Search Blogs

Finance Forum India

Share your thoughts on finance education, economic developments, capital markets movements or your professional experience in the field of finance.

Are you interested to blog on financial issues? If yes, please send us an email at: info@daulatguru.com

Arnault, Colony Said Weighing Replacing Carrefour CEO Olofsson

Carrefour SA (CA)’s largest shareholders are considering replacing its chairman and chief executive officer, Lars Olofsson, people familiar with the matter said. Groupe Arnault SAS and Colony Capital LLC, which hold a combined 16.15 percent of Carrefour and 22.14 percent of the voting rights, will give Olofsson until the end of the year to improve the Boulogne-Billancourt, France-based grocer’s performance in its domestic and largest market, said the people, who asked not to be named as the discussions are private. Carrefour has lost about a third of its market value amid an extended slump in France, where it is adjusting prices...
Continue reading
1369 Hits
0 Comments

How Pentamedia Graphics Ltd fooled investors, sold assets

New Delhi: Pentamedia Graphics Limited was once one of India's largest information technology companies. But today, Pentamedia Graphics Limited is "limping" on, with combined revenues of Rs 19 crore, a fraction of the more than Rs 1,000 crore it generated during its heyday. Pentamedia Graphics and its promoters fooled investors and stripped the company of its assets but still continue to hold on to prime land worth Rs 2500 crore. The company's stock hit a high of Rs 2,130 in February 2000, but are now trading at around Re 1. Pentamedia Graphics was also barred from stock markets in 2005 for manipulation...
Continue reading
2539 Hits
0 Comments

Olympus Urged to Purge More Executives

Olympus Corp. (7733)’s admission that three of its top executives colluded to hide losses from investors fails to address the roles played by other officials, according to the company’s biggest overseas shareholder. The Japanese camera maker’s shares slumped 29 percent yesterday after it reversed weeks of denials that there was any wrongdoing in past acquisitions. The company fired Executive Vice President Hisashi Mori over his role in covering up the losses with former Chairman Tsuyoshi Kikukawa, who resigned last week, and said auditor Hideo Yamada would step down. Olympus’ biggest overseas shareholder is now demanding investor relations head Akihiro Nambu go...
Continue reading
2178 Hits
0 Comments
Featured

CEO of JP Morgan, India shares her experience as a successful Investment Banker

Kalpana Morparia
Ms. Kalpana Morparia is the Chief Executive Officer of J.P. Morgan, India. She shares her insights on the current M&A environment and discusses the skills required to become a successful investment banker.
Continue reading
15402 Hits
0 Comments

Fiery shareholders force Crompton Greaves to sell the jet to unlisted Avantha Group entity

MUMBAI: Under fire from miffed institutional shareholders, Delhi-based billionaire Gautam Thapar's Avantha Group has decided to ease the burden of a recent aircraft purchase by power equipment maker Crompton Greaves to calm this set of influential investors. Crompton Greaves, which had bought the aircraft for an estimated Rs 270 crore last fiscal, may sell the jet to an unlisted group entity at the price at which it was purchased, said two people familiar with the matter.   Top Crompton officials have been meeting fund managers of mutual funds and insurance companies that hold the stock to convey this decision. The two persons who did not want to...
Continue reading
1822 Hits
0 Comments

Activist Anil Singhvi gives governance-shy India Inc jitters, raises corporate governance issues at Hindalco

MUMBAI: In 2002, Sterlite Industries faced investors' wrath after launching a controversial share buyback programme under which it dispatched cheques in advance to shareholders leading to complaints that the offer was forced upon minority shareholders. The Anil Agarwal-controlled company wanted to buy back 50% of its equity from the public through a court-approved scheme of arrangement rather than the normal channels for buyback in the Companies Act. A public furore failed to make the firm backtrack and the case quickly became a cause celebre in Indian investors' long and frustrating fight for better corporate governance. At that time, Anil Singhvi, was...
Continue reading
1518 Hits
0 Comments

Online CFA Level 1 Practice Exams

Free Online Tests from India's Leading Finance Forum DG has partnered with Pristine to create this online test system. The questions have been provided by Pristine (http://www.edupristine.com/).   How it'll work? Login with your Facebook or Twitter ID Select the test that you wish to take The test will be timed and should be completed within the stipulated time frame Your score along with the correct results will be displayed at the end of the test 
Continue reading
5374 Hits
0 Comments

Toeing the Trend Line

Rohit Kumar works in a corporate finance role at a leading multinational corporation. His previous stints include International Economics roles at Planning Commission of India and Strategic Sourcing work at Tata Motors. He is a CFA L2 candidate. He has done his MBA from NITIE Mumbai and engineering from Birla Institute of Technology, Ranchi. He can be contacted at: This email address is being protected from spambots. You need JavaScript enabled to view it.     The shadow of economic and financial crisis of 2008 has prolonged, casting a serious doubt on trend of industrial growth. The aftermath of political logjam in a fatal mixture of high debt and low growth regime has made...
Continue reading
4176 Hits
0 Comments

Kingfisher a goner, says analyst who tore into RIL, RCom

A Canada-based analyst who had ripped asunder the financials of Reliance Industries and Reliance Communications in July has now decimated the balance sheet of Kingfisher Airlines, virtually calling the company bankrupt. Neeraj Monga of Veritas Investment Research Corp of Toronto, Canada, said not only Kingfisher, but its parent UB Holdings is also on very thin ice. Monga, along with analyst Varun Raj said Kingfisher’s book equity has been wiped out, and the airline is burning cash at a rapid rate. It is in a business which requires capital perpetually and it has no pricing power, they said. The duo also note...
Continue reading
1746 Hits
0 Comments

Interview with Vikas Khemani, EVP, Edelweiss Capital

Vikas Khemani
Mr. Vikas Khemani, Executive Vice President & Co-Head Institutional Equities at Edelweiss Capital shares his experience of managing the Wholesale Capital Markets business at Edelweiss.
Continue reading
5793 Hits
0 Comments

What is Equity Research?

Avadhut Nigudkar is an independent online entrepreneur and founder of FinanceWalk. He has over 12 years of experience working with a credit rating agency, a software company, a healthcare company and a boutique investment bank. He has also rendered services as a visiting faculty to top business schools in India and is a member of Mckinsey Online Executive Panel. Avadhut is a Master of Business Administration (Finance) and a CSMP (Certified Securities Markets Professsional).                       What is Equity Research? Equity research is what an equity research analyst does. Well, to...
Continue reading
12300 Hits
0 Comments

Where is the Anna Hazare for our companies?

Anna Hazare’s battle against corruption is about public money, collected as tax by the government and spent by it too. The lokpal is a watchdog that the campaign wants to oversee how this money is spent. But there are other forms of public money – trust funds that receive donations and public limited companies that raise money from the public through equity shares or through debt instruments like debentures or fixed deposits, and there is no Anna Hazare to protest corruption in these entities.  Several institutional watchdogs exist to oversee these funds. The Securities and Exchanges Board of India is one,...
Continue reading
1252 Hits
0 Comments

Research group accuses Ambanis of shortchanging investors

MUMBAI, 23 JULY: Describing the split between the Ambani brothers as a charade, Canada-based Veritas Investment Research has accused them of actions that shortchanged investors. The Veritas report, jointly authored by Mr Neeraj Monga and Mr Varun Raj, says "Reliance Communications Limited is a poster child of everything that is wrong with corporate India, and irrespective of management's assertion about values and integrity in various annual reports, we find no credible evidence of either in its financial statements or those of its former parent, Reliance Industries Limited." The report is titled ~ Brothers in Arms: Misappropriating a Fortune.  The provocative comments come...
Continue reading
1227 Hits
0 Comments

Muddy Waters Research Is a Thorn to Some Chinese Companies

Carson C. Block of Muddy Waters ResearchSHANGHAI — Carson C. Block makes even Wall Street cringe. Last week, the founder of the investment firm Muddy Waters Research issued a scathing report on a Chinese forestry company, calling it a “pump and dump” scheme that has been “aggressively committing fraud.” The remarks set off a sharp sell-off in shares of the company, Sino-Forest, prompting Canadian authorities to temporarily halt trading. Since the report, the stock has fallen more than 70 percent, erasing billions of dollars in value from a company whose investors include Paulson & Company, the hedge fund run by the billionaire John A. Paulson. “They overstated...
Continue reading
1535 Hits
0 Comments

Life of a Merchant Banker

Sunit Joshi
Mr. Sunit Joshi, Executive Vice President, Capital Markets Group, SBI Capital Markets speaks about the role of merchant banking in the Indian capital market.
Continue reading
6523 Hits
0 Comments

Looking for a Career in the Asset Management Industry?

Krishna Sanghvi
Mr. Krishna Sanghvi, Head of Equities at Kotak Mutual Fund manages several mutual funds like Kotak Opportunities, Kotak Tax Saver, Kotak Balance etc. He shares his extensive experience in the Indian Asset Management Industry and explains how students can make a career in this industry.
Continue reading
5622 Hits
0 Comments

What is the Cure of India's Inflation Problem?

Inflation
 
 
Amol Agrawal, an Economist, discusses the reasons for the rising inflation in India and how it can be restrained to sustainable levels.
Continue reading
5545 Hits
0 Comments

Interest Rates Risk & The Scenario in India

Suyash Bharadwaj is an MBA student from IIM Calcutta. During his summer internship in the Investment Banking Division at Bonanza Portfolio Limited, Suyash was involved in Fund Raising and Mergers & Acquisitions advisory. Interest Rate Risk – A risk is any variation from the expected return of an investment on the downside. An interest rate risk implies the risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between two rates, in the shape of the yield curve or in any other interest rate relationship. Basically such a downside depends...
Continue reading
6415 Hits
0 Comments

CFA Institute's India Investment Management Conference

CFA Institute Logo

CFA Institute organized the "India Investment Management Conference 2011" at Mumbai on January 7, 2011. Renowned experts from the finance world like Abby Joseph Cohen, CFA and Professor Aswath Damodaran were part of the conference.
Continue reading
26788 Hits
0 Comments

Sizzling Sensex

Suyash Bharadwaj is an MBA student from IIM Calcutta. During his summer internship in the Investment Banking Division at Bonanza Portfolio Limited, Suyash was involved in Fund Raising and Mergers & Acquisitions advisory. For the starters, Sensex is the sensitive index, the benchmark index of 30 most illustrious companies whose shares are traded in the Bombay Stock Exchange. The base value of Sensex is calculated by a free float market method. By this method a weight is assigned to the market price of stock and is multiplied with the existing stock price. This weight is the number of shares available...
Continue reading
6188 Hits
0 Comments