The document summarizes major events that impacted the Indian capital markets in 2011. It describes how Indian shares had one of their worst performances in decades, declining approximately 25% as various domestic and global factors contributed to a bearish market. These factors included concerns about recessions in the US and Europe, high inflation and interest rates in India, a declining rupee, and several corporate scams. Bullion significantly outperformed equities on the year. The mutual fund industry also saw muted growth despite an increase in overall assets under management.
International Journal of Business and Management Invention (IJBMI)inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
International Journal of Business and Management Invention (IJBMI)inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Global Competitive Insights (GCI) are monthly reports, which discuss the latest activities taking place in a particular sector, across the globe. The reports are published with an objective of providing all the latest and relevant information to the readers in a concise format.
The objective of GCI reports is to keep the readers abreast with the developments in the concerned sectors, while saving their time and resources in compiling all the data and extracting information of it.
In order to book your subscription, please visit www.indalytics.com
India Budget 2012-13 - Analysis by Prabhu SrinivasanPrabhu Srinivasan
Budget 2012-13 has invited more criticisms than appreciations from the various stakeholders of the country. Given the unanticipated difficult situation the global markets are currently in, and the multiple problems that the Indian economy is facing, such as weakening of Rupee against US Dollars, High cost of funds, Inflationary pressures, and High unemployment levels to name a few, the finance ministry has opted for a stringent budget to defy these problems and bring the economy back on a sustainable growth path. I would like to conclude the analysis with my view that the key lies in implementation of the plans. Having observed in the past, that implementation of various initiatives have seen multiple road-blocks stalling them abruptly, we shall try to learn from our past to ensure growth and prosperity of the world’s largest democracy!
Global Competitive Insights (GCI) are monthly reports, which discuss the latest activities taking place in a particular sector, across the globe. The reports are published with an objective of providing all the latest and relevant information to the readers in a concise format.
The objective of GCI reports is to keep the readers abreast with the developments in the concerned sectors, while saving their time and resources in compiling all the data and extracting information of it.
In order to book your subscription, please visit www.indalytics.com
India Budget 2012-13 - Analysis by Prabhu SrinivasanPrabhu Srinivasan
Budget 2012-13 has invited more criticisms than appreciations from the various stakeholders of the country. Given the unanticipated difficult situation the global markets are currently in, and the multiple problems that the Indian economy is facing, such as weakening of Rupee against US Dollars, High cost of funds, Inflationary pressures, and High unemployment levels to name a few, the finance ministry has opted for a stringent budget to defy these problems and bring the economy back on a sustainable growth path. I would like to conclude the analysis with my view that the key lies in implementation of the plans. Having observed in the past, that implementation of various initiatives have seen multiple road-blocks stalling them abruptly, we shall try to learn from our past to ensure growth and prosperity of the world’s largest democracy!
A research article that touches upon the everlasting issue of rising Non-Performing Assets ( Stressed Assets) in the Indian Banking Industry.
It explores macro economic concepts coupled with evolving legal regulations that may have just given passage to a lucrative debt market in India.
The Securities and Exchange Board of India (SEBI) has declared
Motilal Oswal Commodities Broker and India Infoline
Commodities (IICL) unfit to function as commodity brokers on
account of their alleged role in the Rs.5,600 crore settlement scam at
the National Spot Exchange Ltd (NSEL) that came out in the open
in July 2013.
This problem is a result of India's over-leveraged companies and bad loan-saddled public sector banks. As the years rolled by, the ‘Twin Balance Sheet problem’ morphed into a ‘four balance sheet challenge’. The Four Balance Sheet challenge includes the sectors infrastructure companies, banks, NBFCs and real estate companies. We delved into the solutions that can be taken to solve these balance sheet problems of intertwined sectors.
INDIAN ECONOMY: CHALLENGES AND EXPECTATIONSNeha Sharma
The Reserve Bank of India has recently released a small dose of liquidity by reducing Cash Reserve Ratio (CRR) by 0.5% for the commercial banks. Government borrowings have swallowed significant resources from the banking sector in recent months. The Liquidity with banking sector is still a major issue.
Tracing the firm global cues, bulls kick started the day northwards on D-Street. Sentiment remained upbeat as World Bank stated that Indian economy has come back on growth track and is likely to grow by 5.6% in FY15. Benchmarks climbed 0.45% to end day near intraday highs ahead of a crucial 2-day Fed meet about the wrapping up of the bond buying program and interest rate direction.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
1. Capital Market Yearbook
2011
www.finalaya.com
This document captures major events that impacted the Indian
Capital Markets during calendar year 2011.
2. Indian Capital Market 2011
Indian shares ended 2011 with one of their worst performances during the millennium. After two years of
handsome gains, major indices went down by approximately 25%. Average retail investor stayed away from
capital markets amidst wealth erosion. The dismal performance can be attributed to the following factors:
Recessionary concerns on U.S and Eurozone economies were looming
Inflation monster continued its rampant growth.
Higher Interest rates that allured investors to park their money in safe investment vehicles.
Indian Rupee continued its southbound journey and created at an all-time low.
Political standoff on key economic reforms.
Primary Market remained in doldrums.
Emergence of various gargantuan scams.
Poor performance by India Inc.
Bullions as an asset class outperformed equities. Silver hit an all-time high, crossing Rs. 75,000 a kg in April
and the yellow metal hit an all-time high in December, when it almost touched Rs. 30,000 per 10 grams.
On the expected lines, things have not been so rosy in the Mutual Fund Industry. Although overall the Avg.
AUM has increased from 6,75,376.97 Cr. in “Oct-Dec 10” to 6,87,63,911 Cr. to “Oct-Dec 11”. HDFC MF
dislodged Reliance MF from numero uno position in AUM race.
All in all, the investor carried a somber mood in 2011 with positive hopes from 2012.
The following pages will highlight the major events for each month and its impact on the capital markets.
3. January 2011
RBI tightened provisioning norms for
non-banking financial companies
(Jan 18)
As a protection measure from possible economic
downturn, RBI asked NBFC’s to set 0.25% of
performing loans to meet financial emergencies.
Following this, in order to minimize the impact of
situations of arising out of defaults of doubtful and bad
loans, NBFC’s are required to make the
aforementioned provision. The notification states
“should make a general provision at 0.25 per cent of the outstanding standard assets”.
Standard assets include loans which are good, paying interest on regular basis and chances
of default are minimal. The above step is likely to raise interest rates offered by the NBFC’s.
Estonia officially adopts the ADAG firm bought 26% stake
Euro currency (Jan 1) in ICEX (Jan 4)
With the advent of year 2011, the Euro zone
added Estonia as the 17th member. Euro will
Following the approval from commodities
replace the local currency Kroon. The move
market regulator in September, 2010,
comes during the times when some of the
Forward Markets Commission (FMC), ADAG
existing members are facing high level
group company Reliance Capital, has bought
sovereign debt crises. Lithuania and Latvia,
the 26% stake in Indian Commodity
which submitted their euro zone applications
Exchange (ICEX). The move brings down the
after Estonia and both countries, have decided
share of Indiabulls Financial Services from
to adopt it in 2014.
40% to 14%.
4. z
February 2011
India budget 2011-2012 presented
(Feb 28)
The Budget, was presented for year 2012-2013 was
presented by Finance minister Pranab Mukherjee. The
budget speech included figures for India’s GDP growth at
8.60% during year 2010-2011. As a measure of tax reform,
Direct Tax Code (DTC) is announced to come in force from
Apr’ 2012. The divestment target has been set at Rs.40,000
crores and policies on FDI are underway. The fiscal deficit
for year has been kept at 4.60%.
As a measure of curbing black money, a five-fold strategy
has been put in place. And group of ministers constituted for suggesting measures for
tackling corruption.
SBI’s associate banks to merge China overtakes Japan as
in SBI in 18 months (Feb 23) world's second-biggest
State Bank of India will continue to merge its economy (Feb 28)
associate banks itself. The information was
China took over the title from Japan, of being
passed on in response to the query by
the second largest economy of the world. With
parliamentary panel headed by former Finance
continued bandwagon in manufacturing sector
Minister Yeshwant Sinha, on government’s
of China and drop in exports sector of Japan,
stance on merging subsidiaries with SBI. Not long
China’s economy recorded its worth $5.8
ago, SBI merged State Bank of Saurashtra and
trillion against $5.4 trillion of Japan. Experts,
State Bank of Indore. The 5 banks remaining are
project that China may take over US in a
State Bank of Bikaner and Jaipur, State Bank of
decade, an economy which 3 times the current
Travancore, State Bank of Patiala, State Bank of
size of Chinese economy.
Mysore and State Bank of Hyderabad, which
supposedly will be consolidated over next 18
months.
5. z
March 2011
Indian Ltd going India Inc. (Mar 15)
Indian companies are seen on a ride on overseas
acquisitions. Lanco has finalized the acquisition of
Aussie coal mines, Griffin, for $760 million. The coal
secured from Griffin would be used as fuel to raise
Lanco’s power generation capacity by over seven-
fold to 15,000 MW by 2015. In another global thrust,
India conglomerate Essar, entered into $750m
agreement to revive Zimbabwe Iran & Steel C0.
Continuing the spree, Export-Import Bank of India extended line of credit (LOC) of $91 million
to the Ethiopian government, out of the $640 MN commitment by India for rehabilitation of
sugar industry in Ethiopia
Tsunami in Japan (Mar 11) FII moves from Indian shores
during Jan-March (Mar 31)
On March 11, 2011, the earthquake of 8.9
magnitude tremor hit the Pacific Rim and north-
east coasts of Japan. It is marked as most According to report by Morningstar, India-
powerful known earthquake ever to have hit focused offshore equity funds in Europe
Japan, and one of the five most powerful registered a net outflow of €418 million (Rs
earthquakes in the world since modern record- 2,683 crore) during the January-March 2011
keeping began in 1900. The estimated losses quarter. Morningstar is an international rating
from the earthquake stand at US$14.5 to $34.6 agency for mutual funds. During the same
billion. The Bank of Japan has pumped in 15 period, January-March period gave negative
trillion Yen (US$183 billion) to the banking returns of 5.43 per cent. FII statistics for the
system in an effort to normalize market same period show a net outflow of Rs
conditions. The World Bank estimated the 4,451.1 crore.
economic cost equal to $235bn tagging the event
as most expensive natural disaster till date.
6. z
April 2011
RBI grants relief on NPAs (Apr 23)
Releasing pressure on the banks, the RBI has said the
guideline to set aside additional funds for bad loans will
not apply on loans that turned bas after September
2010. Earlier, in October 2009 RBI following the global
banking crises RBI instructed banks to create special
buffers and set the Provisioning Coverage Ratio (PCR)
to 70%.
Direct beneficiary of the move is SBI, as it has been
struggling to maintain the ratio. The private banks already exceeded the ratio to 74% as
against the public sector banks lagging at 54%.
Rabobank got RBI nod for $22 Billion pumped into ETFs
India operations (Apr 2) in April (Apr 30)
Netherland based Rabobank gets the RBI nod
April saw buying interest getting doubled in
to start full-fledged banking operation in India.
ETFs and ETNs. According to data released
The license allows Rabobank to accept deposits
by NSE, extra $22.4 billion were added to
and provide working capital loans to companies,
the investments in the aforementioned
besides dealing in foreign exchange, domestic
instruments.51% of the net inflows has gone
fixed-income products and trade finance. The
into long US equity funds and notes, 31%
approval comes following the part stake sale of
into long international equities and 10% into
11% holding in Yes Bank by Rabobank. The
long fixed income. ETFs and ETNs now
current norms don’t allow a foreign bank with
have a total of $1.1 trillion, up 34% over last
more than 5% equity in another Indian lender to
year.
open branches in India.
7. z
May 2011
Bullion melts down (May 5)
A 5 per cent decline in silver marked its biggest three-
day loss in five years. Gold also experienced its biggest
three day loss since January despite dollar decline and
ramping up of gold reserves by Mexico. Platinum
declined 1.8 per cent to $US1819.74 an ounce, while
palladium lost more than 5 per cent to $US742.05.
India Inc raised Rs 4,781.1 cr U.S. finally Killed Osama (May 2)
in May via various means
(May 30)
In a covert operation carried out by U.S. Navy
SEALs the dreaded terrorist and the prime
India Inc. raised Rs. 4781.1 cr. in May, 2011 accused of Sept 2001 attack on WTC twin
through IPOs and rights issues. The quantum is towers, Osama Bin Laden was killed in
up by over 136 per cent as compared to the Abbotabad, Pakistan on May 2, 2011. The
amount raised in April this year. "During May, operation was carried out without taking the
2011, Rs 4,781.1 crore was mobilized in the long term ally Pakistan in confidence and
primary market through five issues, as hence caused the U.S. – Pakistan relationship
compared to Rs 2,025.7 crore mobilized through irreparably to go off the track. The news had
six issues in April, 2011, an increase of 136 per an impact on Oil price and commodity price
cent over the previous month," said a 'Capital slips.
Market Review' by SEBI. Of the five issues in
May, four were initial public offers (IPOs), while
one was a follow-up public offer (FPO).
8. z
June 2011
Government cleared 16 FDI proposals
(Jun 7)
The Central Government on June 7, 2011 approved 16
Foreign Direct Investment (FDI) proposals worth Rs. 923’55
crore including those of L&T Finance Holdings and Star News
Broadcasting Ltd. The other major approved proposals were
those of Global Gourmet (Gujarat), Park Controls &
Communications Ltd (Bangalore) and Centum Electronics Ltd
(Bangalore). FDI into Indian economy had decreased by 25
percent to $19.43 billion in 2010-11 from $25.83 in 2009-10.
European Union Summit (Jun 23) SEBI permits BSE to list SMEs
(Jun 4)
Major decisions on economic policy,
immigration, relations with North African On 4th June, SEBI has permitted the Bombay
countries and Croatian membership were taken Stock Exchange (BSE) to list small and medium
during the EU Summit, held June23-24, 2011 in enterprises (SMEs) on the BSE platform.
Brussels. EU leaders agreed to major changes Companies with a paid-up capital of between
for increasing the effectiveness of a temporary Rs. 50 Lacs to Rs. 10 Crores will be categorized
fund providing financial help to euro zone as SMEs. However, they will trade on a different
countries in difficulty. It will be replaced by a platform under the BSE terminal and there will
permanent €500bn fund in 2013. They also be market-makers for SMEs to ensure their
encouraged Greece’s Parliament to pass laws liquidity. SEBI will permit trading of an SME on
on a fiscal strategy and privatization. EU leaders the main BSE bourse once its capital increases
also hoped to sign a treaty with the country, to INR250 million.
allowing Croatia to join the EU on July 1, 2013.
9. July 2011
Cabinet Committee on Economic Affairs clears RIL-BP deal
(Jul 22)
The Cabinet Committee on Economic Affairs (CCEA)
on July 22 cleared one of India’s biggest FDI deal
(amounting USD 7.2 billion) between Reliance
Industries and British Petroleum. The original deal
between the two companies was for BP to buy 30%
stake in 23 RIL’s oil and gas blocks including KG-D6
out of which CCEA approved the sale of 21 blocks.
While the deal will help BP to expand its global
operations, it will give RIL a desired access to better technology and opportunity to realize
better value from its hydrocarbon assets.
Global earnings fall below RBI hikes REPO rate by
expectations on the back of cost 50bps (Jul 26)
pressures in Europe (Jul 29)
In a move to check inflation, the Reserve
Bank of India, on July 26, hiked repo rates
The US saw earnings growth of 8.2% - margins
by 50 basis points to 8 percent. This was
were steady at 8%. Japanese earnings rebounded,
11th hike since March 2010 and caused
beating expectations by 20%. With just 35% of US
bond yields to raise sharply higher and
firms to report, the expected margin squeeze has
stock prices to go sharply lower. The
not hit overall profits but is visible in financial
analysts felt that the move will cause Indian
services, construction, food, telcos and autos. The
economy to slow down further.
Overall earnings growth (q/q) remained an
impressive 13%, and a 7% fall in European
earnings (which missed estimates by 8%) explains
the disappointing overall performance.
10. z
August 2011
S&P downgraded US credit rating
(Aug 5)
On August 5, for the first time in history of ratings,
Standard & Poor’s (S&P) downgraded the credit
rating of long term US treasury debt from AAA to
AA+, that too with a negative outlook. The rating
agency believed that the debt restructuring plan
proposed by U.S. Congress earlier that week did
not go far enough to improve the country’s debt
situation and to meet the economic challenges
then. The move caused shock waves across
international markets and stock markets world over tumbled following the news.
Coal India Ltd. Dethroned Parliament passed SBI
Reliance Industries Ltd. as most Subsidiary Banks Bill (Aug 30)
valued firm (Aug 17)
The parliament approved the State Bank of
Coal India Ltd replaced the Reliance Industries India (Subsidiary Banks Laws) Amendment
Limited as the most valued Indian Listed bill, which will enable the central government
company. At close, the CIL came home with a to effectively manage the affairs of the SBI
market cap of Rs 2, 51,296 crore on the BSE, subsidiaries banks.
Rs 4,167 crore higher than the RIL.
11. z
September 2011
Sensex suffers biggest one day fall in
26 months (Sep 22)
Sensex suffered its biggest single session loss of 704
points in over 2 years. A global markets meltdown
triggered by the US Federal Reserve's gloomy outlook
on the world's largest economy, caused the Sensex to
crash 704 points to 16,361. The Fed's cautious
message, fresh signs of slowdown in manufacturing
activities in China and Germany and selling by foreign
funds in the domestic market left investors poorer by
Rs 2.25 lakh crore with BSE's market capitalization now at Rs 60.2 lakh crore.
Rupee sees biggest weekly fall President Obama announces
in more than 15 years (Sep 23) $447 bn jobs package plan
(Sep 9)
INR rupee posted its biggest weekly fall in
more than 15 years on Friday on heightened US President Obama announced a bigger than
risk aversion amid the possibility of a expected $447bn jobs stimulus plan aimed at
recession in the developed world. Traders bringing down the country's high jobless total.
fear that impact of a possible Greek default The largest chunk of his plans is an extension
on the banking sector will negate any move of the payroll tax holiday, with the size of the
by India's central bank to support the unit. tax cut increasing to 3.1% from the current 2%.
12. z
October 2011
Global stocks fell to a 15-month low over
fears of Greek default (Oct 4)
Greece's ability to avoid default, fuelling fears of global
financial turmoil and recession led global stocks to slip to a
15 month low and pinning Asian stocks near a 16 month low.
Weakening outlook for industrial demand weighed on copper
and oil and on the contrary strengthened safe heavens such
as gold, yen and the dollar. Fears over the banking sector's
exposure to euro zone sovereign debt and plummeting value
of assets across the board further led to a sharp widening of
credit default swaps.
Health Insurance portability
RBI hiked key lending rate by
came into force (Oct 1)
25 bps to 8.5% and deregulates
savings deposit interest rate
(Oct 25) Insurance regulator (IRDA) has announced
the portability of health insurance feature to
be applicable for all general insurance
Reserve Bank of India has hiked the repo rate, companies offering health insurance. This
its key policy lending rate, by 25 basis points to move facilitates the user to try another
8.5%. RBI also deregulated the savings bank insurance company without breaking on
deposit rate which took the markets by current policy conditions.
surprise. The bank rate and the cash reserve
ratio have been maintained as it is at 6
percent.
13. z
November 2011
Indian Govt. proposed 51% FDI in
multi-brand retail
(Nov 14)
Indian government has opened the gates of
country’s retail industry to foreign supermarkets
by allowing 51% foreign direct investment in multi
brand retail. A much awaited reform will allow the
Wal-Mart and TESCOs of the world to enter
Indian market. The government also decided to
raise the cap on foreign investment in single-
brand retailing to 100% from 51%. This reform is also expected to help unclog supply
bottlenecks and ease inflation over time.
PPF, MIS, and other Post office Gold zooms to all time high
Deposit Scheme to earn higher (Nov 14)
interest, PPF limit raised to
Gold touched a new all-time high level by rising
100000 (Nov 27)
by Rs 30 to Rs 29,295 per 10 grams. The
upsurge is mainly attributed to sustained buying
The finance ministry has notified rules which will
spree by stockists and jewelers to meet the
pave the way for small savings account holders
demand for the ongoing marriage season,
to earn higher returns from December 1. The
amidst a firming global trend.
annual ceiling on PPF accounts will now go up
to Rs 100,000 from the current Rs 70,000. PPF
will earn returns of 8.6% vis-à-vis existing 8%,
while the NSC will fetch 8.4% returns, up from
existing 8%.
14. z
December 2011
India moves out of trillion-dollar stock
market club (Dec 20)
December 20. Indian stock markets lost its coveted
trillion dollar status. The decline in the rupee and share
valuations led to its size slipping below this mark to
$994.97 billion. This feat has been achieved by 13
other nations till date, apart from India. The Indian
market re-entered the coveted league on June 3, 2009
after it faced an ouster on July 1, 2008. The downtrend
trend on the bourses continues and Indian markets
reached to their 27 months low, aided by the dismal IIP numbers and stagnant advance tax
numbers.
Rupee touched all time low Euro drops below key $ 1.30
against dollar (Dec 15) mark (Dec 14)
INR touched a life time low of 54.30 to dollar. The euro fell below its key levels of $1.30 as
The INR continued its weakness, creating new concerns over Europe's sovereign-debt crisis
record lows every now and then, and hurt swirled. This euro fall is its 11 month lowest
corporate profits, margins and impacted market level since mid- January, early this year.
sentiment in Dalal Street. The rupee started
tumbling after the downgrading of U.S. credit
ranking and Eurozone crisis. It slid against the
dollar from 44.40 in July to 45.50 in August,
47.60 in September, 49.30 in October and 52.70
in November.