Gyaanleikh

Crafting an eye-catching finance intern resume involves highlighting your strongest financial skills, coursework, and qualifications. If you lack extensive work history, consider using academic projects or volunteer work to showcase your financial knowledge. This guide provides actionable tips for each section of your resume and includes suggestions for skills and action verbs to use. 1. Write a Brief Summary of Your Finance Intern Qualifications Introduce yourself to potential employers with a concise summary that highlights your most impressive accomplishments, coursework, or skills. This section should complement your cover letter, providing a snapshot of your qualifications. Profile Example #1: Accounting student with a 4.0 GPA and practical experience in small business bookkeeping. Completed 32 credit hours, with intensive coursework in auditing, cost accounting, and managerial accounting. Dedicated to continually expanding and applying financial knowledge. Profile Example #2: Fin

Overview On Monday, D-Street experienced a significant sell-off as global peers also faced heavy declines. The Sensex hit an intraday low of 78,295 points, plunging 2,686 points, while the Nifty tumbled 823 points to 23,893 levels. The broader indices saw even more pressure, with the MidCap index slipping 4.23% and the SmallCap index sinking 4.58%. Key Insights Global Impact : Analysts noted that the broader indices mirrored the US indices' performance. The tech-heavy Nasdaq and the S&P 500 index lost 3.2% over two trading days after the Federal Reserve decided to hold interest rates steady. Major Losers : On the BSE Sensex, stocks like Adani Ports, Tata Motors, Tata Steel, SBI, Infosys, and JSW Steel fell between 5-6%. Index heavyweights such as Reliance Industries, ICICI Bank, Larsen & Toubro, and HDFC Bank slipped 2-4%. Volatility Indicator : The India VIX, a volatility indicator for Indian bourses, shot up to 50.40% intraday. Asian Market Performance Markets across the

Overview Global financial markets experienced a significant downturn on Monday, driven by fears of a US recession and escalating geopolitical tensions in the Middle East. Major indices, including India's Sensex and Nifty 50, saw heavy sell-offs, reflecting widespread investor anxiety. Indian Stock Market Indian benchmark indices, Sensex and Nifty 50, witnessed a dramatic decline of over 3% each. Sensex dropped 2,450.32 points (3.03%) to 78,531.63, and Nifty 50 fell 696.35 points (2.82%) to 24,021.35. The market capitalisation of BSE-listed companies fell by nearly ₹15 lakh crore, from ₹457 lakh crore to approximately ₹442 lakh crore. Tanvi Kanchan, Head of UAE Business & Strategy at Anand Rathi Shares and Stock Brokers, commented, "This sell-off is short-term volatility due to profit booking and does not indicate long-term panic. Investors should consider staggered entries during volatile periods." Asian Markets Asian markets also felt the impact of the sell-off: Japa

Introduction The latest unemployment data in the United States has sparked a debate among economists: Is the US on the brink of a recession? This unexpected rise in unemployment will also play a significant role in the upcoming presidential elections, potentially affecting the incumbent party's chances. Unemployment Rate Surge The unemployment rate in the US surged to a nearly three-year high of 4.3 percent in July, up from 4.1 percent in June and from a five-decade low of 3.4 percent in April last year. This rise has increased the likelihood of the Federal Reserve cutting interest rates in its next meeting in September. Economic Reactions Economists are divided on the implications of this data. Gary Clyde Hufbauer, a senior fellow at the Peterson Institute for International Economics, believes the increase points to a recession in 2025. He expects the Federal Reserve to start cutting the policy rate in September, which could ensure a shallow recession. The equity markets have reac

Introduction According to the World Development Report 2024 by the World Bank, India could take 75 years to achieve one-quarter of the United States' per capita GDP at the current growth rate. This forecast highlights significant obstacles that India faces in its journey to becoming a high-income country. Economic Projections for India The Niti Aayog's approach paper for ‘Viksit Bharat @2047’ outlines India's ambitious goal to become a $30 trillion economy by 2047. This vision aims to raise India's per capita income from the current $2,392 to $18,000 per annum. However, the World Bank's report suggests that at current growth trends, it will take China more than 10 years, Indonesia nearly 70 years, and India 75 years to reach a quarter of the US income per capita. Challenges in Growth Prospects The report emphasizes the slow growth prospects for middle-income countries like India. Over the last decade, the global economy has transitioned from healthy to hobbling and

Hedge funds are exclusive, highly speculative investment vehicles that use unconventional strategies to generate absolute returns for their investors. Breaking Down Hedge Funds Exclusive : Hedge funds can only raise capital from accredited or qualified investors, typically high net worth individuals. Highly Speculative : Unlike mutual funds, hedge funds face fewer government regulations, allowing them to take high risks and invest in speculative asset classes. High leverage and aggressive use of derivatives and swaps are common. Variety of Unconventional Strategies : Hedge funds use diverse strategies like long/short, distressed debt, event-driven, global macro, fixed income arbitrage, convertible arbitrage, and merger arbitrage. They have more strategies available compared to mutual funds, pension funds, asset management companies, or even private equity firms. Absolute Returns : Hedge funds aim for absolute returns, independent of market performance. Unlike asset managers who must ou

Overview: Germany, facing a significant labor shortage, is rolling out substantial tax reductions for newly arrived foreign skilled workers. This initiative, part of Germany’s broader “growth initiative,” aims to make the country more attractive to global talent, addressing the critical gap in its workforce. Tax Incentives Details: The proposed tax scheme offers graduated rebates over three years: First Year: 30% tax rebate Second Year: 20% tax rebate Third Year: 10% tax rebate These rebates are designed to alleviate the tax burden on skilled foreign workers, making Germany a more appealing destination for career growth. Impact on Foreign Workers: For foreign professionals, this initiative presents a golden opportunity. The tax savings can significantly enhance net income, making the move to Germany financially advantageous. Moreover, with Germany being the fifth most appealing destination for skilled immigrants, this measure is expected to further bolster its attractiveness. Econom

Relationship Managers (RMs) are crucial to any corporate banking institution, serving as the primary contact point between the bank and its clients. Known by various names like the coverage team or the sales team, these professionals handle complex situations and oversee the broader banking relationship with clients. Job Description of a Relationship Manager RMs are responsible for managing the overall banking relationship with clients. They handle challenging situations and key business decisions, often stepping in when clients face issues. While RMs don't typically deal with daily transactional activities, they are essential in maintaining and expanding the bank's relationship with its clients. RMs must be versatile, possessing knowledge across all banking products and services. Whether it's FX options or project financing, RMs need to understand the basics and involve specialists as needed. This comprehensive knowledge makes RMs valuable, particularly with larger clients

The Reserve Bank of India's (RBI) Report on Currency and Finance (RCF) for 2023-24 , released recently, highlights the significant influence of digitalisation on consumer behavior and financial systems. While digitalisation enhances accessibility and convenience in financial services, it also presents challenges, including impulsive spending, herd behavior, and data security concerns. Consumer Behavior and Digitalisation Digitalisation has revolutionized financial services, making them more accessible and convenient for consumers. However, the RBI report cautions that these benefits come with risks. The ease of access to digital platforms can lead to impulsive spending, as consumers make quick decisions without fully considering the consequences. Additionally, the rapid dissemination of financial trends through social media and digital networks can encourage herd behavior. For instance, consumers may follow the crowd in buying or selling stocks, potentially leading to market volati

Debt Capital Markets (DCM) are a critical component of corporate finance, providing companies and governments with access to funding through debt instruments like bonds. While equity and debt are both essential sources of capital, debt is often preferred due to its lower cost and tax-deductible interest payments. Even cash-rich corporations frequently maintain a debt component on their balance sheets, making DCM a vital area in finance. What is DCM? DCM involves raising capital through the issuance of corporate or government bonds, rather than traditional bank loans. This market is crucial for entities seeking to finance acquisitions, special projects, or refinance existing debt at more favorable rates. DCM teams work to connect issuers with a global pool of investors, ensuring the efficient flow of capital. Key Responsibilities in a DCM Role Pitches : Early in your DCM career, a significant portion of your work will involve creating detailed analyses and presentations. Unlike M&A

The Indian cement industry, a cornerstone of the nation's infrastructure development, witnessed a seismic shift with the announcement of UltraTech Cement's acquisition of a majority stake in India Cements. This strategic move by the Aditya Birla Group's flagship company marks a pivotal moment, reshaping the competitive landscape and potentially influencing the broader economic dynamics of the country. The Deal's Anatomy UltraTech's journey to acquiring a controlling stake in India Cements was methodical. The company initially acquired a 22.77% stake in June 2024, laying the groundwork for a larger play. Subsequently, the acquisition of a 32.72% stake from the promoters at a premium of ₹390 per share elevated UltraTech's ownership to over 55%, necessitating a mandatory open offer for an additional 26% stake from public shareholders. The deal, valued at ₹3,954 crore, represents a significant investment by UltraTech. The company's decision to maintain India Cem

Tired of the "parents got me this job" narrative? This guide proves anyone can launch a fulfilling career in Investment Banking Compliance with dedication and the right approach. Seeking a clear roadmap? Dive into the experiences of Charlie Leard, a Compliance professional, and discover the qualifications, interview tactics, and a day-in-the-life breakdown to propel you towards your dream role. Ready to stand out? Learn key skills and strategies to impress recruiters, land your dream internship, and navigate the exciting world of Investment Banking Compliance. Here's what you'll find inside: Qualifications & Education: Explore flexible paths. A degree in Politics & International Relations worked for Charlie, but apprenticeships are a viable alternative. Focus on playing to your strengths and developing transferable skills like communication honed through part-time jobs. The Internship Gateway: Don't be picky! Apply to a wide range of firms to increase

The financial world is undergoing a significant transformation, with a growing emphasis on environmental, social, and governance (ESG) factors. Investors and businesses alike are recognizing the importance of aligning financial goals with positive societal and environmental impact. This shift has given rise to sustainable finance and impact investing, which offer exciting career opportunities for those passionate about making a difference. What is Impact Investing? Impact investing is a strategic approach that seeks to generate both financial returns and measurable social or environmental impact. Unlike traditional investments focused solely on profit maximization, impact investing prioritizes investments in companies and organizations that address global challenges such as climate change, poverty, and inequality. By investing in sectors like renewable energy, affordable housing, and sustainable agriculture, impact investors contribute to a more sustainable and equitable future. This a

Investment and Corporate Banking 1. Corporate and Institutional Banking (CIB) Corporate and Institutional Banking is the backbone of large international banks, serving the financial needs of major corporations. CIB professionals handle a wide range of services, including: Coverage Managers: Build and maintain relationships with corporate clients, understanding their financial needs and offering tailored banking solutions. Credit Analysts: Assess the creditworthiness of corporate clients and manage credit risk. Trade Finance Specialists: Facilitate international trade transactions by managing letters of credit, export financing, and other trade-related services. Supply Chain Finance Professionals: Optimize supply chain operations through financial solutions, such as inventory financing and supply chain financing. CIB offers a stable career path with competitive compensation, reasonable work hours, and opportunities for advancement. 2. Capital Markets Capital Markets professionals pl