Financial Performance

Nitesh's financial perfo,rmance has been as impressive as its projects. Irs income from operations almost qua· drupled from Rs 22.36 crore in 2006 ro Rs 86.89 crore in 2009. For the curren! fiscal, the company has already notched up an income of Rs 45.85 crore for six months ended September 30, 2009. The bottomline too has seen impressive jump from Rs 1.37 crore in 2006 to Rs 2.76 crore in 2009. For the first half

Benchmark Projects

A look at the ongoing and com­pleted projects of Nitesh Estates will be enough to prove the company com­pany's credentials in property devel­opments. Nitesh Buckingham Gate was the ultra-premium project devel­oped by the company for rhe elites of Bangalore's high society. Sold by invi­tation only, Buckingham Gate boasts of ultimate in luxury living. Similarly, projects such as Nitesh Wimbledon Park, Nitesh Mayfair, and other projects are designed for the creme de la creme of Bangalore's society. Other residential projects such as Nitesh Forest Hills and Nitesh Central Park have been designed to meet highest standards in property development.

Nitesh has developed one of India's largest Rs 100 crore corporate hous­ing projects Nitesh Garden Enclave for the management personnel of the ITC Group. It has also developed premium office space such as Nitesh Timesquare and Nitesh Broadway and is planning to develop yet another half million sq ft world class A-grade office complex Nitesh Madison Square. That apart, the 7.5 lakh sq ft Nitesh Mall with lifestyle retail outlets, will be the largest mall located in Indiranagar in the Central Business District of Bangalore. This project is being designed by globally renowned architectural firm Callison of Seattle. Another mall, Nitesh Lexington Avenue, will be built on Brigade Road, the hearr of Bangalore's shopping district.

Then, of course, there is the Ritz­Carlton Hotel, marking Nitesh's foray into the hospitality sector. The 281­room 5-star hotel in Bangalore will be equipped with a helipad, yet another first in India, and will be thrown open to guests by April 2011. Nitesh pro­poses to build the second Ritz-Carlron in Chennai.

High Quality Standards

Nitesh Estates has series of firsts to its credit. It was the first to win India's largest corporate housing project by ITC in the face of stiff compe­tition by well-established developers. Then, again, it has the distinction of bringing the first Ritz-Carlton Hotel to India. Also, it was one among the first few developers to atrract foreign direct investment in real estate when Och Ziff Capital Management Group, one of the world's largest PE funds, picked up 25 per cent stake in the company and Citigroup's property arm Citi Property Investors invested in the Ritz-Carlton Hotel. HDFC AMC too has picked up

a stake in Nitesh Estates.

So what makes Nitesh Estates such a 'hot property' for foreign and domestic institutional investors? The premium living, working, lifestyle and leisure space it has developed over rhe years bears ample testimony to the company's highest quality standards in property development. "We created benchmarks of our quality, execution and our profile through these projects," says Shetty.

Guess this: how much can a developet develop residential and commercial space within a span of five years?

Guess this: how much can a developet develop residential and commercial space within a span of five years? Two million, four million or five million sq. ft.? Whar if we to told you that one developer has brought more than eight million sq ft under development within a short span of just five years, would you believe it? Believe you will, if the developer is Bangalore-based Nitesh Estates. As if eight million sq ft of development .in five years is not enough, the company has set itself a much higher target. "In the next 3-4 years, we're going to build 15-20 million sq ft, out of which 80 per cent would be residential projects," informs Ni tesh Shetty, the 32-year­old founder and Managing Director of Nitesh Estates.

An impressive array of super premium and high end residential, office

An impressive array of super premium and high end residential, office, commercial and retail projects has seen Nitesh Estates script success story within a short span of just five years. The company is set to go full throttle powered by funds garnered from its forthcoming IPQ, says Prakash Pati!

regulation and superVISIOn of financial institutions

regulation and superVISIOn of financial institutions and markets; crisis management and provision ofliquidity; and macrofinancial stability encompassing monitoring not only the behaviour of all important players in the financial sector but also non-financial sector balance sheets as well as those of the governments.
7.4 The financial turmoil that began to unfold in August 2007 - widely known as the sub-prime crisis­has brought financial stability issues to the forefront of policy discussions. The turmoil was a fallout of an exceptional credit boom and leverage in the financial system. On a hindsight, the present crisis appears to be a result of a macroeconomic environment with a prolonged period of low interest rates, high liquidity and low volatility, which led financial institutions to underestimate risks, a breakdown of credit and risk management practices in many financial institutions, and shortcomings in financial regulation and supervision3• A slowdown in the US real estate market triggered a series of defaults and this snowballed into accumulated losses, especially in the case of complex structured securities. The US subprime crisis has led to both the strained conditions of financial markets and the slowdown of the broader economy. The US economy continues to confront substantial challenges, including stresses in financial markets, a weakening labour market and deteriorating economic actIVIty. The problems intensified significantly around mid-September 2008, when major losses led to failure of major financial institutions. The recent troubles at Lehman Brothers, Merrill Lynch, and Fannie Mae and Freddie Mac suggest the deep rooted problem in the global financial markets that the authorities have to address.
7.5 The ongoing financial turmoil took a serious turn when major financial institutions started experiencing extreme degrees of difficulty. Bear
Stearns was the big first wall street investment banks of the five to collapse in March 2008, followed by the filing of chapter 11 bankruptcy petition by Lehman Brothers Holdings ine. and the sale of Merrill Lynch to Bank of America in September 2008. The remaining two, Goldman Sachs and Morgan Stanley, have abandoned their once-cherished investment bank business model to become bank holding companies to secure greater Fed protection and to soothe negative market sentiments. This was soon followed by the takeover of the sixth largest bank, Wachovia, by the CitiGroup. The recent turn of events prompted the US Government to come out with a $700 billion bailout package for banks to buy the distressed assets. Full prudential supervision and regulation at the hands of the central bank and the Federal Deposit Insurance Corporation would provide them access to permanent liquidity and funding by the Fed. Though the Fed had allowed investment banks to access discount window financing since Bear Stearns crumbled, this source was set to close at an unspecified point in 2009. The Securities and Exchanges Commission (SEe) was previously responsible for the supervision of the investment banks under the voluntary consolidated supervised enterprises regime. Lighter regulation of investment banks had enabled the industry reap greater rewards than their commercial banks counterparts in the boom preceding the credit crisis. But the crunch has revealed the drawbacks of the industry's high-risk strategy. The shocks in the US financial system have reverberated in some European countries as well such as the UK, Switzerland and Germany. Though the direct impact on India and other Asian emerging market economies (EMEs) was muted, the indirect impact has been significan t.
7.6 The initial impact of global financial contagion in India, however, has been limited for a variety of reasons. India's growth process has been largely

Learn Forex - Is Forex Trading The Ultimate Home Business Opportunity ?

That's true, you can be a trader at home. Forex, or Foreign Exchange Market is by far the largest financial market in the world. About $2 trillion are traded EVERY DAY. The Forex market is the currency market, where a currency is traded against another. Quick example : you buy a dollar and sell euros. Not that easy to understand. But can we do this from home ? Yes, we can. About ten years ago, you would need millions of dollars to start trading. Now you can start with a few hundreds of dollars.
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It is not that easy, it is extremely risky if you don't know anything about trading. First rule : don't invest what you can't afford to lose. Forex is not a game, there is a lot of parameters to take in account, and human factor is one of the most important in this business.
You may have already understood it, currencies are traded by pairs. The european Euro versus the US Dollar, The US Dollar versus the Japan Yen, etc. When you buy a currency, you want to sell it later at a higher price. When you sell a currency, you want to buy it later at a lower price. This is how you make profit. Think like you were buying a foreign company share. You always want to buy low, and always want to sell high.
What you are looking to when trading currencies is the exchange rate. This will tell you your next move. Buy or sell. Currencies are part of the economy of each countries. When the value of a currency is increasing, this means the economy is going better as before. The exchange rate can be viewed as the country's economy compared to another economy. This is why economic factors can help you to predict your next move. If you know that a currency will increase, you will buy it and expect to sell it at a higher price, a higher rate.
You can choose the pair you want to trade, but the most people trade the main currencies, Euro, Dollar, British Pound, Japan Yen. And you can only choose to trade one pair only if you want. You are the only person that will make the decision. Hope you are making the good ones, profit can be huge, as well as losses.
Like any business, forex trading has to be taken seriously. Lots of people are trading the forex and some are earning thousands of dollars every day. But it needs a lot of training, education and analysis before reaching such results. It can be the perfect business and actually it is for advanced traders