A. Explain the Iollowing macroŴeconomic indicators` (in limited words).

Track the
major trends over the past Iew years and highlight the reasons Ior the same
according to your understanding (in limited words).
1. ross Domestic Product (Annual DP Iigures Ior the past 5 years)
Ans:-
ross domestic product (DP) reIers to the market value oI all Iinal goods and
services produced within a country in a given period.
India`s DP growth in last Iive years:-
2007 9.40°,
2008 7.30°
2009 5.40°
2010 7.20°
2011 7.80° In the Iirst quarter oI 2011

Around 2009 the our DP Iell because oI global recession then it started
recovering signs in the end oI 2009 and beginning 2010. Now DP looks stable
around 8° but our dream oI double digit growth is still a IarIetched dream.




2. InIlation (For the past 2 years)
Ans:- InIlation is a rise in the general level oI prices oI goods and services in an economy
over a period oI time.

i. Wholesale Price Index
The Wholesale Price Index or WPI is the price oI a representative basket oI wholesale goods.
Some countries use the changes in this index to measure inIlation in their economies, in
particular India The Wholesale Price Index Iocuses on the price oI goods traded between
corporations, rather than goods bought by consumers.

Considering WPI base year 2004-2005 price 100 wholesale price index oI all commodities in
India Ior year 2009 and 2011 according to Iinancial years is :-
Financial
Year
2010-
2011
2009-
2010
Index 143.32 130.81

Wholesale price index indicates consistent increase in price due to general inIlation and increase
in global crude price.



ii. Consumer Price Index
A consumer price index (CPI) measures changes in the price level oI consumer goods and
services purchased by households. It deals with prices oI good bought by consumers rather than
corporations.

Consumer Price Index (CPI) in India comprises multiple series classiIied based on diIIerent
economic groups. There are Iour series, viz the CPI UNME (Urban Non-Manual Employee), CPI
AL (Agricultural Labourer), CPI RL (Rural Laborer) and CPI IW (Industrial Worker). While the
CPI UNME series is published by the Central Statistical Organization, the others are published
by the Department oI Labour

Example Industrial workers
2009-10 2010-11
163 180

The overall consumer price index:-
2009 - 5.50°
2010 - 4.90°

The Iigures show general increase in price level Ior consumer goods it`s because oI same reasons
oI general inIlation as well as increase in global prices..

3. Index oI Industrial Production (For the past 2 years)
Ans: IIP (Index oI Industrial Production) denotes the total production activity that happens in the
country during a particular period as compared to a reIerence period. It helps us to understand
the general level oI industrial activity in the economy. In case oI India the base year has been
Iixed to 2004-2005.
IIP
Base
Value
2008-
09
2009-
10
2010-
11
eneral Index 100 145.2 152.9 165.4



The Iigures above shows increase in industrial production output consistently. Consistent
increase IIP is because oI consistent increase in buying capacity oI people and more demand post
recession.












4. External Balances (For the past 5 years)

i. Exports ii. Imports

Year /
Month
Exports(Crores)
Aggregate Oil Non-oil
1 2 3
2005-
06 4,56,418 51,533 4,04,885
2006-
07 5,71,779 84,520 4,87,259
2007-
08 6,55,864 1,14,192 5,41,672
2008-
09 8,40,755 1,23,398 7,17,357
2009-
10 8,45,534 1,32,899 7,12,635
2010-
11
11,18,823
.. ..



Trade balance
Year /
Month
Trade Balance (Crores)
Aggregate Oil Non-oil
1 2 3
2005-
06 -2,03,991 -1,43,107 -60,884
2006-
07 -2,68,727 -1,74,052 -94,675
2007-
08 -3,56,448 -2,06,463 -1,49,985
2008-
09 -5,33,680 -2,96,570 -2,37,111
2009-
10 -5,18,202 -2,78,750 -2,39,452
2010-
11
-4,78,046
.. ..



Year /
Month
Imports(Crores)
Aggregate Oil Non-oil
1 2 3
2005-
06 6,60,409 1,94,640 4,65,769
2006-
07 8,40,506 2,58,572 5,81,935
2007-
08 10,12,312 3,20,655 6,91,657
2008-
09 13,74,436 4,19,968 9,54,468
2009-
10 13,63,736 4,11,649 9,52,087
2010-
11
15,96,869 4,63,008 11,33,861
Oil Iorms major part oI our import. Continuous increases in global crude oil price cause our
imports to be very high. India`s appetite Ior oil, machinery and electronic goods has soared to
sustain the momentum oI the world`s second Iastest growing major economy aIter China.



4. BSE Sensex & NSE NiIty (For the past 10 years)
Sensex :-
The Bombay Stock Exchange SENSEX (stands oI sensitive and index) also reIerred to as BSE 30
is a Iree-Iloat market capitalization-weighted index oI 30 well-established and Iinancially sound
companies listed on Bombay Stock Exchange.
The SENSEX was Iirst Iormed on 1-1-1986 and used the market capitalization oI the 30 most
traded stocks oI BSE. The base was 1979 and taken as 100. The 30 scrips oI 1986 and no more
the same - some have been removed while some have been added. At irregular intervals, the
Bombay Stock Exchange (BSE) authorities review and modiIy its composition to make sure it
reIlects current market conditions.

30 October 2006 The SENSEX on October 30, 2006 crossed the magical Iigure oI 13,000 and
closed at 13,024.26 points, up 117.45 points or 0.9°. It took 135 days Ior the SENSEX to move
Irom 12,000 to 13,000 and 123 days to move Irom 12,500 to 13,000.
5 December 2006 The SENSEX on December 5, 2006 crossed the 14,000-mark to touch 14,028
points. It took 36 days Ior the SENSEX to move Irom 13,000 to the 14,000 mark.
6 1uly 2007 The SENSEX on July 6, 2007 crossed the magical Iigure oI 15,000 to touch 15,005
points in aIternoon trade. It took seven months Ior the SENSEX to move Irom 14,000 to 15,000
points.
19 September 2007 The SENSEX scaled yet another milestone during early morning trade on
September 19, 2007. Within minutes aIter trading began, the SENSEX crossed 16,000, rising by
450 points Irom the previous close. The 30-share Bombay Stock Exchange's sensitive index took
53 days to reach 16,000 Irom 15,000. NiIty also touched a new high at 4659, up 113 points.
The SENSEX Iinally ended with a gain oI 654 points at 16,323. The NSE NiIty gained 186
points to close at 4,732.
26 September 2007 The SENSEX scaled yet another height during early morning trade on
September 26, 2007. Within minutes aIter trading began, the SENSEX crossed the 17,000-mark.
Some proIit taking towards the end saw the index slip into red to 16,887 - down 187 points Irom
the day's high. The SENSEX ended with a gain oI 22 points at 16,921.
9 October 2007 The BSE SENSEX crossed the 18,000-mark on October 9, 2007. It took just 8
days to cross 18,000 points Irom the 17,000 mark. The index zoomed to a new all-time intra-day
high oI 18,327. It Iinally gained 789 points to close at an all-time high oI 18,280. The market set
several new records including the biggest single day gain oI 789 points at close, as well as the
largest intra-day gains oI 993 points in absolute term backed by Irenzied buying aIter the news oI
the UPA and LeIt meeting on October 22 put an end to the worries oI an impending election.
15 October 2007 The SENSEX crossed the 19,000-mark backed by revival oI Iunds-based
buying in blue chip stocks in metal, capital goods and reIinery sectors. The index gained the last
1,000 points in just Iour trading days. The index touched a Iresh all-time intra-day high oI
19,096, and Iinally ended with a smart gain oI 640 points at 19,059.The NiIty gained 242 points
to close at 5,670.
29 October 2007 The SENSEX crossed the 20,000 mark on the back oI aggressive buying by
Iunds ahead oI the US Federal Reserve meeting. The index took only 10 trading days to gain
1,000 points aIter the index crossed the 19,000-mark on October 15. The major drivers oI today's
rally were index heavyweights Larsen and Toubro, Reliance Industries, ICICI Bank, HDFC
Bank and SBI among others. The 30-share index spurted in the last Iive minutes oI trade to Ily-
past the crucial level and scaled a new intra-day peak at 20,024.87 points beIore ending at its
Iresh closing high oI 19,977.67, a gain oI 734.50 points. The NSE NiIty rose to a record high
5,922.50 points beIore ending at 5,905.90, showing a heIty gain oI 203.60 points.
8 1anuary 2008 The SENSEX peaks. It crossed the 21,000 mark in intra-day trading aIter 49
trading sessions. This was backed by high market conIidence oI increased FII investment and
strong corporate results Ior the third quarter. However, it later Iell back due to proIit booking.
13 1une 2008 The SENSEX closed below 15,200 mark, Indian market suIIer with major
downIall Irom January 21, 2008
25 1une 2008 The SENSEX touched an intra day low oI 13,731 during the early trades, then
pulled back and ended up at 14,220 amidst a negative sentiment generated on the Reserve Bank
oI India hiking CRR by 50 bps. FII outIlow continued in this week.
2 1uly 2008 The SENSEX hit an intra day low oI 12,822.70 on July 2, 2008. This is the lowest
that it has ever been in the past year. Six months ago, on January 10, 2008, the market had hit an
all time high oI 21206.70. This is a bad time Ior the Indian markets, although Reliance and
InIosys continue to lead the way with mostly positive results.
6 October 2008 The SENSEX closed at 11801.70 hitting the lowest in the past 2 years.
10 October 2008 The SENSEX today closed at 10527, 800.51 points down Irom the previous
day having seen an intraday Iall oI as large as 1063 points. Thus, this week turned out to be the
week with largest percentage Iall in the SENSEX
18 May 2009 AIter the result oI 15th Indian general election SENSEX gained 2100.79 points
Irom the previous close oI 12173.42, a record one-day gain. In the opening trade itselI the
SENSEX evinced a 15° gain over the previous close which led to a two-hour suspension in
trading. AIter trading resumed, the SENSEX surged again, leading to a Iull day suspension oI
trading.
19 October 2010 BSE introduced the 15-minute special pre-open trading session, a mechanism
under which investors can bid Ior stocks beIore the market opens. The mechanism, known as
'pre-open session call auction', lasted Ior 15 minutes (Irom 9:00-9:15 am).
|7|

5 November 2010 BSE SENSEX crossed the 21000 mark (exactly 21004.96).

27 December 2010 BSE SENSEX is at 20,028.93.

NSE NiIty
National Stock Exchange of India (NSE) is India´s largest Stock Exchange & World´s third
largest Stock Exchange in terms of transactions. NSE has set up its trading system as a nation-
wide, fully automated screen based trading system.
NIFTY is an Index computed Irom perIormance oI top stocks Irom diIIerent sectors listed on
NSE (National stock exchange). NIFTY consists oI 50 companies Irom 24 diIIerent sectors.
NIFTY stands Ior National Stock Exchange`s FiIty. The companies which Iorm index oI NIFTY
may vary Irom time to time based on many Iactors considered by NSE. NIFTY is Ior NSE
similarly SENSEX is Ior BSE


6. Foreign Direct Investment (For the past 5 years)

India has been ranked at the second place in global Ioreign direct investments in 2010 and will
continue to remain among the top Iive attractive destinations Ior international investors during
2010-12 , according to United Nations ConIerence on Trade and Development (UNCTAD) in a
report on world investment prospects titled, 'World Investment Prospects Survey 2009-2012'.
India attracted FDI equity inIlows oI US$ 1,274 million in February 2011. The cumulative
amount oI FDI equity inIlows Irom April 2000 to February 2011 stood at US$ 128.642 billion,
according to the data released by the Department oI Industrial Policy and Promotion (DIPP).
O ShapoorjiPallonji roup has Iloated a US$ 500 million PE Iund, mainly Iocused on real
estate, marking its return to the Iinancial services industry.
O Caparo Energy India, wholly-owned subsidiary oI Caparo Energy, owned by the UK-
headquartered diversiIied Caparo roup Irom the lineage oI Swraj Paul, is understood to
have mandated investment bankers to raise US$150 million through the PE route. The
company, which is into wind power generation in India, is putting in place an aggressive
expansion plan.
O Jyothy Laboratories is likely to partner with global PE specialist Apax Partners Ior a
US$100 million Iunding to unite the acquisition oI Henkel`s India business.
O Private equity giant Warburg Pincus India is investing US$ 100 million in Chennai-based
logistics Iirm Continental Warehousing Corporation (NhavaSeva) Ltd, a Ilagship
company oI the NDR roup.
O US-based VMware Inc., the world`s biggest maker oI virtualization soItware, is looking
to increase investments in India, chieI executive Paul Maritz stated. The company
invested US$ 100 million in India between 2008 and 2010 and has 230 partners in the
country Ior its cloud and virtualization services.
O Chennai-based VasanEyecare plans to raise about US$ 100 million Irom PE Iunds,
chairman C M Arun said. The Iund will be used to add 55 eyecarecentres and 20 dental
clinics nationally in 2011.
O Jaipur based regional Iund Rajasthan Venture Capital Fund (RVCF) has invested US$ 3.4
million in PR Packagings Limited (PRP), a packaging company in Faridabad. The
Iunding is part oI its US$ 33.73 million SME Tech Fund targeted at investing in
emerging small and medium enterprises.


7. Foreign Institutional Investment (For the past 5 years)
The term Ioreign institutional investment denotes all those investors or investment companies
that are not located within the territory oI the country in which they are investing.

These are actually the outsiders in the Iinancial markets oI the particular company. Foreign
institutional investment is a common term in the Iinancial sector oI India.

The type oI institutions that are involved in the Ioreign institutional investment are as Iollows:
O Mutual Funds
O Hedge Funds
O Pension Funds
O Insurance Companies
Recent happenings :-
O Fast DP growth has made India a preIerred destination Ior Ioreign investors post the
2008 Iinancial crisis. In 2010 itselI, India attracted nearly US$ 30 billion oI net Ioreign
inIlows, which was just under 50 per cent oI all inIlows into emerging Asian markets,
excluding China
O FII Trading Activity - Rising Investments in equity and debt markets Foreign investors
have invested Rs 6,460 crore (US$1.45 billion) in Indian stock markets in just Iive
trading sessions oI July 2011 and the trend is expected to continue, according to analysts
O In the Iirst six months oI 2011, overseas investors inIused around Rs 17,000 crore
(US$3.82 billion) into the Indian market, including stocks and bonds. In the same period,
FIIs made investments oI Rs 9,948 crore (US$2.23 billion) in the debt market, with
investments in stocks being Rs 2,670 crore (US$ 599.79 million)
O FIIs bought equities and debt securities worth Rs 26,004 crore (US$ 5.84 billion) till July
10, 2011, according to the data available with market regulator Securities and Exchange
Board oI India (SEBI).
O The number oI FIIs registered with SEBI increased Irom 1,718 as oI December 31, 2010,
to 1,730 as oI July, 2011. Moreover, the number oI registered sub-accounts has risen
Irom 5,503 in December 31, 2010 to 5,898 currently

overnment Initiatives
O SEBI has said that it has relaxed the reporting norms Ior FIIs coming to India.These
reporting guidelines pertain to the lending oI securities as part oI short-selling. Till now,
the FIIs were supposed to disclose their inIormation on a daily basis. AIter the relaxation,
they need to do it on a weekly basis.
O SEBI has allowed FIIs to invest US$25 billion a year in bonds issued by inIrastructure
companies as against the previous limit oI US$5 billion. FIIs can now invest US$40
billion annually in corporate bonds.
O The Policy uidelines on phase III expansion oI private FM radio services, approved by
the Cabinet, have raised the aggregate cap on FII to 26 per cent Irom the existing 20 per
cent. Allowing 26 per cent will encourage Ioreign investors to invest as it gives them
more leeway to participate actively in management, according to TarunKatial, ChieI
Executive OIIicer, Reliance Broadcast Network Ltd

Both Ioreign direct investment and Ioreign institution investment generates Ioreign currency in
India which will to obtain better balance oI trade and balance oI payment Iigures in our country.




























8. Repo & Reverse Repo Rates (For the past 2 years)
When banks have any shortage oI Iunds, they can borrow it Irom Reserve Bank oI India or Irom other
banks. The rate at which the RBI lends money to commercial banks is called repo rate.

The Reverse repo rate is the rate at which the banks park surplus Iunds with reserve bank. Its rate
which RBI gives interest to commercial bank.

Chronology oI reverse repo rates and repo rates
Dates
Reverse Repo
Rate Repo Rate
26-07-
2011 7 8
16-06-
2011 6.5 7.5
03-05-
2011 6.25 7.25
17-03-
2011 5.75 6.75
25-01-
2011 5.5 6.5
02-11-
2010 5.25 6.25
16-09-
2010 5 6
27-07-
2010 4.5 5.75
02-07-
2010 4 5.5
20-04-
2010 3.75 5.25
19-03-
2010 3.5 5
21-04-
2009 3.25 4.75
04-03-
2009 3.5 5
02-01-
2009 4 5.5
08-12-
2008 5 6.5


The repo rates and reverse repo rates were increased to reduce the liquidity Irom market also as a
measure to control inIlation. But it can give rise to reduction oI growth.




9. Fiscal DeIicit & Current Account DeIicit (For the past 5 years)
Fiscal deIicit is the diIIerence between what the government spends and what it earns. It is
expressed as a percentage oI DP.

Due to rising inIlation and increasing in government spending our Iiscal deIicit is increasing
continously with no signs oI reducing. This is also due to burden spiralling international prices.
Also subsidies provided by government are one oI the reasons Ior Iiscal deIicit.
Current account deIicit:-
Occurs when a country's total imports oI goods, services and transIers is greater than the
country's total export oI goods, services and transIers. This situation makes a country a net
debtor to the rest oI the world.

India's current account deIicit may worsen to 3.5° in Iiscal 2011 and 4.0° in Iiscal 2012 oI
gross domestic product on widening trade account deIicit.
In 2009-10, the current account deIicit was 2.9° oI gross domestic product.
Though monthly trade deIicit has been reducing aIter growth in exports have rebounded and
imports have moderated, the trend is not likely to sustain as global commodity prices are edging
up.



B. IdentiIy the Iollowing major M&A transactions in the recent past and Iill the
details.
Mergers & Ac
Companies Deal Size
Industr
y
Reason
s Source
1 Igate and
Patni
iATE a majority stake oI
approximately 83° in Patni
Computer Systems.
$1. 22
billion (Rs
5,560 ) IT
To
expand
their
market

presenc
e to
compet
e
with
bigger
compa
nies
like
TCS
and
InIosys
www.dnaindi
a.com
2 Abbott
and
Piramal
Abbott India has acquired
Piramal 's Healthcare Solutions
business (Domestic
Formulations) Ior an up-Iront
payment oI USD 2.12 billion and
an additional USD 400 million
annually Ior the next Iour years
$2.2
billion up-
Iront
payment
with
additional
payments
oI $400
million
annually
Ior the
next Iour
years
Health
Care
Pirama
l's
portIoli
o oI
well-
known,
trusted
product
s has
served
patient
s in
India
Ior
decade
s.

Combi
ned
with
existin
g
www.abbott.
com
product
oIIerin
gs,
Abbott
is
uniquel
y
positio
ned to
meet
the
needs
oI one
oI the
world's

Iastest-
growin
g
pharma
ceutica
l
market
s
3 Hero
roup and
Honda
Hero group buys Honda`s 26 per
cent stake in HHML at Rs 739.97
per share
Rs
3841.83
Crore
Motocy
cle
Hero
Honda
will be
able to
export
its
product
s
across
the
globe
and can
look
Ior
manuIa
cturing
opport
unities
oversea
s.Besid
es, the
two-
www.thehind
ubusinessline
.com
wheele
r major
is Iree
to set
up its
own
R&D
capabil
ities
and
acquire
technol
ogy.
4 Reliance
and BP
.$7.2-billion deal that BP Plc
struck with Reliance Industries
Ltd (RIL) in February under
which Europe`s second-largest
energy giant will acquire a 30 per
cent participating interest in 21
oil blocks that Mukesh Ambani`s
Ilagship operates in India

$20 billion
deal
Petrole
um and
oil
Relianc
e will
be able
to draw
on
BP`s
experti
se in
deepwa
ter
explora
tion to
resolve
the
glitche
s that
have
led to a
decline
in gas
product
ion
Irom
the
K-D6
block
to
about
48
million
standar
d cubic
www.telegra
phindia.com
metres
per day
(mmsc
md)
Irom
61.5
mmsc
md.
5 JSW
Steel &
Ispat
JSW Steel said it has acquired
3.77 per cent stake Ior Rs 200.11
crore in Ispat Industries through
the open oIIer, thereby increasing
its total stake in the company to
49.3 per cent.
Rs 200.11
Crore
JSW
Steel
will
want to
merge
the
compa
nies to
get Iull
manag
ement
control
on
Ispat's
operati
ons and
to
make
use oI
the tax
beneIit
s which
Ispat
has
www.indiane
xpress.com
accum
ulated
by way
oI
carry
Iorwar
d
accum
ulated
losses.
The
accum
ulated
losses
are
around
Rs
8000
crores
which
could
have
the tax
savings
oI
close to
Rs
2500
crores.
Internation
al Deals
1 KraIt
Foods and
Cadbury
KraIt Ioods took over cadbury
Ior $19Billion
$ 19
Billion
Food
Industr
y
(FMC
)
For
KraIt,
the
deal
oIIers a
chance
to
expand
its
Iootpri
nt in
emergi
ng
market
s and
www.nytimes
.com
in
higher-
growth
sectors
like
gum
and
candy.
2 Johnson
& Johnson
and
Synthes
Johnson & Johnson , the
world`s most comprehensive and
broadly-based manuIacturer oI
health care products aquired
Synthes, a premier global
manuIacturer oI orthopaedic
devices Ior CHF159 per share,
or $21.3 billion.
$21.3
billion
Health
Care
Synthe
s and
the
DePuy
Compa
nies oI
Johnso
n &
Johnso
n
togethe
r will
compri
se the
largest
busines
s
within
the
Medica
l
Device
s and
Diagno
stics
segmen
t oI
Johnso
n &
Johnso
n.ePuy
oIIers
one oI
the
most
diverse
orthopa
edics www.jnj.com
portIoli
os in
the
industr
y,
while
Synthe
s is
recogni
zed Ior
its
innovat
ions in
trauma,
spine,
cranio-
maxillo
Iacial
and
power
tools.
Togeth
er, the
compa
nies
will
oIIer
surgeo
ns and
patient
s a
unique
breadth
and
depth
oI
technol
ogy
and
service
worldw
ide to
meet
their
orthopa
edic
needs.
quisition (M&A) Deals
















C. List down the major happenings oI the Iollowing business houses in the past 6
months (atleast 2 events).
1. TATA roup
1st July 2011
a) Tata group's stock market wealth crossed the USD 100 billion mark, as some oI its companies
including IT giant TCS gained value despite an overall weak market.
The cumulative market capitalisation oI all the listed companies oI Ratan Tata-led salt-to-
soItware conglomerate today rose to Rs 4,47,351 crore, based on their share prices at the
Bombay Stock Exchange.
Taking into account RBI reIerence rate Ior one US dollar at Rs 44.5855, this translates into total
market valuation oI USD 100.33 billion Ior the Tata group.

b) India's Tata-owned Jaguar Land Rover has posted record annual proIit oI more than 1 billion
pound, powered by its luxury cars' sales in China and India.

The company reported pre-tax proIits oI 1.1 billion pound in the year to March 31, up Irom 15
million pound last year.

The increase has been driven by a huge rise in Jaguar and Land Rover sales in China and
emerging markets like India where the middle classes see the British cars as status symbols.

2. Reliance
a) $7.2-billion deal that BP Plc struck with Reliance Industries Ltd (RIL) in February under
which Europe`s second-largest energy giant will acquire a 30 per cent participating interest in 21
oil blocks that Mukesh Ambani`s Ilagship operates in India
b) Reliance Ventures Limited (RVL), a wholly owned
subsidiary oI Reliance Industries Limited, and InIrastructure Leasing and Financial
Services Limited (IL&FS) announced that they have entered into an agreement,
whereby IL&FS will become a strategic partner and co-promoter oI a project which
intends to develop a model economic township and other inIrastructure Iacilities at
Jhajjar, in Haryana.
This project is a spin oII Irom Reliance Haryana SEZ Ltd, which is a joint venture
between RVL and the overnment oI Haryana.
IL&FS will acquire a 45° equity interest in this new project company. RVL and
overnment oI Haryana will hold 45° and 10° respectively.


3. Aditya Birla roup
a) Aditya Birla roup had acquired a unit oI local chemicals maker Kanoria Chemicals &
Industries Ior Rs8.30 billion ($187 million) in an all-cash deal.
Aditya Birla Chemicals (India) Limited, a unit oI Aditya Birla roup, will buy the chloro
chemicals division oI Kanoria Chemicals to boost its production capacity, the company said in a
statement.
The deal will make Aditya Birla roup the country's largest producer oI chlor-alkali, a critical
input in the aluminium sector, the group's chairman Kumar Mangalam Birla said in a statement.
b) The Aditya Birla roup has acquired Domsjo Fabriker, a leading Swedish speciality pulp and
bio-reIinery company, through its global companies Thai Rayon Public Company (Thailand) and
Indo Bharat Rayon (Indonesia) Ior a consideration oI $340 million Irom a Swedish consortium oI
six individuals.
The acquisition oI Domsjo Fabriker, marks a signiIicant milestone Ior our pulp and Iibre
business. Its cutting edge technology and production process coupled with a state-oI-the-art bio-
reIinery, add signiIicant value to our pulp and Iibre operations. Its high quality pulp will enable
them to enhance the supply oI top quality premium viscose staple Iibre (VSF) to our customers

4. ITC
a) ITC hotels awarded as greenest luxury hotels chain in the world on 19 June 2011
b) Post-Tax ProIits oI Itc up 23°
Total Dividend oI ` 4.45 per share being awarded including a Special Dividend oI ` 1.65 per
share on the occasion oI the Company`s 100th Annual eneral Meeting.
Pre-tax proIit oI ` 1837 crores and Post-tax proIit oI ` 1281 crores represents a growth oI 22°
and 25° respectively.


5. Essar roup :-

a) CBI on Wednesday indicated involvement oI Essar group in the 2 spectrum scam when it
said in the Supreme Court that Loop, which got licence during the tenure oI A Raja, was its Iront
company.

B)Invested Rs 30,000 crore (Rs 300 billion) in ujarat Ior projects in various sectors, including
power and reIinery.
Essar roup is a major player in the port sector in ujarat.

Its ports and terminals business operates a crude oil and petroleum products terminal at Vadinar
in the state.

The group is also constructing a dry bulk port at Hazira and a coal jetty at Salaya, all in the state.

It also has a 14 MTPA petroleum reIinery at Vadinar which started commercial production on
May 1, 2008.
Besides, it also operates a 515 MW gas-based power plant at Hazira.

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