This week had some interesting events….
– a friend was offered a 30% discount on a retail purchase of a flat in one of Mumbai suburbs
– a lovely property belonging to Hindustan Unilever Ltd. did not find any buyer in an auction – at Worli
– one girl was killed in Delhi by a bus. She was walking with an Ipod – and did not hear the bus.How do you tell the kids in the office such a morbid story to drive home the point? Hey kids take care of your lives!
– Welcome FDI in retail. Is this the end of the Kirana stores? Not so, says my kirana store friend. Who will give your mom 50gms of kismis, kaju, elaichi? My mom refuses to buy more – she prefers buying fresh whenever she needs instead of stuffing all this in a fridge. Well the Kirana stores have a few more years to go.
FDI in 53 cities says UPA. Well Jayalalitha, Mamta, Maya have screamed murder already. BJP is confused. UPA states like Maharashtra will follow….not very useful UPA!
When FinMin announced a limit of US $ 10 Billion for FII investments in Indian mutual fund (a few months ago) a TV channel wanted a byte. I said ‘it will not attract any money’ ..she was shocked and decide to use somebody else’s quote. Now the figure is NIL. Still waiting. Given our cost structures – and commission structure I think it will be NIL for some more time. Only fund that is likely to get some money is the banking etf. Clearly when you cannot buy shares of SBI directly, you need to invest in the bankex – through a Bank ETF….:-)
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