University of Petroleum &Energy Studies

Weekly News Letter MBA (LSCM) 10-Sep-2012

B y:Seshadri Kannan P hanindra Kumar Sugandha Adlakha Sandeep Singh

which is reviewing the Constitutional Amendment bill needed to implement GST. while maintaining the leadership position in the retail household relocation business. The group is also into warehousing with 2 million sq ft space and has plans to develop more warehouses across the country. While no decision has been taken so far to postpone the launch. • FDI in retail to harm Indian workers – warns Minister With the ongoing scuffle in the parliament on allowing FDI in multibrand retail has taken another bearing as Minister Jyotiraditya Scindia feels it will harm Indian workers. According to FDI in multi-brand retail will lead to widespread displacement and poor treatment of Indian workers in retail. indications are that it is likely to be delayed. • India must not take eurozone crisis lightly: Chief Economic Advisor Raghuram Rajan . establishing further stations across India and engaging more actively with corporate clients.Weekly News Letter • Agarwal Packers & Movers Eyes Tier 2 Cities for Growth Agarwal Packers & Movers. It offers innovative concepts like plastic crates for packaging for electronic items and home shifting etc. • GST rollout likely to miss April 2013 deadline The government's plan to roll out the Good and Services Tax (GST) by next April is unlikely to be met as an expert has suggested not to rush through with the country's most ambitious tax reform initiative. The delay in the report of the parliament's standing committee on finance. the leaders in household relocation segment is planning to enter Tier 2 Cities. agriculture and manufacturing. logistics. The company intends to consolidate its position in this segment by increasing thrust on marketing. has also provided some breathing space to the government to stitch together a consensus on the issue.

But those countries are also directly or indirectly exposed to Europe. It had stopped operating two manual production lines at Gurgaon in an effort to move to fully automated operations. bring Manesar operations on par with Japan plants Maruti. So I think the direct and indirect trade exposures can be substantial and we should not dismiss them. This will bring Manesar operations on par with its hi-tech plants in Hamamatsu.9-billion (about 11. which operates two plants at Manesar.India must not treat the Eurozone crisis lightly. even though the crisis may appear to be playing out at a distance. • Maruti Suzuki to increase automation. India in January allowed 100% foreign investment insingle brand retail with riders such as 30% of the goods must be sourced from small and medium enterprises in the country and the investing company must own the brand. is planning 99% automation in the press shop where steel sheets are molded into door frames and then passed onto the weld shop to hinge them onto the body of the vehicle. • Exports may fall below USD 300 billion mark this year: Assocham(Associated Chambers of Commerce and Industry of India (Assocham)) The economic slowdown and the contraction in world trade has started taking a toll on India’s overseas shipments with exports registering the . The local sourcing norm has cast a shadow over Swedish furniture retailer Ikea's proposed $1. "India's exposure to Europe has gone down over time and its exposure is more towards other emerging markets in the Middle-East and Asia." Rajan told ET NOW in his first interaction with Indian media after he was named the CEA. • Sony to roll out own stores if government relaxes local sourcing norms Japanese electronics company Sony Corp plans to roll out companyowned stores in India if the government eases the mandatory 30% local sourcing norm for allowing 100% foreign investment in single brand retail.000 crore) investment plans in retail and discouraged companies such as Sony that are keen to enter the country's booming retail market. Japan. Sony India head said. saysRaghuram Rajan. as the country is vulnerable through the impact on trade financing and capital flows. India's new chief economic advisor(CEA). Maruti has increased the automation percentage at its three plants in Gurgaon to 60-65%in the past few years.

12. • Rourkela Steel Plant's best ever April-August performance in major production areas Rourkela Steel Plant has scripted its best-ever April-August performance in major production areas.4 billion in July. Net foreign exchange reserves in the Euro system of central banks fell by 2.1 billion Euros to 241.092 Tonnes of crude steel and 8. • Rupee ends down at 55. the ECB said in its regular weekly consolidated financial statement.70. weighed down by dollar demand from oil refiners amid lack of any major dollar supplies.5 billion.sharpest fall of 14. seen between 55-56 against dollar The rupee closed weaker for a second straight session on Tuesday. • NTPC's poor logistics plan for coal costs it Rs 699 crores additional Country's largest power producer NTPC had to pay an excess amount of Rs 699 crores during 2008-11 due to its failure to ensure that imported coal is supplied with least transportation cost by STC and MMTC. including crude and saleable steel. Associated Chambers of Commerce and Industry of India (Assocham) on Tuesday pitched for sops to labour-intensive sectors and stated that inflation and high interest rates are making the country’s exports uncompetitive. RSP sources said the steel plant produced 9. after hitting its highest level in over a week earlier in the session.386 Tonnes of saleable steel during . leaving a trade deficit of $15. 31. Cautioning that exports this year may fall below USD 300 billion. • Euro gold reserves down by 1 million Euros in week ending August 31: ECB Gold and gold receivables held by euro zone central banks fell by 1 million Euros to 433. 9. the European Central Bank said on Tuesday. The continued slide in the economic growth also had its reflection in the numbers with imports declining by 7. putting a question mark on achieving the $350 billion target set for this fiscal.S.65.78 billion Euros in the week ending Aug.8 per cent in the last three years declining to $22.9 billion in July.85. The demand for Indian goods has gone down dramatically in its traditional markets of U.527 Tonnes of hot metal. and Europe that are showing no signs of reviving.9 billion Euros.61 per cent to $37.

highspeed corridors.1 million (Rs 484. private freight terminals. port connectivity. for USD 87. the Nikkei reported. energy conservation.5 per cent. which fell 20 percent in 2011.000 crore investments: An estimated INR 80.7 percent in July but were below industry estimates as higher interest rates and a hike in excise taxes stunted demand. registering growth of 4.000 MW ultra mega power project Reliance Power has started producing coal at two mines attached to its 4. 3. Areas to be covered under PPP will include an elevated rail corridor. a deal which the software services provider said will give it a revenue leg-up of USD 845 million over the next five years.9 per cent and 3. • Tech Mahindra buys Hutch BPO arm.the first five months of the current fiscal. redevelopment of stations. dedicated freight corridor. scaling down its lineup of sedans and focusing on compact vehicles. • Reliance Power starts coal mining for Sasan 4. the Nikkei said.03 crores). helped by the newly launched Brio subcompact. call centre arm of Hutch here. logistics parks. to get $845m revenue boost Tech Mahindra on Tuesday announced the acquisition of Hutchison Global Services (HGS).Honda's India sales. loco and coach manufacturing units. have jumped 70 percent in January-July. • Honda Motor to shrink sedan lineup in India. etc.000-megawatts ultra mega power project at Sasan. SECTORIAL Infrastructure: • Railways look at private firms for INR 80. Chief Executive JP Chalasani said on Monday. focus on compacts Honda Motor Co will reorganize its car business in India.000 crore of private investment will be required for implementation of various Public Private Partnership (PPP) projects identified by the Railways. • Japan obtains stake in Indian Investment firm: .4 per cent respectively over the corresponding period last year. Car sales in India rose 6.

Yukio Edano informed. marking Tokyo's latest investment in South Asian giant. being constructed by the Dedicated Freight Corridor Corporation (DFCC). • Railway Freight Corridor to be Signal free: The 3. Shipping: • ICTT to go Green: Aimed at making the International Container Transhipment Terminal (ICTT) a Green Terminal. The move has come as a major help for railways as it will ensure elimination of around 1.6 billion USD. has a host of new features which include computerized controls. The government-linked Japan Bank for International Cooperation would purchase 26% stake in the Delhi-Mumbai Industrial Corridor Development Corporation (DMIC). Lucknow.Japan announced Tuesday it would buy a major stake in an Indian company at the centre of a huge infrastructure building project. named Bheem. The investment is about 4. and manufactured by Diesel Locomotive Works. . The engine. will be level crossing free to ensure seamless transportation of goods. the Dubai Port World that operates the terminal has initiated steps to provide power from shore to the vessels calling at Kochi.338 kilometer (km) exclusive freight corridor. A state-ofthe-art freight train engine.900 level crossings by constructing road over-bridges or road under-bridges on existing railways routes along the freight corridor route. Railways: • High-Tech train engine ‘Bheem’ to bestow freight transport a facelift: Freight transport in India is all set to get a facelift in months to come. Varanasi. designed by Research Designs and Standards Organization (RDSO). Japanese Industry Minister Mr. an air conditioned cabin and holds 4500 HP attaining 100 kmph. will soon be put to test on Bareilly-Moradabad railway line.

91 3011.1 06-09-12 17346.82 Currencies 55.63 SENSEX NIFTY NIKKEI HANG SENG STRAIT TIMES USD EURO GBP . Freight Forwarding and Logistics Industries Suffer from 'Regulation Fatigue – V.84 88.93 88.78 19552. Federation of Freight Forwarders' Associations in India Market Watch: Market Trend 30-08-12 Stock Indices 17541.57 19209.000-50.64 5315.3 2989. to better ensure the ability of the United States to compete in the global economy.4 8680.000 crore powerhouse.Roadways: • APL Logistics Transportation: revolutionizes International Vehicle APL Logistics has revolutionized containerized vehicle transportation with the introduction of AutoDirect – a cost efficient solution that uses flexible but secure racks to safely and securely transport finished vehicles door-to-door.65 69. Trending Articles : • • Expat in the land of Kiranas.27 5238.05 8983.Reliance Retail : How Rob Cissell aims to make Reliance Retail a Rs 40.26 55. Ayyappan. • US DoT establishes Freight Policy Council: The US Department of Transportation (DoT) has launched a new Freight Policy Council to focus on improving the condition and performance of the national freight network.36 70.

71 Commodity (INR) Gold (10 gm) 30654 Silver (Kg) 57155 Crude Oil (1 barrel) 111.23 0.71 31910 59700 114.11 .JPY 0.

COMMODITIES : GOLD/SILVER .

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