Corporate WebsiteSEPTEMBER 2014Volume I | Issue 1
TRIVIA TRACK
Did you know?

The BSE traces its history back to the 1850s, when four Gujarati and one Parsi stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times, as the number of brokers increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'.

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MESSAGE FROM THE MANAGING DIRECTOR
With an absolute majority after more than a decade, the new government’s three-pronged agenda of growth, globalisation and governance is set to rekindle economic growth.
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PINC INSIGHTS
Sector Analysis – Indian Road Sector

At 4.7 million kilometres, India’s road network is the second largest in the world after the US. However, the road sector in India, which is one of the most vital sectors of the economy is one that has been fraught with issues pertaining to land acquisition, severe competition and poor traffic growth. Following an abysmal performance over the last two years, the Indian road sector is expected to recover with the new government’s thrust on infrastructure development, increased investment and progressive policy measures.

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TREND WATCH
Uber – Disrupting Conveyance

When you are in a hurry to attend an all-important business meeting, what would you prefer – standing in the rain for a cab or using your smartphone to connect to achauffeur-driven car that arrives at your doorstep within 10 minutes?

For the smartphone generation, convenience is the keyword and cashing on it is the technology startup Uber. This barely five-year-old San Francisco-based company has redefined the cab business across the world without owning cabs...

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FROM THE LAWMAKERS
Demystifying FATCA

US citizens as well as residents of US are taxed on their worldwide income. In order to avoid taxes, they make offshore investments in non-US entities which escape the US tax regulatory authority IRS (Internal Revenue Service) oversight. In order to put an end to such tax evasion practices, the US Congress has implemented a Foreign Account Tax Compliance Act (FATCA) that not just impacts individual taxpayers but also financial and non-financial institutions across the world.

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NEWS HIGHLIGHTS
Key M&A Deals
August 26, 2014
KPO firm Evalueserve acquires German business intelligence company Beyond Data
 
Key PE Deals
August 29, 2014
Apax Partners ups bet on Cholamandalam Investment
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TRIVIA TRACK

The BSE traces its history back to the 1850s, when four Gujarati and one Parsi stockbroker would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times, as the number of brokers increased. The group eventually moved to Dalal Street in 1874 and in 1875 became an official organization known as 'The Native Share & Stock Brokers Association'. Read more>>