Currency fluctuations are likely to dent the margins of Indian software exporters in the coming quarters due to ongoing uncertainties in the global economy. The top three IT players in India - Tata Consultancy Services, Infosys, and Wipro - saw effects on their margins from foreign exchange volatility last quarter. As the rupee has strengthened over 3% against the US dollar this year, software exporters face risks to their profits from currency movements.
The Grs Solution Weekly Commodity Report 16 September 2019The GRS Solution
Crude Oil low on last week as concerns about global growth and slowing demand lingered despite hints of progress on U.S.-China trade talks, setting up prices for weekly losses after days of swinging back and forth.
Weekly Currency Round-up - 16th March 2018 moneycorpbank1
At the end of last week, PM Theresa May gave a speech which acknowledged that trade with the EU will become more difficult, the ECJ will continue to have a say on certain matters and some freedom of movement will persist.
Epic Research is leading advisory firm which provides daily Comex report and comex live gold and silver tips after analysis of change in rates of precious metals and following their trends shown every day. This helps our professional Comex trader to invest at the right place and right time.
Daily Forex News February 18th 2013 FCTOFX: The Japanese Yen weakened broadly in the Asian session today as Japan escaped from direct criticism from the G20 on recent policies that drove the sharp currency depreciation. It's reported that Japan received no censure during the meeting and its policies were considered supporting the economy rather than intentional devaluation. The G20's statement just mentioned a pledge not to target the exchange rates for "competitive purposes. Outgoing Bank of Japan governor Shirakawa re-iterated that the Bank's measures "have been and will remain" targeted at achieving a "robust economy through stable prices," and the G20 statement is "absolutely in the same spirit as our monetary policy." It's believed that while Japan might refrain from talking about the currency, it would continue to pursue aggressive fiscal and monetary easing ahead, in particular after the new Bank of Japan governor comes on board.
The Grs Solution Weekly Commodity Report 16 September 2019The GRS Solution
Crude Oil low on last week as concerns about global growth and slowing demand lingered despite hints of progress on U.S.-China trade talks, setting up prices for weekly losses after days of swinging back and forth.
Weekly Currency Round-up - 16th March 2018 moneycorpbank1
At the end of last week, PM Theresa May gave a speech which acknowledged that trade with the EU will become more difficult, the ECJ will continue to have a say on certain matters and some freedom of movement will persist.
Epic Research is leading advisory firm which provides daily Comex report and comex live gold and silver tips after analysis of change in rates of precious metals and following their trends shown every day. This helps our professional Comex trader to invest at the right place and right time.
Daily Forex News February 18th 2013 FCTOFX: The Japanese Yen weakened broadly in the Asian session today as Japan escaped from direct criticism from the G20 on recent policies that drove the sharp currency depreciation. It's reported that Japan received no censure during the meeting and its policies were considered supporting the economy rather than intentional devaluation. The G20's statement just mentioned a pledge not to target the exchange rates for "competitive purposes. Outgoing Bank of Japan governor Shirakawa re-iterated that the Bank's measures "have been and will remain" targeted at achieving a "robust economy through stable prices," and the G20 statement is "absolutely in the same spirit as our monetary policy." It's believed that while Japan might refrain from talking about the currency, it would continue to pursue aggressive fiscal and monetary easing ahead, in particular after the new Bank of Japan governor comes on board.
CapitalStars Award Winning, SEBI registered, ISO certified investment advisory company. We provide intraday & positional services in equity derivative ,commodity & currency. Our research is highly skilled & experienced
For More Information Call On 9977499927.
Or 0731-6690000
On the demand side, there are signs of revival as demand is showing signs of pick up in India as the impact of demonetization fades. Imports also usually jump post the budget as the duty related uncertainty goes away.
Sushil Finance present their daily update on the commodity markets. Read about the latest commodity news, outlook and technical strategies on Gold, Silver, Crude Oil.
Capitalstars Financial Research Private Limited(SEBI Registered, CRISIL-NSIC Rated , ISO Certified) is a research house where we provide calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips also we provide free trials for better Satisfaction.
For More Information Call On 9977499927.
Ignite Budapest #2 - Why everyone should still be pooping their pants about t...Ignite Budapest
Erik D'Amato presents "Why everyone should still be pooping their pants about the world economy" at Ignite Budapest #2, Cotton Club, Budapest, Hungary, 10 November 2009.
Forex and comex daily report 20 june 16vanessa semos
Sapforex24 is a big Hub for making huge money by best Trading signal. If you want Forex and Comex live update, so take our profitable signal.
Read More:- http://sapforex24.com/
Last week the pound strengthened by an average of 0.5% against the other dozen most actively-traded currencies. The main focus for sterling was Brexit, and whether the government could come up with a plan that would avoid alienating half the ruling Conservative party.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
EY Price Point: global oil and gas market outlookEY
As the last quarter of the second pandemic year draws to a close, we continue to see heightened contrast
between the medical and economic points of view. While COVID-19 cases are close to their all-time highs, so
are equity prices, and a leading investment bank declared (on 2 December, 2021 after the Omicron outbreak in South Africa) that it was “optimistic about the possibility of a vibrant 2022.” When news of the variant hit in
late November, the markets were rocked by the prospect of yet another round of local mobility restrictions and
an interrupted return to normal international travel patterns, on top of the Biden Administration’s announced
release of 50 million barrels of crude from the US Strategic Petroleum Reserve. So far though, with OPEC
standing by its planned gradual return to normal production, oil prices have stabilized, albeit below where they
were in mid-November. Henry Hub prices, always at the mercy of the weather, responded predictably to a
warmer-than-normal early winter in the US, falling from US$6.60/MMBtu in early October to below
US$4.00/MMBtu by mid-December. In Europe and Asia, following a short reprieve at the start of the quarter,
piped natural gas prices have spiked again on concerns triggered by Russian troop buildups on the Ukraine
border and uncertainties surrounding the Nordstream 2 pipeline. Looking forward, OPEC and the U.S. Energy
Information Administration (EIA) in their last forecasts of the year both projected that 2022 oil demand would
be above what we saw in 2019. Although time will tell if those forecasts are realized and other events could
intervene, the response to new virus outbreaks is well-practiced and the trade-off between public health and
economic reality has tipped toward a cautiously optimistic view.
EY Price Point: Global Oil and Gas Market Outlook - Q3EY
The oil and gas sector is constantly changing. Increasingly uncertain energy policies, geopolitical complexities, cost management and climate change all present significant challenges. EY’s Global Oil & Gas Sector supports a global network of more than 10,000 oil and gas professionals with extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oil field sub-sectors.
- Bullion counter may witness some profit booking at higher levels as investors will eye
the outcome of FOMC meeting minutes later today. Gold on Wednesday traded near a two-week
high hit in the previous session
EY Price Point: global oil and gas market outlook, Q2 April 2021EY
The theme for this quarter is governed. Apparent market balance at prices that could be sustainable is the product of calculated choices by market leaders and the cooperation of those who follow them. Economics played their customary role as well, with capital scarcity in North America taking about 2 million barrels per day out of the market, about half of the remaining gap in demand. While inventories are close to their pre-COVID-19 levels, there is still uncertainty. The resolution of the pandemic is in sight, but timing is unclear. Vaccine distribution in the US is having an impact but Europe is struggling to contain a third wave of infections. The taps have opened on economic stimulus, but it remains to be seen if policymakers have done enough or if they have overshot the mark.
The shape of the crude oil forward curve has fundamentally changed since the end of the last quarter. In late December of last year, the Brent forward curve was gradually increasing while today, the curve is backwardated. This is a clear sign that the market sees a short-term dynamic that is disconnected from the medium-to-long-term fundamentals. The lasting impact of the COVID-19 pandemic remains to be seen. While many have opined that COVID-19 marks a turning point in energy transition, the IEA recently released a five-year forecast of oil demand that shows steady growth, albeit at rates that are below historical expectations.
Gas markets are a paradox. At the Henry Hub and at LNG destinations, demand grows, investment lags and prices will occasionally attract attention. Traders, so far though, are unconvinced and futures prices don’t indicate imminent scarcity at any link in the value chain.
Gas bulls should pray cause da' bears may own the dayBloomberg LP
U.S. natural gas prices will likely average well below $3 per MMBtu this winter and pressure on Appalachian-basis price differentials will persist as well, hurting Marcellus and Utica shale operators.
The theme for this quarter is inorganic. Although prices climbed in the fourth quarter as the balance of supply and demand tilted in favour of demand, OPEC + restraint was fundamental.
The market is conscious of downside pressures that loom. OPEC + has announced production cuts through to the end of the first quarter. Beyond the first quarter, there is a risk that OPEC + grows weary of supporting the market and reverts to a strategy of growing production, protecting market share and placing pressure on the economics of unconventional producers. Production growth in Brazil and Norway has the potential to consume a significant portion of demand growth expected in 2020. Whether, or the extent to which, US shale output growth continues despite escalating financial strain across the E&P sector will be key in determining whether OPEC + cuts will be sufficient to balance the market in 2020.
In the longer-term, focus remains on the energy mix of the future and its impact on the demand for petroleum products. A number of significant uncertainties remain, including electric vehicle (EV) penetration. EY’s ‘Fueling the Future’ analyzes the outlook under four distinct scenarios. The analysis shows that an inflection point in EV penetration is required by 2022 if the terms of the Paris Accord are to be met.
CapitalStars Award Winning, SEBI registered, ISO certified investment advisory company. We provide intraday & positional services in equity derivative ,commodity & currency. Our research is highly skilled & experienced
For More Information Call On 9977499927.
Or 0731-6690000
On the demand side, there are signs of revival as demand is showing signs of pick up in India as the impact of demonetization fades. Imports also usually jump post the budget as the duty related uncertainty goes away.
Sushil Finance present their daily update on the commodity markets. Read about the latest commodity news, outlook and technical strategies on Gold, Silver, Crude Oil.
Capitalstars Financial Research Private Limited(SEBI Registered, CRISIL-NSIC Rated , ISO Certified) is a research house where we provide calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips also we provide free trials for better Satisfaction.
For More Information Call On 9977499927.
Ignite Budapest #2 - Why everyone should still be pooping their pants about t...Ignite Budapest
Erik D'Amato presents "Why everyone should still be pooping their pants about the world economy" at Ignite Budapest #2, Cotton Club, Budapest, Hungary, 10 November 2009.
Forex and comex daily report 20 june 16vanessa semos
Sapforex24 is a big Hub for making huge money by best Trading signal. If you want Forex and Comex live update, so take our profitable signal.
Read More:- http://sapforex24.com/
Last week the pound strengthened by an average of 0.5% against the other dozen most actively-traded currencies. The main focus for sterling was Brexit, and whether the government could come up with a plan that would avoid alienating half the ruling Conservative party.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
EY Price Point: global oil and gas market outlookEY
As the last quarter of the second pandemic year draws to a close, we continue to see heightened contrast
between the medical and economic points of view. While COVID-19 cases are close to their all-time highs, so
are equity prices, and a leading investment bank declared (on 2 December, 2021 after the Omicron outbreak in South Africa) that it was “optimistic about the possibility of a vibrant 2022.” When news of the variant hit in
late November, the markets were rocked by the prospect of yet another round of local mobility restrictions and
an interrupted return to normal international travel patterns, on top of the Biden Administration’s announced
release of 50 million barrels of crude from the US Strategic Petroleum Reserve. So far though, with OPEC
standing by its planned gradual return to normal production, oil prices have stabilized, albeit below where they
were in mid-November. Henry Hub prices, always at the mercy of the weather, responded predictably to a
warmer-than-normal early winter in the US, falling from US$6.60/MMBtu in early October to below
US$4.00/MMBtu by mid-December. In Europe and Asia, following a short reprieve at the start of the quarter,
piped natural gas prices have spiked again on concerns triggered by Russian troop buildups on the Ukraine
border and uncertainties surrounding the Nordstream 2 pipeline. Looking forward, OPEC and the U.S. Energy
Information Administration (EIA) in their last forecasts of the year both projected that 2022 oil demand would
be above what we saw in 2019. Although time will tell if those forecasts are realized and other events could
intervene, the response to new virus outbreaks is well-practiced and the trade-off between public health and
economic reality has tipped toward a cautiously optimistic view.
EY Price Point: Global Oil and Gas Market Outlook - Q3EY
The oil and gas sector is constantly changing. Increasingly uncertain energy policies, geopolitical complexities, cost management and climate change all present significant challenges. EY’s Global Oil & Gas Sector supports a global network of more than 10,000 oil and gas professionals with extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oil field sub-sectors.
- Bullion counter may witness some profit booking at higher levels as investors will eye
the outcome of FOMC meeting minutes later today. Gold on Wednesday traded near a two-week
high hit in the previous session
EY Price Point: global oil and gas market outlook, Q2 April 2021EY
The theme for this quarter is governed. Apparent market balance at prices that could be sustainable is the product of calculated choices by market leaders and the cooperation of those who follow them. Economics played their customary role as well, with capital scarcity in North America taking about 2 million barrels per day out of the market, about half of the remaining gap in demand. While inventories are close to their pre-COVID-19 levels, there is still uncertainty. The resolution of the pandemic is in sight, but timing is unclear. Vaccine distribution in the US is having an impact but Europe is struggling to contain a third wave of infections. The taps have opened on economic stimulus, but it remains to be seen if policymakers have done enough or if they have overshot the mark.
The shape of the crude oil forward curve has fundamentally changed since the end of the last quarter. In late December of last year, the Brent forward curve was gradually increasing while today, the curve is backwardated. This is a clear sign that the market sees a short-term dynamic that is disconnected from the medium-to-long-term fundamentals. The lasting impact of the COVID-19 pandemic remains to be seen. While many have opined that COVID-19 marks a turning point in energy transition, the IEA recently released a five-year forecast of oil demand that shows steady growth, albeit at rates that are below historical expectations.
Gas markets are a paradox. At the Henry Hub and at LNG destinations, demand grows, investment lags and prices will occasionally attract attention. Traders, so far though, are unconvinced and futures prices don’t indicate imminent scarcity at any link in the value chain.
Gas bulls should pray cause da' bears may own the dayBloomberg LP
U.S. natural gas prices will likely average well below $3 per MMBtu this winter and pressure on Appalachian-basis price differentials will persist as well, hurting Marcellus and Utica shale operators.
The theme for this quarter is inorganic. Although prices climbed in the fourth quarter as the balance of supply and demand tilted in favour of demand, OPEC + restraint was fundamental.
The market is conscious of downside pressures that loom. OPEC + has announced production cuts through to the end of the first quarter. Beyond the first quarter, there is a risk that OPEC + grows weary of supporting the market and reverts to a strategy of growing production, protecting market share and placing pressure on the economics of unconventional producers. Production growth in Brazil and Norway has the potential to consume a significant portion of demand growth expected in 2020. Whether, or the extent to which, US shale output growth continues despite escalating financial strain across the E&P sector will be key in determining whether OPEC + cuts will be sufficient to balance the market in 2020.
In the longer-term, focus remains on the energy mix of the future and its impact on the demand for petroleum products. A number of significant uncertainties remain, including electric vehicle (EV) penetration. EY’s ‘Fueling the Future’ analyzes the outlook under four distinct scenarios. The analysis shows that an inflection point in EV penetration is required by 2022 if the terms of the Paris Accord are to be met.
In this slide share, you will see the market potential of E-bikes in Europe and how the trend of E2Ws is increasing in the rest of the world after China
The founder of Alibaba Jack Ma said that the war will continue for 20 years. The trade war takes a new tern to a war of supremacy of technology. It has been presumed that the next new administration in Washington even cannot withdraw the trade war and it will continue till the raise of China to number one economy of the world toppling USA or until loss of relevance of such war to both the parties.
Manhattan West Weekly Market Commentary 10.14.19 TrevorCharlston
Attention shifted from global economic growth concerns to U.S.-China trade talks last week, and progress towards a resolution helped boost domestic equity markets. The S&P 500 was up 0.66% last week, while the Dow and Nasdaq were up 0.93% and 0.94% respectively. The Dow is the only major index with a year-to-date return below 20%, while the Nasdaq leads the way at 22.45%. The S&P 500 currently has a year-to-date return of 20.38%. Interest rates rose last week as the appetite for risk increased, with the U.S. 10-Year Treasury Note selling off 24 basis points and finishing the week at 1.76%. This appetite for risk was also driven by perceived progress in Brexit discussions between the United Kingdom and European Union.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
2. Currency volatility may hit IT cos' profits in coming
quarters.
Currency fluctuations are likely to dent the margins of Indian software
exporters in the coming quarters, as uncertainties persist in the global
economy.
The country's top three IT players -- Tata Consultancy Services, Infosys
Technologies and Wipro -- were affected by foreign exchange volatility in
the September quarter this fiscal and their profit margins took a hit.
During Q2 FY11, July-September period, the rupee gained over three
per cent against the US dollar, to touch about Rs 45. This year, the rupee
has strengthened more than five per cent against the greenback.
3. B M Munjal family retains rights to Hero Group
The diversified group was divided on a simple principle of ending the
numerous cross holdings between the families of B M Munjal and his three
brothers - O P Munjal, Satyanand Munjal and Late Dayanand Munjal.
According to sources, as part of a family settlement, the rights of the Hero
Group went to the B M Munjal family. However, existing businesses
belonging to the families of his three brothers would be allowed to retain
the Hero brand.
4. India, US working on reducing differences on export
control.
India and US are working on reducing differences on American export
control of dual-use items with an aim of fine-tuning the regime for
India's benefit.
India has also told the US that it is ready to sign the Convention on
Supplementary Compensation on nuclear damages and allayed concerns
of the American companies on account of the newly-enacted Nuclear
Liability law while making it clear that there could be no tampering with
it.
Obama will undertake a three-day visit during which the two countries
will discuss a wide range of bilateral issues aimed at further
strengthening ties, particularly in economic and strategic affairs.
5. High demand of Pak, Chinese onions hit India's export
by 33%.
India's onion exports fell by 33 per cent to 94,800 tons in September on the
back of higher demand and lower prices of Pakistani and Chinese onions.
"India's onion export last month fell to 94,800 tons against 1,41,298 tons a
year earlier, mainly due to exports by Pakistan and China.
The demand of Pakistani and Chinese onions in the overseas markets was
higher, as their prices were lower by USD 50 a ton compared with Indian
onion
6. G20 inks pact to avert trade war
The Group of 20 major economies agreed on Saturday to shun competitive
currency devaluations but stopped short of setting targets to reduce trade
imbalances that are clouding global growth prospects.
At a meeting in South Korea, G20 finance ministers recognized the
quickening shift in economic power away from Western industrial nations
by striking a deal to give emerging nations a bigger voice in the IMF.
A closing communiqué contained no major policy initiative after a U.S.
proposal to limit current account imbalances to 4 percent of gross
domestic product, a measure aimed squarely at shrinking China's surplus,
failed to win broad enough backing.
7. China urges major nations to keep forex rates stable
China's Finance Minister Xie Xuren urged major reserve currency nations
Saturday to follow "responsible" economic policies and keep their foreign
exchange rates relatively stable.
China counters that irresponsibly loose US monetary policy is driving down the
dollar and causing a wave of capital to flood emerging markets in search of higher
yields.
China will continue to boost domestic consumption as part of its efforts to
rebalance its economy over the next five years, the minister said.
The G20 ministers agreed to "refrain from competitive devaluation of currencies"
and aim for more market-determined exchange rate systems.