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I am a retail investor and a sub-broker with Kotak Securities; and I have a complaint regarding the passback given to the retail investors in IPOs by way of cash or kind. Very often, many sub-brokers issue newspaper advertisements offering such passbacks to lure investors to invest in IPOs. I can give you the names of some such sub-brokers who issue ads in my city - Jamnagar,...
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  • How Venture Capitalists Think

    Venture capitalists make risky bets so that technological breaktroughs become possible. Shreedhar Kanetkar describes a fascinating one

    Imagine this. You meet a couple of guys you haven’t seen in years. They tell you about this idea they have: an electric car that will go from zero to sixty in four seconds-and that’s miles per hour, not kilometres. It will touch 130 miles per hour (208 km...

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  • We have grown in assets but compared to other large groups, we are only beginning. I don’t want to be the biggest; I want to set up a good organization
    ML: Could you tell us something about your family and your childhood.
    GMR:My family came from a small village called Rajam, 100km from Vishakapatnam (Vizag). We were in a trading family buying jute and grain from the farmers and selling it to the mills. We are four brothers and three sisters and nobody was really educated. I was the third son. I had failed in my SSLC (secondary...
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