Surviving the Deluge
India is a long-term growth story, FIIs are here to stay, fundamental performance of the corporate sector is robust and so the markets will continue their uptrend. All of the above arguments were violently swept aside in mid-May when the main indices fell by as much 12% in intraday trades over 10 days. It is at times like these that the true character of stocks may come out. When...
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  • Course correction is important and you have to build it into a pattern
    ML: In 1971, when you graduated you probably had so many options, why did you choose to join ICICI?
    Kamath: It was probably my love for numbers. At IIM-Ahmedabad, I ended up taking almost all available courses in finance. Also, from my schooling days I liked marketing. But my professor must get the credit for taking me to ICICI. Those days few management students went to ICICI. As a...
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  • We were on the shop floor with T-shirts and jeans... building the bikes drawing by drawing, dimension by dimansion, tolerance by tolerance
    ML: How did you start your career? You went to Warwick University, which has a famous course in engineering, led by Professor Kumar Bhattacharya. What was the real motivation?
    Bajaj: Oh! Because I wanted to finish in a year and come back. The other reason was Professor Bhattacharya. But before that there is a bit of interesting history. I was in an engineering college in 1984 to...
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