BFS Roundup @ FLIP
Updates @ FLIP
More than a thousand Bschoolers (from 60+ premier b-schools) have already enrolled for the FLIP National Challenge, a fiercely fought all India contest ; where B Schoolers write select FLIP Certifications, to benchmark themselves, against their peers. An All India Ranking will be given to the top 50 scorers. Besides a strong Campus placement edge, the contest also offers off campus placement benefits to the top 10 scorers. This includes PPIs, Internships, Career Talks, Mock Interviews, and Resume Counseling etc. to “Power Your Placements” Click here to attempt live interview simulations in the areas of capital markets, corporate banking, finance and banking (summers), to check your preparedness for placements Click here to see the complete details of the contest. FLIP - setting a BFS knowledge benchmark. CAD Jitters: Customs duty on gold, platinum and silver raised to 10% The government increased Customs duty on gold, platinum and silver to 10 per cent, in a move aimed at curbing the imports of these precious metals to limit its current account deficit. Jewellers criticized the move the saying that this will encourage gold smuggling and increase the prices. FLIP’s View: These imports contribute a whopping 61% of the CAD. That is the concern. With the festival season coming up, one will need to track how price sensitive this market is, in India.
The week that was….
US says BofA lied to investors about mortgage-bond risks The US government has filed two civil lawsuits against Bank of America alleging the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities. Bank of America is accused of making misleading statements and failing to disclose important facts about the pool of mortgages underlying` these securities. FLIP’s View: This is
