Good Read: How Long Is A Quarter? 6 Months If You Are This Indian “Startup”

I came across a couple of interesting articles on Reliance Jio (Mukesh Ambani's $38 billion "start-up") suggesting that the accounting practices (just like a lot of other things at the Ambani Group) could be dubious. I want to write something on valuation and Indian equity markets since a long time...meanwhile do read this article. Ambani’s... Continue Reading →

Chanda Kocchar, Videocon case and test of “ना खाऊंगा ना खाने दूंगा”

Some interesting stories have unfolded in the Indian Banking and Financial Sector in last 1-2 months. First, there was the Nirav Modi and Punjab National Bank scam, and since then many Banking frauds or scams are coming in light. But there is one peculiar story that is still not being seriously pursued. Few days ago... Continue Reading →

Good Read: Definition of A Bank

Brilliant Definition Of A Bank... A bank is a broker between the middle class and the rich. The only place where the two meet is in a bank. The middle class brings the money, through saving, and the rich takes it, through borrowing. A middle class person saves the money because they have more money... Continue Reading →

Magnitude of Demonetization (?)

Prime Minister Modi announced on 8th November 2016 the decision to withdraw highest value currency notes vix. Rs. 1000 and Rs. 500 and replace them with new Rs. 2000 and Rs. 500 notes. RBI also mentioned that new Rs. 1000 notes would be issued soon. In that sense this decision cannot be termed as "demonetization" in... Continue Reading →

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