Last month, during earning’s season, the financial media and analyst community were up in arms over Tech Mahindra’s alleged “aggressive accounting methods”. The issue overshadowed all others during the analyst’s call, so much so, that Tech Mahindra’s vice-chairman Vineet Nayyar is quoted (in the Mint) as saying, “I’m >>read more…
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Earlier this week, while at Terrapin’s India Investment Summit 2010, I got a full dose of the learned views of fund managers, economists and other experts. Much of this comprised the usual “politically correct” themes that one hears at most conferences. There was a consensus that India >>read more… In a recent column in the Indian Express, (Lord) Meghnad Desai came up with a fantastic theory. He speculated that the recent spate of attacks on Indian students in Australia were not a result of lawlessness or racism – the two prevailing arguments. But instead he proposed that >>read more… Market sentiment is fickle. Analysts and media seem compelled to manufacture reasons (post-facto) for why the market is going up or down. So one day the Nifty rises because FIIs feel that India is a great long term story. The next day, it collapses because China may reduce >>read more… In India, we have a habit of running to the government (or blaming them) every time something goes wrong. This is no doubt a result of our socialistic upbringing, a legacy most adult Indians find hard to shed – even the most die hard, born-again capitalists! Today, >>read more… The new year invariably brings out predictions from a variety of armchair critics, so why should I be different? After all, I’m actually sitting in my armchair right now! In an attempt to be different, I actually resisted the temptation initially, but finally succumbed. So even though >>read more… |
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