Strong Signal
On May 8, 2006, India's apex consumer court sent a strong signal that it will not tolerate companies lying in their affidavits when challenged for their faulty and deficient services. A National Consumer Disputes Redressal Commission (NCDRC) bench comprising Justice MB Shah and Mrs. Rajyalakshmi Rao slapped Reliance Infocomm with punitive damages of Rs 1.5 lakh plus costs and...
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  • Mall Mania
    How does India stack up in the world as a retail opportunity? A recent report on the retail sector by Ernst & Young said that India has the best potential among emerging markets and is deemed a 'Priority 1' market for international retail players. What is attracting them? The highly fragmented nature of Indian retail industry. Of the 12 million retail outlets, more than 95% are run...
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  • A PE of 22 when the bond yield is 13% is not the same as a PE of 22 when the bond yield is 7.5%
    [ ML: You have moved from Pru ICICI to ABN Amro. Is there a difference in the way you manage funds here?
    Vora: The difference starts from the fact that I came to a new set up, with no corpus at all and we were actually involved in the process of building a corpus and then managing it. So the difference starts from that level.

    ML: But raising money is not the job of a fund...

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