A friend was investing in a company which was listed about 2-3 years back, and he was about to invest Rs. 20 crores. Not a small sum and he just chatted up with me. He mentioned and asked me whether I knew the company. Sadly, I did know and did not know anything good about […]
I wanted to do a book review of Rashmi Bansal’s book for a long time. A few kids of the 2007, 08 batches of her own college ‘IIM A’ had not read the book…and they were not keen to. The book is a fantastic hit at knowing that the author who is remembered is the […]
http://www.subramoney.com/personal-financial-planning-workshop/ 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 is an out and out fraud, there is no […]
Famous words of Mr. R Subramaniam (Subhiksha, Subiksha fame) The problem is that Indian retail was doing too much, too soon. The kind of investments and expansion that Indian retail was attempting was unprecedented. We ourselves added 1,500-plus stores in under 24 months — even for a small store format, this would surely be a […]
If you have wondered how the ultra-rich manage their money, welcome to the world of Family offices! Family offices are private advisory firms that serve ultra-rich clients. When a client has a large amount of money to be managed and needs a full fledged infrastructure to do that – a banker, a Chartered Accountant to […]
I have answered this question millions of times in my training and teaching sessions. And there are no clear answers. However students who ask this question need to understand that being ethical may be an end in itself. If something is an end in itself, how does it matter whether it should be done or […]
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 […]