Here are the most clicked items on Alpha Ideas this week:
Welspun Enterprises: Learning from History (AI)
The Fastest Growing Listed AMC (AI)
S Naren: 3 Lessons from 1994-95 (AI)
Chart: Raamdeo Agrawal’s journey from 0 to 1000 Cr (AI)
Why Portfolio Allocation matters (AI)
BEL: Buy High, Sell Low (AI)
Silly Monks: Me angel with your money (AI)
Who should stay away from the stock market (AI)
PMS Cloners drown in the small-cap meltdown (ET)
IPO Review: HDFC AMC (Stallion Asset)
Some off beat reads for the weekend:
Inside the two years that shook Facebook (Wired)
AI shows why atheism is unpopular (Atlantic)
The rise of the house husband in Japan (SCMP)
The untold story of an America hostage (GQ)
Europe Vs Tourists (Time)
How E-Commerce is transforming rural China (New Yorker)
New Front: Vidarbha (Gossip Guru)
The Lynch Fraud (Media Crooks)
Two lessons from Vijay Mallya (Jaggi)
My life is a non-stop tragedy (J Mathrubootham)
Short Story: The Divine Pregnancy (Sagnik Datta)
The death of a dog (Anindita Ghose)
Secrets of the Konark Temple (Madras Courier)
SH Raza: Back to the Bindu (Open)
Mid-life crisis: What motorcycle? (Team BHP)
The Book ‘The Billionaire Raj’ is written by James Crabtree, who spent five years in India as Mumbai Bureau Chief for The Financial Times.
People getting posted to India often write a Book on it in an attempt to cash in on their experiences.
This Book falls into that unfortunate genre.
Its a way of looking at India with foreign eyes and trying to explain it to a foreign audience.There is nothing here for the Indian reader.
The initial chapters of the Book cover India’s tycoons Mukesh Ambani,Vijay Mallya, Gautam Adani etc but the coverage is v superficial…there is nothing new that an Indian reader/investor would not know.
Then the Book goes on to describe the House of Debt that Indian tycoons immediately piled up post 2008…concepts like gold plating , political nexus, corruption etc is explained.
Then the author covers India’s Cricket,Media and Politics…surprised he didn’t cover India’s other cliched love – Bollywood.
The Book appears dated as the author left India in 2016 and didn’t cover the tumultuous happenings after that.
I got a feeling that the author started the Book with the premise that India’s industrialists were like Russian oligarchs.But subsequent developments like NCLT, IBC,Fugitive Act etc threw that premise out of the window.
The author seems to have a pet peeve…Mukesh Ambani’s residence Antilla. There are multiple references to it in the Book. He probably considers it a symbol of India’s gilded age, its inequality, it’s tycoons etc.
He has a pet love too…former RBI Governor Raghuram Rajan.The author probably has a photo of him in his wallet !
Do buy this Book only if you are a foreign expat getting posted to India.
Really excited to host the inaugural Alpha Ideas 20-20 Meet tomorrow.
Bloomberg Quint is our exclusive Media Partner and its great to have them on board.
The Speakers too are pumped up and am pretty sure they will make the Event a rocking one.
Looking forward to meeting the Delegates, many of whom are flying from different parts of the Country.
The Event got sold out in a record four hours and am thankful to the readers of this Blog for that.
Source: Clarification by Kesoram Industries
In the last AGM of Kesoram Industries, a minority shareholder made serious allegations against the company.
The same was recorded on a mobile phone and circulated widely on social media.
The Company , in it’s response to the allegations, made the following statement:
The brings forth the Question: Can you video-record at an AGM?
