“Both our operating and investment experience cause us to conclude that turnarounds seldom turn…and the same energies and talent are much better employed in a good business purchased at a fair price than in a poor business purchased at a bargain price.”….Warren Buffett, Letters to Shareholders, 1979.When the guru of value investing, Warren Buffett asks you to stay away from a type of investing, you pay heed. Unless you are the kind who does not believe in taking sermons at face value. That is exactly how Madhusudan Sarda is.Sarda, the Executive Director of Vallum Capital, who has about 18 years of market experience under his belt, likes to test every thesis and hypothesis. A chemical engineer by qualification, Madhu, as he is commonly known, attributes this aspect of probing to his educational background.Close Madhu has been dabbling in stocks from the age of 15 when he used to monitor his father’s portfolio. He approaches investing like a businessman … [Read more...] about Turnaround Titan: This fund manager defies Warren Buffett’s advice and bags multi-fold returns
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As the reach of Indian films is getting wider, more and more doors are opening up with the industry gaining a strong foothold in many international markets. The recent addition to the list of foreign markets for Indian films is China which was difficult to crack. But films like 3 Idiots, Dangal, Secret Superstar and Bajrangi Bhaijaan have changed the game. The market which was so far Hollywood-dominated has now got a taste of Indian films.Indian film producers are making full use of this opportunity and host of films are already in line to be released in China. From Hindi Medium, which will hit the Chinese theatres on April 4, to Baahubali, which has been cleared by the Chinese censor board, to Toilet: Ek Prem Katha that has applied for a censor certificate - all are trying to leverage this new foreign market.Huge box office collections of the previous releases from India have become the talk of the town and has got everyone wondering about the success formula. While producers are … [Read more...] about Indian producers look to tame the ‘Dragon’; What’s making Indian films click in China?
A senior Singapore minister has expressed hope that outstanding issues with India can be overcome by other countries to get the large South Asian market into the Regional Comprehensive Economic Partnership (RCEP)."We hope that India and the other 15 countries can overcome the outstanding issues so that India can come on board eventually. We look forward to the region, including India, moving ahead together as one," Singapore's Senior Minister and Coordinating Minister for National Security, Teo Chee Hean, said on Novemebr 16.During the recent ASEAN meeting in Bangkok, India did not reach an agreement on negotiations to sign the multi-lateral free trade agreement RCEP, while 15 countries China, Japan, South Korea, New Zealand, Australia and ASEAN members agreed to ink the pact.Close India remains concerned that the China-dominated RCEP would be disadvantageous to its farmers and MSMEs. related news Congress to hold 'Bharat Bachao rally' at Ramlila Maidan on November 30 It's … [Read more...] about Overcome outstanding issues to get India into RCEP, says Singapore minister
Pakistan on Friday observed "Kashmir Hour" to express "solidarity" with the Kashmiri people after India revoked the special status of Jammu and Kashmir.Sirens blared across the country as the clock struck noon and traffic signals turned red on all roads of the federal capital Islamabad.The main event was held at Islamabad's Constitution Avenue where Prime Minister Imran Khan delivered an address to a flag-waving and slogan-shouting crowd.Close "Today, all of Pakistan, wherever there are Pakistanis, whether they are our students, or shopkeepers or labourers, today all of us are standing with our Kashmiris," Khan said. related news Jammu gets high security, facelift ahead of first 'Darbar Move' as UT Merkel Visit: Sustainability and mobility need to be focussed Politics | Govt must focus on boosting Kashmir’s local economy, now "Our Kashmiris are going through a difficult phase. Approximately 8 million Kashmiris for the last four weeks have been locked under curfew," he … [Read more...] about Pak observes ‘Kashmir Hour’ to express ‘solidarity’ with Kashmiris
The United States International Trade Commission (USITC) has instituted an investigation involving the launch and sale of Mahindra & Mahindra's Roxor, an off-highway SUV. Fiat Chrysler Automobiles (FCA) has challenged the launch.The quasi-judicial, federal agency sent letters on Monday to Mahindra Automotive North America (MANA) and Mahindra & Mahindra in India asking for a response within 20 days to allegations in the complaint submitted by FCA.“Failure to file a response may result in inferences being drawn against your (M&M) interests,” the letter signed by Lisa Barton, Secretary, USITC, stated.Close The matter relates to the US launch of Roxor by M&M. The product, FCA claims, is a copy of its famous Willy’s Jeep, which is a sports utility vehicle brand under its product portfolio. related news Not a fee hike, what JNU needs is a alumni funding network Apple bans vaping apps from App Store Airtel & Vodafone oppose IUC removal … [Read more...] about Mahindra Roxor launch: US Trade Commission launches investigation for alleged violations