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Excerpts

Should UPL Shareholders worry about Black Magic?

Running a business in India is no easy task.Along with the typical risks,Indian businesses run risks that appear very unique to them.

Take for example,the risk faced by shareholders of United Phosphorus Ltd (UPL).

Their CEO Jaidev Shroff is widely respected in the industry with Sunil Singhania of Reliance Mutual Fund once calling him “The Best CEO he has ever met”

Now it appears that this fine fellow is a victim of Black Magic !:

Jaidev had earlier filed an FIR at the Khar police station, saying that his wife Poonam had spiked his drink with a mysterious powder concoction on the advice of a ‘Bengali baba’. The said drink had then left him drowsy and disoriented, he said.

Earlier this week, Poonam had filed an anticipatory bail application (ABA) in the sessions court, following Jaideep’s FIR. Police had arrested the ‘Bengali baba’, Gulam Moin Shattir Hakim Sufi, after he confessed to the crime during questioning.

On April 16, Jaidev also submitted a CD to police, in which Poonam is allegedly heard talking to the ‘Bengali baba’. The transcript mentions conversations like, “Maine unke paani ke andar dal diya thoda,” (I have added some of it in his water) and another instance where she mentions making banana juice for Jaidev, from which he took a sip.-from Mumbai Mirror

Maybe the IIMs should make Hanuman Chalisa a mandatory course requirement for MBA students !

Categories
Excerpts

The most profitable kind of investing

Source:Li Lu’s interview at Columbia

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Categories
Tweets

A Golden Cage?

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Investor Wisdom

Investor Wisdom Q1FY2016-2017 is out !!

The latest issue of Investor Wisdom Newsletter for Q1 FY2016-17 has been dispatched to subscribers by email.

Subscribers kindly check your inboxes to ensure you have received the same.

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Links

Linkfest: 01 August,2016

Some stuff I am reading today morning:

Advanced Enzymes to list today (MoneyControl)

NDA’s do-or-die moment on GST (Mint)

GST may bring foreign investors to Bond Street (ET)

How India reformed the petroleum sector (FE)

Sleepwell files for IPO (BL)

Buy the new high (Prashanth)

Expense or investment? (Subramoney)

A deep dive on contingency plans (Common Sense)

Why “skin in the game” is important to investment returns (Katusa)

RBS: “Sell Everything” (PP)