bgyan newsletter - 06 oct - 12 oct, 2010

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 B-Gyan Weekly Newsletter 06 October 2010 12 October 2010 Power & Energy | Finance | FMCG | IT & Telecom | Manufacturing 

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8/8/2019 BGyan Newsletter - 06 Oct - 12 Oct, 2010

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B-Gyan 

Weekly Newsletter

06 October 2010 – 12 October 2010

Power & Energy | Finance | FMCG | IT & Telecom | Manufacturing 

8/8/2019 BGyan Newsletter - 06 Oct - 12 Oct, 2010

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B-Gyan Newsletter 06.10.2010-12.10.2010 1 

POWER & ENERGY 

RIL in hot oil over low output from KG fieldThe Directorate General of Hydrocarbons (DGH), the oil ministry's exploration and production

monitoring agency, has asked Reliance Industries Ltd to explain lower than expected oil production

from the Krishna-Godavari D6 offshore field, which RIL operates. Reports say crude oil production

< http://www.domain-b.com/companies/companies_r/Reliance_Industries/20101005_kg_field.html 

>

 ____________________________________________________________________

R-Infra admits buying costly power for suburbs, blames TatasEven as the Maharashtra Electricity Regulatory Commission (MERC) has sought expression of 

interest for a new power distributor for Mumbai's suburbs from next year, current supplier Reliance

Infrastrure, which is under fire for hiking its electricity rates, today said its tariff was higher than

other distributors as it has to buy power from the market at relatively expensive rates.

< http://www.domain-b.com/industry/power/20101006_r_Infra.html >

 ____________________________________________________________________

ONGC among firms bidding in Iraq's Oct. 20 gas auctionONGC is among the 13 companies that qualified to take part in the October 20 auction for three gas

fields in Iraq. The fields together have estimated reserves of 11.23 trillion cubic feet of gas. Other

companies bidding include South Korea’s KOGAS, Japan’s Mitsubishi, Italy’s Edison and ENI and

Kuwait Energy.

Earlier in the week, ONGC’s bids for acquiring two Russian oil -fields in the Arctic through its Russian

subsidiary, Nord Imperial, were disqualified on grounds that it “lacked financial capability”, claims

which Indian executives maintained were “flimsy”. 

ONGCs plan to hike its stake in the $1.3-billion Nam Con Son offshore gas project in Vietnam come

to nought as British oil giant BP said that it may sell its 35% stake to its affiliate TNK-BP, a 50-50 joint

venture between BP and a group of Russian billionaires

< http://in.reuters.com/article/idINIndia-52111520101011 >

< http://www.domain-b.com/companies/companies_o/ONGC/20101005_vietnam_gas.html  >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 2 

Centre to add 100,000 MW capacity over next two PlansThe Centre aims to add 100,000 MW capacity each in the 12

thPlan (2012-17) and 13

thPlan (2017-

22). About 65,000 MW is slated to go online in the 12th Plan, of which sub-critical and supercritical

technology in thermal plants would have equal weightages. The Centre would ensure only

supercritical technology comes up in the 13th

Plan as it is more efficient and has lower carbon

footprint.

< http://www.thehindubusinessline.com/2010/10/09/stories/2010100953190400.htm  >

 ____________________________________________________________________

Petroleum Ministry chalks out road map for shale gas exploration 

The Petroleum Ministry is aiming to facilitate fast track exploration of  shale gas reserves by

scheduling auctions of shale gas blocks possibly by August 2011. Shale gas is the next buzz word in

the Indian hydrocarbon industry and companies like Reliance Industries Ltd. which have beenacquiring shale gas reserves overseas, could bid for blocks within India once the blocks are floated.

An accord on shale gas technology is expected to be signed with the US, when US President Barack

Obama visits India next month. This could bring better technology and reduce costs.

< http://www.thehindubusinessline.com/2010/10/11/stories/2010101151230300.htm  >

Shale gas is an unconventional source of energy found in non-porous rock. It has become an

important source of natural gas in the US and interest in it has spread around the world. In India,

shale gas deposits are identified to be present in the Cambay Basin in Gujarat, the Assam-Arakan

basin in northeast India, an5d the Gondwana Basin in central India.

 ____________________________________________________________________

IDBI ties up with WRI for consultancy services on energyIDBI Bank under a tie-up with US-based environment research organisation World Resources

Institute (WRI) will provide consultancy services to its borrowers on energy cost reduction. IDBI Bank

would fund the implementation costs of the energy-saving initiatives while WRI would guarantee the

savings.

< http://www.domain-b.com/finance/banks/IDBI_Bank/20101006_consultancy_services.html  >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 3 

FINANCE 

15-minute pre-market call auctions start on Oct 18NSE and BSE have decided to implement ‘pre-market call auctions’ which is a special 15-minute

trading window starting at 9 a.m from Oct 18. But all other segments including derivatives and non-

index stocks will trade only at 9:15 a.m. The call auction is the solution to take care of the

uncertainty that is there in people’s mind about where a stock should be priced at the open.

< http://economictimes.indiatimes.com/markets/stocks/market-news/15-minute-pre-market-call-

auctions-to-start-on-October-18/articleshow/6709813.cms  >

 ____________________________________________________________________

SKS Microfinance CEO SackedSKS Microfinance, the first microfinance company to get listed in India, sacked its CEO Suresh

Gurumani and named Mr. M.R Rao as his successor. This move saw a dip in the market price of the

shares of the company. SKS Microfinance on Friday told capital market regulator Securities and

Exchange Board of India (SEBI) that its chief executive, Suresh Gurumani, was sacked due to a

corporate tussle and differences within the board.

< http://economictimes.indiatimes.com/news/news-by-company/corporate-announcement/CEO-

sacked-due-to-tussle-SKS-Microfinance/articleshow/6716632.cms >

 ____________________________________________________________________

Cos want 26% stake in banks they sponsorCorporates have told RBI that they should be allowed to hold at least 26% equity in any bank they

sponsor. This would ensure balance between the need to ensure long term commitment by keeping

control over key decisions with the need to reduce operating control. RBI in its discussion paper

suggested a 40% shareholding with the lock in for the first five years.

Corporates also suggested RBI that they should be allowed to use company logo in the sponsor bank

which has also been rejected by RBI on the grounds that it should not have spill-over effect on its

operations; if at all the corporate is in trouble.

< http://economictimes.indiatimes.com/news/news-by-

industry/banking/finance/banking/Companies-want-26-stake-in-banks-they-

sponsor/articleshow/6716316.cms  >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 4 

Rupee approaches two-year high as foreign funds buy Indian Stocks,

BondsThe rupee advanced 0.4 percent today to 44.27 per dollar as of 10:21 a.m. in Mumbai, according to

data compiled by Bloomberg. It’s Asia’s best performer of the past month with a 4.9 percent gain

and touched 44.11 on Oct.7, the strongest level since September 2008. This is attributed to

speculation that overseas investors will pump more funds in to the nation’s assets as the economic

outlook improves.

< http://www.bloomberg.com/news/2010-10-11/rupee-climbs-toward-two-year-high-as-foreigners-

buy-india-stocks-bonds.html >

 ____________________________________________________________________

Yuan ends at post-revaluation high but off peak 

The yuan, which recently powered higher after sharp criticism from the United States, pulled backslightly after it hit a post-revaluation high of 6.6610 per dollar. It ended at its highest closing level

against the dollar since a landmark revaluation in July 2005, as political pressure on China for a

firmer currency was overtaken by renewed weakness in the U.S. dollar

< http://economictimes.indiatimes.com/markets/forex/Yuan-ends-at-post-revaluation-high-but-off-

peak/articleshow/6729370.cms  >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 5 

FMCG 

Dabur completes acquisition of Turkey's Hobi Kozmetik GroupFMCG player Dabur said it has completed the ` 324 crore acquisition of Turkey-based personal care

products maker Hobi Kozmetik Group. The acquisition will further enable consolidating and

expanding Dabur's already substantial presence in the Middle East and North African region. At

present, 20 per cent of Dabur's overall sales come from the international markets. Last fiscal,

Dabur's total sales stood around `3500 crore.

<http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Dabur-

completes-acquisition-of-Turkeys-Hobi-Kozmetik-Group/articleshow/6736553.cms >

 ____________________________________________________________________

Weston forays into mobile handset market Consumer electronics firm Weston on Wednesday announced its entry into the Indian mobile phone

market with plans to garner sales of `250 crore in the next one year from its new business. The

company plans to set up a new facility for making mobile phones at Dehradun. It is expected to be

operational by next year. The company has launched seven models between a price range of `1600

to `3500.

<http://economictimes.indiatimes.com/news/news-by-industry/cons-

products/electronics/Weston-forays-into-mobile-handset-market/articleshow/6606773.cms 

>

 ____________________________________________________________________

Nirma's surprise delisting plan stokes sell-off buzzThe surprise announcement by the `4,600-crore Nirma to delist itself is being viewed as a decision

taken by a fiercely-private person to keep his company away from the public glare. There are rumors

suggesting that a major restructuring or even a sell-off may be in the offing after the company’s

board announced delisting of the soaps-to-chemicals company from BSE and NSE. Started byKarsanbhai Patel, who would sell home-made detergents on a bicycle in the 1970s, Nirma took on

the might of FMCG giants like Hindustan Unilever and Proctor &amp; Gamble (P&G) in the eighties,

with low-priced (one-third) products.

< http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Nirmas-

surprise-delisting-plan-stokes-sell-off-buzz/articleshow/6726492.cms >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 6 

Detergent prices may rise on duty fearsThe `12,000-crore detergent industries, teeming with as many as 1,000 brands, is in a bit of a

quandary. The prices of detergents could go up by 10-12 % if an anti-dumping duty is imposed, as

companies operate on very thin margins. Director General Safeguards had imposed a 16% safeguard

duty on soda ash imports from China from April 20, 2010 to April 19, 2011 and 14% safeguard duty

on imports from China from April 20, 2011 to April 19, 2012. The presence of such duties on

ingredients of detergents is an anomaly. It will be cheaper to import mass market detergents into

India than make them in the country. This presents a great threat to the large, medium and small-

scale detergent manufacturers in the country.

< http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Detergent-

prices-may-rise-on-duty-fears/articleshow/6705184.cms >

 ____________________________________________________________________

Shree Renuka receives orders for supply of 118m litres ethanolThe excess supply could make the ethanol-blending programme a success this year, as there has

always been a shortfall in availability of ethanol since its launch in 2006.

With cane production estimated to be higher this year, resulting in availability outstripping demand

for sugar production, sugar-makers may find this an opportune year to produce ethanol. The

country's largest sugar refiner, Shree Renuka Sugars, today said it has received orders for the supply

of 118 million litres of ethanol to oil marketing companies in five states for a period of one year.

< http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Shree-

Renuka-receives-orders-for-supply-of-118m-litres-ethanol/articleshow/6699609.cms >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 7  

IT & TELECOM 

US Prez and team rely on Indian software for data visualizationThe global market is slowly and steadily being covered by Indians as rising number of Indian start-

ups like FusionCharts, Zoho, salaree.com, tringme, deskaway, kayako are in demand for data

visualization. Moreover, US President Barack Obama along with his team rely heavily on made-in-

India software like Fusion Charts to maintain the protectionist agenda.

India is IT hub and the global acceptance has opened a whole new world for techies. Nasscom

estimates that there are over 650 such start-ups in India involved in product development.

Additionally, it has been reported that the young tech product development in India shall reach a

whooping amount of $12 billion by 2015.

< http://itvoir.com/portal/news/News/US-Prez-and-team-rely-on-Indian-software-for-data-visualization-8-385.asp > 

 ____________________________________________________________________

Cognizant signs multi-million dollar deal with global firm 3MIT services provider Cognizant Technology today said it has signed a multi-million dollar deal with

global firm 3M, which manufactures brands such as Scotch Brite. The deal includes a range of 

application development and related services to drive operational efficiencies and improve

productivity of 3M, Cognizant said in a statement.

< http://economictimes.indiatimes.com/infotech/ites/Cognizant-signs-multi-million-dollar-deal-

with-global-firm-3M/articleshow/6731688.cms > 

 ____________________________________________________________________

Demand for premium smartphones going strongDemand for high-end smartphones will continue to be strong as customers upgrade their mobile

phones and first-time users increasingly reach for premium handsets, an executive of Taiwan's HTC

Corp said. HTC, like Samsung and LG, is among those who are set to make new handsets withMicrosoft's Windows Phone Software, which will be introduced later on Monday. HTC, the world's

No. 4 smartphone brand, is pushing into the increasingly important mobile services sector and

recently introduced two new handsets using Google's Android software.

< http://economictimes.indiatimes.com/infotech/hardware/HTC-says-demand-for-premium-

smartphones-going-strong/articleshow/6730340.cms  >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 8  

 Asia Pacific regions anticipate bigger IT budgets in the coming yearsThe coming year would see a drastic rise in IT budgets; courtesy software upgrades and

implementations. The majority of companies in Asia-Pacific region are foreseeing around 10% of rise

in IT budgets. Around 44% of the firms are expecting a rise in IT budgets. The survey firm cited that

Asia-Pacific regions were not hit hard by recession and are now returning to growth. Asia Pacific

regions are keeping cloud on less priority; at this point their focus is high on Desktop Virtualization

and other related technologies.

< http://itvoir.com/portal/news/Corporate-News/Netbooks-market-can-surge-by-20--4-607.asp  > 

 ____________________________________________________________________

Cisco Eyes Skype AcquisitionCisco reportedly is considering buying Skype before the VOIP and video conferencing vendor enters

into its planned IPO later this year. It would continue Cisco’s push into video. Skype officials are inplanning stages for their expected IPO, which they announced Aug. 9. But reports are circulating that

Cisco Systems may derail those plans by buying the VOIP vendor.

< http://www.eweek.com/c/a/VOIP-and-Telephony/Cisco-Eyes-Skype-Acquisition-Reports-557000/ 

>

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B-Gyan Newsletter 06.10.2010-12.10.2010 9 

MANUFACTURING

Material Breakthrough Wins Nobel PrizeTwo scientists have been awarded the Nobel Prize for Physics for their groundbreaking work on a

material with amazing properties. Andre Geim and Konstantin Novoselov, both at Manchester

University, won the coveted prize for research on graphene. Graphene is a flat sheet of carbon just

one atom thick; it is almost completely transparent and also extremely strong and a good conductor

of electricity. According to the Nobel Prize Foundation, the material could lead to the manufacture

of new and innovative electronics, including faster computers.

< http://www.manufacturingdigital.com/news/nobel-prize-physics/material-breakthrough-wins-

nobel-prize >

 ____________________________________________________________________

Daimler India is open to contract manufacturing for others at ChennaiDaimler India Commercial Vehicles is evaluating possibilities of tying up with other global group

companies for contract manufacturing at its upcoming facility near Chennai. Daimler India

Commercial Vehicles (DICV) is investing ` 4,400 crore for a new facility at Oragadam in Tamil Nadu.

DICV has plans to introduce a range of trucks in 6-49 tonnes category under a completely new brand

for its proposed entry into India's commercial vehicle market in 2012. Globally, Daimler's truck

brands include Mercedes-Benz, Freightliner, Fuso, Western Star, and Detroit Diesel.

< http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Open-to-

contract-manufacturing-for-others-at-Chennai-Daimler-/articleshow/6699582.cms >

 ____________________________________________________________________

Ford looks to drive in EcoBoost techUS car maker Ford is planning to introduce EcoBoost technology for its upcoming eight new vehicles

for the Indian market in the next five years. The company has launched this technology for its cars in

the US. Ford’s EcoBoost engine technology was introduced a year ago in the US and has met withgreat response. These engines sport 20% better fuel efficiency and 15% lesser emissions.

< http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Ford-looks-to-drive-

in-EcoBoost-tech/articleshow/6703408.cms >

 ____________________________________________________________________

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B-Gyan Newsletter 06.10.2010-12.10.2010 10  

 Auto sales momentum to rev up further on festive demandThe Indian auto industry has sharply increased its sales forecast for this fiscal after reporting more

than 30% rise in car sales for the third straight month as new launches and easy finance helped keep

strong demand intact in September. With more people expected to buy cars and two-wheelers in

the festive season, the Society of Indian Automobile Manufacturers (SIAM) on Friday increased its

growth forecast for 2010-11 to 18-20% from 13%.

< http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Auto-sales-

momentum-to-rev-up-further-on-festive-demand/articleshow/6716204.cms >

 ____________________________________________________________________

Google Unleashes Robot CarsEngineers at Google have been testing a self driven robotic car in California. The cars use video

cameras mounted on the roof, radar sensors and a laser range finder to navigate roads and detect

traffic. The cars are also reported to be using Google Maps to navigate the streets of California.

While this project is very much in the experimental stage, it provides a glimpse of what

transportation might look like in the future thanks to advanced computer science.

< http://www.manufacturingdigital.com/news/google-street-view/google-unleashes-robot-cars >

 ____________________________________________________________________