Decline of IT Stocks after Brexit

What is Brexit?

It is a word that has turned out to be utilized as a shorthand method for saying the UK leaving the EU - combining the words Britain and exit to get Brexit.

Demonetization Explained

Demonetization means removing the status of certain existing units of currency or the currency as a whole as legal tender of the economy. It is done by stopping the production of prescribed currency and its circulation in the market. Legal tender is a mode of payment recognized by the law in a country to be valid for meeting financial obligation.

Lowering of INR against Dollar

How exchange rates are determined?

Market forces, like demand and supply fluctuates the exchange rates within the economy. In case of US Dollar to INR, if demand of US dollar increases against INR then rate of USD against INR will also increase but there are many factors which affect market condition or market forces.

Volatile Market

When market becomes volatile investor tries to withdraw their funds from the market till the market become stable and when US investors start withdrawing their funds then the demand of dollar suddenly increases which leads to the appreciation of USD.

Analysis Report - eClerx

eClerx

About The Company

eClerx Services Limited founded in 2000 is a leading knowledge process outsourcing company providing operational support, data management and analytics solutions to over 30 Fortune 500 companies. Its Headquarter is in Mumbai and has five delivery centers across India to support a diverse global client base. The company was founded by Anjan Malik and PD Mundhra who identified significant opportunity in the outsourcing marketplace for a “virtual” outsourced services model for large global organizations going through rapid business and technology transformation. Its India’s first publicly listed KPO company and since 2007 the company is publicly listed on both the National and Bombay Stock Exchanges in India.

GST : One Country One Tax

Introduction

"Goods and Services Tax" would be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State governments. Goods and services tax would be levied and collected at each stage of sale or purchase of goods or services based on the input tax credit method. This method allows GST-registered businesses to claim tax credit to the value of GST they paid on purchase of goods or services as part of their normal commercial activity. Taxable goods and services are not distinguished from one another and are taxed at a single rate in a supply chain till the goods or services reach the consumer.