IT Sector Equity Research Report January 14‚ 2011 IT-Tier 1 IT Services THEMATIC Humpty Dumpty sat on a wall… Analyst contact Ankur Rudra‚ CFA Tel: +91 22 3043 3211 ankurrudra@ambitcapital.com Tier 1 Indian IT firms have outperformed the Sensex by 14% over the last twelve months and are trading at ~20x FY12 P/E. Such share prices imply long term revenue growth rates >20% over FY11-16 and sustained margin performance. Our reverse DCF analysis indicates that this will be tough to
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influence people how to act or not to act in everyday life. I propose to examine superstition in sport‚ as I became increasingly interested in the psychology of superstition recently whilst writing an essay on the persistence of superstition in the world today. When researching I found superstition was evident in the professions‚ especially those which produce a high level of anxiety‚ like competitive sports. I have chosen the research question ’Does the use of superstition in sports increase with an increase
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transform Egypt from being a polytheistic society‚ to a monotheistic society in a few short years. Everyone was to worship his god‚ and anybody who said or thought otherwise would not be tolerated by the new ruling system. As much as people seemed to dislike their leader‚ what he did actually makes sense for what he was trying to accomplish‚ however‚ the way he went about it wasn’t the best. Polytheism doesn’t have a focus on one particular god or religion‚ and each has its own followers. The monotheistic
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claimed twenty million lives (Day). Around 270‚000 disabled‚ 5‚000 to 15‚000 homosexuals‚ 90‚000 to 220‚000 gypsies were killed (Berenbaum). The holocaust was an inhumane act on society. What Hitler did was something that could not be forgotten. He killed millions because they did have the same views as he did‚ they didn’t look the way he wanted them to‚ or they "deserved to die". The worst part was no one knew what was going to happen to them when they were taken away from their friends and family. Millions
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interest rates……………………………………………………..2 2.0 How does an increase interest rate affect the economy in the UK? 3.1 Encourage people saving money and reduce borrowing……………2-3 3.2 Decrease firms to investment……………………………………………..3 3.3 Promoting the exchange rate‚ and makes exports less………………...3 3.4 Reduce the aggregate demand and inflation rate………………………4 3.5 The price and cost will fall……………………………………………….4-5 3.6 Increase in unemployment………………………………………………...5
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The Price of Progress: How Much are We Willing to Pay? In this day and age‚ various terms associated with economic development came about as means of measuring the well-being of each individual in the society such as per capita income‚ gross domestic product (GDP)‚ gross national product (GNP)‚ unemployment rate‚ literacy rate‚ and many more. The emergence of these terminologies is due to the consideration of government planners of each nation to make a step forward to reach economic development
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[pic] BIRLA INSTITUTE OF TECHNOLOGY‚ (NOIDA CAMPUS) Report On The Indian Equity Brokerage Industry Submitted To: Mrs. K .L . MISHRA Project Mentor Submitted By: Nipun Sachdeva Submitted On: ACKNOWLEDGEMENT As any good work is incomplete without acknowledging the people who made it possible‚ this report is incomplete without thanking the people without whom this project wouldn’t have taken shape. This project is a result of continuous cooperation‚ effective guidance
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with their overall headcount around ten million (Coe). That’s right. Ten million of the once almost extinct Maya people roam the earth today. However‚ at one point in time (approximately 1000 A.D.) the population had dropped to about 30‚000 (Coe). How could this have happened?
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The 12-Month Football Training Program A complete football training program takes just a little planning. But the benefits are well worth the effort... Football players are amongst some of the finest athletes in the world and that’s a testament to their gruelling regime. If you want to perform at YOUR best - whatever level that might be - you can learn a lot from the way the pros train. First and foremost though‚ a football training program has to meet your own specific needs... Training time
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the attack‚ it was recognized that Japan was exposed to any air attacks. When news of the raid reached Americans‚ morale boosted immensely as they waited for the retaliation from the Japanese. There was a lot of planning for the raid during those months when President Franklin D. Roosevelt gave the OK for an attack on December 21‚ 1941. 14 days after Pearl Harbor‚ President Franklin D. Roosevelt held a meeting with US Navy Admiral Ernest King. King‚ during the planning‚ was bombarded with questions
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