When you do a business, the Laws of Economics apply to that also. You buy things add your overheads, add profit and sell the product. Or you sell a product and from that you deduct all your costs and what gets left is profits. In the retail business – especially the book business – about […]
It is now compulsory for many companies to file their Annual Returns in XBRL format. Let us look at the process involved in doing this: You convince a company that you are capable of converting their pdf / other formats into xbrl format. Then the company sends you the annual return. Assuming it is in […]
Time and again I have been saying that it is easy for a regulator to go after an industry that is reasonably well organised rather than a completely new one. This is the reason why there is: no white paper on how people lose money in real estate (whom will you chase?) no white paper […]
The Golden Rule of Investing is that the Man with the Gold Makes the Rules of Investing. You have to remember this rule – because this article is about REBATING. Rebating is illegal in India – it means if I ask you to invest in a life insurance policy, general insurance policy or a mutual […]
Many of our regulators – IRDA, TRAI and now SEBI may all be having good intentions, but the way it is being expressed is rather amusing. Now SEBI is saying that an Asset Management Company should have a net-worth of Rs. 50 crores. This means pushing the small funds out of the market. One has […]
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. […]