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General
On Vacation: Stepping Back in Time
I’m on vacation, in Goa for a few days so posting will be slow this week. Goa is my favourite place to holiday. And even after two kids, the costs of a ...
Stocks
Zenith Sarafs Accused of Fraud, Asked to Produce $34 Million Bank Guarantee
SEBI has ordered the Saraf family of Zenith Infotech to produce bank guarantees of $33 million without using any funds of the company. SEBI has found evidence ...
General
The New Age of Age-Old Capital Controls: Cyprus Edition
Cyprus is getting ready to impose capital controls from tomorrow, when their banks reopen after about 10 days of being shut as the EU considered bailing them ...
Stocks
IT Falters, RE Stutters, Auto Flutters
Reuters thinks this is the end of IT Staffing as we know it. They quote a changing scene in IT, with headcount being shrunk while profits and revenues are ...
Stocks
If you want to do…
I have recently realized that what you see as a “press release” that sounds like it will make the company a juicy buy, might actually have more to say on ...
Commentary
Helaine Olen on The Daily Show on Guru-sters
On The Daily Show, Helaine Olen, who wrote the book "Pound Foolish", talks about the way personal finance gurus tend to tell us about all these ...
Commentary
SEBI Makes Mutual Funds Show Risk in Colours
SEBI has gone from seeing things in black-and-white to now, colour-coded mutual funds. It has, in a circular, asked all mutual funds to colour code their funds ...
Economy
RBI Cuts Repo by 0.25%, Market Expected More
The RBI has cut the Repo rate by 0.25% in a move that was more or less expected (I actually thought they might not cut this time, given Subbarao’s ...
General
The Unwinding of Cyprus (Or, “Sigh” Prus)
As we now know, the ECB and other mad European countries have been urging Cyprus to accept the bailout plan that requires all bank deposits to take a 9.9% ...
Commentary