Well this is not an article on Exchange Traded funds, but there is a link at the bottom which will take you an ETF article. The financial services industry (like all other industries) is very smart. Highly qualified people – from CPAs, CAs. CFAs, engineers, PhDs…..have to be kept intellectually occupied and financially happy. To […]
I am really surprised when people ask me ‘Are we in a bull run?’ Why ask – Of course we are in a bull run. Collapse of a few economies in the world – in the middle east. The European crises – Portugal, Spain, Greece, UK…well not in that order, but you get the drift […]
Many companies are becoming like the film industry. Too much of the people costs are towards the ‘star’ – which leaves very little budget for other costs. Take a movie like Paa. It could NEVER have made money if Amitabh and Abhishek were to be paid market rates. However since it was a family made […]
Long ago I had done a posting about Asiad games. One of the friends of the government Hindustan Petroleum had ‘bought’ some guest houses in Delhi – one of hem was for Rs. 5 crores. When I asked them why are they not capitalising it, the accountant laughed and said the buildings will house the […]
The Central Government have specified bonds to be issued by (i) Industrial Finance Corporation of India;( IFCI ) (ii) Life Insurance Corporation of India; (L I C) (iii) Infrastructure Development Finance Company Limited; and ( I D F C) (iv) a Non-Banking Finance Company classified as an infrastructure finance company by the Reserve Bank of […]
People are willing to pay millions of rupees for their Children’s education. Now this has to be tapped by somebody. So every politician has set up a college – true in almost every state. Now these colleges owned and run by goons need students. Easier to get students from Bihar, Madhya Pradesh, Rajasthan, UP, …so […]
What is an IDR? IDR is Indian Depository Receipts issued by a domestic depository in India and denominated in Rupees. It represents an ownership interest in a fixed number of underlying equity shares of the Issuing company. These shares are called Deposited Shares. Why should a company issue an IDR? A foreign company which cannot […]