Detroit’s fall: Things to know about Chapter 9 bankruptcy protection
As Detroit filed for bankruptcy on July
18, 2013. Let us know what led to Detroit’s fall and what is Chapter 9
bankruptcy protection in US Federal law.
FIIs pull out $3 bn from Indian capital
markets in July
The
weakness in the Indian currency was instrumental in overseas investors exiting
the debt markets. FIIs, a major participant in Indian stock market, have pulled out
more than Rs. 17,000 crores (about $3 billion) from the Indian
capital so far this month.
Wal-Mart tells government it cannot meet 30%
sourcing clause
The retail
giant Walmart has expressed its concern over the sourcing restriction. As per
the foreign direct investment (FDI) policy for multi-brand retail trading, at
least 30% of the value of procurement of manufactured/processed products shall
be sourced from Indian 'small industries’. The retail major has stated that it
can procure only about 20%.
Maruti SX4, Toyota Corolla Altis to attract
27% excise
The
Revenue Department has clarified that sedans such as Maruti SX4
and Toyota Corolla Altis will not come under the slab of 30 per cent excise
duty applied to sports utility vehicles (SUVs). The Central Board of Excise and
Custom said these models, which are known as sedans, will attract 27 per cent
excise duty, as applicable to large cars.
The Chinese economic slowdown and what it
means for India
Opportunities:
1. More scope
for improving domestic manufacturing sector for India.
2. Reduced
commodity prices, especially imports.
Threats:
1. Iron ore
is a major export from India to China. This revenue will get affected.
Why Warren Buffett, Posco and others are giving up on India
What’s
scaring foreigners away? Why they are pulling out their money from Indian
market?
Consumers more confident globally, India slips to No. 3 in survey
Survey by
Nielson showed that India ranked 3rd in terms of most bullish
consumer market in the second quarter.
10 things you must know about Apple:
1. World’s second largest information technology company.
2. World’s third largest phone maker.
3. Average profit margins of 40% compared to industrial average of
10%-20%.
4. World’s second largest publicly traded firm by market
capitalization.
5. Transition of the logo
6. Apple is very well known for its flat structure. Each project
has a DRI (Direct responsible individual) who owns total end to end ownership
of the project. At Apple, employees are specialists who are not exposed to
functions outside their area of expertise.
7. Adopted agency pricing model for its e-books. For more
information, please refer
9. Overall profit fell to $ 6.9 billion from $ 8.8 billion a year
ago, while its total revenues were only $ 300 million more than the same period
in 2012. However, company shares were up more than 3 per cent to $ 432, but
still a long way off their record high of over $ 700 in September 2012.
10. Planning to launch a new television and a smart watch in the
near future.
Good start.
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