Current & Business Awareness
Current & Business Awareness
Current & Business Awareness
Awareness Quiz
Vinay Chirania
Read all mails very carefully
Check Yahoo Group and IILM email ID
atleast twice in a day
Join Placement Preparation Blog
Start Reading Newspaper and business books
Punctuality and following all my guidelines i
a must
Placement Preparation Cell
Question No. 1
James Chanos
– He also predicted the collapse of Enron
Question 4
Who is the Secretary General of United
Nations?
Ban Ki Moon
Question 5
What is the current $/Rs. Exchange rate
Eeco
– Maruti Suzuki has 54.2% owned by Japan’s
Suzuki Motor Corp
Question 7
What is the size on India’s GDP in $
billion?
S. Gopalakrishnan
Question 10
How many states are there in India?
Ed Whitacre Jr.
Question 12
Who is the Chief Minister of India?
Vinay Chirania
Top CEOs in India…1
Who is CEO and MD of ICICI Bank
Chanda Kochar
Who is MD Mallya
CMD of Bank of Baroda
OP Bhatt
Chairman of SBI
Venugopal Dhoot
Videocon
SAIL Chairman
SK Roongta
Pranab Mukherjee
Minister of Finance
Kamal Nath
Minister for Road and Transport
Anand Sharma
Commerce and Industry Minister
Final Quiz….1
Kalpana Morparia
Sarthak Behuria
Harsh Mariwala
MV Nair
Rashesh Shah
Manisha Girotra
Shikha Sharma
Vinita Bali
Prashant Ruia
Final Quiz…2
Bank of India
Bank of Baroda
HSBC Bank
HDFC Bank
Britannia
Videocon
Temasek Holding
Kotak Mahindra Bank
UBS India
L&T
IndianOil
HUL
Today’s News Headlines….1
Industry grows fastest in 2 years
– IIP rises 11.7% in Nov’09
– Reaffirms hope of 8-9% GDP growth
– Favorable economic growth and high inflation may
prompt RBI to inc. rates
China’s up Cash Reserve Ratio
– Cash reserve Ratio (CRR) is the amount of funds that
the banks have to keep with central bank
– Does RBI pay interest on CRR?
Bharti Airtel to buy 70% stake in Warid Telecom
(Bangladesh)
– Airtel CEO Manoj Kohli
– Paying $300m
Today’s News Headlines…2
Govt. planning to ban Private mining in Tribal belt - Mines and
Mineral Development and Regulation (MMDR) Bill
– $200 mn is actual FDI inflow in Mining sector
– Adversely impact companies like Rio Tinto, BHP Billiton, Vale, Sesa
Goa and MSPL
FII infuse $1.6 b in 6 days
– Difference between FII and FDI and amount
– MD of UBS India?
Sensex closed on 17422
– Infosys rallied 4% to Rs. 2587
– What is Sensex?
Today’s News Headlines…3
Cement Industry
– Main player to report 36.4% YoY growth in net profit
– Net Sales to rise by 5.1% YoY
– ACC, Ambuja, Grasim, Ultratech
– Demand from infrastructure and housing
– Low demand in Southern states due to slow
implementation of Govt Projects
Powergrid FPO likely in 6-8 months
– What is FPO? What is IPO?
Bajaj Hindustan planning to enter power sector
Infosys sees 3.8% rise in revenues versus earlier
1.7%
– IT industry – More than $5 b
Today’s News Headlines…4
Bajaj Auto net triples to Rs. 475 cr
– Main player
MTNL chief RSP Sinha quits
– Controversy over alleged involvement in
favouritism in equipment order to Motorola
Need to develop a long term corporate bond
market to meet requirement of infra
– IL&FS CMD Ravi Parthasarthy
– L&T CFO YM Deosthalee
Future General Insurance to infuse Rs. 150 cr of
additional equity
IDBI completes due diligence to acquire a private
bank
Today’s News Headlines…5
Re falls most in 7 weeks as importers buy dollar
– Closed at 45.72 /$
Govt announced additional incentives for exporters
– Specific incentive schemes to rescur over 2000 products
Fiscal deficit to come below 5%
– 6.8% of GDP this year mainly due to stimulus measures
UP govt disallows sugar import
NTPC to commission 6000 MW every year from 2011
Cairn to commission 600km Barmer pipeline by March
Adhunik to acquire 50% stake in Aussie coking coal
mine for $ 100 m
Obama plans to slap fee on banks and raise $120 b
Today’s News Headlines…6
Bangladesh PM Sheikh Hasina on visit to India
Confered prestigious Indira Gandhi Peace Prize
21 Indians held in China for smuggling diamonds
Defense Minister – AK Antony
SC orders CBI probe in Sohrabuddin encounter
CJI comes under RTI
What is RTI?
Currently CJI is K G Balakrishnan
GSPC divest 5%
Crude Oil slips to $81 per barrel
What is barrel?
Gold dips as China hints tighter policy
Placement Preparation
Group– Session 3
Vinay Chirania
News Headlines – 20th January
Foreign telecos may stay out of 3G race on raw 2G
deal
Fresh Entranta in India’ s telecom scene that win 3G bids will
be placed last in queue of 343 applicants for 2G airwaves
Cadbury falls for Kraft’s new $20b proposal
Vivendi eyes majority in Datacom
Vivendi is French media and telecom company
Datacom is owned by Videocon Group
Who is Videocon’s chairman???
Norway’s Telenor, Japan’s NTT Docomo and Russia’s
Sistema
Unitech has withdrawn its proposal to raise $700 m
through FCCB
Unitech is India’s 2nd largest real estate company
News Headlines – 20th January
Citi posts $7.6 b loss on costs to exit the govt. bailout
programme (CEO – Vikram Pandit)
4th quarter loss was lower than loss of $17.3 b a year earlier; Trouble Asset
Relied Program (TARP)
Kieron Pollard (WI) and Shane Bond (NZ) stars of IPL 3
bid
Radio Mirchi (Entertainment Network) PAT up 121%
10.7 cr in Dec quarter; Prashant Pandey (CEO)
41 million users across the country
China, Taiwan continue tightening
Lifted auction yield on 1 year bills
Premier of China?
Taiwan also increased its overnight lending rates
Japan airlines files for $25 b bankruptcy
Industry hit by volatile fuel costs and fickle flyers
JAL is Asia’s largest airline by revenue
News Headlines – 20th January
Google puts China phone plan on hold
Sophisticated cyber spying from China
China and US already at odds over the value of yuan
currency, trade issues, US arms sales to Taiwan and
Climate Change policy
Dutch Govt to cap ABN Amro bonuses, salary
RBI and SEBI allows Future Trading in Euro, Pound and Yen
ULIPS – Fee ban and cut in ulip charges
Nirakar Pradhan (CIO – Future Generali India)
Profit booking in IT drags Sensex 155 points
Satyam Comp down over 5% on L&T exit buzz
Metal cos likely to report strong YoY growth in earning
Low base effect, sharp rally in commodity prices and robust domestic
demand
Top 3 steel makers reported growth in sales volume in range of 20-60%
News Headlines – 20th January
Operating margins of non integrated players such as SAIL and
JSW likely to expand
Raw material cost almost halved after renewal of contract
Integrated players likely to see any improvement in OM
Realty companies show improvement in Q3 Sales
Housing demand, QIB pumped money
DLF restructuring – DLF Cyber City Developers has been intergrated
with Caraf Builder (60:40)
Sesa Goa acquisition of VS Dempo helped in achieving
growth in sales
MRPL Dec Qtr results better than expected
Mangalore Refinery and Petrochemicals Ltd
Rs. 259 cr profit
Raised capacity utilisation, rupee appreciation
Company processed Cairn’s Rajasthan crude oil which came in at 10-
15% discount to benchmark Brent prices
News Headlines – 20th January
Top level changes at JP Morgan AMC
CEO – Chritopher Spelman
CIO – Nandkumar Surti
Rupee falls to 45.81
Crude below $78 per barrel
NTPC to set up a new company to acquire coal assets abroad
Coal imports at 8 MT in 2008-09
Company may require 270 MT of coal annually by 2017
75000 MW from 30644 MW now
Poor track record of ICVL (SPV formed by PSUs to acquire coal
properties abroad)
Tata power Q3 net profit up 29% (Rs 148 cr)
Low fuel prices and higher generation capacity
Mauritius is the largest FDI investing country in India
During first 7 months, nearly $8b out of $18b
News Headlines – 20th January
$50 b IT industry and BPO firm will now be able to get
service tax refund
RCom poaches top executives from rival firms
Prysmian (Italy) to buy 51% stake in Ravin Cables
for Rs 200 cr
Player in high-technology cables and systems for energy and
telecommunications, with sales exceeding 5 billion Euro in 2008
Lupin cant sell pills in US, Teva files patent suit
Malaysian PM Najib tun Abdul Razak arrived in
India
News Headlines – 23rd January
New gas, better margins fuel 15.8% in RIL profit rise
Earning from oil and gas more than doubled to Rs 1477 cr while those from
refining declined 27% to Rs 1379 cr
Lower earnings in main refining business was offset by more than trebling of
revenues from Exploration and production (E&P) to Rs 3530cr
Grasim Ind Q3 profit biggest in 3 years
ITC Q3 net jumps 27% to Rs 1144 cr
Toyota announces recall of 2.3 m vehicles in US
Bharti revenues grows by 1.4% and profit rises 2.4%
CEO??
Bharti lost customers who could not be authenticated
J&K – Govt prepaid ban (Market Share 35%)
Forex reserves up by $899m to touch $285 b
Dish TV revenues up 44%
Mcleod Russel India (MRIL) net up 184%
MRIL is largest integrated tea company
News Headlines – 23rd January
Google Q4 profit soars five fold
CEO – Eric Schmidt
Core sector grew to a 4 month high of 6% in Dec 2009
ADAG to take on Time, News Corp for MGM
Metro Goldwyn Mayer (MGM)
Maruti Suzuki MD
S Nakanishi
Fortis net profit rises three fold
VK Singh to be next Army Chief
LeT acquires 50 para-gliding equipment
Janeshwar Mishra dead
SP leader, chotte lohia
News Headlines – 25th January
Million dollar bonuses back at MNC banks
HK’s Willowood buys Shreeji Pesticide
Indian National Shipowner Association (INSA) CEO Sudhir S
Rangnekar quits
Dish TV could build on first mover advantage
Around 6.4 million subscribers
Some estimate indicate that DTH would grow more than
50% in next 3 years
3rd Quarter losses higher at Rs 76 cr
Expenditure of Rs 12 cr incurred on marketing
Jindal Stainless (JSL) told SC that Orissa govt,
IDCOL pact with OMC illegal
IDCOL – Industrial Development Corporation of Orissa
OMC – Orissa Mining Corporation
News Headlines – 25th January
India, South Korea to discuss Nuclear pact
President Lee Myung Bak
US Q4 growth seen fastest in 4 years
Larry Page and Sergey Brin to sell 10m shares of Google in
next 5 years
Telecom sector may see salary hikes of upto 30%
Godrej Consumer – twofold jump in consolidated profit
Enhanced product portfolio and growth in international
business
United Spirits – No. 2 liquor firm in world
With growth rate of 13% annually, USL hopes to cross 110 million
cases next year
Overtakes Pernod Ricard
NY based India Equity to buy 25% in IETS for Rs 140 cr
IL&FS Education and Technology Services (IETS)
News Headlines – 25th January
Indo Rama Synthetics – 2nd largest producer of polyster
Growth of 25% in sales
US firm Autonation, UK’s Inchcape trying to set up
retail chains in India
News Headlines – 28th January
Govt looks to sell stake in ITC, L&T
Stakes inherited due to bailout of Union Trust of India
Around Rs 19000 cr at current stock prices
Volume growth fails to put in appearance at resurgent Q3
show
Company benefited from higher product prices and effect of lower base
Profit also improved due to lower operating expense
Who presented first budget of India?
James Wilson (150 years ago)
Morgan Stanley India head steps down
Narayan Ramachandran
Scott Gaynor to take interim charge
Sensex hits 12 week low (16,289)
Drop of 490 points yesterday
Who is Edelweiss Chairman
Rashesh Shah, Edelweiss group acquires Anagram Capital (Rs160 cr)
News Headlines – 28th January
Timothy Geithner in trouble on AIG issue
US treasury Secretary
Geithner involved in decisions not to disclose details of $62b payment
Dabur India consolidated net rises 28%
Vatika, Hajmola, Real Juice sales up
SAIL Q3 net soars 99%
Net profit Rs 1676 cr
Lower cost of imported coal and higher sales volume
SAIL Chairman????
Union Bank Q3 net drops 20%
BOB net up 17.5% on low tax provision, NPA
Net Interest Income climbs 10% to Rs 1601 cr
CMD???
Rupee hit 3 week low – 46.37/$
Religare Sec. President Amitabh Chakraborty resigns to join Kitara
Capital
News Headlines – 28th January
Telcos add 19.1 m new users in Dec’09
Highest monthly growth recorded by any telecom market ever globally
525.15 m users
LIC, United India agree to sell DPSC stakes to Srei-led group
DPSC Limited (DPSCL) incorporated in the year 1919 Primarily to supply
power to the Bengal Coal Company Ltd
SL President Mahindra Rajapaksa won re-election
Lt Gen Avdesh Prakash faces Court Martial
SP asks Amar to quit, Mohan Singh is replacement
PMO defends Padma Bhushan for Sant Singh Chatwal
CBI chargesheeted him for $9 m fraud earlier