Categories
Links

Weekend Mega Linkfest: 10 August, 2018

Some off beat reads for the weekend:

Economic lessons from the Raj (Zareer Masani)

Indra Nooyi and the vanishing female CEO (New Yorker)

War without end (NYTimes)

Why Uighur Muslims are living in fear (Guardian)

Saudi Arabia Vs Canada (ATimes)

Sinking Kolkata (Rafia Zakaria)

The bitter truth about Honey (Bibek Debroy)

Rahul Gandhi may lose Amethi (Gossip Guru)

How a Mumbai teen tracked down a phone thief (BI)

Why Indians never change career paths (Arre)

Things I thought I knew (Nick Clooney)

The Baburnama (Madras Courier)

Kama Rajya (Devdutt Pattanaik)

Naveen Patnaik : Novice to Novelty (Outlook)

Obituary: M Karunanidhi (Mint)

Categories
Observations

TBZ : Superb Family Values

Hat Tip: A Mitra

Source: TBZ Annual Report 2017-18

The Chairman & MD Shrikant Zaveri makes this promise in his letter to shareholders

,

He then backs up his promise by delivering value to himself and his two daughters (Binaisha and Raashi) via handsome salary packages.

Shrikant Zaveri’s salary :

Binaisha Zaveri’s Salary:

Raashi Zaveri’s Salary:

Now, no one would grudge these salaries if the Company was performing well.

But take a look at the Consolidated Profits of the Company:

Promoter’s salaries is around 2/3rds of the Net Profits of the Company !!

So when the Promoter says his business model is delivering value to shareholders, he means it is delivering value to shareholders who also happen to be family members !

Categories
Annual Reports

Two Interesting Things about the Indian Equities Market

Source: SEBI Annual Report 2017-18

First, BSE is fast becoming irrelevant in the Cash segment…most of the incremental volumes is being captured by NSE

Second, Mumbai Meri Jaan retains and continues its dominance in the Equity Markets…other cities are puny in comparison.

Categories
Links

Linkfest: 10 August, 2018

Some stuff I am reading today morning:

SFIO arrests Neeraj Singhal, promoter of Bhushan Steel (BQ)

SEBI seeks powers to tap phone calls (Mint)

Farmers file police complaint against IMD (HT)

Jet Airways Audit Committee does not approve results (ET)

Interview with Samit Vartak (MC)

SEBI orders Vakrangee to make open offer (BL)

IKEA opens in Hyderabad (Rediff)

The Layers of the Brain (Common Sense)

Selling (A VC)

Price & Satisfaction (Seth Godin)

Categories
Cartoon

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