ISMJ came into existence to help and empower the Indian traders and investors with crisp research and market knowledge.
Conventional in belief and modern in approach, Indian Stock Market Journal (ISMJ), is India's leading equity research and stock market investment magazine. It is published every month with some intriguing articles about the Indian stock market and the business world.
It interests anyone who trades & invest in the stock market or wishes to do so or just wants to gain knowledge about the market.
study & launch of online saving account of sbi in kathuaHs Prince
The document discusses a study on launching a new tech product called "online SB account" by State Bank of India (SBI). It provides details about the student and project mentor overseeing the study, background on SBI including its history and products/services. The responsibilities assigned to the student by the mentor are to help customers open online savings accounts and provide demos of the online banking system. Features of SBI's online banking platform allow customers to view accounts, make payments, apply for loans, and more securely from any internet connection.
Additional Information of UTI Mutual Fund- WishfinAnvi Sharma
An open-ended equity fund with the objective to provide Capital appreciation through investments in the stocks of the companies engaged in providing transportation services, design, manufacture, distribution or sale of transportation equipment and companies in he logistics sector.
The banking system in India has evolved over centuries from money lending practices in ancient times to a modern system with widespread reach. It has undergone 3 major phases of development: [1] Early phase from 1786 to 1969 saw the establishment of the first banks; [2] Nationalization phase from 1969-1991 where government took control of banks; [3] Post-1991 liberalization phase introduced reforms and new private and foreign banks. Today the system includes public, private, foreign and cooperative banks serving both urban and rural areas across the country.
This document provides an overview of ICICI Securities and its history and services. It discusses the history of ICICI group companies including ICICI Bank, ICICI Prudential, ICICI Lombard, ICICI Venture, ICICI Home Finance, and ICICI Securities. It also provides a brief introduction to mutual funds, their types, and regulatory framework in India.
This document provides an overview of the insurance sector in India. It discusses the history of insurance in India dating back to ancient texts and its development under British rule. It then covers the nationalization of life insurance in 1956 and general insurance in 1973, as well as the liberalization of the sector beginning in the 1990s with the establishment of IRDA in 2000. The document highlights the importance of insurance for economic stability, financial stability, and individuals/businesses. It also describes various insurance terminology and types of policies available in India.
The document provides summaries of various news items related to banking, finance and the Indian economy:
- Bank of Baroda has located most of its operational activities at a shared service center in GIFT City near Ahmedabad.
- MCX launched India's first copper options contracts to provide additional hedging instruments.
- SBI reported a net loss of Rs. 7,718 crore for the March 2018 quarter due to a doubling of provisions.
- RBI imposed a penalty of Rs. 5 crores on South Indian Bank for non-compliance with various regulatory norms.
Axis Bank was the first private sector bank established in India in 1994 after the government allowed private sector banks. It was jointly promoted by several public sector insurance companies. As of 2004, Axis Bank had over 2.7 million debit cards and more than 200 branches across India, with over 1250 ATMs. It provides both retail and corporate banking services. Some key offerings include ATM services, international travel currency cards, loans, deposits and other banking services. The bank aims to adopt best international practices to achieve excellence in service.
Additional Information of Axis Mutual Fund- WishfinAnvi Sharma
This document provides details about Axis Mutual Fund's constitution and organization. It summarizes that Axis Mutual Fund is constituted as a trust with Axis Bank as the sponsor and Axis Mutual Fund Trustee Limited as the trustee. It also provides details about the sponsor Axis Bank, the trustee including trustee directors and their roles and responsibilities, and the asset management company Axis Asset Management Company Limited.
study & launch of online saving account of sbi in kathuaHs Prince
The document discusses a study on launching a new tech product called "online SB account" by State Bank of India (SBI). It provides details about the student and project mentor overseeing the study, background on SBI including its history and products/services. The responsibilities assigned to the student by the mentor are to help customers open online savings accounts and provide demos of the online banking system. Features of SBI's online banking platform allow customers to view accounts, make payments, apply for loans, and more securely from any internet connection.
Additional Information of UTI Mutual Fund- WishfinAnvi Sharma
An open-ended equity fund with the objective to provide Capital appreciation through investments in the stocks of the companies engaged in providing transportation services, design, manufacture, distribution or sale of transportation equipment and companies in he logistics sector.
The banking system in India has evolved over centuries from money lending practices in ancient times to a modern system with widespread reach. It has undergone 3 major phases of development: [1] Early phase from 1786 to 1969 saw the establishment of the first banks; [2] Nationalization phase from 1969-1991 where government took control of banks; [3] Post-1991 liberalization phase introduced reforms and new private and foreign banks. Today the system includes public, private, foreign and cooperative banks serving both urban and rural areas across the country.
This document provides an overview of ICICI Securities and its history and services. It discusses the history of ICICI group companies including ICICI Bank, ICICI Prudential, ICICI Lombard, ICICI Venture, ICICI Home Finance, and ICICI Securities. It also provides a brief introduction to mutual funds, their types, and regulatory framework in India.
This document provides an overview of the insurance sector in India. It discusses the history of insurance in India dating back to ancient texts and its development under British rule. It then covers the nationalization of life insurance in 1956 and general insurance in 1973, as well as the liberalization of the sector beginning in the 1990s with the establishment of IRDA in 2000. The document highlights the importance of insurance for economic stability, financial stability, and individuals/businesses. It also describes various insurance terminology and types of policies available in India.
The document provides summaries of various news items related to banking, finance and the Indian economy:
- Bank of Baroda has located most of its operational activities at a shared service center in GIFT City near Ahmedabad.
- MCX launched India's first copper options contracts to provide additional hedging instruments.
- SBI reported a net loss of Rs. 7,718 crore for the March 2018 quarter due to a doubling of provisions.
- RBI imposed a penalty of Rs. 5 crores on South Indian Bank for non-compliance with various regulatory norms.
Axis Bank was the first private sector bank established in India in 1994 after the government allowed private sector banks. It was jointly promoted by several public sector insurance companies. As of 2004, Axis Bank had over 2.7 million debit cards and more than 200 branches across India, with over 1250 ATMs. It provides both retail and corporate banking services. Some key offerings include ATM services, international travel currency cards, loans, deposits and other banking services. The bank aims to adopt best international practices to achieve excellence in service.
Additional Information of Axis Mutual Fund- WishfinAnvi Sharma
This document provides details about Axis Mutual Fund's constitution and organization. It summarizes that Axis Mutual Fund is constituted as a trust with Axis Bank as the sponsor and Axis Mutual Fund Trustee Limited as the trustee. It also provides details about the sponsor Axis Bank, the trustee including trustee directors and their roles and responsibilities, and the asset management company Axis Asset Management Company Limited.
The presentation discusses the comparative study of IDBI Federal Life Insurance Co. Ltd. and LIC of India. The comparison is done on the basis of products & plans, market share, new policies issued, grievances resolved percentage, premium collection, claim settlement ratio. The presentation also gives the analysis of customer awareness and satisfaction level for both the companies.
Axis Bank rebranded itself from UTI Bank in 2007 for three main reasons: they had to give up the UTI name after 13 years of using it as they were not willing to accept terms from UTI AMC, including paying royalty fees; the recommendation to change the name came from brand confusion generated by other unrelated entities using the UTI brand; and the name UTI Bank implied it was a government bank so they wanted their own unique brand identity. The bank spent around Rs. 50 crore on the rebranding exercise, hiring advertising firm Ogilvy & Mather to design and implement the new Axis Bank brand, including a new logo depicting a strong growth path supported by a strong base.
Critical and Important term in money banking and finance in Indian economyAnkita Agarwal
By this document we share some important financial term which is always asked banking exam and other similar exam in current affair section . This content really helpful for students. For more important update in current affair section at https://goo.gl/6GRThb
Customer satisfaction towards the product and services of AXIS BankVijendra Kumar (VJ)
This document is a project report submitted by Vijendra Kumar to Sathyabama University analyzing customer satisfaction towards the products and services of Axis Bank. The report includes an introduction, chapters on the banking industry profile and Axis Bank company profile, and was conducted under the guidance of Krishna Priya from March-April 2011. The objective was to study customer satisfaction, products and services delivered, compare to competitors, and how Axis Bank maintains effective service.
This document provides an overview of the Indian banking system. It discusses the history of banking in India from the 18th century to present day. It also defines important banking terms like scheduled banks, public sector banks, private sector banks, foreign banks, specialized banks, payment banks, and non-banking financial companies. The roles of key banking regulators like RBI, SEBI, and IRDA are also summarized.
INX Media (later renamed 9x Media) sought permission from the Foreign Investment Promotion Board (FIPB) in 2007 to issue shares to foreign investors and make a downstream investment in INX News. The FIPB only approved a smaller foreign investment amount than what INX Media received. In 2008, authorities began investigating INX Media for violating the approval conditions. INX Media sought help from Karti Chidambaram, son of then-Finance Minister P. Chidambaram, and a company connected to Karti influenced the FIPB to ignore the violations. This led to money laundering and corruption charges against Karti Chidambaram and P. Chidambaram for
India has 96 scheduled commercial banks comprising 27 public sector banks, 31 private sector banks, and 38 foreign banks. The document then lists the old and new private sector banks established before and after 1993. It also provides information on central bank (Reserve Bank of India), public sector banks, private sector banks, cooperative banks, foreign banks, regional rural banks, interbank networks, andDefunct banks in India.
This document provides an overview and analysis of public sector banks, private sector banks, and foreign banks in India from 2010-2011 to 2014-2015. It summarizes the origin and role of public sector banks in India and compares their financial performance to private and foreign banks in key metrics like deposits, credit disbursal, credit-deposit ratios, profitability, and non-performing assets. The analysis finds that public sector banks attract more deposits but have higher non-performing assets, while private banks are growing their loan portfolios more rapidly but have stronger asset quality.
This document provides information about IDBI Federal Life Insurance, including its sponsors IDBI Bank and Federal Bank. IDBI Federal is a joint venture between IDBI Bank, Federal Bank, and Ageas, an insurance company based in Europe. The document discusses IDBI Federal's rapid growth since inception in 2008. It also provides background on IDBI Bank and Federal Bank, the leading development bank and private sector bank in India that sponsor IDBI Federal.
This document provides information on several banks in India, including Bank of Baroda, State Bank of India, and Yes Bank. It outlines the founding dates and locations of Bank of Baroda and State Bank of India. Details provided include the current CEO and chairman of Bank of Baroda, its total assets, branch network size, and history of acquisitions and nationalization. Background on State Bank of India's establishment in 1806 and nationalization in 1955 is also presented, along with facts about its logo design and former chairperson.
The INX Media case involves Indrani Mukerjea founding INX Media Pvt Ltd and INX News Pvt Ltd in 2007 in India. INX Media operated two television channels and sought foreign investment approval from FIPB. It was alleged that Karti Chitambaram received bribes from INX Media to manipulate a tax investigation in their favor. In 2018, ED filed a money laundering case against INX Media and found Karti Chitambaram guilty under anti-corruption laws, attaching over 54 crores in assets.
For updated information, please visit www.ibef.org February 2018
BANKING
[1] The Indian banking sector has grown at a healthy pace over the past decade, with total credit increasing at a CAGR of 12.38% during FY07-17 and total deposits increasing at a CAGR of 10.08% during the same period.
[2] Total banking sector assets have increased at a CAGR of 8.83% to US$ 2.202 trillion during FY13–17, with assets of public sector banks growing at 7.43% CAGR and private sector banks growing at 14.44% CAGR.
[3]
Bank of Baroda (BoB) is one of the largest public sector banks in India with over 5000 branches globally. It was founded in 1908 in Baroda, Gujarat by the Maharaja of Baroda. Over the years, BoB has expanded both within India and internationally. In 1969, it was nationalized along with 13 other major banks. Today, BoB offers a wide range of banking products and services to corporate and retail customers. It has received several awards recognizing its leadership and customer service. BoB has a strong presence both within India and globally across over 20 countries.
The document provides information about Axis Bank, including:
1) It discusses Axis Bank's history, starting from when it was established in 1994 as UTI Bank and its prominent promoters including UTI, LIC, and GIC.
2) It outlines some of Axis Bank's banking products and services over the years such as credit cards, ATMs, internet banking, loans, and deposit accounts.
3) It also briefly discusses Axis Bank's management and definitions related to banking terminology.
A Final Project Report on SBI Strategic Perfomance"Jawid Joya
State Bank of India (SBI) is India's largest bank. It traces its ancestry back to British rule in India and was nationalized in 1955. SBI has over 17,000 branches worldwide and assets of $388 billion, making it the largest bank in India. It provides a wide range of banking products and services both domestically and internationally through subsidiaries and associates. SBI employs over 228,000 people and continues to be recognized for its social responsibility and leadership in the Indian banking sector.
This document provides a project report submitted to Savitribai Phule Pune University on "A Financial Approach Towards Performance of Various Services of Axis Bank Ltd". The report was submitted to the Department of MBA at SRES College of Engineering in Kopargaon, India in partial fulfillment of an MBA degree. The report discusses Axis Bank's financial services, account types, operations processes, and analyzes customer feedback to evaluate the bank's performance. Overall, the report finds that Axis Bank's financial position is good with opportunities to improve liquidity and increase customer relationships. It provides suggestions such as maintaining solvency and decreasing account costs.
The document summarizes the history and operations of the Industrial Development Bank of India (IDBI). IDBI was established in 1964 by the Government of India as a development financial institution to provide funding to industrial enterprises. In 1976, ownership was transferred fully to the Government of India. In 2004, IDBI was transformed into a commercial bank to diversify its role beyond development financing. Currently, the government owns 77% of IDBI Bank. The bank provides financial assistance, promotes industrial development institutions, offers technical support to industry, and conducts market research to aid industry growth in India.
The document provides a summary of 23 financial news items from India. Some key points covered include: Arundhati Bhattacharya becoming the first woman to head SBI; LIC appointing its first woman managing director; India's foreign exchange reserves rising by $1.83 billion in a week; and the World Bank slashing India's GDP growth forecast to 4.7% for the current fiscal year.
The Supreme Court of India heard an appeal related to alleged irregularities in the Foreign Investment Promotion Board clearance given to INX Media for foreign investment. The High Court had rejected anticipatory bail applications by P. Chidambaram in cases registered by the Central Bureau of Investigation and Enforcement Directorate related to money laundering. The Supreme Court heard lengthy arguments over multiple hearings on whether Chidambaram should be granted anticipatory bail. The prosecution alleged that INX Media received foreign investment exceeding the approved amount, and that Karti Chidambaram received payments to influence officials through his companies. The court considered whether the documents cited by the Enforcement Directorate had been shared with Chidambaram during his interrogation.
The document summarizes the AgustaWestland chopper scam in India. It describes how in 2013, an investigation began into allegations that AgustaWestland bribed Indian officials to secure a contract to supply 12 helicopters. Several politicians and military officials were accused of accepting bribes. The contract was later cancelled after it was found that bribes were involved and rules were broken to favor AgustaWestland. Investigations by Indian agencies into the scam are ongoing.
The presentation discusses the comparative study of IDBI Federal Life Insurance Co. Ltd. and LIC of India. The comparison is done on the basis of products & plans, market share, new policies issued, grievances resolved percentage, premium collection, claim settlement ratio. The presentation also gives the analysis of customer awareness and satisfaction level for both the companies.
Axis Bank rebranded itself from UTI Bank in 2007 for three main reasons: they had to give up the UTI name after 13 years of using it as they were not willing to accept terms from UTI AMC, including paying royalty fees; the recommendation to change the name came from brand confusion generated by other unrelated entities using the UTI brand; and the name UTI Bank implied it was a government bank so they wanted their own unique brand identity. The bank spent around Rs. 50 crore on the rebranding exercise, hiring advertising firm Ogilvy & Mather to design and implement the new Axis Bank brand, including a new logo depicting a strong growth path supported by a strong base.
Critical and Important term in money banking and finance in Indian economyAnkita Agarwal
By this document we share some important financial term which is always asked banking exam and other similar exam in current affair section . This content really helpful for students. For more important update in current affair section at https://goo.gl/6GRThb
Customer satisfaction towards the product and services of AXIS BankVijendra Kumar (VJ)
This document is a project report submitted by Vijendra Kumar to Sathyabama University analyzing customer satisfaction towards the products and services of Axis Bank. The report includes an introduction, chapters on the banking industry profile and Axis Bank company profile, and was conducted under the guidance of Krishna Priya from March-April 2011. The objective was to study customer satisfaction, products and services delivered, compare to competitors, and how Axis Bank maintains effective service.
This document provides an overview of the Indian banking system. It discusses the history of banking in India from the 18th century to present day. It also defines important banking terms like scheduled banks, public sector banks, private sector banks, foreign banks, specialized banks, payment banks, and non-banking financial companies. The roles of key banking regulators like RBI, SEBI, and IRDA are also summarized.
INX Media (later renamed 9x Media) sought permission from the Foreign Investment Promotion Board (FIPB) in 2007 to issue shares to foreign investors and make a downstream investment in INX News. The FIPB only approved a smaller foreign investment amount than what INX Media received. In 2008, authorities began investigating INX Media for violating the approval conditions. INX Media sought help from Karti Chidambaram, son of then-Finance Minister P. Chidambaram, and a company connected to Karti influenced the FIPB to ignore the violations. This led to money laundering and corruption charges against Karti Chidambaram and P. Chidambaram for
India has 96 scheduled commercial banks comprising 27 public sector banks, 31 private sector banks, and 38 foreign banks. The document then lists the old and new private sector banks established before and after 1993. It also provides information on central bank (Reserve Bank of India), public sector banks, private sector banks, cooperative banks, foreign banks, regional rural banks, interbank networks, andDefunct banks in India.
This document provides an overview and analysis of public sector banks, private sector banks, and foreign banks in India from 2010-2011 to 2014-2015. It summarizes the origin and role of public sector banks in India and compares their financial performance to private and foreign banks in key metrics like deposits, credit disbursal, credit-deposit ratios, profitability, and non-performing assets. The analysis finds that public sector banks attract more deposits but have higher non-performing assets, while private banks are growing their loan portfolios more rapidly but have stronger asset quality.
This document provides information about IDBI Federal Life Insurance, including its sponsors IDBI Bank and Federal Bank. IDBI Federal is a joint venture between IDBI Bank, Federal Bank, and Ageas, an insurance company based in Europe. The document discusses IDBI Federal's rapid growth since inception in 2008. It also provides background on IDBI Bank and Federal Bank, the leading development bank and private sector bank in India that sponsor IDBI Federal.
This document provides information on several banks in India, including Bank of Baroda, State Bank of India, and Yes Bank. It outlines the founding dates and locations of Bank of Baroda and State Bank of India. Details provided include the current CEO and chairman of Bank of Baroda, its total assets, branch network size, and history of acquisitions and nationalization. Background on State Bank of India's establishment in 1806 and nationalization in 1955 is also presented, along with facts about its logo design and former chairperson.
The INX Media case involves Indrani Mukerjea founding INX Media Pvt Ltd and INX News Pvt Ltd in 2007 in India. INX Media operated two television channels and sought foreign investment approval from FIPB. It was alleged that Karti Chitambaram received bribes from INX Media to manipulate a tax investigation in their favor. In 2018, ED filed a money laundering case against INX Media and found Karti Chitambaram guilty under anti-corruption laws, attaching over 54 crores in assets.
For updated information, please visit www.ibef.org February 2018
BANKING
[1] The Indian banking sector has grown at a healthy pace over the past decade, with total credit increasing at a CAGR of 12.38% during FY07-17 and total deposits increasing at a CAGR of 10.08% during the same period.
[2] Total banking sector assets have increased at a CAGR of 8.83% to US$ 2.202 trillion during FY13–17, with assets of public sector banks growing at 7.43% CAGR and private sector banks growing at 14.44% CAGR.
[3]
Bank of Baroda (BoB) is one of the largest public sector banks in India with over 5000 branches globally. It was founded in 1908 in Baroda, Gujarat by the Maharaja of Baroda. Over the years, BoB has expanded both within India and internationally. In 1969, it was nationalized along with 13 other major banks. Today, BoB offers a wide range of banking products and services to corporate and retail customers. It has received several awards recognizing its leadership and customer service. BoB has a strong presence both within India and globally across over 20 countries.
The document provides information about Axis Bank, including:
1) It discusses Axis Bank's history, starting from when it was established in 1994 as UTI Bank and its prominent promoters including UTI, LIC, and GIC.
2) It outlines some of Axis Bank's banking products and services over the years such as credit cards, ATMs, internet banking, loans, and deposit accounts.
3) It also briefly discusses Axis Bank's management and definitions related to banking terminology.
A Final Project Report on SBI Strategic Perfomance"Jawid Joya
State Bank of India (SBI) is India's largest bank. It traces its ancestry back to British rule in India and was nationalized in 1955. SBI has over 17,000 branches worldwide and assets of $388 billion, making it the largest bank in India. It provides a wide range of banking products and services both domestically and internationally through subsidiaries and associates. SBI employs over 228,000 people and continues to be recognized for its social responsibility and leadership in the Indian banking sector.
This document provides a project report submitted to Savitribai Phule Pune University on "A Financial Approach Towards Performance of Various Services of Axis Bank Ltd". The report was submitted to the Department of MBA at SRES College of Engineering in Kopargaon, India in partial fulfillment of an MBA degree. The report discusses Axis Bank's financial services, account types, operations processes, and analyzes customer feedback to evaluate the bank's performance. Overall, the report finds that Axis Bank's financial position is good with opportunities to improve liquidity and increase customer relationships. It provides suggestions such as maintaining solvency and decreasing account costs.
The document summarizes the history and operations of the Industrial Development Bank of India (IDBI). IDBI was established in 1964 by the Government of India as a development financial institution to provide funding to industrial enterprises. In 1976, ownership was transferred fully to the Government of India. In 2004, IDBI was transformed into a commercial bank to diversify its role beyond development financing. Currently, the government owns 77% of IDBI Bank. The bank provides financial assistance, promotes industrial development institutions, offers technical support to industry, and conducts market research to aid industry growth in India.
The document provides a summary of 23 financial news items from India. Some key points covered include: Arundhati Bhattacharya becoming the first woman to head SBI; LIC appointing its first woman managing director; India's foreign exchange reserves rising by $1.83 billion in a week; and the World Bank slashing India's GDP growth forecast to 4.7% for the current fiscal year.
The Supreme Court of India heard an appeal related to alleged irregularities in the Foreign Investment Promotion Board clearance given to INX Media for foreign investment. The High Court had rejected anticipatory bail applications by P. Chidambaram in cases registered by the Central Bureau of Investigation and Enforcement Directorate related to money laundering. The Supreme Court heard lengthy arguments over multiple hearings on whether Chidambaram should be granted anticipatory bail. The prosecution alleged that INX Media received foreign investment exceeding the approved amount, and that Karti Chidambaram received payments to influence officials through his companies. The court considered whether the documents cited by the Enforcement Directorate had been shared with Chidambaram during his interrogation.
The document summarizes the AgustaWestland chopper scam in India. It describes how in 2013, an investigation began into allegations that AgustaWestland bribed Indian officials to secure a contract to supply 12 helicopters. Several politicians and military officials were accused of accepting bribes. The contract was later cancelled after it was found that bribes were involved and rules were broken to favor AgustaWestland. Investigations by Indian agencies into the scam are ongoing.
The document summarizes the AgustaWestland chopper scam in India. It describes how in 2013, an investigation began into allegations that AgustaWestland bribed Indian officials to secure a contract to supply 12 helicopters. Several politicians and military officials were accused of accepting bribes. The contract was later cancelled after it was found that bribes were paid, and India recovered funds paid to AgustaWestland. The investigation continues as agencies seek evidence against those who accepted bribes in the deal.
AIIB’s proposed deal with India’s $2.1 billion National Investment and Infrastructure Fund (NIIF) would also threaten to revive a host of stalled projects in the country potentially including coal, power, petroleum, railways and roads – many of which are currently shelved because of high social and environmental risks and opposition by local communities.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
This document summarizes a research paper on competition in the life insurance sector in India. It provides background on the history and evolution of life insurance in India, including the nationalization of the industry in 1956 and the recommendations of the Malhotra Committee in 1994 to privatize the sector. It lists the current public and private life insurers operating in India, noting that LIC maintains over 70% market share. The paper examines issues around competition and dominance in the life insurance market.
This document summarizes a research paper on competition in the life insurance sector in India. It provides background on the history and evolution of life insurance in India, including the nationalization of the industry in 1956 and the recommendations of the Malhotra Committee in 1994 to privatize the sector. It lists the current public and private life insurers operating in India, noting that LIC maintains over 70% market share. The paper examines issues around competition and dominance in the life insurance market.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The document provides an overview of the mutual funds industry in India from its origins in 1963 through 2003. It discusses the growth of the industry from only one company (UTI) until 1987 to include many private sector players by 2003. It summarizes key findings on unitholding patterns, including that individual investors accounted for 97% of accounts but only 41% of assets, while corporations contributed 57% of assets. It also discusses regulatory changes, new funds launched, dividends declared by various companies, and speeches given on the industry. The crisis at UTI from 1999-2002 is examined, noting structural flaws and officials using funds imprudently.
The document provides an overview of the mutual funds industry in India from its origins in 1963 through 2003. It discusses the growth of the industry from only one company (UTI) until 1987 to include many private sector players by 2003. It summarizes key findings about unitholders, including that individual investors made up most accounts but corporations contributed the most assets, and discusses differences between public and private sector mutual funds. It also briefly outlines some regulatory changes and events affecting major companies in the industry during this period.
UGC-NET PAPER-1 CURRENT AFFAIRS MAGAZINE WEEKLYDIwakar Rajput
This document provides a summary of the 3rd edition of a weekly magazine published by Diwakar Education Hub. It includes topics like current affairs related to higher education and the environment, reasoning questions, date interpretation questions, and mock tests. It thanks readers for their support and provides links to join online classes and access study materials in commerce, management, and other topics. Current affairs sections cover various recent news stories on topics like the Indian languages portal launched by CIL Mysuru, the INX Media case, and Nirmala Sitharaman's press conference, among others.
Monthly report: While it's Hindi Chini Bhai Bhai in India, US Chants Namo Nam...IndiaNotes.com
What an eventful month first it was Chinese President #Xi #Jinping's India visit followed by the Prime Minister Mr. #Narendra Modi’s Visit to the USA. The Chinese President’s Visit resulted in a commitment of $20 billion dollars in a fast train corridor and a new strategic road.
This document is a research report submitted by Brijesh Kumar for his MBA program. It examines the effectiveness of advertising in the Indian real estate industry. The report provides an introduction to the real estate industry in India, including the impact of globalization and financial reforms. It discusses key sectors like residential and commercial real estate as well as the growing retail and mall development industry. The report also outlines its research methodology and plans to analyze data to draw findings and conclusions about advertising in the Indian real estate market.
CRB Capital Markets Chairman Chain Roop Bhansali, the prime accused in the Rs 12 billion CRB scam, was arrested in Delhi and taken to Bombay. The company's vice-chairman and two other directors were also arrested and remanded to custody. According to the CBI, they tracked Bhansali to Hong Kong and arrested him upon his return flight to Delhi. Cases were registered against the accused under criminal codes for cheating and corruption.
Overseas sources of finance for indian corporateshoax11
I have been working on some of my college assignments, and I made this fine report on "Overseas sources of funds for Indian Corporates, and why Corporates lusts for those sources". Please read, review, and give your feedback.
This document provides a summary of some of the important judgments delivered by the Supreme Court of India in 2019. It discusses judgments related to telecom regulatory fees, the scope of the Right to Information Act, criminal sentencing practices, caste-based atrocities laws, and housing projects. The document also mentions that the Chief Justice of India was cleared of sexual harassment charges in May 2019. It aims to capture the key legal developments and events of the year through analyses by legal experts.
The three major financial Scams that shook the economy of India and Financial sector,
- The Satyam saga
- The Sahara Scam
- Saradha chit fund embezzlement
This pdf briefly explains how the scams were unearthed and brought to light.
Coal India had a successful initial public offering, with its stock price rising over 32% on the first day of trading. However, some analysts predict the gains may be difficult to sustain as speculators who borrowed money to invest may look to sell for a profit. Retail investors and others may look to buy dips in the stock price for long term investment in the company given its near monopoly in the Indian coal market. The US is expected to push for greater access to the Indian market during President Obama's visit, including further foreign direct investment reforms in retail and financial services to allow US companies to better access the consumer market in India.
The document discusses the investigation and arrest of three commodity brokers - Amit Rathi of Anand Rathi Commodities, Cherassary Krishnan of Geofin Comtrade, and Chintan Modi of India Infoline Commodities - by the Economic Offences Wing of Mumbai police for their alleged involvement in the National Spot Exchange Limited payment default case. The brokers are accused of giving false information to investors and auditors, trading without client consent, and manipulating trading volumes. The EOW probe revealed evidence that Amit Rathi was aware and actively involved in the suspicious activities through his company.
Similar to Indian Stock Market Journal-August 2019 (20)
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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.
1. STOCK MARKET
JOURNAL
INDIAN
AUGUST 2019
E M P O W E R I N G T R A D E R S A N D I N V E S T O R S
INX MEDIA CASE &
CHIDAMBARAM
All You Need To Know About
REVOKED
ARTICLE
Towards a Better India?
370
INDIAN STOCK
MARKET OUTLOOK
2019
September
CCD Founder’s Suicide Case
WHO REALLY IS
RESPONSIBLE?
World’s
Top Investors&
Investing Secrets
THEIR
2. EQUITYPANDITISMJ
Research &Analysis
Surabhi Deo
Amrita Chakravorty
Neha Verma
Darpan Shah
Editing & Design
We would like to thank you for appreciating our previous
editions with your kind words. We would love to have your
continuous feedback so that we improve on our work.
Please feel free to write to us at
support@equitypandit.com.
Happy investing!
CEO & Managing Director
EquityPandit Financial Services (P) Limited
Abhishek Parakh
A Message from the CEO
Dear Readers,
The business scenario is changing at a fast pace-for good
and for bad. On one hand, with the scrapping of Article
370 and 35A, entrepreneurs will find new avenues for
growth to explore. On the other hand, with several scams
unfolding and iconic businessmen giving in to the
pressure, the future of enterprising is under scrutiny.
In this edition of ISMJ we bring to you, intriguing articles
that will make you ponder over the implications of the
changing business trends and how it affets the perception
we have had about the business world.
Also we bring to you amazing lessons from the top stock
market investors, around the globe. Hope you learn and
grow.
4. C O N T E N T S
INX MEDIA CASE &
CHIDAMBARAM: A TIMELINE
Page1
Page 10
WHO REALLY IS
RESPONSIBLE?
CCD Founder’s Suicide Case
STOCK MARKET
OUTLOOK FOR
SEPTEMBER 2019
Page 23
EQUITYPANDIT FINANCIAL
SERVICES PVT. LTD.
305, TRINITY BUSINESS
CENTRE, L. P. SAVANI
ROAD,
SURAT GUJARAT - 395009
WWW.EQUITYPANDIT.COM
I N D I A N S T O C K M A R K E T J O U R N A L | A U G U S T 2 0 1 9
5. INX MEDIA CASE &
CHIDAMBARAM: A TIMELINE
What is INX Media Case and its link with P Chidambaram?
ISMJ| AUGUST 2019
The Supreme Court has granted interim
protection to ex-Finance Minister P
Chidambaram from arrest by Enforcement
Directorate till August 26 in the INX Media
case. On Thursday, a special CBI court
sent Chidambaram to CBI custody till
August 26 in the case which pertains to
alleged irregularities in Foreign Investment
Promotion Board’s clearance to INX Media.
OVERVIEW:
Alleging irregularities in the
Foreign Investment Promotion
Board (FIPB) clearance given to
the INX group for receiving
overseas funds of Rs 305 crore in
2007, CBI had registered an FIR
on May 2017. Chidambaram was
Union Finance Minister at the
time.
Last year, the Enforcement
Directorate (ED) registered a
case of money laundering, and
the CBI called Chidambaram for
questioning. Earlier this year,
Chidambaram moved Delhi High
Court to seek anticipatory bail in
both the cases.
ISMJ |August 2019| 1
6. P Chidambaram was arrested
by the CBI on Wednesday
(August 21, 2019) night in
connection with its probe.
The development came hours
after Chidambaram failed to
get immediate protection from
arrest from the Supreme
Court which decided to hear
Friday his petition seeking a
stay of the Delhi High Court
order that had dismissed his
anticipatory bail plea.
In January 2008, the
Financial Intelligence Unit
(FIU-IND) of the Finance
Ministry flagged Foreign
Direct Investment of over
Rs 305 crore by three
Mauritius-based companies
in INX Media Pvt Ltd., then
owned by Peter and Indrani
Mukerjea.
Last year, the Enforcement
Directorate (ED) registered
a case of money laundering,
and the CBI called
Chidambaram for the further
questioning. Earlier this
year, Chidambaram moved
Delhi High Court to seek
anticipatory bail in both the
cases.
Alleging irregularities in the
Foreign Investment Promotion
Board (FIPB) clearance given
to the INX group for receiving
overseas funds of Rs 305
crore in 2007, CBI had
registered an FIR on May
2017. Chidambaram was
Union Finance Minister at the
time.
The Income-Tax (I-T)
Department in Mumbai
forwarded the case to the
Enforcement Directorate
(ED). In 2010, ED registered
a case against INX Media for
alleged Foreign Exchange
Management Act (FEMA)
violations.
Several years later, while
Thoroughly investigating a
company associated with
Chidambaram’s son Karti
Chidambaram, ED found
documents linked to INX
Media in the computer of
Karti’s CA Bhaskarraman. The
documents indicated payments
made to Karti’s alleged
company by INX Media at the
time the Finance Ministry
granted it FIPB approval.
On ED’s reference in this
regard, CBI registered a case
of corruption in May 2017 and
searched premises connected
with both Karti and his father
P Chidambaram. Following
this, ED lodged a case of
money laundering against
Karti. He was arrested by CBI
in February last year. He was
later granted bail by Delhi
High Court and is now the
Congress Lok Sabha MP from
Sivaganga.
ISMJ |August 2019| 2
7. EARLIER IN THE CASE:
In its FIR, CBI said that INX
Media had approached
FIPB on March 13, 2007, for
permission to issue 14.98
lakh equity shares and
31.22 lakh convertible non-
cumulative redeemable
preference shares of Rs 10
a piece to three non-resident
investors under the FDI
route. These shares
represented 46.21% of the
issued equity capital of INX
Media.
According to the CBI, in its
application to FIPB in 2007,
the media company also
mentioned its intention to
‘make a downstream
financial investment to the
extent of 26 per cent of the
issued and outstanding
equity share capital of INX
News Pvt Ltd, a subsidiary
of INX Media.
On May 30, 2007, FIPB
cleared FDI of Rs 4.62 crore
for INX Media. But it rejected
the proposal of downstream
investment of INX Media in
INX News.
The CBI has alleged that
INX Media flouted the
conditional approval of FIPB,
and brought in over Rs 305
crore of FDI in the firm
against the approved inflow
of Rs 4.62 crore. CBI
sources had said at the time
that the foreign entities
bought shares of INX at Rs
862.31 a piece, which was
86.2 times more than their
face value. The media
organisation also made a
downstream investment of
26% in its subsidiary, INX
News.
the then Finance Minister, P
Chidambaram’. CBI has
alleged that FIPB, instead of
investigating the case,
extended undue favours to
the media firm by asking INX
News to apply for fresh FIPB
approval on the downstream
investment that it had
already received.
Chidambaram, the promoter
director of Chess
Management Service (P)
Ltd, to ‘amicably’ resolve the
issue by ‘influencing the
public servants of the FIPB
unit of Ministry of Finance by
virtue of his relationship with
THE CBI HAS
ALLEGED THAT INX
MEDIA FLOUTED
THE CONDITIONAL
APPROVAL OF
FIPB, AND
BROUGHT IN OVER
RS 305 CRORE OF
FDI IN THE FIRM
AGAINST THE
APPROVED
INFLOW OF RS 4.62
CRORE.
ISMJ |August 2019| 3
8. HOW PC GOT INTO TROUBLE? A TIMELINE
May 15, 2017
HC grants him interim protection
from arrest in both cases.
CBI files FIR, alleging
irregularities in FIPB
clearance to INX Media for
receiving overseas funds to
the tune of Rs 305 crore in
2007 when Karti
Chidambaram’s father P
Chidambaram was Union
Finance Minister. The same
month, ED files money
laundering case in the
matter.
June 16, 2017
Foreigner Regional
Registration Officer (FRRO)
and Bureau of Immigration,
under Union Home Ministry,
issues look-out circular
(LOC) against Karti.
August 2017
SC asks Karti to appear
before CBI on August 23.
September 2017
CBI tells SC that Karti was
prevented from traveling
abroad as he was allegedly
closing foreign bank
accounts.
February 2018
March 2018
Karti arrested by CBI at Chennai
airport and brought to Delhi.
Delhi court sends him to one-day
police custody.
ED lodges money Laundering
case and summons P
Chidambaram for questioning.
May 2018
Chidambaram moves Delhi HC
seeking anticipatory bail plea in
CBI corruption case.
July 2018
Cong leader moves Delhi HC for
an anticipatory bail in money
laundering case of ED.
July 25, 2018
October, 2018
ED attaches 50% of Chidam-
baram’s Jor Bagh bungalow
July 11, 2019
Sheena Bora murder case
accused and INX Media
owner Indrani Mukherjea
turns approver
August 20, 2019
HC dismisses anticipatory
bail pleas, declines Chidam-
baram’s request to stay the
order for 3 days to enable
him to appeal in SC.
August 21, 2019
Supreme Court lists
Chidambaram’s petition
seeking a stay of Delhi HC
order that dismissed his
anticipatory bail plea. On the
same day, Chidambaram is
arrested.
August 22, 2019
Chidambaram produced
before Special CBI Court in
Delhi and is remanded to CBI
custody till August 26. The
court finds allegations
against him in the INX Media
case ‘serious in nature’ for
which a ‘detailed and in-
depth investigation is
required’.
ISMJ |August 2019| 4
9. In the preceding years, speculation about the results of the
American civil war had led to irrational increases of stocks of new
Indian companies. Shares of the Back bay reclamation (face value
Rs. 5,000) touched Rs. 50,000 and those of Bank of Bombay (face
value Rs.500) touched Rs. 2,850.
Money made from cotton was pumped into the stock market driving
prices of stocks higher. Banks loaned money to speculators further
fuelling the bull run and wealthy merchants like Premchand
Roychand dispensed advice that led to ordinary people placing
their bets on shares.
On 1 July 1865, when hundreds of "time bargains" had matured
(as the future contracts were then known), buyers and sellers alike
defaulted leading to the burst of the bubble. A share of Bank of
Bombay which had touched Rs 2,850 at the peak of the market
slumped to just Rs 87 in the aftermath of the bust.
However, the market crashed in May 1865 when the civil war
ended, causing cotton prices to fall. Shares of the Backbay
reclamation fell by 96% to under Rs. 2,000 and a number of
merchants including Behramji Hormuzjee Cama went bankrupt.
India is believed to experience its first stock market crash in
1865.Although the Bombay stock exchange had not yet been
formed, Gujarati and Parsi traders often traded shares mutually at
the junction of Rampart row and Meadows street.
Did You Know?
Source:Wikipedia
ISMJ |August 2019| 5
11. What Was Article 370?
Article 370 gave Jammu and Kashmir
its own constitution and decision
making rights for all matters barring
defence, communications, and foreign
affairs. The removal of Article 370
ends Jammu and Kashmir’s special
status,
which was the said key to its
accession to India in 1947. Article 370
made it necessary for the center to get
the state legislature’s approval for
introducing any policy or constitutional
powers to the state.
How Did the Government Scrap It?
The Presidential order first gave the authority of legislative assembly to the
Governer, and then changed the constituent assembly to mean legislative
assembly. This, in turn, means that the president could have issued the order
upon a recommendation by the Governor.
The Presidential order bought about the changes in the text of the constitution to
imply that henceforth that all the provisions of the constitution shall now apply to
Jammu and Kashmir as well.
How Will It Work?
Jammu and Kashmir consist of two union territory, Laddakh, and Kashmir. Making
the announcement of the bifurcation of Jammu and Kashmir in Rajya Sabha. Union
Home Minister Amit Shah said the Union Territory in Ladakh will have no
legislature like Chandigarh, while the other union territory of Jammu and Kashmir
will have a legislature like Delhi and Puducherry.
PAGE 7
12. ARTICLE
370
S c r a p p i n g
BEFORE NOW
Special Power
Exercised by J&K
Dual Citizenship
No Special Power
Single Citizenship
Seperate Flag Tricolor as flag
State In Charge of
Policing
Centre will
supervise Policing
Article 360 (Financial
Emergency) Not
Applicable
Article 360 (Financial
Emergency)
Applicable
Indian Citizens fom
other states cannot
buy land and property
in J&K
Indian Citizens fom
other states can buy
land and property in
J&K
RTI Not Applicable RTI Applicable
State Assembly for
6 Years
State Assembly for
5 Years
ISMJ |August 2019| 8
13. Building A Stronger Nation
This step taken by Prime Minister Narendra Modi and Minister of Home
Affairs Amit Shah was really bold, appreciating and much needed. The whole
country is very happy as the revocation of Article 370 of the Constitution of India
has given us hopes with resolving most of the Jammu Kashmir issues and terrors.
The remarkable move by the ruling party government is for the sake of the nation
only. This is the first time when any minister has taken a really bold step without
worrying about his own and his party’s vote bank, just for the betterment of India.
The opposition parties should also come up and support this step.
PAGE 09
Let’s build a stronger nation together!!
14. WHO REALLY IS
RESPONSIBLE?
CCD Founder’s Suicide Case
A U G U S T 2 0 1 9 | I S M J
The internet is flooded with the news of
coffee chain enterprises, Cafe Coffee
Day’s owner’s suicide and his last letter
to his employees. But if we think
thoroughly about this, the situation is
alarming and it points to the fragile
world the wealthiest of individuals live
in. The news and the letter say that he
was facing the income tax overdue
regarding the sale of shares in an IT
firm Mindtree.
Though many people will say that the
inherent need to stay on top of their
game, despite the high risks involved,
makes the job extremely high pressure,
and sometimes perilous, still we think,
the story has a different angle as well.
We agree that Entrepreneurship and
leadership, turns out, has a psychological
cost, but the question here is, who’s fault
was it?
ISMJ |August 2019| 10
15. Being a gentleman, Siddhartha took the blame
of everything, his losses, and the suicide on
himself through his last letter, but was he really
solely responsible? This is worrisome.
Let us first talk about his actual position in the
market. Siddhartha wanted his nationwide
coffee chain, CCD, to serve coffee and snacks
to common citizens at reasonable prices. In
fact, we can say that CCD is the outlet that has
brought the concept of cafes in India. He
planned to use the money raised from selling
his stake in Mindtree to L&T to expand his
coffee business. His family has been in the
coffee business, including growing coffee
beans in northern Chikamagalur district.
Was he really solely responsible?
PAGE 11
OVERVIEW:
If we go by the news and the
letter say that he was facing
the income tax overdue
regarding the sale of shares
in an IT firm Mindtree.
Siddhartha took the blame of
everything, his losses, and
the suicide on himself
through his last letter.
CCD is the outlet that has
brought the concept of cafes
in India.
16. In his last letter, Siddhartha has blamed
the pressure of private equity (PE)
investors. There are three PE investors in
the group—KKR, Rivendell PE (formerly
New Silk Route) and Affirma Capital which
manages the portfolio of Standard
Chartered PE. While KKR owned a 6.07%
stake, Rivendell and Affirma own around
10.61% and 5.67%, respectively, in Café
Coffee Day as on June 2019, data from
the stock exchanges show. Sources say
that he was finding a buyer for CCD and
now has raised money from the sale of a
stake in Mindtree.
L&T bought the stakes from Siddhartha
to gain a minimum of 51 per cent in
Mindtree, which would give the
infrastructure giant control over the IT
firm at a time when other Mindtree
promoters and founding members were
staunchly against the deal. Also, the
reports say that he was to earn a profit
of close to Rs 2,858 crores from the sale
of all his stake in Mindtree to L&T.
However, the Income Tax Department
attached a portion of shares held by him
in Mindtree over a potential tax demand.
The attachment also ‘prohibited for
transfer or charge’ of 22.2 lakh equity
shares of Coffee Day Enterprises Ltd,
and 52.7 lakh shares held by
Siddhartha.
Siddhartha’s net worth was arguably more
than the debts and tax overdue the
business tycoon was struggling to repay.
But it was said that there were signs of
distress. The CCD owner had reportedly
been selling assets to cut down debt and
cover potential tax liabilities. Siddhartha
also tipped Mindtree Limited into a bitter
acquisition battle after the coffee giant sold
his 21 percent stake in the Bengaluru-
based IT firm to infrastructure major
Larsen and Toubro (L&T).
Meanwhile, CCD was also in talks with
soft drink giant Coca Cola to gain equity
by the sale of shares, although he
intended to keep the controlling stakes
with himself. The deal, which was still in
the negotiation phase, was mostly under
wraps. However, according to the police
sources, Siddhartha took the extreme
step after speaking to his company’s
Chief Financial Officer for 56 seconds.
That was his last known call. So it
impliedly applicable here that
Siddhartha’s financial issues were the
reason for his taking such extreme step.
It is noteworthy that the pressure he was
dealing with from quite some time was
such unbearable that ending up his own
life seemed to him was an easier option.
PAGE 12
17. The ease of doing
business index is
an index created
by Simeon
Djankov at the
World Bank Group.
Higher rankings (a
low numerical
value) indicate
better, usually
simpler,
regulations for
businesses and
stronger
protections of
property rights.
Empirical research
funded by the
World Bank to
justify their work
show that the
economic growth
impact of
improving these
regulations is
strong.
Here comes the concept of Ease of Doing
Business by the World Bank, that recently in
October 2018, release a list of countries
following the same.
Is Ease Of Doing Business Growing on
Paper Only?
Source: Wikipedia
What is ease of doing
business?
India has recorded a jump of 23 positions
against its rank of 100 in 2017 to be placed
now at 77th rank among 190 countries. India’s
leap of23 ranks in the Ease of Doing Business
ranking is significant considering that last year
India had improved its rank by 30 places, a
rare feat for any large and diverse country of
the size of India.
PAGE 13
But the question arises here is how Ease of
Doing Business in growing on papers when
such billionaire entrepreneurs are taking their
lives because of the so-called ‘taxtortion’?
18. In his last letter, Siddhartha has blamed
the pressure of private equity (PE)
investors. There are three PE investors in
the group—KKR, Rivendell PE (formerly
New Silk Route) and Affirma Capital
which manages the portfolio of Standard
Chartered PE. While KKR owned a
6.07% stake, Rivendell and Affirma own
around 10.61% and 5.67%, respectively,
in Café Coffee Day as on June 2019,
data from the stock exchanges show.
Sources say that he was finding a buyer
for CCD and now has raised money from
the sale of a stake in Mindtree.
In his last letter, Siddhartha has blamed
the pressure of private equity (PE)
investors. There are three PE investors in
the group—KKR, Rivendell PE (formerly
New Silk Route) and Affirma Capital
which manages the portfolio of Standard
Chartered PE. While KKR owned a 6.07%
stake, Rivendell and Affirma own around
10.61% and 5.67%, respectively, in Café
Coffee Day as on June 2019, data from
the stock exchanges show. Sources say
that he was finding a buyer for CCD and
now has raised money from the sale of a
stake in Mindtree.
PAGE 14
Source:Internet
19. And lastly, let us tell you CCD is not just
a common coffee chain in India, many
people have emotional attachments
with it as well. Established in the year
1993, CCD was a place that started the
trend of serving quality and variety of
coffee, snacks at a reasonable price.
People are having great memories with
it. Many of us have had the most
important meetings of their lives at
CCD. Some pitched their start-up ideas
there, some went on their first date at
CCD. Meanwhile, there are people who
sipped their first cappuccino there only.
CCD was always a sight soothing to
eyes after a
CCD gave employment to many. VG
Siddhartha was always an inspiration for
youth with a dream of startup and will
always be the same. “I’ve failed, sorry to
let you down,” he wrote in his letter. But
we think he has not failed, not by any
means, just the time was not right and he
gave up a bit sooner. If anybody from the
Income Tax department or any high
authority government official have
understood his problem and would have
helped him, his unfortunate demise could
be avoidable. May his soul rest in peace.
PAGE 15
long tiring day, and to catch up with
friends.
20. Tricks Of The Trade
World’s
Top Investors&
Investing Secrets
THEIR
ISMJ |August 2019| 16
21. As they say, different people
different perceptions, we can say
that different investor, different
investing perceptions as well.
They might have a difference of
opinion, but they do agree that
making money in the market
comes with a steadfast strategy
that is built around a set of rules. If
you are an investor, you should
recall for that moment of your
early days. Most of us have
jumped in with very little
knowledge of the markets.
value. If there would be only one
investing rule that to follow is to
not follow any rules, you're
probably disappointed with your
results so far.
Hence, if you are a mediocre
investor, who is investing since a
few time, not very old, but not a
beginner either, you need to
follow a set of rules to reach a
level that every investor dreams
of. If you don't have your own
carefully crafted suite of investing
rules, now is the time to do it, and
the best place to start is to ask the
people who have had success in
their investing careers. Let us
learn from the masters
themselves.
Continuing with the memories of
your initial days, remember when
you bought, you didn't even know
what a spread was, and you sold
either too early if you saw a profit
or too late if your stock dropped in
Here we have bought for you six investment
lessons from the investors who claim success in
the field of investment:
ISMJ |August 2019| 17
22. Dennis Gartman
"Be patient with winning trades; be enormously impatient
with losing trades. Remember it is quite possible to make
large sums of trading/investing if we are 'right' only 30% of
the time, as long as our losses are small and our profits
are large".
Dennis Gartman is the main man behind publishing The Gartman
Letter in 1987. The Gartman Letter is a daily commentary of global
capital markets that is delivered to hedge funds, brokerage firms,
mutual funds, and grain and trading firms around the world every
day. Most importantly, he is an accomplished trader and a frequent
guest on financial networks.
The rule to be followed by following the footprints of Gartman is
first, do not sell at the first sign of profits; let winning trades run.
Second, do not let a losing trade getaway. Investors who make
money in the markets are okay with losing a little bit of money on
trade but they're not okay with losing a lot of money.
According to Gartman, one does not have to be right a majority of
the time, to let a winning trade run and get out of a losing trade
quickly is most important. Following this rule may lead the money
you make on the winning trades will far outpace the losing trades.
ISMJ |August 2019| 18
23. "It's far better to buy a wonderful company at a fair price
than a fair company at a wonderful price”.
Widely considered as one of the most successful investors in
history, Buffet not only is one of the richest men in the world, but he
also has had the financial ear of numerous presidents and world
leaders. It is a very famous saying about him that ‘when Buffett
talks, world markets move based on his words’.
Additionally, one of the hidden talents of Warren Buffet is that he
also is a prolific teacher. His world-famous yearly letter to investors
in his company, Berkshire Hathaway, is used in college finance
classes in the largest and most prestigious universities.
So, then rule that Buffet’s style asks you to follow are two, first is
when evaluating a company, look at the quality of the company.
This requires that you understand balance sheets, listen to
conference calls and have confidence in the management.
Second, only after you have confidence in the quality of the
company should the price be evaluated.
Warren Buffett
PAGE 19
US$ 82 Billion
Net Worth
24. "Do you really like a particular stock? Put 10% or so of
your portfolio on it. Make the idea count. Good
[investment] ideas should not be diversified away into
meaningless oblivion".
One of the co-founders of PIMCO, and managed the PIMCO Total
Return Fund, Bill Gross’ company is one of the largest bond funds
in the world.
To be followed Gross rule talks about portfolio management. The
universal rule for young investors is diversification, i.e., not putting
all of your investing capital into one name.
Although diversification is a good rule of thumb, it can also diminish
your profits when one of your picks makes a big move while other
names don't. Making money in the market also requires taking
chances based on exhaustive research.
Bill Gross
It is advised that to always keep some cash in your account for
those opportunities that need a little more capital and don't be
afraid to act when you believe that your research is pointing to a
real winner.
ISMJ |August 2019| 20
US$ 2.5 Billion
Net Worth
25. "We're getting hurt, but I'm a long-term investor".
Well known in the investing world, Prince Alwaleed Bin Talal has
so much to learn from. A successful investor from Saudi Arabia,
Prince Talal founded the Kingdom Holding Company. But, in his
initial years, things were not as smooth as it is now.
Prior to the Great Recession, he owned a 14.9% stake in Citigroup
at a price much higher than its post-recession price. In addition to
that, his real estate investments in India lost considerable value
after the 2009 recession.
But one of the smartest decision he made was when others sold,
Prince Talal did what many of the best investors do to amass their
riches: hold their investments for a long period of time, taking large
market events out of the picture and collecting a dividend while
they wait. It's okay to trade stocks on a short- or medium-term.
PAGE 21
Prince Talal
US$ 18.7 Billion
Net Worth
26. "I am convinced that all this poverty in Mexico and in Latin
America like it's happening in China is the opportunity to
grow. It's an opportunity for investment".
Another of the richest man in the world, Carlos Slim, owns
hundreds of companies and has an employee base of more than
250,000.
To follow Slim’s footstep, one thing is that the best investors do not
look at what's happening now. By studying the momentum of a
company or an entire economy and how it interacts with its
competitors, great investors invest now for what will happen later.
They are always forward-thinking ones.
Carlos Slim
So, these were the rules to be followed and learned by each
of the investors. It is better to become a student of these
investors and learn from their experiences. All great investors
are known for being students and leaders of the markets at
the same time. Start your investment portfolio by being a
good student and coming out as a great leader.
Happy Investing!
ISMJ |August 2019| 22
US$ 63.1 Billion
Net Worth
27. STOCK MARKET OUTLOOK
FOR JULY 2019
It was a big
surprise for the
market and on
the next
trading
session, we saw
a positive 4%
rally in the
market
ISMJ| August 2019| 23
STOCK MARKET OUTLOOK
FOR SEPTEMBER 2019
STOCK MARKET OUTLOOK
FOR JULY 2019
August month has been very
volatile for Equity, Currency and
Commodity markets. Nifty as on
29th august 2019, the closing
was flat in comparison to the
previous month closing, but it
has seen lots of volatility and has
made a low of 10637. However,
it bounced back above 11000
due to positive government
announcement.
USD/INR also made
multi-month highs and is
trading above 72 level
marks(on the day of
writing this article).
Similarly for GOLD
which trading above
39000 at the time of
writing and touched life
highs on MCX. So
overall it was quite a
bad month for the Equity
market.
28. At present Nifty trading nearer to
11000 marks and we believe that
10600 level is short term bottom
for the market. Now the problem
is that domestic cues are not
turning positive but Global
market is showing big volatility
with fear of recession, trade as
well as a currency war. So going
forward, nifty is likely to remain
volatile with buy on strategy will
work out very well until nifty hold
level of 10600.
ISMJ| July 2019| 24
As seen in the chart below,
Nifty has seen trend line
resistance at 11142-11150
five times and retraced from
those levels. It never closed
above that level. So once
Nifty closes above 11150,
we can see another rally up
to 11240 where 200EMA is
present and then 11440
levels where another trend
line resistance comes as
shown in the chart below.
29. If Nifty closes above
11150, we can see
another rally up to
11240
Now after looking at detail
chart study, we can surely
say that we won't get any
big negative news from the
global market, Nifty
probably made bottom at
the level of 10630 which is
a low made a few days
earlier.
ISMJ |August 2019| 25
If Bank Nifty closes above 28500 then it will
surely bounce back up to 29000 and then
29500 levels where it will face strong
resistance. For Bank Nifty, too, we believe
that low has been made and if there is no
major negative news from the global market,
then buy on dips will be the correct strategy
for banknifty also.
How will Bank Nifty perform?
30. We are bullish on financial sectors. HDFC twins
and ICICI Bank is our prefer pick from this sector.
Stock Watch
PAGE 26
31. The recommendations made herein do not constitute
an offer to sell or a solicitation to buy any of the
securities mentioned. No representations can be made
that the recommendations contained herein will be
profitable or that they will not result in losses. Readers
using the information contained herein are solely
responsible for their actions. Information is obtained
from sources deemed to be reliable but is not
guaranteed as to accuracy and completeness.
Please Note
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ISMJ| July 2019| 27
PAGE 27
32. LIGHT FROM
MAKING WORLD DARK
AMAZON RAINFOREST
A U G U S T 2 0 1 9 | I S M J
ISMJ |August 2019| 28
33. Over the past five years, Brazilian forests have
been burned down at a never-before-seen
rate. Between January and August 19, the
country registered an 83 per cent increase in
forest fires from the same period in 2018. The
fires in the world’s largest rain-forest have
sparked street protests around the planet.
Brazil made international headlines
after skies in its biggest city, São
Paulo, turned abnormally dark at 3
pm on Monday )August 19,
2019)afternoon. While largely
caused by thick low clouds and an
incoming cold front, there is the
suggestion the darkness was
compounded by travelling smoke
clouds from Brazil’s Amazon and
Center-West regions.
PAGE 29
Over the past five years, Brazilian
forests have been burned down at a
never-before-seen rate. Between
January and August 19, the country
registered an 83 per cent increase in
forest fires from the same period in
2018 with a total of 72,843
occurrences over the last eight
months, according to the National
Institute for Space Research (Inpe).
Not surprisingly, fires have occurred
more often in areas where
deforestation also increased
(ranches often set fires to clear the
areas that will be used for crops,
such as soybeans, or as pastures).
The Amazon Environmental
Research Study showed that the
municipalities with most registered
fires were also the ones which lost
the most vegetation: Apuí
(Amazonas), Altamira (Pará), Porto
Velho (Rondônia), and Caracaraí
(Roraima).
the National Institute for Space
Research (Inpe).Fires have also
increased in protected areas, with
68 blazes in indigenous territories
and conservation areas this week
alone.
34. The state of Mato Grosso, where
soybean, corn, and cotton crops are
the main source of revenue, saw the
most fires. The state is home to the
Chapada dos Guimarães National
Park, which has already lost 12 per
cent of its vegetation, and the Serra
do Ricardo Franco Park labelled a
word heritage site by UNESCO.
the resignation of former institute
director Ricardo Galvão. But now,
as evidence mounts, even Brazilian
President Jair Bolsonaro admits that
fires are on the rise.
But, true to his style, he protected
agricultural producers and
erroneously blamed environmental
NGOs for the problem. “There may
have been—and I’m not stating that
—criminal actions by these
organizations to draw attention
against me, against the Brazilian
government. We’ll do the impossible
to curb arson [in protected areas].”
What Government has to say ?
In recent weeks, the government
has faced heat after discrediting
deforestation data produced by Inpe
—a crisis which culminated with
PAGE 30
35. ISMJ |August 2019| 31
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36. About EquityPandit
EquityPandit is a leading research and advisory firm in India.
The firm is one of the biggest players with a dominant position
in both institutional and retail. The company specializes in the
business of analysis, information, and intelligence.
The business is supported by an efficient powerful research and
back office team. EquityPandit's set of diligent advisors helps its
customers plan and get more out of one's money. We offer a
diversified range of products according to the difference in the
Needs of an investor, trader or a broker.
The firm's philosophy is entirely client centric, with a clear focus
on providing long-term value addition to clients, while
maintaining the highest standards of excellence, ethics, and
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institutions all of which are supported by powerful research
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PAGE 32