It is amazing that financial services – mutual funds, life insurance and banking are seen as villians in terms of charges in a country which has so many real estate deals! Who can become a builder, who can become a broker, how much brokerage to charge, should prices be quoted for built up, super built […]
On the 10th of June I travelled to Chandigarh and back. This is a little difficult because you need to take a morning Mum-Delhi flight, then fly Delhi-Chandigarh if you want to reach by 11am. The other choice is to take the GO Air flight – I am not very comfortable simply because of the […]
As some of us have been saying, we’re witnessing the unwinding of one of the greatest financial bubbles of all time. Not just in India – much more so in the USA. Yet home prices will not simply go to zero like some shares did.(Remember Mazda, Silverline, Shaan, Indiana Dairy?) However DLF shares fell from […]
CSGL Account stands for Constituent Subsidiary General Ledger Account (phew!). Certain SGL holders like corporates, PF trusts, individuals, institutions, state governments, Nri, Ocbs, FIIs, – registered with Sebi/Rbi can open a CSGL account but not a SGL account. It is a second SGL account at a PDO so that they can act as a custodian […]
I live in Navi Mumbai (New Bombay) where the rules of the game are different for day to day living. I may sound a little like Raj Thakrey if I said this place has a more North Indian culture than a ‘amchi’ Mumbai culture (where I lived for 42 years before shifting to NM). Mumbai […]
A couple of weeks back I had written a post about how the slow down will hurt some industries. Fairly clearly those companies (industries) which have a high cash burn ratio – and who cannot reduce fixed costs will bleed first. Financial services industry – life insurance, broking retail, general retail – are all vulnerable. […]
Yesterday I ran the Standard Chartered Marathon. Maybe I used the wrong verb – I walked much more than I ran. However, there were some lessons. I had done the marathon in 155 minutes in the previous year (year 2008) and set myself a target of 145 minutes for this year’s marathon. However my sincierity […]