One of the sellers on eBay, who plans to source the handsets from Aus- tralia and Singapore, said he has already received more than 20 bookings with the full amount paid by Wednesday evening. His listing had got more than 600 hits, he said. Australia and Singapore are part of the global launch. Apple has enlarged the screen, made the edges more rounded and slimmed down the iPhone as it seeks to fight for the high- er end of the smartphone market with bitter rival Sam- sung, with which it has tan- gled in court over alleged pat- ent infringements. ManiaUnstoppable12 Writankar.Mukherjee @timesgroup.com Kolkata: The new iPhone seems to have re-ignited the lust for posses- sion that used to be sparked off by some of Steve Jobss more dramatic unveilings. A day after Tim Cook took the wrappings off the iPhone 6 and the 6 Plus, the Indian grey mar- ket went a little crazy. People were willing to pay . `1 lakh and more for the privilege of getting the phone soon after its launched in the US and elsewhere on September 19 and before it officially reaches India, on October 17. On eBay India, a sealed and factory unlocked 16GB iPhone 6 was going for . `1 lakh, while a 16 GB iPhone 6 Plus was being offered . `1.1 lakh. The devices will be shipped to India from September 21. Another seller on eBay India listed a network-locked 16GB iPhone 6, which will be un- locked before sale, at . `75,000. PEOPLE BID . `1 LAKH FOR PHONE Satish John & Ashutosh R Shyam Mumbai: Flashback to 1998, and the Kargil war. The military is forced to abort missions due to heavy casu- alties. Then it decides to deploy the controversial Bofors gun to destroy Pakistani outposts from various van- tage points. The strategy pays off, but the military realises it will soon run out of ammunition to feed the howitz- ers. At the urging of army command- ers, the defence ministry turns to Ba- ba Kalyani and his company Bharat Forge to make shells for the 155mm howitzers. Kalyani, chairman of the Bharat Forge Group, recalls how the compa- ny got the emergency order to make 1 lakh shells. Thats how the compa- nys ability to turn out high-quality products at short notice, which helped burnish its global reputation in the auto parts industry, came to play a role in history. More than a decade since then, the group led by flagship Bharat Forge is ready with artillery equipment that the Indian defence forces will soon start testing. This puts it nicely in place to take advantage of the Na- rendra Modi governments initiative to encourage greater private partici- pation in the defence sector. A lot of emphasis on local manu- facturing of defence products has been put by the current government. Thus, companies like us, whove tak- en defence seriously, are now produc- tion-ready, Kalyani told ETin an ex- clusive interview. The government has also opened up the sector to more overseas investments to persuade for- eign companies to transfer tech- nology to Indian firms. Army will SoonTest Cos Artillery3 When at War, Bharat Forges Ahead to Victory The ability to turn out high-quality products at short notice helped auto-parts major become part of history Baba Kalyanis Defence Strategy Bharat Forge scouting for a European or North American partner to make small arms 155mm 155mm artillery gun to tested by December ultra light artillery gun to be tested by next year ULTRALIGHT GUNTOBE TESTEDBYNEXT Conversionof 133mmguns to155mm Co eyeing plans to make ammunition for the guns once govt allows private sector entry Malaysian infrastruc- ture conglomerate YTL Corporation Berhad is in talks with Hyd- erabad-based NSL Group to buy up to 49% stake in its thermal power business, a per- son with direct knowl- edge of the devel- opment said. YTL, which reported $6.1b revenue for the year ended June 2014, has power assets across Malaysia, the UK, Singapore, Australia and Indonesia. 8 YTL may Buy 49% in NSL Power Krithika.Krishnamurthy @timesgroup.com San Francisco (United States): Sili- con Valleys top accelerator Y Combi- nator (YC) is considering bringing its much sought-after Startup School, where prospective entrepreneurs can get practical advice from successful founders and investors, to India. Startup School is a free, one-day event where speakers like Facebook founder Mark Zuckerberg, actor Ashton Kutch- er, Amazons Jeff Bezos and VC inves- tor Marc Andreessen, among others, have shared the podium. This year, for the first time, Startup School ventured outside the Silicon Valley with events in New York and London and is expect- ed to debut in China next year. YCInvestedin700Cos12 Local Startups will Get Global Lessons Shortly YCombinators Startup School may come to India soon UPBEAT In his first interview to a paper after becoming BJP boss, Amit Shah says corporates are happy & bureaucrats are active as they feel protected. Party is sure of win in state polls, he says SP Fanning Communal Tension; Rajnath not Marginalised: Shah BANGALORE | 18 PAGES | .`3.50 ONLY THURSDAY, 11 SEPTEMBER 2014 HNIs Rush in to Join Indian IPO Party Cheap MARKETS + FINANCE 9 Ten Transfer Debutants to Watch Out for in EPL SPORTS 18 Manufacturing: Put Local Market Before Exports WORLD VIEW 15 BENNETT, COLEMAN & CO. LTD. THE ECONOMIC TIMES WWW.ECONOMICTIMES.COM Rohini.Singh@timesgroup.com New Delhi: In an exhaustive and detailed interview to ET his first major media interac- tion since his appointment as BJP president Amit Shah squarely blamed Samajwadi Party for rising communal ten- sion in Uttar Pradesh. And he dismissed all talk on marginali- sation of home minister and ex- BJP chief Rajnath Singh, add- ing that rumours about Singhs family were not the handiwork of anyone in BJP. On the so-called love jihad, the headline-grabbing name for in- ter-community marriages that are allegedly a ruse for conver- sion, Shah said this was more a media creation and that BJP had no big plans to take it up as a cam- paign issue. But he added that he sees noth- ing wrong in BJP responding to a grave social problem in gen- uine cases. Shah, who led BJP to a stagger- ing 71-seat Lok Sabha perform- ance in 80-seat UP and who was on Wednesday chargesheeted by the state police in Muzaffarabad for an April 4 campaign speech, said if polarisation was a BJP strategy, every state in the electo- ral calendar would have seen a rise in the communal temper- ature. But since only UP is facing this problem, the BJP chief ar- gued, it was SPs one-sided vote bank politics thats responsible. There is no communal ten- sion anywhere except in UP. BJP is everywhere, but SP is only in UP. That only means that SPs one-sided vote bank consolida- tion politics is responsible for increase in communal tension, Shah said. Theres no tension even in Jammu & Kashmira (poll- bound) sensitive state, he said. Shah was emphatic in dismis- sing any possibility that Home Minister Rajnath Singh was dis- empowered in any way. My Focus is Clear HRD Minister Smriti Irani says she is re- signed to the idea that she will continue to attract controversies because of her star- dom. But she tells Ritika Chopra that she is determined to fulfil the promises made in the BJP manifesto on education.4 Q&A EXCLUSIVE SMRITI IRANI MINISTER FOR HUMAN RESOURCE DEVELOPMENT ON LOVE JIHAD Love Jihad is a media creation, not our term. Its a grave social problem. Where injustice is done to a woman, then its natural that BJP will fight ON RAJNATH SINGH How can the countrys home minister be marginalised? Rajnath Singh is taking all the decisions in his department Tata Honcho Does the Math to Calculate CSR per Executive Ajoint task force, led by the Tata groups chief ethics officer Mukund Rajan, has proposed a for- mula to put a monetary value to the time devot- ed by corporate executives for social causes. Companies8 Inside story Akshay.Deshmane @timesgroup.com New Delhi: Madhya Pradesh will soon amend its labour and land acqui- sition laws to make them more inves- tor friendly, becoming the second BJP- ruled state after Rajasthan that plans to do so. We will relax and tweak some la- bour and land acquisition laws to prepare a more conducive atmo- sphere for investors in the state. While the Union government has al- ready acknowledged our labour laws to be the best in the country, we would like to make them more appealing to investors, said Yashodhara Raje Scindia, states industries minister. These changes are likely to be an- nounced at the states high profile Global Investment Summit, which is scheduled to be held in Indore next month. Scindia added that MP will al- so announce a policy for promoting de- fence manufacturing, a first for any state, at the event. In early June, the Rajasthan state cabinet cleared 20 amendments to four labour laws in or- der to make it easy to hire and fire workers, close and open industries, among other things. Chief Minister Shivraj Singh Chou- han was guarded in his comments. We wish to promote entrepreneur- ship in the state, and to this end, schemes for small and medium enter- prises have been promoted extensive- ly, he said. After Rajasthan, MP to Roll out Red Carpet for Investors Shivraj Singhs state to soon amend labour and land acquisition laws to make them more investor friendly FULL INTERVIEW PAGE 2 Hindi as its first language. Android One will come bun- dled with local language sup- port and users will not have to download any external appli- cation to access their smart- phone in Hindi, a person with knowledge of the develop- ment told ET. APPLES RELEASES & LOCAL EQUATIONS7 Google has been con- stantly working on de- veloping more salience around Indic computing and providing regional language support SPOKESMAN for Google Varun.Aggarwal @timesgroup.com Bangalore:When Google launches its low-cost An- droid One devices next Mon- day, Indian users will be able to give voice commands, type messages and use almost all major mobile applications in Hindi. This is because the California, US-based inter- net giant is hoping that the de- vices, which have been tailor- made for emerging markets, will help it capture the non- English speaking user base in the country. Over 40% of the population in India lists Google has been constantly working on developing more salience around Indic com- puting, providing regional language support to users for its various products and ser- vices, a Google spokesman said in an email. Internet users in India could increase by nearly a fourth if local language con- tent is provided, according to a 2014 report from Internet and Mobile Association of In- dia and IMRB International. Google Creating More Hindi Content12 BPOs Move Up Value Chain7 Android One to Speak in Hindi Googles moves aimed at garnering more Hindi-speaking users WE HAVE THE MANDATE TO FORMDELHI GOVT, SAYS AMIT SHAH3 YC Numbers >$30billion Total market cap of all YC companies >$3billion Total money raised by all YC companies 3 Number of YC com- panies worth more than $1 billion >20 Number of YC com- panies worth more than $100 million SOURCE: Y COMBINATOR BLOG 716 Number of companies funded by YC so far Acceptance rate of the current batch <3%