Niveshak July 2014 Issue with Page Flip version

Friday, August 1, 2014 , Posted by Team Niveshak at Friday, August 01, 2014

Dear Niveshaks,

The month of July 2014 saw a lot of company declaring Q1 2014 results starting with Infosys. A lot of them beat the market expectations and the stock market indices had a roller coaster ride. The Nifty ended July series F&O at 7721.30, down 70.10 points. The Sensex fell 192.45 points or 0.7 percent at 25894.97. Banks were hurt most in the last trading day of July 2014. 

A major initiative during the month was the New Development Bank (NDB). The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is multilateral development bank operated by the BRICS states (BrazilRussiaIndiaChina and South Africa) as an alternative to the existing World Bank and International Monetary Fund. The Bank is setup to foster greater financial and development cooperation among the five emerging markets. It will be headquartered in Shanghai, China. Unlike the World Bank, which assigns votes based on capital share, in the New Development Bank each participant country will be assigned one vote, and no countries will have veto power

The cover story of this issue delves deep into the growing role of the BRICS to help these economies recover fast from the global financial crisis. On the international front, we had the news of Alibaba IPO, which is the biggest name on the 2014 IPO market, because it will easily raise the most money of any initial public offering this year. The Article of the Month (AOM) discusses about the India’s next Alibaba, i.e. Flipkart. It has been doing well by peaking at the right time and the recent acquisition of Myntra is a live example. The major question that is haunting the company is profitability. Once the company gets its internal controls right and is able diversify into related products and platforms, there is no reason why the company cannot be profitable. There are huge expectations related to the growth of the company and the company cannot falter in this process.

FinSight discusses the impact of SEBI’s measures to boost the primary market in India. SEBI has proposed compulsory 25% public shareholding for all listed public sector undertakings (PSUs) within three years and unveiled new norms for research analysts, employee stock option schemes as well as reforms to boost the primary market. FinGyaan article on GAAR (General Anti Avoidance Rules) talks about the nuances of the same from an Indian perspective. FinView has the excerpts from Mr. Neeraj Sehrawat, Assistant Professor, University of Delhi, who gives his views on the Union Budget and GST. Classroom section shares knowledge on stock splits. We would like to thank our readers for their immense support and encouragement. You remain our prime motivation factor that keeps our spirits high and give us the vigor and vitality to keep working hard. 

Thank you.

Stay invested!

Team Niveshak
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