The Rupee’s as you know has its historic low – 58.84. Exporters see this as an opportunity to make India the world export powerhouse by de-bottle-necking manufacturing infrastructure. Were as the weaker currency makes imports costlier, especially of foreign oil on which India heavily relies, and will stoke already high consumer inflation.
New Delhi is attempting to ease corporate concerns, saying it will take measures to curb the widening current account deficit as imports outpace exports.
Let’s try to explore the reason behind the free fall:
1) Dollar Trading at 3 Year High : USD is trading at 3 year high at 84.3, US stock market are at life time high, Strength in USD indicating recovery in US economy. Housing market is recovering. Job situation is improving which makes market participants believe the US fed will be tapping the QE infinity. View full article »
India produces the maximum no. of MBA’s in the world, graduate students finds it an attractive opportunity and wants to join the bandwagon which has been sold through the expensive coaching’s like TIME, Career launcher, PT, PF and so on . But paying huge amount of coaching fees doesn’t guarantee your place in the IIMs or in Tier 1 B schools. Every year the CAT, XAT, SNAP, MAT takers are raising but vice-versa the good B schools intake capacity is not proportional to the candidates.
This led a good opportunity for many of the (Master-Mind) punters to have their own colleges. Few of colleges not AICTE approved have proved themselves by quoting the best placements in the country with very high proficient level of standards. But there are colleges which are like a charlatan fooling the students (even the AICTE approved ones) by charging a huge amount of fees. This culture is well versed in the metros. View full article »
This is the most event full day in the country,continuing from my last post the India Budget 2013 , the expectations are high because the world biggest democracy has more challenges on every front be it from the basic amenities like toilets. India has more cell phones than toilets .
Yesterday the Economic survey 2013 came out and Economic Survey indicates : India lost 10% share in global BPO mkt to China,Brazil in 5 years .
As said by Raghuram Rajan – The Chief Economic Adviser of India we stand on cross roads were we need to develop a clear strategy for continued inclusive growth.
We are batting on a sticky wicket, but betting… View full article »
Recently India has become the land of multiple scams and in world media because of its bureaucratic approaches. But I will focus on few famous financial scams that where directly linked to financial markets featuring :
- Manipulation in share prices.
- Monopoly in dealing with a huge number of shares of a company.
- Money laundering-borrowing money to trade in securities but using the funds for unconnected purposes.
Harshad Mehta Scam Year 1992
The scam was in essence a diversion of funds from the banking View full article »
A day back, Where Oil companies announced a small hike of 50paisa liter on Diesel prices, Our Indian government, tried to balance it down by raising the supply of subsidized cooking gas to 9 cylinders/year on the older 6 cylinders/year. This could be a push to boost the Indian economy with business-friendly steps “BUT, is it really so?” This question came to me with the release of a statement made by our oil Minister M Veerappa Moily. He said “We have given some liberty to oil marketing companies to raise diesel prices in small dozes. They are authorized to make small price correction from time to time.” View full article »
Wealth creation over the years has changed its avenues and area of interest for the investors in India. The prototype investment where the post offices and typically the scheduled banks through savings and fixed deposits have changed and with the awareness of finance, Mutual fund has become an excellent route to create wealth for the public at large.
“Mutual fund is a pool of money is invested in accordance with the common objective stated before the investment to the investors.”
Here is the concept of View full article »
Beating market all the times is an impossible task, although many people beat the market on daily basis but the same person can’t beat the market at all times. Even the czars like Benjamin Graham and Warren Buffet did not able to do so. Looking at today’s scenario the Indian Sensex might be breaching 20,000 level and may go on to breach 30,000 level as well …
There are number of companies whose valuations are way below there issue price, this type of condition View full article »
Was going through a very balanced article by Satyajit Das, former banker and the author of Extreme Money: The Masters of the Universe and the Cult of Risk (2011)..where he tried to balance gold in the several parts ..
- The Return of Gold…
- Means to a Golden End…
- Golden Brown Bottoms…
- Back to the Future…
- Golden Deaths… View full article »
The Mint a financial newspaper from India reported that the Inflows from foreign institutional investors (FIIs), the main driver of Indian equities, topped $20 billion (around Rs.1.1 trillion today) in the first 11 months of the calendar year—the second highest since 1993, when India opened the doors to this class of investors. So India is attracting more FII than the FDI’s let’s try to go through some basic and try to find the difference in both of them,