Tight-fisted tycoons further pummel down fees. “India is always price sensitive, whether you have to buy our own dress or whether you have to pay for your investment banking. So you can’t live in the hope that fees will be huge. This will never be China . . . you need to offer the best bang for the buck.”-said Kaku Nakhate, BofA president in India
Some stuff I am reading today morning:
Indian IPO market will reopen in 2014 (FT)
Gold import curbs to be eased (ET)
India leaks $344 Billion in dirty money (WSJ)
Is Arvind a smart play in the textile space? (Mint)
Maharashtra mulls 10%-25% rise in ready reckoner rates from Jan 1 (BS)
Why Sharad Pawar’s theories don’t hold up (Firstpost)
Winners & Losers-Shareholding Change (Prashanth)
Very little real money coming back in NSEL (CapitalMind)
Patterns of failure (RohitChauhan)
My non outlook for 2014 (Derek)
Teri Sanson Ki Thakan Aur Nigahon Ka Sakoon
Dar.haqiqat Koi Rangeen Shararat He Na Ho
Main Jisey Pyar ka izhar Samajh Baitha Hoon
Wo Tabassum Wo Takallum Teri Adat He Na Ho
This heaving of your breath and the solace of your eyes
In reality, is it some playful mischief?
What I thought was a display of love
That Smile That Speech,is it your habit?
–from this speech
Disclaimer:I am market making in Ratnakar Bank