Subramoney was the only blog which did not have a view on the most important media event of the day at 11am. So I decided to write my views (at 8 pm Wednesday) on PC’s budget to be presented on Thursday…here it is. It is the only post (I challenge you) to have such a […]
If you went back in time, most ‘middle class’ people were spending a big fortune of their income on ‘essentials’. Imagine in the 1980s – a person earning Rs. 5000pm (almost a HUGE salary!) – could have been spending Rs. 2000 a month on household expenses. This was about 40% of the take home salary. […]
After the fate of IFRS in India, people are wondering will XBRL stay? Or will somebody push it to 2015 and beyond? The answer is really difficult. Let us look at what is happening to XBRL worldwide. The US’s SEC started it slowly – for the top companies – but has now mandated it. BSE […]
This article is not really about Anna Hazare but a link that I have attached talks about him…. The USA and the small country of Singapore deal with the same problem in a very different manner. One has solved the problem, the other has not and will not. In Singapore if you are caught with […]
Cholamandalam DBS did a private placement of its shares @ Rs. 92 with IFC, Washington. This is just a small story. There is a website which sells financial information…this statement is hilarious. You should read it. It quotes Reuters…and says Chola has 2 subsidiaries – Murugappa group and DBS Bank in Singapore…read on! http://www.alacrastore.com/company-snapshot/Cholamandalam_D_B_S_Finance_Ltd-2507782 and […]