Forum Views - July 2024
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BOMBAY STOCK EXCHANGE BROKERS' FORUM (BBF) | MUMBAI, INDIA
JULY 2024 | VOLUME: 13 • ISSUE NO. 4 •
INSIDE
Waste to Wardrobe: Fashion's Circular Shift
The Power of Networking - Growing with Connections
Water Not, Live Not: The Challenge that We Overlook
The Philosophy of Yoga
Enhance Your Life
with Affirmations
EVENT HIGHLIGHTS:
th
BBF presence at the 37 International Council of Securities Associations (ICSA)
AGM & Conference Frankfurt, Germany, 19 - 21 May 2024
Anooja
Bashir
Evolving Landscape
of Branding and
Marketing
Trivesh
D.
India's Gold Rush:
Tradition Meets
Investment
Divya
Momaya
Boardroom
Practices
Arun
Sharma
Borrower Rights
& Essentials
Reema
Mahajan
Empowering
Women
Entrepreneurs
Prof.
Dr. Dirk H.
Hartel
Public Transport:
Mumbai and
Stuttgart
FORUM VIEWS - JULY 2024
EXECUTIVE COMMITTEE
GOVERNING BOARD MEMBERS
BOMBAY STOCK EXCHANGE BROKERS’ FORUM (BBF)
GOVERNING BOARD 2023 - 24
FORUM VIEWS - JULY 2024
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.
Purav Fozdar
Axiom Share
Broking Pvt. Ltd.
Neeraj Choksi
NJ India
Invest Pvt. Ltd.
Parth Nyati
Swastika
Investmart Ltd.
Dr. Pravin Bathe
Angel
One Ltd.
Kranthi Bathini
WealthMills
Securities Pvt. Ltd.
Vivek Gupta
GEPL Capital
Pvt. Ltd.
Virender Mansukhani
Mansukh Securities
and Finance Ltd.
Uttam Bagri
BCB Brokerage
Pvt. Ltd.
Tejas Khoday
Fyers Securities
Pvt. Ltd.
KISHOR KANSAGRA
Chairman | BBF
Pragya
Securities Pvt. Ltd.
KUSHAL SHAH
Jt. Secretary | BBF
Ratnakar
Securities Pvt. Ltd.
RAJIV CHOKSEY
Treasurer | BBF
KR Choksey Shares
& Securities Pvt. Ltd.
ANURAG BANSAL
Vice Chairman | BBF
SMC Global
Securities Ltd.
NIRAV GANDHI
Secretary | BBF
JM Financial
Services Ltd.
Saurabh Jain
SSJ Finance &
Securities Pvt. Ltd.
S. P. Toshniwal
Sunlight
Broking LLP
Roopkishor Bhootra
Anand Rathi Shares &
Stock Brokers Ltd.
Santosh Jayaram
GROWW
Shripal Shah
Kotak
Securities Ltd.
Ajay Kejriwal
Choice Equity
Broking 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.
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FORUM VIEWS - JULY 2024
BBF Steering Committee
Kishor Kansagra (Chairman)
Anurag Bansal (Vice Chairman)
Nirav Gandhi (Secretary)
Rajiv Choksey (Treasurer)
Kushal Shah (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
18
Your
Questions
Answered
Q & A ON BOARDROOM PRACTICES
20 Insights
KNOW YOUR RIGHTS & WHAT YOU
NEED TO KNOW AS A BORROWER
22 Feature
COMPLIANCE CALENDAR
34
Regulatory
Compliance
THE EVER-EVOLVING LANDSCAPE OF
BRANDING AND MARKETING
11
Global
Insights
EMPOWERING WOMEN
ENTREPRENEURS: THE ROLE OF ONLINE
COMMUNITIES IN BUSINESS GROWTH
COMPARISON OF SELECTED MODES
OF PUBLIC PASSENGER
TRANSPORTATION IN THE TWIN CITIES
OF MUMBAI AND STUTTGART
ENHANCE YOUR LIFE WITH AFFIRMATIONS
Leadership,
Empowerment & Lifestyle
35
INDIA'S GOLD RUSH, WHERE TRADITION
MEETS MODERN INVESTMENT
FROM WASTE TO WARDROBE:
RETHINKING FASHION CIRCULAR SHIFT
THE POWER OF NETWORKING -
GROWING WITH CONNECTIONS
WATER NOT, LIVE NOT:
THE CHALLENGE THAT WE OVERLOOK
EXPLORING THE DEEPER DIMENSIONS:
THE PHILOSOPHY OF YOGA
06
BBF
Events
TH
BBF PRESENCE AT THE 37 ICSA AGM
& CONFERENCE, FRANKFURT
Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Chief Operating Officer
and Chief Economist
The Indian economy appears to be standing on a solid foundation, with several macroeconomic
indicators showing promising performances across various fronts. One noteworthy aspect is the
consistent and robust GST collection, surpassing Rs. 1.5 lakh crore consistently, indicative of a
significant uptick in grassroots-level economic activity. April 2024 witnessed an unprecedented
milestone with GST collection soaring to Rs. 2 lakh crore, marking an all-time high.
Moreover, the Consumer Price Index (CPI) inflation has remained relatively subdued, hovering
around 4.83%, comfortably below the RBI's target zone of 6%. This provides the Reserve Bank of
India with the leeway to potentially consider rate cuts in the latter part of the year.
T H E
BBF SECRETARIAT
With the Repo Rate already at 6.5%, nearing its terminal level, the cost of funds assumes paramount
importance, particularly given that a substantial portion of consumption relies on loan capital, such
as housing, automotive, and other capital goods loans.
The recent GDP growth figures for Q4 at 7.8% and the full-year GDP growth for FY23-24 at 8.2%
underscore a very positive trajectory for both the economy and the stock markets. Such robust
growth underscores the resilience of the Indian economy, propelled by a strong demographic
dividend, a thriving domestic consumption theme, and elevated saving rates. These factors
collectively bode well for the long-term prosperity of the economy.
However, amidst this optimism, global attention remains fixated on the policy moves of the US
Federal Reserve, which wield significant influence over global stock markets. The Fed has signaled
its intent to adjust rates only when inflation stabilizes around the 2% mark. With US inflation
currently hovering around 3.5%, above their target zone, the Fed's decisions will undoubtedly
reverberate across international financial markets.
In summary, while challenges and uncertainties persist, the Indian economy's current trajectory,
buoyed by robust fundamentals and resilient dynamics, instills confidence in its long-term
prospects. With prudent policy measures and a conducive global environment, India is poised to
navigate through the evolving economic landscape with resilience and determination.
FORUM VIEWS, JULY 2024 edition
From
to You...
BBF
FORUM VIEWS - JULY 2024
FORUM VIEWS - JULY 2024
TH
BBF PRESENCE AT THE 37 INTERNATIONAL COUNCIL OF SECURITIES ASSOCIATIONS
(ICSA) AGM & CONFERENCE (FRANKFURT, GERMANY, 19 - 21 MAY 2024)
FORUM VIEWS - JULY 2024
FORUM VIEWS - JULY 2024
TH
BBF PRESENCE AT THE 37 INTERNATIONAL COUNCIL OF
SECURITIES ASSOCIATIONS (ICSA) AGM & CONFERENCE
(FRANKFURT, GERMANY, 19 - 21 MAY 2024)
ICSA AGM & Conference 2024 Frankfurt (Sunday, 19 May)
First day (pre conference tour & welcome reception)
FORUM VIEWS - JULY 2024
TH
BBF PRESENCE AT THE 37 INTERNATIONAL COUNCIL OF
SECURITIES ASSOCIATIONS (ICSA) AGM & CONFERENCE
(FRANKFURT, GERMANY, 19 - 21 MAY 2024)
ICSA AGM & Conference 2024 Frankfurt (Monday, 20 May)
Second day (ICSA AGM, emperors’ hall & gala dinner)
Annette Kliffmüller-Frank, Chair bwf addressing
10
FORUM VIEWS - JULY 2024
TH
BBF PRESENCE AT THE 37 INTERNATIONAL COUNCIL OF
SECURITIES ASSOCIATIONS (ICSA) AGM & CONFERENCE
(FRANKFURT, GERMANY, 19 - 21 MAY 2024)
ICSA AGM & Conference 2024 Frankfurt (Tuesday, 21 May)
Third day (ICSA public conference, Städl Museum & farewell dinner)
Annette Kliffmüller-Frank,
Chair bwf
Urban Funered,
ICSA Chair, CEO SSMA
Michael H. Sterzenbach,
Secretary General, bwf
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