Categories
Links

Linkfest: 12 January, 2023

Some stuff I am reading today morning:

EVs steal the limelight in Auto Expo 2023 (BS)

ICICI Bank’s murky bailout of Lanco (Money Life)

Impact of US inflation nos on Nifty (Nooresh Merani)

Piramal Capital to target 1 Trillion Rs AUM (FE)

Startup funding in India drops 33% in 2022 (Rediff)

Angels at Agility Ventures (Forbes)

Corporate Insiders embark on a Buyer’s Strike (Felder)

China: Death of a Dream (DR)

US Deep Value offers compelling opportunities (GMO)

Annual Letter to Investors (Terry Smith)

Categories
Exchange Filings

NTPC: Cell Shocked

Source: Exchange Filings of NTPC Ltd

Categories
Links

Linkfest: 11 January,2023

Some stuff I am reading today morning:

Pakistan in an unprecedented economic crisis (BT)

Rupee strengthens against US $ (BS)

SBI’s 10,000 Cr Infrastucture Bond sale this week (Rediff)

Indian Exchanges- Rise of Options Turnover (2Point2Capital)

6 Mutual Funds degrow in a booming industry (Fortune)

Startup: Dawaa Dost (Forbes)

Interview with Jamie Dimon (Fox Business)

Why does PE get to play Make-Believe with prices? (Cliff Asness)

AI & the Big 5 (Stratechery)

Financial Advisors or Life Coaches? (Kimberly Foss)

Categories
BookReview

Book Review: Doglapan

The Book ‘Doglapan: The Hard Truth about Life & Start-Ups’ is written by Ashneer Grover, the Founder of Bharat Pe.

The Book is auto-biographical in nature and the author narrates about his life with its ups and downs.

The author was a bright kid who went to IIT-Delhi & then IIM-A.

He then got into investment banking at Kotak where he was part of some marquee transactions. Kotak was the merchant banker for the Reliance Power IPO and one of the Kotak employees remarked : ‘Reliance Power was at the time a company with one table and two chairs in Ballard Estate’

So they knew what they were selling to retail investors.

Subsequently, he left Kotak to join Grofers.He had differences with the Founders there and was let go. After a brief stint with PC Jewelers, he joined the Founding team of Bharat Pe.

The author was one of the driving forces of the co and helped raised funds, design products etc

His ouster from the co is public knowledge and currently legal cases are on

The author has used the Book to promote himself and show his side of the story. But unfortunately, he comes across as a bitter, vain, obnoxious and self-serving jerk who is incapable of building a company. This probably explains why he wasn’t able to get along with his team, investors etc

Towards the end of the book, he has some advice for startup founders- Some of it good (Focus on customer), some of it bad (get family members into the co)

I would recommend this Book only to those interested in Indian startups.

Categories
Autos

Your Car runs on Code

Source: Investor Presentation of Sona BLW Precision Forgings Ltd