INDIA: EMERGING MARKET CAUGHT IN EXTERNAL FACTORS
Jun 16th, 2006; Source: The Financial Express
Saying “I told you so” has a curiously unsatisfying quality to it. That the market was crazily overvalued was apparent to most, but when the Sensex was rising so much , it was hard not to lose one’s conviction. However, even during the Sensex’s upward march, a sequence of events was beginnin ...ReadMore
HANDLING THE LESS HOSPITABLE ENVIRONMENT
Jun 2nd, 2006; Source: The Financial Express
Prasanna, who helps with the housework at my parents’ home in Delhi, told me on my recent trip there that he had put a substantial part of his savings into the stock market. Not only that, he had also borrowed from a friendly bank to leverage his investment. The recent correction, needless to say, ...ReadMore
PLANNING AT A PREMIUM IN THE GOVERNMENT
Apr 21st, 2006; Source: The Financial Express
At some point, it gets totally beyond one’s comprehension. The municipal body resurfaces the roads in your neighbourhood just before the monsoons and just as you begin to applaud their effort, they dig them up again. There is this constant activity on the same roads. Workers busily lay tar, and th ...ReadMore
GET AHEAD OF THE CURVE WHEN TIMES ARE GOOD
Mar 24th, 2006; Source: The Financial Express
Rahul Dravid’s decision to field first in the Mumbai cricket Test that ended in disaster for India was an example of misplaced confidence. When you add the fact that the Wankhede pitch is a nightmare to bat on in the fourth innings and that the Indian team went in with only five recognised batsmen ...ReadMore
REPUBLIC DAY RUMINATIONS ON WHAT AILS OUR NATION
Jan 27th, 2006; Source: The Financial Express
It is now handily over 50 years since India became independent and our Constitution was adopted with India becoming a democratic republic. The idealism with which the country embarked on its journey has been dissipated somewhere along the years. I shall list below what I think are the major problems ...ReadMore
STRATEGIC INVESTORS SHOULD AIM AT REAL VALUE CREATION
Jan 13th, 2006; Source: The Financial Express
Hedge funds know how to pick stocks and make lots of money, particularly with stock which they can “trade at will”, unburdened by inside information or other constraints. But, that is not the same thing as creating value through ownership of an asset over the long-term in a hands-on way. Henry K ...ReadMore
THE ENGINE TO DRIVE INDIAS FUTURE GROWTH
Dec 16th, 2005; Source: The Financial Express
Recently, I had the good fortune to judge two MBA student activities, which I found were quite interesting. The first event was part of a national business school debate competition called Acumen. The topic of the debate was ‘Manufacturing, and not services, is the true measure of the health of th ...ReadMore
UNLEASH DEMAND BY DRIVING DOWN PRICES
Dec 2nd, 2005; Source: The Financial Express
India’s economic development model is unlike most other emerging market countries. The Japanese one was export-driven and was subsequently emulated by the Koreans and Taiwanese, then the other Southeast Asian tigers and finally, China. Unlike these countries, India has yet to emerge as a manufactu ...ReadMore
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
