Management Board: Shri K L GUPTA (CHAIRMAN)
SHRI B L GUPTA (VICE-CHAIRMAN)
SHRI GAURAV GUPTA
SHRI DEEPAK GUPTA
EDITOR-IN-CHIEF: Dr ANSHUL SHARMA
EDITOR-IN-Charge: MR.VIVEK SRIVASTAVA
Faculty Support : DR HIMANSHU MITTAL,
MR.PRASHANT DEV YADAV
MS NEHA SHARMA
Circulation –In –Charge: Mr Sameer Dwivedi
Administrative Support: DR OM PRAKASH SHARMA
Student support: MR RAXIT JOSHI
MR KAMLESH JOSHI
Being the Editor In chief of the GNIOT College of Management, E magazine it gives me great
pleasure to bring to you this issue. It was quite inspiring to watch and witness the potential of
our students unfolding at various stages and situations each day. It is designed to present to its
readers the various events, methods and applications related with new developments and
perspectives in the field of management and business.
With a sense of pride and satisfaction I would like to say that with the active support of the
management, faculty and students, this magazine has come alive. With all the efforts and
contributions put in by the students, I hope the magazine will bring creative talents of the
students of the institute.
Congratulations to the editorial team for their determined efforts in bringing out this magazine.
Dr.Anshul Sharma
(Editor –In –Chief)
Dear Readers,
I feel privileged in presenting the third issue of our institute e- magazine. I would like to place on
record my gratitude and heartfelt thanks to all those who have contributed to make this effort a
success. My special thanks are to Dr.Anshul Sharma, Director- for his guidance which enabling
me to bring out this volume-3. It is my moral duty to thank him for giving support and
encouragement and a free hand in this endeavor. The magazine also showcases the talents of
our faculty members and students. With a sense of pride and satisfaction I would like to say that
with the active support of the management, faculty and students, e –magazine has come alive
.With all the efforts and contributions put in by the students, I truly hope that the pages that
follow will make some interesting reading.
Last but not the least I am thankful to all the authors who have send their articles and readers
who made this magazine so popular.
VIVEK SRIVASTAVA
EDITOR-IN-CHARGE
DR. HIMANSHU MITTAL
IBM signs $1.25 billion WPP Wire and Plastic Products cloud deal
IBM is enjoying a wave of major technology outsourcing deals from European customers in the
fourth quarter and the new contract signings are not over yet, an executive for the computer
services giant said in an interview.
IBM announced the third in a string of billion dollar plus contracts, saying it had won a seven-
year, $1.25 billion deal with WPP, the world's top advertising firm , to run WPP operations in the
cloud.IBM disclosed a multibillion-dollar deal to provide computer infrastructure services to
Dutch bank ABN Amro. And last month, Lufthansa agreed a $1.25 billion contract for IBM to
take over the German airline's information technology operations and staff.
The common theme among European customers is their growing willingness to embrace the
global corporate shift to Internet-based computing, or so-called cloud services, but while
demanding several local twists.IBM seeks to differentiate its offering by focusing on hybrid
clouds, which mix together the private, on-premise computer systems for which it has long been
known with newer public-facing Internet, mobile and analytics systems, allowing clients to move
existing systems to the cloud at their own pace.
This hybrid approach means companies can wait for years before they consider moving their
most sensitive core financial systems to the cloud computers. It also gives them the option of
never having to move. European clients demand that their data remain stored locally in
European data center, a requirement IBM has met by building seven public cloud data centers
across Europe in London, Amsterdam, Paris and one in Germany, with another to follow their
shortly. WPP's deal will allow the London-based company to stitch together the operations of the
more than 300 agencies it has acquired through a relentless roll-up of the advertising business
over the past decade and more.
NEHA SHARMA
SPICE JET’S LOSS IS OTHER CARRIERS’ GAIN
Spice Jet’s fall from grace has led the cash registers ringing for other Indian carriers. Troubles at
Kalanithi Maran-owned low cost carrier (LCC) started from mid-November when leasers started
repossessing aircraft, leading to reduction of flights. As Spice Jet’s slashed its schedule, passengers of
its cancelled flights made a beeline for other carriers -mainly Indigo and Jet. State-owned Air India,
which is being kept alive by pumping in thousands of crores of tax-payers' money , could not capitalize
on the situation. It actually saw its market share drop by two percentage points from October to
November, 2014. AI (domestic) even pipped Spice Jet in terms of numbers of passengers being
affected by flight cancellations. As many as 4,242 AI passengers had seen their flights cancelled, while
the figure for Spice Jet was 3,290. And, 27,200 AI (domestic) flyers faced delays of over two hours.
Spice Jet operated over 140 flights by evening and had six cancellations by then -out of its truncated
schedule of 230 daily flights. Oil companies have put Spice Jet on cash-and-carry and the LCC is
paying cash to get fuel. Full service carriers, Jet and AI, are now planning to fill in the void created by
Spice Jet's flight reduction. They are both planning to deploy wide body aircraft on domestic routes. AI
has three Boeing 777-200 (long range) which it will lease out by next summer. It plans to utilize these
three twin aisle planes on domestic sector till then. Jet introduced 12 additional daily flights on
domestic routes. It will deploy wide body Airbus A-330 on routes like Delhi Bengaluru-Delhi and Delhi
Chennai-Delhi from next Tuesday to January 29, 2015.
SAMEER DWIVEDI
Financial Technologies rallies 6% on Stake Sale
Financial Technologies rallied more than 6% that it has signed a deal with top-notch investor
Rakesh Jhunjhunwala, financial major Edelweiss and others. Financial Technologies came
under pressure after Jignesh Shah, chairman and group chief executive of Financial
Technologies (India) Ltd was arrested after the NSELscam. FTIL was been found unfit to hold
shares in bourses.
The report said that it will sale its 100% stake in MCX-SX comprising of 2,70,00,000 equity
shares and 56,24,60,000 warrants for an aggregate consideration of Rs. 88,419 Crores. However,
the transaction is subject to fulfilment of certain condition precedents including regulatory
approvals. Shares of the Financial Technologies were seen trading higher by 5.97% at Rs 191.65
on BSE at 1.10 PM IST. It touched an intra-day high of Rs 194.50 during the trade.
NAME- SANJAY KUMAR
ID- 1410045
LG launches Bello smartphone at Rs 18,500
South Korean electronics firm LG Electronics launched a smartphone under its L series, Bello,
priced at Rs 18,500 in India.
LG L Bello is a mid-tier Smartphone, which has been developed as an affordable yet powerful
alternative to its G3 flagship handset, the firm said in a statement. The handset features a 5-
inch IPS display with 2,540 mAh battery combined with 1.3 GHz quad core processor. It has 1
GB RAM and 8 GB of internal memory, it added.
The Android KitKat-powered Smartphone has a 8 megapixel rear camera with powerful features,
including Touch and Shoot whereby one can simply touch anywhere on the screen, focus and
get instant shots.
Besides, the Gesture Shot enables users to take selfies with a mere hand gesture. It features a
front camera light that captures perfect selfies in low lit settings through the use of bright flesh-
tone illumination framed around the subject.
Bello also has UX features like Knock Code, Smart Keyboard, Guest Mode, Capture Plus, Easy
Home, QSlide and QuickMemo+. The mobile phone has colour options like white, titan black and
gold.
Bello is the perfect choice for budget-conscious young people who are active users of social
media. It presents the most practical and convenient user experience in the mid-tier smartphone
market
NAME:-PULKIT ARYA
ID:- 1410032
Rolls-Royce launches Ghost Series II at Rs 4.50 cr
British ultra-luxury car maker Rolls-Royce rolled out its latest offering Ghost Series II in the
domestic market, priced at Rs 4.50 crore and pitched for lower taxes to spur growth in the ultra
luxury car segment in the country.
The British ultra-luxury car maker, which entered the Indian market in 2005, currently sells
three models — Phantom, Ghost and Wraith, through five dealerships across the country.Ghost
was first launched in India in 2009.Rolls-Royce has so far sold 250 units of its three models
since 2005.Building on this success, is Ghost II series which comes with innovative technological
design and engineering features.
NAME :- AAYUSH
DHOOPAR
ID:- 1410005
BMW has developed street lights equipped with sockets to charge
electric cars
BMW said it has made two prototype "Light and Charge" street lights which combine efficient
Light Emitting Diodes (LED) with the company's ChargeNow recharging stations for electric cars.
Two street lights are already installed in front of the BMW headquarters. Drivers will be able to
pay to charge their cars via a mobile phone app.BMW has developed some of the most advanced
electric cars, including the i3 city vehicle and i8 hybrid. But electric cars as a product category
have struggled to gain widespread popularity due to their limited operating range, the scarcity of
charging stations and the time it takes to recharge them.
BMW and other car makers are increasingly expanding their know-how of electric cars and
related technology that could broaden their appeal.BMW has already invested into software and
applications that help drivers of electric cars find a parking space and charging stations,
including investments into Justpark.com and the SLAM charging network.
BMW executives recently met with rival Tesla Motors to discuss the availability of electric vehicle
charging stations.
NAME- ABISHEK ANAND
ID- 1410019
(1) Rupee falls 14 paise to end at over one-week low of
62.02 against dollar
Declining for a third consecutive session on the back of dollar demand from oil companies and
caution ahead of consumer price inflation data later in the week.
Foreign institutional investors sold Indian shares worth 2.21 billion rupees, exchange data
shows, which also weighed on the rupee. Analysts expect the rupee to remain range-bound
ahead of consumer price inflation data due on Friday. A Reuters poll showed retail inflation in
November likely slowed to record low of 4.5 per cent.
The partially convertible rupee closed weaker at 62.02/03 per dollar, compared with Tuesday's
close of 61.88/89. The currency had earlier weakened to as much as 62.0475 to the dollar, its
weakest since Dec 1, 2014.
The fall bucked the trend of higher Asian currencies on Wednesday as the yen briefly
strengthened past 119 per dollar, prompting short-covering in regional units despite rising risks
of deflation in China. In the offshore non-deliverable forwards, the one – month contract was at
62.35, while the three- month was at 62.87.
(2)Indian companies ink pact to buy $2.1 billion diamonds from
Russia
Twelve Indian companies will buy diamonds worth USD 2.1 billion in the next three years
directly from Russian diamond mining giant ALROSA.
These companies have signed three-year contracts with ALROSA during the ongoing World
Diamond Conference being inaugurated by Prime Minister Narendra Modi and Russian
President Vladimir Putin.
"We have signed 12 contracts with ALROSA today to source diamonds worth USD 2.1 billion in
the next three years," Gems and Jewellery Export Promotion Council Chairman Vipul Shah said
here.
Russia is the world's largest producer of diamond, while India is the world's biggest
manufacturing centre for cut and polished diamonds.The 12 companies including Kiran Gems,
Asian Star and Rosy Blue India have signed separate contracts with ALROSA."Under the
contracts, ALROSA has committed to supply diamonds worth about USD 700 million per year for
a period of three years. This will help the country save considerable amount of commissions
charged by trading hubs," Mumbai-based Rosy Blue India Managing Director Russell
Mehta said.
Each company has tied up for different quantity and different quality of diamond.
The price at which diamonds will be supplied will be decided monthly depending on market
rates.
India meets its rough diamond requirement from Dubai, Antwerp and Belgium. The pact on
direct supply gives an edge to Russia over these countries.
NAME :- RAXIT JOSHI
ID :- 141001
Social networking sites losing out to mobile messaging apps
Growing usage of instant messaging apps such as WeChat and WhatsApp to communicate with
friends is driving users away from social networking sites such as Facebook. According to
GlobalWebIndex (GWI) Research while 83 per cent Internet users globally had Facebook
accounts, only 47 per cent were actively using the website. Likewise, 62 per cent of internet
users have an account on Google+; however, only 23 per cent are active users.
Mobile messaging tools like WeChat and WhatsApp have seen substantial growth during recent
period. Social networks are being treated more passively, meaning the number of people
messaging friends on social networks in now declined. People see mobile messaging apps as an
efficient way to communicate. GWI released a survey in which about 42,000 respondents in the
Asia Pacific region participated, including 5,000 respondents in India, during the year.
In India, 93 per cent said they had a Facebook account but only 48 per cent had active usage.
Also, the number of global users using Facebook to message a friend has continued to decline
from 512 million in Q1 2013 to 402 million in Q4 2013 to 313 million in Q3 2014.
About 28 per cent of respondents from India said they “logged in to see what's happening
without posting/commenting on anything myself” on Facebook, Twitter (23 per cent) and
Google+ (21 per cent).
At the same time, number of people using mobile messaging services has increased from 446
million in Q1 2013 to 538 million in Q4 2013 and 616 million in Q3 2014.
Respondents said they were not interested in using Facebook like before, they were bored or
generally spending less time on social networks as top reasons for using the world's largest
social networking lesser. According to GWI, the top reasons for this surge in usage includes
messaging appbeing free (45 per cent), being quicker than using social networks or text
messages to speak to people (41 per cent) and lots of friends using them (41 per cent).
In Asia Pacific, WeChat was the dominant messaging app (337 million), WhatsApp led the pack
in India. In the last year, the Indian mobile messaging audience grew by 113 percent; we expect
the number of mobile messaging users to continue to grow in the coming quarters.