EDITED BY

S.HASANUL SULAIMAN
PET ENGINEERING COLLEGE
M.RAJESHWARAN
T.PARAMA KRISHNAN
C.GANESH
A.MOHEMMED SHAHUL
MBA NEWS CLUB
M B A N E W S C L U B , P E T E C . 1 5 O C T O B E R 2 0 1 8
THOUFIK

Government considering tapping NRIs to stem rupee fall

INSIDE THIS
ISSUE:
NEW DELHI: Prime Minister currency that has declined prices, trade tensions and
Narendra Modi’s government more than 14 per cent against rising US interest rates. The
WhatsApp bug let 2
is considering tapping Indians the dollar this year, Asia’s rupee fell 0.4 per cent on
hac ker s hi jack
living overseas to lure foreign worst performer. The risk of Tuesday to a record low of
accounts with a
video call
exchange flows and prop up a 74.39 per dollar.
sagging rupee, according to
European stocks 2 people with knowledge of the
bounce back after matter. Officials from the
global rout finance ministry and the cen- Source:
tral bank are discussing a plan TIMESOFINDIA.Com
AirAsia India ap- 2 to raise money from non- Collected by :
points Sunil resident Indians, the people S.HASANUL SULIAMAN
Bhaskaran as new said asking not to be named Overseas investors have
CEO as the information is not pub- pulled a net $11 billion
lic. An announcement regard- from Indian stocks
Saudi Arabia to 3
ing the method may come as
supply extra oil car-
goes to India in No- early as this month, they said, a widening current-account
vember as Iran without providing further deficit left the rupee vulner-
sanctions loom details. India is seeking to able to the rout in emerging
boost flows to support its markets amid surging oil
Amazon scraps 3
secret AI recruiting
tool that
showed bias against
women
China posts record trade surplus with the
Hindustan Unilever 3
Posts Rs. 1,525 Crore
US in September, Beijing says
Profit In Q2, Beats Ana- A worker transporting steel two largest economies. bitter trade dispute, with
lysts' cables at a steel factory in The September surplus with U.S. President Donald
Nantong, China. the U.S. was larger than Trump taking issue with his
$1249 iPhone XS China recorded a re- China's overall trade surplus country's massive trade defi-
4
Max costs Apple cord trade surplus of $34.13 of $31.69 billion for the cit against China.
$443 to make billion with the U.S. in Sep- month. Source:
tember amid intense trade The world's two largest CNBC.Com
Sensex ends 461 tensions between the world's
4 economies are locked in a Collected by :
points up as rupee,
banking stocks S.HASANUL SULIAMAN
recover; Nifty above
10,450
P AGE 2
WhatsApp bug let hackers hijack accounts with a video call
LONDON: A bug in Face-
book's WhatsApp messag-
ing service allowed hackers
to take over users' applica-
tions when they answered
an incoming video call,
technology websites ZDnet
and The Register reported
on Wednesday. The vulner-
ability, which affected
WhatsApp applications on
Apple and Android smart-
phones, was discovered in
late August and was fixed
European stocks bounce back after global rout;
The pan-European
Stoxx 600 index was up
around 0.7 percent, with
basic resources and autos
seeing the strongest gains.
Germany's Sil-
tronic rose towards the
top of the European
benchmark on Friday, af-
ter Berenberg bank up-
graded its stock recom-
mendation to "hold" from
AirAsia India appoints Sunil Bhaskaran as new CEO
NEW DELHI:
No-frills airline AirAsia
India has appointed Tata
group veter an Sunil
Bhaskaran as chief execu-
tive officer and managing
director, according to a
release. The airline is a joint
venture between Tata Sons
P ET ENGINEERING COLLEGE
by Facebook in early Octo-
ber, according to a techni-
cal disclosure report
posted online. Facebook
did not respond to re-
quests for immediate com-
ment. It is unclear whether
the bug was ever used in an
attack before it was fixed.
"This is a big deal," Travis
Ormandy, a researcher at
Google Project Zero which
discovered the bug, said on
Twitter. "Just ++answering
Siltronic shares jump 6%
"sell." Shares of the Mu-
nich-based company were
more than 6 percent
higher.
Global markets
had been shaken by two
consecutive sessions of
losses in the U.S.
and Malaysia's AirAsia Ber-
had. Bhaskaran's appoint-
ment would be effective
from November 15, AirA-
sia India said in a release
Wednesday. Currently, he
is vice president of corpo-
rate services at Tata Steel
and has over three decades
a call from an attacker
could completely compro-
mise WhatsApp." Facebook
has suffered a string of se-
curity-related problems in
the last year. The company
last week disclosed its
worst-ever security breach
affecting nearly 50 million
accounts.
Source:
TIMESOFINDIA.Com
Collected by :
M.RAJESHWARAN
Source:
CNBC.Com
Collected by :
M.RAJESHWARAN
of experience in the fields
of manufacturing, export
and commercial operations
with the Tata group.
Source:
TIMESOFINDIA.Com
Collected by :
T.PARAMA KRISHNAN
MBA NEWSCLUB,P ET EC.
cargoes to India in November as Iran sanctions loom
SINGAPORE/NEW DELHI:
Saudi Arabia, the world's big-
gest oil exporter, will supply
Indian buyers with an additional
4 million barrels of crude oil in
November, several sources
Amazon scraps secret AI recruiting tool that
showed bias against women
Amazon.com Inc's machine-
learning specialists uncovered a
big problem: their new recruit-
ing engine did not like women.
The team had been building
computer programs since 2014
to review job applicants' re-
sumes with the aim of mecha-
nizing the search for top talent,
five people familiar with the
Hindustan Unilever Posts Rs. 1,525 Crore Profit In Q2,
Consumer major Hindustan
Unilever Ltd reported a 19.5
per cent rise in its September-
quarter profit, beating analysts'
estimates, as sales at its home-
care segment jumped. Profit
rose to Rs. 1,525 crore
($207.08 million) in the three
months ended September 30,
compared with Rs. 1,276 crore
Saudi Arabia to supply extra oil
familiar with the matter said on
Wednesday. The extra cargoes
indicate a willingness by Saudi
Arabia to increase crude supply
to make up the shortfall once
sanctions by the United States
on oil exports from Iran+ , the
third-largest producer in the
Organization of the Petroleum
Exporting Countries (OPEC),
start up on November 4. India
is Iran's top oil client after
China, though several refiners
have indicated they will stop
effort told Reuters. Automation
has been key to Amazon's
e-commerce dominance, be it
inside warehouses or driving
pricing decisions. The com-
pany's experimental hiring tool
used artificial intelligence to
give job candidates scores rang-
ing from one to five stars -
much like shoppers rate prod-
Beats Analysts' Estimates
a year earlier, the company said
in a statement.
Analysts, on average, had ex-
pected a profit of Rs. 1,437
crore, according to I/B/E/S data
from Refinitiv.
Revenue from the Mumbai-
headquartered company's home
-care segment, which includes
P AGE 3
taking Iranian barrels because of
the sanctions. Reliance Indus-
tries Ltd, Hindustan Petroleum
Corp , Bharat Petroleum Corp
and Mangalore Refinery Petro-
chemicals Ltd are seeking an
additional 1 million barrels each
in November from Saudi
Arabia.
Source:
TIMESOFINDIA.Com
Collected by :
T.PARAMA KRISHNAN
ucts on Amazon, some of the
people said. "Everyone wanted
this holy grail," one of the peo-
ple said. "They literally wanted
it to be an engine where I'm
going to give you 100 resumes,
it will spit out the top five, and
we'll hire those."
Source:TIMESOFINDIA.Com
Collected by : C.GANESH
brands such as Vim and Surf
Excel, rose 12.4 per cent
to Rs. 3,080 crore.
Source:
BUSINESSLINE.Com
Collected by:
C.GANESH
 $1249 iPhone XS Max costs Apple $443 to make
Apple likes to keep its mar-
gins high : While it does boast
an impressively large
6.5- inch screen, Ap-
ple’s new iPhone XS
Max also comes with
Apple unveiled three
phones at its Gather
Round media event
earlier this month: The iPhone XS
and iPhone XS Max, which start
at $999 and $1099, respectively;
and the more 'affordable' $749
iPhone XR. Ottawa, Ontario-
based firm TechInsights, which
boasts five in-house teardown
laboratories, took a look inside
the 256GB version of the iPhone
XS Max and worked out how
much its parts and construction
cost Apple. It came up with a final
figure of around $443, just over
$800 less than the retail price. It
goes without saying that this
BOM (bill of materials) estimate
does not take in consideration
the massive R&D expenditures
that go into developing a device
like the iPhone. Apple develops
much of the phone's internals
MBA NEWS
CLUB,PETEC
inhouse as well as the software
which is one of the company's
key differentiators. Techsights did
a similar analysis on the now dis-
continued $999 iPhone X last
year and estimated it cost Apple
around $357.50 per unit. As was
the case with the iPhone X, the
iPhone XS Max’s most expensive
component is the OLED display,
which costs $80.50. The iPhone
X, for comparison, has a 5.8-inch
screen that came in at $77.27.
Source: TIMESOFINDIA.COM
Collected by:
A.MOHEMMED SHAHUL
THOUFIQ

Sensex ends 461 points up as rupee, banking stocks recover;

NEW DELHI:
Markets surged more than 1 per
cent on Wednesday after the
rupee showed some recovery
against the US dollar and the
banking stocks improved. Non-
banking financial companies
(NBFCs) saw some boost with
the State Bank of India (SBI) rais-
ing target for its buying loan port-
folio. The benchmark BSE Sensex
gained 461 points or 1.35 per
cent to end at 34,761, while the
broader NSE Nifty closed 159
points or 1.54 per cent higher at
Nifty above 10,450
form with their stocks surging as
much as 6.10 per cent. On NSE,
sub-indices Nifty PSU Bank and
Nifty Media performed the most,
gaining as much as 5.58 per cent.
The Indian rupee strengthened,
recovering from a record closing
trading sentiment.“There has
been a considerable meltdown in
the past 10-15 days and it’s natu-
ral to see some bounce after
that... There are rumours about
NBFC space being addressed.
The news about SBI buying assets
may have helped,” Dhananjay
Sinha, headinstitutional research,
Emkay Global Financial Services
told news agency Reuters.
Source: TIMESOFINDIA.COM
Collected by:
A.MOHEMMED SHAHUL
THOUFIQ

10,460. Axis Bank, SBI, ICICI low on Tuesday (74.39), as gains

Bank and Yes Bank were among in other Asian peers and stronger
major gainers on the BSE plat- domestic equities helped the