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XED NEWSLETTER … a weekly news bulletin

11 Pages 04th AUG 2011 – 10th AUG 2011 www.xedintellect.com

IN BRIEF
COVER STORY
INS AND OUTS OF CREDIT RATING AGENCIES
ECONOMIC INDICATORS
BSE SENSEX 17,130 10 gm Gold Price Rs 25,561 RS/$ 45.2 th (as on 10 Aug 2011)
PERSONALITIES OF THE WEEK

INDUSTRY ANALYSIS

NEWS DIGEST…
BUSINESS NEWS INTERNATIONAL NEWS MISCELLANEOUS NEWS

COMPILED BY

Recession 2011: India to pitch for rating upgrade ECONOMIC INDICATORS 2 INTERNATIONAL NEWS 9

Apple blocks Samsung from selling Galaxy in EU

'Working in posh, sterile offices bad for brain'

COVER STORY 3 PERSONALITIES OF THE WEEK 4 BUSINESS NEWS 5-8 MISCELLANEOUS NEWS 10 GENERAL AWARENESS 11

Twitter abuzz with S&P's Deven Sharma's US economy downgrade from AAA. 4. 8.TOP 10 HEADLINES OF THE WEEK 1.130 25. 2. for the first time. 3. it drops down the list and will be overtaken by Brazil. Facebook.561 How the world will use the internet in 2015 CISCO. sterile offices bad for brain'. 10. 127 mills employing 41. Indian companies doing business in Britain to fall under new Bribery Act. That year. Britain) will consume more gigabytes per month per person than America.9 versus 5. South Korea is and will be the world's most data-hungry country in Cisco's sample. Attrition is a blessing for ITeS companies. Asia will generate more traffic (24. the world‘s biggest maker of networking gear predicts that internet traffic will quadruple and reach 80. Even Canada and France (and. Yet if traffic figures are divided by population. 2011 Economy to Get a Boost to Power of 10 7.5 Exabyte‘s per month (80 Exabyte‘s would fill 20 billion DVDs) by 2015.3 Exabyte‘s per month)—although America still beats China (6. 9. Katrina Rules TV as Cricketers Lose Out. 2 .76 Stock Market Indices as on 10th Aug’11 BSE SENSEX Price of 10 Gram Gold Values 17. ECONOMIC INDICATORS Current Market Rates as on 10th Aug’11 Rupee/US Dollar Rupee/Euro Values 45.6 Exabyte‘s per month).20 64. Recession 2011: India to pitch for rating upgrade. a somewhat different (and more meaningful) picture emerges. 'Working in posh. 6. by 2015. As for China. 5.1 Exabyte‘s per month) than North America (22. Kingdom Holding Co signs deal with SaudiBin laden Group to build world's tallest tower. Bears and Bulls Fight it Out in Skittish Market. but remains way ahead of India.118 people shutdown in past 3 yrs: Govt.

An imminent sell-off though is unlikely but the times have sure become turbulent for the US. investment banks. or individual debt issue. issuers. the issuance may be undersubscribed or the price offered by investors may be too low for the issuer's purposes. For instance. which in a large number of cases has subsequently been downgraded or defaulted. without such a rating. And in more recent news. the value of these securities will fall and thus hurt them in the process. For investors. possibly opening themselves to undue influence or the vulnerability of being misled. simply because if they try and sell. And the US sure is not going to enjoy that. Higher rating means less probability of default and vice versa. sell. may hurt a company's expected earnings performance. What they do: A credit agency evaluates the credit worthiness of an issuer of specific types of debt.1tn of these securities. changes in the business climate can affect the credit risk of a wide array of issuers and securities. So it is in their interest that they continue holding on to these securities. Banking regulators can also allow banks to use credit ratings from certain approved CRAs when calculating their net capital reserve requirements. China holds around $1. The time could not have been better to get a peek into these credit rating agencies modus operandi and credibility. and governments to determine the likelihood that issuer will pay its bond obligations. But it seems unlikely as big countries are their major holders. broker-dealers. How credible they are: Large corporate rating agencies have been criticized for having too familiar a relationship with company management. Uses of rating: Credit ratings are used by investors. very safe financial securities. Investors (even countries) might kiss US Securities Good bye.INS AND OUTS OF CREDIT RATING AGENCIES US still seems to be in the hangover of losing its coveted AAA credit rating. Nor are they intended to signal the suitability of an investment. Credit Rating Agencies have made errors of judgment in rating structured products. Taking ratings at face value: While investors may use credit ratings in making investment decisions. In most cases. ratings are not indications of investment merit. It still is a safe haven for investors but if other rating agencies like Moody‘s and Fitch follow S&P‘s way. entity. In some cases. debt issued by a business enterprise such as a corporation or a government. Growing or shrinking debt burdens. Ratings agencies. beyond what might have been expected and factored into the ratings. 3 . US housing crisis is a stellar example of that. the agency doing so is not budging from its stance. Though the US considers the downgrading of its rating to AA+ a gross miscalculation.credit quality . Moody‘s came under sharp criticism from the European commission following the downgrading of Portugal‘s debt status to junk. Moody's and Standard & Poor‘s have also been implicitly allowed by governments to fill a quasi-regulatory role. the ratings are not buy. hefty capital spending requirements and regulatory changes may also trigger ratings changes. or a measure of asset value. particularly in assigning AAA ratings to structured debt. new competition or technology. a significant bond issuance must have at least one rating from a respected CRA(Credit Rating Agency) for the issuance to be successful. credit rating agencies increase the range of investment alternatives and provide independent. specifically. They speak to one aspect of an investment decision . Standard and Poor‘s analytical tools meant to evaluate credit worthiness of any Nation would have us believe that people holding US treasury bonds may have to tread cautiously in the market. which could lead to one or more rating downgrades over time. Why ratings change: The reasons for ratings adjustments vary. How things can go wrong: Some of the biggest investors in the world which include pension funds and mutual funds have a mandate to invest only in very. The commission claims that Moody‘s are guilty of making assumptions that Portugal might need a second bail-out based on their credit rating. So rather than depending upon their individual intellect they rely on these Rating agencies to tell them what is safe and what is not. The credit rating represents the credit rating agency's evaluation of qualitative and quantitative information of a company or government.which in some cases may include the view of what investors can expect to recover in the event of default. With the downgrade there is a fear that holders might sell off US securities. and may be broadly related to overall shifts in the economy or business environment or more narrowly focused on circumstances affecting a specific industry. In other words. in particular Fitch. easy-to-use measurements of relative credit risk. Moody‘s and S&P continued to give top ratings to mortgage-backed securities months after the housing market started to collapse only to worsen the financial crisis. or hold recommendations. including non-public information obtained by the credit rating agencies analysts.

In the wake of the subprime mortgage and credit crisis in 2007. degree in economics summa cum laude in 1948 and an M. have to accept that some of their activities contributed to the crisis. earning a bachelor's degree with honors in 1983. Objectivism: Association with Ayn Rand In the early 1950s. In 1977. current issues in the global economy. Future of Capitalism: Greenspan wrote a memoir titled The Age of Turbulence: Adventures in a New World. the head of Deutsche Bank's highly successful investment banking division based in London. including an essay supporting the gold standard. After having finished his studies there. Greenspan presided over the biggest stock market crash in Wall Street‘s history.D. under the tutelage of Arthur Burns. writing articles for Objectivist newsletters and contributing several essays for Rand's 1966 book Capitalism: the Unknown Ideal. he was quoted telling an audience with a refreshing honesty that ―Investment banks. the honour speaks volumes of his talent and ability.A. After three years. Early Life: Jain studied economics at University of Delhi's Shri Ram College of Commerce. including Deutsche Bank. degree in economics in 1950. Greenspan also noted. and future issues that face the global economy. He became one of the members of Rand's inner circle.‖ His peers admired his straightforward style. he started as an analyst in derivatives research at Kidder. Greenspan obtained a Ph. In 1945 Greenspan attended New York University where he earned a B. national monetary policy. 2000) and Knight Commander of the British Empire (2002). to ban such trading in deposit taking institutions. Greenspan stated that there was a bubble in the US housing market. (now part of UBS) where he worked from 1985 to 1988. published September 17. is set to take over the leadership of Germany's largest bank together with his management board colleague. the Ayn Rand Collective. In 2010. Jain ended this proprietary trading in Deutsche Bank even before the US Government mooted a proposal in 2010. At Columbia University. as well as the annual Business Leader Award from NASSCOM. "I really didn't get it until very late in 2005 and 2006. traded in stocks. Accolades: His honorary titles include Commander of the French Légion d'honneur (Legion of Honor. he joined Merrill Lynch in New York where he founded and led the securities industry‘s first dedicated hedge fund coverage group. During the 1950s and 1960s Greenspan was a proponent of Objectivism. In most cases. and as such was largely responsible for directing U. While at Deutsche Bank. his history in government and economics. Early Life: Greenspan attended George Washington High School from 1940 until he graduated in June 1943. He won Euromoney Magazine Capital Markets Achievement Award in 2003. Accolades: Anshu Jain received Risk Magazine Lifetime Achievement Award in 2010. Juergen Fitschen. As Fed chairman. he set interest rates. Greenspan discusses in his book. The successive lowering of interest rates by the Federal Reserve was seen as the reason of the subprime crisis. degree in economics from New York University. Peabody & Co. He played clarinet and saxophone. Alan Greenspan is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006 . among other things. He also holds an MBA in Finance from the University of Massachusetts Amherst.S. Before the 2008 crisis. warning in 2007 of "large double digit declines" in home values "larger than most people expect. many banks. just like regulators and governments. who read Atlas Shrugged while it was being written. the 1987 stock market crash. He is a 2005 recipient of the American Indian Foundation‘s Achievement Award for philanthropy and ongoing involvement in development. and bonds using their own money rather than that of the clients. Six months after taking the job. 4 . In 2006.S.PERSONALITIES OF THE WEEK ANSHUMAN JAIN: DYNAMIC DEMEANOR Anshuman Jain 48. he pursued advanced economic studies but dropped out. capitalism and other economic systems. currencies." However. 2007. ALAN GREENSPAN: THE UNDERTAKER Nick named by Ayn Rand ―The undertaker‖ because of his penchant for dark clothing and reserved demeanor." Time magazine placed him third on a list of 25 people to blame for the financial crisis. Greenspan began an association with famed novelist and philosopher Ayn Rand. Greenspan was awarded the Department of Defense Medal for Distinguished Public Service. He further studied clarinet at the Juilliard School from 1943 to 1944. As he sets to be the head of one of the most conservative (in cultural terms) global institutions. Jain stopped the practice of ―proprietary trading‖. investment banks borrowed money to engage in risky trading activity.

Ratings reflect the creditworthiness of countries and help investors understand better the risks their investments face.Standard and Poor's (S&P) and Fitch Ratings . Lakshmi said out of 127 mills closed. where those who have work experience of a few months to a few years are difficult to retain.positions that become vacant when an employee leaves -. Two of the world's top ratings agencies . Investors tracking stock prices on handhelds on way to work after an anxious weekend sensed that the turmoil may not end in a hurry.6 crore every year by preferring to hire "attrition backfills" -. S&P. a mid-sized product manufacturing company with an employee base of 3. 5) Bears and Bulls Fight it Out in Skittish Market-ET 09 Aug A world. had little time for the usual Monday morning blues.at junior levels. According to accounting professionals and lawyers who gathered here over the weekend to discuss the implications of the law on domestic firms. which is monitoring the market. Dalal Street dropped more than 500 points and then went for a scary rollercoaster ride. the lowest investment grade. and if this resulted in loss of business to British companies or interests. South Korea and Taiwan were in the red. it spells cost savings. 38 mills were registered with the Board for Industrial and Financial Reconstruction (BIFR) as of March 31. 5 . higher education. the scope of the new anti-bribery law is too wide to be ignored. There is a reason for this: the sector battles 35% un-employability. Stocks in Japan.300. She said the government has received representations from the industry with regard to a supply and demand mismatch. 2011. will soon find themselves prosecutable under the new British Bribery Act which came into effect on July 1 in place of the old Victorian law. 127 cotton/man-made fibre textiles mills (non-small scale units) were closed during the last three years. has given India a rating of BBB-. while Israel paid the price of a historical friendship when its sovereign bonds. Parliament was informed today.118 people shutdown in past 3 yrs: Govt-ET 08 Aug Over 125 textile mills providing employment to 41. 2010.BUSINESS NEWS 1) Recession 2011: India to pitch for rating upgrade-ET 08 Aug India will pitch for a significant upgrade of its credit rating by global rating agencies in the hope that a better rating will offset some of the negative consequences of Friday's US downgrade. The BIFR decides on reliefs or concessions to be given to sick units. Attrition in this sector is seen mainly at the junior levels. The company saves nearly Rs 9. may hold an internal meeting on Tuesday to consider a possible intervention in the currency market. and an attrition of 15%. which on Friday stripped the US long-term sovereign credit rating of the triple A it had enjoyed for 70 years. huge inventories of finished goods piling up. European markets wiped out initial gains and stocks tumbled as soon as the US market opened. fearing the worst. were downgraded by S&P. Debtridden Spain has AA rating while Italy enjoys an A+. "As on May 31. 3) Attrition is a blessing for ITeS companies-TOI 09 Aug Attrition is not always a dirty word. "We will seek a decently higher rating in the November review. raise finance or have subsidiaries there. restrictions on the export of cotton yarn and rising input prices. Night shifts. According to banking circles. Fitch has projected India's potential medium term gross domestic product (GDP) growth at over 8% and has given the country the same rating as S&P. 2) Indian companies doing business in Britain to fall under new Bribery Act-ET 08 Aug The Indian companies which have business relations with Britain. the RBI. better salaries and positions offered by competitors are the main reasons for the shift." Minister of State for Textiles Panabaaka Lakshmi said in a written reply to the Lok Sabha. 4) 127 mills employing 41. and companies are forced to make do with those who very often don't make the cut. guaranteed by the US. For many organizations in the information technology enabled sector (ITeS).118 people have been shut down in the past three years on account of restrictions on cotton yarn exports and piling up of huge inventories." the finance ministry official said. Hong Kong. A firm headquartered in India will find itself answerable to the British Serious Frauds Office (SFO) even if any of its arms in any other country had indulged in bribery or any corrupt practices.are expected to review India's rating in November. Take Symphony Services. Trading came to a halt for some time in Korea‘s junior index.

after being shortlisted from a range of options put up by various economic ministries. having shareholding across group companies. they expect gold prices to rise further from the current levels. The next few weeks will see up to 10 announcements comprising big-ticket policy reform measures and clearances of high-visibility projects. The timeline has been extended because of challenges faced by the committee in identifying the right candidate who would not only take the $72-billion Group to the next level of growth. could soar higher. The department of industrial policy and promotion (DIPP). said the idea was to develop a car that would co-exist with the Alto. design and engineer a model on its own. of over Rs 24.330 in Delhi. according to market players.000 per 10 grams.700 per ounce mark on Wednesday. The industry department will prepare the Cabinet note to allow foreign stores such as Walmart and Tesco to acquire up to 51% stake in joint ventures in multi-brand retail business. Going forward. two officials familiar with these plans told ET. and this is attributed to the current gloomy outlook for the global economy. reportedly said on the sidelines of a recent annual general meeting of a group company. 10) Possible flood of Chinese goods holds up FDI in retail-TNN 04 Aug Ministries have raised fears of Chinese goods flooding shelves in retail chains if the doors are opened to foreign players to set up multi-brand stores in the country.670 on Comex in New York. and micro. the country's largest-selling car with monthly volumes averaging over 30. 7) Maruti engineers to develop new 800cc vehicle in India-TNN 10 Aug Maruti Suzuki is aggressively working on an all-new car. immediate allocation of coal blocks for power projects stuck for fuel. gold prices in India have risen by 34%. 6 . but also preserve its strong culture and values. gold was trading at $1. had suggested that foreign retailers be mandated to source 30% of their requirements from small-scale industry. managing executive officer (engineering) IV Rao said. Rao. as Maruti's engineers embark on an independent full-model change capability. is however. This list has been finalised by the Prime Minister‘s Office in concert with the finance ministry. which is pushing the proposal for FDI in multi-brand retail. small and medium enterprises suggested that riders be put in place first to ensure that the local industry was protected. keen that his successor spends at least two years working with him before taking charge.TOI 4 Aug Over the last 1 year. at 9pm IST. one of the panel members. 8) Search committee interviews 14 so far to succeed Ratan Tata-TNN 10 Aug The search committee set up to find Ratan Tata's successor will announce the next chairman of the telecom-to-tea conglomerate by the end of this year. Over the last one year. it is bad news for those who are planning to buy gold jewellery. Spot gold prices closed at Rs 24.6) 2011 Economy to Get a Boost to Power of 10-ET 08 Aug The government is about to announce a series of big-bang economic measures as part of a determined push to arrest a sense of despondency spreading through industry and counter perception that policymaking has all but come to a grinding halt. Tata. and Rs 23.000 units and to constantly introduce new models while also developing the company's R&D capability to develop. He shot down suggestions that the new car would be a renewed version. Secretaries from textiles. 9) Gold at record 24K. something not attempted before. all new peaks. or fresh attempt. growing inflationary pressures and the weakness of the US dollar against other major currencies like Japanese Yen and Swiss Franc. which is the holding company of the group. MSME and telecom and information technology will suggest how to balance the twin objectives of protecting local electronics and smallscale players and yet get around global trade rules. While this is good news for investors in the yellow metal. Senior government officials said the ministries of telecom and IT. RK Krishnakumar. to revive the M800 model that has already made its way out of 13 top metros (due to stricter emission norms) and will be phased out gradually from the rest of the country in the coming years.995 in Mumbai. whose term ends in December 2012. gold prices in India have risen by 34%. The announcements could include the launch of a quick bidding process for a new international airport in Mumbai. The successor will be the new chairman of Tata Sons. fast-track clearance of all pending foreign investment proposals and possibly even a phased rollout of FDI in multi-brand retail. who declined to speak about the pricing of the new vehicle. This has prompted the government to work out a safety valve for the reform to go through. tracking international prices which neared the $1. Gold prices rose to a new record level in India. when he turns 75.

The tablet series .5 km approach road.999. Chinese lenders have approached the government for accepting renminbi as a currency for external commercial borrowing by Indian power firms. 4 GB internal storage space micro-SD card slot (max 32 GB) and has a battery life of 5 hours 7 . Private power firms said direct overseas borrowings are restricted to a few currencies such as the US and Australian dollars. 13) As law and order improves. This will improve connectivity in Bihar.000 mw of equipment worth $10 billion. Indian power firms are strongly backing the Chinese move as they are struggling to finance projects after local interest rates rose to 13% from 9% in the past two years." "'Enjoy' series has been designed keeping the ultimate enduser in mind. Of the two private road projects.999 in the Indian market from Friday.TOI 5 Aug Today.13. kerosene and LPG through subsidies and oil bonds. Speaking on the company's low cost strategy. These investments are even more remarkable because two of these projects will be toll roads.TOI 5 Aug With passenger cars consuming about 15 % of the diesel. It took a revenue hit of Rs 49. the government directly and indirectly compensates the oil marketing companies for losses on account of sale of diesel. connecting Bakhtiyarpur with Shahpur along with a four-lane 45. In June.will include two variants -. The service can now be accessed by the bank's 115 lakh debit card holders at 5.999 and 7-inch Enjoy 7 for Rs. it offers productivity while on the go and provides more ways to have fun and connect with friends. where the operator has to be confident of his ability to collect toll. The Government gives a subsidy of Rs 6. Reliance Power alone has placed orders for 30. Bihar is the first state in India to put mobile technology to this use.Enjoy . Orders for 80. the government had slashed customs and excise duties on petroleum products to mitigate the impact of price hike on common man.602-crore project to build a 5.998 HDFC Bank ATMs in 1.11) HDFC Bank starts income tax payment service through ATMs. Under pressure to keep its finances under control the government has already indicated that it was keen on freeing prices of diesel and cooking gas (LPG) but retaining subsidy on kerosene which was used by poor. from their offices in district headquarters. Officials of the Bihar State Road Development Corporation now keep tabs on how projects are progressing using smartphones running Google‘s Android OS.999. private companies are rushing in for infrastructure projects in Bihar. a complete turnaround after six years of Chief Minister Nitish Kumar‘s rule.000 core per annum.111 cities across the country. 14) Car owners may not get subsidized diesel: Government. Bihar is attracting private funds in infrastructure projects.ET 5 Aug Chinese banks have offered yuan loans to finance more than $50 billion of power equipment for Indian firms at lower interest rates. 12) Chinese banks have offered cheap yuan loans to finance power equipment for Indian firms. a confidence that was lacking during Lalu Yadavled RJD‘s 15-year reign. 1. While the prices of petrol are linked to market rates. giving a shot in the arm to credit-starved power companies but posing a serious threat to Indian suppliers such as BHEL and L&T.ET 5 Aug Taiwanese computer firm MSI said it would launch low cost tablets starting Rs." the bank said in a statement. yen and euro.000 mw of equipment worth $50 b is placed with Chinese companies. MSI India general manager Eric Kuo told IANS: "Our products do not have some prominent features such as 3G and GPS because we do not see enough market for the same in a country like India currently which reduces the cost of the products to a great extent. The android tablets are equipped with dual 2 mega pixel cameras. customers will have to register themselves and the ATM payment option will be activated immediately.5-km bridge across the river Ganga. the Government today indicated that it might do away with the subsidy enjoyed by such vehicle owners. while increasing prices of kerosene. 15) Taiwanese computer firm MSI to launch low cost tablets 'Enjoy' in India starting at Rs 13. the first is a . it said.13. For availing the service. "With this facility.a 10-inch Enjoy 10 for Rs. diesel and LPG. the bank has given its vast customer base the freedom from waiting in long queues at counters or logging into the internet to pay their taxes.14.08 per litre on diesel." he added. The second is a . 917crore project to widen the two-lane road between Ara and Mohania into a four-lane one.The Hindu 4 July Private sector lender HDFC Bank on Wednesday launched a service whereby its 115 lakh debit card holders can pay income tax through the bank's ATMs.

The hikes were only modest.5 lakh subscribers post mobile number portability. 48. Essar Group resident director Jayesh Buch said.000 crore to one lakh crore. Ford Motors.ET 6 Aug State-owned telecom operators Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have lost over 5. which is as high as 1% of Indian GDP. The state is attracting an increasing number of carmakers keen to set up production facilities here as Gujarat offers better port connectivity. MTNL lost around 6.TOI 4 Aug Price wars in the African market destroy margins.489 and 11. Number of subscribers who ported out of the BSNL and MTNL networks stood at 9. stocks plunged in the absence of a European policy package and growing risk aversion. the government said.33. Experts say production of one car helps five persons earn their livelihood.305.19%) to 17. issues related to policies. in a written reply to the Rajya Sabha. followed by Vodafone and Idea Cellular. the latest entrant to the state.000. Since 1991 when Apollo Tyres came to Gujarat. 19) India's appetite for power consumption huge but infrastructure inadequate. including measures like forming special cell to contact customers and address their grievances. said Milind Deora.198 while those porting in the network included 3. forgoing porting fees from subscribers coming into BSNL network and increasing points where customers can make payments.1. "Indians consume one fourth of electricity compared with Chinese and Brazilians.1. a key requirement for exports. Minister of State for Communications and IT. Bharti Airtel‘s net profit fell for the sixth straight quarter hurt by high debt and African tariff wars. 17) Gujarat auto sector to employ 8 lakh in 3 years. together employing 13 million people directly and indirectly. Policy makers and professionals in the field believe that India is yet to have its policies and infrastructure in place to generate enough power and commission transmission and distribution network.33. Chennai and Pune are the country's top vehicle producing centres. The impact of concerns over the US faltering was more severe on other Asian markets. as the Sensex fell 387 points. The state now manufactures 6 lakh cars.750 and 67." Among other issues. but enough to spark hopes of a revival. India has huge appetite for power consumption. the state has seen its workforce swell to 4 lakh across original equipment manufacturers and auto component makers. as the Sensex fell 387.87. Both BSNL and MTNL have been taking various initiatives to retain their subscribers. but the company‘s stock came off its lows on Wednesday on hopes that recent call rate hikes in India may mean better times for the beleaguered company. "Annual losses of power utilities stand at 75. After all the chaos. Devastated by the orgy of tariff cuts in the past few years and groaning under the weight of debt.5 lakh e-bikes every year.‖ said Vikas Khemani. 50. Atul Auto. The likes of General Motors.5 lakh.261 and 55. Commenting on the limitations of the infrastructure. The drop was unnerving in mid-morning trade when the Sensex crashed 660 points to slip below 17. But a divided Europe may have an uphill task in making European Central Bank create new money to bail out Italy and Spain. However.593 subscribers respectively.ET 6 Aug Rs1. Bharti was first off the block last month. FIIs or offshore portfolio managers sold stocks worth Rs. US treasury bills — the paper that the US government floats to borrow — is still selling.49.16) Europe’s & US debt crisis reaches India. 18) BSNL. Gurgaon. Close to Rs. Bharti Airtels net profit fell for the 6th straight quarter. 8 .ET 6 Aug Gujarat is set to step into the big league of India's auto hubs by employing 8 lakh people over the next three years.31 points (or 2.000 trucks and 2.ET 6 Aug The ministry of power's ambitious vision to provide electricity to all is expected to remain a distant dream for now at least. ―The risk aversion to equities has gone up as markets are turning hypersensitive to news flow from the US and Europe.000cr of investor wealth was wiped out. said it will generate 30. Maruti Suzuki's RC Bhargav estimates his upcoming plant in Gujarat will grant employment to 1. ending two years of savage price wars that destroyed industry margins and affected sales and profitability of all telcos. experts believe that financial conditions of the ailing state utilities and lack of desirable talent are also creating road block for the sector.605 customers respectively as on June 30 after mobile number portability (MNP) was introduced in the country. infrastructure and fuel prices are hindrances in the power sector. Edelweiss Securities.33.84. Hope Rests on India. Electrotherm and Asia Motor Works set shop in Gujarat over the years. At present. India and Asia.000 three wheelers.789 crore. president.000 direct and indirect jobs in Gujarat. The event focused on power sector in the 11th Five Year Plan and its contribution in the overall economic development. The companies have also reduced the tariff rates. The School of Petroleum Management of Gandhinagar (SPMG) based Pandit Deendayal Petroleum University ( PDPU) hosted 'Power Sector India Roundtable 2011' on Friday.000 crore of investor wealth was wiped out. Indian mobile firms have started to slowly increase prices. 20) Africa Big Drag on Bharti.

They flocked to Internet and social media sites. express their views and understand how the development affects their lives. fresh college graduates. Microsoft & Oracle gang-up. The continued high unemployment and the weak US economy have contributed to the explosive growth of the food stamp programme with no end in sight to the monthly increases. Apple. CNN said noting that 27 million people were dependent on food stamps in October 2007. NRIs and some proud residents of Jharkhand are all keen to figure out what the global economic and credit crisis means to them. It has sued in the United States. is part of the first phase of the planned Kingdom City. But it has been hampered by a lack of intellectual property in wireless telephony.4 million square feet.1 in the entire European Union except the Netherlands. which administers what's officially called the Supplemental Nutrition Assistance Programme reported Thursday.000 meter) high Kingdom Tower.280 foot (1. currently the tallest building in the world. which has been locked in a battle with Apple over smartphones and tablets patents since April. Workers in Indian IT firms. particularly jobs in the software sector. which is partly owned by Dubai's government. In June 2009. KHC signed a deal with Dubai-based Emaar Properties to develop and oversee the construction of Kingdom City and Kingdom Tower. Jobs. announced in 2008. the head of S&P. Nearly 46 million Americans receive food stamps out of a population of some 311 million people. lashed out at its biggest rivals on Wednesday and accused them of banding together to block the Internet giant in the red-hot smartphone arena. were the main object of attention of people online as they tried to comprehend the fallout of Standard & Poor's downgrade of the gold standard AAA rating of the world's largest economy. 9 . It's not just the Obama Administration that is trying to figure out the meaning and consequences of America's credit downgrade. Apple said that Samsung's Galaxy line of mobile phones and tablets "slavishly" copied the iPhone and iPad. Kingdom Holding Co. as it seeks to diversify its economic base from the crude oil that has fueled its growth for years.born Indian-American who downgraded the US economy. luxury condominiums and offices occupying roughly 5. Google cries foul as it loses out in the race for buying patentsReuters 4 July Google Inc. Oracle and "other companies" for colluding to hamper the increasingly popular Android mobile software by buying up patents. Under the food stamps programme. and comes after it delayed the Australian launch of its latest Galaxy tablet because of similar lawsuits.ET 5 Aug Believe it or not. is slated to cover a two-square mile area.6 billion riyal ($1. Google -. said the more than 3. the US Department of Agriculture. to be built north of the Red Sea city of Jiddah. 25) One in seven Americans lives on food stamps. In a rare public outburst. Google Chief Legal Officer David Drummond blasted Microsoft. serviced apartments. he said.now need governmentprovided food stamps simply to survive. The project is but one of several ambitious mega-ventures in the kingdom. according to latest government figures. KHC said.which is facing a federal antitrust probe in the Internet search market it dominates -. This is the second big setback for Samsung. Kingdom Tower will include a hotel. is the developer of the Burj Khalifa. Australia and elsewhere. 22) Facebook.is forging ahead in the smartphone market. OPEC's top exporter. one in seven Americans . which has exposed it to patent-infringement lawsuits from rivals like Oracle. snapping up the patents will stifle technological innovation.15 per cent of the country . an eligible individual gets $200 a month in food stamps in the form of a debit card that can be used at supermarkets and stores to buy authorized food. fresh from losing a bid to buy thousands of patents from bankrupt Nortel. 23) Apple blocks Samsung from selling Galaxy in EU-Reuters 10 Aug Apple Inc scored a major victory in its multi-country patent infringement battle against Samsung Electronics after a German court barred the Korean company from selling its Galaxy Tab 10. Emaar. was the Twitter star who topped the social search for being the Jharkhand. effectively imposing a "tax" on Android cellphones.INTERNATIONAL NEWS 21) Kingdom Holding Co signs deal with SaudiBin laden Group to build world's tallest tower-IST 03 Aug The investment firm headed by Saudi billionaire Prince Alwaleed bin Talal said Tuesday it signed a 4. trying to make sense of the downgrade of America's credit rating. The sprawling mega project. Twitter abuzz with S&P's Deven Sharma's US economy downgrade from AAA-ET 09 Aug Deven Sharma.2 billion) deal with the Saudi Binladen Group to build the world's tallest tower. Samsung has countersued Apple 24) As Apple. retail investors. Apart from increasing costs for consumers.

West Bengal Central School Services Commission and Assam Public Services Commission. but police and politicians said much of the violence was opportunistic. only two cricketers— captain MS Dhoni and master batsman Sachin Tendulkar—made it to the Top 10 most visible celebrities. said Craig Knight.TOI 5 Aug Congress President Sonia Gandhi underwent a surgery in a US hospital and would be away for 2-3 weeks. entrance exam for professional courses as well as job recruitment tests can now take a look at how they were evaluated by moving an application under the Right to Information Act. The touch paper for the unrest was lit on Thursday when police shot dead Mark Duggan. Study researchers found that open-plan offices create unwanted activity in the brains of workers that can get in the way of them doing the task at hand. We are told that this is a global financial crisis and that we are all in this together but why should we be? But you can't put the unrest down to that or to criminality. a community activist who was in Tottenham during the Broadwater Farm riots. A statement on her condition is likely to be issued on Friday. So far. 29) Unequal growth fuels London’s nights of anger-TNN 09 Aug Two night of riots that rocked London point to deeper social unease in poor areas of the British capital. Procter & Gamble.class X and XII. a bench of Justices R V Raveendran and A K Patnaik dismissed a bunch of appeals filed by the Central Board of Secondary Education. Bollywood actress Katrina Kaif emerged the most visible celebrity on television in terms of advertising volumes during January-June. according data from television ratings firm TAM. The Congress or the party president‘s office refused to disclose the details of the ailment that Sonia was suffering from or the hospital and the country where she is being treated. If you have a community with high levels of unemployment and cutbacks in welfare then this is what you are going to get. but may cause consternation among the teaching fraternity. sterile offices bad for brain'-PTI 08 Aug Working in a posh open plan office? Well. She was followed by Shah Rukh Khan. West Bengal Board of Secondary Education. Institute of Chartered Accountants of India (ICAI). ―These studies are cyclical." he said. Party General Secretary Janardhan Dwivedi told reporters on Thursday that the 64-yearold leader was ―recently diagnosed with a medical condition that requires a surgery‖. which will include whether examiner missed out awarding marks for answers to some of the questions. Idea Cellular and Panasonic have largely stuck to film actors to endorse their brands. a psychologist at Exeter University. If they are allowed to enrich the space with their own things it can increase their wellbeing by 32%. Now. I don't call it rioting. it may be bad for your brain and can also make you less productive. Osagyefo Tongogara. People are angry and frustrated. but top advertisers such as Hindustan Unilever. Congress keeps ailment a secret. the court has provided for re-evaluation of answer-sheets. you can use RTI to re-evaluate answer-sheets-TNN 10 Aug The Supreme Court on Tuesday ruled that students aggrieved with their examination scores . despite India's success in the world cup.MISCELLANEOUS NEWS 26) 'Working in posh. the Daily Telegraph reported. a resident of the multi-ethnic district of Tottenham in north London. "Employees respond better in spaces enriched with pictures and plants. 27) Katrina Rules TV as Cricketers Lose Out-ET 10 Aug Cricket may have been the flavour of the season with the backto-back World Cup and IPL in the first half of this year. That's a very simplistic explanation." he said. 28) Now. They also claimed that having a clean and sterile desk can also leave employees with smaller brains. scientists say. A new study has claimed that the hustle and bustle of modern offices can lead to a 32% drop in workers' wellbeing and reduce their productivity by 15%. after officers stopped the taxi in which he was a passenger. community leaders said on Monday.‖ Consistency clearly is one thing most Indian cricketers lack as is visible from the Indian team's disastrous performance so far in its England tour. I call it rebellion. University of Calcutta. Passing the path-breaking order that will be lapped up by students. 30) Sonia Gandhi undergoes surgery in US. be it in my movies or my brands. M S Dhoni and Kareena Kapoor Commenting on the study. Modern offices which refuse to allow personal decorations on walls or desks may also not be helping employees. What matters is consistent performance over the long term and this is what I choose to focus on. Katrina Kaif said. productivity by 15%. only re-tabulation of marks was possible. said: "There are a lot of parallels with 1985. 10 . And.

Malayalam.171 crore in 2010-11 from Rs 28. The Indian mobile market growth has been on the back of the rising wireless subscriber base and consistent decline in the Average Selling Price (ASP) of handsets. has become more of an industry norm and a challenge for existing players to survive in the market. Zen Mobile plans to launch about 15 handsets in the below Rs 2000 price range to increase it rural presence & overall market share & has earmarked about Rs 30 crore for marketing this year.9% increase in its revenue and emerging as the third largest mobile handset seller in India after Nokia & Samsung. targeting gaming addicts. which sells phones in Dubai & Bangladesh. Performance & Industry Outlook: According to telecom industry journal Voice & Data. The mobile handset market expects the revenue to rise from US $255 billion to US $350 billion.899. Rural markets are in focus. Lava Mobiles has targeted users not comfortable with the Qwerty keypad. after Samsung. Blackberry. the Vodafone 150 sold for Rs 799 featuring only the basic attributes of a cell phone. the growing appetite of Indian consumers has made a large number of domestic players jump-in to reap profits on the back of local advantages such as relatively better consumer understanding. Karbonn is the number two brand in Nepal. West Asia & Africa. Marathi. the Mobile telecommunications system in India is the second largest in the world. Other key factors contributing to this phenomenal growth are rising disposable incomes and low SIM registration & airtime charges.9 million units currently. Intex has a video chat phone with dual camera for Rs 2. which has come down to Rs 2500 in 2010. representing a huge untapped market.4% between the 2010 – 2016 period. Also low-cost handsets would still account for a majority share in the handset market in terms of volume sales. believes these markets will fuel its growth in future. A key point which has enabled these players to grow so fast is the level of innovation they have brought into the market by introducing value-added features in mobiles such as 30 days of battery back-up & dual SIM card options.000. Overview: The Indian mobile handset arena. Sony Ericsson and Motorola betting high on the fast-growing demand for mobile handsets across the country. With its 3G phones likely to be launched next month. The Indian mobile handset market is expected to continue its upward trajectory & become even bigger with 208. Telugu. The high-end models are expected to witness a steep growth curve. 11 . priced below Rs 2000 and targeted towards rural consumers. Kannada.897 crore a year before.4 million phones being shipped by 2016 at a CAGR of 11. feature-rich phones and aggressive advertising & branding. Local Advantage: With world‘s leading handset players such as Nokia.299. Sony Ericsson and Samsung with cheaper. Sri Lanka. at present offers models varying from the cheapest across the world.000 category. to the likes of iPhone that feature some of the most sophisticated technologies. MAXX Mobile has come up with a gaming phone at Rs 2. Punjabi. The introduction of innovative features with advanced technologies that can live up to the customers‘ growing expectations. Bengali. making handsets increasingly affordable to masses in the past 10 years. Gujarati. Key Demand Drivers: The mobile handset tele-density (handsets per 100 inhabitants) in India currently stands at nearly 45%. The company also launched a projector-integrated mobile phone at Rs 13. something even the leaders had to follow. Global Markets: Karbonn Mobiles. Lava. registering a 42. Olive Telecom has come out with a phone that runs on AAA battery. Spice and Videocon have launched their feature rich Android phones which are in the sub Rs 10. These domestic companies have managed to attract consumer attention away from the likes of Nokia. Intex has tied up with CityCell in Bangladesh for a bundle offer to increase penetration. Oriya. While Micromax is targeting the low-cost smartphone segment. while Karbonn is on way to acquire a South Korean Android design company. Tamil. Micromax and Maxx Mobile are among Indian mobile manufacturers that have entered markets in Bangladesh. Intex. LG.INDIAN MOBILE MANUFACTURERS With a subscriber base of more than 851 million. Urdu. Nepal. The smartphone market is expected to grow tenfold to 30 Million units by 2016 from just about Rs 2.990. Value-added Products: Leading domestic manufacturers is Gurgaon-based Micromax. revenues in the Indian mobile handset market grew 15% to touch Rs 33. Spice launched its first 3D mobile phone with dual SIM for Rs 4. where customers are highly price sensitive & the introduction of 3G services is expected to be another crucial growth driver in the domestic market.Hindi. Wynn Telecom is looking at the sub Rs 3000 handsets for the entry level segment. Samsung. launching the Alpha keypad that arranges the keys in alphabetical order. Maxx Mobile.300 with 250 preloaded games and a 2 GB data card. priced at Rs 2. and Assamese. Micromax. India is the second largest mobile handset market in the world after China with a multitude of domestic and international players – the hottest segment being the entry level segment for homegrown mobile manufacturers. The company has also launched a multilingual handset Lava KKT 15 that comes pre-loaded with 12 Indian languages -.

d. d. Which of the following is not correct regarding private funds in infrastructure projects in Bihar? a. after Samsung. 5.CURRENT AFFAIRS QUIZ 1. India is the third largest mobile handset market in the world after US & China. c. Many Indian mobile manufacturers also have an international presence like Spice mobiles. b. coming down to Rs 2500 in 2010. These projects are progressing using smart phones running Google‗s Android OS. for Indian firms. Rising disposable incomes and low SIM registration & airtime charges have been key factors in the growth of the Indian mobile market.899. Which of the following facts is incorrect regarding Indian mobile market & Indian mobile manufacturers ? a. Of the two private road projects. c. targeting gaming addicts. While rural markets are in focus & low cost handsets are expected to drive volume sales. d. A key point where they are unable to challenge global handset players is innovation in mobiles. Micromax. d. a confidence that was lacking during Lalu Yadav led RJD‗s 15-year reign. registering a 42. where the operator has to be confident of his ability to collect toll. It has launched a service whereby its 115 lakh debit card holders can pay income tax through the bank's ATMs. c. from their offices in district headquarters. b. Tata power alone has placed orders for 30. While the wireless subscriber base has been rising.111 cities across the country. Revenues in the Indian mobile handset market grew 15% to touch Rs 33. The Indian mobile market has a subscriber base of more than 851 million. which is the number two brand in Nepal.000 mw of equipment worth $10 billion. Bihar is the first state in India to put mobile technology to this use. is the largest Indian mobile handset seller in India.9% increase in its revenue. b. the introduction of 3G services will be a crucial growth driver in the domestic market. The tax payers will get freedom from waiting in long queues at counters or logging on to the internet to pay their taxes. They have managed to attract consumer attention with cheaper phones and aggressive advertising & branding. Which a. Intex has launched a projector-integrated mobile phone at Rs 13. Which of the following is incorrect regarding the Indian mobile telecommunications system including mobile manufacturers & subscribers ? a.171 crore in 2010-11 from Rs 28. Customers need not register themselves to pay the tax through the ATM. The service can now be accessed by the bank's 115 lakh debit card holders at 5. c. Chinese banks have offered Yuan loans to finance more than $50 billion of power equipment. b. 2. Two of these projects will be toll roads. at lower interest rates. 1. the first is a . Which of the following is not true about Chinese loans being availed by Indian companies? a. Orders for 80. c.5-km bridge across the river Yamuna. 7. 12 .000 mw of equipment worth $50 b is placed with Chinese companies.897 crore a year before. MAXX Mobile has launched a gaming phone at Rs 2. Which of the following is incorrect regarding products offered by Indian mobile manufacturers ? a. d.000. c. b. d. Indian power firms are struggling to finance projects after local interest rates rose to 13% from 9% in the past two years.602-crore project to build a 5. the Average Selling Price of handsets has been declining.300 with 250 pre-loaded games and a 2 GB data card. Micromax has launched a multilingual handset that comes pre-loaded with 12 Indian languages priced at Rs 2. They have a local advantage such as relatively better consumer understanding as compared to global handset players. d. connecting Bakhtiyarpur with Shahpur along with a four-lane 45. of the following is incorrect regarding Indian mobile manufacturers ? They compete with global handset players in the entry-level segment in the Indian mobile market. b. 4.998 HDFC Bank ATMs in 1. b. targeting users not comfortable with Qwerty keypad.5 km approach road. c. 3. Which of the following is not a benefit that the income tax payer will get from HDFC's new service? a. 6. Lava has launched mobiles with an Alpha keypad that arranges the keys in alphabetical order.

The Government gives a subsidy of Rs 6. the latest entrant to the state. Gujarat is set to step into the big league of India's auto hubs by employing 8 lakh people over the next three years. Enjoy' series has been designed to offer productivity. c. West Bengal c.33.000cr of investor wealth was wiped out. 13 . Which of the following is false about the auto sector in Gujarat? a.000 per 10 grams. c. 12.999. Indian & Asian stocks plunged in the absence of a European policy package and the risk aversion to equities has gone up. Gold prices are set to rise further from the current levels.593 subscribers. b. c. 14. of over Rs 24. Government had slashed customs and excise duties on petroleum products to mitigate the impact of price hike on common man. as the Sensex fell 387 points. Annual losses of power utilities stand at 75. b. a 10-inch Enjoy 10 for Rs. MSI plans to launch low cost tablets starting Rs.995 in Mumbai as on 4th August 2011. Maharashtra d. Hyundai. 10. Financial conditions of the ailing state utilities and lack of desirable talent are creating road block for the sector.999 and 7-inch Enjoy 7 for Rs. Which a. c. d.13.999 in the Indian market. Maruti Suzuki's RC Bhargav estimates his upcoming plant in Gujarat will grant employment to 1. and Rs 23.49. These tablets will have some prominent features such as 3G and GPS. Issues related to policies. 13. A divided Europe may have an uphill task in making European Central Bank create new money to bail out Italy and Spain. infrastructure and fuel prices are hindrances in the power sector. It is attracting an increasing number of carmakers keen to set up production facilities. BSNL & MTNL have lost over 5. b. b. Which a.84. c. They are forgoing porting fees from subscribers coming into BSNL network. d.14.261 and 55. d. b.000 crore to one lakh crore. The tablet series. d. b. of the following is not true regarding the Europe and US debt crisis & its impact? The impact of concerns over the US faltering was less severe on other Asian markets. Which of the following is incorrect about low cost tablets launched by Taiwanese computer firm MSI? a. which is as high as 20% of Indian GDP. Spot gold prices closed at Rs 24. Rs 1.8.000 direct and indirect jobs in Gujarat. b. Passenger cars are consuming about 60 % of the diesel. Karnataka 15. statement is false about the rising prices of gold in India? Gold prices in India have risen by 60%. Number of subscribers who ported in the network included 3. Which a. d.605 customers respectively as on June 30 after MNP was introduced in the country. c. Which of the following is incorrect regarding the effect of mobile number portability (MNP)on BSNL & MTNL? a.08 per liter on diesel. Which of the following is incorrect regarding the government giving diesel subsidies to vehicle owners? a. d. Enjoy will include two variants.330 in Delhi.489 and 11.5 lakh. 9. d. of the following is incorrect regarding the power sector and power consumption of India? Indians consume one fourth of electricity compared with Chinese and Brazilians. The government is keen on freeing prices of diesel and cooking gas but retaining subsidy on kerosene which was used by poor. 11. c. Gujarat b.13. Gold price has risen to a new record level in India. while on the go and provide more ways to have fun and connect with friends. said it will generate 30. Which of the following states is set to step into the big league of India's auto hubs by employing 8 lakh people over the next three years? a. Both BSNL and MTNL have been taking various initiatives to retain their subscribers like reducing the tariff rates.

a confidence that was lacking during Lalu Yadav led RJD‗s 15-year reign.14.999 and 7-inch Enjoy 7 for Rs. d. c. c. b. Indian & Asian stocks plunged in the absence of a European policy package and the risk aversion to equities has gone up. at lower interest rates. 19. d. the first is a . as the Sensex fell 387 points.33. c. c. for Indian firms.08 per liter on diesel. The local industry players will have to face competition from international brands. Government had slashed customs and excise duties on petroleum products to mitigate the impact of price hike on common man. of the following is not true regarding the Europe and US debt crisis & its impact? The impact of concerns over the US faltering was less severe on other Asian markets. d. Which of the following is not correct regarding private funds in infrastructure projects in Bihar? a. Which a.999 in the Indian market. The tax payers will get freedom from waiting in long queues at counters or logging on to the internet to pay their taxes. These tablets will have some prominent features such as 3G and GPS. Foreign stores like Wal-Mart and Tesco will have a 51% stake in joint ventures in multi-brand retail business. Enjoy will include two variants. The service can now be accessed by the bank's 115 lakh debit card holders at 5.999.602-crore project to build a 5. of the following is not the reason for increasing gold prices in India? Current gloomy outlook for the global economy.111 cities across the country. The Government gives a subsidy of Rs 6. b. d. Low interest rates in the international economy. Enjoy' series has been designed to offer productivity. The quality of products will improve with increasing competition. Chinese goods will flood the retail stores.000cr of investor wealth was wiped out. These projects are progressing using smart phones running Google‗s Android OS. Which of the following is not a benefit that the income tax payer will get from HDFC's new service? a. 17. Two of these projects will be toll roads. Which of the following is not true about Chinese loans being availed by Indian companies? a. b. d. Which of the following is incorrect about low cost tablets launched by Taiwanese computer firm MSI? a. b. Indian power firms are struggling to finance projects after local interest rates rose to 13% from 9% in the past two years. 18. 22.998 HDFC Bank ATMs in 1. Which of the following is incorrect regarding the government giving diesel subsidies to vehicle owners? a.000 mw of equipment worth $10 billion. a 10-inch Enjoy 10 for Rs. Which of the following is not a disadvantage of allowing foreign players to set up multi-brand stores in the country? a. Tata power alone has placed orders for 30. d.13. The government is keen on freeing prices of diesel and cooking gas but retaining subsidy on kerosene which was used by poor. Passenger cars are consuming about 60 % of the diesel. Chinese banks have offered Yuan loans to finance more than $50 billion of power equipment. 20. Customers need not register themselves to pay the tax through the ATM.13. while on the go and provide more ways to have fun and connect with friends. c. A divided Europe may have an uphill task in making European Central Bank create new money to bail out Italy and Spain. where the operator has to be confident of his ability to collect toll. c. Of the two private road projects. b. connecting Bakhtiyarpur with Shahpur along with a four-lane 45. 14 . d. d. from their offices in district headquarters. b. 21. Orders for 80. Weakness of the US dollar against other major currencies like Japanese Yen and Swiss Franc. The tablet series.000 mw of equipment worth $50 b is placed with Chinese companies. Bihar is the first state in India to put mobile technology to this use. Rs 1. 1. b. c. It has launched a service whereby its 115 lakh debit card holders can pay income tax through the bank's ATMs. c.5-km bridge across the river Yamuna. Which a.5 km approach road.16. 23. b. Growing inflationary pressures. MSI plans to launch low cost tablets starting Rs.

Hyundai. Gujarat is set to step into the big league of India's auto hubs by employing 8 lakh people over the next three years. 25.84.605 customers respectively as on June 30 after MNP was introduced in the country.24.489 and 11. BSNL & MTNL have lost over 5. d.261 and 55. the latest entrant to the state. They are forgoing porting fees from subscribers coming into BSNL network. Maruti Suzuki's RC Bhargav estimates his upcoming plant in Gujarat will grant employment to 1. c. ANSWER KEY: Q 1 2 3 4 5 A a b c d d Q 6 7 8 9 10 A a b c d a Q 11 12 13 14 15 A b c d a a Q 16 17 18 19 20 A b c d a b Q 21 22 23 24 25 A c d a b c 15 . c. b.000 direct and indirect jobs in Gujarat. It is attracting an increasing number of carmakers keen to set up production facilities. said it will generate 30.593 subscribers. Both BSNL and MTNL have been taking various initiatives to retain their subscribers like reducing the tariff rates. b.49. d. Which of the following is incorrect regarding the effect of mobile number portability (MNP)on BSNL & MTNL? a. Number of subscribers who ported in the network included 3.5 lakh. Which of the following is false about the auto sector in Gujarat? a.