An old market timer told me, when Dhirubhai suspected a selloff, he would be the first short seller of his own stock and buy back later. I was stunned. Simply genius.
A friend of mine says anything is possible in India.
India Mysterious Disappearance Of โน500 Notes Worth โน88,032.5 Cr Raises Security Concerns For Indian Economy
NSE made Rs2000 cr by violating SEBI rules and is made to pay Rs1 crore! We are signalling that it pays to commit financial offences, which is why they would keep recurring. My piece in
@bsindia
Suddenly, all the market people, who were acting like bhakts are angry. Some even want a strong opposition. ๐ When Self-interest is affected how quickly our opinions change. ๐
#LTCG
#debtfunds
#stthike
Mr Narendra Modi has enjoyed unstinted loyalty from the business, financial and investing community. They are miffed now. What did they miss? A lot. My piece in
@bsindia
today
1. What is opt out? When did we opt in?
2. Does Bajaj Finance only call people who need a loan.
3. Are there no other loan providers?
This is dumb arrogance
Urban Maoists live in AC surroundings, move around in big cars and their children study abroad, but they ruin the lives of our poor Adivasi youth here through remote control. Why is Congress supporting these Urban Maoists?: PM Modi
#ChhattisgarhElections2018
Entitled Indians.
1. This guy shows some id and wants to go free.
2. The toll staff rejects. We are held up.
3. Finally pays by credit card.
4. Shouldnโt there be a system to take him to the side and clear the road. Also detain to send a message?
@nitin_gadkari
@suchetadalal
PM Modi is suddenly talking about privatisation of PSUs and worshipping wealth creation by the pvt sector. But what about these actions of the Modi regime over the last seven years? My piece in
@bsindia
today
Disaster recovery site did not start after 45 minutes as mandated; no prior warning before restarting market; interoperability failed; shifting blame and yet
@NSEIndia
not held accountable. My piece in
@bsindia
today
Sachin Bansalโs Navi offers home loans at 6.4% for ticket size range of Rs 20 lakh to Rs 5 crore and for tenures of up to 25 years. But look at this condition on app installation.
Dr Chava of Laurus rereads two books every year. I try to reread Taleb's works. And this two and half hour video that is worth watching once every year.
Banks (as usual public sector ones) are hit hard by bad Mudra loans. Time to bury this wasteful scheme -- a souped up version of Indira Gandhi's infamous loan mela.
If the market becomes highly volatile, will retail algos (unregulated), with hooks, incentives, easy of use and rapid trading, set off a vicious cycle, like program trading of 1987 crash? My piece in
@bsindia
today.
Zomato raised 9000 cr of cash. At the current rate, it will lose Rs1500-2000 cr every year. Unless something changes. Meanwhile, we can pour over a FY41 DCF, except that CF in DCF stands for cash flow ;-). Also, wait for that rights issue eagerly.
Why
#FranklinMF
fiasco will keep recurring. Because of everyone in the MF ecosystem have less skin in the game than investors.
My piece in
@bsindia
today.
#FranklinTempleton
- Many people excited about a chemical company.
- Checked with my sources.
- It seems some well-known investors are managing the counter through Calcutta brokers ๐คจ
When you pay a hefty toll, you expect a smooth ride. Sadly, poor maintenance, dust, potholes, and waterlogging have made commuters dread travel on the Delhi-Jaipur stretch of National Highway-48.
Take a look:
From the PM to Unions ministers to CMs of BJP-run states, there is lot of talk of companies leaving China and how India should try to attract them. Is it a smokescreen?
My article in
@bsindia
today
Justice system in India is a lottery with odds stacked heavily in favour of the powerful. It was sheer luck that the case came up before Justice Gautam Patel.
There was a consensus view that this year's budget would be "revolutionary". How did this false consensus get formed among the smartest of businessmen and fund managers? Through a psychological process called "wilful blindness." I explain this in my
@bsindia
piece today.
A 6 km run will help you lose just 315 calories. Most people donโt count. They think oh I have exercised enough, I can eat a few of parathas. They will put right back what they lost.
In every ongoing market crash. we remain optimistic after the first big decline, because we are not trained to visualise second- and third-order effects. This time may not be different
Irony of life. Lossmaking companies deliver smooth user experience while insanely profitable Kotak, ICICI Bank (and HDFC Bank I am told), are infinitely infuriating
Very high quality free knowledge is everywhere. But knowing is not doing. Itโs only doing that counts. When I pointed this to someone who seems to know a lot more than he does, he said: Yeah, I know that too. Thereโs even a book called The Knowing Doing Gap! Talk of irony ๐๐๐
First PSBs create massive bad loans by reckless lending. Then they dont have enforceable securities and personal guarantees. And now, they are gaming the bankruptcy process. My col in
@bsindia
today. But no surprise to those who have been reading me on IBC since 2017 Sept.
One of Rahul Gandhi's answers in a combative interview with the Indian Express. What does he mean? What model is talking about? A liberalised economy? If so, is he saying the Congress is abandoning liberalisation and reform?
I am for inheritance tax.
But before that, I am also for my Rs 15 lakh share of kala dhan from Swiss Bank accounts ๐
They say any rubbish and we debate passionately. ๐คก
The whole Tata group is now a goldmine for investment bankers and PEs. What amazing possibilities of marrying narrative + billions of dollars of deals.
#BREAKING
State Bank of India files application in the
#SupremeCourt
seeking extension of time till June 30, 2024, to furnish information regarding
#ElectoralBonds
to the Election Commission.
As per SC judgment, SBI has to furnish the information to ECI by March 6.
Bad loan resolution is a big success? If 84% is written off and nothing happens to promoters and bankers acting in collusion why wonโt it happen again ?
Beyond the
#FarmersProtests
, under the new farm Acts, who will enforce the contracts, quickly, easily and inexpensively? Worse, there will be no access to courts, because the law does not allow it. My piece in
@bsindia
today.
#FarmersBill
The day when the whole country went mad with mass hysteria, clapping, banging utensils, and what not, at 5 PM today exactly 4 years ago.
#RIPJanataCurfew
I am a fan of Tesla, would buy one if available in India.
But I donโt want to buy a China made Tesla. I am sure most Indians would support Indian Govtโs embargo on Chinese Teslas.
We will wait
@elonmusk
How many lessons here ? 1. Yes, politicians control cooperative banks openly. 2. No RBI and MoF donโt care. 3. In media, the right hand is unaware of the left 4. No, politicians are not responsible when a coop bank collapses 5. Citizens go through life ignorant and pay the price
Proud moment for India. French court orders freeze of Indian diplomatโs residence because the Indian government wonโt pay up the arbitration award. You can bully your own citizens but it doesnโt work elsewhere. Someone please tell the Rajas.
While this regime has its own share of economic follies, Dr Manmohan Singh's criticism of the Modi govt, hides more his own spotty record than what it reveals. My piece in
@bsindia
Businessmen have started to speak about overregulation which is stifling growth and preventing job creation. But what if netas and babus deliberately don't want to do anything about it. My piece in
@bsindia
toda
Tax laws have become more draconian, the govt sets stiff, targets for tax officials who have got more powers to harass us. So, taxpayersโ charter joins to the long list of deceitful slogans and false promises that governments excel in. My piece in
@bsindia
High Margins:
OPM: 29%
NPM: 19%
High Returns
ROCE: 42%
Low Valuation:
Market cap/cash flow: 10
P/E: 14.5
Impossible to find this combo. And yet, no takers. It's not a micro cap either. Market cap: Rs6000 cr. What does the market know about Glenmark Life Sciences?
Banks get only 4.15% from Videocon insolvency
Bankers will lecture that loans can go bad due to business failures. As any banker or borrower knows, there should have been personal guarantee. If not, it's corruption. That's the case with most PSB loans.
In 2000, the top market speculator used to say, I know who is holding what. I have complete control over the floating stock. How will my (rigged up) stocks come down?
Any comparison to a certain current set of stocks is purely coincidental. ;-)
Centre: We will use Government logo in PM Cares Fund, we will use the PMโs face and name, we will make appeals for donations through all official channels but we wonโt answer any questions because it is a private fund and Govt has nothing to do with it.
What exceptional logic!!
The rot in NSE goes back decades. Shocking but true, Chitra's appointment was illegal. Look at the eminent men who rubber-stamped it. Sebi looked the other way. One of the many
#NSEScams
. All in our book.
Top bank lenders to DHFL. They all have something in common.
SBI
BOB
BOI
Union
Canara
Syndicate
Indian
Central Bank
PNB
IDBI
OBC
Dena
Punjab & Sind
Andhra
Indian Overseas
BOM
The reason why they are all among the top, is also a common one.
An August 28, 2021, a Wall Street Journal article said, the 3 cardinal rules of stock influencers were: 1. Be relatable; 2. Sell the dream; 3. All bulls, no bears.
Harshad Mehta had figured it out in 1992 ๐
A 5 day week culture is not what a rapidly developing nation of our size needs.
Our PM
@narendramodi
ji works over 14-16 hours everyday. My father used to work 12-14 hours, 7 days a week. I work 10-12 hours everyday. We have to find passion in our work and in Nation Building.
Germany succeeded in controlling Covid by a combination of robust health care system while Angela Merkel (herself a PhD in quantum chemistry) consulted early with scientists, initiated largescale testing and then coordinated with state governors. And we?
#ILFS
is Indiaโs biggest scam, fittingly the first full blown scam by IAS officers. Scores of them and their relatives are involved. The cabal that ran ILFS is being well-protected so far. ILFS got a new MD on 3rd April who is close to the cabal.
An NBFC with 90% Gross bad loans!! Never seen anything like this. Hope the top management goes to jail for running this institution to the ground & triggering system wide impact.
NSE will make 3600 cr this year.
SEBI asked them to pay Rs1000 cr for
#NSEScams
.
They are fighting the order.
NSE remains the SAME arrogant organisation under the new MD & CEO, who had nothing to lose and everything to gain by striking a new path.
There is a fundamental problem with some rating agencies and debt funds. The least Sebi can do is ban them from doing new business for a year. My piece in โฆ
@bsindia
โฉ today.
We were all largely wrong about Covid and its impact. We were wrong about the impact of 2008 too. But these are not lessons, because we have prediction-addiction. My piece in
@bsindia
Nothing changes. Under five different rate experiments, for more than 20 years, banks are overcharging customers. Still continues under external benchmark policy. My piece in
@bsindia
with a solution