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“In India, companies may fall sick, but promoters rarely do!”

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July 2009

Nusli Wadia’s Interview in Economic Times Today….Finding it difficult to let Go of the Past !

I have audited a Wadia Group Company and lived the 1980s and 1990s through the bitter rivalry between Nusli Wadia and Dhirubhai Ambani….so it was with some Interest that I read Nusli Wadia’s Article and Interview in today’s edition of the Economic Times…..Brought back some Memories He has chosen to be interviewed and communicate now after so many years..and amusingly he …

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Ernest Hemingway was a ‘Dilettante’ KGB Spy !…I could have gone down that route too !

‘Dilettante’…an Interesting Noun…Oxford Dictionary meaning is ‘ a person who dabbles in a subject for enjoyment’ and is pronounced ‘di-li-tan-tay’ A New Book,‘Spies: The Rise and Fall of the KGB in America’  by John Earl Haynes and Harvey Klehr reveals that famous author,Ernest Hemingway was a ‘dilettante spy’ for awhile.This revelation is based on the notes of Alexander Vassiliev,a …

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Infosys manages to beat Earnings Expectations but only because it deferred Investments…I expect it to correct to below Rs 1500

Infosys declared It’s Q1 FY 10 Results this morning…….as per IFRS……..as per Indian GAAP I don’t see any headwind in Infosys…I will be surprised if it climbs more from the current Rs 1750 levels….Infact I expect it to drop below Rs 1500…..Read on to understand my thought track  It has managed to show a little higher Basic EPS at …

Infosys manages to beat Earnings Expectations but only because it deferred Investments…I expect it to correct to below Rs 1500 Read More »

Watch out for Tomorrow…Infosys Results may be the cue for Sensex to correct further

Watch out for Tomorrow ! Rains are not falling…but post budget the Sensex is…..From 15100 levels on Monday before Pranab Mukherjee began his budget speech to @ 13750 at closing today Come tomorrow,Infosys is expected to provide a cautious guidance and a Q1 EPS of under Rs 24.These Results may just be the cue for a …

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Unconvincing Aussie Delegation on Racial Attacks on Indians in Australia

A delegation from Australia is in Mumbai.It is led by Colin Walters from the Australian Department of Education.It’s objective is to reassure Indians that Australia is a safe country for Indian Students At a Press conference yesterday,Colin Walters asserted that Australia is not a racist country and that the Australian Government has Zero Tolerance for …

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