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This is India !

Flying Sikh gets scorched

This post belongs to my This is India ! Series (see here)

There is lot of buzz about the yet to be released biopic on Milkha Singh (see trailer)

One event I will never forget about Milkha Singh happened during the National Games at Ludhiana in 2001.

The Flying Sikh, Milkha Singh is a relieved man. So is his wife Ms Nirmal Milkha Singh, after he had a providential escape while lighting the National Games torch at the inauguration of the XXXI National Games. While commenting on the incident Milkha Singh, without blaming anything on anyone said, “thank God everything is all right”.

The Flying Sikh had a narrow escape when, while posing for photographers near the cauldron, gas was release and the flames jumped out of it. These flames almost trapped Milkha Singh. However, his quick reflexes saved from any major injuries.

Though he appeared to be tense, yet he remained hail and hearty all through the cultural extravaganza that was so well presented by the artists drawn from different parts of the state. The eyewitnesses said, the laces of his shoes did catch fire but he managed to put them off instantly.-from Tribune

 

The next day’s papers carried the headline “Flying Sikh Gets Scorched”

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This is India !

2500 Crores cash seized from 4 trucks

This post is in continuation of my This is India ! Series (see here)

According to newsreports,

 

The Income Tax Department and National Investigation Agency personnel on Monday night seized cash worth Rs 2,500 crore and gold from four trucks here and detained 47 people. The trucks were apprehended from outside Mumbai Central railway station. According to reports, the cash was to be transported to Ahmedabad on Gujarat Mail. In an interesting twist in the case, it has been revealed that an Inspector stationed at South Mumbai’s VP Road and his colleagues had escorted the trucks to station. The joint operation by more than 100 officers was carried out at around 9 pm, when the four trucks reached outside the Mumbai Central station to unload the suitcases. Those detained with around 150 suitcases of cash are being grilled.

 

So you have 1/2 Billion $ in cash seized outside a railway station !This is more than the market cap of 90% of the companies listed on India’s equity markets.

This is India !

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This is India !

One very angry BMW customer

Pic taken outside the BMW Showroom in Kochi (Hat tip Tinu Cherian)

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Observations This is India !

Banks have been exposed…and the market has yawned

Today there was a press conference by Cobrapost where they alleged that HDFC Bank,ICICI Bank and Axis Bank indulged in money laundering.

The markets saw this breaking news conference and yawned.At the time of writing this,

Axis Bank (-0.82%)

HDFC Bank (-0.33%)

ICICI Bank (-0.47%)

These declines are par for the course when Nifty is down by 0.18% and Bank Nifty is down by 0.13%

Does this mean that the markets already knew this “news” or does it mean that markets know that these banks will not face any material fines/penalties?

This is India !

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This is India !

How some Indian investors time the stock market

This post is in continuation of my This is India ! series (see here)

Apparently, some investors time the stock markets as per their astrologer’s advice

This is an actual message posted on a popular investor forum:

I believe in astrology as whatever he predicts about anybody has always come true.He always says very rightly with correct timing.Politicians goes to him in jaipur.

Second My astrologer(Gold medalist in astrology) said from 12 dec to 5 may My time is very bad so I will not go anywhere apart from sitting in my house.First I lost money in this period then Heart attack.If I will go mumbai then My train will meet with an accident ,that is my time.From 5 may to nov my time is average and then I will have one of best time for next 25 years or till death.So I am not going anywhere till 5 may and then 5 nov.Sun will rise to it`s extreme after this small bad period .

 

This happens in India !