Forum Views - Nov 2024
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BOMBAY STOCK EXCHANGE BROKERS' FORUM (BBF) | MUMBAI, INDIA
NOVEMBER 2024 | VOLUME: 13 • ISSUE NO. 8 •
INSIDE READING:
Ensuring compliance and
sustainability: A guide for Indian
stock brokers
Soft vs. hard credit checks:
Impact on your credit
How corporates can leverage PR
effectively?
Tourism: A bridge to peace
Diwali: Embracing the light of
knowledge, community, and
goodness
GLIMPSE:
Celebration of the 1st anniversary
of the Brokers’ Industry Standards
Forum (ISF) at NSE
COVERAGE:
BBF's 5th Edition of the 'India
Investor Show' for World Investor
Week 2024, under SEBI's aegis
HIGHLIGHTS:
Panel Discussion on Regulatory
Directions for Stockbrokers/ DPs
- Change the only constant,
Followed by BBF Diwali Dinner &
Annual Get-Together 2024
OSCAR MARTINS
Capital Markets
- Risks that Matter
GAURAV MOHAN
Future of Finance
- Growth Strategies in
the Shifting Landscapes
ANJANA MAHNA
DUBAI -
The Billionaire Magnet
KAVITA KURUP
Evolution of
People Practices
SOWMYA KESHAVA
Cross-Border Acceleration
for Global Business Growth
DR. CHYTRA ANAND
Optimal Skin, Hair &
Wellness in a Busy Lifestyle
FORUM VIEWS - NOVEMBER 2024
EXECUTIVE COMMITTEE
GOVERNING BOARD MEMBERS
BOMBAY STOCK EXCHANGE BROKERS’ FORUM (BBF)
GOVERNING BOARD 2024 - 25
FORUM VIEWS - NOVEMBER 2024
ANUP GUPTA
Chairman | BBF
Sykes & Ray
Equities India Ltd.
VIRENDER MANSUKHANI
Jt. Secretary | BBF
Mansukh Securities
and Finance Ltd.
RAJIV CHOKSEY
Treasurer | BBF
KR Choksey Shares
& Securities Pvt. Ltd.
ANURAG BANSAL
Vice Chairman | BBF
SMC Global
Securities Ltd.
HEMANT MAJETHIA
Secretary | BBF
Ventura
Securities Ltd.
Ajit Sanghvi
MSS Securities
Pvt. Ltd.
Cyrus Khambata
Paytm
Money Ltd.
Ashish Rathi
HDFC
Securities Ltd.
Kamlesh Jhaveri
Jhaveri
Securities Ltd.
Ketan Marwadi
Marwadi Shares
& Finance Ltd.
Rajiv Kejriwal
SBICAP
Securities Ltd.
Neeraj Choksi
NJ India
Invest Pvt. Ltd.
Dr. Pravin Bathe
Angel
One Ltd.
Kranthi Bathini
WealthMills
Securities Pvt. Ltd.
Vivek Gupta
GEPL Capital
Pvt. Ltd.
Tejas Khoday
Fyers Securities
Pvt. Ltd.
Saurabh Jain
SSJ Finance &
Securities Pvt. Ltd.
S. P. Toshniwal
Sunlight
Broking LLP
Roopkishor Bhootra
Anand Rathi Shares &
Stock Brokers Ltd.
Shripal Shah
Kotak
Securities Ltd.
Ajay Kejriwal
Choice Equity
Broking Pvt. Ltd.
Binkle R. Oza
Sharekhan
Ltd.
BBF FORMER CHAIRMEN
(currently serving on the BBF Governing Board)
Kishor Kansagra
Pragya Securities
Pvt. Ltd.
Lalit Mundra
Suresh Rathi
Securities Pvt. Ltd.
Uttam Bagri
BCB Brokerage
Pvt. Ltd.
Disclaimer: This magazine is meant for information purposes only and does not constitute any opinion or guidelines or recommendation on any course of action to be followed by the reader(s). It is not intended to be used as trading or
investment advice by anybody and should not in any way be treated as a recommendation. The information contained in this magazine does not constitute or form part of and should not be construed as, any offer for purchase or sale of
any product or service. While the information in the magazine has been compiled from sources believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics, links or other items are
provided without warranties of any kind. Bombay Stock Exchange Brokers' Forum (BBF) expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or fitness for any particular purpose, of
this magazine. Bombay Stock Exchange Brokers' Forum (BBF) shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data contained in this magazine.
Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of this magazine or any part thereof without prior consent of Bombay Stock Exchange Brokers' Forum (BBF) is prohibited.
Write to us: We would be happy to hear
from you! Do send in your suggestions,
feedback and comments via email to
forumviews@brokersforumofindia.com
Visit us: www.brokersforumofindia.com
FORUM VIEWS - NOVEMBER 2024
BBF Steering Committee
Anup Gupta (Chairman)
Anurag Bansal (Vice Chairman)
Hemant Majethia (Secretary)
Rajiv Choksey (Treasurer)
Virender Mansukhani (Jt. Secretary)
Concept, Production and Editorial: Dr. Vispi Rusi Bhathena, PhD (h.c.)
Publisher Name: Dr. V Aditya Srinivas | Nationality: Indian
Address: BSE Brokers Forum, 808-A, 8th floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400001. Maharashtra
Printer Name: Dr. V Aditya Srinivas | Nationality: Indian
Address: BSE Brokers Forum, 808-A, 8th floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400001. Maharashtra
Editor Name: Dr. V Aditya Srinivas | Nationality: Indian
Address: BSE Brokers Forum, 808-A, 8th floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400001. Maharashtra
Place of Publication: BSE Brokers Forum, 808-A, 8th floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400001.
Maharashtra
st
Printing press: Kshitij Printers, 49 Parsi Panchayat Rd., Ashok Ind. Est., 1 Floor, Andheri (E), Mumbai - 400069.
Maharashtra
Design & Layout: Harshad Gajera
24
Global
Insights
31
Your Questions
Answered
ENSURING COMPLIANCE AND SUSTAINABILITY:
A GUIDE FOR INDIAN STOCK BROKERS
TO CONSENT OR NOT: THAT IS THE QUESTION
CAPITAL MARKETS - RISKS THAT MATTER
FUTURE OF FINANCE - GROWTH STRATEGIES
IN THE SHIFTING LANDSCAPES
DUBAI: A GROWING HAVEN FOR
ULTRA-HIGH-NET-WORTH INVESTORS
08
BBF
Events
CELEBRATION OF THE 1ST ANNIVERSARY
OF THE BROKERS’ INDUSTRY STANDARDS
FORUM (ISF)
39 Feature
COMPLIANCE CALENDAR
49
Regulatory
Compliance
UNDERSTANDING SOFT VS. HARD CREDIT CHECKS:
HOW THEY IMPACT YOUR CREDITWORTHINESS
AND LOAN APPROVALS
DIWALI: A FESTIVAL OF LIGHTS
ACHIEVING OPTIMAL SKIN, HAIR, AND
WELLNESS AMIDST A BUSY LIFESTYLE
EVOLUTION OF PEOPLE PRACTICES: FROM PERSONNEL
MANAGEMENT TO STRATEGIC BUSINESS ENABLER
BUILDING BRIDGES THROUGH TOURISM:
STRATEGIES FOR A PEACEFUL FUTURE
LAND LAWS
Leadership,
Empowerment
& Lifestyle
50
36 Insights
LEVERAGING CROSS-BORDER ACCELERATION
FOR GLOBAL BUSINESS GROWTH
BBF'S 5TH EDITION OF THE 'INDIA INVESTOR
SHOW' FOR WORLD INVESTOR WEEK 2024,
UNDER SEBI'S AEGIS
PANEL DISCUSSION ON REGULATORY
DIRECTIONS FOR STOCKBROKERS/ DPS
- CHANGE THE ONLY CONSTANT,
FOLLOWED BY BBF DIWALI DINNER &
ANNUAL GET-TOGETHER 2024
Follow us on:
/bbfindia
/bbfindia
/bbfindia
@bbfindia
FORUM VIEWS - NOVEMBER 2024
Dear Readers,
Welcome to the November 2024 edition, where we delve into the evolving landscapes of finance, markets, and
global business.
In this edition, we provide a compelling overview of the global trends, challenges, and opportunities shaping our
future. Featured topics include "Capital Markets - Risks that Matter," "Future of Finance - Growth Strategies in
Shifting Landscapes," and "Dubai: A Haven for Ultra-Rich Investors." We also explore transformative shifts in
"Evolving People Practices" and "Cross-Border Acceleration for Global Growth," focusing on workplace innovation
and global expansion. Practical insights cover "Ensuring Compliance and Sustainability for Indian Stock Brokers,"
the impact of "Soft vs. Hard Credit Checks," and how corporations can "Leverage PR Effectively.” On the personal
front, "Optimal Skin, Hair & Wellness in a Busy Lifestyle" offers wellness tips, while "Diwali: Embracing the Light of
Knowledge, Community, and Goodness" celebrates the deeper meanings of the festival.
This edition also highlights the September 18, 2024, celebration of the first anniversary of the Brokers Industry
Standards Forum (ISF) at the NSE, marking a significant milestone. Further coverage includes the BBF's 5th Edition
of the 'India Investor Show' on October 15, part of the global World Investor Week 2024, under the esteemed aegis
of SEBI. On October 18, the event will feature a Panel Discussion on Regulatory Directions for Stockbrokers, where
industry leaders and regulatory authorities will explore the dynamic landscape of stockbroking regulations and their
implications for market participants. The celebrations will conclude with a delightful Diwali Dinner & Annual Get-
Together 2024, offering a wonderful opportunity for networking and reflection on the past year's achievements as
we set our sights on future endeavours.
On the Economy and Indian Capital Markets: The Indian stock markets have faced a significant decline due to the
ongoing conflict in the Middle East, with markets hitting a five-month low. Foreign Institutional Investors have sold
over ₹48,000 crore in October 2024, while Mutual Funds have invested only ₹15,600 crore, with some funds shifting
towards the Chinese stock market. This has created panic among retail investors as their portfolio values have
dropped sharply.
China's aggressive measures to revive its economy are attracting foreign interest. Global brokerage CLSA has
increased its exposure to China while reducing its stake in Indian equities, now allocating 5% overweight to China
and cutting India's allocation from 20% to 10%. China's anticipated cut of its bank reserve rate by 50 basis points and
potential stimulus package come as its GDP falls to 4.5%.
On a positive note, India's GST collection for September 2024 was ₹1.73 lakh crore, a 6.5% increase from last year,
indicating a resilient domestic economy. The RBI has maintained the repo rate at 6.5%, citing concerns over inflation
due to geopolitical tensions and weather-related issues.
We hope this edition provides valuable insights into key developments impacting our world. Enjoy reading, and we
welcome your feedback!
FROM THE BBF SECRETARIAT
FORUM VIEWS, NOVEMBER 2024 edition
From
to You...
BBF
FORUM VIEWS - NOVEMBER 2024
Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Consultant
BBF Team's Rangoli: Celebrating Culture, Crafting Unity
As the festival of lights brightens our
homes, may it illuminate your path to
prosperity and success. Wishing you a
Diwali filled with peace, joy, and the
promise of new opportunities.
FORUM VIEWS - NOVEMBER 2024
FORUM VIEWS - NOVEMBER 2024
ST
HIGHLIGHTS: CELEBRATING THE 1 ANNIVERSARY OF
THE BROKERS’ INDUSTRY STANDARDS FORUM (ISF),
VENUE: NSE, SEPTEMBER 18, 2024
FORUM VIEWS - NOVEMBER 2024
ST
HIGHLIGHTS: CELEBRATING THE 1 ANNIVERSARY OF
THE BROKERS’ INDUSTRY STANDARDS FORUM (ISF),
VENUE: NSE, SEPTEMBER 18, 2024
10
FORUM VIEWS - NOVEMBER 2024
ST
HIGHLIGHTS: CELEBRATING THE 1 ANNIVERSARY OF
THE BROKERS’ INDUSTRY STANDARDS FORUM (ISF),
VENUE: NSE, SEPTEMBER 18, 2024
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