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…
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…

The fiasco around extended trading hours for the Indian stock exchanges is a perfect example of the left and right legs walking in opposite directions. The incident highlights the arbitrariness of the decision-making process at the BSE and the NSE.
SEBI has been working on longer trading hours, and issued an >>read more…

Recent outrage on the raw deal investors have got with Osian’s art fund would be funny, if only many “innocents” hadn’t got burnt. Talking about manias, this was surely one – or at least a micro-mania! The fund raised over Rs 1 billion, and several others (Edelweiss Capital Yatra Art >>read more…
Last week at the World Association of Newspapers (WAN) conference in Hyderabad, one was treated to intense and often heated debate on the future of newspapers. Putting this in context, newspapers have long been losing subscribers and advertisers to the Internet, and the economic crisis has severely aggravated >>read more…
Last week in London, at a conference titled Legal Process Outsourcing and Offshoring [http://www.sourcingnotes.com/contents/LPO_Conference.php], I had the unique opportunity to interact with senior lawyers representing both private practice and general counsel. And, as the day progressed, a few impressions congealed in my mind.
>>read more…
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