RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1

RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1

These Solutions are part of RD Sharma Class 10 Solutions. Here we have given RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1

Other Exercises

Question 1.
If a and b are two odd positive integers such that a > b, then prove that one of the two numbers \(\frac { a+b }{ 2 }\) and \(\frac { a-b }{ 2 }\) is odd and the other is even.
Solution:
a and b are two odd numbers such that a > b
Let a = 2n + 1, then b = 2n + 3
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 1

Question 2.
Prove that the product of two consecutive positive integers is divisible by 2.
Solution:
Let n and n + 1 are two consecutive positive integer
We know that n is of the form n = 2q and n + 1 = 2q + 1
n (n + 1) = 2q (2q + 1) = 2 (2q2 + q)
Which is divisible by 2
If n = 2q + 1, then
n (n + 1) = (2q + 1) (2q + 2)
= (2q + 1) x 2(q + 1)
= 2(2q + 1)(q + 1)
Which is also divisible by 2
Hence the product of two consecutive positive integers is divisible by 2

Question 3.
Prove that the product of three consecutive positive integer is divisible by 6.
Solution:
Let n be the positive any integer Then
n(n + 1) (n + 2) = (n2 + n) (n + 2)
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 2
Which is also divisible by 6
Hence the product of three consecutive positive integers is divisible by 6

Question 4.
For any positive integer n, prove that n3 – n is divisible by 6.
Solution:
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 3
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 4
Which is divisible by 6
Hence we can similarly, prove that n2 – n is divisible by 6 for any positive integer n.
Hence proved.

Question 5.
Prove that if a positive integer is of the form 6q + 5, then it is of the form 3q + 2 for some integer q, but not conversely.
Solution:
Let n = 6q + 5, where q is a positive integer
We know that any positive integer is of the form 3k or 3k + 1 or 3k + 2, 1
q = 3k or 3k + 1 or 3k + 2
If q = 3k, then n = 6q + 5
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 5

Question 6.
Prove that the square of any positive integer of the form 5q + 1 is of the same form.
Solution:
Let a be any positive integer
Then a = 5m + 1
a2 = (5m + 1 )2 = 25m2 + 10m + 1
= 5 (5m2 + 2m) + 1
= 5q + 1 where q = 5m2 + 2m
Which is of the same form as given
Hence proved.

Question 7.
Prove that the square of any positive, integer is of the form 3m or, 3m + 1 but not of the form 3m + 2.
Solution:
Let a be any positive integer
Let it be in the form of 3m or 3m + 1
Let a = 3q, then
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 6
Hence proved.

Question 8.
Prove that the square of any positive integer is of the form 4q or 4q + 1 for some integer q.
Solution:
Let a be the positive integer and
Let a = 4m
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 7
Hence proved.

Question 9.
Prove that the square of any positive integer is of the form 5q, 5q + 1, 5q + 4 for some integer q.
Solution:
Let a be the positive integer, and
Let a = 5m, then
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 8

Question 10.
Show that the square of an odd positive integer is of the form 8q + 1, for some integer q.
Solution:
Let n is any positive odd integer
Let n = 4p + 1, then
(4p + 1)2 = 16p2 + 8p + 1
n2 = 8p (2p + 1) + 1
= 8q + 1 where q = p(2p + 1)
Hence proved.

Question 11.
Show that any positive odd integer is of the form 6q + 1 or 6q + 3 or 6q + 5, where q is some integer.
Solution:
Let n be any positive odd integer and
let n = 6q + r
=> 6q + r, b = 6, and 0 ≤ r < 6
or r = 0, 1, 2, 3, 4, 5
If n = 6q = 2 x 3q
But it is not odd
When n = 6q + 1 which is odd
When n = 6q + 2 which is not odd = 2 (3q+ 1)
When n = 6q + 3 which is odd
When n = 6q + 4 = 2 (3q + 2) which is not odd
When n = 6q + 5, which is odd
Hence 6q + 1 or 6q + 3 or 6q + 5 are odd numbers.

Question 12.
Show that the square of any positive integer cannot be of the form 6m + 2 or 6m + 5 for any integer m. [NCERT Exemplar]
Solution:
Let a be an arbitrary positive integer, then by Euclid’s division algorithm, corresponding to the positive integers a and 6, there exist non-negative integers q and r such that
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 9
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 10
Hence, the square of any positive integer cannot be of the form 6m + 2 or 6m + 5 for any integer m.

Question 13.
Show that the cube of a positive integer is of the form 6q + r, where q is an integer and r = 0, 1, 2, 3, 4, 5. [NCERT Exemplar]
Solution:
Let a be an arbitrary positive integer. Then, by Euclid’s division algorithm, corresponding to the positive integers ‘a’ and 6, there exist non-negative integers q and r such that
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 11
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 12
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 13
Hence, the cube of a positive integer of the form 6q + r, q is an integer and r = 0, 1, 2, 3, 4, 5 is also of the forms 6m, 6m + 1, 6m + 3, 6m + 3, 6m + 4 and 6m + 5 i.e., 6m + r.

Question 14.
Show that one and only one out of n, n + 4, n + 8, n + 12 and n + 16 is divisible by 5, where n is any positive integer.
[NCERT Exemplar]
Solution:
Given numbers are n, (n + 4), (n + 8), (n + 12) and (n + 16), where n is any positive integer.
Then, let n = 5q, 5q + 1, 5q + 2, 5q + 3, 5q + 4 for q ∈N [By Euclid’s algorithm]
Then, in each case if we put the different values of n in the given numbers. We definitely get one and only one of given numbers is divisible by 5.
Hence, one and only one out of n, n + 4, n + 8, n + 12 and n + 16 is divisible by 5.
Alternate Method
On dividing on n by 5, let q be the quotient and r be the remainder.
Then n = 5q + r, where 0 ≤ r < 5. n = 5q + r, where r = 0, 1, 2, 3, 4
=> n = 5q or 5q + 1 or 5q + 2 or 5q + 3 or 5q + 4
Case I: If n = 5q, then n is only divisible by 5. .
Case II: If n = 5q + 1, then n + 4 = 5q + 1 + 4 = 5q + 5 = 5(q + 1), which is only divisible by 5.
So, in this case, (n + 4) is divisible by 5.
Case III : If n = 5q + 3, then n + 2 = 5q + 3 + 12 = 5q + 15 = 5(q + 3), which is divisible by 5.
So, in this case (n + 12) is only divisible by 5.
Case IV : If n = 5q + 4, then n + 16 = 5q + 4 + 16 = 5q + 20 = 5(q + 4), which is divisible by 5.
So, in this case, (n + 16) is only divisible by 5.
Hence, one and only one out of n, n + 4, n + 8, n + 12 and n + 16 is divisible by 5, where n is any positive integer.

Question 15.
Show that the square of an odd positive integer can be of the form 6q + 1 or 6q + 3 for some integer ? [NCERT Exemplar]
Solution:
We know that any positive integer can be of the form 6m, 6m + 1, 6m + 2, 6m + 3, 6m + 4 or 6m + 5, for some integer m.
Thus, an odd positive integer can be of the form 6m + 1, 6m + 3, or 6m + 5 Thus we have:
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 14
Thus, the square of an odd positive integer can be of the form 6q + 1 or 6q + 3.

Question 16.
A positive integer is of the form 3q + 1, q being a natural number. Can you write its square in any form other than 3m + 1, 3m or 3m + 2 for some integer m? Justify your answer.
Solution:
No, by Euclid’s Lemma, b = aq + r, 0 ≤ r < a
Here, b is any positive integer
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 15

Question 17.
Show that the square of any positive integer cannot be of the form 3m + 2, where m is a natural number.
Solution:
By Euclid’s lemma, b = aq + r, 0 ≤ r ≤ a
Here, b is any positive integer,
a = 3, b = 3q + r for 0 ≤ r ≤ 2
So, any positive integer is of the form 3k, 3k + 1 or 3k + 2
RD Sharma Class 10 Solutions Chapter 1 Real Numbers Ex 1.1 16
Which is in the form of 3m + 1. Hence, square of any positive number cannot be of the form 3m + 2.

 

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CA Foundation Business & Commercial Knowledge Study Material – Foreign Direct Investment (FDI)

CA Foundation Business & Commercial Knowledge Study Material Chapter 4 Government Policies for Business – Foreign Direct Investment (FDI)

FOREIGN DIRECT INVESTMENT (FDI)

Meaning of FDI

Foreign Direct Investment means investment in a foreign country where the investor claims con¬trol over the investment in terms of actual power of management and effective decision-making. Foreign direct investment typically occurs in the form of setting up a subsidiary, starting a joint venture or acquiring a stake in an existing firm in a foreign country According to the Committee on Compilation of FDI in India (Oct 2002). FDI is “the process whereby residents of one country (the home country) acquire ownership of assets for the purpose of controlling the production, distribution and other activities of a firm in another country (the host country). There are three main categories of FDI-equity capital, reinvested earnings, and lending of funds by a multinational to its affiliate.

When the investor makes only investment and does not retain control over the enterprise it is known as portfolio investment. The investor is interested only in return on his capital and does not want control over the use of the invested capital. Portfolio investment is for a short period and is influenced by short-term gains. On the other hand, foreign direct investment involves long-term commitment and cannot be easily liquidated. Therefore, long-term considerations like political stability, Government policy, industrial prospects, etc. influence it. Direct investors have direct responsibility for the promotion and management of the enterprise. But portfolio investors have no direct responsibility for promotion and management of the enterprise. Portfolio investment takes place through foreign institutional investors (FIIs) like mutual funds and through American Depository Receipts (ADRs) Global Depository Receipts (GDRs) and Foreign Currency Convertible Bonds (FCCBs). ADRs, GDRs and FCCBs are securities issued by Indian companies in the foreign markets to mobilise foreign capital.

Advantages of Foreign Direct Investment

Foreign direct investment offers the following benefits:

  • FDI increases the level of investment by supplementing domestic capital. The host country gets scarce capital resources from abroad. As a result, FDI contributes towards the development of infrastructure, industry and service sector in the host country. FDI helps to enhance business activity and raise the level of economic development.
  • FDI facilitates transfer of technology, machinery and equipment to the host country. Advanced foreign technology helps to reduce costs and improve quality of products and services. Local firms get the opportunity for technology upgradation.
  • FDI can create a managerial revolution in the host country through professional man-agement and employment of sophisticated techniques of organisation and management. Local firms get access to world class management and corporate practices.
  • FDI helps to boost employment and incomes in the host country through establish¬ment of new industries and development of ancillary industries. Higher production and income in turn increase the tax revenue of the Government. Material and human resources can be utilised optimally.
  • FDI can help the host country to increase its exports and reduce imports These add to the foreign exchange resources of the country and improve its balance of payments position. In fact, the Government of India announced economic liberalisation in July, 1991 due to foreign exchange crisis.
  • FDI may help to increase competition and break domestic monopolies in the host
    country. It can overcome trade barriers like tariffs and quotas. FDI can make Indian industries globally competitive.
  • FDI offers benefits to the home country also. There is inflow of foreign currency in the form of dividend and interest. Exports of technology machinery and equipment help to enhance industrial activity and employment in the home country.
  • There is greater choice of products by consumers. Their standard of living is likely to improve due to better quality and wider choice.

Disadvantages of Foreign Direct Investment

Foreign direct investment has been criticised for the following reasons:

  • FDI tends to flow in the areas of high profits rather than in the priority sectors of the host country.
  • Considerable funds are repatriated from the host country in the form of royalty, fees, dividend, interest, etc. on FDI. Such outflows put pressure on the host country’s balance of payments. The cost of FDI is high.
  • FDI takes place mainly through multinational corporations. These corporations are large in size and have a wide resource base. They pose a threat to the domestic firms in the host country.
  • The technology brought in by the foreign investors may not be appropriate to the market size, resource base, stage of economic development and consumption needs of the host country. Excessive reliance on foreign technology may have an adverse effect on local initiative.
  • FDI poses a threat to the economic autonomy and political sovereignty of the host country. Some of the multinational corporations have destabilised governments in African countries. Excessive reliance on foreign technology may have an adverse effect on local initiative.
  • FDI can lead to adverse effects on domestic savings, and adverse terms of trade for the host country which offers special concessions to attract FDI, Some foreign investors pre-empt investment plans of domestic companies. They engage in unfair and unethical trade practices.
  • FDI may involve costs and risks for the home country. Employment opportunities may shrink and balance of payment position may suffer due to FDI.

Determinants of Foreign Direct Investment

The volume of FDI in a country depends on the following factors:

  1. Natural Resources – Availability of natural resources in the host country is a major determinant of FDI. Most foreign investors seek an adequate, reliable and economical source of minerals and other materials. FDI tends to flow in countries which are rich in resources but lack capital, technical skills and infrastructure required for the exploitation of natural resources. Though their relative importance has declined, the availability of natural resources still continues to be an important determinant of FDI.
  2. National Markets – The market size of a host country in absolute terms as well as in relation to the size and income of its population and market growth is another major determinant of FDI. Large markets can accommodate more firms and can help firms to achieve economies of large scale operations. Market access has been the main motive for investment by American companies in Europe and Asia.
  3. Availability of Cheap Labour – The availability of low cost unskilled labour has been a major cause of FDI in countries like China and India, Low cost labour together with availability of cheap raw materials enable foreign investors to minimise costs of production and thereby increase profits.
  4. Rate of Interest – Differences in the rate of interest prevailing in different countries stimulate foreign investment. Capital tends to move from a country with a low rate of interest to a country where it is higher. Foreign investment is also inspired by foreign exchange rates. Foreign capital is attracted to countries where the return on investment is higher.
  5. Socio-Economic Conditions – Size of the population, infrastructural facilities and income level of a country influence direct foreign investment.
  6. Political Situation – Political stability, legal framework, judicial system, relations with other countries and other political factors influence movements of capital from one country to another.
  7. Government Policies – Policy towards foreign investment, foreign collaborations, foreign exchange control, remittances, and incentives (monetary, fiscal and others) offered to foreign investors exercise a significant influence on FDI in a country. For example, Export Processing Zones have been developed in India to attract FDI and to boost exports.

CA Foundation Business & Commercial Knowledge Study Material – Meaning of Privatization

CA Foundation Business & Commercial Knowledge Study Material Chapter 4 Government Policies for Business – Meaning of Privatization

Meaning of Privatization

Privatization means the transfer of ownership and/or management of an enterprise from the public sector to the private sector. It refers to the introduction of private control and ownership in public sector undertakings. According to the World Bank, “privatization is the transfer of State owned enterprises to the private sector by sale (full or partial) of going concerns or by sale of assets following their liquidation.” In the words of Barbara Lee and John Nellis “Privatization is the general process of involving the private sector in the ownership or operation of a State owned enterprise,”

There are several forms or methods of privatization such as:

  • Denationalization of a public enterprise by its complete sale to the private sector. For example, BALCO. was sold to Sterlite Industries.
  • Divestiture, i.e., the sale of equity in full or part of a public sector undertaking to private sector.
  • Transfer of management of a public sector enterprise to private sector through a management contract.
  • Joint venture, i.e., joint ownership of an enterprise by Government and private sector.
  • Leasing, Le., transferring the use of assets of a public sector unit to private bidders for a specified period.
  • Franchising of public sector services to designated private sector units.

Trends And Issues – Privatization In India

The process of privatization began in India mainly after the Industrial Policy of July 1991. Under this policy the number of industries reserved for the public sector was reduced from 17 to 2 – Railways and Atomic Energy. Shares of several public sector enterprises have been sold to mutual funds, workers and the public.

Impact of Privatization on Indian Economy

The main reason for privatization in India has been the poor performance of public sector units which results in wastage of national resources and burden on common man.

POSITIVE AND NEGATIVE EFFECTS OF PRIVATIZATION

Positive Effects

  • Expansion of market
  • Growth of independent money market
  • Free flow of resources
  • Advancements in technology
  • Equilibrium in balance of payments
  • Development of infrastructure
  • Higher living standards
  • International cooperation

Negative Effects

  • Cut-throat competition
  • Rise in monopoly
  • Increase in inequalities
  • Takeover of domestic firms
  • Removal of protection to domestic firms
  • Affect on national sovereignty

 

CA Foundation Business & Commercial Knowledge Study Material – Meaning of Liberalization

CA Foundation Business & Commercial Knowledge Study Material Chapter 4 Government Policies for Business – Meaning of Liberalization

India faced foreign exchange crises in 1990. Government of India adopted the policy of Liberalization, Privatization and Globalization (LPG) to overcome the crisis. Government controls on business and industry have since then been dismantled gradually. The process further gained momentum in 2014. Since then rules and regulations have been simplified to increase the ease of doing business. Goods and Services Tax (GST) is the latest step in this process.

Meaning of Liberalization

Liberalization of an economy means removing or relaxing Government controls and restrictions on economic activities. It is the process of liberating the economy from unnecessary controls and restrictions on trade, industry, banking system, etc. of the country. It involves abolition of those policies, rules and regulations which impede economic development.

Liberalization in India – Trends and Issues

The process of economic liberalization in India began primarily in 1991. The economic reforms are being implemented in two stages, namely (i) First Generation Reforms, and (ii) Second Generation Reforms. The main trends of liberalization in India are as follows:

1. Infrastructural Reforms:

  • Opening up of oil exploration and petroleum to foreign investment.
  • Power sector reforms.
  • Private sector participation in infrastructure development.
  • Decontrol of steel.
  • Telecom sector reforms.

2. Industrial Reforms:

  • Delicensing of industry.
  • Public sector undertakings allowed access to capital market.
  • Simplification of licensing procedures.

3. Fiscal Reforms:

  • Reduction in customs duty.
  • Five year tax holiday to enterprises in specified sectors.
  • Downsizing of some departments.
  • Reduction in personal and corporate taxes.
  • Simplified tax administration.
  • Introduction of Value Added Tax (VAT).

4. Capital and Money Market Reforms:

  • Clearing Corporation of India set up.
  • Introduction of Negotiated Dealing System.
  • Floating rate Government bonds re-introduced.
  • Trading in index options, and stock futures introduced.

5. External Sector Reforms:

  • Removal of import restrictions.
  • Liberalised Exchange Rate Management System (LERMS)
  • Liberalisation of NRI remittances.
  • Encouraging foreign tie-ups.
  • Automatic approval of foreign investment and foreign technology agreements to specified extent.

6. Banking Sector Reforms:

  • Reduction in CRR and SLR.
  • Introduction of capital adequacy norms.
  • Setting up of Debt Recovery Tribunals.
  • Issue of guidelines for entry to new private banks.
  • Setting up of IRDA.

Impact of Liberalization of Indian Economy

Liberalization has considerably expanded the scope of private sector in India. Private enterprises can now enter most of the industries. The competitive strength and industrial efficiency have improved. Business opportunities have increased and many Indian companies have established subsidiaries and joint ventures abroad. Liberalisation has also boosted foreign investment in India. Thus, liberalisation has led to radical changes in India’s business environment.

POSITIVE AND NEGATIVE EFFECTS OF LIBERALIZATION IN INDIA

Positive Effects

  • Increase in foreign investment
  • Decline in external debt
  • Rise in foreign exchange reserves
  • Increase in tax receipts
  • Increase in production
  • Technological advancement

Negative Effects

  • Decline in small scale sector
  • Increase in unemployment
  • Decrease in GDP rate

CA Foundation Business & Commercial Knowledge Study Material – An overview of Selected Global Companies

CA Foundation Business & Commercial Knowledge Study Material Chapter 3 Business Organizations – An overview of Selected Global Companies

1. AMERICAN EXPRESS

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  • Year of Incorporation : 1850
  • Head office : New York, USA
  • Chairman and CEO : Kenneth I. Chenault
  • Website : www.americanexpress.com

History : American express was founded in 1850 as an express mail business.
Philosophy : Vision : To be a leading provider of payment solutions worldwide.
Mission : To leverage our local and global expertise to be a leading provider of payment solutions by delivering high quality, innovative and world class products and services, while maintaining the highest standards of governance and ethics.
Business portfolio : American Express operates in both card and non-card segments.
Operations : American Express has 2300 offices in 175 countries across the world. It has several subsidiaries and employs over 56000 people. Its revenue in 2015-16 was US $ 32.119 billion. American Express set up its first office in India in 1921 at Kolkata. Since then it has become the leading banking and travel related services. It is considered a pioneer in’off-shoring processes to captive centres in India.
Developments : In 2016, American Express was ranked the 25th most valuable brand in the World. In 2017 it was ranked as the 17th most admired company worldwide.

2. APPLE

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  • Year of Incorporation : 1976
  • Head office : California, USA
  • Chief Executive : Tim Cook
  • Website : www.apple.com

History: Steve Jobs, Steve Wozniak and Ronald Wayne founded Apple Computer Inc. in January 1977 to develop and sell personal computers. In January 2007 it was renamed as Apple Inc. to reflect its shifted focus towards consumer electronics.
Philosophy: Vision: To produce high quality, low cost, easy to use products that incorporate high technology for the individuals.
Mission: To bring the best personal computing experience to students, educators, creative professionals and consumers around the world through innovative hardware, software and internet offerings.
Business portfolio: Apple operates in Mac, iPad, iPhone, Watch, TV and Music segments. It operates the online Apple Store. Its iTunes store is the world’s largest online music retailer.
Operations: Apple is the world’s largest information technology multinational. It is the world’s second largest mobile phone manufacturer. It maintains 478 retail stores in 17 countries. It has more than 120,000 employees and its revenue in 2015-16 was US $ 215.369 billion.
Developments: In August 2014 Apple acquired Beats Electronics. It was ranked 8th among Forbes World’s Biggest Public Companies in 2016. It ranked 9th in Fortune 500 Global Companies same year.

3. HP

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  • Year of Incorporation : 1939
  • Head office : California, USA
  • Chairman : Dion Weisler
  • Chief Executive : Dion Weisler
  • Website : www.hp.com

History: William Redington Hewlett and David Packard founded HP in 1939 in a car garage in Palo Alto to produce electronic test equipment.
Philosophy: To create technology that makes life better for everyone, every where every person, every organization and every community around the globe.
Business portfolio: Major product lines of HP include personal computing devices, enterprise and industry services, related storage devices, networking products. Software, Printers imaging products. It sells to households as well as to-organizations.
Operations: HP is a global information technology company. It develops and sells a wide variety of hardware, software and related products.
Developments: In 2015 HP split its PC and printers business from enterprise products and services business. It resulted into two companies. HP Inc. and Hewlett Packard Enterprise.

4. IBM CORPORATION

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  • Year of Incorporation : 1911
  • Head office : New York, USA
  • Chairman : Ginni Rometty
  • Chief Executive : Ginni Rometty
  • Website : www.ibm.com

History: On June 16, 1911 four Companies were amalgamated to form the Computing Tabulating Recording Company. It was renamed International Business Machines in 1924. Later on the name was changed as IBM corporation.
Philosophy: Vision: To be the first and foremost on any new enterprise data centre migration short-list.
Mission: To be the leader in innovation, development and manufacture of the industry’s most advanced information technologies, including computer systems, software storage systems and micro-electronics.
Business portfolio: IBM operates in both products (analytics, cloud, commerce, Internet of things, security mobile, security, industry solutions, etc.,) and services business consulting, technology, financing, training etc.,/segments.
Operations: IBM is a global technology company with operations in more than 170 countries. It is a major research organization holding the record for most patents. It has more than 380000 employees and its revenue in 2015-16 was US $ 79.20 billion. It has a subsidiary IBM India Pvt. Ltd. in India since 1992.
Development: IBM acquired Lombard in 2009, Sanovi Technology in 2016 and Agile 3 Solutions and Ravy Technologies in 2017. It is ranked 82nd in Fortune 500 global companies.

5. MICROSOFT CORPORATION

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  • Year of Incorporation : 1911
  • Head office : Washington, USA
  • Chairman : John Thompson
  • Chief Executive : Satya Nadella
  • Website : www.microsoft.com

History: Paul Allen and Bill Gates founded Microsoft on April 4,1975. It entered OS business in 1980. It rose to dominate the personal computing with MS-DOS. Since 1990 it has diversified.
Philosophy: Vision: To help individuals and businesses realize their full potential.
Mission: To be a global organization by providing products/services of value for the target market.
Business portfolio: Software and services, devices and Xbox, business developers and IT, for students and educations are the major segments for which Microsoft has products.
Operations: Microsoft is a multinational technology company. It is best known for its software products like Windows, Office, Internet Explorers and Edge Web browsers. It is the largest software maker in the world. It has more than 115000 employees and its revenue in 2015-16 was US $ 85.32 billion. Microsoft Corporation of India was set up 1990. It has six major business units.
Developments: Microsoft acquired Skype Technologies in 2011, mobile hardware division of Nokia in 2014 and Linked in 2016.

6. NESTLE

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  • Year of Incorporation : 1866
  • Head office : Vevey, Switzerland
  • Chairman : Peter Brabeck Letmathe
  • Chief Executive : Mark Schneider
  • Website : www.nestle.com

History: Henri Nestle founded Angloswiss Condensed Milk Company in 1866. In 1879, it merged with milk chocolate inventor Daniel Peter. In 1905 the company was renamed Nestle. It entered India in 1923.
Philosophy: To provide consumers with the best tasting, most nutritious choices in a wide range of food and beverage categories and eating occasions from morning to night.
Business portfolio: Nestle has popular brands in bottled water, cereals, health, skincare, pet care, coffee, etc.
Operations: Nestle is a global food and drink company. It is the world’s largest food, nutrition, health and wellness company. It has 2000 plus brands across the globe. It operates 418 plants in 86 countries. Its products are available in 191 countries. It employs 3,35,000 people and its revenue was 89.8 billion Swiss Frank in 2015-16.
Developments: Nestle acquired San Pellegrino, Spillers Pet Foods, Ralston Purina, Chief America, Delta Ice cream, Hsu Fachi, Vitablo and Prometheus Laboratories. It ranked 66th in Fortune 500 and 33rd in Forbes 2000 companies in 2016. It has joint ventures with General Mills, Coca Cola Company, Lactalis and Colgat Palmolive.

7. WALMART

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  • Year of Incorporation : 1962
  • Head office : Arkansas, USA
  • Chairman : Greg Penner
  • Chief Executive : Dough Mcmillion
  • Website : www.walmartstores.com

History: Sam Walton founded Walmart in 1962. It was incorporated on October 31, 1969.
Philosophy: Vision: To be the best retailer in the hearts and minds of consumers and employees.
Mission: Saving people money so that they can live better, Tagline: Save money Live better.
Business portfolio: Walmart sells a wide range of products such as groceries, foods, fruits and vegetables, personal and house care, clothing’s, office supplies and general merchandise. It is organized into four divisions.
Operations: Walmart is a multinational that operates a chain of hyper markets, discount stores, grocery stores and online stores. It is world’s largest retailer. It has 11695 stores in 28 countries. It has more than 23,00,000 employees and its revenue was $ 485.87 billion in 2015-16. Walmart India has 21 stores which sell 5000 items in 9 States. It launched B2B e-commerce platform on July 1,2014.
Developments: Walmart acquired Moose Jaw and Bonobos, and jet.com. It is number 1 company in Fortune 500 list and was ranked 15th on Forbes Global list 2000.