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Image:The Indian Entrepreneur
Author: Raoji
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Linkfest:July 28,2014
Some stuff I am reading today morning:
First Quarter results show India Inc losing momentum (BL)
Reliance Power to buy Jaypee’s Hydro Projects (Mint)
Tailwinds give Anil Agarwal a reason to cheer (BS)
Here are 8 habits of India’s super rich (FirstBiz)
10 Tax Charts (SimpleTaxIndia)
The inability and incompetence of Kolte Patil Developers (Ravi)
The elusive Pure Insurance (Balakrishnan)
The myth of the passive Investor (Bernstein)
10 things you should know about Ace Greenberg (TRB)
So you’re the world’s greatest trader?Taxes will fix that (WP)
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A good time to get rid of some stocks
Source: R Balakrishnan
This post is in continuation of my coat tailing series (see here)
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| Symbol | Entity | # of Shares on 30 June,2014 | # of Shares on 31 March,2014 | Additional Shares Purchased | Additional Investment (Crores) |
| ITC | Life Insurance Corporation of India | 1.15E+09 | 1.1E+09 | 43901425 | 1552.574 |
| TATAPOWER | LIFE INSURANCE CORPORATION OF INDIA | 3.39E+08 | 2.99E+08 | 39461806 | 407.4431 |
| DRREDDY | LIFE INSURANCE CORPORATION OF INDIA & ASSOCIATES | 3375274 | 2008098 | 1367176 | 373.7859 |
| CIPLA | Life Insurance Corporation of India | 59733411 | 52497490 | 7235921 | 319.8277 |
| AMBUJACEM | LIFE INSURANCE CORPORATION OF INDIA | 91461009 | 85991736 | 5469273 | 118.0543 |
One of Dhirubhai Ambani’s sayings was “‘Money lost can be earned again, but lost time is lost forever.”
He truly lived by that as this anecdote shows:
V G Siddhartha of Cafe Coffee Day recounts the time he was in Mumbai and used to work in Tulsiani Chambers, Nariman Point, where Dhirubhai Ambani also had an office. “There was just one lift in the building which was mostly occupied. Every day at 9:30 a.m., Dhirubhai would climb up four floors in a suit and tie because he didn’t want to waste time waiting for the lift. And I used to wonder why the rest of us couldn’t do that.”–from Forbes