Niveshak November 2013 Issue with Page Flip version
Saturday, November 30, 2013 , Posted by Team Niveshak at Saturday, November 30, 2013
Dear Niveshaks,The month of November started with Diwali celebrations that were added on to by the successful launch of Mars Orbiter Mission (Mangalyaan), an approximately $69 million project, on its 300 days journey to the orbit of Mars giving India an edge in the burgeoning space race among the top Asian powers.
The month also saw the launch of Nexus 5
and iPhone 5S in the Indian markets and for the first time saw Indian customers
lined up outside the stores to buy these phones that were traditionally
considered to be part of premium segments and did not genÂerate such responses
in markets like India. The selling out of the stocks in such less time
reiterated the increasing buying power of the Indian consumers and further
increasing the attractiveness of the Indian markets. The speed at which the
Sensex touched its highest ever mark of 21294, riding on the $3.5 billion
foreign inflow due to unexpected delay in tapering, was only a short-lived
victory and we soon saw the Sensex reaching for lower levels, further contributing
to the oscillatÂing value of Rupee against the Dollar. Irrespective of all, the
biggest news of the month was the retirement of the Master-Blaster Sachin on
the16th of November, indicating the end of an era in cricketing. He was given a
sumptuous farewell on the grounds of Wankhede stadium, amidst a loud and
cheering crowd who had come to witness the God of cricket displaying his bat’s
mettle for the last time. On the international front, Twitter’s $25 billion IPO
generated mixed reviews among its critiques and supporters.
In the current highly volatile times, the
dominating position of the dollar as the world’s reserve currency is being
questioned. Our Article of the Month ‘Decline of the Dollar Kingdom?’ analyzes
the power of US dollar as the world currency and the factors that make us doubt
its current position. The Cover Story ‘Building bonds of success’ analyzes, in
depth, the current role of debt markets in the fluctuÂating economy of the
country and what can be done to enhance their performance. Since the new
governor of RBI, Mr. Raghuram Rajan joined his offices, he brought about a slew
of changes, FCNR being among the first of them. The FinGyaan secÂtion
conceptually explains FCNR and how it affects, not just the foreign invesÂtors
but also the economy of the country. FinSight article ‘QE- Should countries
embrace during crisis’ critically analyzes the impacts of Quantitative easing
on a country’s and the world’s economy. NBFCs frequently feature in the news
and our Classroom section elucidates the nitty-gritties of this industry.
This issue sees the launch of a new
section ‘FinPact’ that will analyze various M&A deals and IPOs from in the
corporate world that leave a major impact on the inÂdustry. The section will
replace the ‘Finistory’ that took you on the journey of last century and deeply
analyzed major events that shaped the financial world as we see it today. The
very first article of ’FinPact’ probes the impact of a major M&A deal, the
‘Acquisition of Ranbaxy by Daiichi Sanyko’ where Daiichi-Sanyko acÂquired a
63.92% stake for a value of $4.6 billion in Ranbaxy.
To end this brief note,
it’s important that we thank you, our readers, for your constant support and
appreciation. It is your endless encouragement and enÂthusiasm that keeps us
going. Kindly keep pouring in your suggestions and feedback to
niveshak.iims@gmail.com and as always,
Team Niveshak.
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