...Do Soaring Price and Mounting Demand in Indian ... Ref. No.: ME0006 Do Soaring Price and Mounting Demand in Indian Gold Market Speak of a Paradox? Demand for gold is a widespread observable fact across the world. However, the major demand for gold comes from five countries, namely India, Italy, Turkey, US and China. Among these countries, which account for 55% of the total gold demand, India’s share alone comes to around 25%. Cultural and religious traditions involving wearing of jewellery play a major role in influencing Indian gold demand. Around 75% of the world demand for gold is jewellery-based and the rest 25% is investment based. Speaking about India’s fondness for gold, Lord John Maynard Keynes is alleged to have remarked, “India’s gold consumption reflects the ‘ruinous love of a barbaric relic’.”1 In India, there is a huge mismatch between demand for and supply of gold. Hutti Gold Mine Company located in Karnataka is the only company in India, which produces gold by mining and processing the gold ore. It produces around 3 tonnes of gold per year. Another source of supply of gold in India has been coming from recycled jewellery/scrap jewellery. In 2006, it was reported that, “Over the past five years, Indians have recycled an average of 105 tonnes of gold per annum.”2 To meet the bulk of the demand, India imports gold. India imports around “700 tonnes of gold a year”.3 In October 2008, demand for gold increased. While this increase in demand for gold was attributed...
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...Do Soaring Price and Mounting Demand in Indian ... Ref. No.: ME0006 op y Do Soaring Price and Mounting Demand in Indian Gold Market Speak of a Paradox? Demand for gold is a widespread observable fact across the world. However, the major demand for gold comes from five countries, namely India, Italy, Turkey, US and China. Among these countries, which account for 55% of the total gold demand, India’s share alone comes to around 25%. Cultural and religious traditions involving wearing of jewellery play a major role in influencing Indian gold demand. Around 75% of the world demand for gold is jewellery-based and the rest 25% is investment based. Speaking about India’s fondness for gold, Lord John Maynard Keynes is alleged to have remarked, “India’s gold consumption reflects the ‘ruinous love of a barbaric relic’.”1 No tC In India, there is a huge mismatch between demand for and supply of gold. Hutti Gold Mine Company located in Karnataka is the only company in India, which produces gold by mining and processing the gold ore. It produces around 3 tonnes of gold per year. Another source of supply of gold in India has been coming from recycled jewellery/scrap jewellery. In 2006, it was reported that, “Over the past five years, Indians have recycled an average of 105 tonnes of gold per annum.”2 To meet the bulk of the demand, India imports gold. India imports around “700 tonnes of gold a year”.3 In October 2008, demand for gold increased. While this increase...
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...achieves the highest return on the overall performance, the limitations such as the macro environment, the assumptions set, and the Shrinkage method used that accidentally downsizes some valuable stocks in out-‐samples as they are closely correlated are being ignored. By contrast, P3 will probably offer a “middle-‐choice” which will bring a promising and more stable return. 1 Portfolio Modeling and Evaluation: Beating the Market Platinum Fund TABLE CONTENT 1.INTRODUCTION 2.DATA 2.1.BASIC INFORMATION 2.2.DATA LIMITATIONS 3 3 3 4 3.METHODOLOGY 3.1. METHODS ON PORTFOLIO MODELING CONSTRUCTION 3.1.1. MARKET PORTFOLIO...
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...9.6%, Mozambique at 7.9% and Malawi at 7.8%. Although Africa is more than a story about resources, it will continue to profit from rising global demand for oil, natural gas, minerals, food, arable land, and the like. Meanwhile, Africa boasts an abundance of riches: 10 percent of the world’s reserves of oil, 40 percent of its gold, and 80 to 90 percent of the chromium and the platinum metal group. Africa has enormous resources for generating energy in several forms (hydroelectric, reserves of petroleum and gas, coal production, uranium production, renewable energy such as solar and geothermal). The mineral industry of Africa is one of the largest mineral industries in the world. Africa is the second biggest continent, with 30 million km² of land, which implies large quantities of resources. For many African countries, mineral exploration and production constitute significant parts of their economies and remain keys to future economic growth. Africa is richly endowed with mineral reserves and ranks first or second in quantity of world reserves of bauxite, cobalt, industrial diamond, phosphate rock, platinum-group metals (PGM), vermiculite, and zirconium. Gold mining is Africa's main mining resource. Africa also possesses a lot of scope in the investment and banking sectors. Africa's...
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...Perusahaan Sumber : Google Platinum Internet Café merupakan sebuah perusahaan yang bergerak di bidang jasa internet dan juga café yang berdiri pada bulan Juli tahun 2009. Karakteristik bisnisnya lebih kepada konsep café internet untuk tempat berkumpul dan mengerjakan tugas. Jasa dan produk yang ditawarkan di sini antara lain persewaan komputer dan internet, percetakan (foto dan kertas), scanning, burning, pulsa, serta café. Jasa yang paling utama adalah persewaan komputer dan internet. Kantor pusat perusahaan terletak di daerah Gelagah Sari dan mempunyai empat cabang dengan nama yang berbeda. Alamat : Jalan Kaliurang Km 5,5 Sleman ,Yogyakarta 55281 Twitter : @platinum_jakal Facebook : Platinum Internet Café Struktur Organisasi Direktur Manajer Umum Manajer Operasional Kepala gudang café Kapten café Manajer Keuangan Manajer Teknis Kasir Café Wakil Manajer Operator Staf multimedia Teknisi khusus game Teknisi komputer umum Wakil Staf Keuangan Keterangan : Operator dalam struktur organisasi juga bertugas sebagai kasir internet. Sumber Informasi Kelompok kami memperoleh data dan informasi mengenai sistem informasi akuntansi perusahaan melalui wawancara langsung dengan manajer operasional Platinum Internet Café. Selain itu,...
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...Value investing is the strategy of purchasing an asset which is trading at a significant discount from its determined intrinsic value. It has long been regarded as a low risk method of providing outstanding investment returns (Klarman 2001). The investment strategy was described by Benjamin Graham and David Dodd in their book, Security Analysis (1940, p. 724). Over subsequent decades the investment approach has evolved utilizing varying fundamental methodologies but always maintaining the principle of investing when a discount to intrinsic value exists. Graham and Dodd (1940, p. 368) referred to this principle as the 'margin of safety'. This essay will explore the various methodologies, expand on the 'margin of safety' concept and discover the factors that have led to the success of the exponents of value investing. Bierig’s (2000) assessment of the Graham and Dodd approach indicated that a value investor doesn’t just follow share market fads but instead ‘searches for stocks selling for less than their intrinsic value’ and after purchasing, waits for market recognition that corrects this discrepancy. Athanassakos (2011b) has illustrated that a search for undervalued stocks is the initial process undertaken. He maintains that these stocks tend to be ‘avoided by large institutional investors’ and are not the ‘glamour stocks everyone wants to own’. Graham (1973, p. 211) describes two methods of searching for fundamentally undervalued stocks; companies selling at a low price to...
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...minimise waste. The central economic problem is how to match finite resources with unlimited wants. With the demand for resources rising as the world economy grows this is becoming more of a challenge. Leading global companies like Anglo American strive to find new solutions to this problem every day. Anglo American is one of the world’s largest mining companies. Its portfolio of mining businesses spans precious metals and minerals – in which it is a global leader in platinum and diamonds, base metals (copper and nickel) and bulk commodities (iron ore, metallurgical coal and thermal coal). The company’s mining operations and extensive pipeline of growth projects are located in southern Africa, South America, Australia, North America and Asia. The purpose of the organisation is set out in a mission statement. In 2008 there was a downturn in world economic activity. This resulted from a loss of confidence in the world financial system. The downturn led to a steep fall in commodity prices such as coal, copper and platinum. By late 2009 these prices started to rise again as demand for commodities increased. Although mining companies are affected by changes in economic activity, mining is a long-term investment business. Firms like Anglo American have to take a long term view of the business. This involves extracting commodities in a sustainable way over a long period of time. The company focuses on those commodities in which it has a favourable position....
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...Mardy Fish handed first-round loss South Africa’s Eskom considers power imports from Mozambique What Zim-Asset has achieved so far July 30, 2015 Business Business Editor WITH the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) now due for mid-term review, keen interest surrounds its implementation and possible outcomes. Anchored on four strategic clusters — value addition and beneficiation, infrastructure and utilities, food security and nutrition, social services and poverty eradication — the five-year development policy is premised on leveraging the country’s natural resources to achieve economic growth through empowerment of ordinary Zimbabweans. An average of 7,3 percent growth target and creation of about two million jobs is to be achieved within the period. Zimbabweans are pinning their hopes on the anticipated turn around, seeking answers on progress made so far. Finance and Economic Development Minister Patrick Chinamasa shares some of the achievements made towards meeting the ideals of the national blue-print. While insisting the economy is on the right path towards recovery, he also captures highlights on progress from mega deals signed between Zimbabwe, China and Russia recently. “As you may all be aware, the Zim-Asset framework covers a number of issues across well defined clusters. We need reliable infrastructure and a strong production base in order to achieve sustainable development,” he told Parliament last week. ...
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...FINANCIAL INSTITUTIONS AND PORTFOLIO MANAGEMENT FINANCIAL INSTITUTIONS AND PORTFOLIO MANAGEMENT Introduction The household has two sources of income namely the husband earning $100,000 per year as a middle level manager in a fortune 500 Company and the wife who is an attorney and also earns $100,000 per year. The couple has no children and as such they do not have expenses such as school fees, upbringing costs for the children. The couple is middle aged and as such their appetite to risk is relatively lower than their younger counterparts and relatively higher than their older counterparts. This report shall therefore create an investment plan for the couple which shall include the portfolio that the couple should invest in order to realize their investment goals and also to help them minimize the risk associated with such an investment. The report shall peg the performance of the portfolio created against a benchmark and shall then discuss the rationale behind the benchmark portfolio selected. The report shall discuss the portfolio performance over the last five years and determine the average weekly returns of the portfolio over the same period and compare it with the returns of the benchmark portfolio. The report shall then calculate the standard deviation of the portfolio and discuss the factors that led to the performance of the portfolio and the benchmark portfolio such as the economy, market specific factors, industry specific factors, as well as country specific...
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...CASE STUDY A STUDY ON “MISMATCH BETWEEN DEMANDS FOR AND SUPPLY OF GOLD’’ CASE STUDY SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF MASTERS OF BUSINESS MANAGEMENT COURSE OF ALLIANCE UNIVERSITY SUBMITTED TO PROF DR.SAMIK SHOME (SENIOUR LECTURER) ALLIANCE BUSINESS SCHOOL SUBMITTED BY ABHISHEK M.R RAHUL CHARU BALDWA SHEIKH PARVESH T.SHAMEEL (2012-14, Section H) Group 01 LIST OF CONTENTS Serial Number | Contents | Page number | 1 | Executive summary | | 2 | Issue analysis | | 3 | Data analysis | | 4 | Key decision criteria | | 5 | Alternatives analysis | | 6 | Statistical data | | 7 | Non-Price factors | | 8 | Conclusion | | Executive summary India is one of the largest consumers of gold in the world. India’s share alone for the demand of gold comes to around 25%, which is a very large number considering there are around 200 countries in this planet. One of the main possibilities for this astronomical demand for gold in India might be because of the fact that gold plays a major role in Indian culture. Festivals like Diwali and AkshayaTritiya demand the use of the gold irrespective of the fact that gold is a very costly metal. Gold is a commodity which represents status symbol (conspicuous goods) The reasons why there is a mismatch between the demand and the supply of gold in India is quite obvious. Hutti gold mine company in Karnataka being the only company in India to mine and process gold ore and the fact that...
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...segmented customers and developed employee incentives & customer-oriented service to expand its customer base and improve its customer loyalty. Harrah’s highly relied on database marketing and decision-science-based analytics. It aims to change the way consumers make decisions about the merchandise. Many big casino operators focused on creating their “fantasyland” at that time, the competition is intense. Moreover, investing heavily in amenities is not only costly in the short run but also risky in long-run especially when the buildings lose their attraction to the customers. Harrah’s had doubts on building lasting relationship with slot players, realized the importance of understanding the target customers and in order to best use of its business capital and improve its core competence, Harrah’s adopt this strategy. How did it implement its strategy? Why was it successful? Based on the customer database, Harrah’s firstly identified its target customers and their preferences and potential value; Then Harrah’s segmented the customers into 3 tiers---Gold, Platinum and Diamond cardholders, and offered different level of services accordingly to these 3 tiers; It made the best use of perks to incent customers to earn high level card; Harrah’s also improved...
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...be taken which can be fatal for the company. Opportunities: With the gold exploration, leases situated in Mauritiana and Senegal, these can be taken as an effective opportunity. This location can be explored for gold and other metals since there is a lack of uranium in the Kintyre area of West Australia. Moreover, these regions still have their originality- not being scrutinised by modern methods yet. Threats: In the 1950s, French explorers investigated this area lastly. Thus, these French explorers are considered as potential competitors to GFA. They can exploit this region and finally invest in it. Strategies: 1. Invest in Human Resource: (i) Miners (ii) Experienced accountant. (i) GFA should think about investing in recruiting more miners. The task will be done more quickly with excellence. It is always a benefit to have many workers on a mining location....
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...Review of the White Paper on Sustainability A Report on the Green Building Movement, Building Design & Construction, November 2003. Abstract In fulfillment of an assignment to review the White Paper on Sustainability: A Report on the Green Building Movement, Building Design & Construction, November 2003. The White Paper on Sustainability main elements; are the historical overview of green building, the results of a specially commissioned survey, an analysis of trends, issues, and published research. And the last one is a set of recommendations that describe specific actions to be performed. A brief history of green building is also discussed in the white paper. The basics of LEED (Leadership in Energy and Environmental Design) including the LEED Certification levels and points system. The role of the Federal and State government in the sustainable building program, and the benefits we get from green buildings are also covered. Main Body Sustainable building is environmentally friendly, efficient using energy, water, and other materials. Green buildings is also protects occupant health and improving productivity. On Earth Day, April 21, 1993 the US President announced the plan to make the white house a model for efficiency and waste reduction. Within 36 months the improvements to the Presidential mansion let to $300,000 in, energy, and water savings. The greening of the White House also reduces the carbon footprint by 845 tons per year. The first of three “greening”...
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...THE CUSTOMER PYRAMID: CREATING AND SERVING PROFITABLE CUSTOMERS Zeithaml, Valarie A.; Rust, Roland T.; Lemon, Katherine N. California Management Review Summer2001, Vol. 43 Issue 4, p118 Innovative service companies today recognize that they can supercharge profits by acknowledging that different groups of customers vary widely in their behavior, desires, and responsiveness to marketing. Federal Express Corporation, for example, has revolutionized its marketing philosophy by categorizing its business customers internally as the good, the bad, and the ugly--based on their profitability. Rather than marketing to all customers in a similar manner, the company now puts its efforts into the good, tries to move the bad to the good, and discourages the ugly.(n1) Similarly, the customer service center at First Union, the sixth-largest bank in the U.S., codes customers by color squares on computer screens using a database technology known as "Einstein." Green customers are profitable and receive extra customer service support while red customers lose money for the bank and are not granted special privileges such as waivers for bounced checks. Providing different service to customers depending on their profitability is becoming an effective and profitable service strategy for firms like FedEx, U.S. West, First Union, Hallmark, GE Capital, Bank of America, and The Limited. These firms have discovered that they need not serve all customers equally well--many customers are too costly...
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...costs for the healthcare organization. US Bank. When reviewing the websites offered for US Bank, I discovered that this bank offers a number of different services to help the people in need of cash management options. This banks website contains accessible material to help one do research and acquire rates that are pertaining to auto and home loans, CD’s, personal lines of credit, internet pay, online banking, retirement planning, and investing (U.S. Bancorp, 2011). The website that is available offered a number of different seeking to open a savings or checking account within this bank including discounts and rewards on certain checking account package and a percentage of the money back when using ones US Bank check card (U.S. Bancorp, 2011). However, this service does have a fee when considering two of the three checking packages. When re-viewing both of the gold and platinum checking account packages a fee for the monthly services was included this fee was ranging from $15 for the gold package and $25 for the platinum package. The fees however, could be waived if...
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