The World This Week - 20th to 24th June, 2016

The World This Week - 20th to 24th June, 2016 from Karvy Private Wealth

The World This Week: July 8 - July 13, 2013

The World This Week July 8 - July 13, 2013 from Karvy Private Wealth

RBI Monetary Policy Review June 2013

RBI Monetary Policy Review June 2013 from Karvy Private Wealth

A close look at the future of Indian economy

United Nations, Economic and Social Survey of Asia and the Pacific (ESCAP) report outlines defining factors that project growth and stability of Indian economy and surrounding regions in the Asia-Pacific.For India, ESCAP puts forward a positive outlook for increased GDP growth in 2012 as compared to 2011.

Inflation remains one of the key things to watch out for in 2012. Until recently RBI has increased raise policy rates 13 times in 19 months. For the first time in many months, the policy rate was reduced by50 basis points, hinting towards an easing monetary policy. As the government and RBI loosen their death grip over monetary and fiscal policies, ESCAP has a positive outlook for growth in 2012.

On the brighter side, despite tighter monetary policies that directly impacted personal consumption and demand, GDP grew by 6.9% in 2011. The ESCAP survey talks about reducing the impact of inflation on the poor by strengthening the government’s already existing policies to increase distribution of food items at subsidized prices.

Fiscal and budget deficit are challenges that India Inc will have to deal with rigorously. The government has already put targets in place to reduce budget deficits, however failed to achieve them for 2011 due to higher than expected expenditures.

The ESCAP survey acknowledges that the growth in trade deficit combined with depreciation of the rupee against the dollar have contributed to the slowdown in India in the last few years.
While all this does not happen overnight, India has taken massive strides in the field of solar energy. On the upside, more than 10 solar parks have been either completed or commissioned in various stages throughout India in the last 2 years.

The Indian government is currently promoting development and use of solar energy by moves such as reducing custom duties on solar PV panels, acknowledging investment in renewable energy projects and even giving subsidies of up to 70% for investments in solar PV plants in certain areas.

On an aggregate basis, inflation, soaring energy costs and poverty are dragging on the economy which grew 6.9% in 2011.

Energy shortage was also highlighted as possible deterrent to a fiscal surplus on which Kaushik Basu, Chief Economic Advisor to the Government of India, said "If the global prices are high for a product that is imported there is no way you can totally shelter the population. If you shelter it by holding that price completely constant, it appears that you are sheltering customer… but you are building on your fiscal deficit" The report talks about measures like reducing power theft, increasing exploration of oil and gas and developing renewable energy resources.

Source: ESCAP Survey

www.tradingeconomics.com

The World This Week - 6th August to 8th August, 2012

Economy and Realty at glance- June 2012

GDP at a nine year low of 6.5%, high inflation at 7.55%. Ironically, in the fight between taming inflation and propelling growth, we are losing out on both

- Revenues of top-25 realty companies declined 9.30% in Q4FY12, mainly on account of low sales off-take due to higher prices and higher mortgage rates.

- The Realty Index on Bombay Stock Exchange (BSE) has dropped by more than 26% during the last one year compared to a 10% fall in the Sensex during the last fiscal year. In order to bring back the enthusiasm of the investor community into the sector, real estate companies will have to focus on factors such as improving cash flow position, lowering inventory, reducing debt and increasing profit margins

- RBI in its mid quarter review of monetary policy in June reaffirms that cheap interest rate is a far-fetched expectation in the wake of high inflation rate

- During the March 2012 quarter, interest cost as a percentage to sales stood at 15% compared to only 8% reported during the March 2010 quarter

- Although international crude oil price has declined by 20% since the beginning of the last fiscal year, the price of domestic fuel has gone up because the depreciation in Indian currency against USD by 25% during the same period has made import of crude oil expensive

- The Indian Rupee has depreciated by 18%, 8% and 32% against the British Pound, Euro and Yen respectively. Hence, a stubbornly high inflation rate will defer a lower interest rate regime

We are very POSITIVE on India: Piaggio chairman

The economic squeeze may be getting tighter in the euro zone -- and more so in Italy apart from Greece and Spain -- with every passing day. But that has in no way deterred group Chairman and CEO of Piaggio Roberto Colaninno or affected his investment plans for India.

Replying to a query from Rediff.com, Colaninno said that while 50 per cent of the company's total investment outlay is meant for Italy, the remaining 50 per cent will be invested in markets across Asia that includes India and China.

He, however, did not clarify the size of Piaggio's total investment outlay and more particularly the quantum of that share the Italian company will invest in India.

"During our internal discussions we have delved on what kind of strategy we should have (for India)," Colaninno said without divulging any more details.

He said, "We are very positive about our investments in India."

He further added that the company has already initiated steps to double the capacity at Piaggio, Baramati, from 150,000 units per year to 300,000 units per year by mid-2013.

"I am very optimistic about our growth prospects in India," he said, emphasising the company's plans to bring in at least 20 million euros this year as investments in the Piaggio's Baramati plant that will manufacture the Vespa LX 125.

According to a press release issued by the company, the Indian subsidiary of Piaggio has already invested Rs 10 billion (Rs 1,000 crore) in India as of December 2011.

"The investment in Baramati is part of our strategic plan, which sees India as a significant destination in our growth trajectory," said the press release issued by the company.

Amazing innovators from Rural India!!!

As the Indian economy continues to progress with time, one cannot ignore the fact the rural India has always been the backbone of various sectors including food. Here’s an interesting insight into the lives of these five amazing innovators who have made a difference in the rural lifestyle, thereby helping it grow at a much faster rate.

1.Uddhab Bharali

Uddhab Bharali is a serial innovator who has designed and prototyped around 85 devices for different purposes.

He first developed the polythene-making machine in 1988. Some of his innovations include:
Pomegranate De-seeder: It separates the outer cover and thin inner membrane without damaging the seeds. It has a capacity of deseeding 50-55 kg of pomegranate fruits per hour. The machine has been exported to Turkey and the United States of America.
Arecanut Peeler: Annoyed by the injuries caused while peeling the areca nuts manually, he developed an areca nut peeling machine with a capacity of peeling 100-120 nuts per minute.
Cassava peeler: It is a portable electric machine that can process up to five kg of cassava per minute. NIF facilitated the technology licensing on non-exclusive basis to a Guwahati based entrepreneur. One unit has even been sold to a customer based in Kenya.

2.Bachubhai Savjibhai Thesia

Bachubhai is known as 'Khopadee' (brains) in this small township. To many he may appear a persistent explorer of crazy ideas, but his reputation as a serial innovator has spread far and wide.
Doing away with the steering wheel, Bachubhai (58), an inventor and innovator, has developed a lever operated farm machine capable of doing most agricultural operations.

3.Dhirajlal Virjibhai Thummar

Here’s a man who created a new wilt resistant groundnut variety when In 2004, he saw a complete crop failure as the whole field got infested with the stem rot disease resulting in wilting.
'Dhiraj 101', the new variety of groundnut, selected from the GG 20 variety is early maturing and is resistant to wilt due to stem rot. At 3,200-3,500 kg per hectare, the yield is also higher than that of the locally cultivated varieties (GG 20 & GG 2).

4.Pandharinath Sarjerao

A farmer from Maharashtra, Pandharinath Sarjerao More developed an affordable, semi-automatic transplanter for timely sowing of onion seedlingsThe task of transplanting onion seedlings manually is time consuming and labour intensive.
Pandharinath's onion transplanter is a tractor drawn semi-automatic unit. It can perform three functions at a time viz. transplanting the onion, applying the fertilizer and making the irrigation channels.

5.Mushtaq Ahmad Dar

Mushtaq Ahmad Dar (28), a young innovator from Kashmir, has developed a machine that can crack walnuts and peel the green ones.He has also made a portable climber that can be used to climb trees and poles. Presently, he is developing a machine for cracking almonds.
Looking at their achievement s we can surely say that innovations takes place in the mind of those who care to do things for others, the people with vision and passion to contribute something for the society.


Source: Rediff

The Richie Rich's of India!!!

India's rising stock market and a booming economy that's expanding by 8.5 per cent have boosted the net worth of India's richest people, according to the latest Forbes' India Rich List.The combined net worth of India's 100 richest people is $300 billion, up from $276 billion last year. This year, there are 69 billionaires on the India Rich List, 17 more than last year.

Mukesh Ambani, head of Reliance Industries, has topped the latest Forbes' India Rich List with a net worth of $27 billion, for the third consecutive time. Steel magnate Lakshmi Mittal, remains at No. 2 with a net worth of $26.1 billion. However both are less well off than they were a year ago.

The 100 richest Indians have a combined wealth of $300 billion, an all-time high and more than the combined GDPs of all the other nations in South Asia put together.

Let us take a look at the top 5 richest Indians:

1.Mukesh Ambani

Reliance Industries chairman Mukesh Ambani is the richest man in India with $27 billion in net worth. At $27 billion, Mukesh Ambani is as rich as Larry Ellison, the third richest American. Bill Gates at $54 billion is twice as rich as Ambani.

2.Lakshmi Mittal

Owner of ArcelorMittal, this business tycoon has stake in British soccer team QPR. Mittal is looking to invest in Brazil, India and West Asia. He owns 12-bedroom mansion in London's posh Kensington area.

3.Azim Premji

The software czar's company Wipro has done well over the last one year, recording a significant turnaround making Azim Premji the third richest Indian.

4.Shashi Ruia

The Ruia-owned Essar Group is looking for major expansions in all its businesses, including steel, oil and power. Essar Oil bought 50 per cent in Kenya Petroleum Refineries in July and is negotiating with Royal Dutch Shell to acquire three refineries. The Ruia’s stand at 4th rank.


5.Savitri Jindal

She is the non-executive chair of O P Jindal Group who took over the reigns of the steel and power conglomerate founded by her late husband Om Prakash in 1952.Shes in the 5th richest Indian.

Source: Rediff

Do you have what it takes be an entrepreneur?

The economic scenario in India is quite an attraction for the ‘budding entrepreneurs’. A lot of young professionals on the block are more and more inspired to start up their own ventures, to be kings of their own castles, so to say, to be their own boss.
Entrepreneur is not a designation, entrepreneur is a mentality. It’s the way you think, not the title that you own.

Here are three major questions you need to have answered in the positive to know whether there is an entrepreneur in you waiting to be found:

Are you self driven? An entrepreneur is so because he takes initiative, without which an enterprise does not come into existence. Do you go out and greet people, talk to them, discuss with them, motivate them, appreciate them on your own accord? An entrepreneur has skill with people. He has the charisma, confidence and control over his intentions and influence.

Are you pushy? An entrepreneur does not take no for an answer. He would ask again, wait around, and look for new ways of entry, until his work gets done. He would you not hesitate to ask for favours quite out of the expected or do things that normally people would pass off.

Do you take responsibility? It is easier to take risks but an entrepreneur takes responsibility. He owns up for his actions and takes full credit of the consequences of what he does. He is fully aware of his intentions and because he makes it clear, he takes full responsibility in creating results.

Source: Economic Times

Hearty Congratulations!!!

We are glad to announce the winner of India Wealth Report contest, Congratulations Mr.Vineet Parolia for being the first one to come up with the correct answer & Win a Free Comprehensive Financial Plan from Karvy Private Wealth.

We would like to tell everyone that we are going to have many more such contests in the coming days.


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Karvy Private Wealth
Get more out of life!

How India could be a superpower?

India is fast emerging as the next superpower. That is the thought that transpired at the two-day 37th National Management Convention held at the Oberoi Grand in Kolkata last week.
On the first day of the convention, eminent panelists spoke at length on India, the opportunities that it throws up and challenges that it poses.

Here are some important quotes by personalities that adorned the event, on how India could become an economic powerhouse.

1.Kamal Nath (Ministry of Road Transport and Highways)

According to the Mr.Kamal Nath, India should ensure that we have aesthetically pleasing roads and more importantly, roads that are safe. We just can't afford to take chances with human lives.


2.Nandan Nilekani, chairman, Unique Identification Database Authority of India

India is living an information technology age at the moment. India has achieved a significant lot over the past few years. Be it railway reservation, mobile connectivity and stock markets trading, IT has started ruling our lives and it is indeed an encouraging phenomenon.
According to Mr. Nandan the two most important aspects of making any IT or for that matter any other project successful is passion and enthusiasm.

3.Sanjiv Goenka, RPG group

This century is undoubtedly going to be India's century. India, as an economic power, has come a long way. To move from a single-digit growth to near double-digit growth isn't easy and India has achieved that rare feat. Indian markets are more developed now, its consumers more mature, discerning and sophisticated.

4.B. Muthuraman,Vice Chairman (Tata Steel)

If India has to meet its potential as one of the foremost nations of 21st century, then it must focus on getting its education and healthcare system right.
India has a lot of things going for it. Our economy is growing at fast pace, and we are pioneers in many sectors like IT. But, if we have to meet our true potential, we must get our education and healthcare system right. If these aspects are put into place then no one can stop us from being a super power.



Source: Rediff

Some people who changed how India conducts business!

Here is a list of people who in their unique way changed how India conducts business today. Some of them may not be a typical 'management guru', but without their acumen their companies would not be what they are today.

1.Manmohan Singh

He is the man behind India's economic reforms. In 1971, Singh joined the government as an economic advisor to the ministry of foreign trade.
Humble and self-deprecating to the core, Singh is known to underplay the achievements of his illustrious career.
He won the Euromoney finance minister of the year award in 1993 and the Asiamoney finance minister of the year award twice, in 1993 and 1994. He became the undisputed father of economic reforms in India.

2.Ratan Naval Tata

Ratan Tata is ranked 12th among the world's 50 best business thinkers. Chairman of Tata Sons, the holding company of the Tata Group has steered the company with diversified interests to scale new peaks.
He was recently ranked the most trusted name among businessmen in India in a list compiled by Reader's Digest.Ratan Tata was awarded the Padma Bhushan in 2000.

3.Vijay Govindarajan

Vijay Govindarajan is one of the world's leading experts on strategy and innovation. He is the Professor of International Business and the Founding Director of the Center for Global Leadership at the Tuck School of Business at Dartmouth College. Govindarajan has ranked among the top five most respected 'executive coach on strategy' by Forbes.

4.Vijay Mallya

Vijay Mallya took over as chairman of United Breweries Group in 1984. Since then, the group has grown into a multi-national conglomerate of over sixty companies.
He was the man who brought back the sword of Tipu Sultan to India and bought the belongings of Mahatma Gandhi in a New York auction.He established Mallya Hospital in Bengaluru, and helped to fund the Mallya Aditi International School, a private school in the city.

5.Shiv Khera

Shiv Khera's story is truly inspirational. Three decades ago, he used to wash cars and sell insurance policies in the United States. Today, he has a multi-million dollar empire.
Shiv Khera is the founder of Qualified Learning Systems Inc.
He has established himself as an educator, business consultant and a successful entrepreneur. He is one such Indian who motivates and encourages people to explore their true potential and succeed in whatever they do.

Source: Rediff

India would attract more FIIs to boost Infrastructure!

Taking a step forward to develop the government securities and corporate bond markets, the government on Thursday increased the Foreign Institutional investor limit for government securities to $10 billion from $5 billion, for corporate bonds the FII limit has been increased to $20 billion from $15 billion.

In addition, the government has raised the FII cap in bonds floated by companies engaged in the infrastructure business, which will provide much-needed funds for the crucial sector.

According to the Finance minister this move would help the flow of FII fund into debt Markets. It is also believed that increased FIIS in Debt securities would help investment in the infrastructure sector and the development of government securities and corporate bonds markets.

Also Foreign institutional investors have poured about $18 billion (Rs 81,880 crore) in India in stocks so far this year, their highest investment in dollar terms in a calendar year.FIIs' net purchase were worth $17.89 billion in this year till Friday, according to data available on the Securities and Exchange Board of India website.

Source: NDTV/Rediff
Photo: Topnews.in

What are Foreign Institutional Investors – FIIs?

The term is used most commonly in India to refer to outside companies investing in the financial markets of India.

International institutional investors must register with the Securities and Exchange Board of India to participate in the market. One of the major market regulations pertaining to FIIs involves placing limits on FII ownership in Indian companies.
What you must know about FIIs is that, owing to the much stable global markets, India has started experiencing robust inflows of FIIs recently.

Photo : Forum4finance

Free Comprehensive Financial Plan is just a few clicks away!!!

You will have to answer this question by studying the India Wealth Report:

Q: Out of the overall individual wealth in India what is the percentage of total Individual wealth that is invested in Direct Equity according to the India Wealth Report? (Click on this link -> India Wealth Report  to view the report)
 

Mail us your answer to privatewealth@karvy.com along with the following information:
•Name
•Email Id
•Contact Number
•City

The first correct answer would win a free Comprehensive Financial Plan from Karvy Private Wealth.

The winner would be announced today i.e 29th September 2010 at 7.00PM IST.

*Terms and Conditions:
1.The winner would be declared at the sole discretion of Karvy Private Wealth and would be contacted personally.
2.The medium of providing the free session would be discussed personally.

CV Raman - The Raman Effect

Sir Chandrasekhara Venkata Raman, (7 November 1888 – 21 November 1970) was an Indian physicist and Nobel laureate in physics recognized for his work on the molecular scattering of light and for the discovery of the Raman effect, which is named after him.

Raman had significant contributions to the quantum photon spin, acousto-optic effect, and acoustics of Indian musical instruments. His contribution to the world of physics has been remarkable and full of inspiration.

India Wealth Report releasing this 23rd September 2010

We at Karvy Private Wealth are extremely happy to announce the release of India Wealth Report unfolding the striking aspects of existing Wealth in India.

This report would not only take you through the unexplored trends about the existing wealth and its distribution but also how it is expected to grow manifold in the coming years. This report holds the key to your investment decisions, long term forecasts and the investments capabilities that would allow you to emerge as a winner!

Here’s your golden opportunity to Get more out of life!

You can Visit this www.facebook.com/karvywealth link to view the complete report on 23rd of September 2010.

Publish Post

USE gets a grand welcome!

The United Stock Exchange of India began operations on Monday, with the all-exclusive currency exchange getting to a great start with the Day 1 turnover faring better than market peers, the NSE and MCX.

As currency markets turn more and more volatile, exporters and importers have found themselves turning to currency futures to hedge their foreign exchange risk.

Over the past two years, the NSE and the MCX have seen volumes in currency futures surge, justifying the need for an all-exclusive currency futures exchange. The United Stock Exchange claims that based on Monday's trade, it commands a market share of 52 per cent.

A key challenge for the entire currency derivates markets however remains bringing the retail investor into its fold, whose comfort with hedging remains fairly muted even now.

Source: NDTV

The Undercover Economist - Economics of everyday life.

Ever wondered why the gap between rich and poor nations is so great, or why it’s difficult to get a foot on the property ladder, or why you can’t buy a decent second-hand car? This book offers the hidden story behind these and other forces that shape our day to day lives, often without our knowing it.

This books is an interesting read,aptly worthy of being called as the playful guide to the economics of everyday life.