Hats off to Amitabh

In “Turning Point” (MoneyLIFE, 30 August), Amitabh rightly says, “... you need to have pots of money, which you can afford to lose. I don’t have that kind of money”. In fact, no one has money to lose, unless of course, it is ill-gotten black money (remember “ill gotten, ill spent”). I also concur with his decision not to accept the advice to close his company (ABCL); he rightly felt that he...

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Pleasant Surprise

It was pleasantly surprising to find an exclusive interview with Amitabh Bachchan in your magazine. It was even more heartening to see that even though investment bankers are chasing him to raise money through ABCL, he has taken the right decision of not doing so. Maybe it is a case of ‘once bitten twice shy’, but Mr Bachchan’s logic is absolutely right -- that when he is not sure what to do...

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The Hidden Cost of Credit Cards

Quite often, you get calls regarding free credit cards and probably feel happy that you did not have to pay for it. Often you forget that there are a number of hidden costs that pop up later. These include:

a) Late payment charges - For some banks, this is a fixed minimum independent of the amount to be paid. So even if you have to pay Rs300, you may need to pay another Rs300 as late...

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