Niveshak, The Inside Story
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Friday, August 28, 2009
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Fintoon
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Amit The Inspiration for some of our funny characters of Fintoon
Biswadeep The Undercover Economist
Cool Hai Dude Nilesh Always Believe in Future Value of Investments!
Sareet Looks For Money Even While Playing Computer Games
Sarvesh & Tripurari Creative Creaons of Niveshak
Sujal Buffet of Team Niveshak
Fintoonist
Dilpreet S. Gandhi
Saurav K. Bagchi
Niveshak August Issue: Anniversary Special
Dear Niveshaks,
Congratulations on completing a year with us.
It was last Independence Day when Niveshak (The Investor) first saw light of the day. Now we have completed one full circle round the sun, one full year, four seasons, twelve months and most importantly we sailed through the most turbulent times of the financial world. It all began with the fall of the most formidable names in the world of finance, most notably the Wall Street Investment banks. The world watched with shock and horror as the Wall Street got completely wiped out of the species of its standalone I-Banks.
Before they fell down, they had spread their wings of destruction all over the world and across all the markets, both by geography and by sector. They pushed stock market indices to unimaginable lows across all markets starting from Nikkei & Hang Seng to Dow Jones Industrial Average & Nasdaq composite through BSE & FTSE. Commodity prices & crude oil prices hit rock bottom giving respite to the world reeling under inflation, but no one wanted it that way. International Trade suffered as suggested by the sharp dip in Baltic dry index. Bail outs after bail outs were rolled out by central banks of various countries, but the ailing financial system absorbed it all without throwing any signs of recovery. This exposed countries into further trouble of widening fiscal deficits and currency value erosions.
To fight losses, industries began to shut down, throwing millions into unemployment in the process. As unemployment rates crossed 10% in most countries, economists and analysts began drawing parallels between the Great Depression of 1929 and the Sub-Prime crisis of 2008. The already bleeding US auto industry saw its worst times when two of the iconic brands of USA, General Motors & Chrysler, ran to investors with hats in hand for survival.
From January, Indian markets started showing some signs of recovery but all the fizz was taken out when the once blue eyed boy of Indian IT industry, Mr. B Ramalinga Raju, reported of severe misappropriations in Satyam. The image of India Inc suffered heavily but recovery story was intact. All the sectors improved their performance and in the quarter ending June’09, most of the companies showed profits. India was one of the first to report green quarterly reports.
This story replicated in the west with most of worst hit countries showing profits in Q2 CY09. This was reflected by an upward movement in stock prices across all the exchanges of the world. Most of the financial giants like JP Morgan Chase, Goldman Sachs, Citibank and AIG which, a few days back, were billing overtime for survival also showed surprisingly huge profits even after paying almost all of their federal debts. This brought about much cheer to stock markets. But much before this, on 9th March 09 most of the stock market indices had started their upward journey. This may be attributed to huge bailout money and huge FII money in some countries.
This may have been the worst of all times, but all these provided us with a once in a lifetime learning opportunity. I have already emphasized in one of our earlier editorials that this is the best time to study, rather experience and understand the intricacies of finance and economics. I am very happy to note that we have not missed any significant learning opportunity. Through Niveshak, participants of all B-Schools captured the essence of all the happenings and analyzed their implications on the world of finance. During the last 8 issues, we received more than 200 articles from more than top most 30 B-Schools of India. We are extremely thankful to all our article contributors across all B-Schools and to all our subscribers who encouraged us through their appreciation mails and by increasing the count of our subscription. We are extremely thankful to Prof. Ashok K Dutta, Director, IIM Shillong, for inspiring us to take up this mission. We are thankful to Prof. S. S. Sarkar, our mentor for having inspired us during difficult times and all our faculty members whose support and encouragement made us see this day. Most of all, we thank all the participants of IIM Shillong, without whom Niveshak would not have completed a glorious year.
To grace our anniversary issue, we have an interview with Mr. C. S. Mohapatra, Director of Capital Markets, Ministry of Finance, Government of India. He talks about the present state of regulatory affairs in the Indian Capital Markets and the major reforms which are expected soon.
Our Anniversary issue is a tribute to all the major happenings that shook the world of finance over the last one year. We have attempted to capture most of the major happenings and tried to derive a lesson or two from them. We hope this would be a useful issue for you and we promise to publish more valuable issues in future. Once again, I congratulate all of you and Thank you for all your love, support and encouragement.
Stay Invested with us!
Biswadeep Parida
(Editor-Niveshak)
The Release of Niveshak Anniversary Edition
Posted by Team Niveshak
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A year being addedMembers being multipliedAll fears being subtractedAnd stake being dividedNiveshak marks its entry into an another era of Finance.August 15, 2008 when the journey started we never thought it would be like this that an year after the Anniversary edition would be unraveled by distinguished guests, Mr. Geert Linnebank , ex- Editor in Chief of the Reuters group and Mr. Prabhat Sawain, President of the Shillong Lajong football club.Mr. Linnebank , a noted figure in the world of media was the Chief Editor of the Reuters newsgroup from 2001 to 2006 and also was the chief architect in the founding of the Times Now channel in association with the Times of India group. Mr. Sawain is the president of the Shillong Lojong FC that has recently become the first football team from the North East to qualify for the I league.Niveshak , circulated in the top 50 B- schools of the country, is a symbol of the tremendous progress that IIM Shillong has made within the first year of its establishment. A completely online magazine, the Niveshak team led by Biswadeep Parida has managed to garner a huge following in this short span of time. The magazine is a completely student driven activity with everything from the designing and editing to the distribution being done in house.As cleverly put by one of our designers, Sarvesh Chowdhury, it's right to be said on behalf of Team Niveshak “Yet another first :) ”… and We guess many more to go
Niveshak Turns 1
Posted by Team Niveshak
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Saturday, August 15, 2009
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Today Niveshak stands on the threshold of a new door, of a new beginning, of a new journey; and we take time to stand and stare at the year that was and the year to come by.
As NIVESHAK completes its one year on this 15th day of August 2009, we take pleasure in expressing our gratitude towards you all.
We thank you all for the continuous support and encouragement which helped us reach this milestone. We are sure with your help we will continue to scale new heights with each passing year.
Thank You All
Team Niveshak
Niveshak To Turn 1
Posted by Team Niveshak
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Tuesday, August 4, 2009
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It is time to look back at “The Year That Was” and collate our learning from it. Pick up any of the big news that hit the world of Finance over the last year or look at the year as a whole. You can choose from one of the topics below or write on any other topic that you think affected us more.
1. The Collapse of Wall Street
2. 21000-8500-15000. what a roller coaster ride?
3. Satyam Fiasco
4. Bankruptcy of Auto Giants
5. Was 2008 worse than 1929?
6. Can the new government in USA & India bring things back on track?
7. Is the crisis bottoming out or is the worst yet to come?
Prizes will be more exciting than ever.
First Prize: Rs 2000
Second Prize: Rs 1000
