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Commentary

Stopping the PMS Abuse

Portfolio management services (PMS) have been told to change the way they operate. (From DNA) Sebi asked PMS houses not to pool assets of investors the way ...
Commentary

Oil prices hit $124, How Will It Hurt?

So Oil Prices are reaching $124 and showing no signs of stopping. Means they will stop pretty soon, and reverse direction, because everyone and his uncle is ...
Commentary

IOB sells land to itself and rents it back

From Business Standard: Chennai-based Indian Overseas Bank is planning to sell its properties to self-promoted special purpose vehicle, thus realising the ...
General

Interviewed by Kamla Bhatt

A quick note to tell you I’ve been interviewed by Kamla Bhatt about Moneyoga. Here’s a link to the interview: Deepak Shenoy: Entrepreneurship Is ...
Commentary

This Week's Random Conspiracy Theory

…is that the RBI will not let the dollar devalue against the rupee, regardless of inflation figures, until May 22. Because that’s the day the ...
Commentary

Buffett Crosses Over To The Other Side

I often hear people quoting Warren Buffett saying “Derivatives are weapons of mass destruction”, and thus, that derivatives are ultra-horrible, a ...
Stocks

Reliance Power Parks (Some?) Money In Reliance Mutual Funds

From Moneycontrol: (Hat tip: Samarth) Reliance Power Ltd, which raised Rs 11,562 crore in its IPO in January last, has temporarily parked almost the entire ...
Economy

Banks and Corporates fight it out over derivatives. Banks will lose either way.

From Bloomberg: Jasmin Mehta says that when he told salesmen from ICICI Bank Ltd. he didn’t understand currency derivatives, they chauffeured him to a ...
Stocks

ICICI FY08 EPS growth is 4%, Q4 EPS Contracts

ICICI Bank reveals it’s Q4 results and annual results for FY 08. What I’m concerned with is the EPS contraction in the fourth quarter. In Q3, ...
Opinion

Can’t Believe Financial Statements Anymore

From FT (tip: Marc’s blog): Rules regarding how banks account for off-balance sheet interests are “irretrievably broken”, a senior group of ...