If you are in the financial services business or in the Information Technology business, remember competition can come from anywhere. When SGX saw an opportunity in the Nifty futures, they said, lets do it. Now while NSe has to get up every morning and worry about service tax, stt, Gaar, ..and well an occasional bandh […]
This year the xbrl return filing is likely to be extended to a bigger range of companies…Not sure whether and if it will happen, but that is what one hears. Last year was the first year of xbrl filing and year ending March 2012 will be the second year. Tagging of the 3 financial documents […]
1. Why do mutual fund distributors pay Rs.2500 to Amfi for a period of 3 years? What does Amfi do for them? Is it not a body representing the big mutual funds? Assuming that there are 100,000 active distributors (conservative because this includes bank employees too) we are talking of an amount of 2500 * […]
No, sorry you will not find the answer here. I do not want to join the cacophony out there. However I have found the following types of answers: 1. I do not know what to do, so no comments. 2. I will do what the big boys are doing. Pssst…do you know what the big […]
It was really long ago when I met Mr. Ramesh Chauhan, the erstwhile owner of Thums Up, Limca and Gold Spot. It was some time in the early 1990s that this deal happened. I was asked to do a valuation of the brand – and well, I did it. The final selling price was very […]
The world has told Sachin Tendulkar when to retire, but nobody wants to tell Sunil Gavaskar when to retire. I am sure he will be in the commentary box when Arjun Tendulkar retires and continue to say ‘you should go …in glory and when the world asks ‘why’ and not ‘why not’?. LOL. I guess […]
No clue how the market will react to this news of Fidelity being taken over by L&T Mutual Fund! I have had a couple of calls from investors in equity schemes who may pull out their money. However Fidelity has a lot of institutional debt which may not panic from this change of management. It […]