The Business Capsule

5th issue

13th November 2010

TOP NEWS
G20 Leaders Likely to Agree on Trade, Currency at South Korea Summit Leaders of the G20 group of major economies continue to hold talks during the summit in South Korea capital Seoul, the BBC has reported. A spokesman for the summit has announced that the G20 leaders were likely to reach some sort of agreement on resolving trade and currency disputes. Despite feared tension between the United States and China, a US official has expressed optimism that the summit would back a declaration addressing global economic balances Miss America Becomes Miss World 201 American beauty Alexandria Mills became Miss World 2010 at the global pageant held in Sanya on the island of Hainan, China. Emma Wareus from Botswana got the prestigious runner-up place, while third was Adriana Vasini from Venezuela.120 contestants from across the globe participated in Miss World 2010. The committee consisted of many former holders of the prize. 13 Mumbai students commit suicide in last 2 weeks A spate of student suicides continue to rock Mumbai. A class 12 student killed himself on Monday making it the 13th such incident in the city in the past two weeks.Reshim Kasbe was a 12th standard student of Ambedkar College. Kasbe hanged himself using his mother's dupatta on Monday evening. With no suicide note left behind, police are trying to find out what drove the 18-year-old to take such an extreme step."There is no suicide note. We don't know the reason yet," said Nehru Nagar police inspector Shivaji Erande. Open up your markets: Obama to India US President Barrack Obama today sought reciprocity in trade and access to Indian market to allay the fears of Americans that the relationship was a one-way street."We want access to Indian markets. We want to sell in India... It's not unfair for US to say that if our economy is open, then the countries with whom we trade will have to change their terms," the President said. His remarks came while interacting with students at St.Xaviers college here and in the backdrop of US companies seeking access to India's financial markets, retail and other sectors. India economy set to grow 8.5 pc in 2010-11India's economy is expected to grow 8.5 per cent in the current year and 9 per cent in 2011-12, Prime Minister Manmohan Singh said on Friday."However, high unemployment in industrialised countries threatens a revival of protectionist sentiment, especially since the use of conventional monetary and fiscal tools to revive the economy has been exhausted," he said in a speech at the plenary session of the G20 summit in Seoul. Ramalinga Raju, 5 others to go back to jail B Ramalinga Raju, the prime accused in the multi-crore Satyam accounting fraud, and five others surrendered before a trial court in Hyderabad on Wednesday.Ramalinga Raju, his brother B Rama Raju, former Satyam CFO V Srinivas and three other former employees of the IT firm -- G Ramakrishna, Venkatapathi Raju and Srisailam -surrendered before the 21st additional chief metropolitan magistrate as the Supreme Court had last month cancelled their bail. How desi entrepreneurs are creating jobs in the US. Unlike previous visits by American presidents, President Obama has made it amply clear that this one is about jobs and exports beyond geopolitics. The deals announced on day one amount to $ 10 billion.US firms such as GE, Boeing etc. are to benefit from the deals. The deals are said to create 50,000 jobs in the US. But, are the benefits of export led (aided by quantitative easing and a weak dollar) in the US limited to large Fortune 500 companies and their vendors, shareholders and employees? Can American small business, the engine of jobs take advantage of the booming Indian economy too? G20 meet: India cautions against protectionism In the midst of a raging war over currency exchange rate between the US and China at the G20 Summit in Seoul, India on Friday cautioned against competitive devaluation and resist any resurgence of protectionism.India also spoke against talk of putting a cap on current account balance, proposed by the US at four per cent of the Gross Domestic Product (GDP), saying it is not not easy to reach agreement on what are sustainable current account balances for individual countries given the structural differences across the countries. Microsoft sues Motorola over Xbox patent issue Microsoft Corp stepped up its legal battle with Motorola Inc on Tuesday, as the software company accused the phone maker of charging excessive royalties on network technology used in Microsoft's Xbox game system.The suit, filed in federal court in Seattle, comes a month after Microsoft charged that its former ally Motorola infringed a number of its patents in its Android-based smart phones, which run on software built by Google Inc. Bush book praised in US, criticized overseas George w bush new book DECISION POINTS is praised in us but it is critisised rest of the world. The decisions that taken by BUSH in the past are the main issue of criticize.

The Business Capsule

5th issue

13th November 2010

NATIONAL STOCK EXCHANGE CLOSING INDEX PRICES (01-NOV-12 NOV)

CHART

NSE CLOSING STOCK PRICES

6350.00 6300.00 6250.00 6200.00 6150.00 6100.00 6050.00 6000.00 5950.00

6117.55

6071.65

BOMBAY STOCK EXCHANGE CLOSING INDEX PRICES (01NOV-12 NOV) CHART

The Business Capsule

5th issue

13th November 2010

BSE CLOSING STOCK PRICES

21200 21000 20800 20600 20400 20200 20000 19800 19600

20355.63

20156.89

THE QUIZ
1) Which of the following country not sharing border with Afghanistan? a) Turkmenistan b) Uzbekistan c) Kazakhstan d) Tajikistan 2) Who is the author of the book decision points a) Georg W bush b) Amrita shergil c) K. R Narayana d) A.P.J Abdul Kalam 3) Scientific Name of Saffron- expensive price? a) Crocus sativus b) Human sapiens c) Panthera Tigris d) Rosa Indica 4) Which is asias largest residential university? a) MIT, US b) BHU c) Harward d) Delhi University 5) Which country is largest producer of apple? a) China 3

The Business Capsule

5th issue

13th November 2010

b) India c) Nepal d) Japan

Answers of last quiz

Q1)A , Q2)B, Q3)B, Q4)D, Q5)C

Send the correct answers at mitsobbcapsule@gmail.com.the first three to give the correct answers will be shortlisted for the monthly complimentary prize;Plz dont forget to write your name, sec, and roll. No. with the answers.

THE BUSINESS ICON

BILL GATES

William Henry "Bill" Gates III (born October 28, 1955) is an American business magnate, philanthropist, author and chairman of Microsoft, the software company he founded with Paul Allen. He is consistently ranked among the world's wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third. During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder with more than 8 percent of the common stock. He has also authored or coauthored several books. Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is admired by many, a number of industry insiders criticize his business tactics, which they consider anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.Bill Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect and Craig Mundie, chief research and strategy officer. Gates' last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.

The Business Capsule

5th issue

13th November 2010

Sources-www.yahoo.finance.com, www.rediff.business.com, www.wikipedia.com www.indiabiznews.com. The economics times, business standard, the economist. Editorial Team-Aditya Panch, Devashish Roy, Jakra beg, Lionel Maain, Saket Suman, Chandan Mishra, Bipin Bharadawaj, Sweta kumari. Under the guidance of: Prof Avinash Deshpande We will be more than happy to receive the feedback and contributions from our readers regarding this e-publication. We welcome your feedback at mitsobbcapsule@gmail.com