Index

Sr. No. Topic Page No.

1 Operations & Company News 03

2 Marketing News 05

3 Human Resources News 07

4 Finance News 09

5 Editorial Team 11

OPERATIONS & Company news

Maggi Controversy to Change Packaged Food Standards?

Cerelac, Starbucks, Mother Dairy and more:

After Maggi, the list of food items facing scrutiny

is now growing. The central food safety

regulator FSSAI has recently asked state food

regulators to test all packaged food items across

the country. There are more products that are

found unsafe in the process, and more might

follow.

The Ministry of Food Processing Industries

estimates the size of the processed food market in India to be over $100 billion and expects it to grow

further at a healthy rate. The safety aspects of the processed the sector assumes great importance in this

way too. Market analyzer Nomura has predicted these moments to be a possible stepping stone in the

evolution of the country's packaged and processed food industry to strive for better standards.

To read the complete article, go to: http://goo.gl/Vno1p6

Make-In-India Should Not Entirely Focus on Global Market: Raghuram Rajan

Reserve Bank Governor Raghuram Rajan said THAT it was

a 'worthwhile ambition' to pursue Make-In-India campaign

but cautioned that the whole effort should not be made

towards producing for overseas markets as global

slowdown could create problems. The Reserve Bank chief

also underlined the need for creating conducive regulatory

atmosphere and infrastructure for promoting

manufacturing and services sector.

Rajan underlined the need for modifying labour laws to

promote manufacturing and encourage companies to grow

large. The conditions that promote industry, he said, include decent infrastructure, power, connectivity,

human capital, good business regulation. Rajan said once the atmosphere is conducive for manufacturing

in the country, it should be best left to young entrepreneurs to decide what they want to do.

Read more at: http://goo.gl/9NMSYE

Apple Mines Big Profits from Watch Band

Nearly 20 percent of Apple Watch buyers are not

only shelling out hundreds of dollars for the

timepiece but are springing for a spare band too,

giving the tech giant a profitable second dip into

customers' wallets, according to data provided

exclusively to Reuters. With the watch, Apple has put

a high-tech spin on the razor-blade business model,

in which a company sells a product for a modest

price and then profits from sales of accessories.

The ever-secretive company has yet to release how many units of the watch it has sold, let alone how

profitable it is. Slice estimates the company has sold 2.79 million as of mid-June. But if the band purchases

are any indication, sales of the watch itself are just the beginning of Apple's profits. Although the entry-

level sports band retails for $49, it costs only about $2.05 to make, according to an analysis of the 38-

millimeter size by IHS, a technology research firm.

To know more, click on: http://goo.gl/zWroaE

MARKETING

Barbie Revamps Marketing Following Diverse Product Makeover

Earlier this month, Mattel began rolling out the new Barbie

Fashionistas line -- a collection of 23 dolls that feature eight skin

tones, 14 different facial sculpts, 18 eye colors, 22 hairstyles,

and 23 hair colors and fashions. The toymaker aims to make

Barbie more culturally diverse and reflective of the world in

which we live. Now, her marketing is getting a similar shake-up.

In its latest campaign, Mattel is refreshing its approach to TV,

while exploring digital and social to build the doll's role in pop culture.

http://www.adageindia.in/marketing/cmo-strategy/barbie-revamps-marketing-following-diverse-

product-makeover/articleshow/47706273.cms

Angel Soft Celebrates Single Moms for Father's Day

"Dadvertising" has become massively popular with

marketers in recent years as they try to tap the pride of

dads getting more involved in childrearing and tug at

the heartstrings of moms who like seeing touching

moments of dads with kids.

But in a decided zag amid all the dad-back-patting zigs,

Angel Soft and its new agency, Interpublic Group of

Cos.' Deutsch, Los Angeles, are celebrating single moms

in a video titled "Happy Father's Day, Mom," breaking

today on Facebook and YouTube. In a series of sometimes tearful accounts, adults in the video recount

how their moms had to take on the role of dad too, and wish them a happy Father's Day.

What does all this have to do with toilet paper? Single moms, like Angel Soft, have to be both soft and

strong, the video points out. The new tagline for the brand, owned by Koch Industries' Georgia-Pacific, is

"Be Soft. Be Strong."

http://www.adageindia.in/marketing/cmo-strategy/angel-soft-celebrates-single-moms-for-fathers-

day/articleshow/47676560.cms

India’s first lesbian ad goes viral

The country's first advertisement showing a lesbian couple preparing

to meet the parents is making waves on social media. The online video

shows two women in a live-in relationship flirting and dressing up for

the day, chatting about the expectations they face and their love for

each other.

Titled 'The Visit', the ad for a fashion portal's ethnic wear collection

has got over 2 lakh hits on YouTube over 10 days.

http://timesofindia.indiatimes.com/tech/social/Indias-first-lesbian-

ad-goes-viral/articleshow/47621295.cms

HUMAN RESOURCEs

India Inc. Charged Up About Hiring In July-Sept

India Inc. is hopeful of buoyant hiring in the July-September quarter,

according to the latest Manpower Employment Outlook

Survey. Manpower Group, which held a similar survey in over 40

countries (including India), reports that Taiwan, India, Japan, Hong Kong

and the US are the strongest in their hiring outlook.

Companies from sectors like finance, insurance, real estate, services,

mining and construction are the most optimistic. Public administration

and education sectors reported significant decline in hiring outlook and

plans, the report states. Also, employers in the South and East

anticipate the most opportunities for job seekers in the months ahead.

In the year-on-year comparison, of the four regions, only East India remains positive in its hiring outlook

for the next quarter.

Read more at: http://goo.gl/HU4BcY

Deutsche Bank Co-Chief Executive Anshu Jain Resigns After Struggle With

Regulatory Woes

Anshu Jain's departure comes at an especially troubled time for Deutsche Bank, which has been battered by regulatory investigations relating to money laundering and rigging of benchmark interest rates. Its share price has underperformed and investors responded with lukewarm backing for a strategy review at its May shareholder meeting. People familiar with Jain's thinking at Deutsche said he

quit after drawing up a strategic plan and road map to

be implemented over the next few years. Deutsche has changed a lot after Jain and Fitschen took charge,

consolidating its position as the only global European financial services giant. Businesses other than

investment bank have grown in size and Jain believed it was the right time to bow out. Much of Deutsche's

problems can be traced to the investment banking business that Jain headed till he became the co-CEO.

It was the dynamo that powered Deutsche Bank's growth but it also became the source of problems with

regulators.

Read the entire article at: http://goo.gl/Y48Fg8

Vedanta Founder Prefers Professional Managers to Family Managers

Anil Agarwal wants to break away

from the traditional Indian way of

doing things when it comes to

succession planning. Soon after he

announced the merger of oil explorer

Cairn India with Vedanta Ltd.,

the founder of the $12.9 billion

Vedanta group said he wants to

separate ownership and management,

appointing professional managers

rather than kin to top posts.

His mandate is to run the company as

chief executive and hire the best

managers besides formalising and

executing a growth strategy. Such professionals know technology and can look at the bigger picture from

the perspective of having run large projects for global natural resources companies, Anil Agarwal said.

“They are focused on sustainability, an environment policy and our team learns to run companies

professionally,” he said. “I would like to see Vedanta as a transparent and professionally run company…

by the people and for the people.”

Consultants said the separation of ownership and management, common among large overseas

companies, is now being followed in India as well. As businesses achieve scale, corporate governance also

plays a key role in encouraging such a transition.

To know more, click on: http://goo.gl/HfzU9u

FINANCE

RBI Cuts Rates for Third Time to Put Indian Growth on Firmer Footing

After the quarter point reduction in the repo rate, it

currently stands at 7.25 percent. Previous cuts in

January and March had also been by 25 basis points.

The reduction showed policymakers recognized the

need to put the economy on a sounder footing,

regardless of data released on Friday that showed

India outpaced China by growing 7.5 percent in the

March quarter.

The Reserve Bank of India also left open the

possibility of further cuts later this year, even with

forecasts of a below-average monsoon that could

put pressure on food prices. But while Rajan said the

RBI would remain on the "disinflationary path", further easing would now depend on the outcome of

India's annual rainy season and government moves to ease the pressure on food prices, which make up

almost half the basket of goods used to measure inflation.

Read the whole article by clicking on: http://goo.gl/xTbcYB

Further read the analysis by industry experts: http://goo.gl/zVw8os

Fed May Hike Just Once In 2015 As Yellen Strikes Less Certain Tone

The very real possibility that Federal Reserve Chair Janet Yellen may be

one of the five who now prefer a single rate hike in 2015 rather than

among an equal number who prefer two, is bolstering the view that the

Fed may not deliver until late in the year. The Fed has kept interest rates

near zero since December 2008, and on Wednesday unanimously voted

to keep them there. "While we cannot be certain, our best guess is that Fed Chair Yellen now

anticipates only one increase this year - an important shift in the committee’s center of gravity," Goldman

Sachs economists Jan Hatzius and Zach Pandl wrote in a note advising clients they now expect the Fed to

wait until December to raise rates, from September previously.

Some economists also note that if a Greek default and an exit from the euro currency alliance were to

ignite turmoil in global markets, or if investors dumped bonds and sent long-term rates soaring, the Fed

might decide to put off a rate increase until next year.

To know more, visit: http://goo.gl/zVw8os

IMF Dismisses Hope of Grace Period on Greek Loans

The IMF dashed any hope on Thursday that Greece could

avert default if it fails to repay a 1.6 billion loan by the end

of June, piling pressure on leftist Prime Minister Alexis

Tsipras, who showed no sign of yielding to creditors'

demands. Greece has confirmed that the government

does not have the money to repay the IMF loan, which is

the first in a series of debt repayments over the summer.

If Greece defaults on its debts, it could require capital

controls that would potentially turf it out of the euro zone or the EU itself, becoming the first country ever

to exit the bloc. Greeks have been squeezed by five years of budget cuts demanded by the European

Commission, the International Monetary Fund and the European Central Bank in two bailouts. But opinion

polls suggest the majority want to stay in the euro.

The entire article can be read at: https://goo.gl/1HLozr

Editorial team

NOTE: This E-Magazine is for internal circulation among the students of Narsee Monjee College

of Commerce and Economics only. This magazine is a monthly news digest, its purpose is to

collect and highlight some articles for the perusal of the said students. The Editorial Team

claims no credit for the articles in the magazine. The names of students mentioned in the

articles are the collectors, not original authors.