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The Lending Libraries of Madras

Madras (what to do, I’m still uncomfortable with Chennai and Mumbai) will always have a special place in my life.

RISE OF A PHOENIX

Let us accept the truth that Mr Anil Ambani is one who is a victim of an adverse business environment, where a range of external factors from stiff competition to betting on the wrong technology to an economic slowdown had gone against him. Life certainly has not been kind to him. Imagine once the sixth richest person in the world, with a wealth of USD 42 billion has recently given a testimony in a British court that his net worth was zero. However, he is not someone who squandered away his wealth or flew away in his private jet to a foreign country. There is fall from the grace for his group in last twelve years, nevertheless, the position is getting better and is much better than year ago. This is in spite of the continuous bashing by a fifth-generation politician. The recent developments initiated by Anil Ambani’s new lieutenants, not to exclude his sons, indicate a change for good. These are considered to be rational decisions. We believe that there will be consolidation in the group. Some of the companies not doing well are likely to meet RCom’s fate while others will lead the revival of the group.

Harnessing the Digital Giants

Even though the purpose to generate a sharper governing atmosphere for e-commerce firms in the interest of consumers is evident from the draft amendments to the electronic commerce rules under the Consumer Protection Act 2020, there is potential for business ambiguity and consumer inconvenience. Mr Shivanand Pandit, feels the government missed many points while framing the new rules.

Where Is Market Headed

The surge in the equity market has been fuelled by the liquidity boom across the globe, which is now behind us. What course will the market take from here on?

Kamleshbhai Patel & Mukeshbhai Patel Asian Granito India Ltd

Who could have imagined in year 2000 that a small 30-employee venture would shortly eclipse some of the big names in a sector which was already flooded with several companies? Still, deprived of the first moving advantage Asian Granito India Ltd. (AGIL) has come a long way. At present the company has a strength of over 6,000 people including contract labour. With the head count the Company had also achieved 40 times growth in its production capacity to around 1 lakh square meters per day clocking a net consolidated turnover of ₹1292 crore in 2020-21.

World War-D, a new Cold War

What is ‘D’? It means literally - Deception, Digitization, Depopulation, Deurbanisation, and many more…The list is long. Chinese administration has a monopoly over some of them.

Most Popular Warren Buffett Shareholder Letter

One of the greatest signs of intelligence is the ability to explain complex topics in a plain and simple manner that people can understand. This is what makes Warren Buffett such a genius. That’s not to say that he isn’t ridiculously book smart either.

KIOCL Limited Constantly Making the Country Self-reliant

KIOCL Limited is a pioneer in iron ore mining, beneficiation and iron–oxide pelletisation in the country. Established in 1976, as Kudremukh Iron Ore Company for mining and beneficiation of low-grade iron ore, it is now a Mini Ratna Category I PSU. The renamed company has been continuously making a profit and paying dividends to its investors.

Central Bank of India Scores Better (Quarter Ended June 30th, 2021)

Net Interest Income (NII) remained almost flat at ₹2135 Crore as of 30th June 21, as compared to ₹2146 as of 30th June 20 and improved from ₹1516 crore to ₹2135 crore (40.83%) on Q-o-Q basis.

The Hidden Agenda of the Climate Alarmists…

The subject of climate change has been taken over by a group of pseudo-scientists using badly flawed models, selected data, and hyperbolic claims amplified by a largely ignorant media and opportunistic politicians looking to increase their own power

When R entered in Rajya Sabha

AS was already expected from them, considering the number of scrupulous characters becoming a Rajya Sabha MP last few years, they, with their unruly conduct, did it what they had been practicing outside lowering the dignity of the House. In the Monsoon Session, some of them climbed on the table and threw files at Chairperson. Creating ugly scenes have become a daily practice. Also as expected they don’t feel shame.

Khanvel Resort Synonymous to Opulence and Grandeur

Located in Silvassa, known for the renowned Warli culture and its connection with the Portuguese, the channel resort is spread over 15-acre picturesque landscapes. Khanvel is most preferred to have a perfect wedding, against the backdrop of the lush, hilly terrain. With 9 halls, designed with a variety of seating formats it can host events that have anywhere between 20 to 350 attendees. The Resort provides a delicious assortment of cuisines ranging from Gujarati, Marwari, Kathiawadi, and Punjabi to Chinese and Continental cuisines. IE&M Team met the man behind it Mr. Nirmal Jain.

August: A Month of Transition

The calendar has shifted to August, the eighth month on the Gregorian calendar that was introduced to us by Pope Gregory XIII and came into general use in 1582. The word august, which derives from the Latin, can mean majestic dignity or grandeur. If you were born in August and have any interest in astrological signs you probably know that you are either a Leo, a lion full of energy (July 23 to August 22) or a Virgil (August 23 to September 22), who are described as logical, practical, and systematic in their approach to life, an earth sign.

COVID-19 - Is It A Black-Swan Event?

It often happens that, the thought of fear itself is greater than what it is we fear. The stock market is currently experiencing the same. It is feared that deadly Coronavirus could tip the world economy into recession. The correct assessment of the impact would be difficult now as situation is quite fluid. The emergence of new centers of infection outside of China is fueling concern that the outbreak could become a global pandemic, rattling financial markets. Nevertheless, it presents an opportunity to India. The current software industry in India is also a product of similar opportunity presented in year 1998 due to Y2K problem.

The Robo Investment Advice

Most of them are copycats of the US models.

​Master Drawings

The cultural life of New York City is forever vibrant.

Will MSP Theory Work For Farmers?

Finance Minister Arun Jaitley has announced that MSP (Minimum Support Price) @ 50% above the cost of production will be given to farmers for Kharif which will start coming in the market in Sept-Oct. He also said that the MSP is being implemented for 23 crops of Rabbi.

Annual General Meeting Of Berkshire Hathaway

Try to Stay Rational Like These Two Gentlemen

Rajya Sabha Is A Relic Of The Past

Probably the first time the loud mouthed Samajwadi Party leader and Member of Parliament Naresh Agarwal raised an important issue in the Rajya Sabha when he attacked cricketer Sachin Tendulkar and actor Rekha, asking them to resign if they are not interested in the Parliament.

Udan To Re-Write Aviation Script

With an endeavour to make regional connectivity easy, the PM flagged off the maiden flight between Shimla and New Delhi under government’s UDAN (Ude Desh ka Aam Naagrik) scheme.

Let's Go To China

“Chinese investors are not looking at established mega-corps, but instead they are looking at new companies that can be scaled up to support by way of capital and technology.”

Towards A Cashless India

This is the concluding part of the three-part series of our discussion on cashless transactions. In the first part of this series, we discussed the advantages offered by digital transactions and its potential to change the way the world transacts.

The Ever Increasing Widening Gap Between Demand For Labor And Its Supply

Data from various government surveys indicates that the ratio of the number of students who earned higher education degrees to new jobs created had worsened from 9x for the three year period FY11-13 to 27x for FY14-16.

GST: What's In Store For Investors

The Goods and Services Tax (GST) is effective and its impact will be felt by one and all as prices of a large number of goods and services are going to change.

Is This The Time To Add Risk

No one can predict when the disaster will strike. It comes without giving any warning.

Curtain- Raiser For The New FY

Curtain- Raiser For The New FY

What It Says About Future Equity Returns

Whenever the secondary market booms, come the promoters of companies with their IPos, enthusiastically supported by pink papers. Investors are lured in such a way with the euphoric feelings and intense excitement that, even after having burnt their fingers in the past, still they come again believing the party will continue ad infinitum.

Has The Popularity Of Value Investing Ruined Its Attractiveness?

Has The Popularity Of Value Investing Ruined Its Attractiveness?

A Separate Policy For Hybrid Instruments Soon

Union Finance Minister Arun Jaitley in his Budget for 2018-19 said the government’s policy think-tank NITI Aayog would start a national programme to direct efforts in artificial intelligence, including research and development of its applications. He also highlighted the Start-Up India programme and a venture capital industry-focused taxation regime. He said the government would take additional measures to strengthen the environment for their growth and successful operation of alternative investment funds (AIF) in India. He said that the government would evolve a separate policy for hybrid instruments – convertible bonds, preferred stocks, equity swaps and structured notes – to attract foreign investment in startups and venture capital funds.

Bharat-22 Exchange Traded Fund (ETF)

The government has launched a new ETF under the name Bharat 22, which will comprise shares of 22 blue chip stocks, primarily to help it to sell its equity stakes in state run firms and also achieve its objective to raise ₹ 72,500 crore through disinvestment in FY18.