Re Corrected @

The Mistry ends

The exit of Cyrus Mistry surprised many as did his entry four years back. The
reasons though not officially communicated, are speculated to be declining
performance and mounting debts with a greater emphasis on cash cows.'
Mistry's approach of shedding non-profit businesses, including the
conglomerate's steel business in Europe, is not supposed to go down well with
Tata Sons board. For the time, Ratan Tata would be heading the firm, along with
deciding the new successor in 4 months
http://timesofindia.indiatimes.com/business/india-business/What-might-have-led-
to-Cyrus-Mistrys-ouster-as-Tata-Sons-chairman/articleshow/55037959.cms?
utm_source=TOInewHP_TILwidget&utm_medium=ABtest&utm_campaign=TOIne
wHP

Venezuela Crisis
Venezuela has the worlds highest inflation rate and is supposed to rise to 1660%
next year according to a World Bank report. This has led to food shortages, lack
of medical supplies and severe power cuts which are hampering the economy.
Both the government and opposition are blaming each other. The opposition has
launched Political trial against the President Nicolas Maduro who terms it
illegitimate.' The reason for the turmoil has been linked to low oil prices which
form 95% of Venezuelas export, thus severely hurting its revenue and public
welfare initiatives.
Read More
http://www.bbc.com/news/world-latin-america-36319877

2016 Man Booker Prize --Paul Beatty

Paul Beatty became the first US author to be awarded the prestigious literary
prize. He was awarded the prize for The Sellout,' a story of a black man trying to
reinstate slavery and racial segregation in the heart of Los Angeles. The award
aims at recognizing and encouraging finest literary fiction written in English and
published in the United Kingdom.

Read more at https://www.theguardian.com/books/2016/oct/26/man-booker-prize-

winner-paul-beatty-the-sellout-interview

India still at 130th in Ease of Doing Business ranking by World Bank

The World Bank report had revised Indias rank to 131 from earlier 130th for the
year 2016.India ranks lowest in Doing Business among the BRICS nations--Russia
(40), South Africa (74), China (78), Brazil (123) and India (130).
Read more at http://blogs.wsj.com/indiarealtime/2016/10/26/why-india-isnt-
climbing-ease-of-doing-business-ranking-despite-efforts/

India ranks 87th on the WEFs Global Gender Gap Report 2016
India has been ranked 87th out of 144 countries on the World Economic Forums
(WEF) Global Gender Gap Report 2016. India has climbed 21 spots from 108th
position in 2015. The report measures gender gap as progress towards parity
between men and women in four areas (i) Educational attainment, (ii) Health and
survival, (iii) Economic opportunity and (iv) Political empowerment.
Read more at http://www.business-standard.com/article/current-affairs/india-up-
21-places-in-wef-gender-gap-report-116102600049_1.html
CO2 level reaches record high in 2016: WMO
According to the World Meteorological Organizations (WMO) annual Greenhouse
Gas Bulletin level of carbon dioxide (CO2) emissions in the atmosphere has
reached a record high. The globally averaged concentration of CO2 in the
atmosphere reached to 400 parts per million (ppm) for the first time in 2015. It is
expected to surge again to new records in 2016 on the back of the very powerful
El Nio event.
Read more at https://www.theguardian.com/environment/2016/oct/24/new-era-of-
climate-change-reality-as-emissions-hit-symbolic-threshold

TRAI recommends Rs 3,050 crore penalty on Airtel, Vodafone & Idea

Telecom Regulator Telecom Regulatory Authority of India (TRAI) has
recommended Department of Telecom (DoT) to impose combined penalty of
3,050 crore rupees on Bharti Airtel, Vodafone, and Idea Cellular. It had mentioned
that the penalty should be imposed on these telecom companies for allegedly
denying interconnectivity to newcomer Reliance Jio.
Read more at http://www.financialexpress.com/companies/trai-recommends-rs-
3050-crore-fine-on-airtel-vodafone-idea/426218/

India wins 2016 Kabaddi World Cup

India has won the 2016 Kabaddi World Cup by defeating Iran by 38-29 score in
the final match played at the Arena By TransStadia in Ahmedabad (Gujarat. It
was Indias third consecutive Kabaddi World Cup in the Standard Style version of
Kabaddi. Earlier India had won in 2004 and 2007.
Read more at http://www.thehindu.com/sport/other-sports/india-triumph-in-
kabaddi-world-cup-maintain-dominance/article9256477.ece
ECB's for Start-Ups- a push by RBI
The Reserve Bank of India (RBI) on Thursday issued rules permitting these to
raise external commercial borrowings (ECBs).In a statement, RBI said the
borrowing per start-up was capped at $3 million per financial year. It could be
either in rupees or a convertible foreign currency or a combination of both. The
money could be used for any expenditure of the borrowers business.
AT&T announces merger with Time Warner
After acquiring DirecTV last year and thus becoming USs largest cable or
satellite TV provider, AT&T has decided to merge with Time Warner which would
give it ownership of HBO, CNN and many other programming channels. The
merger needs to be approved by regulatory authorities which could block the
deal, but AT&T has already committed an offering of $35 billion package.
Read More
http://www.bloomberg.com/news/articles/2016-10-27/at-t-needs-the-time-warner-
content-factory-to-survive
Qualcomm acquires NXP
Qualcomm announced acquisition of NXP Semiconductor for $47 billion, which is
the biggest ever semiconductor deal. NXP makes smartphone chips -- it makes
the NFC payment chips and once supplied Apple's motion co-processors inside
the iPhone -- the company has a huge presence in the automotive, security and
Internet of Things industries. In fact, NXP boasts that it powers 14 of the 15
most-popular vehicle infotainment consoles.
Read more
http://www.nytimes.com/2016/10/28/business/dealbook/qualcomm-acquire-nxp-
semiconductors.html?_r=0

Yum CEO Greg Creed about the future of business

Chief Executive Greg Creed sees a once in a lifetime opportunity to rethink the
companys business model for continuation and expansion. In an interview, Mr.
Creed reflected on the decisionn to separate the China business and the how the
business has hanged over the years. He said
If I go back 20 years, food was fuel and then food became an experience and
now it is an experience worth sharing. Were not in the food business anymore,
were in the food-experience business
Read More
http://www.wsj.com/articles/yum-ceo-talks-fast-food-in-the-age-of-amazon-
1477407602