ISSUE - 138 29th DECEMBER [THURSDAY]

SYNOPSIS - KRITIKA SETHI

The IBS Times takes immense pleasure in wishing all our readers a very Happy New Year in advance. We would like to thank all of you for appreciating our efforts and being with us in our journey aimed at providing knowledge about the happenings in the world every week. We prom-ise to continue this in future and enlighten you for the years approaching. Get ready for the last read of the year.

Finally the fading year has bought a ray of light for the next year, Lok Pall bill is finally passed. But it came as a major embarrassment to the UPA government that it was not able to conjure the requisite support for giving a constitutional status to the Lokpals and the Lokayuktas. Get more details through our cover story section this week.

We all are aware of the tumultuous beginning and the contretemps end of the year ending 2011 . To begin with the Euro crises, lok pal bill and at last depreciating rupee, all this had made the year end on the sad note. Will these upheavals of the year ending have an impact on the year 2012? Will the approaching year be able to relieve itself from the clutches of the fading year. Get our writer‟s opinion on this issue through our Opinion Column this week.

All the readers will be refreshed this week through our Brand Track column .We are talking about the refreshing drink Lipton tea. It was started to blend various varieties of tea from over the world and marketed it in a distinct yellow pack, with a red Lipton symbol. It was first of its kinds, branded tea, with good quality at an affordable price. Get a happy sipping this winters..!!

Through our Focus Of The Week column we are highlighting upon the issue of tax free bonds by NHAI this week. It is an autonomous body of Government of India under the Ministry of Road, Transport & Highways which is offering a Secured, redeemable, non-convertible debentures with tax benefits . Get all the details about it through this column.

Moreover we have our regular sections of Fast Track, Quick Bites, Market Watch and a special

dose of News @ IBS to give all of you a glimpse of the happenings last week on campus! Cheers!! Kritika Sethi

SYNOPSIS 1 OPINION 5 FOCUS 8

COVER 2 BRAND 6 NEWS @ IBS 9

FAST-TRACK 3 QUICK BITES 7 MARKET 10

COVER STORY–THE LOWER HOUSE PASSES THE LOKPAL BILL- FINALLY - AVLEEN KAUR SARNA

After burning midnight oil, and after months of debate and public upheaval, Lok Sabha finally passed the Lok-

pal and Lokayuktas Bill 2011. But it came as a major embarrassment to the UPA government that it was not

able to conjure the requisite support for giving a constitutional status to the Lokpals and the Lokayuktas.

Leader of the House Pranab Mukherjee admitted that the government did not have the mandatory two-thirds

majority to get the Constitution Amendment (116th Amendment) adopted. “It is a sad day for democracy,” he

said.

Earlier, Mukherjee, in his reply to the debate, sought cross-party support and reminded members that the dis-

cussion had been taking place on the crucial legislation for over

six months. Prime Minister Manmohan Singh, who for most of the

day was a passive listener, earlier urged the MPs to rise above

party politics and vote for the Lokpal bill. He said the bill lived up

to the promise MPs 'collectively made to the people of the country'

with a 'sense of house' resolution passed in August when Hazare

fasted in Delhi. 'Let us pass this bill because people are waiting...

We are determined to curb the menace of corruption. We shall

convey this message by passing the bills unanimously,' he said. He

insisted that the government was not under any force from civil

society and had ensured safeguards while bringing the prime min-

ister under the Lokpal's scope.

Official amendments were carried out to The Lokpal and Lokayukta Bill, 2011, giving the option to states to

set up Lokayukta and leaving armed forces and Coast Guard out of its purview.

Accordingly, many other suggestions were defeated in the house by majority. All the opposition amendments,

including the ones that sought to bring in corporates and media and reservation for minorities were rejected.

But many provisitions were passed too. As many as ten amendments were bought in such as one was regard-

ing the option to the states to form a Lokayukta. The House also passed the Protection to Persons Making Dis-

closures Bill, 2011 intended at protecting whistle-blowers. The other amendments in the Lokpal bill included

keeping out defence forces and changing the requirement of three-fouth of Lokpal members to commend an

enquiry against the Prime Minister to two-third.

Blaming Congress leaders Sonia and Rahul Gandhi for the 'weak' Lokpal passed in the Lok Sabha, Team Anna

member Arvind Kejriwal said on Wednesday that this is UPA's Bill as no amendments proposed by the Oppo-

sition were accepted. "UPA accepts only two voices - Sonia and Rahul. Ruling party passed 9 amendments

and the bill has become weaker," Kejriwal said. "Mandatory period of 6 months of preliminary inquiry was

also amended. Now agency can take own time in investigation. In this bill you can't file FIR directly but show

cause will be given first. Before chargesheet, a show cause will be given to the officer," he added. "Out of 60

lakhs government employees only 3 lakhs will be under Lokpal. All trust, religious organisations and NGOs

will be under this Lokpal," Kejriwal said. Analysing the situation further, he said, "Now CBI can raid teachers,

maulana of Masjid and churches. This is strong Lokpal of Manmohan Singh. Selection of Lokpal is again a

problem as only government can select and sack Lokpal."

Even as the Lok Sabha furiously debated the Lokpal bill through the day, the 74-year-old Hazare's health sud-

denly worsened. But he refused to break his hunger strike, saying he was ready to die for the country. But the

movement seems to be losing ground as in Delhi's Ramlila ground, where Team Anna members Prashant

Bhushan and Shanti Bhushan fasted during the day; there were not even 1,000 people at any point of time.

And unlike in August when tens of thousands packed the Ramlila ground to cheer Hazare, the mass response

was poor on Tuesday -- both in Mumbai and Delhi.

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We are determined to curb the

menace of corruption. We

shall convey this message by

passing the bills unani-

mously,' he said. He insisted

that the government was not

under any force from civil

society and had ensured safe-

guards while bringing the

prime minister under the

Lokpal's scope.

"Out of 60 lakhs government

employees only 3 lakhs will be

under Lokpal. All trust,

religious organisations and

NGOs will be under this Lok-

pal," Kejriwal said. Analys-

ing the situation further, he

said, "Now CBI can raid

teachers, maulana of Masjid

and churches

FAST-TRACK NEWS -DEVANSHI PODDAR

Japan, India To Go Ahead With 3 Infrastructure Projects Three major projects- Solar Power, Seawater Desalination and Gas Fired Energy Power are being

worked upon and ready to be pushed ahead by India and China. These projects are a part of the bilat-

eral initiative agreement,2006 to build freight railway linking Delhi Mumbai and industrial complexes

along the rail corridor and will be involving Japanese companies.

Food Inflation Drops To Four Year Low at 1.8% Food inflation which was 4.35% a week ago has fallen to as low as 1.8% and the Indian consumers

have finally got something to cheer about. This fall is due to the sharp decline in prices of the seasonal

vegetables and cereals and a strong base effect.

Petrol Price May Be Hiked By 1Re Next Month Petrol prices may be hiked next month due to Indian currency weakening against U.S Dollar. However

the rate change may need a political clearance as five crucial states, including Uttar Pradesh and Pun-

jab have Assembly elections.

Markets Could Recover If Reforms Can Get A Push : Analysts Even after seeing the negative macro-environment cues on the Indian markets, analysts still believe

that the Indian markets will have a positive growth in 2012. This is majorly because finally the infla-

tion has come down and RBI will not raise the rates further. But on the other hand they are also skepti-

cal because of the ballooning fiscal deficit.

Banks Hike Interest Rates Steeply To Lure NRE Deposits Many banks have announced a hike in interest rates to as high as 9.6% on fixed deposits held by Non-

Resident Indians to attract foreign currency ever since the government deregulated the interest rates on

Non-Resident External rupee deposits and ordinary non-resident accounts. The banks have also raised

savings bank rate by 200 basis points to 6 percent.

Ban On Iron Ore Exports Loomed Large in Goa On one hand there are celebrations going on in Goa along with subtle campaigns from the politicians

for the elections and on the other hand the mining industry is worried about the Justice M B Shah

commission report indicating the total ban on iron ore exports. The mining industry contributes more

than Rs. 1000 crore and is the backbone of the economy.

FDI In Multi-Brand Retail Still On Government’s Mind : Finance Minister India‟s Finance Minister Pranab Mukherjee said that the opening up of the brand retail sector to for-

eign investment is under consideration and the delay was because of lack of consensus among the po-

litical parties. Despite slowdown and inflation along with high interest rate are the challenging factors

that are to be overcome by the policymakers.

Veblen Good-Goods that are perceived to be exclusive as long as prices remain high or increase. Veblen goods get their

name from economist Thorsten Veblen, who was one of the first to look into and write about conspicuous consumption and the con-

cept of seeking status through consumption. Veblen goods are often referred to as „status symbols‟.

THE IBS TIMES

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Government May Suspend Accounting Change As the government looks forward to suspend the norm of recording profit/loss on foreign currency

transactions on marked to market basis, companies having exposure to foreign currency take a sigh

of relief. If the norms are implemented, the companies would have to account the impact in their

debt repayment side along with other things, but this might not just happen.

Terminating 3G Roaming Pact To Dent Government’s Credibility: Bharti Airtel Telecom major Bharti Airtel, on Friday said that the termination notice of 3G services will adversely

effect the much-needed investment in the country and specifically in the telecom sector. The com-

pany, along with Vodafone and Idea were issued a notice on Friday by Department of Telecom to

stop their 3G services as it was illegal and sought their responses within 24 hours.

Siemens Fixing Cyber Bugs In Industrial Control System Siemens industrial control systems are used to run an assortment of facilities from power generators,

chemical plants and water system to breweries, pharmaceuticals etc. Siemens said it is working to

fix the security flaws in industrial controls that the US government warned could make public utili-

ties and other things vulnerable to attack by hackers.

Russia Ranked 2nd

Biggest Global Arms Exporter The Centre For Analysis Of World Arms Trade (CAWAT), on Friday, revealed that with the reve-

nue of $11.29billion, Russia occupies the second position for world arms sales after US dominating

the world arms exports with over 40% of trade globally($28.76billion).

House Passes Payroll Tax Cut In Victory For Obama On Friday, Congress approved a two-month extension for tax- cuts and unemployment benefits for

millions of Americans. The pay-roll tax cuts was a the main agenda of Obama‟s three month cam-

paign and this step is believed to be taken to prevent the immediate tax increase effect on January 1.

Ashwini Akkunji and Six Others Get 1 Year Ban For Doping National Anti-Doping Agency on Friday, i.e. 23rd December 2011 took a decision on the high-

profile doping scandal which ended India‟s all hopes of getting a medal in the 4x400 women‟s relay

at the London‟s game. This is because Ashwini Akkunji along with Priyanka Panwar, Sini Jose and

Tiana Mary Thomas have been ruled out of 2012 Olympics because their doping test came positive.

Now only Mandeep and Murmu have got a chance to make it to the last Olympic selection trials.

Sharapova Out Of Brisbane Event With Ankle Injury

Maria Sharapova has withdrawn her name from the Brisbane International because of her continuing

ankle recovery. She said that she had missed the China Open and also the WTA Championship to

give rest to her ankle as she wants to be 100% fit for the Australian Open, which she had won in

2008, which begins from January 16 .

David Hasselhoff Index-A stock index comprised of companies associated with actor David Hasselhoff. Investors

might correlate the popularity of David with increased sales surrounding his related products. Firms involved with Hasselhoff en-

dorsements, advertising, movies or productions are included in the index.

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OPINION FORUM– 2012 UP 2012 DOWN -KRISHNA SHARMA

As it is time before New Year soon to enter. So what can we say to us, to society, to economic condition

and each and everything around us just „Happy New Year‟.

But have we ever thought what actually will be 2012 condition with respect to market, economy and eve-

rything which is related to every minute of life. We have seen many up‟s and down‟s in the year 2011

like the European Crisis which has drastically affected to everyone directly or indirectly. If we talk about

India we saw last few months just imbalanced where rupee was affected by getting its value depreciating.

RBI tried to control it but was not a success.

If we talk about 2012 we have much expectation whether the market will rise or fall again. If we analyze

the current market then we can see that it has no signs to rise. In 2012 it is said that the market condition

will continue as it is going now till the month of March- April. But the prices of the stock prices will rise

in the year then they are now. The reason for low prices is the P/E ratio as it is central measure of value

for shares. If we talk about GDP then we can see that it

is growing at lower than 7% so comparatively it can be

assumed that it will range from 5.9% - 6.5% as the gov-

ernment of India is facing high fiscal deficit target and

the tax collection have also fallen, so there will be high

corporate earnings. There is tight monetary policy so

there will be less of capital spending and investments in

the country. Unless these issues are solved the GDP

can‟t rise. If we see the IT sector it was not a good show

due to rising gap between the policies and implementa-

tion of the same. But if this part is taken care then IT

will be one of the best sector to help the economy re-

cover. It‟s roughly 4.5 years down the line of global fi-

nancial crisis from where everything started and contin-

ued in some or the other form. The European crisis is

today‟s biggest concern as if this is not taken care then

global market condition will not improve. But some experts say that the condition will be improving by

mid 2012. And if conditions of the market improve then world market will start recovering.

2011 brought back some of the greatest jerks to the world economies like Euro crisis, US Credit degrade,

soaring oil prices, toppling of autocrats in middle east, etc in India it showed its traces through rupee de-

valuation, stock shocks, low WPI results, reduction in business confidence and attractiveness, frequent

interst rate rises by RBI, etc which made the people to puzzle around.

One of the two biggest shocks of 2011 were felt when US credit rating agency (the other one being Euro

crisis), S&P degraded the credit rating of US from AAA to AA+, the major investors of US questioned its

credibility over its government bonds and as a result dollar depreciation and gold value appreciations

happened for a short while where the latter still stays high.

In India the political unrest was ignited due to the Lok Pal bill protest started by Anna Hazare. It should

mass reunion of global Indians after independence. Even though it had a noble cause it threatened the

business confidence and growth of the country as a whole as there were frequent strikes, bandhs, etc. Rise

in food inflation was also one other major problem of concern.

Till March – April the improvement in the market is doubtful but post this period there are chances that

the world economy may improve. To contribute to a more balanced recovery of the global economy

(which is one of the main stated aspirations of the G20) by recycling global surpluses into productive,

socially useful and environmentally sustainable investments.. Overall 2012 will be good. In India RBI is

taking many decisions like the decision of fixing the rate of CRR, SLR, REPO RATE and REVERSE

REPO RATE. Every endless night has a dawning, day every darkening sky has a shining ray

Jajo-An acronym that represents the months of January, April, July and October. Many companies that pay dividends an-

nounce their intentions to pay them – or declare a dividend payable on a certain date – four times per year, in January, April, July

and October, the months included in JAJO.

THE IBS TIMES

Talking about 2012, some

have expectations of the mar-

ket rising and vice-versa. If

we analyze the current mar-

ket, we can hardly see any

symptoms of market rising. In 2012 it is said that the

market condition will continue

as it is going now till the

month of March- April.

There's no reason to sell these

kinds of stocks in 2012, but

there's also little reason to

expect them to lead the market

once again as these are some

necessary sectors which will

never crash as today these has

been the priority.

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BRAND TRACK– LIPTON- REFRESHING THE WORLD - POOJA DALAL

Tea is regarded as curer of all ills in Ireland, popular in England as a „National Drink‟, its brew-

ing and consumption is carried out as an elaborate ceremony in Chinese and Japanese cultures,

is used as a beverage to welcome guests in Pakistani, Iranian and Indian cultures, and is the cen-

tre of social gatherings in Arab society. And left over shreds of tea leaves made use of to

prophesies about one‟s future at Hogwarts School of witchcraft and wizardry!

But back in the eighteenth century, tea was still not a widely available drink, and so, in turn was

costly. Most of the European countries had to import it from the Asian countries. Americans,

being pro coffee, resisted tea as an everyday refreshment drink. Australia, then a colony of the

British Empire, had the same unavailability problem of UK. But it all changed in 1850. Thomas

Lipton started to blend various varieties of tea from over the world and marketed it in a distinct

yellow pack, with a red Lipton symbol. It was first of its kinds, branded tea, with good quality

at an affordable price. Thus it reached out to a mass audience and made tea a popular drink.

With a thirst for excellence, Thomas Lipton set sail in search for the premier tea in the world.

This took him to the shores of Sri Lanka (then Ceylon). There Mr. Lipton started to experiment,

blending different qualities of tea, to produce the best

tasting blend. He was very successful. Along with being

a master brewer, Mr. Thomas was an excellent marketer

much ahead of his time. In a time of three decades, he

had developed and successfully promoted the Lipton la-

bel. (By then Lipton teas were synonymous with quality)

And for this feat, he was knighted by Queen Victoria

(that made him Sir Thomas Lipton) in 1898. This earned

him the privilege of supplying tea to Queen Victoria as

well as to many of the European royal families. At the

end of the 19th century he had 300 helpers in London

where he had moved his business to from Glasgow in

1891-1892, 5000 workmen in Ceylon and 150 outlets all over England!

By the end of second decade of nineteenth century, Lipton had operating businesses in several

countries around the globe. Thus when Unilever wanted to take over the brand, it had to do so

in parts. Starting in 1938 (when Unilever bought the US and Canadian Lipton), acquisition was

completed in 1972. From then on, Lipton has been very successful in the Global market and has

kept pace with Global „Green Standards‟ (its tea bags are Rainforest Alliance certified) as well

as the frequently changing palate of the modern consumer.

Lipton brand has the products like Yellow Label, Lipton Green tea, Lipton Ice tea, r\Red tea

Lipton iced tea and Lipton Linea (a tea that helps in slimming). The teas also have many vari-

ants like one with milk powder positioned as „Chai‟ in the Asian market. The Yellow Label is

the original tea brand introduced by Thomas Lipton and currently consists of more than 20

types of teas blended. The iced tea is made in a merger with Pepsi co. It is a bottled ready to

drink tea that is popular in the US. Apart from the long surviving brands, Lipton continues to

give the „refreshing‟ feel to its brand image, by introducing innovative products like the pyra-

mid tea bags and the new flavours (jasmine, mint, citrus) of „Clear‟ tea. More recently, due to

an increase in the health conscious consumer segment, Lipton has positioned itself as a maker

of tea, with beneficial ingredients like flavonoid in black tea and theanine both in black and

green tea.

So the healthiest way to keep you warm this winter is a cuppa tea. Have it your style- Black,

green, oolong. Have it with milk- Masala chai with Parle-G, with cinnamon (ah the Kashmiri

Kahwah!), with cardamom and pistachio or simply made hot water. Take winter your way,

happy sipping.

THE IBS TIMES

By the end of second decade

of nineteenth century, Lipton

had operating businesses in

several countries around the

globe. Thus when Unilever

wanted to take over the

brand, it had to do so in

parts. Starting in 1938

(when Unilever bought the

US and Canadian Lip-

ton), acquisition was com-

pleted in 1972.

Most of the European coun-

tries had to import it from

the Asian countries. Ameri-

cans, being pro coffee, re-

sisted tea as an everyday

refreshment drink. Austra-

lia, then a colony of the

British Empire, had the

same unavailability problem

of UK

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QUICK BITES- NEWS THAT CAN’T BE MISSED ! -SWATI VERMA

Big Shots…

Richard Cameron and Nigel Stagg, Directors of Tech Mahindra tendered their resignations with immediate effect.

Edelweiss Financial Services' Senior Partner Rajeev Mehrotra has decided to leave the company for setting up his own credit

institution.

IT Company sapient announced Rajdeep Endow‟s appointment as the Managing Director of Sapient India.

Intel announced that the incumbent managing director R Sivakumar will be moving to a new role, and announced the ap-

pointment of Debjani Ghosh as the new managing director for its sales and marketing operations in South Asia.

Ravi Ruia steps down as Chairman of Essar Energy amid CBI charges.

Colgate-Palmolive India appoints Prabha Parameswaran as MD.

Company Talks…

Hindustan Unilever Ltd and GAIL have received the National Award for Excellence in Corporate Governance 2011 of the

Institute of Company Secretaries of India.

As a part of its expansion strategy, FMCG Company Nestle India is planning to invest Rs 5 billion on its new plant in Guja-

rat.

Engineering major Larsen and Toubro (L&T) bagged the contract of the new Habshan-Ruwais-Shweihat gas pipeline worth

US$ 189 million from Abu Dhabi Gas Industries (GASCO).

Ashok Leyland received the approval from its board to 75.1% increases its stake in Optare PLC.

Fetise.com raises $5 Million from Seed Fund on ET NOW‟s Super Angels.

Group SEB buys 55% in Maharaja White line.

Tube Investments of India Ltd eyes Rs.500 crore revenue.

FMCG major Dabur has ventured into the professional grooming products market in India and is looking at garnering 5-10%

market share in this through its brand “Fem”.

Lavazza, the Italian coffee brand, ropes in Law & Kenneth as its communications partner in India .

ZTE plans to put Indians in key leadership positions to remove trust deficit.

Indian subsidiary of US company NLC Nalco India changes name to Nalco Water India Ltd.

Bonus issue on anvil for Tata Sons shareholders.

Economy Speaks…

Regular discussions and exchange of ideas among entrepreneurs would play a significant role in boosting economic growth:

Pranab Mukherjee.

Planning Commission sanctions Rs 8,000 crores for Bengal.

Government to include more farm works under MGNREGA.

Anand Sharma confident of implementing FDI in multi-brand retail

Mukesh Ambani to PM: We'll invest Rs 70,000 crores in India.

Domestic pulses import seen flat at 2.7 million T in 2011/12.

The Captains of the Ships…

Chairman of ISO- Dr .B C Gupta

CEO Essar Oil-Lalit Kumar Gupta

Chief Learning Officer, Reliance Industries- Anand Pillai

THE IBS TIMES

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FOCUS OF THE WEEK– NHAI: TAX FREE BONDS - AKSHAY AGARWAL

Baltic Tiger-A colloquial term that refers to any one of the three Baltic nations of Lithuania, Latvia and Estonia, especially

in reference to their double-digit growth rates from 2000 to 2007. The Baltic tigers achieved independence in the early 1990s,

following the breakup of the Soviet Union, and embarked on an aggressive program of economic reforms from 2000 wards.

THE IBS TIMES

NHAI, an autonomous body of Govt. of India under the Ministry of Road, Transport & Highways is offering a Secured,

redeemable, non-convertible debentures with tax benefits under The Income Tax Act, 1961. The issue opens on Decem-

ber 28, 2011 and closes on January 11, 2012. The bonds are rated “AAA” by CRISIL, CARE & FITCH. The Interest

Income on the Bonds is tax-free in nature. The bond offers various modes of Interest payment and also offers the options

of issuing either in Demat or physical form. NRIs can apply on reparable and non reparable basis. The bonds will be

listed on NSE & BSE.

Interest Rates on NHAI & PFC tax free bonds

According to guidelines, coupon rates on tax-free bonds should not be more than G Sec yield less 50 bps for bonds issue

through public issue. So NHAI & PFC both opened full throttle – 8.2% for 10 year bonds & 8.3% for 15 year bonds.

Interest is payable annually. {PFC Bond information is based on Business Bhaskar}

What Tax Free means?

The income by way of interest on these Bonds is fully exempt from

Income Tax and shall not form part of Total Income. There will be

no deduction of tax at source (TDS) from the interest, which accrues

to the bondholders in these bonds irrespective of the amount of inter-

est or the status of the investors. Wealth tax will not be applicable on

these bonds.

Note: If you redeem these bonds through exchange before maturity –

there can be capital gain tax or capital loss depending on your sale

price.

Allotment Basis of tax free bonds

In NHAI bonds it is first come first serve basis for HNI & institu-

tions but for retail it is on pro-rata basis. In PFC bonds allotment is

on basis of first come first serve basis but last days applications will

be treated as equal – bonds will be based on pro-rata basis. These bonds can be applied in both demat & physical form.

Credit Rating

Both NHAI & PFC Bond issues have got highest credit rating from ICRA & Care – that is AAA.

Issue Size

NHAI Bonds – Rs 5000 Crores with option to retain oversubscription upto Rs 10000 Crores

PFC Bonds – Rs 4033 Crores

30% of the base issue size is kept for retail clients. (Where application size is less than Rs 5 Lakh)

Minimum Application Size

In case of retail investors it is Rs 50000 & thereafAter in multiples of Rs 1000.

Who Can Apply

Individuals and HUFs, NRIs (both on repatriable & non-repatriable basis) ,Corporate, FIIs, Financial Institutions, Mutual

Funds, Pension funds,, Partnership firms & Limited liability partnerships, Insurance Companies

Of the total issue, forty per cent is reserved for companies and financial institutions, 30 per cent for high net worth indi-

viduals and Hindu undivided families and 30 per cent for normal retail investors. Corporate investors would be allotted

bonds on a first-come-first-served basis, while for retail investors, the allotment would be carried out on a proportionate

basis.

In NHAI bonds it is first

come first serve basis for

HNI & institutions but for

retail it is on pro-rata

basis. In PFC bonds al-

lotment is on basis of first

come first serve basis but

last days applications will

be treated as equal – bonds

will be based on pro-rata

basis. These bonds can be

applied in both demat &

physical form.

According to guidelines,

coupon rates on tax-free

bonds should not be more

than G Sec yield less 50

bps for bonds issue through

public issue. So NHAI &

PFC both opened full

throttle – 8.2% for 10 year

bonds & 8.3% for 15 year

bonds.

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NEWS @ IBS– ALL HAPPENINGS IN IBS HYDERABAD! - ANKIT SHARMA

ADMIRE-JUARI

Admire the advertising club of IBS Hyderabad bought Vegas to the campus with their event

Juari. Admire has been known for coming out with innovative and interesting games and this

one was no different. With games like poker, blackjack, slot machines and darts students were

given a chance to showcase their gambling talents. The concept behind the game was simple

participants had to register in teams of two and each team were provided 20 admiros and one

had to increase their count as much as possible. A participant could play any event and if he

won he was given twice or at times thrice the number of admires he initially bet. The event also

had fun games like karaoke. The winners of the event were Anubha, Niwesh and Ojas, Ankit.

INFINITY STUDIOS-ANDAAZ APNA APNA MOVIE

Infinity studios the cinema club of IBS Hyderabad for the first time in the history of the college

brought open air theatre to the campus. The Infinity studios screened the evergreen comedy An-

daz Apna Apna starring Salman Khan Karishma Kapoor raveena Tandon and Amir Khan. The

students of the campus were thrilled to witness an event like that and flocked in great numbers

to watch the movie. Infinity studios also did a great job of organizing, everything was inch per-

fect from the sound system to snacks orders and the event was thoroughly enjoyed by everyone.

MAVERICK-CARNIVAL

If Admire bought Vegas to Hyderabad then Maverick the marketing club of IBS Hyderabad

was not far behind either. They organized an event called Carnival wherein participants had to

register in teams of two and were then made to play games like break the castle, hoola hoops etc

based on product differentiation and product identification. The contestants thoroughly enjoyed

the event. The event was won by Lisa and Riddhi.

SAMAVESH-MOODS OF MUSIC

Samavesh the cultural society once again enchanted its audience with their event moods of mu-

sic. The highlight of the event was a musical performance by Atharth and many talented people.

The Auditorium was Jam packed.

CHRISTMAS CELEBRATION IN THE CAMPUS

On the 22nd of December the whole of IBS got together to celebrate Christmas in the Audito-

rium. The atmosphere was vibrant with lights everywhere and decorated Christmas trees. It be-

gan with popular Christmas carols like Rudolf the red nosed reindeer and jingle bells and the

focus then shifted to cake cutting and distribution. Overall it was an amazing event with a huge

turnout.

THE IBS TIMES

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MARKET WATCH - KRITIKA SETHI

Positive news from the US regarding new-home sales that are up 1.6% as compared to Oc-

tober 2011 and are up 9.8% as compared to last November overshadowed fears of the debt

crisis in Europe for the time being. Other US economic data too indicated strengthening of

the US economy. This led to the world markets closing the week higher adding sheen to

Christmas celebrations. The Indian stock markets were up 1.6% during the week. News

about easing of food inflation along with global cues regarding strengthening of the US

economy helped the markets post gains for the week. Sectoral indices showed a mixed

performance during the week. While Oil and gas index were up by 3.3% and FMCG index

up by 3.2% led the pack of gainers, while capital goods which were down by 3.2% and metals down by 1.6% ended the week in the

red on concerns of slowing economy.

Movers and Shakers of the week

Ashok Leyland received the approval from its board to increase its stake in Optare PLC. Optare is British bus manufacturing com-

pany and Ashok Leyland's existing stake in it is 26%. The auto company intends to raise it to 75.1%. The additional stake will be

acquired at Rs 300 m. The acquisition will help Ashok Leyland get access to Optare's technology which includes modern range of

city buses. The company will be going for refinancing option whereby it will be facilitating a credit-line to support Optare's re-

banking options. A few telecom companies have been asked to terminate their 3G roaming arrangements by 3 p.m. on Saturday.

This comes after the Department of Telecom announced that these roaming pacts were illegal. While Bharti Airtel, Vodafone

and Idea Cellular have been asked to terminate these by Saturday, notices have been sent to others including Tata Teleservices and

Aircel. The telecom companies are not too happy about the decision and called it arbitrary. Since the announcement came late Fri-

day evening, they do not even have the option of any legal recourse. With valuations in Indian stock markets getting closer to the

lows of 2009, investors would do well to endow their portfolios with some heavyweight blue chip stocks and fundamentally sound

mid and small cap stocks that are currently available at attractive prices. While the volatility in stock markets may linger in the near

term, patience and smart investing at the current levels can pay rich dividends in the longer term.

Global cues

Amongst the other world markets, all were in an upbeat mood except Japan which was down by 0.1% and China was down by

0.9%. France and the US were the top gainers up by 4.4% and 3.6% respectively.

SURGES %Change DOWNFALLS %Change

APOLLO HOSPITALS 16.8 STERLING BIOTECH 53.6

BALRAMPUR CHINI 13.6 SYNDICATE BANK 20.5

GTI INFRA 12.4 REI AGRO 20.1

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11

15,379.34

15,175.08

15,685.21

15,813.36

15,738.7011,766.26

12,103.58 12,107.7412,169.65

12,294.00

10,500.00

10,700.00

10,900.00

11,100.00

11,300.00

11,500.00

11,700.00

11,900.00

12,100.00

12,300.00

12,500.00

15,000.00

15,200.00

15,400.00

15,600.00

15,800.00

16,000.00

19-Dec-11 20-Dec-11 21-Dec-11 22-Dec-11 23-Dec-11

SENSEX

DJIA

MARKET WATCH

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Disclaimer- This newsletter is just a compilation of news from various sources. Thus, readers are expected to cross-check the facts before

relying upon them. Though much care has been taken to present the facts without error, still if errors creep in, necessary feed

back will be always welcomed. Editors will not be responsible for any undertakings. The newsletter is not meant for sale and

hence, no part of the newsletter should be used without the prior permission of the editorial team.

Sources- The Economics Times, The Hindu Business Line, Times of India, Business Standard, Financial Ex-press, Financial Times,

Business Week, Business World, The Economist, Wall Street Journal, Bloomberg, Reuters, Moneycontrol.com, Vccircle.com,

yahoofinance.com, Business Today, India Today, Investopedia.com, Wikipedia.com, DNA, The Deccan Chronicle, The Hindu,

The Tele-graph.

EDITORIAL TEAM-

AKSHAY AGARWAL, ANKIT SHARMA, AVLEEN KAUR SARNA, DEVANSHI PODDAR, KRITIKA SETHI, KRISHNA SHARMA,POOJA DALAL, SHILPI KALWANI, SWATI VERMA.

BUSINESS JARGONS BY – SHILPI KALWANI

7 NOVEMBER 2011

8 NOVEMBER 2011

9 NOVEMBER 2011

10 NOVEMBER 2011

11 NOVEMBER 2011

Sensex - 17569.53 17362.10 - 17192.82

Nifty - 5289.35 5221.05 - 5168.85

DJIA 12068.39 12170.18 11780.94 11893.79 12153.68

HangSeng 19677.89 19678.47 20014.43 18963.89 19137.17

FTSE100 5510.82 5567.34 5460.38 5444.82 5545.38

Gold ($/oz.) 1791.90 1789 1760.40 1766.80 1788.5

Crude($/bl) 111.08 113.79 113.13 111.67 113.76

INR v/s USD 49.04 49.40 49.59 50.16 50.75

INR v/s EURO

67.59 67.99 68.31 68.81 68.86

QQQQ-The previous ticker symbol for the Nasdaq 100 Trust, an ETF that trades on the Nasdaq. This security offers broad

exposure to the tech sector by tracking the Nasdaq 100 Index, which consists of the 100 largest and most actively traded non-

financial stocks on the Nasdaq. It is also known as „cubes‟ or the „quadruple-Qs‟. This is now known as the QQQ.

THE IBS TIMES

1 2 3 4 5 6 7 8 9 10 11

19 DECEMBER 2011

20 DECEMBER 2011

21 DECEMBER 2011

22 DECEMBER 2011

23 DECEMBER 2011

Sensex 15379.34 15175.08 15685.21 15813.36 15738.70

Nifty 4613.10 4544.20 4693.15 4733.85 4714.00

DJIA 11766.26 12,03.58 12107.74 12169.65 12294.00

HangSeng 18070.21 18080.20 18416.45 18378.23 18629.17

FTSE100 5,364.99 5,419.60 5,389.74 5,456.97 5,512.70

Gold ($/oz.) 1597.70 1624.50 1608.80 1611.80 1607.00

Crude($/bl) 102.91 105.05 106.98 - -

INR v/s USD 53.18 53.92 54.13 53.90 53.90

INR v/s EURO

69.33 70.19 70.61 70.56 70.36