HIATUS WILL FOLLOW THE BULL RUN
Oct 7th, 2005; Source: The Financial Express
The question on everyone’s lips today is, what next? How much more will the market go up? It’s the hot topic of conversation, having pushed current political developments, cricket frenzy and the latest Bollywood releases into the background. These are heady days, when talk of market re-rating, F ...ReadMore
Aug 26th, 2005; Source: Financial Express
The Financial Express The next several decades will hopefully see the further emergence of India on the world stage. While things are gradually improving, they are not improving fast enough. While there is a recognition at the very top of most political parties that things need to change quickl ...ReadMore
NURTURE HUMAN TALENT FOR FUTURE GROWTH
Jul 1st, 2005; Source: The Financial Express
Last fortnight, I wrote that India is heading for a sweet spot in terms of growth and future prospects. One of the primary factors contributing to this is the high quality of India’s human talent, both within and outside India. Let’s first take a look at Indians outside the country. There are th ...ReadMore
ALTERNATE WAY TO ADD VALUE TO A BUSINESS
May 20th, 2005; Source: The Financial Express
In my previous article I talked about the concept of adding value. And will now discuss two different ways of creating value—from operations and from financial engineering. Let’s start with a look at telecom stocks. Six-seven years before, these were doing better than Internet stocks. Then came ...ReadMore
ENHANCING MARKET VALUE OF COMPANIES
May 6th, 2005; Source: The Financial Express
In corporate circles, there is always talk about creating “value.” Managements are forever striving to “add value” and to undertake “value enhancing” or “value accretive” activities. But ask a typical senior manager what this “value” is and you will not get a convincing answer. I ...ReadMore
SCARCE LIQUIDITY MEANS RISK-AVERSE FIIS
Apr 22nd, 2005; Source: The Financial Express
Last fortnight, I wrote about the uncertainty in the commodity cycle going forward. On the macro-economic side, the picture has just become more complicated, with the release on Wednesday of US inflation numbers for March. Consumer prices rose by a larger-than-expected 0.6% and core CPI was at 0.4% ...ReadMore
SUPER CYCLE OR SUPER CORRECTION?
Apr 8th, 2005; Source: The Financial Express
We live in an uncertain world. This has been more than amply proven by developments in the commodities world over the last two years. Prices of most commodities have gone up by far more than anybody anticipated, or could have anticipated. The best example is oil where prices over $50 a barrel are no ...ReadMore
DEMOGRAPHICS WILL POWER OUR GROWTH
Mar 25th, 2005; Source: The Financial Express
Every fortnight when I write this column, it is hard not to be torn between optimism about the long-term prospects of our country, and despair about our inability to get our act together as a people. Madeleine Albright once said about Yasser Arafat, “he misses no opportunity to miss an opportunity ...ReadMore
A DELIBERATELY NON-DRAMATIC BUDGET
Mar 11th, 2005; Source: The Financial Express
This close to the Budget, it is hard to resist putting down one’s views on it. Great things were expected of this ‘dream team.’ The media, as is their wont, duly hyped the Budget, and expectations were sky high. Against this measure of public expectation, did the Budget disappoint? I fear the ...ReadMore
FOCUS ON GROWTH AND SECTORAL REFORMS
Feb 25th, 2005; Source: The Financial Express
The Budget is always an important time in the Indian economic calendar. It is hard to escape all the attention and hype that surrounds it. Housewives are solicited for their opinions, economists spout wisdom, tax experts spring forth and give nuanced positions, business people ask for tax cuts, the ...ReadMore
