When I was in school, bureaucracy, or getting a job in the government especially the IAS was the 'Dream Job'.
Indian market returns have the highest correlation to FII equity flows, compared to other emerging markets since March 2005.
A gentleman of the game, he has given us hours and hours of joy when he is on the field and maintained his poise on and off the field with his politeness, dignity and decency.
Taking the same base of 2008, if you plot it, then the foreign index is at 41,000 whereas the domestic index is still at 16,000-17,000. In other words, after 5 years we are still below the previous peak.
The young generation, especially in metros, can hardly identify what a ration card is. When we were growing up in Ranchi, it was the most valuable piece of document.
This reminds me of the recent spar of words between Jayaram Ramesh and Narendra Modi on the holy subject of loos.
Recently, I received an email from a batch mate at the Indian Institute of Management Bangalore. The mail talks about Federal Reserve Chairman Ben Bernanke's graduation speech at Princeton
Raghuram Rajan’s CEO kind of approach, with set target of achieving things is a welcome sign. The debate is now whether the system will let him deliver or whether he too will fail the system test. History will judge him by what he does over a three-year period rather than the way our market reacts over a week.
Over the last 10 years, private sector banks have been trading at average premium levels to PSU banks. The next two quarters will see the peak of NPA menace for the PSU banks and there is still time
If rupee does not depreciate – you can easily make what in trading terms is called arbitrage profits. There may be times when arbitrage is possible but not always. Else the world and his father will borrow dollars at 2% or even lower and invest in Rupees at 8% and make safe returns.