UNLEASH DEMAND BY DRIVING DOWN PRICES


2nd Dec, 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 manufacturing outsourcing... Read More


HIATUS WILL FOLLOW THE BULL RUN


7th Oct, 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, FII inflows and market... Read More


The short-selling of India


26th Aug, 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 quickly, the inertia of... Read More


NURTURE HUMAN TALENT FOR FUTURE GROWTH


1st Jul, 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 three clear patterns... Read More


ALTERNATE WAY TO ADD VALUE TO A BUSINESS


20th May, 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 the big meltdown and... Read More


ENHANCING MARKET VALUE OF COMPANIES


6th May, 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 It is important to... Read More


SCARCE LIQUIDITY MEANS RISK-AVERSE FIIS


22nd Apr, 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 06% and core CPI was at 04% This is the highest... Read More


SUPER CYCLE OR SUPER CORRECTION?


8th Apr, 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 longer pipe dreams... Read More


DEMOGRAPHICS WILL POWER OUR GROWTH


25th Mar, 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,” and I fear this... Read More


A DELIBERATELY NON-DRAMATIC BUDGET


11th Mar, 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 answer is not a... Read More