New Frontiers at Banking Frontiers

The board examination for class X and class XII under the Central Board of Secondary Education will Commence on the first working day March of next year.
Every parent and student gets nervous before the board exams and has numerous queries. We have listed some resources below to enable you to better understand the CBSE board exams and find useful matter within the sites listed below. These CBSE related websites carry all kinds of help and information for tackling the CBSE board exams. You can get solved previous years question papers and much more. In case you already know of some useful site for the CBSE, please send us the link so that other people can use that resource.

Application of psychology course in criminology field

The psychology of a man is the only aspect behind his each and every right or wrong deeds. It sometimes is in the form of devil inside him which invokes him to pursue for theft, robbery, rapes, murder and a lot of such activities in this series. It sometimes also is in the form of auspicious power that makes him pursue the pure path of love, honesty, labour and kindness. So each and every right and wrong deeds of the human is the game of his psychology. And hence each and every criminal acts prevailing in the society is ultimately the fable of the same, psychology. This particular common cause calls for the study of human psychology for banishing the dilemmas prevailing in the society.
Psychology course deals about enlightening the minds of the students with the knowledge to observe and study the mind of the people. It guides the eligible and fascinated students to have an accurate and apt study of the human mind. It’s a child’s play for a psychology student to reveal the truths behind the criminal acts of a culprit. He can well study the gestures, mind make up of the criminal which would have forced him to pursue for such acts.
Psychology course empowers the one with the power to make a criminal reveal the truths, without opting for any physical torture. It solves the tough and mysterious cases in a non-violent way, with the only study of the criminal’s psychology.



rtistic Printing - has now passed the relevant audit for the Ethical Trading Initiative (ETI) social compliance
We are delighted to announce that our factory in China which was purpose built for us in 2007 – Artistic Printing - has now passed the relevant audit for the Ethical Trading Initiative (ETI) social compliance. This audit has been carried out by Intertek over the last few months and was completed on 20th July 2009. A full copy of the report is available on request but for more information about the ETI please refer to the website www.ethicaltrade.org. In brief the aim of the organisation is to improve working and living conditions for workers in global supply chains, to ensure they are free from exploitation and discrimination and work in conditions of freedom and security.
We are obviously very proud that our factory has achieved this status and hope that in turn you will be able to benefit by promoting your own business as sourcing ethically.
In addition to this latest achievement we have recently been re-audited by the BSI and our ISO 9001 status has been updated, confirming continued compliance with the recognised standard for internal Quality Management.
Please let us know if you would like any further information.

Considering the above situation it seems that this buyback tool has been used by the companies to incite positive movement in the scrip. It would also be pertinent to check if these companies had that kind of cash balance to finance their buyback plans, especially since the money markets during that phase were really tight. Surely, none of the companies wanted to dip into their cash reserves to indulge in buybacks?

Remember the summer of 2008? It was a time when the market was crashing down like a war plane shot out of the sky. During that phase of a declining market, companies resorted to various tricks and ideas to somehow hold their nose above water. One of such was the buyback gim­mick which many companies, irrespec­tive of the size and sector, flaunted to attract the investors' fraternity. Some of these companies were successful in their bid and the drop in share prices was therefore milder but then in mid-2009 the prices of these companies spiralled upwards, leaving investors in a tizzy. All this has actually exposed the. mentality of those companies which bluff inves­tors with this buyback tool.
If we go by the data of the companies who announced buyback of their stocks in 2008 and 2009, there have been 62 companies since January 2008 that have gone a buyback spree and the total value supposedly earmarked by them was around Rs 5,919.52 crore. Forty companies out of these have already completed the exercise.
"If we look at these completed cases, on an average these 40 companies have been able to buy back just 49.9 per cent of the total value announced by them earlier," says Jagannadham Thunuguntla, Equity Head, SMC Capital. Certainly this is quite disturb­ing as many investors had been wooed to invest into these companies due to this buyback arrangement. "Only 14 of the 40 companies have actually honoured their commitment of buy­back in full while some of the bigger companies like DLF, Bosch, Godrej and Monet Ispat have bought back just 13, 31, 29 and 24 per cent respectively," Jagannandham adds.

Many investors, lured by the buyback offered by as many as 62 companies during the phase of economic downswing, are now regretting their decision since the markets have made an amazing recovery in a short span of time, says Amit Bhanot

The company plans to raise about Rs 500 crore (incl. green shoe option) from the market to fund its ongo­ing projects and future growth. It is executing the Ritz-Carlton in Bangalore and developing a million sq ft of retail space in Chennai. "Majority of the IPO amount is going to get deployed towards for Ritz-Carlton project in Bangalore and retail development. About Rs 86 crore debt is sitting on the Balance Sheet which we would like to repay and make the company debt-free," informs Vaidyanathan.
As for future, Nitesh already has its hands full with some of the most prestigious projects. Also, the residen­tial, office and retail property market is looking good due to the economic recovery, and with the IPO funds in its kitty, Nitesh would be well-poised to take advantage of the upturn in the real estate market. ~

So what is the recipe of Nitesh's astounding success? The first is the joint development model and the other is partnership with big names. "Two things separate us from the rest. One is the joint development model which has allowed us to grow fast because we don't have to buy land. We work with land­owners, arrange finance through institu­tions and build a brand. The second is we focus on partnerships, whether it is partnership with ITC, Ritz-Carlton or the three large PE funds. That's what has helped us grow in the last five years" explains Shetty. Explaining the rationale and the advantages of the joint develop-
ment model, Executive Director 1. S. Vaidyanathan says, "Joint development model gives larger opportunity with limited capital and enables us to share risks and rewards with the develop­ers. Going forward, joint development model is going to be the real strength of this company" The flip side of the joint develop­ment model is that the company has to find landowners who would be will­ing to enter into such an arrangement. Secondly, since the company does not own land, it cannot develop the land as and when it wants to and will have to depend on the landowner for developing it when the latter wants it to.