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Daily Pour

 

 

    

Date :21/09/2017    Issue No. :1391/17-18

Compiled By :   Shyamal Aroskar, Asst. Dir.-WR 

                            B.Ramchandran, Chennai 

_________________    
 

 

IIF News

 

Foundry Excellence  Workshops

 
IIF  is  coming  up  with  a  series  of  five  power  packed  Foundry Excellence Workshops  at  Pune.
These  workshops  are  specially  designed  for  foundry  industry  to  develop  the  next  generation  of  leaders  as  well  to  groom Current  leaders  for  growth planning  and  to  take  your  business  to  next  level.
 
Schedule :
07/10/2017 – Way to Top – Prepare Organisation’s  Growth  Strategy &  Structure
 
09/12/2017 – Indentify  Your Core Competence
 
10/02/2018 – Want  to be a Global Player ? Understanding of Market, Processes  &  Structure is  the  Key
 
28/04/2018- Implementation  of  Simple  Quality Control and Data Collection  Tools
 
09/06/2018 – Cost Control & Long Term Planning  for  Sustainable Growth
 
Venue :  Hotel Pride, Shivaji Nagar,  Pune
 
Time :  9:30 a.m. – 5:30 p.m.
 
Faculty : 
Key Faculty  -  Mr.Nagesh Dhumma, Sourcing  &  Growth Expert
and other  expert  faculties  from the industry.
Don’t  miss  Koffee With Keynote  and  Josh  Talk  in  each  workshop.
         
Registration  Fees : 
Rs.4,500 / workshop
Rs.20,000  for  all  five  workshops if  registered  together
20%  discount  to  IIF  company  members
18% GST  extra
 
Kindly  fill  attached  registration  form  and  send  to  Mr.Rajendra Newadkar , Director- NCTS  on  ncts@indianfoundry.org  
 

 

 
With Regards,
  

Shyamal Aroskar

Asst.Director IIF-WR

09323596953

 

  

 

 
 
 
Thought of the Day

 

 

News Letter Supported By

 

   

                   
 
 
               
 
         
 
          
 
 
                   
 
 
    
 
 
                
 
 
   

 

Today's Top Raw Materials Headlines

 

 

*** Global Nickel market deficit widens during July

*** Tight graphite electrodes supply effects refractories, steel mills alike

*** China’s domestic Refined Copper demand likely to advance in Q4

*** Chinese HRC price decreases continuously

*** Chinese ferromolybdenum market sees price correction

*** Chinese ferronickel price goes down

*** Chinese Ferro silicon prices goes down further

*** Chinese zircon sand prices increase further

*** Iron ore price drops as Chinese steel begins to pile up

 

Raw Material News

 

Indian steel ministry focuses on converting thermal coal into coking



Odisha TV quoted steel minister Chaudhary Birender Singh as saying that the ministry was focusing on converting thermal coal into coking coal which is considered to be an important ingredient of steel making. The Minister told BTVi that “Some sort of innovation showed thermal coal can be used as coking coal



***

A defining feature of India's economy has just fallen prey to the beauty of GST


GST has a built-in incentive to comply: that is the beauty of the tax. Compliance means revealing input purchases and sales. That reveals income as well.


***
 
Indian Ministry of Steel plans to intervene in domestic steel price inflation


It is reported that the Indian Ministry of Steel warned domestic steelmakers to check the recent soaring price of steel or the risk of government intervention.

The government officials said that the domestic steelmakers would not increase steel prices because of the increase of production costs. It is expected the Indian domestic steel producers needed to ensure that steel prices rose slowly.

The government said the steel sector would monitor domestic steel prices, in order to ensure the profits for both sides.


 

***

 

Industry News

 

M&M to acquire Turkish tractor, foundry firms for Rs 735 cr

 

Mahindra & Mahindra (M&M) today said it has signed pacts with Turkey-based Erkunt group to acquire its tractor manufacturing and foundry businesses from for about Rs 735 crore.

M&M said it will acquire Erkunt Traktor Sanayii for Rs 478 crore, a move which is aimed at entering the fourth largest tractor market in the world.

Besides, it has inked a share purchase agreement to acquire 80 per cent stake in Erkunt Sanayi AS for Rs 257 crore. The entity is engaged in production of engine blocks, cylinder heads and transmission cases.

M&M said it will acquire 100 per cent share capital of Erkunt Traktor thus giving it access to Turkish market. "Through this acquisition, the company would also acquire a wide product portfolio," M&M said in a regulatory filing.

The transaction is expected to be closed by November 30, 2017.

Established in 2003, Erkunt Traktor manufactures and markets tractors under Erkunt brand in Turkey. It also exports tractors to various global markets under the ArmaTrac brand.


Last year, the company sold a total of 4,700 tractors while posting revenues of 314 million Turkish Lira. The company rolls out 23 tractor models ranging between 50 HP to 110 HP.

M&M said the investment may go up to Rs 322 crore for acquiring 100 per cent stake in Erkunt Sanayi AS (Erkunt Foundry).

The entity has a production capacity of 65,000 tons in casting and 32,600 tons in machining. It operates through three different entities around Ankara. M&M shares were trading marginally up at Rs 1,295.25 a piece on the BSE.


 
***


Chinese car maker Chery planning to enter India, may join hands with Tata Motors

Chery International is studying the possibility of entering India, becoming the latest among Chinese automakers to show interest in this fast-growing automobile market.

China's top car exporter, which has a joint venture with Tata Motors' Jaguar Land Rover (JLR) unit in its home country, may leverage that partners hip to drive into this market or look at other options, its chairman said.

“India is a great country with a good heritage. We have a partnership with Tata Group. We may explore a tie-up to enter India,“ Yin Tongyao told ET on the sidelines of the Frankfurt Motor Show last week. “It may be with Tata Motors or without them, nothing is decided.“

Chinese automakers have long been talking about entering India, but have yet to launch their products here.But some of them have taken more definite steps in recent times, as they look for new markets to offset a slowdown in sales growth at home.

While Shanghai Automotive and Beiqi Foton have firmed up their India plans, Changan and Great Wall have had several rounds of discussions with authorities here. Chery, a stateowned company, has sold more than six million vehicles since its inception two decades ago.

Tata Motors previously had discussions with Chery for a collaboration on platforms and engines as well as the Chinese carmaker's India entry plans.


Chinese newspaper Nanfang Daily reported in 2014 that Chery was in talks to sell the platforms of its QQ, A1 and M1 micro sedans and A3 compact car to Tata Motors to raise capital and ease its debt burden.

Those plans were apparently put on the back burner as the Indian company started talking to Germany's Volkswagen and PSA Group of France for potential partnerships. But the talks with the European automa kers have also not progressed much.

Chery chief executive Chen Anning said the evolution of the Indian market was very similar to that China had seen.


***

 

Life Style & Management

 

Getting emotional after failure helps you improve next time, finds study 

 
If you are a really emotional person, then this news might be really important for you.
A recent research has found emotional responses to failure rather than cognitive ones are more effective at improving people's results for the next time they tackle the next related task.

Noelle Nelson, assistant professor of marketing and consumer behavior in the KU School of Business, said, "Understanding how performance differs when focusing on feelings versus thoughts could really impact the way people think about their failures or the way employers think about their employees' failures. Sometimes the literature has focused more on types of thoughts or types of emotions, but we were interested in the difference between a basic emotional versus cognitive response."

The researchers conducted three experiments in which undergraduate students were required to perform tasks.

In one, students were asked to search online for a blender and report the lowest price they could find with the possibility of winning a cash prize.

The price search task was rigged, however, and a computer would inform all participants that the lowest price was USD 3.27 less than what they found. All failed to win the USD 50 cash prize.

Some participants were asked to focus on emotions as they learned the results and others their cognitive response, such as rationalizing factors for why they didn't succeed.

During the next similar task, participants that focused on their emotional response to failing exerted more effort than those who emphasized a cognitive response.

Nelson shared, "I do think people will be surprised that allowing themselves to feel bad about a failure can improve performance more than thinking about that failure in some instances. he kinds of thoughts, like rationalizing a failure, people tend to come up with are sometimes counterproductive."

The results are fairly straightforward because they indicated that allowing yourself to feel bad or even focus on negative emotions after a failure will help guide future decision making in a positive way, at least if the task is similar to the one you failed at earlier, she said.

"In this case, I see our findings being useful to consumers themselves, employers, teachers or anyone who deals with managing failure in decision making. Someone like a manager or teacher would be able to guide employees and students in how they respond to failure, hopefully improving the way the next decision is made," noted Nelson.

Future research could focus on separating specific types of emotions and thoughts because it may be that specific emotions are more effective than others, and certain types of thoughts may hurt or help more than others, she explained.

Another piece of good news is the findings are easily applicable for people practicing self-motivation techniques.
Nelson concluded by saying, "A natural tendency after failure is sometimes to suppress emotions and cognitively rationalize the failure, but if people know the possible negative effects of that behavior, they can override that natural tendency and focus on the negative feelings. That should lead to learning and future decision making that is more positive."
The study was published in Journal of Behavioral Decision Making.
***

how m

 

Jokes All the Way

 

Why is English such a difficult, funny Language::  some examples 



The soldier decided to desert his dessert in the desert.

Since there is no time like the present, he thought it was time to present the present.

A bass was painted on the head of the bass drum.
The insurance was invalid for the invalid.
To help with planting, the farmer taught his sow to sow.

The wind was too strong to wind the sail.

After a number of injections my jaw got number.

Upon seeing the tear in the painting I shed a tear.

I had to subject the subject to a series of tests.

How can I intimate this to my most intimate friend?


***
Principal to student..." I saw u yesterday rotating near girls hostel pulling cigarette... ? "

***
Class teacher once said :

" pick up the paper and fall in the dustbin!!!"

***
once Hindi teacher said...."I'm going out of the world to America.."
 
 
 
***

 

 

 

 

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