipedia.org/wiki/Kallam_Anji_Reddyhttp://economictimes.indiatimes.com/features/always-reddy-with-a-healthy-dose/articleshow/3720801.cmshttp://www.financialexpress.com/news/dr-reddy-s-prescription-of-passion/176379/0http://inwww.rediff.com/cms/print.jsp?docpath=//money/2007/jun/12bspec.htmhttp://www.drreddys.com/aboutus/profiles/biography_chairman.htmhttp://www.biography.co.in/biography-dr-k-anji-reddy.htmlhttp://www.iloveindia.com/indian-heroes/anji-reddy.htmlhttp://india-inc.in/Dr-K-Anji-Reddy.htmlhttp://sparks.wisdomjobs.com/64-dr-kallam-anji-reddy.htmlhttp://en.wikipedia.org/wiki/State_Bank_of_India%3cbr/http://en.wikipedia.org/wiki/State_Bank_of_India%3cbr/http://www.moneycontrol.com/financials/sbi/consolidated-balance-sheet/SBI%3cbr/http://www.moneycontrol.com/financials/sbi/consolidated-balance-sheet/SBI%3cbr/http://articles.economictimes.indiatimes.com/2011-03-30/news/29361951_1_op-bhatt-state-bank-om-prakash-bhatt%3cbr/http://articles.economictimes.indiatimes.com/2011-03-30/news/29361951_1_op-bhatt-state-bank-om-prakash-bhatt%3cbr/http://www.livemint.com/2011/05/17222749/SBI-the-elephant-takes-a-nast.html?h=A2%3cbr/http://www.livemint.com/2011/05/17222749/SBI-the-elephant-takes-a-nast.html?h=A2%3cbr/http://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advances-loan%3cbr/http://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advances-loan%3cbr/http://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advances-loan%3cbr/http://articles.economictimes.indiatimes.com/2012-05-19/news/31778104_1_retail-loans-bad-loans-retail-lendinghttp://articles.economictimes.indiatimes.com/2013-03-19/news/37844207_1_repo-rate-portion-of-deposits-banks-monetary-policyhttp://articles.economictimes.indiatimes.com/2013-03-19/news/37844207_1_repo-rate-portion-of-deposits-banks-monetary-policyhttp://www.firstpost.com/investing/after-rbi-rate-cut-wait-for-cheap-loans-but-lock-into-fds-666615.htmlhttp://www.business-standard.com/article/finance/rbi-cuts-rate-but-remains-hawkish-113031900502_1.htmlhttp://www.business-standard.com/article/finance/rbi-cuts-rate-but-remains-hawkish-113031900502_1.htmlhttp://www.firstpost.com/investing/after-rbi-rate-cut-wait-for-cheap-loans-but-lock-into-fds-666615.htmlhttp://articles.economictimes.indiatimes.com/2013-03-19/news/37844207_1_repo-rate-portion-of-deposits-banks-monetary-policyhttp://articles.economictimes.indiatimes.com/2013-03-19/news/37844207_1_repo-rate-portion-of-deposits-banks-monetary-policyhttp://articles.economictimes.indiatimes.com/2012-05-19/news/31778104_1_retail-loans-bad-loans-retail-lendinghttp://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advances-loan%3cbr/http://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advances-loan%3cbr/http://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advances-loan%3cbr/http://articles.economictimes.indiatimes.com/2012-02-07/news/31033905_1_sbi-chairman-pratip-chaudhuri-priority-sector-advances-loan%3cbr/http://www.livemint.com/2011/05/17222749/SBI-the-elephant-takes-a-nast.html?h=A2%3cbr/http://www.livemint.com/2011/05/17222749/SBI-the-elephant-takes-a-nast.html?h=A2%3cbr/http://www.livemint.com/2011/05/17222749/SBI-the-elephant-takes-a-nast.html?h=A2%3cbr/http://articles.economictimes.indiatimes.com/2011-03-30/news/29361951_1_op-bhatt-state-bank-om-prakash-bhatt%3cbr/http://articles.economictimes.indiatimes.com/2011-03-30/news/29361951_1_op-bhatt-state-bank-om-prakash-bhatt%3cbr/http://articles.economictimes.indiatimes.com/2011-03-30/news/29361951_1_op-bhatt-state-bank-om-prakash-bhatt%3cbr/http://www.moneycontrol.com/financials/sbi/consolidated-balance-sheet/SBI%3cbr/http://www.moneycontrol.com/financials/sbi/consolidated-balance-sheet/SBI%3cbr/http://www.moneycontrol.com/financials/sbi/consolidated-balance-sheet/SBI%3cbr/http://en.wikipedia.org/wiki/State_Bank_of_India%3cbr/http://en.wikipedia.org/wiki/State_Bank_of_India%3cbr/http://en.wikipedia.org/wiki/State_Bank_of_India%3cbr/http://sparks.wisdomjobs.com/64-dr-kallam-anji-reddy.htmlhttp://india-inc.in/Dr-K-Anji-Reddy.htmlhttp://www.iloveindia.com/indian-heroes/anji-reddy.htmlhttp://www.biography.co.in/biography-dr-k-anji-reddy.htmlhttp://www.drreddys.com/aboutus/profiles/biography_chairman.htmhttp://inwww.rediff.com/cms/print.jsp?docpath=//money/2007/jun/12bspec.htmhttp://www.financialexpress.com/news/dr-reddy-s-prescription-of-passion/176379/0http://economictimes.indiatimes.com/features/always-reddy-with-a-healthy-dose/articleshow/3720801.cmshttp://en.wikipedia.org/wiki/Kallam_Anji_Reddyhttp://www.deccanchronicle.com/130315/news-current-affairs/article/dr-k-anji-reddy-no-morehttp://www.usatoday.com/story/news/world/2013/03/10/cardinal-jorge-mario-bergoglio/1976847/http://www.politico.com/story/2013/03/pope-francis-biography-key-facts-life-in-latin-america-and-background-88818.htmlhttp://www.politico.com/story/2013/03/pope-francis-biography-key-facts-life-in-latin-america-and-background-88818.htmlhttp://www.biography.com/people/pope-francis-21152349http://www.washingtonpost.com/world/europe/pope-francis-urged-to-reform-church-government/2013/03/17/b24b1638-8e82-11e2-9f54-f3fdd70acad2_story.htmlhttp://www.washingtonpost.com/world/europe/pope-francis-urged-to-reform-church-government/2013/03/17/b24b1638-8e82-11e2-9f54-f3fdd70acad2_story.htmlhttp://www.theaustralian.com.au/news/breaking-news/sparks-of-humour-in-pope-francis/story-fn3dxix6-1226599913156http://www.theaustralian.com.au/news/breaking-news/sparks-of-humour-in-pope-francis/story-fn3dxix6-1226599913156http://www.guardian.co.uk/world/2013/mar/17/pope-franic-sunday-prayers-romehttp://en.wikipedia.org/wiki/Pope_Francishttp://www.nytimes.com/2013/03/18/world/europe/francis-charms-crowd-on-first-sunday-as-pope.html?_r=0http://fullcomment.nationalpost.com/2013/03/18/father-raymond-j-de-souza-pope-francis-challenges-affluent-catholic-church-to-live-modestly/http://fullcomment.nationalpost.com/2013/03/18/father-raymond-j-de-souza-pope-francis-challenges-affluent-catholic-church-to-live-modestly/http://www.firstpost.com/world/conduct-credible-probe-into-human-rights-violations-un-tells-sl-667964.htmlhttp://articles.timesofindia.indiatimes.com/2012-05-02/india/31537532_1_mamata-banerjee-people-by-time-magazine-teesta-waterhttp://www.firstpost.com/world/karunanidhi-is-wrong-to-reinvent-eelam-war-as-genocide-of-tamils-667516.htmlhttp://timesofindia.indiatimes.com/india/Revised-US-draft-a-triumph-for-Indian-diplomacy/articleshow/19081503.cmshttp://www.business-standard.com/article/opinion/breaking-foreign-policy-113032000570_1.htmlhttp://www.guardian.co.uk/world/2013/mar/05/maldives-mohamed-nasheed-arrestedhttp://articles.timesofindia.indiatimes.com/2013-03-19/india/37842402_1_unhrc-resolution-international-humanitarian-lawhttp://www.hindustantimes.com/world-news/Europe/China-supports-Sri-lanka-against-US-resolution/Article1-829256.aspxhttp://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&login=default&pub=ET&Enter=true&Skin=ETNEW&AW=1363848853503http://epaper.timesofindia.com/Default/Client.asp?Daily=ETM&showST=true&login=default&pub=ET&Enter=true&Skin=ETNEW&AW=1363848853503http://www.thehindu.com/business/markets/sensex-tumbles-285-points-after-dmk-withdraws-support-to-upa/article4525864.ecehttp://www.moneycontrol.com/news/udayans-comments/post-dmk-pullout-diesel-price-hike-litmus-test-for-market_840620.htmlhttp://www.economist.com/blogs/graphicdetail/2013/03/daily-chart-11


14/15

http://newindianexpress.com/business/news/article1509017.ecehttp://in.reuters.com/article/2013/03/19/rbi-policy-expert-views-idINDEE92I02H201303192) SAIL divestment approved by EGoM, set to commence on March 22

http://profit.ndtv.com/news/market/article-sail-divestment-on-march-22-stock-hits-years-low-319788

http://www.business-standard.com/article/companies/sail-doesn-t-need-extra-money-c-s-verma-113031900183_1.html3) M&M launches electric passenger car e2o at a price of nearly Rs. 6 lakh

http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/mm-launches-all-electric-passenger-car-e2o-at-rs-5-96-lakh/articleshow/19034325.cms

4) Coca-Cola readies plans to counter Pepsis IPL campaignhttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/coca-cola-moves-to-counter-pepsis-ipl-bonanza-through-entry-level-price-war-and-market-expansion/articleshow/19082816.cms5) Sandip Das of Maxis may head 4G mobile venture of Reliance

http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/maxis-sandip-das-may-head-reliance-industries-4g-mobile-venture/articleshow/19081444.cms6) Indian companies struck outbound deals worth $11 billion in 2012http://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.html7) Samsung unveils its latest flagship smartphone, the Galaxy S4

http://www.thehindubusinessline.com/industry-and-economy/info-tech/samsung-launches-galaxy-s4-on-apples-home-turf/article4511751.ece

http://articles.economictimes.indiatimes.com/2013-03-15/news/37744702_1_s-iii-jk-shin-research-firm-trategy-analytics8) Petrol price cut by Rs 2 per litre, excluding local taxes ToIhttp://timesofindia.indiatimes.com/business/india-business/Petrol-price-cut-by-Rs-2-per-litre-excluding-local-taxes/articleshow/18991174.cms?http://www.ndtv.com/article/india/petrol-price-cut-by-rs-2-per-litre-343114http://www.thehindu.com/news/national/petrol-price-cut-by-rs-2-no-change-in-diesel-rate/article4512767.ecehttp://www.moneycontrol.com/news/business/petrol-prices-cut-by-rs-2litre-no-changediesel-price_839122.htmlhttp://indiatoday.intoday.in/story/petrol-price-cut-by-rs-2-effective-from-midnight-no-change-in-diesel-rate/1/258092.html 9) India may become 5th largest manufacturing nation: BCG ET/BShttp://articles.economictimes.indiatimes.com/2013-03-17/news/37787192_1_bcg-report-people-productivity-competitivenesshttp://www.business-standard.com/article/economy-policy/india-may-become-5th-largest-manufacturing-nation-bcg-

113031700106_1.htmlhttp://crisil.com/youngthoughtleader/winners/topic6-SachinBansalIImLUC.PDF10) Eurozone partners & IMF offer help to rescue Cyprus from bankruptcy BS/BBC UKhttp://www.business-standard.com/article/international/cyprus-secures-13-bn-bailout-from-eurozone-imf-113031600104_1.htmlhttp://www.business-standard.com/article/international/cyprus-works-on-tax-levy-deal-to-get-bailout-approved-113031800043_1.htmhttp://www.business-standard.com/article/international/cyprus-deal-shock-sends-european-shares-tumbling-113031800196_1.htmlhttp://www.bbc.co.uk/news/business-2185482511) China suspects Coca-Cola of spying, announces a probe BS/EThttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744629_1_coca-cola-soft-drink-giant-yunnanhttp://www.business-standard.com/article/international/coca-cola-faces-chinese-govt-probe-for-mapping-sensitive-areas-113031500021_1.html

12) Cobrapost bites three Indian banks The Hindu/Indian Express/FEhttp://www.thehindu.com/news/national/cobrapost-sting-reveals-money-laundering-by-3-private-banks/article4509004.ecehttp://www.ndtv.com/article/india/money-laundering-by-big-banks-alleges-cobrapost-banks-deny-charges-342282http://www.indianexpress.com/news/cobrapost-sting-icici-bank-suspends-18-employees/1088741/0http://www.financialexpress.com/news/cobrapost-sting-hdfc-bank-hires-deloitte-to-conduct-forensic-audit/1089063http://www.livemint.com/Industry/3GmSwDvM8QdmJ596p7WQWI/RBI-begins-investigations-into-money-laundering-allegations.html13) Egyptian President Mohammed Morsi makes first India triphttp://www.indianexpress.com/news/indiegypt-ink-seven-pacts-after-pm-holds-talks-with-president-mohamed-morsi/1090381/014) IIPM spent 60% revenues on marketing & 6% on teaching staff EThttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744387_1_iipm-arindam-chaudhuri-management-courseshttp://www.firstpost.com/blogs/iipm-epitomises-how-indian-business-looks-at-value-665159.html
http://newindianexpress.com/business/news/article1509017.ecehttp://in.reuters.com/article/2013/03/19/rbi-policy-expert-views-idINDEE92I02H20130319http://profit.ndtv.com/news/market/article-sail-divestment-on-march-22-stock-hits-years-low-319788http://www.business-standard.com/article/companies/sail-doesn-t-need-extra-money-c-s-verma-113031900183_1.htmlhttp://www.business-standard.com/article/companies/sail-doesn-t-need-extra-money-c-s-verma-113031900183_1.htmlhttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/mm-launches-all-electric-passenger-car-e2o-at-rs-5-96-lakh/articleshow/19034325.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/mm-launches-all-electric-passenger-car-e2o-at-rs-5-96-lakh/articleshow/19034325.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/coca-cola-moves-to-counter-pepsis-ipl-bonanza-through-entry-level-price-war-and-market-expansion/articleshow/19082816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/coca-cola-moves-to-counter-pepsis-ipl-bonanza-through-entry-level-price-war-and-market-expansion/articleshow/19082816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/coca-cola-moves-to-counter-pepsis-ipl-bonanza-through-entry-level-price-war-and-market-expansion/articleshow/19082816.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/maxis-sandip-das-may-head-reliance-industries-4g-mobile-venture/articleshow/19081444.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/maxis-sandip-das-may-head-reliance-industries-4g-mobile-venture/articleshow/19081444.cmshttp://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.htmlhttp://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.htmlhttp://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.htmlhttp://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.htmlhttp://www.thehindubusinessline.com/industry-and-economy/info-tech/samsung-launches-galaxy-s4-on-apples-home-turf/article4511751.ecehttp://www.thehindubusinessline.com/industry-and-economy/info-tech/samsung-launches-galaxy-s4-on-apples-home-turf/article4511751.ecehttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744702_1_s-iii-jk-shin-research-firm-strategy-analyticshttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744702_1_s-iii-jk-shin-research-firm-strategy-analyticshttp://timesofindia.indiatimes.com/business/india-business/Petrol-price-cut-by-Rs-2-per-litre-excluding-local-taxes/articleshow/18991174.cmshttp://timesofindia.indiatimes.com/business/india-business/Petrol-price-cut-by-Rs-2-per-litre-excluding-local-taxes/articleshow/18991174.cmshttp://www.ndtv.com/article/india/petrol-price-cut-by-rs-2-per-litre-343114http://www.thehindu.com/news/national/petrol-price-cut-by-rs-2-no-change-in-diesel-rate/article4512767.ecehttp://www.moneycontrol.com/news/business/petrol-prices-cut-by-rs-2litre-no-changediesel-price_839122.htmlhttp://indiatoday.intoday.in/story/petrol-price-cut-by-rs-2-effective-from-midnight-no-change-in-diesel-rate/1/258092.htmlhttp://indiatoday.intoday.in/story/petrol-price-cut-by-rs-2-effective-from-midnight-no-change-in-diesel-rate/1/258092.htmlhttp://indiatoday.intoday.in/story/petrol-price-cut-by-rs-2-effective-from-midnight-no-change-in-diesel-rate/1/258092.htmlhttp://articles.economictimes.indiatimes.com/2013-03-17/news/37787192_1_bcg-report-people-productivity-competitivenesshttp://articles.economictimes.indiatimes.com/2013-03-17/news/37787192_1_bcg-report-people-productivity-competitivenesshttp://www.business-standard.com/article/economy-policy/india-may-become-5th-largest-manufacturing-nation-bcg-113031700106_1.htmlhttp://www.business-standard.com/article/economy-policy/india-may-become-5th-largest-manufacturing-nation-bcg-113031700106_1.htmlhttp://crisil.com/youngthoughtleader/winners/topic6-SachinBansalIImLUC.PDFhttp://crisil.com/youngthoughtleader/winners/topic6-SachinBansalIImLUC.PDFhttp://www.business-standard.com/article/international/cyprus-secures-13-bn-bailout-from-eurozone-imf-113031600104_1.htmlhttp://www.business-standard.com/article/international/cyprus-secures-13-bn-bailout-from-eurozone-imf-113031600104_1.htmlhttp://www.business-standard.com/article/international/cyprus-works-on-tax-levy-deal-to-get-bailout-approved-113031800043_1.htmhttp://www.business-standard.com/article/international/cyprus-works-on-tax-levy-deal-to-get-bailout-approved-113031800043_1.htmhttp://www.business-standard.com/article/international/cyprus-deal-shock-sends-european-shares-tumbling-113031800196_1.htmlhttp://www.business-standard.com/article/international/cyprus-deal-shock-sends-european-shares-tumbling-113031800196_1.htmlhttp://www.bbc.co.uk/news/business-21854825http://articles.economictimes.indiatimes.com/2013-03-15/news/37744629_1_coca-cola-soft-drink-giant-yunnanhttp://www.business-standard.com/article/international/coca-cola-faces-chinese-govt-probe-for-mapping-sensitive-areas-113031500021_1.htmlhttp://www.business-standard.com/article/international/coca-cola-faces-chinese-govt-probe-for-mapping-sensitive-areas-113031500021_1.htmlhttp://www.thehindu.com/news/national/cobrapost-sting-reveals-money-laundering-by-3-private-banks/article4509004.ecehttp://www.thehindu.com/news/national/cobrapost-sting-reveals-money-laundering-by-3-private-banks/article4509004.ecehttp://www.ndtv.com/article/india/money-laundering-by-big-banks-alleges-cobrapost-banks-deny-charges-342282http://www.indianexpress.com/news/cobrapost-sting-icici-bank-suspends-18-employees/1088741/0http://www.financialexpress.com/news/cobrapost-sting-hdfc-bank-hires-deloitte-to-conduct-forensic-audit/1089063http://www.livemint.com/Industry/3GmSwDvM8QdmJ596p7WQWI/RBI-begins-investigations-into-money-laundering-allegations.htmlhttp://www.livemint.com/Industry/3GmSwDvM8QdmJ596p7WQWI/RBI-begins-investigations-into-money-laundering-allegations.htmlhttp://www.livemint.com/Industry/3GmSwDvM8QdmJ596p7WQWI/RBI-begins-investigations-into-money-laundering-allegations.htmlhttp://www.indianexpress.com/news/india-egypt-ink-seven-pacts-after-pm-holds-talks-with-president-mohamed-morsi/1090381/0http://www.indianexpress.com/news/india-egypt-ink-seven-pacts-after-pm-holds-talks-with-president-mohamed-morsi/1090381/0http://www.indianexpress.com/news/india-egypt-ink-seven-pacts-after-pm-holds-talks-with-president-mohamed-morsi/1090381/0http://articles.economictimes.indiatimes.com/2013-03-15/news/37744387_1_iipm-arindam-chaudhuri-management-courseshttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744387_1_iipm-arindam-chaudhuri-management-courseshttp://www.firstpost.com/blogs/iipm-epitomises-how-indian-business-looks-at-value-665159.htmlhttp://www.firstpost.com/blogs/iipm-epitomises-how-indian-business-looks-at-value-665159.htmlhttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744387_1_iipm-arindam-chaudhuri-management-courseshttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744387_1_iipm-arindam-chaudhuri-management-courseshttp://www.indianexpress.com/news/india-egypt-ink-seven-pacts-after-pm-holds-talks-with-president-mohamed-morsi/1090381/0http://www.indianexpress.com/news/india-egypt-ink-seven-pacts-after-pm-holds-talks-with-president-mohamed-morsi/1090381/0http://www.livemint.com/Industry/3GmSwDvM8QdmJ596p7WQWI/RBI-begins-investigations-into-money-laundering-allegations.htmlhttp://www.livemint.com/Industry/3GmSwDvM8QdmJ596p7WQWI/RBI-begins-investigations-into-money-laundering-allegations.htmlhttp://www.financialexpress.com/news/cobrapost-sting-hdfc-bank-hires-deloitte-to-conduct-forensic-audit/1089063http://www.indianexpress.com/news/cobrapost-sting-icici-bank-suspends-18-employees/1088741/0http://www.ndtv.com/article/india/money-laundering-by-big-banks-alleges-cobrapost-banks-deny-charges-342282http://www.thehindu.com/news/national/cobrapost-sting-reveals-money-laundering-by-3-private-banks/article4509004.ecehttp://www.thehindu.com/news/national/cobrapost-sting-reveals-money-laundering-by-3-private-banks/article4509004.ecehttp://www.business-standard.com/article/international/coca-cola-faces-chinese-govt-probe-for-mapping-sensitive-areas-113031500021_1.htmlhttp://www.business-standard.com/article/international/coca-cola-faces-chinese-govt-probe-for-mapping-sensitive-areas-113031500021_1.htmlhttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744629_1_coca-cola-soft-drink-giant-yunnanhttp://www.bbc.co.uk/news/business-21854825http://www.business-standard.com/article/international/cyprus-deal-shock-sends-european-shares-tumbling-113031800196_1.htmlhttp://www.business-standard.com/article/international/cyprus-deal-shock-sends-european-shares-tumbling-113031800196_1.htmlhttp://www.business-standard.com/article/international/cyprus-works-on-tax-levy-deal-to-get-bailout-approved-113031800043_1.htmhttp://www.business-standard.com/article/international/cyprus-works-on-tax-levy-deal-to-get-bailout-approved-113031800043_1.htmhttp://www.business-standard.com/article/international/cyprus-secures-13-bn-bailout-from-eurozone-imf-113031600104_1.htmlhttp://www.business-standard.com/article/international/cyprus-secures-13-bn-bailout-from-eurozone-imf-113031600104_1.htmlhttp://crisil.com/youngthoughtleader/winners/topic6-SachinBansalIImLUC.PDFhttp://www.business-standard.com/article/economy-policy/india-may-become-5th-largest-manufacturing-nation-bcg-113031700106_1.htmlhttp://www.business-standard.com/article/economy-policy/india-may-become-5th-largest-manufacturing-nation-bcg-113031700106_1.htmlhttp://articles.economictimes.indiatimes.com/2013-03-17/news/37787192_1_bcg-report-people-productivity-competitivenesshttp://articles.economictimes.indiatimes.com/2013-03-17/news/37787192_1_bcg-report-people-productivity-competitivenesshttp://indiatoday.intoday.in/story/petrol-price-cut-by-rs-2-effective-from-midnight-no-change-in-diesel-rate/1/258092.htmlhttp://indiatoday.intoday.in/story/petrol-price-cut-by-rs-2-effective-from-midnight-no-change-in-diesel-rate/1/258092.htmlhttp://www.moneycontrol.com/news/business/petrol-prices-cut-by-rs-2litre-no-changediesel-price_839122.htmlhttp://www.thehindu.com/news/national/petrol-price-cut-by-rs-2-no-change-in-diesel-rate/article4512767.ecehttp://www.ndtv.com/article/india/petrol-price-cut-by-rs-2-per-litre-343114http://timesofindia.indiatimes.com/business/india-business/Petrol-price-cut-by-Rs-2-per-litre-excluding-local-taxes/articleshow/18991174.cmshttp://timesofindia.indiatimes.com/business/india-business/Petrol-price-cut-by-Rs-2-per-litre-excluding-local-taxes/articleshow/18991174.cmshttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744702_1_s-iii-jk-shin-research-firm-strategy-analyticshttp://articles.economictimes.indiatimes.com/2013-03-15/news/37744702_1_s-iii-jk-shin-research-firm-strategy-analyticshttp://www.thehindubusinessline.com/industry-and-economy/info-tech/samsung-launches-galaxy-s4-on-apples-home-turf/article4511751.ecehttp://www.thehindubusinessline.com/industry-and-economy/info-tech/samsung-launches-galaxy-s4-on-apples-home-turf/article4511751.ecehttp://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.htmlhttp://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.htmlhttp://www.business-standard.com/article/companies/outbound-deals-of-indian-companies-at-11-billion-in-2012-113032000145_1.htmlhttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/maxis-sandip-das-may-head-reliance-industries-4g-mobile-venture/articleshow/19081444.cmshttp://economictimes.indiatimes.com/news/news-by-company/corporate-trends/maxis-sandip-das-may-head-reliance-industries-4g-mobile-venture/articleshow/19081444.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/coca-cola-moves-to-counter-pepsis-ipl-bonanza-through-entry-level-price-war-and-market-expansion/articleshow/19082816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/coca-cola-moves-to-counter-pepsis-ipl-bonanza-through-entry-level-price-war-and-market-expansion/articleshow/19082816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/coca-cola-moves-to-counter-pepsis-ipl-bonanza-through-entry-level-price-war-and-market-expansion/articleshow/19082816.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/mm-launches-all-electric-passenger-car-e2o-at-rs-5-96-lakh/articleshow/19034325.cmshttp://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/mm-launches-all-electric-passenger-car-e2o-at-rs-5-96-lakh/articleshow/19034325.cmshttp://www.business-standard.com/article/companies/sail-doesn-t-need-extra-money-c-s-verma-113031900183_1.htmlhttp://www.business-standard.com/article/companies/sail-doesn-t-need-extra-money-c-s-verma-113031900183_1.htmlhttp://profit.ndtv.com/news/market/article-sail-divestment-on-march-22-stock-hits-years-low-319788http://in.reuters.com/article/2013/03/19/rbi-policy-expert-views-idINDEE92I02H20130319http://newindianexpress.com/business/news/article1509017.ece


15/15

http://www.firstpost.com/business/decoding-the-arindam-chaudhuri-business-model-662320.htmlhttp://www.business-standard.com/article/management/aicte-issues-showcause-notice-to-iipm-113031100010_1.htmhttp://www.firstpost.com/business/shah-rukh-khan-gets-tainted-by-iipm-mess-662340.htmlhttp://www.business-standard.com/article/management/iipm-dares-to-take-on-the-regulators-113022300309_1.html15) The twisted case of Italian marines BS/BBC UK/NDTV.comhttp://www.business-standard.com/article/current-affairs/italian-marines-case-gets-more-complicated-113031800109_1.htmlhttp://www.bbc.co.uk/news/world-21826651http://www.ndtv.com/article/india/no-country-should-take-india-for-granted-sonia-gandhi-on-italian-marines-issue-344208

http://www.firstpost.com/world/italian-marines-case-sc-cant-do-much-but-govt-can-666420.html

NEO CORNER SOURCES

http://ycombinator.com/start.html

http://en.wikipedia.org/wiki/Y_Combinator_(company)

http://www.crunchbase.com/company/y-combinator

http://www.fastcompany.com/most-innovative-companies/2012/y-combinator
http://www.firstpost.com/business/decoding-the-arindam-chaudhuri-business-model-662320.htmlhttp://www.business-standard.com/article/management/aicte-issues-showcause-notice-to-iipm-113031100010_1.htmlhttp://www.firstpost.com/business/shah-rukh-khan-gets-tainted-by-iipm-mess-662340.htmlhttp://www.business-standard.com/article/management/iipm-dares-to-take-on-the-regulators-113022300309_1.htmlhttp://www.business-standard.com/article/current-affairs/italian-marines-case-gets-more-complicated-113031800109_1.htmlhttp://www.business-standard.com/article/current-affairs/italian-marines-case-gets-more-complicated-113031800109_1.htmlhttp://www.bbc.co.uk/news/world-21826651http://www.ndtv.com/article/india/no-country-should-take-india-for-granted-sonia-gandhi-on-italian-marines-issue-344208http://www.ndtv.com/article/india/no-country-should-take-india-for-granted-sonia-gandhi-on-italian-marines-issue-344208http://www.firstpost.com/world/italian-marines-case-sc-cant-do-much-but-govt-can-666420.htmlhttp://ycombinator.com/start.htmlhttp://en.wikipedia.org/wiki/Y_Combinator_(companyhttp://www.crunchbase.com/company/y-combinatorhttp://www.fastcompany.com/most-innovative-companies/2012/y-combinatorhttp://www.fastcompany.com/most-innovative-companies/2012/y-combinatorhttp://www.crunchbase.com/company/y-combinatorhttp://en.wikipedia.org/wiki/Y_Combinator_(companyhttp://ycombinator.com/start.htmlhttp://www.firstpost.com/world/italian-marines-case-sc-cant-do-much-but-govt-can-666420.htmlhttp://www.ndtv.com/article/india/no-country-should-take-india-for-granted-sonia-gandhi-on-italian-marines-issue-344208http://www.ndtv.com/article/india/no-country-should-take-india-for-granted-sonia-gandhi-on-italian-marines-issue-344208http://www.bbc.co.uk/news/world-21826651http://www.business-standard.com/article/current-affairs/italian-marines-case-gets-more-complicated-113031800109_1.htmlhttp://www.business-standard.com/article/current-affairs/it

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