Niveshak October 2014 Issue with Page Flip version

Saturday, November 1, 2014 , Posted by Team Niveshak at Saturday, November 01, 2014

Dear Niveshaks,

The month of October 2014 has seen many events taking place in India and around the world in politics as well as in the corporate sector. Assembly elections in Maharas­tra and Haryana have seen BJP gaining majority.
Modi Factor has definitely passed the litmus test in both the states by gaining controlling majority of seats in both the states. Second quarter results have been trickling in and although the results are satisfactory, the long-term sustained economic growth still remains elusive. Amid tepid demand, the sales remained sluggish and operating profit growth slowed down. Infosys Ltd was the only software services company among the top three to beat the street estimates. In the Automotive space, Hero Motocorp Ltd posted 58.6% jump in Q2 profits beating the street estimates.
E-commerce space has seen mega offers running across the month with Flipkart an­nouncing Big Billion Day and Amazon running a Diwali Discount week. The founder chairman of DLF and five other senior officials of DLF were banned from accessing the capital markets for three years for not disclosing some details about three of its 357 associate companies during the 2007 IPO of the company. On account of this ban, the shares of DLF have plunged to record low. Later, the company applied for interim relief from the securities regulator. The corporates affairs ministry ordered for the merger of crisis-hit NSEL with the parent firm FTIL to help the affected investors to get their due. This is the first time in the history that the ministry has invoked a clause in the Companies Act for a forced merged in the private sector due to public interest.
Lately, Modi has inaugurated recently refurbished Sir Harkisondas Nurrotamdas Reliance Foundation Hospital in South Mumbai and encouraged manufacturing of advanced healthcare equipment. Dilma Rousseff was re-elected the president of Brazil with a very slight margin of 3%. Immediately after the result, the real depreciated by 2.3% and the Ibovespa benchmark stock index plunged by 3.7%.
On the magazine front, the cover story deals with the global economic scenario. It essentially deals with the trade and stock market scenario prevailing globally. The Article of the Month (AOM) deals with current account deficit and how royalty pay­ments to the foreign parents of the Indian subsidiaries. It highlights how the policies of the government are affecting FDIs and FDOs (Foreign Direct Outflows). FinSight highlights the things done differently by the new RBI Governor. FinGyaan discusses about the recent sharp drop in the global Brent crude prices. Finpact analyses the RIL & RPL merger in detail. Finview has excerpts from the discussion with Mr. Ashvini Bakshi, VP, Credit Suisse. The discussion was mainly around risk management and M&A scenario globally.
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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