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 gen­erate 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 oscillat­ing 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 fluctu­ating 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 sec­tion conceptually explains FCNR and how it affects, not just the foreign inves­tors 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 in­dustry. 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 ac­quired 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 en­thusiasm that keeps us going. Kindly keep pouring in your suggestions and feedback to niveshak.iims@gmail.com and as always,


Stay Invested!! 


Team Niveshak.
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