4th November 2016

Weekly newsletter of Consulting club, IIM Shillong

Story of the week

Every year in consulting
is like three years in the
corporate world because
you have multiple clients, multiple issues you grow so much.
- Indra Nooyi

The Drama Continues

A week after the boardroom coup, Mistry is still chairman and non-executive director of Tata Motors Ltd, owner of Jaguar Land Rover, Tata Power Ltd and Indian
Hotels Co. Ltd, among other companies. Tata Sons doesnt hold a majority of the
stock in those and other group units, making the task of evicting Mistry more difficult. In the meantime, ten Tata group firms had lost a combined market capitalization of 44000 crore within three days of the fiasco.

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In This Issue

Reach us at: http://www.iimshillong.ac.in/student-life/student-clubs/conquest/

The week that was...

What a strategy!

Straight from the

horses mouth...

M&As at a glance...

For your
information...

The week that was...

World Bank gets a new face

GST: A four-tier structure finalized

Kristalina Georgieva, a former head of EU humanitarian affairs, has been appointed chief executive of the World Bank.
She will succeed Sri Mulyani Indrawati in January 2017.
Georgieva is a Bulgarian economist and administrator and
currently serving as European Commission Vice President for
Budget and Human Resource.

A 4-tier GST tax structure of 5, 12, 18 and 28%, with lower

rates for essential items and the highest for luxury and demerits goods that would also attract an additional cuss, was
decided by the all- powerful GST Council on Thursday. With a
view to keeping inflation under check, essential items including
food, which presently constitute roughly half of the consumer
inflation basket, will be taxed at zero rate. Luxury cars, tobacco
and aerated drinks would also be levied with an additional cess

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Trade Agreement with Bhutan

The Union Cabinet has approved a new agreement on Trade,
Commerce and Transit between India and Bhutan. The Agreement provides for a free trade regime between two countries.
It also provides duty free transit of Bhutanese merchandise for
trade with third countries. As per the agreement, bilateral trade
between both neighbouring countries will continue to be transacted in Indian Rupees and Bhutanese Ngultrums.

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on top of the highest tax rate.

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Andhra Pradesh, Telangana top

Ease of Doing Business list
Andhra Pradesh and Telangana have jointly topped the Ease of
Doing Business Reforms Ranking 2015-16. The ranking of the
states was conducted by the Department of Industrial Policy
and Promotion (DIPP) and the World Bank. States were ranked
on their implementation of DIPP-proposed 340-point Business
Reform Action Plan in period between July 2015 and June
2016.

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Reach us at: http://www.iimshillong.ac.in/student-life/student-clubs/conquest/

What a Strategy!

New GSMA Chairman

NMCE hopes merger

Nokia finalized acquisition of former rival

Alcatel-Lucent. The deal was struck in
April 2015 but Nokia struggled to buy all
shares. Alcatel-Lucent specializes in
networking, IP technologies, software
and services.

Founder and Chairman of Bharti Enterprises Sunil Bharti Mittal appointed GSM
Association Chairman. He is the first
Indian elected for this chair. Mittal will
oversee the strategic direction of the
organization of GSMA which represents
nearly 800 mobile operators of the
world.

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To prevent an order to exit, the Ahmedabad-based National Multi Commodity

Exchange (NMCE) wishes to merge with
an existing player to the meet the funds
requirement set by regulatory authorities.
NMCE was the first exchange to obtain
the national commodity futures accolade,
in 2002. SEBI has fixed the minimum net
worth at 100 crore whereas NMCE is

Nokia completes acquisition

reeling at 60 crores.

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Straight from the horses mouth...

Internet moves towards Multistakeholder model
Weve been doing the same work for 18 years. The policy making process has been
happening all along. We are very grateful for the Indian government's support to make
the multistakeholder model a success. They understood the positives of this model,
which is worth reiterating. The continuous support of your community is going to be important because of the amount of users you have and also the diversity of users, with 22

languages.

Reach us at: http://www.iimshillong.ac.in/student-life/student-clubs/conquest/

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M&As at a glance...

Tesla, SolarCity shares fall ahead

of merger details

State Bank of Hyderabad faces

blues ahead of merger with SBI

Shares of Tesla Motors Inc and SolarCity Corp tumbled on

Tuesday ahead of expected financial details from the electric
carmaker on a pending $2.6 billion merger that has been met
with widespread investor skepticism. Shares of Tesla were
down 4.1 percent in afternoon trading to $189.60 and shares
of solar panel installer SolarCity were down 3.5 percent at
$18.91.

There may be just one more quarter left before the State Bank
of Hyderabad (SBH) stops filing separate financial results in
the run-up to the merger with State Bank of India (SBI), like
the other four associate banks of the country's biggest lender.
But the results filed by the bank for the quarter ended September, 2016 have just denied it a place in history of being a consistently profit making bank since its inception.

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For your information...

Worlds largest Marine Protected

Area

India 133rd Global Youth Development Index

Antarticas Ross Sea was declared as worlds largest Marine

Protected Area (MPA) to protect the Earths most pristine
marine ecosystem. It was declared after landmark international agreement among 24 countries and European Union in
Commission for the Conservation of Antarctic Marine Living
Resources (CCAMLR) meeting in Hobart, Australia.

India has been ranked poorly at 133rd out of 183 countries in

the 2016 Global Youth Development Index (YDI) compiled by
the Commonwealth Secretariat. The Global Youth Development Index report measures countries prospects for young
people in employment, education, health, civic and political
spheres.

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Reach us at: http://www.iimshillong.in/student-life/student-clubs/conquest