Indiainfoline Investment is coming out with a debenture of 5 years duration – at an attractive rate of 11.9%p.a. The short question is ‘Should you invest in these debentures?’ Well the Shriram group (Chennai based) is coming out with a debenture at a coupon rate of 12.3% p.a. in about a weeks time. So should […]
remember this story was written in July 2011….in fact on 10 July…. Did anybody tell Dhirubhai Ambani that he was very lucky? Take a ‘Taleb’ian view on the success of the late Dhirubhai Ambani. He was a simple man, not very educated, perhaps very well focused, and dammit, GODDAMN LUCKY. Make no mistake there may […]
A few days ago I posted a story saying ‘It is a sad day for professionals’…well all of us make our choices, do we not. If I search all the visiting cards of the people I met, it includes – Mehta, Parekh, many other scam accused as well. I have also had a conversation with […]
Oh no this is not in the Indian context, but when you use Google to tag some stories…you do hit on some interesting stories. A few days back Balakrishnan had written a page on the Moneylife site why you should buy from a bank relationship manager. I said chuckle, chuckle. Had neither the intent, willingness […]
If you wondered how a company can fudge its accounts, well here are some things that they do: – show less expenses: if you want to be more profitable -show more expenses if you want to be seen as less profitable from real life. – increase profits by showing revenue expenditure as capital expenditure – […]
I did my CA so long back that in those days flying was considered risky and sex was considered safe! Well I did my articles in a firm called Sharp & Tannan. When our senior partner used to ‘finalise’ the accounts in his rather luxurious room WE have seen the clients sweat. He predicted the […]
2 calls and 3 sms in the morning had the same message! No it was not about PONGAL, Sankrant, Lohri…..it was: “Anil Ambani has been banned for doing something on the stock exchanges..what does it mean for our investments in Reliance Mutual fund?” Well I do not think this will impact Reliance Mutual fund in […]