FROM EDITOR’S DESK Dear Reader,
Niveshak Volume X ISSUE VIII AUGUST 2017 Faculty Chairman
Prof. P. Saravanan
THE TEAM Akshay Kaushal Anand Mittal Arjun Bhargava Dhruvika Chawalla Girraj Goyal Pratibha Sapra Sankeerth Bondugula Saurabh Gupta Vinay Gundecha Aayushi Garg Abhishek Soni Arpit Murarka Bhushan Bavishkar Mahesh M Priyanshu Gupta Samprit Shah Sheahav Doshi Sriya Gupta
All images, design and artwork are copyright of IIM Shillong Finance Club
Driven by excellence and a fervor to enrich our readers with carefully crafted content pertaining to the world of finance, we are at the cusp of completing 9 years of our journey. At this juncture, we feel immense pride in unveiling the 9th anniversary issue of our magazine. The past month was fuelled by a number proclamation from multiple controlling bodies. The Reserve Bank of India decided to cut the key policy rates aiming to regulate inflation. The central bank also announced the dividend payout that would be given to the government, it has halved compared to the previous year. Also, the government released the second volume of the economic survey which cleared the air surrounding the impact of GST and the rising protest from the farmers. Taking cognizance of their issues, the government decided to provide crop loans at a subsidized rate of 7% and a host of other additional benefits. BSE decided to delist 200 companies, and NSE took a landmark decision to make changes in the Nifty 50 index. Softbank announced an investment to the tune of $2.5 billion in the e-commerce space reaffirming their faith in Flipkart. The cover story digs deep within the clandestine layers of the ‘Infosys fiasco’. An issue that has been a bone of contention for more than a year finally concluded this month with the Infosys CEO Vishal Sikka quitting the firm, blaming the constant and slanderous attacks from the founders. The incident came at a time when the industry is reeling from the automation wave that is making it impossible to generate value from labour arbitrage. The company is in dire need of strong leadership and clear vision. Irrespective of whether you fall in the league of Sikka’s sympathizers or Murthy’s moral police group, there is a clear understanding that tough times lay before Infosys. The FinFame section throws light on Mr. Urjit Patel and his ideology, including his strategies to tackle the major issues concerning the public-sector banks. It also discusses about the pivotal role he played in stemming the growth of inflation all the while maintaining positive outlook for the Indian economy. For FinView, we present the insights by Mr. Sumit Agrawal, founder partner at Suvan Law Advisors and former Legal advisor at SEBI. The topic for ‘Celebratio’ was ‘Global Industry Analysis’. The segment touches upon the two vital organs of Indian industry, the Pharma and the Steel sector, from the global perspective. With this anniversary issue, we plan to dive into a new world of creative comparison in the section ‘Juxtapose’. In the end, we are thankful to our readers who have constantly supported us & have been a never ending source of motivation for us. With your love and support we assure you of bringing insightful stories in upcoming editions and make your reading worth while. Stay Invested, Team Niveshak
Disclaimer: The views presented are the opinion/work of the individual author and the Finance Club of IIM Shillong bears no responsibility whatsoever.