I know one lady whose husband is a graduate working in the Gulf. Typically like every Gulf employee he too is paid better than say an India job, but you really cannot get RICH on a job as a clerk. So her get rich quick schemes have included collecting money for shady chit funds, shady […]
I have been inundated by brokers and issue managers alike about why the Stan C public issue of IDR (Indian Depository Receipt) is such a great product. I agree. I would love to have a big global bank with aggressive growth plans in markets like Asia, Africa, …and other parts. So inspite of the fact […]
What is an IDR? IDR is Indian Depository Receipts issued by a domestic depository in India and denominated in Rupees. It represents an ownership interest in a fixed number of underlying equity shares of the Issuing company. These shares are called Deposited Shares. Why should a company issue an IDR? A foreign company which cannot […]
It is still a White Man’s World. And risk perception is decided by the White man. So if he says risk is in emerging countries, well it is time we told the White Man that risk is to be priced that is all. Frankly the Western World is in denial about the Greece problem. There […]
Most financial planners and personal portfolio managers are questioning their basic assumption of asset allocation. In the year 2008 asset allocation failed. This of course is their conclusion based on a set of data. Data is accurate but the conclusion seems to be a little flawed. In the years from 2002 to 2007 (when Mr. […]
This is of course the old classic question – “When there is a festive sale and you can get 3 shirts for the price of 2, what do people do?” People rush to the shops. However when the 21000 index is available for 12000 what do people do? They sell. Well if you have a […]
I was talking to a friend in the US of A…he was amused by the statement of some of the “big” banks who said “we will recover our sub-prime losses by our fee-income in Asia”. Fee income in Asia – read India and China has to go up so many times :). Read an article […]