Ridham Desai, MD of Morgan Stanley India, has been appearing on the financial networks lately talking about the Sensex correcting by 50% form their peak levels of 21000. If that is true we still have another 30% to go…ouch. Over the past 4 months he is one of the few guys setting realistic expectations for the [...]
Entries Tagged as 'India'
Ridham and Blues
July 10th, 2008 · 1 Comment
Indian Quant Fund
July 1st, 2008 · 1 Comment
Back in December 2007, Lotus India Mutual Funds launched India’s first “quant fund” called the Agile Fund. I use the term “quant fund” lightly when talking about Agile because it’s really an equity mutual fund dressed up. Most people would agree that a typical “quant fund” selects securities based on quantitative analysis, in agile they do [...]
Indflation
June 20th, 2008 · 1 Comment
The Sensex was down over 515 points today to hit a low for the year - 14571.29. The reason for the bearish performance was inflation, the gov’t announced inflation was 11.05% a 13 year high mainly on the back of increased gas prices.
But the fun doesn’t stop there, several people I’ve spoken to are putting their [...]
Tags: Business · India · Investing
The Business of Cricket
April 14th, 2008 · No Comments
We are just days away from the launch of the Indian Premier League (IPL) on April 18th. There was a ton of hype around the end of January when the 8 teams were sold to the highest bidders, the owners were a mix of industrials and Bollywood - surprising I know. Over USD 720 million [...]
DMA…Welcome to India
April 5th, 2008 · 2 Comments
At last the Securities & Exchange Board of India (SEBI) has agreed to allow Direct Market Access (DMA) which will facilitate wire speed Straight Through Processing (STP) on the exchanges. If the previous sentence is as difficult to understand as Kevin Federline’s role in life then you may want to pass on this blog [...]
Tags: India · Investing · Technology
Vodafone’s Sarin on India
February 28th, 2008 · No Comments
Vodafone’s Arun Sarin is originally from a small village in central India. He left for the US to attend graduate school and more recently the CEO of Vodafone PLC. Recently, Sarin gave an interview to the WSJ and one of his quotes has stuck with me. I’ve been in India for 2 [...]
Ferrari 612’s in Mumbai
February 25th, 2008 · 1 Comment
Ferrari sent two 612 Scagliettis to India for the Magic India Discovery tour. The 12-stage event starts and ends in Mumbai, covering 7,000 miles of the subcontinent along the way, kicking off on February 25 and ending on May 8. The video and pics are from the launch at the Taj Palace.
Pics from the [...]
Building the Ambani Empire
February 13th, 2008 · 1 Comment
What timing, I finished reading Polyester Prince on Feb 10th and on Feb 11th the Reliance Power IPO from Anil Ambani got listed on the Indian exchanges. Finding this book was about as easy as getting shares in the Reliance Power IPO. The book is apparently banned in India on the request of the [...]
Tags: Books · Business · India
Emaar IPO yanked
February 8th, 2008 · 1 Comment
In a major ding for the Indian equity markets, the planned IPO for Emaar MGF was withdrawn from the markets on Friday near the close of the market. Emaar MGF had blanketed the country with advertising highlighting all the projects they did, that is Emaar did in Dubai. And that’s the issue, [...]
UnBEARable India
January 22nd, 2008 · No Comments
By now, I’m sure you’ve seen that the Indian markets are getting knee-capped and it ain’t fun. It’s part of the global sell off that is happening as we speak.
When the Sensex opened on Tuesday at 9:55am it was halted within 35 seconds by then the markets fell 10% - which is around 1700 points. [...]
