The caveat: I really do not read the news paper. However yesterday a friend pointed out an interview of Mr. Azim Premji in Economic Times.
One quote was: “Subhiksha was unfortunate. I think it is a retail equivalent of Satyam. I think the media has completely ignored it, its a very interesting minefield for you. It [...]
Indian market today is a very difficult market to please. Is the end client really difficult to please, I am not sure but the distributor is very difficult to please. And the last mile connect is the real tough nut to crack. Whether it is your cable television provider deciding not to give you UTVi [...]
If I asked you what is common to Harshad Mehta, Ketan Parekh, Hometrade, Madoff, ‘Sir’ Stanford…you will find the answer very easy, correct?
All of them played with other people’s money and defrauded millions…What was common to their victims?
None of them played with small people’s money. The victims (yes there were some small people too) were [...]
A group of ‘friends’ put up a stall in a ‘fair’. One game that belonged to me was the main attraction. Many people came to our stall…and did a lot of things. 3 older ‘neighbors’ split the money among themselves. All of us in smaller classes – below class VI – were left sucking our [...]
Yesterday I met a pharma distributor. He is really huge – and controls a full state. Just to hide his identity will not reveal which state. He was talking about retail margins in the pharma industry. First of all the ‘billing’ price is far, far below the MRP (which incidentally in India is a fraud). [...]
If you are a little confused about the title of this story, well you should not be. Many people confuse cheap to be inexpensive. Wrong. Cheap is normally meant to denote quality, inexpensive to describe price.
Here is a great life insurance agent who met a client. Unfortunately I had not known her client…I met the [...]
this appeared in reuters.in in their personal finance section in my byline..
Once in a while a man comes along and takes people for a ride. What is amazing about Madoff’s scheme (how funny that he should call it a Ponzi scheme!) Ponzi scheme was actually much smaller. I think it should now be called Madoff [...]
Frankly this is the only ‘advice’ that I give to senior citizens. What does it mean?
Well thanks to aggressive selling of mutual funds, life insurance, and of many other products – financial and non financial – senior citizens are also being harassed by salesmen with their vares.
What exactly should senior citizens do?
Well it is a [...]
A senior official in the corporate affairs ministry told ET that “Icici Ventures wants a probe covering the entire working of Subhiksha to uncover possible mismanagement”.
This is amazing. Icici ventures has also said that the accounts for June 2008 has not been presented to the Board of directors. And yet in Oct, 2008 they found [...]
About 4 years ago I was offerred the job of an Internal Auditor in a leading life insurance company. I did not seriously consider that option because I realised that the role would be that of a faithful dog. You had to stand in front of the Board and say things are just fine. It [...]