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Wockhardt and then Emaar had withdrawn their IPOs. Withdrawn was a joke. The public did not buy them, therefore the issue had gone back. What was the learning? Even a rising market nobody, really nobody has any interest in saying that the issue is overpriced and the end customer should not subscribe. A greedy promoter [...]
Many people ask me why I suggest New India for medical insurance, but never suggest LIC for life insurance. The answers are simple. Medical insurance is a simple product and the probability of getting a good interpretation of the policy is quite high with New India. In fact if you have not lied in the [...]
A couple of days ago I got a mail saying “Insurance is a waste of money. I am 62 and never needed it”. It is such an amazingly stupid statement I could not believe it. ‘I’ have not needed it does not mean ‘nobody’ needs it. So it is foolish to talk like this. It [...]
This Diwali a lot of people are going to make a demand on your money! One of them seems to be builders who have all lined up schemes to sell property to you. However you must have seen and experienced – a very small portion of the cost of the house is paid by the [...]
India now has a pension scheme which is open to all its citizens, has an element of equity, and is expected to work wonders for all of us. Let us see some of the features…..
Any Indian citizen between 18 and 55 years can join the National Pension scheme launched by the Government of India (Pfrda). [...]
George Mathew & Swarup Chakraborty of Indian Express Mumbai have done the following story:
At a time when banks are slashing home loan and other lending rates, they are quietly hiking the interest rates on credit card outstandings.
Since October 2008 banks have raised interest rates on credit cards, some by over 4 per cent per [...]
Why is it that in the case of Satyam and in the world wide mess it is largely the equity shareholder who is losing? Welcome to the world of moral hazard.
When you lend money to a bank (which may be insolvent even as you are lending) or to a country (which technically cannot become insolvent [...]
March is the month that insurance companies, mutual funds, their agents, banks, relationship managers, etc. love! Throughout the year sales of all these products have been taking a hit. All life insurance companies are funded by the strong and rich parent – SBI, Hdfc, Icici or the foreign counterparts.
One branch of one life insurance company [...]
A few days ago India’s largest bank dropped its interest rates on home loans to 8%. This is nothing short of sensational – considering that at the same time one of the top Indian groups (let us say Bluest of Blue) are willing to borrow in the same market at 12% per annum!
However, I have [...]
If you have been following my blog, you may have seen more articles about ‘renting vs. buying’ here is the next instalment.
“If I buy a house, I get a tax break.”
Business men also get tax breaks when they make losses or incur expenses! As do share buyers, – all are bad deals! The interest on [...]