In a severe blow to the Anil Ambani group (Adag) seeking cheap gas from elder brother Mukesh-led RIL, the Supreme Court on Friday (today 7th May, 2010) said that the Government of India has the right to the last word on pricing and utilisation of national assets like gas. The court held that all the […]
I know of a person (whose wife was cribbing to me!) who gets into a new hobby every 1-2 years. That is not so bad. He gives up on the hobby with the same enthusiasm with which he started it. It could be anything. Suddenly it could be wine making. Or Golf. Or Photography! Only […]
Amazing how many people die because they did not wear a helmet! Recently saw a news item in The Hindu. A 33 year old died falling in a ditch – work was going on, hit his head against the cable. Leaves behind a 6 year old. He was driving a bike – 15 years experience. […]
Markets fell by 240 points yesterday and has fallen 230 points already today. For people like us markets means sensex! Markets are driven by 3 factors – Earnings of the companies, the future expectations (price-earning ratio) and the liquidity in the market. In the current market earnings are at their peak – the next couple […]
This is an old idea – many people have said it. Particularly Peter Lynch has said this many times – buy things you are familiar with, what you cannot describe in a picture is not worth buying, etc. There is of course a lot of justification to own shares like Gillette, Colgate, Hindustan Unilever, ITC, […]
Is it necessary to justify your profession to the world? Is it necessary to tell the world what work you are doing and why it is adding a lot of value to the world? Who is to judge whether you are doing the ‘right’ job or no? These are all so difficult to answer that […]
IIM Bangalore has a forum…one of them had posted this Just reproducing what I found: NORFOLK, VIRGINIA – Eleven indicted Somali pirates dropped a bombshell in a U.S.court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs. There was an audible gasp in court when the leader of the […]