Well, well. State Bank of India got a new Chairman and he wanted to start on a clean slate. Well the new broom cleans well…and it did. He decided to provide for the pensions as well as clean up the NPA requirement. This is a very bad reflection on O P Bhatt who had hidden […]
No this is not a simple post on the Oracle of investing…but just clearing the air for some people. Who is WB? He is a brilliant investor. There is no doubt that he has created a lot of wealth for his shareholder. Does it make him the greatest. Well we will discuss that later on. […]
I have nothing new to say..but surely this group is starved of ‘income’ and therefore cash flow. The markets especially equity markets love cash flow and certain cash flows at that. If certainty and cash flows are missing, the p/e takes a hammering…so the market capitalisation of the group is down…from great heights reached. Ok […]
Whenever I look at the airline industry I wonder how they make money…for the shareholder. All airlines buy planes from the same companies, fly to the same airports, recruit from the same talent pool (well largely), have the same set of shareholders….how will the end product be different? Well I have no clue, but I […]
Recently saw a ‘reputed’ group promoted life insurance company treat its employees shabbily. Norms were made to sack people. So a large scale sacking happened. When the large scale recruitment and branch opening was happening we were at the side lines saying ‘chuckle, chuckle…’ Now we cannot say chuckle, chuckle,…because a few thousand jobs have […]
A good question. Let us start at a very different place. Have you ever searched for tickets on the net? On many travel sites? Have you got DIFFERENT answers? Different prices? Have you noticed that many websites behave like Indian Airlines (Air India?) does not exist? And in many places they are CHEAPER than the […]
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 […]