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
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
