My Work Place (FPFS – Day 1)

Hii Friend's, 

One of my dearest friend tagged me with Five Pics Five Stories challenge and I was like ... How will I write it and on what topic as I write only on Stocks which are much easier than this !! Yes, it is hehe !!!

Anyway, So I thought let me write about what I know and Yup it clicked me, what could be more interesting than to write on the place where I work !!! Here is my Day 1 of my FPFS challenge

                              !! THE ICONIC BSE (PHIROZE JJ TOWER) !!

The iconic Phiroze Jeejeebhoy Tower is in South Mumbai and houses Asia's oldest 140 year-old bourse BSE, also known as BOMBAY STOCK EXCHANGE. It's a 29 storey tower with area space of around 3,50,000 sq. ft, accomodating 540 odd entities mainly by brokers and financial institutions since 1980. BSE is located exactly in between Dalal Street, Hamam Street, and Bombay Samachar Marg. which gives easy access to financial institutions with the stock exchange and so BSE, the building is not only important in commercial value but also a symbol of financial capital. BSE is Asia's first & fastest Stock Exchange with a speed of 200 microseconds. BSE has more than 5,500 companies listed making it the world's No.1 exchange in terms of listed companies. The companies listed on BSE commands a total market capitalization of US$ 1.69 Trillion as on 15 April 2015. The exchange buliding was targeted by terrorists in 1993 when a powerful car bomb exploded in the basement of BSE buliding claiming 50 lives, after that BSE was fortified with "Z" category security control and half a dozen commandos are always stationed in the building premises permanently.

This is the second entrance at east where a Five-foot tall bronze Bull Statue is erected since 2008, you have to get a security clearance, whereby you are issued a security pass. This entrance at the east is infamous due to superstitious beliefs from old-timers that it gave a big fall in markets with Harshad Mehta scam soon after these gates were opened.

The most interesting I feel is this particular spot, there is a Sugarcane juice center just in front of the Eastern gate with Bull Statue with a huge screen which plays live news from the Business channel. What's interesting is that during lunchtime lot of people gather there, some having cane juice and some having famous sandwiches of Paramesh or famous Dosa's from Jay Snacks and

they all would be talking only on stocks. You will hear people saying so and so stock will go up or down, some would be starring at the screen, some would be calling their brokers giving instructions for buy or sell. This particular place becomes more evident when there's a fall in the market, all kinds of emotions from traders to professionals, even the security commandos are not spared they too enjoy the sites....after all this is for money honey !!! 





A GLIMPSE FROM HISTORY !!

This was my first attempt, hope that you all like it.. do share your views and comment on it.. Have a wonderful day Ahead :)

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I have been tagged by my dear friend, Shweta to take part in Five photos Five stories Challenge (FPFS) which is- Post a picture for 5 consecutive days and attach a post to it, fiction, poem, or short write-up. It can be anything to suit your taste. Thank you, Shweta for tagging me :)

This is different for me as I have never tried such as you all know I am a finance guy but as we say "There's always the First Time" so here it is...I am tagging my blogger friend Namrata Kumari on Day One and as a part of the challenge, I will tag a new person on Day Two.

BSE : Declared dividend of Rs 4 a share (or 400%).

A higher income from investments helped the Bombay Stock Exchange (BSE) post a rise in net profit, even though the Asia’s oldest bourse recorded a flat growth in revenue due to lower transaction charges and a drop in income from penalties, fees and other charges in the year ended March 31, 2009.

The BSE board has declared a dividend of Rs 4 a share (or 400%) on the post-bonus equity of Rs 10.2 crore, resulting in a dividend outgo of Rs 42 crore. The dividend will go to a string of local and foreign shareholders, with the top 20 receiving 48% of the payout.

Deutsche Boerse, Singapore Exchange, SBI, LIC, Dubai Financial Group, Atticus Mauritius, Acacia Banyan Partners, Caldwell Asset Management and Bajaj Holdings are among the top BSE shareholders. The exchange posted a total income of Rs 421 crore against Rs 420 crore in the previous year.

Brokers attributed the flat growth to a sharp fall in cash and derivatives turnover which affected the exchange’s income from securities trading.

Despite a fall in turnover-linked income, the BSE saw its net profit rise 18% to Rs 212 crore, thanks to a rise in income from investment and deposits — from Rs 175 crore in 2007-08 to Rs 222 crore last fiscal.

Last year’s stock market turmoil caused a significant fall in trading volumes on bourses, with the BSE recording a 30% decline in turnover to Rs 11 lakh crore in 2008-09 compared with Rs 15.8 lakh crore in 2007-08.

The BSE recorded a 30% drop in transaction charges to Rs 77 crore, while income from other charges amounted to Rs 40 crore compared with Rs 48 crore in the previous year. A higher net profit has boosted BSE’s net worth from Rs 1,559 crore to Rs 1,728 crore.

-- an article by ET dt:14th July 2009

(Also read a post on BSE dated: Nov 13 2008 & Nov 20 2008)

BSE to allot 5% more to global stock exchanges

In my last post I gave the information about declaration of dividend and bonus shares by BSE to its members.

Last year BSE alloted 5% to Duesch Bourses and to Singapore stock exchange at the rate of Rs.5200 per share, according to the current law, stock exchanges can allot not more than 5 % each to any strategic investor. But now the SEBI has raised this limit to 15 % from 5 %.

BSE will now allot more 10 % to Singapore stock exchange and Duesch bourses and also to Hong Kong stock exchange.SEBI is also considering to have self listing for stock exchanges,

If this comes through than these stock exchanges will can now get listed without an IPO