Do not get lured by the returns the stock market has given in the last 6-7 months, that is, after it crashed in the month of March. Don’t look at the returns a stock has generated from its low in March 2020. Let me give you an example, say a particular stock was trading at Rs 100 in the month of January, but declines to Rs 60 in March. Now, let’s say the same stock is currently trading at Rs 120, and you keep hearing on twitter or WhatsApp about how it has given 100 percent returns. But don’t get misled by this and look at the year-to-date returns, which is 20 percent and not 100 percent. … [Read more...] about Sensex at 44,000: Five wrong reasons to invest in equities now
60 x 100 metal building
What kind of person are you looking for? How do you partner? How will you make sure you are in sync? How do you ensure the person’s intentions match yours—you are not looking to be replaced. Sometimes COOs want to replace the CEO. How will you test their intentions and build trust? How do you set them up for success? Understand that the COO role comes with complexities. Even if the CEO and COO have a great relationship, there will be folks that don’t want someone in between and they will try to get rid of the COO. How do you monitor progress? … [Read more...] about My private company is healthy and growing. Do I need to hire a No. 2?
Simultaneously, the NPAs (non-performing assets) were zooming without control. In September 2019, the RBI put the bank under the Prompt Corrective Action (PCA) framework. PCA is a category where the regulator groups weak banks in for closer monitoring and business restrictions. At that time, LVB’s gross NPAs were already over 17 percent. The losses had mounted to Rs 894 crore in 2018-19. Add to this, negative return on assets for two years and insufficient capital, the bank had qualified in all ways for the RBI to crack the whip. … [Read more...] about Curtain falls on 94-year-old LVB: Rise, fall and a painful end
Focus on driving impact through your product or service If you haven’t thought critically about how to leverage these positions to get your organization to drive institutional or structural changes in your industry, then remove your corporate solidarity statement because you weren’t actually paying attention. The benefit of having a CDO is that you have an in-house strategic partner who can help you understand issues of access and equity in your respective industry and how to incorporate certain features or behaviors into your products that mitigate these issues. … [Read more...] about You’re ‘doing diversity’ wrong again. Here are 5 ways to get it right
The owner of a Hyundai Kona EV, a South Korean civil servant who asked to be identified only by his surname Kim, is among some 200 people who lodged a class-action lawsuit against Hyundai last week, seeking compensation for what they say is the reduced value of their EVs and other losses, Kim and two lawyers representing them told Reuters. … [Read more...] about This week in Auto: UK bans sale of non-EVs after 2030, where does India stand