Introduction to children and young people

These include rooting, sucking, swallowing, grasping, and stepping ND startle reflex. Babies are helpless when they are born and they don't have very much muscular co-ordination. They are able to focus their eyes very quickly and follow sound from side to side as well as being able to cry and make gurgling sounds Soon the muscles begin to strengthen and babies start to control their movements. This allows them to begin exploring their environment and learn how their world operates. Physical control and co-ordination progress downwards, beginning with the head and moving through the neck, trunk arms and the legs.Muscle control 0-3 years: 2 Months – able to raise head when lying on stomach Months- can grasp objects using whole hand 6 Months- Can sit up without support 8 Months – Can start to crawl 12 Months – can walk without help 18 Months- Can climb stairs and run but often falls 2 Years – Can controls muscles which allow for toilet training and can climb on furniture and kick a ball but not yet catch one 3 Years- can Jump and ride a tricycle Intellectual – means the development of the mind and lets us to recognize, remember, reason, know and understand thing around us.We also develop communication skills which allow us to make ourselves understood and to develop relationships. As children interact with the environment they slowly organism their thoughts and develop a set of Reposes for dealing with the world. These become adapted as new experiences occur giving us all a better understanding of our world. Language development is another part of intellectual development; children should know at least six works by 18 months.Most one-years-olds should be able to name simple objects and by the age of two most are able to put two or three words together into a simple sentence. By the age of three, most speech should be understandable and children should be able to speak in complete sentences. Emotional- at the age of one babies are able to learn about the effect their behavior has on their parents/guardians and can express emotions through tears, laugher and facial expressions At two years of age toddlers are known for their temper tantrums â€Å"terrible two's† as they struggle to express how they feel.They are able to show things to a certain degree, which is often expressed through play. At the age of three, children are more sensitive to others feelings and will share their toys with others and take it in turns to play with toys. They are interested in having friends and his is often when children start nursery or playgroup Social – Social development is similar to emotional development, young children from friendships and tends to show preferences for particular people.Language skills are important in the development of this relationship and, as children develop, they are more able to express their feeling verbally. Contact between ages is part of a normal family life and children benefit f rom spending time with both older and young people. Most children start nursery at this age and this provides an opportunity for them to share time with different age groups. Childhood 3- 11 years physical- growth continues really fast during childhood, although not as fast as in the first three years, and body proportions as beginning to be more adult-like.Gross and fine motor skills are becoming more advanced, like tying shoes, making and decorating a cake, playing football, building a musical instrument, throwing a ball and gymnastics Intellectual – as children get older they are able to do more logical activities. That begins to understand different concepts but often need to actually see concrete objects in order to understand them. As a child progresses through this tag they become fluent in language and may develop a good vocabulary. They become able to construct sentences and use grammar well.Moral development is something that begins during this phase. This is the pr ocess by which children take on rules and expectations of the society in which they brought up and develop a sense of right and wrong Emotional – as children progress through this stage they begin to lose the bounds with their main careers although they still need their support. They begin to be more independent and start to develop a sense of ‘sense' Most of our emotional responses are learned from our parents/guardians.All children learn to control of their emotional Reposes and to resolve conflict and parents/guardians should praise them when this occurs while trying to understand the temper tantrums of frustration that do occur. Children begin to show signs of compassion and empathy and again careers need to encourage this. During this stage children also develop the ability to talk about their feelings. Even at a young age children will say things such as ‘l feel sad' or ‘that makes me happy'. Social- as children develops into social beings they go thro ugh what us termed oscillations.Primary solicitation takes place within the family although there as many different types of family. Relationship with people outside the family becomes more important as children move through this stage. Teenagers 11-19 years Physical- at puberty, chemicals in your body called hormones trigger many changes, including growth spurts and weight increases, and boys and girls begin to change and look different as they grow into young woman and men. Intellectual- ideas about religions and politics may also begin to think about as their minds become more complex. Long term memory develops which enables teens to study for pass exams.Adolescents are able to start thinking about possibilities for both their immediate and long-term futures and plan ahead. Decisions such as whether or not to continue in education or to go out to work may be options for some. Emotional- often teenagers alternate from behaving like children and then behaving as adults. They also o ften feel misunderstood and may challenge parental value, deliberately pushing against boundaries which are often perceived as too restrictive or controlling. Teenagers become less dependent on family for emotional support and urn to their friends for advice, which is called influence of a peer group.Young people want to be accepted by their friends and this can sometimes lead to difficult situations, affecting both self-esteem and self-concept. Social- social and emotional developments are intertwined. As teenagers gain independence, they spend more time with friends. This allows them to practice social skills. As teenagers turn more to their peers they often struggle because they want to be liked. Peer recognition is very important and things like the types of clothes and interest that are followed become significant.Peer pressure can also present difficulties as it can challenge many of the ideas learned from families. This can be a period during which problems can start by exper imenting with alcohol, sexual orientation and attitudes toward education. 2. Know the factors that affect children and young people's development 2. 1 identify the factors that affect children's and young people development to include: Background health environment Income- An income is the amount of money an individual has pay to provide everything they need in there life.This usually comes from paid employment or infinite an individual may receive from the government. Housing- where your life affects a lot of an individual's growth and development, some people live in cities, towns, some live in the suburbs and some live in rural areas. There are different types of places that you live in that can affect your health and wellbeing. Housing standards have improved a lot in the I-J but there are still people who live in poor housing. Environment- as well as the type of home you live in, the local environment and your community also affect your growth and development.Other environmenta l actors can include living in overcrowded areas with no recreation spaces, living close to busy roads which are noisy, living near sources of pollution or living a long way from health and welfare services. Many areas have high crime areas which is very dangerous and stressful Education- education affects development mainly because it affects Job opportunities. Higher educational achievement usually gives individuals more choice of the types of career or employment they can follow in the I-J, education is compulsory between the ages of 5 and 16, although many people study ended the age.Culture- people are categorized by themselves and others in different ways for example, race, social class, ethnicity or religion. Sometimes this can lead to stereotyping and people may make generalizations about other based on, for example, the types of clothing they wear. Gender- gender stereotypes as also reinforces by the types of Job people are directed to. For example, the health and social car e sector is mainly staffed by woman although today many more men are choosing Jobs in this area. Once in working there are employment laws against discrimination. 3. Know how to support children and young people's development. . 1 outline different ways to support children and young people's development to include; physical development communication intellectual development social, emotional and behavioral development Play is a big role in children's and young people's development. There are different ways in using language, verbal ways which are to question, clarify, describe, explain and debate. There is also nonverbal ways to communicate, like listening, looking and touching. Talking to your child, tell your child what is going to happen for example now we're going to have a bath.When we are dry, we'll get dressed â€Å"parents can start reading with simple board books and longer stories as their child gets older. Story times where they can use their imagination and have input i n their stories are also effective. Music is also good play to young children; they will interact with the music by dancing and try to sing to the words. When they listen to lively songs or rhymes they learn about the world around them and the rhythm of language. Repeat their statements back to them with correct words. Give your child lots of praise for heir efforts.Physical Children develop at different rates while some are naturally late bloomers and others are ahead, there are things parents can do to encourage and support a child's physical development. Encourage your child to move from one place to another, play games with them, run around a playground or sports field, and climb things. Intellectual Encourage your child to find out what he likes to do and answer your child's questions when you can. As they grow older, many children lose their curiosity. Make sure your child eats well, stay active and gets proper amounts of sleep.Provide an opportunity to learn musical instrumen ts or practice some form of performing arts. Reading will help your child's mind grow. Social, emotional and behavior development Children often struggle with expressing their feelings; they need help knowing how to appropriately manage their feelings. Using language to identify, label and respect. It can also be helpful to tell and show young children other ways to manage like pounding clay, drawing pictures, and telling stories about how they are feeling. Helping to find appropriate ways to express emotions.

Funadamental and Technical Analysis of Nifty

Fundamental and Technical Analysis of Equity Market| Name :- Dhwani Shah Enrollment No :- 0901202144| Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well. – Warren Buffett| A REPORT ON FUNDAMENTAL AND TECHNICAL ANALYSIS OF EQUITY MARKET BY SHAH DHWANI JITENDRA (0901202144) SUBMITTED TO:- Company Guide Mr. Bhavik Shah Advisory Head (Angel Broking Ltd) Faculty Guide Prof. Mayank Patel IBS Ahmedabad A Report submitted in partial fulfilment of the requirement of the MBA Program of The ICFAI University, Dehradun DATE OF SUBMISSION: 15th May, 2010 Authorization The making of this project report is authorized by Mr Bhavik Shah ( Advisory Head) Angel Broking Ltd, Ahmedabad (India). I also express my honest confirmation in support of the fact that the said â€Å"Report† has neither been used before to fulfill any other purpose nor it will be submitted to any other person or authority in future. The report is submitted only as partial fulfillment of the requirement of the MBA Program of ICFAI University, Dehradun. Acknowledgements This research project has been a very enlightening and rewarding experience for me in an area that is of great personal interest. I would like to acknowledge and express my gratitude to three groups of people who provided generous amounts of support and cooperation during this scholarly endeavour. First, I have benefited greatly from the never-ending patience, guidance, and encouragement from my company guide Mr. Bhavik Shah. He gave me the support and knowledge required to complete this project in a successful manner. Thank you Bhavik sir for your never-ending encouragement and support for my scholarly pursuits. I would also like to thank Mr. Sachin Rajveer for his constant support and help. Second, I would like to thank Prof. Mayank Patel my faculty in-charge for providing me all required support from his side in terms of knowledge and encouragement, for being there whenever I have a question of doubt and to solve the same. Lastly, a Special vote of thanks to Prof. Saji Kumar, Prof. Prashant Saxena and My Parents for solving all the problems I faced in terms of sources required and for giving a constant encouragement and aspire me to go ahead and fulfil my goals. â€Å"Success in investing doesn't correlate with I. Q. once you're above the level of 25†¦ Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing. † – Warren Buffet Table of Contents Authorization3 Acknowledgements4 Abstract7 Introduction8 Purpose of the Study:8 Limitations of the Study:8 Method of Collecting Data:8 What Is Fundamental Analysis? 9 The Indian Economy:10 The Industries in the Economy:13 Financial Ratios:23 What Is Technical Analysis? 25 ABB. LTD34 ACC LTD. 35 AMBUJA CEMENT36 AXIS BANK LTD. 37 BHARAT HEAVY ELECTRICALS LTD.. 38 BHARAT PETROLEUM CORPORATION LTD. 39 BHARTI AIRTEL LTD. 40 CAIRN LTD. 41 CIPLA LTD. 42 DLF LTD. 3 GAIL (INDIA) LTD. 44 GRASIM INDUSTRIES LTD45 HCL TECHNOLOGIES LTD. 46 HDFC BANK LTD47 HERO HONDA MOTORS LTD. 48 HINDALCO INDUSTRIES LTD. 49 HINDUSTAN UNILEVER LTD. 50 HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 51 ITC LTD. 52 ICICI BANK LTD53 IDEA CELLULAR LTD. 54 INFOSYS TECHNOLOGIES LTD55 INFRASTRUCTURE DEVELOPMENT FINANCE CO. LTD. 56 JAIPRAK ASH ASSOCIATES LTD. 57 JINDAL STEEL & POWER LTD. 58 LARSEN & TURBO LTD. 59 MAHINDRA & MAHINDRA LTD. 60 MARUTI SUZUKI INDIA LTD. 61 NTPC LTD. 62 OIL & NATURAL GAS CORPORATION LTD. 63 POWERGRID CORPORATION OF INDIA LTD. 64 PUNJAB NATIONAL BANK65 RANBAXY LABORATORIES LTD. 6 RELIANCE CAPITAL LTD. 67 RELIANCE COMMUNICATION LTD68 RELIANCE INDUSTRIES LTD. 69 RELIANCE INFRASTRUCTURE LTD. 70 RELIANCE POWER LTD. 71 SIEMENS LTD. 72 STATE BANK OF INDIA73 STEEL AUTHORITY OF INDIA LTD74 STERLITE INDUSTRIES (INDIA) LTD. 75 SUN PHARMACEUTICAL INDUSTRIES LTD. 76 SUZLON ENERGY LTD. 77 TATA CONSULTANCY SERVICES LTD. 78 TATA MOTORS LTD. 79 TATA POWER CO. LTD. 80 TATA STEEL LTD. 81 UNITECH LTD. 82 WIPRO LTD. 83 Recommendations84 Glossary85 References86 Abstract Stock Market the word itself is enough to speak about itself. It works on two emotions carried by individuals in the market greed and fear. Both emotions either lead to profits or losses. Majority of the participants deal into the market in a speculative manner, buying and selling based on, following the herd or market hear say. But remain an aware about the key reason why a particular stock moved up or fell down. If a stock moves suddenly these individuals say â€Å"Operator must have done that† but forget to find out the real reason. The reasons behind the screen for a company’s share prices going up or falling down, which are hidden in its financial performances and past movement history. These facts can be known by the Fundamental and Technical analysis. Therefore, this report is intended to guide these new entrants and the current market movers about Technical and Fundamental Analysis. To show how the same can lead to profit earning investments and not speculative losses. In this report the basics of Fundamental Analysis have been discussed and all the financial key ratios have been given for the Nifty50 for the 10 years time span from fiscal year 2000 to 2009. A brief idea about Industry and the over all economy is also given. On the bases of these Fundamental tools we can get to know the financial position of a company to back this Technical analysis is also been shown. Initially a few patterns of technical analysis have been explained with an example and later how the use of the same can be done to predicts the future price moves and further a few patterns existing in charts for the current time period have been given. Introduction Purpose of the Study: Is the Stock Market a safe option to invest my savings? For how much time horizon should I invest? What amount of returns should I expect? What are the ideal stocks for investment? This report consists of answers to all these questions which rise in an investors mind before entering into the stock market or when an existing investor buys a stock. For this purpose, Fundamental Analysis of Nifty50 is done for which the economic analysis of the Indian economy is done based on the Inflation Rate, GDPFC, Growth Rate and year on year returns of Nifty. Then a brief Industry analysis is done based on the Industrial Ratios and reason behind them. Finally, Company Analysis is done by analysing the Quality of Management, Product Range of the Company; Financial Strength based certain ratios like Price to Earnings Ratio, Dividend Yield, Price to Book Value, Earnings per Share, Market Capitalization and Market Returns. Following it, Japanese Candle Stick charts showing the chart patters of the market price for each of the 50 scrips are given based on the technical analysis tools and techniques. As Fundamental Analysis is only about identifying undervalued stocks or the booming sectors or companies, but it does not say anything about the timings of the unlocking of that undervaluation but its combination with Technical Analysis will give a better picture to the Investor. As the combination of both enables an investor in taking decisions based on Techno-Funda Analysis and find out the right entry and exit points. This project will even help in knowing the economy as Nifty is the barometer for the Indian Economy, through which the growth patterns and cyclical patterns of the various sectors can also be known, through which scrips of midcap and small can also tracked for the same sector. Limitations of the Study: * . Lesser importance is been given to Economic and Industry Analysis. * Views for investment have been given for short term. Method of Collecting Data: Secondary Data is been used in this project report. This Secondary Data is been collected from reliable sources like the Company Sites and the NSE Site for the Company Data and Indian Bullion, Reserve Bank Of India, and Fimmda Sites for the Industry and Economic Data and for Technical Charts i. charts is been used. Detailed information about the sources is been given in referencing. What Is Fundamental Analysis? Fundamental analysis is a method of evaluating  a security  that entails  attempting to measure  its intrinsic value by examining related economic, financial and other qualitative and quantitative factors. Fundamental analysis is an attempt to study everything that can affect the  security's value; including macroeconomic factors (like the overall economy and industry conditions)  and  company-specific factors (like financial condition and management). There are two approaches to Fundamental Analysis Top-Down Approach and a Bottom-Up Approach. * Top-down approach: In this approach, an analyst investigates both international and national economic indicators, such as GDP growth rates, energy prices, inflation and interest rates. The search for the best security then trickles down to the analysis of total sales, price levels and foreign competition in a sector in order to identify the best business in the sector. * Bottom-up approach: In this approach, an analyst starts the search with specific businesses, irrespective of their industry/region. The end  goal of performing fundamental analysis  is to produce a value that an investor  can compare  with the security's current price, with the aim of figuring out what sort of position to take with that security (underpriced=buy, overpriced=  sell or short). Benefits of Fundamental Analysis: * Identifying the intrinsic value of a security. * Identifying long term investment opportunity, as it involves real time data. Drawbacks of Fundamental Analysis: * Too many economic indicators and extensive macroeconomic data can confuse novice investors. * The same set of information on macroeconomic indicators can have varied effects on the same currencies at different times. * It is beneficial only for long term investments. Steps involved in Fundamental Analysis: * Macroeconomic analysis, which involves considering currencies, commodities and indices. Industry sector analysis, which involves the analysis of companies that are a part of the sector. * Financial analysis of the company. Valuation of any security is done through the discounted cash flow (DCF) model, which takes into consideration: * Dividends received by investors. * Earnings or cash flows of a company. * Debt, which is calculated by using the debt to equity ratio and the current ra tio (current assets/current liabilities). The Indian Economy: To understand the Indian Economy firstly we need to understand a few macroeconomic indicators, as macro economy is the environment in which all the firms operate. These indicators suggest the growth and development prospects of an economy as a whole. Given below are the indicators along with a brief description about them and even figures suggesting where the Indian Economy stands as per these indicators. Gross Domestic Product (GDP): The India GDP statistics is a summarization of all the differential factors that forms the basic foundation of the Indian economy. The India GDP statistics is a cumulative report of the performance of all the major parameters of the Indian economy. The statistics of the India GDP clearly reveals that the rise of the India GDP after the 1990s was due to the open economy phenomenon. The paradigm shift of Indian economy from that of a closed-market to open market was during the balance-of-payments crisis in the late ‘80s. The Government of India remained flexible – it opened up the Indian markets such that private investments could easily find an entry. GDP calculated at purchaser’s price is the total value calculated by all the domestic producers, adding any product taxes and deducting the subsidies, if any (these elements are excluded from the value of the products). Due to the change in the economic policy of India, more foreign direct investments (FDIs) and foreign institutional investors (FIIs) came into the country. This, in a way, strengthened the foundation the Indian economy the confidence index of overseas investors was at a high. With the stupendous growth of Indian Information Technology sector, Indian service industry and the Indian BPO sector, the Indian GDP shot up to 6% during the period from 1988 to 2003. It was after 2004, that the growth of the gross domestic product of India showed considerable improvements, mainly geared by the growth in the Indian service and manufacturing industry. The Indian GDP figure stood at an extraordinary 8. 5% during the period thereafter. But thereafter, what hit us was the global meltdown and it’s after impacts. India got swayed off; the immediate repercussion fell on the growth pattern of the India economy. The GDP growth rate started getting a setback and from then on it had only experienced a downward pattern. A dramatic improvement might not be expected, but a slow and steady growth path is surely desirable. Inflation: Inflation means a persistent rise in the price levels of commodities and services, leading to a fall in the currency’s purchasing power. Inflation Rate is the measure of inflation over a period of time. Inflation rate is calculated for any time period weekly, monthly or annual. The rising figures show us an increase in the rate of goods and services and a fall in the purchasing power of the consumer with the same level of incomes. Therefore an individual must invest keeping in mind the future rise in prices. Increasing inflation is really bad for retirement planning because the target keeps on getting higher and higher to pay for the same quality of life. In other words, your savings will buy less. As a result, you will need to save more today to pay for higher priced goods and services in the future. Since everything you buy today costs more, so you have less left-over income available to save. Inflation has another effect too, once people start to expect inflation, they will spend now rather than later. That's because they know things will only cost more lately. This consumer spending heats up the economy even more, leading to further inflation. This situation is known as spiraling inflation because it spirals out of control. Inflation is important if you are holding bonds or Treasury notes. These fixed price assets only give a fixed return each year. As inflation spirals faster than the return on these assets, they become less valuable. Price Inflation greatly effects time value of money (TVM). It is a major component of interest rates which are at the heart of all TVM calculations. Actual or anticipated changes in the inflation rate cause corresponding changes in interest rates. Lenders know that inflation will erode the value of their money over the term of the loan so they increase the interest rate to compensate for that loss. Nifty: India is a land of many cultures and languages. Its vibrancy and quest for growth throws up as many questions as it throws up new answers. With globalization people are constantly seeking broader horizon of knowledge and information. How much has the country prospered? How well is the economy doing? Nifty is the platform on which India finds these answers. The Nifty Index is a composite of the top 50 stocks listed on the National Stock Exchange (NSE). It is a simplified tool that helps investors and ordinary people alike, to understand what is happening in the stock market and by extension, the economy. If the Nifty Index performs well, it is a signal that companies in India are performing well and consequently that the country is doing well. An upbeat economy is usually reflected in a strong performance of the Nifty Index. A rising index is also indicative that the investors are positive about the future. The Nifty Index is based upon solid economic research. It is internationally respected and recognized as a pioneering effort in providing simpler understanding of stock market complexities. Nifty is the flagship index of NSE, the 3rd largest stock exchange in the world in terms of number of transactions (Stock Futures). Nifty has been used to represent S;P CNX Nifty, owned and managed by India Index Services and Products Ltd. (IISL), a joint venture between NSE and CRISIL. * Nifty index can be used by individuals to track market movements and compare performance of individual companies’ vis-a-vis market performance. * Shareholders evaluation of management decisions – performance of a company vis-a-vis the market generally reflects the perception of the investor. * Assist traders and market intermediaries to evaluate performance and sentiments across the market. Index funds can replicate Nifty indices to earn market returns. * Derivative trading – Investors can use Nifty indices for hedging their exposures in the equity markets. Benchmarking NAV performances – Nifty is the benchmark for performance of open ended and close ended funds. Given above, are the annual returns of S;P CNX Nifty. In the fiscal year ‘03-‘04 and ‘05-’06 Nifty has given annual returns of 81. 29% and 67. 13%. In the year ’08-’09 the time of Global Meltdown Nifty showed strength as compared to the global markets(NASDAQ) and showed instant recovery and rose up to 73. 9% in the fiscal year ’09-’10. The Industries in the Economy: IT Industry: The Indian information technology (IT) industry has played a major role in placing India on the international map. The industry is mainly governed by IT software and facilities for instance System Integration, Software experiments, Custom Application Development and Maintenance (CADM), network services and IT Solutions. According to Nasscom's findings Indian IT-BPO industry expanded by 12% during the Fiscal year 2009 and attained aggregate returns of US$ 71. 6 billion. Out of the derived revenue US$ 59. billion was solely earned by the software and services division. Moreover, the industry witnessed an increase of around US$ 7 million in FY 2008-09 i. e. US$ 47. 3 billion against US$ 40. 9 bil lion accrued in FY 2008-09 | IT Outsourcing in India: As per NASSCOM, IT exports in business process outsourcing (BPO) services attained revenues of US$ 48 billion in FY 2008-09 and accounted for more than 77% of the entire software and services income. Over the years India has been the most favorable outsourcing hub for firm on a lookout to offshore their IT operations. The factors behind India being a preferred destination are its reasonably priced labor, favorable business ambiance and availability of expert workforce. Considering its escalating growth, IBM has plans to increase its business process outsourcing (BPO) functions in India besides employing 5,000 workforces to assist its growth. In the next few years, the industry is all set to witness some multi-million dollar agreements namely: * A 5 year agreement between HCL Technologies and News Corp for administering its information centers and IT services in UK. As per the industry analysts, the pact is estimated to be in the range of US$ 200-US$ 250 million * US$ 50 million agreement between HCL Technologies and Meggitt, UK-based security apparatus manufacturer, for offering engineering facilities. * Global giant Wal-Mart has short listed there Indian IT dealers namely Cognizant Technology Solutions, UST Global and Infosys Technologies for a contract worth US$ 600 million. India's domestic IT Market: India's domestic IT Market over the years has become one of the major driving forces of the industry. The domestic IT infrastructure is developing contexts of technology and intensity of penetration. In the FY 2008-09, the domestic IT sector attained revenues worth US$ 24. 3 billion as compared to US$ 23. 1 billion in FY 2007-08, registering a growth of 5. 4%. Moreover, the increasing demand for IT services and goods by India Inc has strengthened the expansion of the domestic market with agreements worth rising up extraordinarily to US$ 100 million. By the FY 2012, the domestic sector is estimated to expand to US$ 1. 7 billion against the existing from US$ 1 billion. Government initiative in India's domestic IT Market: The Indian government has established a National Taskforce on IT with an aim of formatting a durable National IT Policy for India * Endorsement of the IT Act, which offers an authorized structure to assist electronic trade and electronic operations. Major investments in India's domestic IT Market: * According to Andhra Pradesh Government the state's SEZs and Software T echnology Parks of India (STPI) will witness an investment of US$ 3. 27 billion in the next few years. * VMware Inc, San Francisco-based IT firm is looking forward to invest US$ 100 million by 2010 in India. EMC Corporation's total Indian assets is expected to reach US$ 2 billion by 2014 Future of Indian IT Industry: The Indian IT sector persists to be one of the flourishing sectors of Indian financial system indicating a speedy expansion in the coming years. As per NASSCOM, the Indian IT exports are anticipated to attain US$ 175 billion by 2020 out of which the domestic sector will account for US$ 50 billion in earnings. In total the export and domestic IT sector are expected to attain profits amounting to US$ 225 billion along with new prospects from BRIC nations and Japan for its outsourcing operations. Software Industry: It's the technological revolution that at times brings surprising opportunities for some nations. India, though not among the front runners in terms of economic growth, has successfully utilized such opportunities in the revolution to become an IT hotspot. For the past several years, India has been an increasingly favored destination for customized software development. As a result, a number of software companies in India have come up. Not only the number of players has increased in the Indian IT market, but at the same time, Indian software companies have done considerably well in the global market. Such huge success of software companies in India has given birth to a new speculation – whether other developing countries should imitate Indian example and whether the success of India would constitute a competitive challenge to the software industry of the developed world or not. The Software Industry in India: With the huge success of the software companies in India, the Indian software industry in turn has become successful in making a mark in the global arena. This industry has been instrumental in driving the economy of the nation on to a rapid growth curve. As per the study of NASSCOM-Deloitte, the contribution of IT/ITES industry to the GDP of the country has soared up to a share of 5% in 2007 from a mere 1. 2% in 1998. Besides, this industry has also recorded revenue of US$ 64 billion with a growth rate of 33% in the fiscal year ended in 2008. The export of software has also grown up, which has been instrumental in the huge success of the Indian software companies as well as the industry. In fact, software export from India accounts for more than 65% of the total software revenue. The domestic software market largely depends upon sale of software packages and products, which constitute major part of revenues. Products account for almost 40% of the domestic market. On the other hand, more than 80% of revenue from software exports comes from software services like custom software development and consultancy services etc. Reasons behind Success of Indian software companies: There are a number of reasons why the software companies in India have been so successful. Besides the Indian software companies, a number of multinational giants have also plunged into the India IT market. India is the hub of cheap and skilled software professionals, which are available in abundance. It helps the software companies to develop cost-effective business solutions for their clients. As a result, Indian software companies can place their products and services in the global market in the most competitive rate. This is the reason why India has been a favorite destination for outsourcing as well. Many multinational IT giants also have their offshore development centers in India. IT Business Sectors: Most of the software companies in India are into varied types of business. There can be several types of business in the IT sectors: * Infrastructure Software: These include OS, middleware and databases. * Enterprise Software: These automate business process in diverse verticals like finance, sales and marketing, production and logistics. * Security Software * Industry-specific Software * Contract Programming Top Companies in India: There are plenty of software companies in India which have been doing well. However, some of the top Indian software companies can be listed as: * Tata Consultancy Services * Wipro Limited * Infosys * HCL Technologies Tech Mahindra * Patni Computer Systems * i-flex Solutions * MphasiS * L;T Infotech * IBM India Banking Industry: The growth in the Indian Banking Industry has been more qualitative than quantitative and it is expected to remain the same in the coming years, based on the projections made in the â€Å"India Vision 2020† prepared by the Planning Commission and the Draft 10th Plan, the report forecasts that the pace of expansion in the balance-sheets of banks is likely to decelerate. The total assets of all scheduled commercial banks by end-March 2010 are estimated at Rs 40, 90,000 crores. That will comprise about 65 per cent of GDP at current market prices as compared to 67 per cent in 2002-03. Bank assets are expected to grow at an annual composite rate of 13. 4 per cent during the rest of the decade as against the growth rate of 16. 7 per cent that existed between 1994-95 and 2002-03. It is expected that there will be large additions to the capital base and reserves on the liability side. The Indian Banking Industry can be categorized into non-scheduled banks and scheduled banks. Scheduled banks constitute of commercial banks and co-operative banks. There are about 67,000 branches of Scheduled banks spread across India. As far as the present scenario is concerned the Banking Industry in India is going through a transitional phase. The Public Sector Banks (PSBs), which are the base of the Banking sector in India account for more than 78 per cent of the total banking industry assets. Unfortunately they are burdened with excessive Non Performing assets (NPAs), massive manpower and lack of modern technology. On the other hand the Private Sector Banks are making tremendous progress. They are leaders in Internet banking, mobile banking, phone banking, ATMs. As far as foreign banks are concerned they are likely to succeed in the Indian Banking Industry. In the Indian Banking Industry some of the Private Sector Banks operating are IDBI Bank, ING Vyasa Bank, SBI Commercial and International Bank Ltd, Bank of Rajasthan Ltd. and banks from the Public Sector include Punjab National bank, Vijaya Bank, UCO Bank, Oriental Bank, Allahabad Bank among others. ANZ Grind lays Bank, ABN-AMRO Bank, American Express Bank Ltd, Citibank are some of the foreign banks operating in the Indian Banking Industry. Cement Industry: The history of the cement industry in India dates back to the 1889 when a Kolkata-based company started manufacturing cement from Argillaceous. But the industry started getting the organized shape in the early 1900s. In 1914, India Cement Company Ltd was established in Porbandar with a capacity of 10,000 tons and production of 1000 installed. The World War I gave the first initial thrust to the cement industry in India and the industry started growing at a fast rate in terms of production, manufacturing units, and installed capacity. This stage was referred to as the Nascent Stage of Indian Cement Industry. In 1927, Concrete Association of India was set up to create public awareness on the utility of cement as well as to propagate cement consumption. The cement industry in India saw the price and distribution control system in the year 1956, established to ensure fair price model for consumers as well as manufacturers. Later in 1977, government authorized new manufacturing units (as well as existing units going for capacity enhancement) to put a higher price tag for their products. A couple of year’s later; government introduced a three-tier pricing system with different pricing on cement produced in high, medium and low cost plants. Cement industry, in any country, plays a major role in the growth of the nation. Cement industry in India was under full control and supervision of the government. However, it got relief at a large extent after the economic reform. But government interference, especially in the pricing, is still evident in India. In spite of being the second largest cement producer in the world, India falls in the list of lowest per capita consumption of cement with 125 kg. The reason behind this is the poor rural people who mostly live in mud huts and cannot afford to have the commodity. Despite the fact, the demand and supply of cement in India has grown up. In a fast developing economy like India, there is always large possibility of expansion of cement industry. Cement Production and Growth: Domestic demand plays a major role in the fast growth of cement industry in India. In fact the domestic demand of cement has surpassed the economic growth rate of India. The cement consumption is expected to rise more than 22% by 2009-10 from 2007-08. In cement consumption, the state of Maharashtra leads the table with 12. 18% consumption, followed by Uttar Pradesh. In terms of cement production, Andhra Pradesh leads the list with 14. 72% of production, while Rajasthan remains at second position. The production of cement in India grew at a rate of 9. 1% during 2006-07 against the total production of 147. 8 MT in the previous fiscal year. During April to October 2008-09, the production of cement in India was 101. 04 MT comparing to 95. 05 MT during the same period in the previous year. During October 2009, the total cement production in India was 12. 37 MT compared to a production of 11. 61 MT in the same month in the previous year. The cement companies are also increasing their productions due to the high market demand. The cement companies have seen a net profit growth rate of 85%. With this huge success, the cement industry in India has contributed almost 8% to India's economic development. Technology Up-gradation: Cement industry in India is currently going through a technological change as a lot of up-gradation and assimilation is taking place. Currently, almost 93% of the total capacity is based entirely on the modern dry process, which is considered as more environment-friendly. Only the rest 7% uses old wet and semi-dry process technology. There is also a huge scope of waste heat recovery in the cement plants, which lead to reduction in the emission level and hence improves the environment. Recent Investments in the Indian Cement Industry * In a recent announcement, the second largest cement company in South India, Dalmia Cement declared that it's going to invest more than US$ 652. 6 million in the next 2-3 years to add 10 MT capacities. * Anil Ambani-led Reliance Infrastructure is going to build up cement plants with a total capacity of yearly 20 MT in the next 5 years. For this, the company will invest US$ 2. 1 billion. * India Cements is going to set up 2 thermal power plants in Andhra Pradesh and Tamil Nadu at a cost of US$ 104 billion. * Anil Ambani-led Reliance Cementation is also going to set up a 5 MT integrated cement plant in Maharashtra. It will invest US$ 463. 2 million for that. * Jaiprakash Associates Ltd has signed a MoU with Assam Mineral Development Corporation Limited to set up a 2 MT cement plant. The estimated project cost is US$ 221. 36 million. * Rungta Mines (RML) is also planning to invest US$ 123 million for setting up a 1 MT cement plant in Orissa. Automobile Industry: Driving the most luxurious car has been made possible by the stiff competition in the automobile industry in India, with overseas players gathering the same momentum as the domestic participants. Every other day, we have been hearing about some new launches, some low cost cars – all customized in a manner such that the common man is not left behind. In 2009, the automobile industry is expected to see a growth rate of around 9%, with the disclaimer that the auto industry in India has been hit badly by the ongoing global financial crisis. The automobile industry in India happens to be the ninth largest in the world. Following Japan, South Korea and Thailand, in 2009, India emerged as the fourth largest exporter of automobiles. Several Indian automobile manufacturers have spread their operations globally as well, asking for more investments in the Indian automobile sector by the MNCs. The figures show that the automobile sector in India has been growing robustly. The market shares of the different types of vehicles will clearly depict the demand pattern in this sector. Aluminum Industry: Aluminum Industry in India is a highly concentrated industry with the top 5 companies constituting the majority of the country's production. With the growing demand of aluminum in India, the Indian aluminum industry is also growing at an enviable pace. In fact, the production of aluminum in India is currently outpacing the demand. Though India's per capita consumption of aluminum stands too low (under 1 kg) comparing to the per capita consumptions of other countries like US ; Europe (range from 25 to 30 kgs), Japan (15 kgs), Taiwan (10 kgs) and China (3 kgs), the demand is growing gradually. In India, the industries that require aluminum most include power (44%), consumer durables, transportation (10-12%), construction (17%) and packaging etc. The Background: Though the existence of Aluminum was first established in the year 1808, it took almost 46 years to make its production commercially viable. The research work of several years resulted in extracting the aluminum from the ore. Aluminum is third most available element in the earth constituting almost 7. 3% by mass. Currently it is also the second most used metal in the world after steel. Due to the consistent growth of Indian economy at a rate of 8%, the demand for metals, used for various sectors, is also on the higher side. As a result, the Indian aluminum industry is also growing consistently. In FY09, the aluminum industry in India saw a growth of about 9%. The production of aluminum started in India in 1938 when the Aluminum Corporation of India's plant was commissioned. The plant which was set up with a financial and technical collaboration with Alcan, Canada had a capacity of producing 2,500 ton per annum. Hindustan Aluminum Corporation (Hindalco) was set up in UP in the year 1959; it had a capacity of producing 20,000 ton per annum. In 1965, a public sector enterprise Malco which had a capacity of 10,000 ton per annum was commissioned; by 1987, National Aluminum Company (NALCO) was commissioned to produce aluminum. It had a capacity of producing 0. 218 million ton. During the 1970s, the government started regulating and controlling the Indian aluminum industry. Restrictions in entry and price distribution controls were quite common in the Indian aluminum sector. Aluminum Control Order was implemented where the aluminum producers had to sell 50% of their products for electrical usages. However, in 1989, the order was removed as the government decontrolling was revoked. With de-licensing of industry in 1991, the liberal import of technologies and capital goods was started. The liberalization resulted in a growth rate of 12% of the industry, comparing to the growth rate of 6% during the 1980. Aluminum Production in India: India is world's fifth largest aluminum producer with an aluminum production competence of around 2. 7 million tones, accounting almost 5% of the total aluminum production in the world. India is also a huge reservoir of Bauxite with a Bauxite reserve of 3 billion tones. The Production: India lies at the eighth position in the list of leading primary aluminum producers in the world. India saw a significant growth in aluminum production in the past five years. In 2006-07, the production target of aluminum in India laid by the Ministry of Mines, Government of India was 1,153 KT, which was augmented to 1,237 KT in the next year (2007-08). Due to the growing demand from the construction, electrical, automobiles and packaging industry, the production of aluminum also hiked up. In FY 09, the total aluminum production in India was around 1. 35 tones. The Consumption: After a stagnant consumption of primary aluminum in India from the end of 1990s to 2002 (when the consumptions were between 500 – 600 KT), it started rising sharply since 2002. The consumption reached at 1,080 KT in 2006. The consumption of aluminum in India is dominated by the industries like power, infrastructure, and transportation etc. The Major Players: The Indian aluminum industry is dominated by four or five companies that constitute the majority of India's aluminum production. Following are the major players in the Indian aluminum industry: * Hindustan Aluminum Company (HINDALCO): Hindalco is the biggest player in the aluminum industry in India with around 39% of market share. An Aditya Birla Group flagship company, Hindalco has its aluminum plant at Renukoot in Uttar Pradesh. It has various aluminum products with a market share of 42% in primary aluminum, 20% in extrusions 63% in rolled products, 31% in wheels and 44% in foils. * Sterlite Industries: The aluminum business of Sterlite Industries Limited comprises of two Indian aluminum giants – BALCO and MALCO. While BALCO is a partially integrated, MALCO is a fully integrated producer of aluminum. Sterlite has got a market share of around 32%. * National Aluminum Company (NALCO): It is also one of the leading aluminum producers in India. Government of India has a stake of 87. 15% in this company. Its aluminum refinery is located at Damanjodi. It also has a smelter located at Angul, Orissa. Currently, NALCO is concentrating on a capex programme to increase its production from 345,000 tones to 460,000 tones. * Bharat Aluminum Company (BALCO) * MALCO * JINDAL Telecommunications Industry: The Communication Industry in India is one of the rapidly emerging sectors in India and is estimated to surface as the second biggest international telecom market. As per the report carried out by Telecom Regulatory Authority of India (TRAI), Indian communication industry has registered a 3. 5% increase in its total telecom subscribers in December 2009. The sector touched 562. 1 million in its total number of subscribers within a month, against 543. 20 million in November 2009. The growth in communication industry was triggered by an increase in the revenues generated from both landline and mobile facilities. On December 31, 2009 the sector earned the revenue of USD 8. 56 billion. As per the Business Monitor International report, the nation is all set to include 8 to 10 million cellular phone subscribers on monthly basis. At this pace the communication industry is expected to encompass more than half of India's population i. e. 612 million cellular phone subscribers by mid 2012. In addition, as per a research carried out by Nokia, the Telecommunications sector is estimated to surface as the biggest driving component in India's GDP with a contribution of about 15. 4% by the FY2014. India as an emerging Value-Added Services Market: As per a research conducted by Stanford University, Indian mobile value-added services (MVAS) are expected to reach USD 2. 74 bn by the FY2010. To benefit from the emerging MVAS market in India, Reliance Telecommunications and Bharti Airtel Limited are all set to introduce online cellular phone applications in Indian retail stores. While Bharti Airtel will offer around 1,250 applications, Reliance Telecommunications' applications will soon be accessible to its GSM customers by Feb 2010. India as an emerging telecom equipment manufacturing Market: The manufacturing of Cellular phone in India is predicted to expand at an annual rate of 28. 3% till the FY 2011 which can be translated as a production of 107 million mobile handsets by 2010. The production would automatically generate profits and is predicted to increase at an annual rate of 26. 6% till 2011, reaching the target of USD13. billion. Chief Investments in the Communication Industry in India: Over the past one decade, the flourishing Indian Communication industry has been successful in drawing the attention of conglomerates that have invested and are willing to invest more in the sector. With the influx of new telecom giants in Indian market, the investments are likely to gain immense momentum: * Investment of USD 6 bn by Vodafone Essar for the next 3 fis cal years in order to expand its list of cellular phone subscribers to 100 million against the existing 40 million. By 2010, Reliance Communications (RCom) is expecting to increase the total number of telecom towers by constructing 56,596 telecom towers and attaining the preset target of 100,000. * Telenor, Norway based telecom giant has purchased 7% of shares in Unitech Wireless and now possesses 67. 25% by bringing in an investment of USD 431. 70 million * Indian government owned telecom player, BSNL will invest USD1. 17 billion in its WiMax scheme * A proposal of foreign direct investment worth USD 660. million by Federal Agency for State Property Management of the Russian Federation has been recently approved by the Indian government. The Agency would be acquiring 20% stake in Sistema-Shyam after bringing in the investment. * A USD 1 billion investment will be brought in by Tata Teleservices in its newly introduced GSM facility Tata DoCoMo. Future of Communication Industry in In dia: Indian Communication Industry has a flourishing future in its value-added services market. The pre-set target of the 11th plan from FY 2007 – 12 is to provide 600 million cellular phone connectivity aided by an investment of USD 74 billion. Moreover, it is estimated that by the FY 2012 the profits generated by Indian Communication Industry will touch USD 55 billion against the current USD 31 billion. Pharma Industry: The pharmaceutical industry in India is among the most highly organized sectors. This industry plays an important role in promoting and sustaining development in the field of global medicine. Due to the presence of low cost manufacturing facilities, educated and skilled manpower and cheap labor force among others, the industry is set to scale new heights in the fields of production, development, manufacturing and research. In 2008, the domestic pharma market in India was expected to be US$ 10. 76 billion and this is likely to increase at a compound annual growth rate of 9. 9 per cent until 2010 and subsequently at 9. 5 per cent till the year 2015. Industry Trends: * The pharma industry generally grows at about 1. 5-1. 6 times the Gross Domestic Product growth * Globally, India ranks third in terms of manufacturing pharma products by volume * The Indian pharmaceutical industry is expected to grow at a rate of 9. 9 % till 2010 and after that 9. 5 % till 2015 * In 2007-08, India exported drugs worth US$7. billion in to the US and Europe followed by Central and Eastern Europe, Africa and Latin America * The Indian vaccine market which was worth US$665 million in 2007-08 is growing at a rate of more than 20% * The retail pharmaceutical market in India is expected to cross US$ 12-13 billion by 2012 * The Indian drug and pharmaceuticals segment received foreign direct investment to the tune of US$ 1. 43 billi on from April 2000 to December 2008 Challenges: Every industry has its own sets of advantages and disadvantages under which they have to work; the pharmaceutical industry is no exception to this. Some of the challenges the industry faces are: * Regulatory obstacles * Lack of proper infrastructure. * Lack of qualified professionals * Expensive research equipments * Lack of academic collaboration * Underdeveloped molecular discovery program * Divide between the industry and study curriculum Government Initiatives: The government of India has undertaken several including policy initiatives and tax breaks for the growth of the pharmaceutical business in India. Some of the measures adopted are: * Pharmaceutical units are eligible for weighted tax reduction at 150% for the research and development expenditure obtained. Two new schemes namely, New Millennium Indian Technology Leadership Initiative and the Drugs and Pharmaceuticals Research Program have been launched by the Government. * The Government is contemplating the creation of SRV or special purpose vehicles with an insurance cover to be used for funding new drug research * The Department of Pharmaceuticals is mulling the cre ation of drug research facilities which can be used by private companies for research work on rent Pharma Export: In the recent years, despite the slowdown witnessed in the global economy, exports from the pharmaceutical industry in India have shown ood buoyancy in growth. Export has become an important driving force for growth in this industry with more than 50 % revenue coming from the overseas markets. For the financial year 2008-09 the export of drugs is estimated to be $8. 25 billion as per the Pharmaceutical Export Council of India, which is an organization, set up by the Government of India. A survey undertaken by FICCI, the oldest industry chamber in India has predicted 16% growth in the export of India's pharmaceutical growth during 2009-2010. Key Players in the Industry: There are several national and international pharmaceutical companies that operate in India. Most of the country's requirements for pharmaceutical products are met by these companies. Some of them are briefly described below: * Ranbaxy Laboratories Limited is the biggest pharmaceutical manufacturing company in India. The company is ranked at the 8th position among the global generic pharmaceutical companies and has presence in 48 countries including world class manufacturing facilities in 10 countries and serves to customers from over 125 countries. Ranbaxy Laboratories 2009-2010 Q3 Net Profit Results showed a profit of Rs 116. 6 crores as compared to Rs 394. crores deficit, recorded during the corresponding period last fiscal. * Dr. Reddy's Laboratories manufactures and markets a wide range of pharmaceuticals both in India and abroad. The company has 60 active pharmaceutical ingredients to manufacture drugs, critical care products, diagnostic kits and biotechnology products. The company has 6 FDA plants that produce active pharma ingredients and 7 FDA inspected and ISO 9001 and ISO 14001 certified plants. Dr. Reddy's Q1 FY10 result shows the revenues of the company at Rs. 18,189 million which is up by 21%. During this quarter the company introduced 24 new generic products, applied for 22 new generic product registrations and filed 4 DMFs. * Cipla is an Indian pharmaceutical company renowned for the manufacture of low cost anti AIDS drugs. The company's product range comprises of anthelmintics, oncology, anti-bacterial, cardiovascular drugs, antibiotics, nutritional supplements, anti-ulcerants, anti-asthmatics and corticosteroids. Cipla also offers other services like quality control, engineering, project appraisal, plant supply, consulting, commissioning and know-how transfer, support. For the financial year 2008-09 the company registered an increase of 22% in sales and other income over the previous year. * Nicholas Piramal is the second largest pharmaceutical healthcare company in India. The brands manufactured by the company include Gardenal, Ismo, Stemetil, Rejoint, Supradyn, Phensedyl and Haemaccel. Nicholas Piramal has entered into join ventures and alliances with several international corporations like Cheissi, Italy; IVAX Corp; UK, F. Hoffmann-La Roche Ltd. , Allergan Inc. , USA etc. Glaxo Smithkline (GSK) is a United Kingdom based pharma company; it is the world's second largest pharmaceutical company. The company's portfolio of pharma products consist of central nervous system, respiratory, oncology, vaccines, anti-infectives and gastro-intestinal/metabolic products among others. On November 2009, the FDA had announced that the H1N1 vaccine manufactured by GSK would join the list of the four vaccines approved. * Zydus Cadila also known as Cadila Healthcar e is an Indian pharmaceutical company located in Gujarat. The company's 1QFY2010 results show the net sales at Rs880. cr which is higher than the estimated Rs773cr. The net profit was Rs124. 8cr which was increase of 39%; the increase was on account of higher sales and improvement in the OPM. Financial Ratios: Earnings per Share( EPS): The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share   serves as an indicator of  a company's profitability. Calculated as : When calculating, it is more accurate to use a  weighted average number of shares outstanding over the reporting term, because the  number of shares outstanding can change over time. An important aspect of EPS that's often ignored is the capital that is required to generate the earnings (net income) in the calculation. Two companies could generate the same EPS number, but one could do so  with  less equity (investment) – that company would be more efficient at using its  capital to generate income and, all other things being equal, would be a â€Å"better† company. Investors also need to be aware of earnings manipulation that will affect the quality of the earnings number. It is important not to rely on any one financial measure, but to use it in conjunction with statement analysis and other measures. Price to Book Value (P/B): A ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Also known as the â€Å"price-equity ratio†. Calculated as: A lower  P/B ratio could mean that the stock is undervalued. However, it could also mean that something is fundamentally wrong with the company. As with most ratios, be aware that  this varies   by industry. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. Price to Earnings Ratio (P/E): A valuation ratio of a company's current share price compared to its per-share earnings. Calculated as: For example, if a company is currently trading at Rs. 43. 00 a share and earnings over the last 12 months were Rs 1. 95 per share, the P/E ratio for the stock would be 22. 05 (Rs43/Rs1. 95). In general, a high P/E  suggests that investors are expecting  higher earnings  growth  in the future compared to companies with a  lower P/E. However, the P/E ratio doesn't tell us the whole story by itself. It's usually  more useful to compare the P/E ratios of one  company to other companies in the same industry, to the market in general or against the company's own historical P/E. It would not be useful for investors  using the P/E ratio as a basis for their investment to compare the P/E of a technology company (high P/E) to a utility company (low P/E) as each industry has much different growth prospects. The P/E is sometimes  referred to as the â€Å"multiple†, because it shows how much investors are willing to pay per Re. of earnings. If a company were currently trading at a multiple  (P/E) of 20, the interpretation is that an investor is  willing to pay Rs. 20 for Re. 1 of   current earnings. It is important that investors note  an important  problem that arises with the P/E measure, and to avoid basing a decision on this measure alone. The denominator (earnings) is based on an accounting measure of earnings  that  is susceptible to forms of manipulation, making the  quality of the P/E  only as good as the quality of the underlying earnings number. Dividend Yeild (D. Y): A financial ratio that  shows how much a company pays out in dividends each year relative to its share price. In the absence of any capital gains, the dividend yield is the return on investment for a  stock. Dividend yield is calculated as follows: Dividend yield is  a way to measure how much cash flow you are getting for each dollar invested in an equity position. Investors who require a minimum stream of cash flow from their investment portfolio can secure this cash flow by investing in stocks paying relatively high, stable dividend yields. What Is Technical Analysis? Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify  patterns that can suggest future activity. Just as there are many investment styles on the fundamental side, there are also many different types of technical traders. Some rely on chart patterns; others use technical indicators and oscillators, and most use some combination of the two. In any case, technical analysts' exclusive use of historical price and volume data is what separates them from their fundamental counterparts. Unlike fundamental analysts, technical analysts don't care whether a stock is undervalued – the only thing that matters is a security's past trading data and what information this data can provide about where the security might move in the future. The field of technical analysis is based on three assumptions: * The market discounts everything. * Price moves in trends. * History tends to repeat itself. The Market Discounts Everything: A major criticism of technical analysis is that it only considers price movement, ignoring the fundamental factors of the company. However, technical analysis assumes that, at any given time, a stock's price reflects everything that has or could affect the company – including fundamental factors. Technical analysts believe that the company's fundamentals, along with broader economic factors and market psychology, are all priced into the stock, removing the need to actually consider these factors separately. This only leaves the analysis of price movement, which technical theory views as a product of the supply and demand for a particular stock in the market. Price Moves in Trends: In technical nalysis, price movements are believed to follow trends. This means that after a trend has been established, the future price movement is more likely to be in the same direction as the trend than to be against it. Most technical trading strategies are based on this assumption. History Tends To Repeat Itself: Another important idea in technical analysis is that history tends to repeat itself, mainly in terms of price movement. The repetitive nature of price movements is attributed to market psychology; in other words, market participants tend to provide a consistent reaction to similar market stimuli over time. Technical analysis uses chart  patterns to analyze market movements and understand trends. Although many of these charts have been used for more than 100 years, they are still believed to be relevant because they illustrate patterns in price movements that often repeat themselves. Although technical analysis and fundamental analysis are seen by many as polar opposites – the oil and water of investing – many market participants have experienced great success by combining the two. For example, some fundamental analysts use technical analysis techniques to figure out the best time to enter into an undervalued security. Oftentimes, this situation occurs when the security is severely oversold. By timing entry into a security, the gains on the investment can be greatly improved. Alternatively, some technical traders might look at fundamentals to add strength to a technical signal. For example, if a sell signal is given through technical patterns and indicators, a technical trader might look to reaffirm his or her decision by looking at some key fundamental data. Oftentimes, having both the fundamentals and technical’s on your side can provide the best-case scenario for a trade. Not Just for Stocks: Technical analysis can be used on any security with historical trading data. This includes stocks, futures and commodities, fixed-income securities, forex, etc. In this tutorial, we'll usually analyze stocks in our examples, but keep in mind that these concepts can be applied to any type of security. In fact, technical analysis is more frequently associated with commodities and forex, where the participants are predominantly traders. Now that the philosophy behind technical analysis is understood, with the help of certain examples let’s see how it really works. Trend: One of the most important concepts in technical analysis is that of trend. The meaning in finance isn't all that different  from the general definition of the term – a trend is really nothing more than the general direction in which a security or market is headed. There are three types of trend: * Uptrends: Higher Highs and Higher Lows * Downtrends: Lower Highs and Lower Lows * Sideways/Horizontal Trends: Little movement up or down in the peaks and troughs Along with these three trend directions, there are three trend classifications. A trend of any direction can be classified as a long-term trend, intermediate trend or a short-term trend. In terms of the stock market, a major trend is generally categorized as one lasting longer than a year. An intermediate trend is considered to last between one and three months and a near-term trend is anything less than a month. A long-term trend is composed of several intermediate trends, which often move against the direction of the major trend. If the major trend is upward and there is a downward correction in price movement followed by a continuation of the uptrend, the correction is considered to be an intermediate trend. The short-term trends are components of both major and intermediate trends. It is important to be able to understand and identify trends so that you can trade with the trend rather than against them. Two important sayings in technical analysis are â€Å"the trend is your friend† and â€Å"don't buck the trend†. Trendline is the tool used to draw trends and even identify the support and resistance. Support and Resistance: Support: The price level through which a stock or market seldom falls. Resistance: The price level that a stock or market seldom surpasses. Once a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to  reverse its role. For a true reversal to occur, however, it is important that the price make a strong move through either the support or resistance. Support and resistance analysis is an important part of trends because it can be used to make trading decisions and identify when a trend is reversing. For example, if a rader identifies an important level of resistance that has been tested several times but never broken, he or she may decide to take profits as the security moves toward this point because it is unlikely that it will  move past this level. Support and resistance levels both test and confirm trends and need to be monitored by anyone who uses technical analysis. As long as the price o f the share remains between these levels of support and resistance, the trend is likely to continue. It is important to note, however, that a break beyond a level of support or resistance does not always have to be a reversal. For example, if a price moved above the resistance levels of an upward trending channel, the trend has accelerated, not reversed. This means that the price appreciation is expected to be faster than it was in the channel. Being aware of these important support and resistance points should affect the way that you trade a stock. Traders should avoid placing orders at these major points, as the area around them is usually marked by a lot of volatility. If you feel confident about making a trade near a support or resistance level, it is important that you follow this simple rule: do not place orders directly at the support or resistance level. This is because in many cases, the price never actually reaches the whole number, but flirts with it instead. So if you're bullish on a stock that is moving toward an important support level, do not place the trade at the support level. Instead, place it above the support level, but within a few points. On the other hand, if you are placing  stops or short selling, set up your trade price at or below the level of support. Volumes: Volume is simply the number of shares or contracts that trade over a given period of time, usually a day. The higher the volume, the more active the security. To determine the movement of the volume (up or down), chartists look at the volume bars that can usually be found at the bottom of any chart. Volume bars illustrate how many shares have traded per period and show trends in the same way that prices do. Volume is an important aspect of technical analysis because it is used to confirm trends and chart patterns. Any price movement up or down with relatively high volume is seen as a stronger, more relevant move than  a similar move with weak volume. Therefore, if you are looking at a large price movement, you should also examine the volume to see whether it tells the same story. The other use of volume is to confirm chart patterns. Patterns such as head and shoulders, triangles, flags and other price patterns can be confirmed with volume. In most chart patterns, there are several pivotal points that are vital to what the chart is able to convey. Basically, if the volume is not there to confirm the pivotal moments of a chart pattern, the quality of the signal formed by the pattern is weakened. Another important idea in technical analysis is that price is preceded by volume. Volume is closely monitored to form ideas on upcoming trend reversals. If volume is starting to decrease in an uptrend, it is usually a sign that the upward run is about to end. Now that some of the important factors of technical analysis are understood, we can move on to charts, which help to identify trading opportunities in prices movements. Charts: In technical analysis, charts are similar to the charts that you see in any business setting. A chart is simply a graphical representation of a series of prices over a set time frame. For example, a chart may show a stock's price movement over a one-year period, where each point on the graph represents the closing price for each day the stock is traded There are several things that you should be aware of when looking at a chart, as these factors can affect the information that is provided. They include the time scale, the price scale and the price point properties used. The Time Scale: The time scale refers to the range of dates at the bottom of the chart, which can vary from decades to seconds. The most frequently used time scales are intraday, daily, weekly, monthly, quarterly and annually. The shorter the time frame, the more detailed the chart. Each data point can represent the closing price of the period or show the open, the high, the low and the close depending on the chart used. The Price Scale and Price Point Properties: The price scale is on the right-hand side of the chart. It shows a stock's current price and compares it to past data points. This may seem like a simple concept in that the price scale goes from lower prices to higher prices as you move along the scale from the bottom to the top. The problem, however, is in the structure of the scale itself. A  scale can  either be constructed in a linear (arithmetic) or logarithmic way, and both of these options are  available on most charting services. Charts: There are four main types of charts that are used by investors and traders depending on the information that they are seeking and their individual skill levels. The chart types are: the line chart, the bar chart, the candlestick chart and the point and figure chart. Line Chart: The most basic of the four charts is the  line chart because it represents only the closing prices over a set period of time. The line is formed by connecting the clo

Capitalization of Gender in Edna Millays Essay Example for Free

Capitalization of Gender in Edna Millay’s Essay The sonnet has experienced many modifications and innovations throughout the ages. Edna St. Vincent Millay’s â€Å"I, Being Born a Woman and Distressed† and Elizabeth Barrett Browning’s â€Å"Sonnet 43†, both Petrarchan sonnets, have diversified and helped pave the way for future female poets. In order to address and capitalize on ideas of gender connected to sonnet form and content, Edna Millay and Elizabeth Browning both revolutionize the traditional male-dominated sonnet form as females, Browning expresses overly sentimental and passionate emotion through content and Millay contradicts the social norm of female sexuality as well through content. Millay and Browning revolt against the male-dominated sonnet. Popular among prominent male poets, the sonnet was deemed unworthy for females, as men were far more educated and capable of fulfilling its high standards and strict guidelines. Both poets proved common beliefs wrong by excelling in the sonnet form. They used the Petrarchan sonnet, playing close attention to rhyme scheme and using iambic pentameter. They even incorporated the Volta between the octave and sestet, while using the first three lines in the sestet to introduce the change in tone and the last three lines in the sestet to conclude, invariably identical to the traditional Italian sonnet. At a time where women did not even have the right to vote, Millay and Browning both struggled to find a place in poetry writing, especially the sonnet form in which their predecessors were all male. The literary cannon and the Romantic Era consisted of all male poets who directed the sonnets to their lovers in regard to express their profound appreciation. Love has been the preferred sonnet theme since the 1300’s when the sonnet was created and both, Millay and Browning, stuck with the same traditional concept of love and lust as their topic. Being one of the most popular, sought out forms of poetry, the sonnet was the perfect way for nineteenth-century women to get out into the limelight and start a feminist movement. Or possibly, women poets stumbled toward the sonnet form due to its oppressive rules of rhyme scheme, structural shifts, meter and syllable count, it provided them a ready-made metaphor, suggesting difficulties in communication. Extremely restrained, the sonnet form helped make inexpressibility apparent, it therefore presented women sonneteers with an irony that revealed their circumstances of restricted speech and forced silence. Female poets, who incorporated the strict sonnet form, at a time difficult for women to freely embark in the lyric tradition, did so only to promote gender variance. Elizabeth Browning uses exceedingly sentimental emotions in her â€Å"Sonnet 43†. She either does so for ridicule or freedom for women to express themselves. By the use of such diction she is using satire and mockery of overly melodramatic reactions and feelings of a typical woman. â€Å"†¦ With my lost saints! -I love thee with the breath,/ Smiles, tears, of all my life!†¦ (12-13)†, even with the usage of several exclamation marks, she creates emphasis on the over exaggeration. In her Sonnet 43, Browning proclaims the pleasure love brings and pleads for a complete surrender to love, which seems far too corny. Or perhaps, she is just being herself, demonstrating to fellow females to be confident and unafraid of articulating and communicating your feelings. Following the thematic convention of rhyme scheme and iambic pentameter, Browning either wants to represent stereotypical females with her portrayal of unrealistic sensations or she wants to prove that even a completely feminine sonnet can create attentiveness to gender difference. Edna Millay challenges the social standards of female sexuality. Millay’s poem explores a female-centred perspective which opposes the widespread male-dominated presumptions of women. It is indeed a very sexual poem, revealing her sexual attraction and intentions to a particular man. Female sexuality was silenced in those times and rarely did women speak so openly and fearlessly of personal matters. She created a new realm of subject matters to women authors and helped support a liberated approach to life. The style of her poetry is formal with typical meter and rhyme scheme. Critics have repeatedly pointed out her bizarre connection of conventional poetic forms and structures with completely unconventional ideas and expressions. We must recognize and appreciate Millay for revealing the love ’em and leave ’em tactic normally exercised by males. However, because of the poet’s reversed gender, this strategy seems more modern, harmless and considerably humorous. There is irony and originality in a female using such rebellious content, perhaps she is scrutinizing normal male intentions, as it is regularly the women who are hurt in the end because they long for a relationship while the men are only looking for sex. The form may receive validity of tradition while the content concurrently mocks tradition. With the help of this poem she gained a reputation of a free-spirited and revolutionary social figure whose work followed her commemoration of life. Edna Millay’s poem fights for sexual freedom originally claimed by men, it fights for equality of the double standard that exists, which inhibits female sexuality and encourages male sexuality. Writing as women has led them to run â€Å"counter to† their culture and â€Å"against the grain of time† to echo Pounds’ words. Edna St. Vincent Millay’s â€Å"I, Being Born a Woman and Distressed† and Elizabeth Barrett Browning’s â€Å"Sonnet 43† redefine the standards of genre and gender norms. Millay and Browning both revolt against the regularly male sonnet form, they were attracted to its structural affinity to promote gender variance. Browning creates emphasis using ordinary female emotions, while Millay challenges normality of female sexuality. However at the same time there are distinct contrasts apparent, Browning’s poetry has a feminine quality with such passion and sentimentality while Millay’s poetry has a masculine quality, as it resists sentimentality with her ability to look beyond the status quo and her completely opposite lifestyle of love affairs. However, both poets attempt to reconcile with convention while contributing to gender capitalization, hoping to establish diversification equally valid for females. Both are icons for womanhood, both are masters of the sonnet forms and both are nurturers of ambition, independence, outspokenness and flaunting sexuality. Capitalization of Gender in Edna Millay’s. (2016, Oct 03).

Globalization Term Paper Example | Topics and Well Written Essays - 250 words - 1

Globalization - Term Paper Example Arab Maghreb union consists of five states such as Tunisia, morocco, Algeria Libya and Mauritania all from North Africa. The five members signed a treaty to enhance stability and tranquility in the region coupled with superior coordination of policies that have mutual benefits. Additionally, the other major agreement among those states in the union is to enhance free trade that would improve their economic stability. Another key aspect that could boost trade in AMU is establishment of joint projects and other economic programs that could make the AMU members to be competitive in the world market (The Chinese University of Hong Kong, Para. 1-5). AMU and European Union (EU) are similar in that their aims are to improve the economic status of their respective members by making regulations that will enhance effective trade. However, difference between the two unions is visible because AMU is a free trade area while EU is a customs union (Shafeeq Para. 16-19: Hannan Para.1-5). In conclusion, trade unions have benefited much in boosting the world’s economy as they have assisted to eliminate the barriers of trade that barred economic growth. AMU and EU are perfect examples of trade unions with the two unions exhibiting same objectives but they have different policies. Hannan, Daniel. The EU is Not a Free Trade Area but a Customs Union: Until We Understand the Difference, the Debate about Our Membership is Meaningless. 5 Feb. 2014. Web. 5 Feb. 2014.

Professional Dispositions in Educational Environment Essay

Professional Dispositions in Educational Environment - Essay Example I reckon that it is encouraging for students to know that their educator understands and accepts them. Empathy helps me not to judge learners unfairly and instead, accept and respect their perceptions and opinions unconditionally. Empathy is strength in me as it helps me create an environment conducive to harmonious learning. It would be chaotic trying to impart knowledge on to individuals whom I have not taken time to understand. Lack of an understanding of my learners’ subjective worlds would make me judge the things they do and the way they do them. Empathy saves me the trouble of getting agitated by something that my learners do or say and instead savors this energy for helping my learners to rise above their biases and any other opinion that can hinder effective learning (Reid et. al., 2011). As a strength empathy helps me identify the areas in which individual learners need assistance and as such, I can attend to individual needs besides attending to the needs of the larger class. Individualized attention helps students be free and express their fears and weaknesses to me as an educator out of trust. Individualized attention is instrumental in improving the performance of learners. Authenticity is my other professional disposition with which I approach my work as an educator. Authenticity helps me reckon that different learners have different needs and as such, I vary my methods and approaches to teaching. This comes with an understanding that the method or approach that works for an individual learner or group of learners may not work for another. I emphasize originality and uniqueness in the execution of my duties and in the delivery of content to learners. Authenticity helps me accept my weaknesses and shortcomings and allows me to express myself with genuineness and honesty (Reid et. al., 2011).  

Recycling Essay Example | Topics and Well Written Essays - 1000 words

Recycling - Essay Example For example, there are several similarities and differences of recycling between China and Australia when viewed in the lines of legislations guiding recycling, recycling of e-wastes, and water recycling. Chinaview.cn reports that the Chinese government passed legislations that intended to scrap progressive pricing of water since the consumption level of each household was unknown. Chinese law also proposed to boost sustainable development through energy saving and reducing discharge of waste products (Chinaview.cn). Similar legislations apply to the Australian laws that help the country to manage environmental pollution. According to Recycling International, the government of China formulated a law to govern the recycling of e-wastes. Australia does not only have laws governing the recycling of e-wastes but also regulates the amount of e-waste exports to China. The law commands for license and taxes to the individual manufactures of the electrical appliances. This move was to address the problem of increased destruction of electrical appliances by specific companies and individuals. The Chinese government established laws that regulate the pricing of water to consumers to avoid undu e exploitation of consumers. In addition, China formulated laws that enable the government to regulate the use of energy and pollutant emissions. China legislations on recycling encourage innovation in recycling technology through fund allocations to such projects. In addition, Chinese legislation on recycling provides tax relief to enterprises that use energy conserving technologies in their recycling processes. The Australian government passed a legislation that worked to regulate the exportation and importation of hazardous wastes as well as to ensure safe disposal for the protection of human life. The Australian law also advocated for issuance of certificates to individuals who intend to import or export hazardous wastes. The

Foundations of Teams and Teamwork Assignment Example | Topics and Well Written Essays - 500 words

Foundations of Teams and Teamwork - Assignment Example This is because the success of a manager heavily relies on the teams that a manager has been able to build in an organization. Team building in an organization is a continuous process and involves the manager being able to deal with the internal dynamics of a team; issues of tasks and selection of the team members and also the management of the external dynamics; proper evaluation of organization’s environment both internal and external in relation to the team development and proper management of relationship amongst the team members. If a manager is able to fully deliver on internal and external dynamics of team building, he or she designs not just a team but an effective team (Thomson, 2008). This way, the effective team is able to properly function and achieve organization’s goals and objectives as stipulated by the mission and the vision statements. There are many factors leaders and in this case managers evaluate to determine if there is need for a team or not. Such factors include organization’s goals and objectives, the nature of the organizational tasks and also the organizational resources; financial and human resources. Organizational goals and objectives are directed by the mission and vision statements (Thomson, 2008). A leader who is focused towards effectively meeting the goals and objectives of a company and at the same time achieving the mission and the vision of the company would need quite effective and functioning teams. The nature of organizational tasks is also vital in deciding whether to have teams or not. Literally, simple tasks do not need teams to undertake them but complex tasks do. Organizational tasks such as market design and market analysis needs effort of more than one individual to adequately cover the entire market population and to adequately deliver. An organization that has no financial a nd human resources is not

Introduction of e-banking service in HSBC plc bank and what is its Essay

Introduction of e-banking service in HSBC plc bank and what is its impact on the functioning model of a Bank - Essay Example The research approach undertakes a specific design that is "the overall strategy chosen to obtain the information required to answer the research question" (Ghauri and GrØnhaug p 47 2002). The research approach will review the types of research design and data collection methods. The research approach is built on logical relations and not just beliefs. Descriptive research is used when the research question is understood (Ghauri and GrØnhaug 2002). In the research approach, the data measurements are dependent on the obtainment of required information and the quality of the information. The outcome of the research, therefore, is dependent on the measurement procedures used in the collection of the data, and this in turn is dependent on the types of data collection (Ghauri and GrØnhaug p 47 2002). This is an important concept of qualitative research, where the description is either inductive or deductive. Inductive research begins with a question and seeks to describe it, and deductive research begins with the problem by working backwards to the answers. Therefore, this research uses the inductive approach to build the theory from the data gathered to explore possible conclusions towards E-banking - Modifications in SCM (Supply Chain Management of the Bank) and Security issues such as Phising & Pharming. The selected research methodology is a descriptive interview with one manager at HSBC Bank in London. This will be a structured interview that focuses on E-banking - Modifications in SCM (Supply Chain Management of the Bank) and Security issues such as Phising&Pharming. Secondary research is to review published materials such as: articles previous researched etc. which would be analysed to gain a broader perspective of the issue. This brings the question of research strategy. Combining the approach as an inductive, qualitative description with a well-established research strategy will allow for a better

Translating Strategic plans into Operational Plans Essay

Translating Strategic plans into Operational Plans - Essay Example The picture is broken into many parts and all the micro-detailing are carried out to get the picture, the essence of translating long term objective into operational plan. The journey of achievement of long term objective is achieved through milestones, annual operation plan and medium term business plans. Business plans falls somewhere between long term objective and operational plan so it has a mix of the elements from both these types of planning approaches. The annual operational plan is a all about how to achieve the annual milestone. It breaks the planning into distinctly different areas / aspects. These include the daily / weekly /monthly output targets, resource deployment, financial plans-both the expenditure and income side, marketing plan, human resource plan and all other associated activities like statutory, safety, investment etc. It has been recommended that the plans should be simple and easy to understand as it is essentially a communication to work force about the goals or results which the firm wants to achieve daily, weekly, monthly or on an annual basis. The quality of planning goes a long way in making the plan successful. It will be more beneficial to involve a large cross section of people during the planning exercises.

Leadership and Management Skills of the Great Personalities of the Essay

Leadership and Management Skills of the Great Personalities of the Twentieth Century - Essay Example The researcher states that even though Adolf Hitler, Franklin Delano Roosevelt, Joseph Vissarrionovich Stalin and Sir Winston Leonard Spencer Churchill belong to different nations, and cultures, one of the common elements seen in the behaviors of these people was their leadership skills or man management power. In fact, people adorned these leaders very much and were ready to do anything instructed by these leaders. In other words, people had blind faith in the abilities of these great leaders. Even though Hitler and Stalin were popular in their countries alone, Churchill and Roosevelt were very much popular all over the world. Stalin and Hitler worked only for the wellbeing of their people whereas Roosevelt and Churchill worked for the wellbeing of the global community, In other words, Hitler and Stalin were regional leaders whereas Roosevelt and Churchill were global leaders. The ability to solve problems in crises was the major element of similarity in the leadership of these four great personalities of the twentieth century.   Adolf Hitler, a politician of Austrian German, became boss of Nazi party in 1921 and being appointed the position of Germany Chancellor in 1933. In 1934, Hitler has assumed the office of German leader. During the Second World War, he was additionally appointed as Supreme Commander of German Armed Force. He was widely accepted as the main trigger of the Second World War.A decorated veteran of World War I, Hitler joined the precursor of the Nazi Party (DAP) in 1919 and became the leader of NSDAP in 1921. He attempted a failed coup detat known as the Beer Hall Putsch, which occurred at the Bà ¼rgerbrà ¤ukeller beer hall in Munich on November 8–9, 1923. Hitler was imprisoned for one year due to the failed coup, and wrote his memoir, "My Struggle" (in German Mein Kampf), while imprisoned. After his release on December 20, 1924, he gained support by promoting Pan-Germanism, antisemitism, anti-capitalism, and anti-communism with c harismatic oratory and propaganda. He was appointed chancellor on January 30, 1933, and transformed the Weimar Republic into the Third Reich, a single-party dictatorship based on the totalitarian and autocratic ideology of Nazism.

The Lake House Story Essay Example for Free

The Lake House Story Essay The stories is about six hybrid children (bird/human) Max, Oz, Mathew, Ic, Peter and Wendy who were rescued from a place called the Hospital. The children were rescued by a vet named Frannie ONeil and a FBI agent named Kit. After being rescued by the couple the kids built a strong bond with Frannie and Kit after staying with them for sometime. The couple soon find themselves in court fighting for custody for the children from each of their biological parents. Even though the kids dearly want Kit and Frannie to be their parents the judge decides for them to be with their biological parents. All the kids hated being with their parents. Mathew was often bullied at school ,Peter and Wendy were used for commercials all the time, courtesy to their parents. On day a man named Ethan Kane, the man in charge of the Hospital tried to kidnap Max and Mathew. With their high intelligence and remarkable strength they managed to escape to safety and meet up with the rest of the flock. Collectively the children fly to Frannies house. Later that night workers from the Hospital attempt to break into Frannies house. Frannie comes up with an escape plan and sets her house on fire hoping to create a diversion from the workers while she and the other children escape from the basement of her home. After they escape the kids and Frannie meet up with Kit. Kit then takes them all to his home in Washington where the Hospital is located. While Kit and Frannie are out running errands the kids once again get a visit from the workers from the Hospital and get kidnapped. Oz is shot by a sniper trying to protect Max. Frannie and Kit try to protect the kids but are drugged and taken to the Hospital along with the children. Soon Max escapes and finds that patients are hooked up to holographic monitors, which takes the patients deep inside their dreams while their organs are being taken and used for the Resurrection of rich and famous people . Max manages to rescue Kit, Frannie and the other kids, and they all escape. Although they try to expose the Hospital, all evidence of their experiments disappear. The next appeal hearing takes place a few days shortly after the whole Hospital catastrophy.The judge decides its best the children go with Frannie and Kit. The family rejoices and moves back to the Lake House. There, Frannie notices that Max has been in her room all morning. She goes to investigate and finds out that Max has laid two eggs. One night, Kane suprisingly breaks into Maxs room to steal the eggs. Max knocks him out of the window hoping shed break his neck. Four weeks later, the eggs hatch. The winged babies are a boy and a girl, who are name Ozymandias and Frances Jane. The book ends with Max thinking that she cant wait to teach them how to fly.

Inner Beauty Essay Example for Free

Inner Beauty Essay Beauty is an important thing for women. For woman if they’re not looking beauty in public, it will make they’re not confident. The definition of beauty according to people from era to era and region is different. For example, in England ( Queen Elizabeth 1 era ), in this era a beautiful woman is the one who has pale skin. And the role model is Queen Elizabeth 1 herself. In her era, Queen Elizabeth 1 deputize the standard of woman’s beauty in England. Usually people likes pale skin because it means high class or status. In China ( Tang dynasty era until Qing dynasty ), woman is beautiful if they has small foot size. Chinese foot binding is the technique to make their foot become small. To get small foots, their foots will be bound and bended and also weared a pair of small shoes. More smaller the size of their foots, so it’s make them more beautiful. In Myanmar ( the tribe of Padaung ) , woman is beauty when they have a long neck. Since the age of 5 years, their necks fitted with a kind of bangle and the number of bangle will increase along their age. Amount of bangle which they wear will become a symbol of how rich that the woman’s family have. But the important thing is it can be used to attract a good husband. In Ethiopia ( the tribe of Surma ), according to tribe of Surma in hinterland of Ethiopia that beautiful woman is the one who have a wide lips. Before married, all the tribe women are wearing a kind of saucer from clay or wood called SIGARO at their lower lips. In Uganda ( tribe of Hima ), until now they still assumed that fat is beautiful. All women who will get married have to spend a few months before the big day to make a fuller body. The definition about beauty from careworldtv. om is a characteristic of a person that provides a perceptual experience of pleasure, meaning, or satisfaction. ( http://www. careworldtv. com/inner-and-outer-beauty ). According to Danna Mason (2011), beauty is defined as the qualities in a person or thing that gives pleasure to ones senses. In this modern era, the definition of beautiful women according to the perception some of men is woman who has slim body, tall, long hair, fair – skin. There are also women who agree with that perception. There are two kinds of beauty, inner beauty and outer beauty. As Holland said in her article, inner beauty is something possitive that all human have and it is hidden in body, can not be touch, can not be seen physically but from kindness, sensitivity, compassion, intelligence, creativity, genuineness, love and concern to others. Outer beauty is the beauty that is only seen from the physical appearance. Many people agree that inner beauty is more important than outer, but why inner is important than outer beauty? As said by Khusee Sharma in his article, inner beauty is important to know about our inner strength, and gain positivity in life. Our real strength lies in harnessing our deepest resources mentally to give our best. How is inner beauty is important than outer beauty? It is well said that â€Å"beauty lies in the eye of the beholder†. Inner beauty is that beauty which shows our inner character, our moral values ethics and cultural. Whereas outer beauty is that beauty which is pleasing to eyes. Inner beauty is to know the strengths and live with them, which results in confidence. Outer beauty is something one is born with, while inner beauty is a gift to one self. We may not be able to see inner beauty in a person but we can definetely feel it.