I have said this in the past too….and saying it again… “I have NO clue about what attracts big companies to the financial services sector” – repeat a zillion times. None of the so called ‘big groups’ have ever done well in financial services. Whether it is the Tatas, Birlas, Sundaram,….really only Hdfc as […]
small investor, financial literacy, financial awareness, financial inclusion….what an amazing array of words we have created for bureaucrats, politicians, businessmen, capital market pundits to meet and eat! Frankly if you want to climb the Himalayas you need to join a Gym get into good shape and then climb the Himalayas. In the investment arena you […]
When you see news items like IPO subscribed 40 times, or 200 times do you wonder how? Or when L&T finance debentures at 8.5% p.a. gets subscribed, do you wonder why? The answer is very simple. Merchant bankers are a nice small clique who also run PMS schemes. So when the ‘Investment Bank’ goes to […]
No not another ban, just another blog. Please also see ‘Sebi bans ulips’ post and the comments. Now we have another problem – the sports minister Mr. Gill has found that the DLF ad contains the word India – and that should not be allowed. Amazing how Mr. Gill has nothing to do but find […]
This is an amazing first hand story in the brokerage business. Once upon a time not long ago I happened to be associated with a stock broker who was the 3rd generation stock market broker. He was the Chairman of a brokerage company which we had floated to become a member of the National Stock […]
One big time broker who is also a CA….was involved in a fraud case. He went to jail – as did his father. Father-in-law was lucky he was spared. The father told one of my friends: “I do not know what my son did in life, but thanks to him I saw the jail”. For […]