In your interest.
Online Personal Finance Magazine
No beating about the bush.
Truth Is the Casualty
The proposed IPO of Reliance Power Limited has rekindled the vicious war between the Ambani siblings with the same high-pitched allegations and counter-allegations as before. Investor forums have sprung up out of nowhere, defamation notices have been fired to the media, public interest litigation has been filed, dozens of parliamentarians have asked for a probe into...
Fund managers are known for their ability to chase hot themes when it comes to launching new funds. A common trick is to launch a fund to invest in the hottest sector. This is what gives rise to sector funds, 50 of which are currently on offer to retail investors. Remember these funds are the ones that have survived. Many sector funds die, or change the objects clause after years of poor...
Blackstone It Isn’t
Linking a big private equity investor with a company is the surest way to create excitement in an outrageous bull market. That is exactly what seems to have happened with Hotel Leela Venture. On 5th November, The Times of India (TOI) reported that Blackstone may pump in a billion dollars to fund Leela’s expansion plan. It quoted the Leela group chairman, Capt. C.P. Nair,...