Newsletter Rajiv Bajaj 13th January, 2015

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May the festival of Lohri be a harbinger of happiness and good luck!!!
Happy Lohri to you and your family…
THOUGHT OF THE DAY
“Optimism is the foundation of courage...”
Law Updates:
 Circular ref CIR/MRD/DP/ 1 /2015 dated January 12, 2015 issued by SEBI
to the Depositories regarding Risk Management Policy at the Depositories.
 Circular No. 01/15-Customs dated 12/01/2015 ref no- F. No.
450/25/2013-Cus IV (Pt.) issued by Central Board of Excise and Customs
regarding Merging of Commercial invoice and packing list.
 Govt rethinks CIL, ONGC stake sale as share prices tumble.May instead
divest stake in companies like NHPC, NMDC to meet divestment target.
 Notification dated 09.01.2015 authorizing officers for filing complaint
under section 159 read with section 155 of the Companies Act, 2013 issued
by MCA
 A number of distributors have come under the radar of the Association of
Mutual Funds in India (AMFI) for failing to pay back „clawback
commission‟ to asset management companies (AMCs).
PROFESSIONALS INPUTS:
 SEBI has issued Consultative paper on managing/advising of Offshore
Pooled Assets by Local Mutual Fund Managers.
 SEBI has issued Circular ref CIR/MRD/DP/02/2015 dated January 12,
2015 to All Stock Exchanges regarding Index based market-wide circuit
breaker mechanism.
 Speech delivered by Shri R. Gandhi, Deputy Governor at the “Indian PSU
Banking Industry: Road Ahead” Summit organized by Bengal Chamber of
Commerce and Industry on January 10, 2015 at Kolkata.
 Dr. Raghuram Rajan, Governor, Reserve Bank of India (RBI) and Dr.
Mario Draghi, President of the European Central Bank (ECB) today signed
a Memorandum of Understanding (MoU) on cooperation in the field of
central banking.
MARKET WATCH:
SENSEX: 27568.88 -16.39 NIFTY:8340.35 17.35
SILVER:37501.00 530.00 GOLD (MCX): 27124.00 94.00
USD/INR: 62.07 -0.08 CRUDE OIL: 2821.00 -69.00
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Date: 13thJanuary, 2015

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Col. (Retd.) H.S. Bedi,
CMD, Tulip Telecom Ltd.
“Innovation Breeds Success. Innovation Is The Engine That Drives Corporate Growth.
Continuous Innovation Plays an Extraordinary Role in Business Triumph Today”, H.S. Bedi.
EARLY LIFE…
Hardeep Bedi must be the best inspiration for those who are in the Government jobs, particularly the Services.
Col H S Bedi, VSM, Chairman and Managing Director of Tulip Telecom, is in the list of The 100 Richest Indians
of Forbes India. He joined the Indian Army, following his three generation old family tradition of serving the
nation. After completing his schooling, he joined the National Defence Academy in 1969, and then was
commissioned in the 72 Armoured Regiment. He developed his IT skills at Army‟s Faculty of Computer
Technology at MCTE, Mhow, a post where he was appointed as a faculty instructor. Bedi, during his initial days
was told to work upon many technology solutions for the then Chief of the Army Staff and various Army HQ
Directorates. After this, he was posted at the Army Headquarters to work on the Army‟s automation plans.
BRIEF HISTORY…
After serving 22 years in the Indian Army, he recognized his entrepreneurial skills in the field of IT. He took
voluntary retirement from the Army and started his own company. His entrepreneurial skills helped the
company gain profitability and attain success in all industry segments. He started off the company with 4
employees in New Delhi as a software seller. Later the company explored the field of Network Integration and
implemented world‟slargest wireless network at Mallapuram, Kerala. Many upcoming entrepreneurs face
problems in regard to working capital, as did Bedi. But he hired professionals to take care of it and he focussed
on sales and delivery capabilities which has made the growth possible. An enterprise started with Rs.4 lakh in
1992 has now become a Rs.2400 crore company.
RANKING…
Tulip has been ranked 79 amongst Business World‟s India‟s best performing mid-sized companies in a report
titled “Tomorrow‟s Giants‟. The company is also ranked as India‟s fourth largest network integrator by Voice &
Data Magazine in their Networking Masters Issue.
SUCCESS TIPS!!!
• Leader should inspire the Team
• Rely/ Bank on professionals
• Innovation breeds success