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CURRENT AFFAIRS – 26th July’09 – 31st July’09

1. Ad agencies tie up with online cos to
cash in on digital media growth
The growth potential of digital advertising is prompting traditional ad agencies to join hands with
online companies.

In Cannes, Microsoft announced partnerships with two leading advertising companies —the WPP
Group and Publicis Groupe. Rishi Srivastava, consumer and online marketing officer, Microsoft
India, did not comment on the nature of the deals but said Microsoft was already working closely
with all major agencies in India and such deals were the need of the hour.

“Online advertising is increasing rapidly and the deals are aimed at offering better solutions to
large brands,” he reasons.

Figures speak for themselves. While the traditional media will not grow over 13 per cent year-on-
year this year, analysts believe digital media will grow over 80 per cent Y-o-Y as the base is quite
small in India. Internet advertising is a Rs 250-300 crore market and, according to a Ficci-PwC
study, is expected to touch Rs 1,100 crore by 2011.

Tapping this growth requires deeper relationships between stakeholders. Some data are with
agencies, some with publishers. To convince clients to put money into a new medium, the
stakeholders will have to work together. Agencies are tying up with publishers for consumer
research, data sharing, training and leveraging of technology platform.

Parminder Singh, business head, technology, at Google India, adds: “Now agencies are willing to
do joint pitches (for accounts). One reason is also that digital is a very dynamic medium.
Agencies have to collaborate with publishers for technical know-how to keep pace with the
medium. Also, the social media frenzy has opened up new avenues. Offline agencies need
publishers’ expertise to explore such avenues.” Google works closely with all big agencies in

Independent digital advertising agencies don’t feel any threat, though. Mahesh Murthy, founder
and CEO of Pinstorm, believes traditional ad agencies are yet to understand how to work in the
digital medium. Their structure, which separates creative and media buying, is not suited for the
integration that digital needs.

Moreover, their business models, based on flat fees or commissions, are also unsuited to the
performance-driven digital advertising industry. For this reason, he feels this space will probably
be led by independent digital agencies. Conventional agencies also realise that independent
digital ad agencies are tough rivals, according to industry observers.

The digital media industry will grow over 80% Y-o-Y as the base is quite small

Microsoft is working closely with all major ad agencies in India for deals aimed at increasing the
use of online advertising

2. Use of Facebook cuts productivity: Study
Facebook lovers, here is another survey showing how employee productivity is robbed at
workplaces. So, put a limit on its usage before employers and the bosses put a stop to its usage at

While it won’t make employers popular, restricting Facebook can reclaim lost productivity. A
new study by Boston IT advisory firm, Nucleus Research finds that, company that allow users to
access Facebook in the workplace lose an average 1.5 per cent in total worker productivity.

Nearly half of employees in the recent ‘social net-working’ study use Facebook during work
hours some as much as two hours per day. The average worker uses it for 15 minutes aday, and
most couldnt come up with a legitimate “business reason” for logging on. The survey of 237
employees also showed that 77 per cent of workers who have a Facebook account use it during
work hours.

And “some” employees use the social networking site as much as two hours a day at work, the
study found. Nucleus Research did not say how many workers fit into that category, but did note
that one in 33 workers surveyed only used Facebook at work.

Of those using Facebook at work, 87 per cent said they had no clear business reason for using the
site. “If your company is facing tight margins and low profitability, as many are now, then how
can you accept any work distractions that drain your overall productivity?” asked Rebecca
Wettemann, vice president of research for Nucleus Research, in a statement.

The study also noted that 87.25 million US users visited Facebook from home and work during
June, and each of those people spent an average of 4 hours, 39 minutes and 33 seconds on the site
during the month.

Nearly half of the employees in a recent ‘social networking’ survey were found using Facebook
during work BLOOMBERG

3. Godrej Consumer in takeover talks with
Sara Lee

Godrej Consumer Products is in discussions with Sara Lee Corp to acquire 100 per cent stake in
Godrej Sara Lee, a joint venture (JV) between Godrej group and the US-based firm, a top
company official has said.

Godrej Sara Lee, which manufactures insect repellents, is a 49:51 joint venture company between
two whollyowned subsidiaries of Godrej &Boyce and Sara Lee Corp.

The Board of Godrej Consumer Products (GCPL) yesterday approved the proposed acquisition of
this 49 per cent stake from Godrej ConsumerBiz and Godrej Hygiene Care, the two subsidiaries
of Godrej & Boyce.

GCPL is also in talks with Sara Lee Corp to acquire its majority 51 per cent stake in the JV. “Our
Board has approved purchasing the group’s 49 per cent stake (from the Godrej &Boyce
subsidiaries) in the joint venture. This process should be over within two months after getting
court approvals,” GCPL Executive Director and President, Hoshedar KPress, told PTI here. “We
are in discussions with Sara Lee to acquire their 51 per cent stake as well. This is a part of their
global divestment plan,” Press said. The purchase of Sara Lee’s stake in the JV will be at around
the same price at which GCPL intends to buy 49 per cent from its group companies.

“The ballpark figure is around Rs 850-900-crore,” Press said. The proposed acquisition of 49 per
cent will be through the merger of Godrej ConsumerBiz and Godrej Hygiene Care into GCPL.

After the merger is approved, holdings (assets and liabilities) of the two subsidiaries would be
transferred to GCPL, Godrej Group Chairman, Adi Godrej, told shareholders at the company’s
AGM. .

4. India to host Doha meet in Sept

Happy with Commerce Minister Anand Sharma’s efforts to revive the stalled Doha multilateral
trade talks, World Trade Organisation (WTO) Director General Pascal Lamy has confirmed his
participation at the trade ministers’ meeting being hosted by India in September.

“Yes, Lamy has confirmed his participation at the ministerial meeting in the first week of
September,” a commerce ministry official said.

The WTO chief is expected to play a referee’s role in his attempt to bridge the divide between the
developing and developed countries on market opening that each side is willing to offer for
reaching adeal.

“The WTO Director-General has expressed his satisfaction on the initiative of the commerce and
industry minister to organise the ministerial meeting,” the official said.

Trade ministers from around 30 key countries, including from the G-20 (a grouping of developing
nations), are likely to be present at the meeting. It is also likely to have representation from the
developed world such as the US and the European Union.

India, Brazil, South Africa and China are the members of the G-20 representing interest of the
developing countries.

5. For Mozilla and Google, group hugs get
MIGUEL HELFT California, 26 July
Boxes lined the cubicles and hallways in the offices of Mozilla on a recent afternoon, and its
chief executive, John Lilly, seemed a bit disoriented as he looked for a place to sit. Mozilla,
which makes the Firefox Web browser, had just moved from one end of this city to the other,
mainly to gain more space for its growing work force.
Yet it was hard not to read symbolism into the move. Mozilla’s old offices were next door to
Google’s sprawling headquarters. For several years, Google has been Mozilla’s biggest ally and
patron. But in September, it also became Mozilla’s competitor when it unveiled its own Web
browser, Chrome.
So it seemed only natural for Mozilla to move out from under Google’s shadow.
“We’ve learned how to compete with Microsoft and Apple,” says Lilly, a softspoken, earnest 38-
year-old. “Google is a giant, of course, and competing with them means we are competing with
another giant, which is a little tiring.” Those big companies weren’t giving much thought to
browsers when Firefox was released in 2004, and neither were most ordinary Web users. A
browser was just a window onto the Web, and people used whatever was already installed on a
computer. Usually that meant Microsoft’s Internet Explorer.
Since then, Firefox has captured nearly a quarter of the browser market by focusing on speed,
security and innovation. Its success is all the more remarkable because it was built and marketed
by a far-flung community of programmers, testers and fans — mostly volunteers — coordinated
by a nonprofit foundation. It is a shining example of the potential of open-source software, which
anyone can modify and improve, and its ascent is one of Silicon Valley’s most unusual success

6. Seven new stealth frigates to be built in
India’s largest warship builders — Mazagon Dock Ltd (MDL), Mumbai; and Garden Reach
Shipbuilders & Engineers (GRSE), Kolkata — have prevailed over the Indian Navy’s objections.
Business Standard has learned that MDL and GRSE will divide between them the entire order for
seven improved stealth frigates, code-named Project 17A.
The navy was insisting that the first two frigates of Project 17A be built abroad, so that MDL and
GRSE could learn how to build ships using new modular methods that are preferred by European
shipyards. This would have raised the price of Project 17A by more than Rs 5,000 crore.
MDL and GRSE countered that they possessed the technology and the experience for building
cutting-edge warships entirely in India.
Each Shivalik class frigate of Project 17 was priced at Rs 2,600 crore, and the navy plans to insist
on the same price for Project 17A. Building abroad would cost at least twice as much as building
at MDL and GRSE.
But the navy was focusing on early delivery, rather than cost. Chief of Naval Staff, Admiral
Sureesh Mehta, insisted on presenting before the Defence Acquisition Council (DAC), the
highest decisionmaking body in the Ministry of Defence (MoD), the advantages of kicking off
Project 17A in a foreign shipyard. But Defence Minister AK Antony stepped in to order entirely
indigenous production.
At GRSE, a modernisation programme is underway to create the facilities needed for building
Project 17A. The Chairman and Managing Director (CMD), Rear Admiral KC Sekhar, said a
fully equipped modular yard with a 250-ton Goliath crane will be ready in mid-2011. By then,
MoD sanctions will be in place and the navy would have completed the design of Project 17B.
Each Shivalik class frigate of Project 17 was priced at Rs 2,600 crore, and the navy plans to insist
on the same price for Project 17A
INDIA on Sunday achieved a historic naval milestone with the induction of its first indigenous
nuclear-powered submarine, ‘INS Arihant’.
Prime Minister Manmohan Singh declared on the occasion that the country had no aggressive
designs but had to take all measures to safeguard itself.

7. Brand A-I: One too many
The cashless Maharajah must be hoping for a miracle to shed his excess baggage. Air India’s
mascot since 1946, the Maharajah keeps on smiling at us from the hoardings all over the country,
but the smile lacks cheer these days. For, India’s national airline is bankrupt.

Nacil (National Aviation Co of India Ltd that operates Air India) is expected to register a loss of
around Rs 5,000 crore in 2008-09, largely due to high operating expenses. Not that the airline was
making money earlier, but many in the aviation industry attribute the current crisis to the
government’s decision in 2007 to merge Indian Airlines (IA) with AI into one company. While
the idea was good as it could have achieved economies of scale, the shoddy implementation has
delivered a few hard knocks to brand Air India.

This has opened up the pandora’s box for the government. which between them had filed about 343 applications. "How can a brand support itself on emotional bonding with the older generation alone?" says Mahesh Chauhan. brand expert and managing director of Future Brands says “brands dont die that easily. they can be revived. Chauhan also says the main problem has been the airline’s deteriorating product quality and the growing competitive landscape. Santosh Desai. placed inside it. But there are quite a few who are in no hurry to write the brand’s obituary. as several of the 24 companies. These 24 companies. It stays in the memory. But experts say the decision is as illogical as the earlier initiative in 2005 to tweak the logo and the name of the airline. 8. Group CEO. the management removed the hyphen between Air and India and decided that the Centaur logo will be readjusted to point upwards to show the “progressive growth” the airline had made. The primary reason behind DoT’s move to approach the telecom regulator is that the Delhi High Court. The Greeks represented this constellation in the act of shooting an arrow and it symbolised movement and speed. had quashed the communications ministry’s notification announcing September 25. are planning to drag the communications ministry to the court. But advertising and branding gurus are yet to figure out the reason for dumping the earlier logo – the Centaur. the archer. whereas the `Konark Chakra is reminiscent of IA’s logo. So it would be incorrect to say that the IA and AI brands are dead. What has also worked against the brand is its failure to connect with the youth. That time.Y&R. AI executives say the flying swan has been morphed from the Centaur.Look at the way the management has made a mess of the brand." Srinivasan Swamy. a stylish version of star constellation Sagittarius — which had become a part of the airline’s identity since 1948. the department of telecom (DoT) now wants sector regulator Trai to cap the number of telecom players who are allowed to offer mobile services in the country. DoT wants Trai to limit number of telcos CONFRONTED with the pending applications of 24 companies for telecom licences. Sagittarius. in a landmark judgement earlier this month. Conceptually. DoT in a communication to Trai (dated July 22) has asked the regulator to reconsider its earlier recommendations where it had said that there should not be a cap on the number of telcos that are allowed to offer telecom services in a circle. is the ninth sign of the Zodiac. chairman of RK Swamy BBDO. as the cut-off date for granting telecom licences. were denied licences on the basis of this cut-off date. The logo of the new airline is now a redcoloured flying swan with the `Konark Chakra in orange. goes a step forward to say that “the brand is making continuous improvements in all areas of operation”. Rediffusion . The story dates back to January 2008. 2007. when communications minister A Raja had arbitrarily . Brand is like a life. which were denied licences on account of this cut-off date.

Chennai-based STel had then approached the Delhi HC after the company was granted licences for only six circles. photos and digital music. are now set to take each other on in the $300-million Indian graphics card market. both the companies are reworking their India strategies to grow their businesses in the computing segment. 2007. 9. This was despite Mr Raja and DoT announcing earlier that the cut-off date for filing applications was October 1. as these had come in after the cut-off date. announced that the first-come. But in January 2008. MGM and Paramount have announced that they will tap the Indian market through locallyproduced animation and graphics content. The U-turn ensured that big names such as AT&T. Unitech. hoping in the process. but before October 1. will only be applicable to companies that applied before September 25. The move has been triggered by the emergence of high-end games involving real-time 3D rendering (such as first person shooting or racing games). Disney. DLF. It is also developing a new micro-architecture on its existing platform. codenamed ‘Larrabee’.900 crore from the current Rs 1. as the cut-off date. The reason cited was that the company had applied for licences in the remaining 16 circles after September 25. To begin with. It is in the standalone space that Intel looks to grow. Loop. it plans to roll out next generation graphic products and solutions. 2007 — were denied licences. DoT has now told Trai that there were 343 pending applications for telecom licences while adding that there were already 12-14 operators offering mobile services in every circle. STel had then demanded that DoT offer an explanation for unilaterally setting on September 25 as the cut-off date. 2007. Several of these companies alleged that DoT changed the cut-off date. high-definition videos. Ispat and Moser Baer — all of which applied after September 25. first-served basis for allocating telecom licences. A total of 46 companies had submitted applications for licences before the October 1 deadline. 2007. DoT said applications prior to September 25. Integrated graphic chipsets are best suited for basic applications like multimedia. traditional rivals in the global chipset space. DoT has provided no explanation for changing the cut-off date. Intel. AMD slug it out for top slot in graphic card market INTEL and Advanced Micro Devices (AMD). So far. Datacom and Shyam get licences. which come bundled with 2G spectrum. Global and domestic entertainment companies like DQ Entertainment. but before October 1.740 crore by 2013. “The new products will open up a world of . so that only a select Indian companies such as Swan. would be considered. in India next year. to replicate its market leadership in the integrated segment. DoT had not processed STel’s applications for the remaining circles. Yashraj Films. Such heavy-duty content development requires standalone or discrete graphic cards against integrated graphics chipset (essentially graphic capabilities within the computer motherboard). 2007. 2007. Sterlite. The Delhi HC in its judgement then set aside DoT notification stating September 25. A Ficci-KPMG study claims the Indian animation industry alone will grow to Rs 3. With the country turning out to be a hub for graphic industries like animation and design.

she said: “Now it is closer to my guru’s voice. opportunity for both mainstream programming and graphic applications. this correspondent discovered the commonalities while cycling around three parallel roads in Patna during Durga Puja nights. and is working on a strategy to develop a product which will marry high-end computing and graphics in a single chip. This product is currently under development in AMD’s R&D facilities in Bangalore and Hyderabad. He said Dell admired companies such as Indian computerservices firms who have branched out into managing customers’ networks. also responsible for Dell’s operations in Europe. the world’s second-biggest maker of personal computers after Hewlett-Packard. rather than selling them long consultancy and software contracts. The battle among industry giants is heating up with rivals such as HP and Cisco making large acquisitions or expanding into new business areas. after saturating much of the market for managing older business applications software. said it was taking a different route from rivals HP and IBM by helping firms strip out costs. “There’s no question that we are interested in acquisitions to bring scale to our services business and to bring more credibility to us as a services company. Dell to model on Indian IT DELL. Not out of providence. wants to buy lean IT companies of the Indian school of outsourcing to improve its scale and credibility in services. 10. When a throat operation changed her voice. and Schuckenbrock said Dell could use some help in establishing a reputation for services. which has $10 billion in cash and short- term investments. Her vocal renditions eventually coalesced into a voluptuous. Gangubai Hangal’s concert of life ends MUSIC and Makhania Kuan in Patna. What do they have in common? As a stumbling kid.” Intel South Asia director (sales) R Ravichandran told ET. Makhania Kuan was one of them (Govind Mitra Road and Khajanchi Road being the others) where Gangubai Hangal stole the night away from the other stalwarts — Pandit Ravi Shankar and N Rajam — performing across. The company. Dell makes almost 60% of its revenues from selling personal computers and has established a support business for corporate PC users. she willed it to be so. fullthroated love song. has said it wants to grow through acquisitions as well as organically. But Schuckenbrock said Dell was unlikely to buy large companies. reiterated that the company saw a little confidence returning to the US market. It now wants to expand its services business further into managing companies’ computer networks.” Her guru was none other than Sawai Gandharva or ‘Second Celestial’ who . AMD plans to significantly grow its market share in the professional segment. Steve Schuckenbrock.” he said. What more would a young boy on the threshold of teens ask for than a full physical release of tonality where the gender differentiator in a voice collapses. president of Dell’s large enterprise operations. 11. Schuckenbrock. Gangubai’s voice was magically masculine. the Middle East and Africa. but as great masters wish it.

Tata look to bring Ferrari. wah” and performed with a group that was two generations younger. they say Bernanke has earned another four-year term when his current one expires in January. — Bloomberg 13. an investment manager with Euro Asset Management in Hong Kong. She had been singing publicly since the late 1920s after her first concert in Kolkata where Kundanlal Saigal burst out with “Wah. 12. received 42%. The vote of confidence strengthens Bernanke’s hand as he faces congressional criticism that the Fed overstepped its authority by helping to rescue failing financial institutions in the midst of the crisis. praised the policy maker.” said Jack Liebau. It is based on interviews from July 14 to July 17 with a random sample of 1. news reports said on Thursday. Maserati here ITALIAN auto giant Fiat and Tata Motors are in talks for a joint marketing project to sell Ferraris and Maseratis in India. His practice inspired and left behind younger masters such as Mallikarjun Mansur.bridged the divide between North and South. told Italian daily La Stampa the two were studying further . However. Hangal was. By almost a three-to-one margin. who represent leading decision makers in markets. who participated in the poll. of course. finance and economics. Basavaraj Rajguru. the last representative of a generation that valued tradition and simplicity over show. who is also a Fiat director. “If he weren’t renominated.076 subscribers. Fiat. it could have potentially very serious and severe repercussions on the stock market and the economy. while Bank of England Governor Mervyn King garnered 50% approval and China’s central-bank governor. a poll participant and president of Pasadena. maybe around the world. Fed chief voted best credit crisis manager GLOBAL investors give federal reserve chairman Ben S Bernanke top marks for combating the worst financial crisis since the Great Depression and overwhelmingly favor his reappointment amid optimism that the world economy is on the mend.” Feldstein said. perhaps. Martin Feldstein. Kumar Gandharva. bai. Sixty-one percent of investors surveyed in the first Quarterly Bloomberg Global Poll say the world economy is stable or improving and almost 75% take a favorable view of the 55-year-old chairman. Mr Tata. Bernanke has “done a very good job and I think he should be reappointed. President Barack Obama has praised Bernanke’s performance atop the central bank without saying whether he wants him to stay. The Poll is a survey of investors on six continents. Bhimsen Joshi and. The poll showed Trichet received a favorable rating of 54%. “He’s the best.” said Wallace Lin. Sawai Gandharwa was instrumental in converting a quaint place like Dharwad in North Karnataka to an abode of Hindustani music. including European Central Bank President Jean-Claude Trichet. Investors ranked Bernanke higher than his counterparts at other major central banks. California-based Liebau Asset Management Co. a professor of economics at Harvard University. Zhou Xiaochuan.

“We are talking about a lot of things. in Latin America. the Rs 1-lakh car. will continue as managing director. The Nano. “We have various projects. head of research at Angel Broking. allowing it to be sold in the Europe market and a launch is foreseen at the end of 2011. where Fiat has a strong presence. Fiat and Tata are considering marketing the Tata Nano. or about eight times its projected sales of Rs 440 crore for this fiscal. KI Varaprasad Reddy. and Tata has plans to export it to Europe. to take the Nano to Latin America together. who owns a 13. It employs over 700 people and markets a range of vaccines .” said Sarabhjit Kaur Nangra. The Nano passed the European “crash test” safety standard on Friday. we have projects for (Fiat lorry unit) Iveco and marketing Ferraris and Maseratis.cooperation to add to existing projects such as a partnership to produce engines in India. having acquired the British brands Jaguar and Land Rover for $2. Fiat and Tata build cars. At the other end of the scale. Pune-based Serum Institute of India and Delhi-based Panacea Biotech are the country’s top two vaccine makers.3 billion from the US automaker Ford last year. Mr Tata said. South America and Southeast Asia. “I see a lot of partnerships and stake sales taking place in the coming years. to share platforms for new cars. hit the streets this month in India. Merieux Alliance bought a 60% stake in Shantha Biotech in 2006 and subsequently increased it to about 80%. Shantha Biotech shot to fame in 1997 after it became the first Indian firm to develop and market a recombinant Hepatitis B vaccine.740 crore. estimated at nearly $1 billion. 14. Sanofi-Aventis buys Shantha in high- value deal FRANCE’S biggest drugmaker Sanofi-Avenits on Monday agreed to buy Shantha Biotechnics in a deal whose generous valuation is seen tempting other Indian vaccine makers to consider a sell- out if similar offers come their way.” in India Mr Tata said. the world’s cheapest car. The deal between Sanofi and its French owners Meriuex Alliance values the unlisted Indian company at Rs 3. Brazil is Fiat’s second- biggest market after Italy.4% stake and is the founder of the Hyderabad-based company. Tata Motors is also present in the luxury car business. It helps foreign firms benefit from India’s cost advantage and domestic players can tap the export potential through such deals. and Tata Motors is Fiat’s distributor in India.” Both Ferrari and Maserati brands are under Fiat’s control. engines and gearboxes together in India. Exports account for nearly twothirds of country’s vaccine market. The deal involves Sanofi’s vaccine arm Sanofi Pasteur acquiring ShanH — which owns nearly 79% stake in Shantha Biotech — from Merieux Alliance.

in India and global markets. It also provides contract research and manufacturing services and has a wholly-owned subsidiary in the US. Chhapra. Gail lines up Rs 7. the company is in a comfortable position to borrow substantially. equity ratio is 0. spurlines and feeder lines will be laid for a length of 450 kms to Kolkata. 16. The company’s current net worth is around Rs 14. Ranchi. First 1. China set to respond in kind to India milk ban CHINA. the country’s largest gas transportation company. Beijing had locked horns with India over a partial ban on Chinese toy imports— later extended to other countries. the gas pipeline infrastructure will connect SAIL’s plants at Durgapur and Bokaro and the petrochemical plant at Barauni with Gail’s network. In the next phase. along with spurlines to various consumers like Hindustan Fertiliser Corp at Durgapur and Barauni. Hence. China’s quality supervision and inspection department had conveyed that it had encountered food safety . In the last phase. India’s biggest trading partner. Gail director (finance) RK Goel said funding the project will be done through internal accruals and debt. has threatened to impose restrictions on imports of food products such as seafood and sesame oil from the country if New Delhi doesn’t scrap its ban on Chinese milk and milk products. will invest Rs 7.100 kms of gas pipelines and plans to double its network by March 2012 with an investment of around Rs 28. 15. Mr Scindia said in response to the extension of the ban on milk and milk products including chocolate and chocolate products from China till December 24. Varanasi and Allahabad and Sagardighi. The two spur lines will link Barauni and Chhapra in Bihar with Gail’s pipeline network. he said. Giving details of the Jagdishpur-Haldia project. he said. chairman & managing director of Gail UD Choubey said. China had replaced the US as New Delhi’s biggest trading partner in 2008-09. Siwan.000 crore. Fertiliser Corp of India at Sindri and Barauni. It currently operates 7. Jamshedpur. The two sides have also been at loggerheads over import checks in the form of antidumping duties and safeguard duties (levies to stop import surges of identified products) slapped on Chinese goods in the past year. minister of state for commerce and industry Jyotiraditya Scindia told the Lok Sabha on Monday. Only recently. power plant at Barh and Bettiah and in Patna.600 cr to set up India’s longest gas pipeline GAIL India. Mr Choubey said it would be executed in phases.12:1. Gopalganj and Bettiah.410 kms of pipeline will be laid from Haldia to Phulpur. Gail’s current debt.000 crore. 2009.600 crore in building India’s longest gas pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal. The Indian embassy in Beijing is in touch with the Chinese government on the issue.

exports are estimated to account for around Rs 1. For this purpose. the WHO NRA assessment team issued some specific recommendations that need to be implemented to consolidate the Indian NRA efforts to reach the highest level of performance. The Indian vaccine industry is valued at around Rs 2. all new vaccines made by Indian manufacturers were barred from receiving the global agency’s approval. India has imposed anti-dumping duties on Chinese products like yarns. Out of this. WHO has proposed a parallel review project with biologics and genetic therapies directorate of Health Canada to develop further the capacity of the Indian regulatory authority. WHO procures around 60% of the global supply of diphtheria.” the official said. It is also looking at imposing safeguard duties on Chinese goods. a joint audit of the manufacturing facility is conducted by WHO and Indian regulatory officials before the vaccine receives final approval. with demand drying up in the slowdownhit Western markets. 17. pertussis. . safety and efficacy of vaccines used in international immunisation programmes. officials in the health ministry say the recommended move from WHO will strengthen the Indian regulatory system and bring it in line with international standards. to be carried out by the Canadian national regulatory authority.” a letter from WHO to DCGI said. India-China trade rose sharply to $51 billion in 2008-09 from $38 billion in the previous fiscal. tetanus (DPT) and BCG (bacille calmette-guérin) vaccines from India. in addition to the marketing approvals given by the Indian drug regulator.000 crore. “A double check of India-made vaccines by Health Canada will consolidate our efforts to ensure highest level of quality.problems in imported food products like seafood and sesame oil from India. It also procures almost 90% of measles vaccines from the country.600 crore. fabrics. “Although major progress has been made. WHO had disqualified the Indian drug regulatory authority Drug Controller General of India (DCGI) in 2007 after the regulatory system was found not up to the mark during a WHO audit. Domestic vaccine manufacturers are required to obtain approval from the DCGI before submitting a pre-qualification application of their vaccines to the WHO. According to commerce department officials. colour picture tubes and some chemicals.” a health ministry official said. it would also act on its concerns about the quality of imported food products from India. “WHO has recommended a parallel review of vaccine submissions for marketing authorisation. WHO moots parallel checks on Indian vaccines by Canada health watchdog THE World Health Organisation (WHO) has proposed a parallel review of vaccines manufactured by Indian companies. China had identified India as an easy market for dumping its goods. Even though WHO lifted the embargo in April 2009. Following this. China warned that if India insisted on extending the ban on milk and milk products till the end of the year. Consequently. nylon tyre cord.

corrections. San Diego-based.5" form factor. The HotShot is lightweight (3. you put the keys in the door of your vehicle thinking nothing of the impending danger right behind you. A casual dinner has now turned into a nightmare. Effective Personal Protection for Use When Safety Is Threatened SAN DIEGO. has recently created a highly effective non- lethal pepper powder weapon for personal use called the HotShot. and should be a first choice when safety is threatened. 19. The streets are dimly lit and no one is in sight. This is a very real situation that can happen to anyone but there are steps that can be taken to divert such traumas. the new Spinpoint F3 is compliant with the (RoHS) restriction of hazardous substances directive. In addition. Ltd. The Spinpoint F3 utilizes advanced 500GB per platter technology. Increased areal density per platter provides up to a 30 percent higher performance than a three-platter 1 TB in the same 3. the Spinpoint F3. the new drives also deliver high-performance with lower power for desktop computers and servers. 18. a worldwide leader in digital consumer electronics and information technology. HotShot is also hotter. portable. private security and major agencies including the Federal Bureau of prisons.4-ounce). announced today its new line-up of high-density hard drives for high- end computing environments.. PTI has a long history of providing non-lethal weapons for military. therefore more effective. pocket or backpack providing an instant protection barrier from attackers. Samsung Launches New 500 Gigabyte per Platter Hard Drive Line-up for Servers and Desktop PCs Samsung Electronics Co. A person forcefully grabs you. HotShot is ideal for college students and women. As well as meeting data center requirements for addition storage to meet rising demand and increasing performance needs.. government.Visualize walking at night to your car after an evening dining out with co-workers.. the United States . It is unlike other pepper-based spray products that can take several minutes to properly administer and require accurate aiming. Slowly. so that two-platter 1TB capacity is achieved. A reduction in mechanical parts also contributes to enhanced reliability in terms of anti-shock and data failure. Samsung`s new hard drive utilizes its low noise operation technology SilentSeek and NoiseGuard to achieve a quiet operation system. takes all your belongings and rides off in your car. than pepper spray. PepperBall Technologies (PTI). visible cloud of powder irritate (up to 12 feet) which works immediately and overwhelmingly. and compact and can easily be concealed in a purse. July 28 /PRNewswire/ -. The HotShot is different from other products as it instantly bursts a large. The F3 operates at 7200RPM with offerings of up to 1 Terabyte (TB) data storage capacity by using two 500 Gigabyte (GB) per platter disks.

which they say gives Chinese companies an unfair price advantage by depressing the value of the yuan against the dollar. But so far.S. that has not translated into visible progress in the talks. Many U. . security services and bail enforcement agencies around the world since 1999. trade deficit with China hit a record $266 billion.S. export controls on high-technology would help erase the huge trade imbalance between the two countries. thousands of police and sheriff departments. plus five leading developing countries. lawmakers and manufacturers blame the trade gap on China's exchange rate policy. The United States. he said.S.S. China has long argued that easing U. private entities. while working to reduce a huge imbalance in bilateral trade.500 launchers sold since its inception. China vow cooperation on Doha. launched nearly eight years ago in the capital of Qatar.S. Chinese Vice Premier Wang Qishan echoed those comments. recently set a new goal to finish the Doha round by the end of 2010. U. Geithner said. Beijing also dislikes that it is still considered a "non-market" economy under U. only to fail in the end. bilateral trade WASHINGTON (Reuters) . With over 15 million projectiles and 16. A key feature of that was the need for both countries to avoid protectionism and to work for a successful outcome of the Doha round of world trade talks. countries came close to a deal in the talks. The G8 leading industrialized countries.. RECORD TRADE GAP Last year. PTI personal defense systems have been proven to be highly effective and safe with no reported serious injuries.Border Patrol. 20.The United States and China said on Tuesday they would push for a successful conclusion to long-running world trade talks. for its part. will work to boost savings and bring down its huge budget deficit. trade law. while China agreed to shift to an economy less dependent on exports for growth and more on domestic demand. the U. adding that both sides supported the "early conclusion of the Doha round on the basis of locking up the existing achievements. Geithner said the two sides agreed to take steps to bring trade more into balance but did not mention currency concerns." Almost exactly one year ago in Geneva.

6 percent in the second quarter of 2009 from the same quarter last year and the company expects rates to remain higher than they were in 2008 despite the challenges of low demand and high distillate stocks. A faltering global economy has cut deeply into demand for gasoline and diesel fuel just as new refineries commissioned during the time of tight supply come on stream. Pictures International Surpasses $1 Billion in Box Office for the Ninth Consecutive Year Warner Bros. 22. Warner Bros. the company's global head of refining.BP (BP. BP said its 475. The announcement was made today by Veronika Kwan-Rubinek. Conn said market volumes for all refined products were down about 5 percent in both the second quarter and the first half of the year primarily due to falling business-to-business sales. Texas is making its full economic contribution for the first time since early 2005.L) said global refinery utilization rose to 93. Warner Bros. Pictures International. adding to the overhang of oil products.S.246 million barrels per day seen in the first quarter. "We are seeing a little more demand for gasoline coming back. Pictures International has surpassed the $1 billion threshold in international box office revenue for the ninth consecutive year. But the company sees an uptick of volumes in business-to-consumer sales in the second quarter. refineries.000 barrel per day refinery in Texas City. BP is engaged in an expansion project at Whiting which allow it to process more Canadian heavy crude oil and increase motor fuel production by adding new sulfur recovery units and associated components as well as modifying existing parts of the plant." said Ian Conn. Distribution. 21. The rise in utilization was helped by two of its large U. During the conference call. BP said that demand for refined products was down in the first half from the same period in 2008.269 million barrels per day compared with the 2. President. But it said it was encouraged by a slight uptick in demand in the second quarter from the first quarter. and that is playing through into stock levels. BP sees 2009 refinery rates higher than 2008 NEW YORK (Reuters) . . BP reported that global refining volumes for the second quarter were 2.

Internet searches.72 seconds to take almost two seconds off their mark of 3:33. The cumulative total through the second weekend is $405. led by individual 100m and 50m freestyle world champion Libby Trickett. according to . industry-wide with $236 million. Inge Dekker. They had to come from behind after Britta Steffen broke her own mark to set a new individual 100m world record of 52.3 million. Yahoo agree on ad partnership: source SEATTLE (Reuters) . Magdalena Veldhuis.Olympic champions the Netherlands smashed their own world record to take gold in the women's 100 meters freestyle relay at the world championships Sunday. took bronze. Warner Bros Pictures International has been the market leader in five of the last eight years. that will be announced within 24 hours. 24. The Dutch quartet of Frederike Heemskerk. Australia. Google's search engine dominates the marketplace with 65 percent of U. whose brother was killed in a car crash this weekend. Australian team member Meagen Nay. in 2004 and 2007. Netherlands smash record to win relay gold ROME (Reuters) .Warner Bros. and in the first eight days of release. Microsoft. the latter of which. Microsoft tried to buy Yahoo last year but its $47. continues to hold the record for the highest ever international gross for a single studio. Ranomi Kromowidjojo triumphed in a time of three minutes 31. Germany came in just 0.5 billion bid was rebuffed and Yahoo's attempt to seal a search advertising deal with Google Inc fell apart under regulatory scrutiny. at $2.24 billion.S.22 and give Germany the lead in the first leg. Pictures International pushed past the $1 billion mark with the launch of Harry Potter and the Half-Blood Prince last week. became one of the fastest films to surpass the $300 million mark. 23. The latest franchise entry now holds the record for the highest-grossing international opening.Microsoft Corp and Yahoo Inc have agreed to an online search and advertising partnership. in an attempt to rival Google Inc. The Division has surpassed $1 billion in grosses a total of twelve years.62 from last year. a source familiar with the situation said on Thursday. The deal should give Bing a giant boost in competing with Google's search engine.11 of a second behind in an exciting finish to claim silver. and was the first to hit the $2 billion mark twice. did not take part in the final after racing in the qualifying heat earlier Sunday.

S. Matching costs of servicing to public policy is growing increasingly difficult. Connecticut-based Carrington Capital Management. which to servicers will the boost costs of extending payments to investors as contractually promised. chief executive officer and general partner of Greenwich. 25. while shares of Microsoft rose to $23. foreclosures NEW YORK (Reuters) .000 for every loan modified. Rose said. Their concerns about financing payments for defaulted homeowners comes as pressure mounts from Congress. Carrington Mortgage Services of Santa Ana.S.22. officials that a key program to slow foreclosures may push some financing costs higher and derail their efforts. Implementing the program means giving delinquent homeowners more time fix their loans. including hiring staff and expanding training programs. which owns CMS. Google and Yahoo dropped plans for an advertising partnership last year under opposition from the U. The government will pay servicers $1.Companies that service risky residential mortgages are warning U. The U. That could trigger federal regulation limiting the ability of companies like Yahoo to collect data from users' searches and share it with partners. The costs of borrowing to finance delinquent payments to bond investors far outweigh expected revenue from incentives paid by the government. Subprime mortgage companies warn on U. said Gillis. regulators and state legislators for servicers to do more for the plan. which don't include large banks such as Wells Fargo & Co.figures provided by research firm ComScore. But manpower isn't the main worry for the independent servicers. Shares of Yahoo traded at $17. The group collects and distributes payments on more than $700 billion in loans.4 percent of the market and Yahoo 19.000 a year for three years if the borrower stays current. Treasury wants the companies to spend more on its resources. Microsoft had only 8. which aims to slow foreclosures and modify loans. Companies forming the Independent Mortgage Servicers Coalition. according to its leader.S. said Bruce Rose.6 percent. which would remove a key advantage of the partnership. Department of Justice.39 in after-hours trading after closing at $17. Rose said. California. The group since September has approached the Treasury. the Federal Reserve and Congress for help in funding the temporary "advances" that are fully reimbursed when a loan is modified or foreclosed. Help offered through the Fed's Term Asset-Backed Securities Loan . making them key players in programs to rein in foreclosures.51 in after-hours trading from their close of $23. Last month.47. There is a chance a deal combining the powers of the second and third-ranked search engine companies would be blocked by antitrust regulators. LLC. service many of the riskiest mortgages made during the housing boom.S. and another $1. said a leading subprime firm. Rose attended the meeting with Treasury.

while Providence.C. Atlanta fell to No.1 billion and some one-time moves while excluding tax increases. Rhode Island moved up 18 spots to No.New York has been rated the best U. he said.) which allows for the pooling of advances for sale to investors. online dating. The Big Apple also edged past Boston. the blessing required for inclusion in a TALF deal. For Carrington.Facility (TALF. . 6. job growth. D. city for singles NEW YORK (Reuters Life!) . is the biggest gainer.. moving up 24 spots from 38 to 14. " Whereas New Yorkers may once have been preoccupied with earning high salaries. Rose said.California Governor Arnold Schwarzenegger signed a package of bills on Tuesday to balance the state's budget. 1 position because it has more people with active online dating accounts than any other city in the country. Ohio. New York ranked top U. Compared with past years. which analysts have said the state government likely will need should its revenue slump persist. which should allow the state to stop issuing IOUs instead of paying bills and to prepare for a crucial sale of short-term debt.S. culture. urban areas for coolness. Schwarzenegger signs long-awaited California budget SAN FRANCISCO (Reuters) . nightlife and ratio of singles to the entire population in the area. Standard & Poor's this month delivered a blow to Carrington and other potential issuers of TALF-eligible bonds backed by servicing advances. 26. It also maintains a $500 million reserve. which rounded out the top five cities in the Forbes. and is increasing financing costs. 15 27. has backfired.S. Los Angeles. It was the first time New York had won the title in the annual poll that assessed 40 of the largest U. But it was online dating that pushed it to the No. that would mean just 64 cents of every dollar in assets would garner a AAA rating.S. followed by San Francisco. city for singles. Milwaukee and Philadelphia. by sharply discounting the value of the assets that would go into the deals. survey. Seattle and Washington. they appear now to be putting a greater emphasis on finding love. Chicago. bumping Atlanta out of the top spot. Schwarzenegger said in a statement his signed budget would plug the deficit largely with spending cuts of $16. cost of living alone.

" said Michael Weinstein. President of AIDS Healthcare Foundation.000 dollars in lifetime health care costs. counseling & testing." said Whitney Engeran-Cordova. including: Local governments. 28. a 70% cut in HIV Counseling and Testing. also under financial strain. slashing the state's revenues. Schwarzenegger detailed a long list of spending cuts and other efforts bringing the state's budget into balance. prevention. A 100% cut to the Therapeutic Monitoring Program is the definition of penny-wise and pound-foolish-with the ability to monitor the effectiveness of lifesaving AIDS drugs hampered. "The Governor`s heartless act is not only deadly. a 50% cut for Early Intervention (that provides primary medical care).That emergency measure allowed the state to preserve cash for priority payments. Two credit ratings agencies this month cut their ratings on California's general obligation debt to near "junk" status amid growing concerns over the state's finances and cash holdings. endanger the public`s health. and constitutes negligence. housing and treatment services. With HIV testing programs sidelined and the state`s ability to prevent new infections stymied. He also warned further pain may be in store because California's economy is in such bad shape. the state`s already cash-strapped AIDS Drug Assistance Program will only end up spending more for drugs. new infections in California will increase-each new infection can mean up to $600. Governor "Terminator" Kills AIDS Program AIDS Healthcare Foundation (AHF). the lives of some of the state`s most vulnerable citizens. Director of AHF`s Public Health Division. Today`s cuts to HIV/AIDS programs include: an 80% reduction in funding for Education & Prevention. but guaranteed to cost California taxpayers millions more in the future. Schwarzenegger acknowledged many who rely on state aid both directly and indirectly would suffer under the spending plan he signed. have vowed to challenge in court the state's plan to seize their funds. "With a single stroke of his blue pencil. "The state`s ability to identify people living with HIV is now severely crippled-creating an enormous obstacle to the . including debt servicing payments to investors holding its cash. the US` largest AIDS organization as well as the operator of California`s largest alternative HIV testing program. at least temporarily. a 20% cut in Housing and more than a 50% cut in funding for Home and Community-Based Care. Governor Schwarzenegger has terminated the state`s AIDS programs and. along with it. today condemned Governor Schwarzenegger`s gutting of California`s lifesaving HIV/AIDS programs as he approves a budget plan that includes millions of dollars worth of cuts to the state`s HIV/AIDS education." "Governor Schwarzenegger`s unilateral decision to essentially dismantle the state`s lifesaving HIV/AIDS programs will cost lives. a 100% cut in Therapeutic Monitoring Program (the program that monitors the effectiveness of HIV/AIDS drugs administered through the state`s AIDS Drug Assistance Program).

community. and decision makers. business and lifestyle events. territories worldwide.prevention of new infections and linking those who need it to treatment. Approximately 90 percent of BURGER KING restaurants are owned and operated by independent franchisees. strives to create business opportunities in the BURGER KING system for qualified suppliers owned by women and minorities because they are an important driver of the brand`s success." 29. A multimedia company. ABOUT BLACK ENTERPRISE BLACK ENTERPRISE (BE). Black Enterprise is the definitive source of information for and about African American business markets and leaders. Named One of "40 Best Companies for Diversity" by Black Enterprise Magazine Black Enterprise magazine has named Burger King Corp. entrepreneurs. careers. and digital media. ABOUT BURGER KING CORPORATION The BURGER KING system operates more than 11.3 million readers with information on entrepreneurship. BE has provided essential business information and advice to professionals. The company is dedicated to recruiting. operations. Not only will the Governor`s callous funding cuts devastate those living with HIV/AIDS who rely on the services the state provides to stay alive and healthy. retaining and developing its employees from diverse backgrounds. investing. Since 1970. corporate executives. has built its inclusion efforts around a four-pillar strategy led by the executive team that encompasses its workforce. Burger King Corp. Every month. and financial management. BE also produces radio and television programming. as well as creating a workplace where everyone can thrive both personally and professionally. Black Enterprise magazine provides 4. but today`s cuts also pose a serious threat to our shared responsibility to combat the spread of HIV in California. your ultimate source for wealth creation.800 restaurants in all 50 states and in 74 countries and U. and wealth-building resource for African Americans. guests and operators/suppliers. and the authority on black business news and trends. Web content. Burger King Corp. many . is the premier business.000 publicly-traded companies and 50 leading global companies with U. The "40 Best Companies for Diversity" list is included in the July 2009 edition of Black Enterprise and is a comprehensive analysis of the top 1. In addition.S.S. Burger King Corp. BKC was included in the prestigious listing for the second consecutive year for demonstrating strength in the diversity of its employee and supplier base. (NYSE:BKC) one of the "40 Best Companies for Diversity" in the publication`s 5th Annual Diversity Report.

" Citing Buddhist basics such as good intentions. “Other than the banking. and a company without "happy employees. government is a key sector for Genpact in India.The Dalai Lama may not be the first person who comes to mind for business advice but." AN "UNLIKELY PAIRING" The book. as the Buddhist monk wrote in his new book." emerged out of meetings between van den Muyzenberg. subtitled "The Art of Making the Right Decisions in Our Careers. He was awarded the 1989 Nobel Peace Prize. 31. Genpact. the Dalai Lama wrote that his understanding of communism came through meetings with the late Chinese leader Mao Tse-tung. the Dalai Lama and co-author Laurens van den Muyzenberg tackle timely issues such as corporate compensation. Through its BK Positive StepsSM corporate responsibility program. plans to bid for the union government’s Unique Identity (UID) project and is likely to enter a tie-up with IT players who can work on the hardware aspect. 30.of them family-owned operations that have been in business for decades. Genpact to bid for UID project India’s largest business process outsourcing (BPO) firm. We will be focused more on the process optimisation aspect than on the IT. and the Dalai Lama from 1991 to 2000. But since there is a small aspect of hardware involved in the government deals. he said. an international management consultant. capitalism can profit from Buddhism's principles and values.000 largest corporations and Ad Week named it one of the top three industry-changing advertisers within the last three decades. In "The Leader's Way. financial services and insurance (BFSI) segment. the BURGER KING system is committed to being a socially responsible brand in all areas of its business . Fortune magazine ranked Burger King Corp. His admiration of Mao ended. The Dalai Lama has lived in exile in India since fleeing a failed uprising against Chinese rule in 1959. In 2008. the spiritual leader of Tibet wrote that both business and Buddhism attach importance to happiness and making the right the environment and corporate governance. Dalai Lama says capitalism can learn from Buddhism NEW YORK (Reuters) . Inclined toward socialism. we think . and the World at Large. people. Our Companies. among America's 1. malfeasance and the collapse of the subprime mortgage market." published this month by Broadway Books. a calm mind free of negative thoughts and a realization that nothing is permanent. customers and shareholders will ultimately fail. when Mao compared religion to "a poison.

32. “In total. water and sea. India launches its first indigenous nuclear submarine India today achieved a historic naval milestone with the induction of its first indigenous nuclear- powered submarine ‘INS Arihant’.” he hooked on to his song Na Batati Tu . Senior Vice President and Business Leader India. As part of this. “The sea is increasingly becoming relevant in the context of India’s security interests and we must re-adjust our military preparedness to this changing environment. even as Prime Minister Manmohan Singh declared that the country had no aggressive designs but had to take all measures to safeguard itself. The NYSE-listed BPO forayed into the domestic market nine months ago and has already signed four customers from the banking and finance and travel segments. Russia. “Never in my wildest dreams did I imagine that people .we are capable of handling this. France. Social networking sites lead in redefining entertainment Kailash Kher is one happy man. They karaoke to Kher’s track straight from their mobile phones over ibibo’s proprietary voice platform and even upload it to the social networking site (SNS). It serves customers from its centres in Jaipur and Hyderabad and has plans to further expand into tier-II cities. Kher is amazed by the hundreds of karaoke uploads driven by his track. As a part of its strategy to expand in the domestic market. The popular singer has four million users of www.” said Harpreet Duggal. Duggal said the company will introduce its international learning to the market and the operations would also be different from its international operations. the capability to launch nuclear-tipped missiles from land. INS Arihant is a ballistic missile submarine armed with 12 K-15 missiles. Genpact. each capable of carrying a 500-kg nuclear warhead. 33.” said Duggal. the UK and China to possess anuclear-powered submarine. But we will leverage our talent base for winning market share in India.ibibo. This includes the sales and marketing. India also announced the completion of its nuclear triad.” With today’s induction. the government will continue to render all support to the constant modernisation of the Armed Forces. as well as get into tieups if required. On the occasion. With this. India has become the sixth country after the US. The company is in the final stages of signing three to four deals. the prime minister said: “The government is fully committed to ensuring the defence of our national interest and the protection of our territorial integrity. having a range of 750-km. we have 1.000 people working on the domestic market. and our Navy has a huge responsibility in this regard.

simulations." says Vineet Ladia. we enable students and teachers to convert mere multimedia simulations into real class-room activity they can experience the content they are studying and get a hands-on understanding of the concepts. virtual experiments and educational games. Sony Music.” says Kher. we have made our software more interactive by leveraging the digital medium. says that websites such as Yahoo India Movies and Rediff Movies have a different ambience when compared to an SNS. Edukite also plans to include television based education programmes using animation technology for reaching a wider audience of teachers and students.” he says. BigAdda. While Ladia rules out such a product for Bschools. an online audience measurement and analytics platform. which were founded by IIM alumni. we are developing a similar product for campuses.000 members and over 115 videos of various bands participating in the show. who had so far been offering real interactive e-learning tools to South African schools. through their company Edukite Learning. "Unlike existing players in the e-learning segment. According to ViziSense. couple of IIM-A graduates are planning to offer real interactive elearning tools for colleges using multimedia simulations and animations. 34. Edukite Learning. social networking. marketing director. While the product is being launched for schools for the first time in India. BigAdda’s LaunchPad page has over 20. he says that the tool is being developed for subjects mostly in the science stream. head of revenue and marketing. “The scope of innovation. from the 49 million internet subscribers. Sanujeet Bhujabal. As a result. execution and interaction on an SNS is wider primarily because the features on these sites allow better integration of content. Vineet Ladia and Aravind Venkatraman. Using . IIM-A grads set to enhance e-learning Education seems to be turning out a favourite among graduates of the Indian Institutes of Management (IIMs).” says Mandar Natekar. . director.will be singing my songs in their voice through a mobile. photo and video sharing sites draw over 50 per cent of the Indian internet audience. Indian networking sites such as BigAdda have been quick to tie up with Channel V for their popular reality music show LaunchPad. “We are delighted to provide a platform which gets artists recognition and helps them in furthering their career. Ladia feels the current products available for e-learning tools are more of video medium and . The companys founders. are launching the product in India for the first time. International networking portal MySpace too has launched a separate digital platform called Music Central that allows artists to take their work to a wider audience. After the likes of Educomp and CEON Solutions.

separated at birth. The growth expected in the next few years is very high and would certainly attract international players. Madhya Pradesh.hardly carry any interactivity for students and teachers alike. Reliance Communications. The admission criterion for these courses is 60 per cent overall in 10+2 and 60 per cent in English language. Companies like Vodafone.5 per cent there is a need for growth in the infrastructure of the education industry. There are very few companies across the globe who actually have both design and programming talent inhouse which enables them to build hands-on activities and experiments. students will be studying two years on the India campus after which they will be going for paid placement of one year where they will have an opportunity to earn up to £10. The animated model is fast replacing celebrities on the endorsement circuit.000- 15. seem to be pairing up to create an all- consuming onscreen culture." he further adds. is the institution’s sole destination in South-East Asia. In case of the international hospitality business management course. The campus. The course fee for all the courses except International hospitality business management is Rs 8 lakh. The company currently has a very strong base in South Africa and is working on numerous government projects. These blown-up “characters” are now selling everything — from cell phones and fizzy drinks to cough lozenges and air-fresheners. Leeds to set up first Indian campus in Bhopal The UK-based Leeds Metropolitan University is setting up its first international campus in Bhopal. "Our aim is to enhance the students’ understanding of advanced concepts. Virgin Mobile. Turkey and Russia for various education related projects. All the courses will have 30 seats each. Edukite Learning is in talks with prospective partners in Egypt. which is a four- year course. . The international hospitality business management course fee is over Rs 10 lakh. With the higher education gross enrolment ratio at about 12. Bollywood stars less than animated in ad world ANIMATION and advertising. Clement believes that India with its huge population in the age group of 18-25 years has a vast potential. 36. being set up in association with JSWS. Coca-Cola and Reckitt Benckiser are using animation-based advertising to come through the clutter of celebrity overkill. and also bolster their knowledge of fundamental principles. 35. All students will get at least one semester of study time in the UK at Leeds Metropolitan University. a non-profit making registered society in Bhopal which operates educational institutions.000 to the UK and then study at the university in UK for one year. And there is no better way to learn than to do it yourself and then figure out things.

make cost-effective ads and. Srinivas Murthy.” said Ajit Varghese. an Italian firm almost five times its size. “The Pebble World breaks the shackles which normal creatives could get confined to. too. Comital could also help the Indian firm expand into consumer packaging business. All 27 ZooZoo commercials were aired back-to-back on 15 channels recently. which provides packaging solutions for drugmakers and food industry. with the rest of Europe accounting for another third. Comital is majority owned by Milan stock exchange-listed investment group Management & Capitali. Virgin Mobile chose animation characters Pebbleheads to popularise its brand late last year. The Italian acquisition will give Ess Dee a significant presence in Europe.” says Coca-Cola India general manager. rejuvenate brands. Vodafone’s series of ads using the eggshell ZooZoos pushed the who’s who of Bollywood Alisters. MD of Maxus. CMD of Ess Dee Aluminium. says it is open to experimenting with animated characters in the future. Mahindra Satyam loses Railways’ tech contract . The beverage maker. ZooZoo became an overnight sensation during the Indian Premier League this summer. 38. Coca-Cola is set to kick off a campaign for its lemon drink Limca starring animated characters.” said Sudip Dutta. promoting rival Bharti Airtel out of the spotlight. despite having popular model Sushma Reddy as the brand’s face. which has the likes of Aamir Khan. It also helps us spin youthrelevant stories. to rollout on August 1 across all media.” says Virgin Mobile chief marketing officer Prasad Narasimhan. Reckitt Benckiser is using Mrs Raccoon for Air Wick air-fresheners and Mr T for Strepsils throat lozenges. 37. including Kareena Kapoor. Coca-Cola’s 3D animation campaign for Limca. is in advanced talks to buy Comital. But I have no comments to make on any specific transaction. A deal will help Ess Dee Aluminium expand its presence in the consumer packaging business and ramp up global operations. a leading provider of packaging solutions. Bank of America Merrill Lynch is the banker facilitating the transaction. “Animation gives us a lot of possibilities that real life commercials don’t and research tells us animation now appeals to people across ages. “The aim was to push the boundaries and create benchmarks of disruptive communication. Almost two thirds of the revenues of Comital comes from the Italian market. Vodafone’s media buying agency. Pebbleheads commercials made their debut with a 50-paisa offer late last year. Akshay Kumar and Shah Rukh Khan as endorsers for various brands. marketing (flavours). Comital group had revenues of $403 million for the year ended December 2008. in some cases. Mr Dutta owns close to 60% of the publicly listed firm. Ess Dee Aluminium may buy Italian co ESS DEE Aluminium. “We have been looking overseas for acquisition opportunities. will see the company entering the full-fledged animation space for the first time. for $125-150 million. Saif Ali Khan and Vidya Balan.

Railways has now invited other vendors including Wipro to bid for the project. 39. Contradicting their views. following which the telco will shortlist potential bidders.000 plus towers. While the value of the LMS contract is less than Rs 100 crore. Sony makes $50-m bid for MJ’s rehearsal video . Towers are critical physical infrastructure that transmits voice and data signals to mobile users.000 crore more effectively. “After non-delivery of the pilot. including from Wipro.” he added. Aircel has set July 24 (Friday) as the deadline for all potential bidders to respond to its information memorandum. Vodafone Essar. after we issued a new tender for the same project. Aircel is the only telco amongst large operators that has not hived off its towers into a separate entity. another industry executive with a tower company said that valuations had fallen further since the Tata-Quippo merger in December 2008. while adding that Aircel was likely to get only about Rs 50 lakh per tower at current rates. All large telecom operators. a Mahindra Satyam spokesman said his company could not produce the audited financial statements for past three years. 40. Wipro and HCL are all aggressively bidding for these contracts. “We have already received three applications. Infosys. it could help vendors chase similar contracts worth up to Rs 3. we served a notice around one-and-a-half months ago. Reliance Communications and Idea cellular. rivals. ATC in race to buy Aircel towers NASDAQ-listed American Towers (ATC) is set to join the race to buy out telecom company Aircel’s 12.000 crore to be awarded by Indian Railways in January earlier this year. He requested anonymity because he is not authorised to speak with media about vendors and contracts. an industry executive tracking the development told ET. have demerged their towers and other physical infrastructure into separate companies. Apart from Mahindra Satyam. When contacted. this industry executive added. including Bharti Airtel. ATC will join the Tata-Quippo combine and a clutch of private equity players who are set to place bids for Aircel’s towers. and the process is expected to take over six months. which led to the cancellation of the contract. When contacted. Mahindra Satyam had emerged as the lowest bidder for the first in a series of outsourcing contracts worth almost Rs 2. after the company failed to meet the deadline for submitting required financial details and start working on the pilot project. ATC said that the company does not comment on speculations.INDIAN Railways has cancelled a locomotive management system (LMS) contract awarded to Satyam Computer Services (now Mahindra Satyam) in January this year. TCS.” a senior railways official told ET.

who suffered severe injuries during a crash in Hungary last weekend. Schumacher revealed on Wednesday that Ferrari had persuaded him to come out of retirement to replace Brazilian Felipe Massa. to join the litigation. Fox. shot as he prepared for his concerts at London’s O2 Arena and three videos Jackson had shot that were going to run during the concerts. the world’s largest drug market. Sales in the US.” said a top industry executive who asked not to be named. Sun Pharma arm faces class action suit in US CARACO Pharmaceuticals. AEG is reportedly hoping to get back the $30 million they spent setting up the comeback shows through the deal. The law firm has also asked other shareholders.272 crore. The developments saw the Caraco stock plunge to $2. Sony Pictures plans to produce the feature-length documentary chronicling the final days of ‘King of Pop’ in partnership with AEG Live and Jackson’s estate. The concert organisers owns over 80 hours of Jackson footage. it can potentially snowball into a major problem for Sun Pharma. including an alternate version of the pop icon’s now classic Thrillervideo.39 last month from about $10 in May last year. has been slapped with a class action suit in the United States for allegedly failing to disclose adequate information about US regulatory action that hurt its shares. Other rival studios such as Universal.SONY Pictures has offered a whopping $50 million to Michael Jackson’s concert promoters AEG for the global distribution rights to a film that they are planning to make based on the singer’s last rehearsal footage. who bought Caraco shares between May 2008 and June 2009. rendering India’s most valuable drugmaker vulnerable to the prospect of hefty payouts as damages. Warner Bros and Paramount Pictures are also bidding for distribution rights. has been in talks with a number of Hollywood studios to make a film on the final days of Jackson. The US Food and Drug Administration (FDA) started inspections at Caraco’s Michigan plant in May 2008 and issued Form 483. Its shares too took a beating here too. the US arm of Sun Pharma. account for a third of Sun Pharma’s total annual sales of Rs 4. An email sent to Caraco on Tuesday evening did not elicit any response. 42. “If this is not handled properly. Kenny Ortega. The director and choreographer of Jackson’s comeback shows ‘This Is It’. Lauda believes Schumacher's return will boost F1 LONDON: Former world champion Niki Lauda believes Michael Schumacher's shock return to Formula One will help revitalise the sport. a special form that points out deviations during inspections from standard US manufacturing practice. . falling 12% on June 26 on the Bombay Stock Exchange (BSE). 41. US-based law firm Izard filed the case on behalf of some of Caraco’s shareholders in a Michigan court on July 17.

” With today’s induction. . who won three world titles. He is a clever guy and a grown-up man.The 40-year-old German quit F1 in 2006 after a glorious career which included seven world titles. told The Sun newspaper: "Michael is aware of the dangers. 43. even as Prime Minister Manmohan Singh declared that the country had no aggressive designs but had to take all measures to safeguard itself. On the occasion. who came back after a five-year retirement to win his third title in 1984.000-crore passive infrastructure sharing deal from new operator Etisalat DB. RCom bags Rs 10k-cr Etisalat deal RELIANCE Communications (RCom) has bagged a 10-year. "Schumacher coming back is the best thing to happen to F1. Schumacher is widely regarded as the sport's greatest champion and Lauda. He will be the saviour of Formula One after what we've gone through this year with all the politics. India has become the sixth country after the US. the prime minister said: “The government is fully committed to ensuring the defence of our national interest and the protection of our territorial integrity. hopes his comeback will take attention away from the political rows that have dragged F1 through the gutter in recent months. the UK and China to possess anuclear-powered submarine. two with Benetton and five with Ferrari. said: "Michael's return is great news. 44. Russia. France. and a total of 91 race victories. having a range of 750-km. And he will still be quick and still be competitive even though he has not raced since 2006. the government will continue to render all support to the constant modernisation of the Armed Forces. As part of this. each capable of carrying a 500-kg nuclear warhead. Rs 10. Lauda. INS Arihant is a ballistic missile submarine armed with 12 K-15 missiles." The Austrian. earlier known as Swan Telecom. 60. He is just too good not to make an impact on his return. India launches its first indigenous nuclear submarine Prime minister says the country has no aggressive designs India today achieved a historic naval milestone with the induction of its first indigenous nuclear- powered submarine ‘INS Arihant’. Then we had BMW pulling out with Honda having gone.

the audacious 55-year-old chairman of the UB Group convinced conservative. will provide passive infrastructure. earthing and battery bank. Many of its towers are hosting both CDMA as well as GSM infrastructure. “This win-win agreement demonstrates Reliance Communications capabilities to enable the operators to go-tomarket with a bouquet of telecom infrastructure services. Strategic alliances are an integral part of our plans for growth and the Etisalat Group will always be receptive to such alliances.RCom will provide end-to-end tower and transmission infrastructure to Etisalat DB in the 15 circles. while RCom will meet Etisalat DB’s transmission infrastructure requirements. 45. even public sector banks seem to be getting comfortable. which will be handed over to the telco in the next 18 months. told ET.000 depending on the location. shelter.000 sites. “We are also in talks with existing and new operators for similar infrastructure sharing deals. who heads the Infratel business. speed to market and cost-effective rollout of services. And he’s pretty good at convincing even the most traditional of bankers that brands have value and worth. Reliance Infratel. “For Etisalat. Etisalat chairman Mohammad Hassan Omran said: “As a new entrant in this dynamic market. bandwidth to connect core network and carriage on bulk basis. New operators are increasingly outsourcing their infrastructure. Which perhaps explains why such assets have begun to play an increasingly significant role in capital raising and bank lending. RCom has an average of 1. where it has spectrum to offer cellular services. call centre services and IT requirements to cut down on capex and time-to-market.6 tenants on its 50.000 towers across India. Cos flash brands to raise cash Mallya Joins Growing List Of Owners Pledging Brands. this agreement presents large cost optimisation benefits with an asset-light model. which help enhance the customer experience. government-owned State Bank of India (SBI) to accept the Kingfisher airline brand — registered separately from its beer and wine brands — as collateral to raise Rs 2. “Earlier. .” RCom chairman Anil Ambani said in a statement in Mumbai on Wednesday. Passive infrastructure includes tower space for mounting antennas. To Raise Rs 2k Cr BEER-TO- AIRLINE tycoon Vijay Mallya knows the value of brands. it will improve capital productivity and enhance our revenues by Rs 10.000 crore in debt. They have. while some cater to only one of the two services.” he added. But with transactions involving brands and intellectual property becoming commonplace. For us.000 to Rs 40. and that too selectively and only as a top-up to other collateral.” Inder Bajaj. rent for a telecom tower ranges from Rs 24. only private sector banks were lending against intangibles. companies like Kingfisher are recognising the value hidden in intangible assets such as intellectual property. It’s not that others haven’t monetised brands to raise cash.” Typically. whether the tower is ground-based or roof-based and the number of tenants.000 crore. Recently. the company’s tower arm. Transmission infrastructure refers to connectivity from customer premises to sites. RCom will host Etisalat on 30. But what others haven’t managed to do is to convince public sector banks to accept brands as collateral. In an environment where credit is relatively scarce and lenders cautious. air-conditioner. this alliance provides us with strategic advantages that will ensure a robust. brands and customer relationships.” says Sanjeev Agarwal of audit and consulting firm Ernst & Young.

boosting the airline’s valuation. Other Indian companies.000 crore from institutions such as ICICI Bank. citing client confidentiality. buildings and factories is the norm. Kingfisher airline brand worth Rs 1. In the case of Kingfisher Airlines — it is registered as a separate brand with the trademark office. The brand’s worth. Perhaps the most famous example is Walt Disney. Ranbaxy’s results have been weighed down in the last three quarters by forex losses and a US ban on some products. The group’s liquor business — United Spirits — offered some of its leading whiskies like Bagpiper and a few Whyte & Mackay brands as collateral to raise over Rs 6. New Delhi-based LT Foods (earlier called LT Overseas) used its Daawat brand of packaged rice as collateral to raise debt for its $50 million (Rs 200 crore) acquisition of US-based rice firm Kusha Inc. land. Mr Agarwal says that in the past six months he has been part of similar deals involving as many as five-six companies and as many brands. distinct from beer and wine — the move to value the airline brand separately was initiated early last year when the company initiated talks with private equity funds to raise $400 million. 47. intangibles hold an over twothirds share of enterprise value for Indian companies. despite posting better-than-expected quarterly earnings boosted by hefty forex gains.900-crore. has been included in the balance sheet. many companies have used their brands’ value to open lines of credit. For one. increasingly borrowers and lenders are coming around to the view that value needs to be unlocked from intangibles too. said earnings in the remaining two quarters would remain hostage to the effects of rupee-dollar fluctuations. estimated at around Rs 1. Moreover.900 cr SOMETIME ago. 46. ranging from a leading Mumbai-based retailer to an Ahmedabad-based apparel maker have in the past pledged their brands to banks. ‘visible’ assets such as capital. the fact that many businesses have exhausted all sources of tangible assets for raising debt means India Inc will have to look at structuring capital deals around intangibles like brands. Globally. The firm. RANBAXY LOGS 30-FOLD RISE IN Q2 PROFIT RANBAXY Laboratories on Friday stuck to its forecast of a $150 million (about Rs 725 crore) loss for the fiscal year. according to a two-year old global study on intangible assets by the London-based Brand Finance Institute. which did so in 1988 in the Japanese market to raise as much as $725 million. . India’s biggest drugmaker by sales. He did not disclose any details.1-billion. but said it was hopeful of resolving its regulatory troubles in the US soon. While lending against tangible. Mr Mallya’s UB Group itself has leveraged brands to raise funds for recent acquisitions. pegged at over $1.

At the same time. But is Dhoni the highest paid brand endorser? Or is it Shahrukh Khan who has earned at least four times as much from brand endorsements as he earned from Rab Ne Bana Di Jodi. who is the endorser who helps companies sell the most? Is it Aamir Khan whose ads for Samsung helped the Korean electronics giant increase its share in the domestic cell phone market? Or is it Sachin Tendulkar who helped Boost become a household name? Well. During the quarter. Bangalore. Likewise MS Dhoni. The result was the incisive SundayETSynovate individual-as-a-brand survey. . which reached out to around 400 SEC-A respondents from Delhi. getting to the bottom of these questions to find out who are our top individuals as brands wasn’t easy. a question that haunts a brand today? The answers that came up turned quite a few common perceptions on their head. But Delhi. perhaps does not drive a Hyundai i10. Now majority owned by Japan’s Daiichi Sankyo. brand experts and of course. Bias & perception BUT it wasn’t only the overall outcome that is interesting. helps sportswear company Reebok sell shoes. Then we tracked down the popularity of these celebrities on the internet based on the number of hits and searches they get on google. Synovate to formulate a methodology that dug deep into the mind of the consumer. The survey looked to answer. Ranbaxy reported a consolidated net profit of Rs 693 crore for the second quarter to June 30 — its first after three consecutive quarterly losses. Shahrukh Khan. he has helped the South Korean carmaker sell many more cars than it could possibly have on its own. which showed a tinge of soft spot for wealth related questions throughout. his only release in 2008? And endorsement fee apart. Celeb Endorsement Quotient THEY are the prized brand ambassadors that companies chase after. it posted a mark-to-market foreign exchange gain of Rs 807 crore. felt no harm in seeing endorsers getting rich. And finally. Mumbai. we got global market research firm. endorsing the Pepsi brand. the company had posted a consolidated profit of Rs 23 crore. among many others. Put another way: the bias and perceptions across different cities were conspicuous throughout the survey. 48. which enabled it to write off most of its Rs 918-crore loss incurred in the preceding quarter. In the same quarter last year. From cars to chewing gum. 95% of respondents from Chennai felt that it isn’t justified. and posing for many other nonplussed companies trying hard to break through the advertising clutter. Well. celebrity watchers: who is the most powerful individual. We analysed the endorsement pattern of all our top endorsers. when it came to the astronomical remuneration of brand endorsers. But then. how many brands do they endorse. they have sold it all. Chennai. arguably the undisputed king of Bollywood. the skipper of the Indian cricket team. Kolkata and Hyderabad. this is just one of the findings. So we did three things. For instance. how much money do they generate and what have you. he has his hands full selling PSPO fans.

Under Indian laws. a major existing shareholder of Bharti. “We don’t comment on market speculations. based in distant South Africa. For many more interesting tidbits read on. post the proposed deal between Bharti and MTN. which has a big stake in a growing Indian market. These can subsequently be converted into ordinary Bharti Airtel shares. will continue to be a strategic partner and significant shareholder after the implementation of the potential transaction. 50.” It is not clear at this stage how much money SingTel may raise to finance acquisition of Bharti shares from MTN shareholders. do not have voting rights. SingTel may buy Bharti Airtel shares SINGAPORE Telecommunications (SingTel) may buy shares in Bharti Airtel from MTN shareholders in order to maintain its equity stake in the Indian telco at a minimum level of 26%. The proposed deal between the two telecom giants giants envisages that Bharti will issue fresh shares. we have no further comments to offer at the moment. sees India emerging as its most important market in the next five to 10 years. Besides. However. most likely in form of GDRs. if it goes through. so that no open offer is triggered as GDRs. 7% (the difference between 26% and 19%) comes to Rs 5. And some of them are definitely as entertaining — if not more — than that blockbuster at the multiplex near you. “Buying Bharti shares from MTN shareholders who may be interested in selling them is one of the options SingTel is actively weighing. Bharti Airtel has not categorically said it will issue GDRs but the absence of voting rights make these the likeliest instrument. may not consider Bharti GDRs as a longterm holding. the UK-based manufacturer of luxury automobiles. Beyond what we have already communicated in our press note (on May 25). A person with direct knowledge of the Bharti-MTN deal said Singtel had sounded out banks including DBS. creating an opportunity for SingTel to step in. could reduce SingTel’s stake by nearly 11% to 19%. and is looking at using parent . Bharti contributed a substantial 22% to SingTel’s net profit of $146 million in the January- March 2009 quarter.” a senior banker tracking the deal told ET.” A Bharti spokesperson said. who did not wish to be identified as he was not authorised to talk on the issue. to raise funds to finance such an acquisition of shares. in addition to its advisor Goldman Sachs. said SingTel was keen to keep its stake in Bharti to at least 26%. going by Bharti’s current market capitalisation of Rs 80.” said the person. The Bharti-MTN transaction.000 crore. a crucial level that gives a shareholder more say in the company’s operations. unless converted into equity shares. to buy these GDRs. The banker said that MTN’s shareholders. This would provide an opportunity to SingTel. When contacted.600 crore. any acquisition of a 15% stake needs to be followed up by a mandatory 20% open offer. “As already communicated in earlier issued press note — SingTel. 49. “In such a scenario. a SingTel spokeswoman said. The person. Bharti also paid dividend for the first time in that quarter. Rolls Royce finds India red hot ROLLS Royce Motor Cars. most MTN shareholders may not like to hold on to Bharti GDRs.

design consultants to the project. “In the long term.” Mr Purves said. comes a little over a month after an accident killed six workers at a metro construction site on July 12. Today’s move. The super-exclusive British marque. “We’re open-minded. Both have also been barred from all existing contracts in which they were involved.” Mr Purves said. the country’s most ambitious infrastructure project.” said Tom Purves. seems to have realised the potential of India. Addressing reporters today. It is not possible for us to take back ongoing projects from Gammon because that would delay Phase 3 metro by six to eight months. we have access to all the purchasing power the group has and engineering opportunity that exists. Today’s decisions were taken after a high-powered committee set up to examine the cause of the accident came out with its report on July 23 criticising DMRC for lax safety standards. The accident. and being within the BMW group network. asking why it should not be banned for two years and debarred from bidding for contracts under phase IV of the project. Delhi Metro seeks ban on Gammon Delhi Metro. Sreedharan said. which the state government declined to accept in the interests of completing the project in time for the Commonwealth Games next year. Mr Purves said the market for his cars is shifting from the West to the East with markets such as India and China contributing more to its growth. The corporation has also suspended its own deputy chief engineers V P Srivastava and Mukesh Thakur. “The reason for the accident was design deficiency and material deficiency.BMW’s supplier network in India to source components. Chief engineer Rajiv Kataria (who was part of a committee investigating the accident earlier) will be issued a penalty chargesheet. the second-fastest growing economy in the world. which sells cars on the basis of pre-determined quotas in low-volume markets. has served Mumbai-based construction giant Gammon India a showcause notice. That’s good news because globally the company has seen a 25% dip. “We believe India will be the single most important market for Rolls Royce in the next 5-10 years. the latest in a series over the past year. India has improved its contribution to Rolls Royce’s overall business substantially. for five years. Rolls Royce cars are custom-made at its Goodwood factory in the UK. 51. raised public outrage and prompted Delhi Metro Rail Corporation’s widely respected chief E Sreedharan to submit his resignation. and structural consultants Tondon Consultants for two years . India represents a phenomenal business opportunity because we have seen a general movement of our business from the West to the East — to markets like India and China that have played a crucial part in the growth Rolls Royce has enjoyed. announced at a press conference in the capital. and the talk of sourcing components from a foreign country is a first for the carmaker. DMRC has also blacklisted Arch Consultants. There are very few contractors . the chief executive of the company.

deputy chief engineers suspended Is it correct on Delhi Metro’s part to blame everything on the contractors and absolve itself of responsibility? We are also responsible for the accident at the project site and that is why we have suspended our officials. who was also on the committee. 52. Sources said the deal was worth close to $130 million (Rs 625 crore). from Royal Numico NV of The Netherlands for an undisclosed amount in 2006. Will there be any project up for bid in these two years? Yes.who can qualify for Delhi metro projects. and would be closed in the second half of 2009. Dexolac and Nusobee infant formulas. The company said the transaction was subject to customary closing conditions and various approvals. Protinex. Wockhardt had acquired Dumex India. along with its two products. Does this mean there is extra pressure on contractors to finish projects that might lead to safety issues being compromised? We have finished work before the deadline on almost all the projects. and Farex weaning cereal. The company’s nutrition business includes some of the major child care brands. is a segment leader in the vitamin and health supplement category.” Design. We have stipulated four and a half years for projects where it should take two and a half years. which recently undertook a debt restructuring scheme. the work on the Phase IV of the Delhi Metro is to start by mid-2010 and Gammon will not be able to bid for those projects. was removed from that committee by me. A Wockhardt spokesperson declined to confirm the size of the deal. Protinex and Farex. Protinex . such as Farex. has signed an agreement to divest its non-core nutritional business to Abbott. structural consultants blacklisted. a global healthcare company. There is no such pressure on contractors. At that time. Our chief engineer (design). Gammon India has been blacklisted for two years. Wockhardt to sell entire nutrition biz to Abbott Wockhardt Ltd. The adult protein supplement. It seems most of your projects have been completed before schedule.

few other MNC's such as Accenture and IBM would have also featured in this list. 4. As per the corporate debt restructuring (CDR) scheme. including its plans of divesting the proposed stake sale of its hospital chain. the company is likely to go slow on sale of other assets it had put on the block. as they have not participated in the survey. to Mova GmbH and the animal health division to Vétoquinol. top 15 BPOs The National Association of Software and Services Companies (Nasscom) on Wednesday released the names of the biggest employers in the Indian IT-BPO services sector. India's Top 15 BPO companies 1. within the next six years. both well-known nutrition brands in the country for over 50 years. Most companies on this list are engaged in IT as well as BPO. IBM-Daksh Business Process Services Pvt. WNS Global Services (P) Ltd 3. The IT sector's highest industry body also named the nation's top BPO companies and the top IT services firms in India.200 crore. Nasscom does not have all the required details and are unable to rank them. The company is also looking at divesting a 32-acre dairy and milk processing unit in Punjab which the company inherited from its acquisition of Dumex India and part of 250 acres in Aurngabad. aFrench veterinary care company. the IT body said. Based on publicly available information. However. was also planning to divest less than 26 per cent stake in Wockhardt Hospitals. India's top 20 BPO employers. Wipro BPO 5. had a combined annual sales of Rs 60 crore. It had already mobilised close to Rs 300 crore from the recent sale of its loss-making German subsidiary. Wockhardt’s over Rs 3. Firstsource Solutions Ltd . as reported to Nasscom in its annual survey. Habil Khorakiwala.and Farex. said sources. With these sales. 53. But the company may wait for more time to get good valuations. Wockhardt’s promoter. Genpact India Pvt Ltd 2. which has 12 hospitals. as the CDR package approved by its lenders have taken care of the company’s immediate financial commitments. Ltd. for a valuation of Rs 800-1. it has to divest its noncore assets at an estimated value of Rs 790 crore.400 crore debt was restructured by its lenders in June. Nasscom says that the list of the top BPO employers is based on the India-based headcount of firms with IT-BPO operations in India. Esparma. Tata Consultancy Services BPO 6.

and have not shared their India-based revenue figures. Sonata Software Ltd Ranking is based on companies that have submitted the detailed form. 20. HCL BPO 11.7. Oracle Financial Services Software Ltd 9. Aricent Technologies (Holdings) Ltd 10. but have significant India-based delivery capabilities. Wipro Ltd 4. companies such as Convergys and Sutherland Global Services would have also appeared in this list. MphasiS BPO Note: This list does not include some companies whose corporate headquarters are located outside India. 18. the watershed points in life. Polaris Software Lab Limited 14. CSC India Pvt Ltd 11. Aditya Birla Minacs Worldwide Ltd 8. in order to maintain uniformity. Had they been ranked based on their India (India) Pvt Ltd 12. Tech Mahindra Ltd 6. HCL Technologies Ltd 5. It does not include Mahindra Satyam whose revised audited revenues are not available. Hexaware Technologies Ltd 19. INS Arihant: A watershed moment There are moments that are more definable than others. 3i Infotech Ltd 17. Hinduja Global Solutions Pvt Ltd 14. Patni Computer Systems Ltd 7. Prithvi Information Solutions Ltd 13. EXL Service. MindTree Ltd 15. Aegis Ltd 9. 24/7 Customer Pvt Ltd 15. Mascon Global Ltd 16. Since several companies are privately held. Intelenet Global Services Ltd 13. Larsen & Toubro Infotech Ltd 12. Infosys BPO 10. MphasiS Ltd 8. 54. Mastek Ltd. India's Top 20 IT services exporters Tata Consultancy Services 2. HSBC Software Development (India) Pvt. revenue figures for the ranked companies are not being shared. Ltd. whether of a . Infosys Technologies Ltd 3.

To this list can be added the acquisition of INS Viraat in 1987. we now have manufacturers who can build and weld submarine hull sections which can stand pressures at great depths. The officer who had questioned the design being developed left the Navy and. there is much to be . INS Arihant. To this should be added interfacing of electronic systems from several sources—no easy task. with strictures passed against the DAE. The acquisition of the aircraft carrier. the lease of the nuclear-powered submarine. pumps. it nearly came to a dead halt. Not to be left behind. arguably. or Advanced Technology Vessel. INS Chakra in 1988 and. It was not until the mid-1980s that the concept was revived as the ATV Project. whilst en route to the US. In 1980. all strengthened for underwater operations has been created within the country. So. argued his own case before the court and was acquitted. a small unit called Project 932 was constituted under a Commander rank officer under the aegis of the Department of Atomic Energy (DAE)— its task: to develop feasibility of a small reactor which could fit within a submarine hull. An officer working in the project. the only regional country to have that claim. induction of the cruiser INS Delhi in 1953. There have been other such events in the sixty-year lifespan of the Indian Navy. ground to a halt. persuaded the then Navy Chief that the DAE design was seriously flawed. not a nuclear reactor engineer but one who had acquired deep knowledge in this field on his own. 1971) in 1968. From then to now has been a long journey of two decades with many ups and downs but with some very substantial long-term gains. already on slow march. was arrested at the airport for possessing highly classified literature which later turned out to be all in the public domain. We then entered into an agreement with Russia for developmental and design assistance for a nuclear-powered submarine. by the Prime Minister. The matter was taken up with the then Scientific Adviser in the Ministry of Defence. Inductions of the first submarine. whose time should actually have come earlier. compressors and air conditioning machinery. It was over two decades ago that we embarked on a project termed the ATV. Larsen and Toubro and Walchand. with less than enthusiastic support from the Navy’s hierarchy. the induction of INS Jalashva (formerly USS Trenton) a few years ago which has enabled credible assistance to be provided in the region during natural calamities such as the tsunami of 2004. One such moment. making us a ‘two aircraft carrier Navy’. many other milestones in afloat as well as shore support facilities have made the Indian Navy the leading regional maritime power that it is. being the first. a fullfledged organisation had been put in place with outlying units at Kalpakkam (under DAE for reactor design) and Hyderabad (for developing auxiliaries and systems).nation. was the switch of maritime air surveillance aircraft from the IAF to the Navy in the late 1970s which made the seagoing force a self-sufficient entity. This project moved slowly and with mixed results. Dr Raja Ramanna —a distinguished nuclear scientist himself — but without resolution. As far back as the mid-1970s. He spent some years in prison. To this impressive list must now be added the launch of INS Arihant. in 1961. Indigenous participation — especially of private sector companies. this time under the Department of Defence Research and Development (DRDO). in Visakhapatnam on July 26. INS Kalvari in 1967 and of the Missile Boats (which were to wreak havoc on Karachi on December 4. were others. to name only two — has been very encouraging. INS Vikrant. made the young Service a ‘blue water’ force. The result was that the 932. All of these and. Capacity to build pipes and cables. followed in succession by others. By 1989. Aside from the reactor. of course. came to the Indian Navy with the launch of our own nuclear-powered submarine. gear boxes and generators. an institution or an individual.

such as Oracle’s purchase of Hyperion. And not just ordinary voice calls of the type MTNL currently offers. in any event. not part of his duty or responsibility. Customers in Delhi and Mumbai could theoretically know MTNL only for its voice calls but think of British or China Telecom when it .proud of and little to moan about the delay as the Comptroller and Auditor General (CAG) can be expected to do. which provides predictive software and services to help companies forecast trends and spot shifts in consumer patterns. if you want to operate your new 3G Blackberry Bold and want to download the latest Angelina Jolie blockbuster. The companies said on Tuesday that shareholders of SPSS.2 billion in cash to better compete with Oracle Corp and SAP AG in the growing field of business intelligence. brought to you in association with MTNL. you can’t offer telecom services in the country. would receive $50 a share.2 bn IBM plans to buy business analytics company SPSS Inc for $1.09 on Nasdaq. That’s right. But don’t fear. there is no accountability. Even companies like Bharti have outsourced the major part of their networks to companies like Ericsson. perhaps correctly. without which even a licence is worth nothing? Or perhaps you’re a foreign telephone company. 55. if you don’t meet these criterion. a 42 per cent premium to Monday’s closing price of $35. in return for a share of the total revenue it collects from these customers. SAP’s acquisition of Business Objects and IBM’s own deal for Cognos 56. MTNL is here — and perhaps BSNL as well! Thanks to a unique ‘services franchisee’ bid that MTNL has just put out — all responses have to be in by September 4 – any telecom firm that’s not already doing business in Delhi and Mumbai is free to offer telecom services under its own brand in the two telecom circles where MTNL operates. the only telecom company in the world to allow others to cannibalise its brand. but the brand customers interface with is always Bharti — this makes MTNL. and perhaps BSNL if it decides to follow in MTNL’s footsteps. unwilling to dilute your equity to below 74 per cent in an Indian joint venture? The way the law is right now. prospective participants are supposed ‘to promote MTNL brand’ or ‘create own branding and marketing of 3G services & products’. the services franchisee will be offering high-end fast-speed data services — so. MTNL’s Expression of Interest (EoI) says. IBM to buy analytics co for $1. you can do it on a British Telecom or a China Telecom mobile service. The larger vision is. So what’s a brand between friends? Don’t have a telecom licence? Or that precious thing called spectrum. The proposed acquisition comes after a spate of deals in recent years in the business intelligence sector.

serve and retain customers. And ditto for the revenue shares whenever they were finally fixed. to quote from the Expression of Interest. Given its poor performance so far in getting customers. from the customers’ point of view. for instance —and the necessary connectivity between various points. set up own payment collection system/mechanism. Various issues come up. And though there is no official word. is that the service will finally happen — MTNL wants a minimum revenue of Rs 30 crore in the first year in each of the two metros it operates in. The 3GFranchisee is to provide end to end services as per the schedule of services on 3G Access Network …’ The only thing MTNL will provide is access to the spectrum and its infrastructure — its telecom towers. The franchisee. to promote MTNL brand or create own branding and marketing of 3G services & products. advise & package different tariff plans. to take the signal from one base station by cable to another base station. the franchisee will do everything. that what MTNL is doing through the Expression of Interest is to create a mobile virtual network operator (MVNO ). While private operators who wish to offer their own services will have to wait till such time as the government finally allows 3G auctions — an Empowered Group of Ministers has just been set up to examine the issue of the floor price that needs to be fixed before the auction — those willing to operate through MTNL will get a headstart over them. There is. While MTNL has got around 300-500 subscribers so far. BSNL hasn’t done that much better either and has 3. MTNL is even willing to offer a 5 per cent bonus of the additional net revenue if the target is surpassed. both firms would match the entry fee paid by the others. going up to Rs 240 crore in the third year. Most would have moved heaven and earth to make the most of this largesse.000 customers across 25 cities. that meant a headstart of at least a year for these two public sector telcos. for instance. provide customer care. for example. A MVNO essentially buys minutes or leases out infrastructure from a mobile operator and then offers services under its own . the issue of a level playing field.000 customers by the end of the year. has to have the ‘necessary resources and infrastructure to acquire. VAS & content services for 3G Access Network. Telecom experts also point out. the government allotted both MTNL and BSNL 3G spectrum even though this was not given to any private sector firm — the only proviso was that. then. whenever the auctions for spectrum finally took place. Under the Expression of Interest. There is the obvious one about the branding that has been dealt with. The problem began late last year when. executives in the company say that even they might look at the MTNL model for their 3G services. create sales and distribution network. the company’s chairman has set a target of 1. The good thing. Given the pace at which the 3G auction process is proceeding. for reasons best known to it. Not so for either of the two PSUs.comes to data services.

though for ordinary 2G-type services. The Expression of Interest mentions a period of 10 years. reported a 13 per cent drop in car sales in June. Formula One is becoming less important as BMW “places stronger focus on sustainability initiatives. The carmaker supplied engines to the Williams team for six years before buying its own team in 2005. The Kinetic Energy Recovery Systems. In June. if so. Formula One teams said they agreed in 2010 to scrap a device that diverts energy from braking into a power boost button because it’s too expensive. which spends about $200 million on Formula One to market its brand. BMW quits Formula One at end of season after a decade BLOOMBERG Madrid. teams agreed to scrap an energy-saving device to cut costs. becoming the second carmaker in less than a year to withdraw from the auto racing series amid slumping sales.brand. of course. how this is to be dealt with — in other words. Yet. In June. Whether this will work for MTNL. it so happens that MVNOs are still not allowed in India — the Telecom Regulatory Authority of India (TRAI) has made its recommendations in favour of MVNOs but the government still has to take a final call on these. or KERS. which left in December. Nor is it clear that MTNL wants to carry on with the franchisee’s brand for the rest of the period of its 3G licence and. is the time period specified. 57. of course. with no clarity on how costs of the franchisee are to be recouped once the contract period is over — there is money that will be spent on brand-building and possibly even on infrastructure since the model allows for either MTNL or the franchisee to spend on this. Equally curious is the fact that the Expression of Interest allows global players with 100 per cent foreign equity to apply though the government policy is clear that foreign equity has to be capped at 74 per cent. collects the tariff and controls the subscriber. was introduced by ruling body Federation Internationale de l’Automobile to make the . It is unclear as to how MTNL floated an Expression of Interest without any clarity on the matter though it has to be said that Virgin is doing something similar with Tata Teleservices.” Chief Executive Officer Norbert Reithofer told apress conference in Munich today. the slowest decline since October. is not fully clear as yet. Munich-based BMW. 29 July Bayerische Motoren Werke AG will quit Formula One in November. there is the issue of whether private firms will bid till such time the MVNO issue is clarified and ditto for the 100- per cent foreign equity clause. Another hurdle from the bidders’ point of view. For one. The biggest luxury-car maker follows Honda Motor Co. MTNL still needs to do alot of introspection on what exactly it is that it wants.

series more environmentally friendly. “Shantha’s portfolio of new vaccines will complement Sanofi Pasteur’s current vaccines. The deal involves Sanofi’s vaccine arm Sanofi Pasteur acquiring ShanH — which owns nearly 79% stake in Shantha Biotech — from Merieux Alliance.” said HDFC Securities V-P for institutional research Ranjit Kapadia. The BMW team. In June. Merieux will retain around 5-10% in Shantha. similar buyouts could happen. If other companies get such an attractive valuation. Mr Reddy told ET. BMW joined rivals including Ferrari SpA and Renault SA in threatening to set up their own series.50 to BMW’s share price by improving cash flow and earnings. Switzerland. “A valuation of eight times the sales is unheard of. KI Varaprasad Reddy. will continue as managing director. they may be tempted to sell. It helps foreign firms benefit from India’s cost advantage and domestic players can tap the export potential through such deals. which has about 700 staff in Munich and Hinwil. 58. Pune-based Serum Institute of India and Delhi-based Panacea Biotech are the country’s top two vaccine makers. Merieux Alliance bought a 60% stake in Shantha Biotech in 2006 and subsequently increased it to about 80%. who owns a 13.” said Sarabhjit Kaur Nangra. estimated at nearly $1 billion. Shantha Biotech shot to fame in 1997 after it became the first Indian firm to develop and market a recombinant Hepatitis B vaccine. head of research at Angel Broking. an automotive analyst with UniCredit in Munich.” . He spoke on condition of anonymity. It employs over 700 people and markets a range of vaccines in India and global markets. It also provides contract research and manufacturing services and has a wholly-owned subsidiary in the US. The deal between Sanofi and its French owners Meriuex Alliance values the unlisted Indian company at Rs 3. is withdrawing after months of friction between competitors and the FIA over rules.4% stake and is the founder of the Hyderabad-based company. Sanofi-Aventis buys Shantha in high- value deal FRANCE’S biggest drugmaker Sanofi-Avenits on Monday agreed to buy Shantha Biotechnics in a deal whose generous valuation is seen tempting other Indian vaccine makers to consider a sell- out if similar offers come their way. positioning the company to accelerate its growth in strategically important emerging markets. Exports account for nearly twothirds of country’s vaccine market. or about eight times its projected sales of Rs 440 crore for this fiscal.740 crore. estimated that BMW spends ¤200 million a year on Formula One and saving that money could add ¤1. “I see a lot of partnerships and stake sales taking place in the coming years. A top executive at a rival vaccine company admitted that if offers as generous as that by Sanofi are made. Georg Stuerzer.

In the course of a riveting oneand-a-half hours. “I am bringing out facts which no one has brought out so far..20. perhaps aware of the history-making nature of the speech.. the founder of Reliance. which he claims favours RIL.” was one of the most direct accusations. claiming that the price should not be more than $1. Sanofi Pasteur’s V-P for external and scientific communications Pascal Barollier told ET the acquisition will be funded through internal accruals.5. castigated what he described as RIL’s “dishonourable conduct in.” RIL too had no comments. Mr Ambani. the late Dhirubhai Ambani.” a Reliance Industries spokesperson said. For the most part though they listened with rapt attention. . “It is evident that the apparently biased stance commenced in 2006. the mood was febrile. “The matter is before the Supreme Court and sub judice. and a vaccine against the human papillomavirus which causes nearly all cases of cervical cancer. I am not casting aspersions on the integrity of individuals here — I am sure that they have good reasons for their stance. run by his elder brother Mukesh. as the matter is sub judice. This is of course not the first time that politicians and businessmen have duelled. the centrepiece of his speech was devoted to what he claimed was the “apparently biased and partisan role of the petroleum ministry”.20 per unit of natural gas. Anil’s father. All I can say (to Anil) is ‘best of luck’. the chairman of the eponymous Anil Dhirubhai Ambani Group (ADAG) and among the world’s 50 richest men. this newspaper’s business channel. The French company has no plans to merge Shantha with Sanofi Pasteur India.Sanofi-Aventis CEO Christopher A Viehbacher said. who was speaking at the AGM of Reliance Natural Resources (RNRL). he added 59. told ET NOW.. Mr Deora refused to join issue: “I have no comments to make.” Mr Ambani told ETlater on Tuesday evening. conjugated typhoid vaccine. Most RNRL shareholders also own stocks in RIL from which the company was demerged as part of the Ambani family settlement. let alone with the belligerence displayed by Mr Ambani. details of the production-sharing contract. refusing to honour the gas supply contract” and the “exorbitant profits RIL is seeking to make at the cost of the power and fertiliser sectors. Mr Ambani was also scathing in his remarks about a government decision setting a price of $4. India’s largest private sector company by market capitalisation and sales. But the protagonists of these battles rarely spoke in public.” But more than that. battled former prime minister VP Singh along with rival industrialists such as Nusli Wadia through much of the 1980s. and the inappropriateness of the government-set price of $4.” he said. It is very rare for Indian industrialists to so openly criticise a senior government functionary or even a corporate rival. The new products under development at Shantha include a rotavirus vaccine. Mr Ambani’s speech had four major components: RIL’s conduct. which was executed over 2005 and 2006. India’s petroleum minister and an old friend of Dhirubhai Ambani and Reliance Industries. ANIL PUTS DEORA IN GAS CHAMBER ANILAmbani on Tuesday launched a bare-knuckled verbal assault targeting Murli Deora. Mr Ambani did this in the course of one of the most aggressive speeches ever delivered at a company’s annual general meeting. Mr Ambani was blunt in his many references to Mr Deora. coinciding with changes in the ministry. that the Supreme Court would not be swayed by the AGM speech. a legal eagle who represents RIL. Mr Deora’s alleged bias. At the AGM. “Our judges are made of sterner stuff.. as some shareholders raised slogans criticising Mr Deora. Harish Salve.

is likely to assume office somewhere between October and November. He took over as marketing director. 61. Coca-Cola Brazil. it is just another indicator of how serious Coca-Cola is about India. in September 2006 and has spent the last three years in that role. will be filling in that vacancy. Ahmet Bozer. Currently. In the last quarter. While Fort’s appointment might surprise those who expected an Indian to be named to one of the top marketing jobs in the country. currently director. EU as largest buyers of Indian spices ASIAN countries have ended the monopoly of the US and European nations as the largest buyers of Indian spices. From Sprite. after the US and Mexico (though China is all set to overtake Brazil in the near future). The buzz is that Fort. it has become more marked in the recent times with rising prominence of chilli. As reported in this paper earlier. Fort has been with the company for just over a decade having joined Coke Brazil in 1998 as senior brand manager. Brazil. mint products etc in the Indian spice basket. Sprite. Though the trend has been visible over the last few years. marketing. Coke’s Brazilian marketing head may add zing to India operations EVER since Venkatesh Kini moved on from being vice-president. the task for the new marketing director is cut out. 60. cumin. had told ET that he would like to see India among the top five global businesses for the company. when Atlanta hand-picked him to lead their global football initiative and he moved to the US as director. there has been much speculation on who would land one of the most coveted jobs in Indian marketing space. is the third largest market for Coke in the world. Coca-Cola Company’s group president. Brazil. perhaps because of its sheer unexpectedness. He is believed to have been the key man behind the extremely successful association for the brand with the 2006 World Cup Football. on a recent visit to India. given that Coca-Cola India has been growing at a very fast clip in recent times and many believe that in times to come. global marketing football. Brand Equity now learns from sources within the company that Ricardo Fort. The ultimate impact of Mr Ambani’s amazing speech remains unclear. marketing. from where Fort will be moving. Not surprising. Clearly. Initial reactions from senior leaders of the Congress indicated a certain element of shock and awe. who has already visited the company’s Gurgaon office some time back. India could break into top three markets globally for Coke. Asian countries end monopoly of US. he went on to handle the Coca-Cola brand up until 2002. Eurasia and Africa. coriander. the company reported a growth of almost 33%. . to Atlanta three months ago. which is one of the highest in recent times for the beverage maker. Relocating Fort from Brazil is a clear statement that the Coca-Cola Company is betting big on India. Coca-Cola India.

Germany's Paul Biedermann ripped up Ian Thorpe's world record to win the men's 400 meters freestyle final at the world championships on Sunday. In value terms Asian share came to 48% again with East Asia dominating with 36%. Both East Asia and West Asia together accounted for 66% of the spice export volumes. Traditional items such as pepper and cardamom used to dominate the spice exports earlier. In value terms. 62. It was my day today.Wimbledon champion Serena Williams battled past China's Li Na 6-3 7-6 on Tuesday to reach the second round of the Stanford Classic. mint products had the highest share of 27% while its volume came to a meagre 4%. spice oils and oleoresins. The US still retains the top spot with 21% of the total value of the spices exported with all other major spice importing countries having a share below 10%. Tunisia's Olympic 1. Bangladesh etc. The country still has a major share in the high-valued mint products with a purchase of 5675 tonne. where she will be joined by sister Venus. California (Reuters) . Biedermann swam 3 minutes 40. Sri Lanka. "I had great opposition to push me to this world record. Spices Board has planned spice parks in an effort to follow this example. chilli accounted for 40% of the 4. mint products. Now Asia has started showing good results with our efforts. 6-2 6-3 victor over Canada's Stephanie Dubois.70.07 to beat Australian Thorpe's 2002 mark by one hundredth of a second. "It was a wonderful moment. spice oil and oleoresins and cumin. Pakistan.520-tonne spices exported in 2008-09 worth Rs 5300 crore.” Spices Board chairman VJ Kurian told ET. Biedermann smashes 400 freestyle world record ROME (Reuters) . Several Asian countries have been successful in re-exporting the spices imported from India in value-added form. Saudi Arabia and UAE in West Asia have been good buyers of Indian spices traditionally. But now their role has been taken over by chilli. Williams sisters power through to Stanford second round STANFORD. which have caused a raft of world records and are set to be banned from January. . the US and UAE have 11% each while Sri Lanka has 10% share. In terms of volume. 63. Around four years ago the total share of Asian countries in Indian spice export was at 35 % with East Asia having a marginal presence. with the latter having a share of 46% in 2008-09. Among the major spices. US’s dominance is limited to mainly to pepper. The increase in consumption has come from the Asian countries such as Malaysia. China. The value of chillies in the total export basket was 20%. In volume terms.500m champion Oussama Mellouli was second with China's Zhang Lin third. But China with an import of 5200 tonne is fast catching up." Biedermann told reporters." Thorpe retired before the full introduction of hi-tech swimsuits. “Asia and Latin America have been our focus areas.

expanding into mobile advertising and other products. "I was a little off. while Yahoo will be responsible for selling premium search ads for both companies. but noted that the partnership was good overall for the two companies.5 percent. "It was a great match to get my rhythm. . "She's really good and keeps improving over time. Yahoo reported income from operations of $13 million in 2008. 64. In 2007. I'd rather be a little off now and peak during the second week of the US Open. the 11-times grand slam champion showed more ambition in the tiebreaker and secured the contest when Li hit a backhand into the net. Microsoft Chief Executive Officer Steve Ballmer said the deal gives its new search engine. Yahoo." said Williams.5 million in goodwill impairment charge and $107 million in restructuring charges. who won Stanford titles here in 2000 and 2002. Shares of Microsoft edged higher. mixing and matching a net attack with some quick sprints from the baseline. Yahoo estimated the deal will boost its annual operating income by about $500 million and yield capital expenditure savings of $200 million. Microsoft." Second seed Venus did not have to break much of a sweat against Dubois. Yahoo also expects the deal to boost annual operating cash flow by about $275 million.Microsoft Corp and Yahoo Inc inked a 10-year Web search deal to better compete against market leader Google Inc but stopped short of combining their display advertising businesses. hit a lot of balls and work on my shots. Yahoo shares fell 7. Microsoft's Bing search engine will be the exclusive algorithmic search and paid search technology for Yahoo's sites. said it will focus on its portfolio of websites. analyst at RBC Capital Markets. Under the deal announced on Wednesday. said some people will be disappointed that Microsoft did not give Yahoo a big upfront payment. Ross Sandler. hurt by $487. while Google shares fell 1 percent. meanwhile. Bing.Top seed Serena jumped out to a 6-3 5-2 lead behind some razor-sharp groundstrokes before the hard-hitting Li fought back to force a tiebreaker. Yahoo in 10-year Web search partnership SAN FRANCISCO/SEATTLE (Reuters) . as some investors were disappointed by the limited scope of the deal." Serena said of her Chinese opponent. the scale needed to attract more users and advertisers. However. operating income was $695 million.

The deal combines the number two and number three players in the U. News of Apple and the label's plan was first reported by the Financial Times. The partnership between Apple and the music labels is tinged with irony as it was the technology company that effectively marked the end of the multitrack album format in 2003. traditional album liner notes. and other interactive extras as part of a premium-priced package. . and it will combine them with its own search technologies. tablet PC: sources NEW YORK (Reuters) . they said.The major music labels are planning a new digital album format that will debut with a tablet-like personal computer from Apple Inc in September.Under the deal.S. Apple declined to comment. people familiar with the plans said on Monday. when it opened up its iTunes Music Store. The labels. Vivendi's Universal Music Group and Warner Music Group had planned to roll out the new album format to all digital retailers this November. market for Internet search and positions them to better compete with Google. But Apple decided to design its own version of an interactive album. saying the company does not respond to rumors and speculation. Each company will maintain its own separate display advertising business and sales force. 65. Apple working on digital albums. the sources said. The Apple album project has been code-named 'Cocktail' and the format is expected to work with other Apple devices like the iPhone and iPod.S. The music industry first proposed the idea of an enhanced album format to Apple in 2007. Microsoft will compensate Yahoo through a revenue-sharing agreement and pay traffic acquisition costs (TAC) to Yahoo at an initial rate of 88 percent of search revenue generated on Yahoo sites in the first five years. which has an estimated 65 percent share of the U. search market. Sony Corp's Sony Music Entertainment. according to two people who said the labels have been separately working on a project code- named "CMX". Industry sources said Chief Executive Steve Jobs would likely unveil the new device at an Apple event in September. music videos. Microsoft will acquire an exclusive 10-year license to Yahoo's core search technologies. The labels are attempting to revive the multi-track album format with new software that packages songs. including EMI Group. which is expected to be launched with its new unnamed tablet-like device this fall.

which could feature extras like interviews with the artist while making the album. energy and the environment without setting firm goals.S. renewable energy. and China sign memorandum on climate change WASHINGTON (Reuters) .All music companies have seen their revenues plummet as fans who buy music online choose the 99 cent-priced track they want rather than invest in an album which is typically priced around $8 to $10. including energy efficiency. Chinese state counselor Dai Bingguo said both countries faced severe challenges posed by climate change and Beijing was committed to cooperating with Washington. smart grid technologies.The United States and China. and research and development. the world's largest emitters of greenhouse gases. The memorandum listed 10 areas of cooperation. electric cars. which must show. until China also agrees. Some in the United States argue Washington should not agree to specific reductions in industrial emissions. Chinese and U. Insiders said there is early evidence from current bundling experiments than fans are prepared to spend more for high quality content. The document. 66. in the run-up to the Copenhagen meeting. released by the State Department. would be sold at a higher price than digital albums now. signed an agreement on Tuesday that promises more cooperation on climate change.S. officials signed the memorandum of understanding at the State Department following two days of high-level economic and strategic talks. which could boost energy prices. 67. The new interactive format. Starbucks Selects Unisys for Data Center Outsourcing Services in China Unisys to use global ITIL delivery framework to standardize and simplify IT management and reduce costs for Starbucks` growing China business SHANGHAI--(Business Wire)-- . cleaner use of coal. did not set any firm targets but reiterated support for a 10-year cooperation deal signed last year by the Bush administration and created a new climate change policy "dialogue" which would meet regularly. it is serious about reducing emissions. U. But others say China already has taken more concrete steps than the United States.

and software image and voice systems management services delivered from the Unisys Global Services Center in Shanghai. "(Ronaldo) confirmed that he made an agreement with the Iranian director to make the film in the Palestinian territories. . support centers and manufacturing facilities in China since 2007. and security services to support Starbucks` expansion into international markets. The new deal enables Starbucks to simplify its IT management by working with one vendor for both service desk and data center support. The contract expands the existing relationship between Unisys and Starbucks in simplify and standardize IT management to support Starbucks China. 68. The three times FIFA World Player of the Year's part will be filmed when Corinthians plays a friendly "Peace match" against fellow Brazilian team Flamengo at a Palestinian venue on September 15. Under the two-year contract. Unisys will continue to draw on its global experience working with Starbucks ." a spokesman for the Brazilian club Corinthians told Reuters. Unisys will provide systems management. which are designed to improve both service delivery efficiency and quality. Brazil's Ronaldo gets part in film in Middle East RIO DE JANEIRO (Reuters) . to stay on for a few days after the friendly to film his scenes. processes and standards . The film is based on the true story of a young girl who was good at soccer and idolized Ronaldo. Unisys has provided end-user support services. Unisys received a five-year global contract in 2006 for a range of data center support. to Starbucks retail stores. including service desk and nationwide infrastructure support services.including proven global systems. The Unisys data center services delivery model is aligned to the internationally recognized Information Technology Infrastructure Library (ITIL) set of practices and policies for IT service management.Brazilian soccer player Ronaldo will take part in a film about a Palestinian girl who hoped to meet him but was killed by a land mine before she could fulfill her dream. Corinthians have authorized Ronaldo. network and server monitoring. a World Cup winner with Brazil 2002.Unisys Corporation (NYSE: UIS) today announced that Starbucks Corporation (Nasdaq: SBUX) has selected Unisys to provide data center outsourcing services to support the global coffee company`s continued expansion in China. his club said Sunday. network management. asset tracking. She died after losing a leg when she stepped on a land mine in southern Lebanon.

is not ruling out selling Opel back to U. The Organization for Security and Cooperation in Europe said the poll met international standards. FACTBOX: Facts about ex-Soviet republic Moldova (Reuters) . with which it shares a linguistic and historic heritage.5 million. RHJ's chief executive told a German newspaper on Sunday. The newspaper said Fischer was explicitly not ruling out the option of selling Opel. RHJ and Canada's Magna submitted bids to acquire Opel on July 20. Transdniestria. The film. Leonhard Fischer. will be shot in Lebanon. a United Nations ambassador. German Chancellor Angela Merkel has said Magna was Germany's preferred partner for Opel. at the same time as most Soviet republics in the aftermath of the failed hardline coup against Kremlin leader Mikhail Gorbachev. visited handicapped children on a day trip to Ramallah on the West Bank and to Tel Aviv in 2005. . The ruling Communists won a parliamentary election on April 5. broke away in 1990 and the two sides fought a brief war in 1992 after the collapse of Soviet rule. a sliver of land in the east populated mainly by Russian speakers.Ronaldo. "Let us be pragmatic. told Frankfurter Allgemeine Sonntagszeitung. RHJ won't rule out selling Opel back to GM: report FRANKFURT (Reuters) . based mostly in Germany. It has a population of about 4. produced by Iranians Mansur Sohrabpour and Mohammad Latif." the CEO of the Belgian private- equity firm. with young militants alleging vote-rigging and demanding an end to eight years of communist administration. (Reporting by Marilyn Gerlach.RHJ International. parent General Motors after returning it to health. It won't work without General Motors. 69. But the outcome led to violent protests in the capital Chisinau. 1991. Following are some key details about Moldova: Moldova is a former Soviet republic that declared independence on August 27. a bidder for carmaker Opel.Moldova holds an early election on July 29 after outgoing President Vladimir Voronin dissolved parliament following its failure twice to endorse his choice of successor in the aftermath of an April election to the assembly. to GM after RHJ had completed its restructuring of the ailing carmaker.S. editing by Will Waterman) 70. sandwiched between Ukraine and European Union member Romania.

which also led to 100 people being injured.Transdniestria. with an average monthly wage of about $270. China. Moldova is the poorest country in Europe. Chen Guojun. the South China Morning Post said. the Hong Kong-based Information Center for Human Rights and Democracy said on its website. home to much of the country's industry. a human rights group said. has been forcing its mammoth steel sector to slim down and consolidate. while Tonghua's retired workers received as little as 200 yuan a month. but its plans have generally met with resistance.000) last year.its wines are popular in the region.000 disgruntled Chinese steel workers clashed with riot police in protest over a takeover deal. with many local governments anxious to preserve their own sources of revenue. 2009 9:01am EDT BEIJING (Reuters) . Jianlong. 71. adding that they dispersed late at night after Chen's death. the South China Morning Post said on Sunday. Moldova is willing to give it autonomy. . resulting in the death of an executive from another steel company. Discontent over inequality and unemployment amid the economic downturn has triggered social frustration in China. Its economy is driven by agricultural production -. Friday's clash happened in the northeast province of Jilin. Tonghua's workers blocked highways and smashed three police vehicles in Tonghua city on Friday afternoon. Thousands of China steel workers clash with police Sun Jul 26. who was in his 40s. but not a member of the NATO military alliance. the general manager of Jianlong. which temporarily controlled Tonghua last year. It relies heavily on Russia for its energy resources.Some 30. with many cases of riots by angry citizens. the world's top producer and consumer of steel. is attempting to buy Tonghua for the second time. A police officer from the Tonghua municipal public security bureau confirmed the riot and the death of Chen. according to the center. the center said. Moldova is part of the EU's Eastern Partnership and European Neighborhood Policy initiatives. the center said. Local television announced on Friday night that the deal would be shelved permanently. demands independence. News that Beijing-based Jianlong Steel Holding Company would buy a majority stake in state- owned Tonghua Iron and Steel Group triggered Friday's protest. was beaten to death by workers who were angry that Chen was paid about three million yuan ($440.

which will drag down China's international competitiveness seriously. Monopoly means corruption and low-efficiency.Formula One world champion Lewis Hamilton won the Hungarian Grand Prix on Sunday as McLaren roared back to the front after a slump of 10 races without success. Brawn lead Red Bull by 15. 73. driving the only Ferrari in the race after Brazilian team mate Felipe Massa suffered a serious head injury in qualifying.5 points behind Brawn's Jenson Button with seven races remaining. . many of China's coastal manufacturing companies are hit hard. With global trade stunted by economic crisis. State-owned enterprises are maintaining a strong foot-hold in monopolistic areas such as grain import and export. transportation. The fund is mainly channeled downwards to large-scale. petrochemicals. Australian Mark Webber finished third for Red Bull to go second in the championship. Kimi Raikkonen. was second in a return to what seemed like a vanished order after nine races dominated by Brawn and Red Bull.5 points in the constructors' standings. a majority of these companies are state-owned enterprises (SOEs). . SOEs. China's newly-added credit exceeded 7 trillion. Financial Crisis Makes China SOEs Emerge Strong HONG KONG. electric power. In the first half of 2009. these has shielded them from impacts of the global slump and help them retain huge revenues. The Chinese government has set aside 4 trillion yuan investment mainly for infrastructures and key project construction. and are striking down private enterprises using administrative measures and capital advantages. 72. also have a stomach for competitive sectors.In the wake of the financial crisis. a far higher level than normal. Hamilton and McLaren are winners again BUDAPEST (Reuters) . Button had a frustrating afternoon in the Hungarian heat. robustly- funded and administratively-privileged SOEs. leading to monopoly in all industries. Statistics show that these capitals mainly flowed to SOEs: abundantly-funded SMEs snatched money away from struggling private enterprises that are starving for funds. Monopolistic character shielded SOEs from market contraction. telecommunication. . while monopolizing some of the strategic industries. Chinese enterprises' performance on the international arena have caught wide attention. 18. the Briton struggling to get performance out of the car's tires and finishing seventh after starting eighth. July 26 /PRNewswire-Asia/ -. On the other hand. This will cause a recession of the market economy.

STANCHART SET TO BUY RBS’ SME BIZ HERE STANDARD Chartered is set to seal a deal to buy Royal Bank of Scotland’s retail and small and medium enterprises (SME) operations in India. The businesses on offer are a perfect strategic fit for StanChart. to be called Airtel Champions League Twenty20. and 10th of his career. Bharti to be title sponsor of Champions League T20 MOBILE services provider Bharti Airtel on Thursday picked up the title sponsorship of the upcoming Champions League T20 tournament for Rs 170 crore. the IPL was relocated to South Africa as its dates clashed with the general elections. and seeing the top two places filled by drivers whose title dreams had long disappeared.His unhappiness was only relieved by the retirement of Red Bull's Sebastian Vettel. which typically sees a spurt in advertising and promotional activity. said a dealmaker close to the negotiations. two people familiar with the development said. Officially. The economics work out to be higher than what real estate company DLF had paid IPL for title sponsorship. New Delhi and Hyderabad. his previous closest rival. DLF had bought IPL title sponsorship rights for Rs 200 crore for five years. which could cost the UK-based bank around $250 million. The Champions League is expected to generate high interest since two back-to-back T20 tournaments scheduled to be played in India did not work according to plans. 74. . The deal. China and Malaysia. which earns more than 70% of its income and over 80% of its operating profit from Asian operations. was the 24-year-old's first since China last October. with 12 teams competing for the honours. ESS. Bharti Airtel has signed the deal for a five-year term. This deal.” Bharti Airtel was also IPL-2’s co-presenting sponsor 75. which had paid a staggering $975 million to acquire rights of the league — its most expensive cricket acquisition — is obviously looking to recover costs from sponsors and advertisers. is likely to be announced in a fortnight. The tournament. and will be played across Bangalore. Bharti Airtel director marketing Shireesh Joshi said: “Combined with the success of the Twenty20 format and growing popularity of club cricket in India. It was his Mercedes-powered team's first podium finish of the year. may sweeten the pitch for ESS which is looking to now hard-sell the tournament to advertisers. It carries $6 million in award money. While last year’s T20 Champions league was called off because of the Mumbai terror attacks. Hamilton's victory. The 16-day league will have a total of 23 T20 matches. kicks off from October 8. media buyers say. 11. but for 59 matches. neither Bharti Airtel nor Champions League broadcast-rights holder ESPN Star Sports (ESS) commented on the deal size. 2009. Champions League — to be played in October — coincides with the festive season. Champions League is a great opportunity for us to partner.5 seconds ahead of 2007 champion Raikkonen.

Out of these 26 branches. due to regulatory constraints and the confidentiality of the process. which are taking place in London. may not figure in the sales agreement. post-deal THERE are also some HR issues in China and Malaysia that need to be addressed. RBS had put its retail and SME business in nine Asian countries on the block earlier this year. StanChart is likely to receive some of the branches in order to service retail customers. StanChart may get 19 branches. and may get another 18 from the deal. RBS has around 13 branches while StanChart has around 55.” said the RBS spokesperson. equities research and trading. Stan- Chart is keen on ABN Amro because of its one-million customers. the gain would be minimal for Stan-Chart. the premium banking service offered by ABN Amro to high net worth individuals. The portfolio in China is a mix of more wealth and commercial banking. which is selling the bank’s Asian units. cash and trade business and private banking business.” “The sale process of the retail and commercial assets in Asia has advanced well.500 crore. however. Losses and provisions in these business for the last calendar year stood at around $160 million (around Rs 770 crore). where RBS has four branches. however. with its 70% ownership of RBS. RBI may take a lenient approach this time around. The transfer of branch licences. as most of its income comes from emerging markets in Asia and Africa. as you would expect. which continue to run under the ABN Amro brand name pending regulatory approval. Both the banks have kept RBI informed about the due diligence and sale process. The talks. we will not comment on any individual bidders or elements of the transaction process until its completion. In Malaysia. Despite losses. around 10 are in cities where StanChart does not have operations.800 crore. . Current discussions relate to the extent of the losses that RBS will fund in the next 12 to 18 months. the bank may need more branches. The StanChart spokesperson said: “We always look at opportunities in our footprint markets but. In some of the other locations. An earlier proposal by RBS to sell 26 of its 31 branches in India had to be shelved because RBI refused to transfer branch licences. StanChart may get only around five or six of these branches if the regulators approve the takeover. In China. M&A. said a senior bank executive. It is also interested in Van Gogh. corporate banking. we don’t comment on any specific opportunities we may be looking at. markets and treasury. will account for a bulk of the consideration. of which the retail portfolio is around Rs 6. StanChart currently has the largest number of branches in the country at 90. The retail and SME portfolio under the ABN brand in India is around Rs 11. The Indian operations of RBS. Given the fact that it is the UK government. may conclude by early next week. StanChart is one of the few banks to have been relatively insulated from the global financial crisis. as ABN’s existing branches are far from Stan-Chart’s. The business RBS will continue to do in India include wholesale debt and debt capital market business.