A huge misconception among investors is that size, corporate image or a collection of brands are important factors that contribute to the creation of shareholder value. As the two previous examples in this series prove (Hindustan Unilever – HUL – and Tata Motors), this is not true. Companies that have been around for a long time, have the highest reputation and well-known brands can be shunned...

Madhusudan Kela, head equity, Reliance Mutual Fund, is among those rare fund managers with a known prowess of handling the largest and the best funds in India, having seen all kinds of market cycles. In a career spanning two decades, Kela has been associated with Peregrine Securities, UBS Securities and Motilal Oswal prior to joining Reliance. In an interview with Shailendra Lotlikar of...

Proliferation of fake currency can affect you. Here is what you need to know

Kozhikode, Ahmedabad, Amritsar, Mumbai, Mizoram and Dubai – fake Indian currency has been found in all these places in the past few months. The existence of a fairly large fake currency racket in India is nothing new. The Naik Committee had estimated that over 61,000 million fake Indian currency notes, valued at...