this is reposted because i have written a sequel to this…and that will appear in a couple of days… When a young enthusiastic kid (she reads the blog and finds it embarrassing if her name is used!) came up to me and said ‘Sir, if I have Rs. 10 crores in my life, I will […]
Are interest rates going up or going down? Very this is a trillion dollar questions at all points in time is it not? Well I did put in some money into the SBI bond issue – and was pleasantly surprised to see the limit was raised to Rs. 500,000 per application in the retail segment. […]
Pessimism about the markets? Well no. Not really, but can see some dark clouds: – the government’s inability to control inflation – MMS acting like a rubber stamp for the Lady in White – Commodity prices – including crude of course -Interest rates HAVE TO GO UP to compensate for inflation. Sadly Indian population not […]
In the 1990s big corporates would borrow money from banks and lend it to smaller corporates. All of them played this game – Bajaj Auto, Tube Investments, Parle, Ranbaxy, etc. as lenders and smaller companies like Shaan Interwell, Indiana dairy, Sun Ceramics,….as borrowers. However the overall return that the lenders got could not have exceeded […]
I had done the following post in the 1st week of June, 2006. Except for the numbers, the story is just as fine. It originally appeared in the Personal finance section of moneycontrol.com Okay, so the market fell 1,100 points on 22 May 2006, it fell 350 points on 31 May 2006 and another 327 […]
My heart goes out to people who run television channels, magazines and websites – the constant search for news is not easy. Let us take the RBI rate hike which happened. A 0.25% increase in the Repo rate is actually not such a big news, but if you have to write about, it, well, you […]
I got a few calls in the morning (late last evening perhaps) saying ‘OMG I missed the SBI bonds issue…now I will get a much smaller allotment than what I had thought’. Let me correct you Ma’am. You will NOT GET ANYTHING if you applied on Tuesday, because the issue was fully subscribed on Monday […]