Tuesday, 22 December 2015
Sunday, 13 December 2015
Saturday, 12 December 2015
Friday, 11 December 2015
Wednesday, 11 March 2015
DHFL, Lupin buys equal meeting Aishwarya Rai: Jhunjhunwala
Sometimes a stock’s story is too overwhelming to ignore; you just go and pick it up. Later one can sit and investigate the merits, says ace investor Rakesh Jhunjhunwala. He cites buying Lupin and Dewan Housing with such mindset ---he calls it invest now, investigate later mindset, and likens it to dating Aishwariya Rai, silver screen’s most compelling face. Below is an interesting peice of conversation between three market masters--Junjhunwala, Ramesh Damani and N Jayakumar discussing the importance of education as well as investment strategies. Jayakumar: It is kind of appropriate in today’s forum that we talk about education. You have had to an extent what you would consider education enough to make you sort of take on the world, a street fighter. People have run out of adjectives but do you have any regrets that you could have studied a lot more and become a lot less successful as a corollary? Jhunjhunwala: I have no regrets in life about anything except my habits. So I don’t regret and I don’t think that education is what makes you -- street fighters are born, they are not made because it comes from determination and guts. I don’t think the determination and guts come with education. Education gives me the ability to understand, education gives me the ability to be civil and I think -- I did chartered accountancy and I think it is one of the best education anybody could have. It is not a very glamorous education but it is a brass-tacks education and it made me understand financial matters, it also gives me the understanding of law, which is very necessary. To interpreting the Budget, you need to understand the law; what the Finance Bill means? So I think I had that education which gave me the right cutting edge in terms of understanding and of course I am a street fighter. I do not know whether it came with my education. Research shows that formalized education takes away entrepreneurship because you reason and you analyze. Don't Miss: I want to know Flipkarts business model: Jhunjhunwala Damani: One of the things that you are famous for on the street, you have many colorful sayings, is ‘invest before you investigate’. The fact is that if you find something, go buy it and then do all the research. Is that still a driving force of how you look at markets? Jhunjhunwala: Sometimes market gives such compelling opportunity like Dewan Housing. It had Rs 230 book value, 6 percent yield, 4 times earnings, growing at 20 percent for the last ten years, available at Rs 105 - I gave an order for 5 million shares, we will think about it later -- such ridiculous valuations!!! I bought Lupin because I knew one thing that Ranbaxy had earned Rs 250 crore in a single product. Lupin had only injectable Cephalospor in approved FDA plant in Asia. They were the single filer for a product having a size of USD 360 million and the marektcap was Rs 200 crore. What is there to think? So those kind of situations are like invest now, investigate later. Damani: Does the market then tell you also to back up the truck in these situations. Jhunjhunwala: Yes and then you research later. I bought my first five million shares of DHFL and after I bought the next whatever shares I bought, I did a lot of further research. Today it is like meeting Aishwarya Rai, what are you thinking!! You date her without thinking.
Read more at: http://www.moneycontrol.com/news/market-outlook/dhfl-lupin-buys-equal-meeting-aishwarya-rai_1325914.html?utm_source=ref_article
Thursday, 5 February 2015
Don't pop the champagne yet: Arvind Kejriwal may yet lose the Delhi election
New Delhi: In the offices of the Delhi bookies,
there was frenzied activity on Thursday night to reverse the bets people
had placed at the beginning of February.
At the beginning of the month, convinced that the Narendra Modi-Kiran Bedi combine would sweep the election, punters bet heavily on the BJP winning 40-41 seats. But on the eve of the election, bookies have reversed the odds, putting the AAP ahead, giving it 35-36 seats against 30-31 to the BJP, triggering panic among those who had put their money on saffron.
Those who follow elections closely, believe that bookies generally get the trend right. The last time they read an election wrong was in 2012, when the Akali Dal won the assembly polls in Punjab in spite of opinion polls and bookies predicting a rout.
Can Delhi turn out to be another Punjab? Is there still some hope for those predicted to lose the election and money?
Yes, there is.
There are very good reasons why BJP may yet snatch victory at the polling booth, and destroy Arvind Kejriwal’s dream.
One, the AAP vote is fragmented across constituencies. In the 2013 election, the AAP had won most of its seats in the urban areas of Delhi and its vote was concentrated in central Delhi. So, in spite of getting just four percent more votes from the Congress, the AAP won 20 more seats.
Opinion polls this year are suggesting that the AAP vote share will go up by nearly 10 percent. But what if this gain is only in areas where it had fared badly in the 2013 election?
Take, for instance, Najafgarh in outer Delhi. In the 2013 election, the BJP won in Najafgarh and the Indian National Lok Dal candidate came second. The AAP got just 15 percent votes. Statistically, even if jhadoo gains 10 per cent votes in Najafgarh, it will still lose the election.
Similarly, in the Muslim-dominated Okhla seat, the AAP had lost in 2013 by nearly 26,000 votes, getting just 17 percent of the vote. To win this seat in a triangular contest with the Congress and the BJP, the AAP needs to gain at least 25 percent of the vote.
The danger is clear: the AAP may indeed gain lots of votes in areas where it didn’t have a significant presence in 2013. But if all the incremental gains are made in constituencies where it is facing a huge deficit, the party will still end up losing those seats.
Two, the BJP cadre and poll machinery amp up their ground game on Election Day. The AAP is ahead in the opinion polls because its volunteers worked relentlessly in Delhi for nearly three months while the BJP workers dreamt of another Modi wave.
But the opinion polls have forced them out of their complacency and the BJP is now fighting for each and every vote.
When Prime Minister Modi argued that some of the surveys conducted by ‘bazaaru’ people could be wrong at his rally in Ambedkar Nagar, his main target was the BJP worker whose morale he wanted to lift, assuring him that all is not lost.
The reenergized cadre has gone back to the battlefield and if it manages to bring its committed voters to the booths, the election could still swing in BJP’s favour.
Three, the Rahul-Lalu syndrome. In the 2014 election, the media made a lot of noise about the revival of Lalu Yadav in Bihar. His rallies were attracting huge crowds, the mood among his supporters was of jubilant optimism and surveys were predicting a better show.
In the end, Lalu won just four seats.
Similarly, Rahul Gandhi attracted huge crowds at his road-shows and rallies in the UP elections, prompting the party and the media to believe that the Congress was on the verge of revival. But in the end, the Congress lost badly, failing to repeat its 2009 Lok Sabha performance.
Yes, Kejriwal’s rallies in Delhi have indeed been impressive; the numbers in fact have risen steadily as the campaign gained momentum. But there is no guarantee that the crowd on the streets will translate into votes at the booth.
Four, Modi nostalgia. Just a few months ago, almost every second person voted for Modi. Many of them still consider him their hero. Aware of Modi’s popularity, Kejriwal has refrained from attacking the PM.
It is apparent that the Delhi voter sees no contradiction in rooting for Modi and voting for Kejriwal; he thinks that both are good choices for different jobs. Thus the popular sentiment: Modi for PM and Kejriwal for CM.
But political two-timing is a difficult art. What if the sight of the beloved lotus in the voting booth inspires second thoughts? Those who supported the PM in May could well decide to stand by their man on polling day.
At the beginning of the month, convinced that the Narendra Modi-Kiran Bedi combine would sweep the election, punters bet heavily on the BJP winning 40-41 seats. But on the eve of the election, bookies have reversed the odds, putting the AAP ahead, giving it 35-36 seats against 30-31 to the BJP, triggering panic among those who had put their money on saffron.
Those who follow elections closely, believe that bookies generally get the trend right. The last time they read an election wrong was in 2012, when the Akali Dal won the assembly polls in Punjab in spite of opinion polls and bookies predicting a rout.
The cat is not in the bag yet: PTI
Yes, there is.
There are very good reasons why BJP may yet snatch victory at the polling booth, and destroy Arvind Kejriwal’s dream.
One, the AAP vote is fragmented across constituencies. In the 2013 election, the AAP had won most of its seats in the urban areas of Delhi and its vote was concentrated in central Delhi. So, in spite of getting just four percent more votes from the Congress, the AAP won 20 more seats.
Opinion polls this year are suggesting that the AAP vote share will go up by nearly 10 percent. But what if this gain is only in areas where it had fared badly in the 2013 election?
Take, for instance, Najafgarh in outer Delhi. In the 2013 election, the BJP won in Najafgarh and the Indian National Lok Dal candidate came second. The AAP got just 15 percent votes. Statistically, even if jhadoo gains 10 per cent votes in Najafgarh, it will still lose the election.
Similarly, in the Muslim-dominated Okhla seat, the AAP had lost in 2013 by nearly 26,000 votes, getting just 17 percent of the vote. To win this seat in a triangular contest with the Congress and the BJP, the AAP needs to gain at least 25 percent of the vote.
The danger is clear: the AAP may indeed gain lots of votes in areas where it didn’t have a significant presence in 2013. But if all the incremental gains are made in constituencies where it is facing a huge deficit, the party will still end up losing those seats.
Two, the BJP cadre and poll machinery amp up their ground game on Election Day. The AAP is ahead in the opinion polls because its volunteers worked relentlessly in Delhi for nearly three months while the BJP workers dreamt of another Modi wave.
But the opinion polls have forced them out of their complacency and the BJP is now fighting for each and every vote.
When Prime Minister Modi argued that some of the surveys conducted by ‘bazaaru’ people could be wrong at his rally in Ambedkar Nagar, his main target was the BJP worker whose morale he wanted to lift, assuring him that all is not lost.
The reenergized cadre has gone back to the battlefield and if it manages to bring its committed voters to the booths, the election could still swing in BJP’s favour.
Three, the Rahul-Lalu syndrome. In the 2014 election, the media made a lot of noise about the revival of Lalu Yadav in Bihar. His rallies were attracting huge crowds, the mood among his supporters was of jubilant optimism and surveys were predicting a better show.
In the end, Lalu won just four seats.
also see
Similarly, Rahul Gandhi attracted huge crowds at his road-shows and rallies in the UP elections, prompting the party and the media to believe that the Congress was on the verge of revival. But in the end, the Congress lost badly, failing to repeat its 2009 Lok Sabha performance.
Yes, Kejriwal’s rallies in Delhi have indeed been impressive; the numbers in fact have risen steadily as the campaign gained momentum. But there is no guarantee that the crowd on the streets will translate into votes at the booth.
Four, Modi nostalgia. Just a few months ago, almost every second person voted for Modi. Many of them still consider him their hero. Aware of Modi’s popularity, Kejriwal has refrained from attacking the PM.
It is apparent that the Delhi voter sees no contradiction in rooting for Modi and voting for Kejriwal; he thinks that both are good choices for different jobs. Thus the popular sentiment: Modi for PM and Kejriwal for CM.
But political two-timing is a difficult art. What if the sight of the beloved lotus in the voting booth inspires second thoughts? Those who supported the PM in May could well decide to stand by their man on polling day.
I like Anushka Sharma's boyfriend Virat Kohli :: Kangana Ranaut
Bollywood's Queen Kangana Ranaut is eyeing Anushka Sharma's boyfriend Virat Kohli. Kangana fancies Virat Kohli to a great extent and she has expressed her desire saying that she really likes him.
Few days back, Kangana was asked about her favourite cricketer and she immediately replied saying, 'I like Anushka's Boyfriend.' ie Virat Kohli.
We will have to see what Anushka has to say about this comment.
Kangana recently bagged the Best Actor (Female) honour for 'Queen' at the 60th Britannia Filmfare Awards ceremony. She said that "acknowledgment" confirmed the fact that she made her mark.
"It feels great. I think that event I'm here for also talks about making your mark and last night (at the Filmfare Awards), I think in a way the kind of respect and acknowledgment that my film got, also literally meant making your mark."
Kangana will be seen in Tanu Weds Manu sequel and Katti Batti with Imraan Khan.Bedi's tears to Modi's rally: BJP banks on last minute power games in Delhi battle
As the high voltage election campaign comes to an end in Delhi on Thursday, hectic last minute power games are underway between leaders of various political parties.
While no leader is willing to air their grievances in public, most prefer a silent operation where they can effectively deliver a body blow in the last few hours before polling.
The last leg of campaigning saw a chastened Iron Bedi who even shed tears, while the aggression was left to Prime Minister Narendra Modi to lift the BJP campaign against AAP's disruptive yet effective campaign. But now the battleground shifts within, where all political parties have to ensure that the entire process of converting their goodwill into concrete votes does not get affected. Infighting is nothing new for any political party, but for BJP, which prides itself on disciplined cadre, faces a tougher challenge than AAP or Congress on this front.
There are almost 12-19 seats where the candidates selected are perceived as being "weak" in comparison to their opponents. Little wonder the BJP had to fall back on its organizational strength by roping in 120 MPs and 20 Union Ministers who have addressed around 250 rallies in the capital.
The royal ignore to Dr Harsh Vardhan and projection of Kiran Bedi as the chief ministerial candidate has made an easy one-way contest in Krishna Nagar look tough for the saffron party. Recent incidents have highlighted the ire of BJP supporters over Kiran Bedi's high handedness. Move over to Shakur Basti assembly segment and the feeling is almost similar. BJP chose former Congress MLA Dr SC Vats rather than a BJP worker. "How can we support and campaign for someone whom we have been opposing for the past 20 years" says a BJP worker. "We are a disciplined lot so we will abide by the high command's decision, but don't expect us to vote for him" he confides.
While in East Delhi's Patparganj, Manish Sisodia of AAP has walked away with the advantage when BJP decided to give a last minute ticket to Vinod Kumar Binny who had won from Laxmi Nagar on an AAP ticket in the last elections. "BJP had very bright chances here, but they have given the ticket to an outsider (Binny)" says Manish Rajora, resident of Mandawali. "If they had repeated Nakul (Bhardwaj), BJP would have managed to beat the second in command of AAP hands down" he adds.
While the BJP is busy putting its house in order, other parties too are firefighting within. There are 7-8 seats where AAP is facing a similar problem. Differences were out in the open when former Rohini MLA Rajesh Garg disrupted AAP's meeting last month. RK Puram seat too has been in the limelight for the wrong reasons, as AAP has fielded former independent councilor Promila Tokas known to have close links with BJP.
Back in the walled city, Congress may have bet on veteran MLA Shoaib Iqbal who joined the Congress recently but it hasn't gone down well below the ranks. Many traditional Congress supporters are said to be in touch with AAP's Asim Khan who remains the only option against the BJP. "This is a unique election because the voters seem to have made up their mind on whom to vote for" says Tarit Prakash Director of Voters Mood Research who has travelled extensively through most 70 assembly segments. "People don't want a hung assembly and I didn't meet anyone who seems confused. These things never happened in Delhi before" he confides.
Despite this assessment, each candidate is now busy doing last minute calculations. The olive branch extended to possible sympathizers in other parties will now be put to test, and the eternal hope of being able to turn things around runs high. It is this aspiration that plays a key factor in making them burn the midnight oil.
Direct Benefit Transfer for LPG world's largest direct benefit transfer scheme
New Delhi: As many as 10 crore LPG consumers have joined the ambitious scheme of getting cash subsidy in bank accounts to buy market priced cooking fuel, making it the world's largest direct benefit transfer and helping end black marketing.
Congratulating the beneficiaries and officials for the task achieved in just over two months, Prime Minister Narendra Modi said the scheme will "bring an end to black-marketeering and subsidy will reach people more effectively. Its role in nation-building is important".
"(It) gives me great joy to know that over 10 crore citizens have been registered as a part of the PAHAL Yojana. A momentous accomplishment," he tweeted.
He said this makes Pahal Yojana among the largest cash transfer schemes in the world.
The Direct Benefit Transfer Scheme for LPG subsidy, now renamed PaHaL or Pratyaksha Hastaantarit Laabh, covers more than 65 per cent of 15.3 crore LPG consumers in the country and has outpaced similar programmes in other countries such as China, Mexico and Brazil where the maximum beneficiaries touched was no more than 2.2 crore.
Farida Jalal on AIB roast: I didn’t like it, it’s not our culture
Source :: http://www.msn.com/en-in/entertainment/news/farida-jalal-on-aib-roast-i-didn%e2%80%99t-like-it-it%e2%80%99s-not-our-culture/ar-AA90cpQ?ocid=iehp
Ever since All India Bakchod (AIB) 'roasted' Bollywood hunks Ranveer Singh and Arjun Kapoor, the entire issue has been quite the talk of the town. In a recent development, Maharashtra Chief Minister Devendra Fadnavis stated that action will be taken if AIB roast is found vulgar and not in accordance with the law.
Ever since All India Bakchod (AIB) 'roasted' Bollywood hunks Ranveer Singh and Arjun Kapoor, the entire issue has been quite the talk of the town. In a recent development, Maharashtra Chief Minister Devendra Fadnavis stated that action will be taken if AIB roast is found vulgar and not in accordance with the law.
While some of the celebrities present at the show, including Deepika Padukone, Alia Bhatt, Sonakshi Sinha, Anurag Kashyap and Sanjay Kapoor were also made fun of during the roast, they took it sportingly and laughed along with the rest of the crowd. Apparently, prior consent was taken from these celebrities before the show.
However, some who were taken digs at were not informed about it including actress Farida Jalal. According to Mid-day, the veteran actress was not amused by the roast.
“I saw a bit of it and then didn't watch it further. Naturally people do not like it because it's not our culture. What do I say about those kids? All I can say is god bless them. I don't know if they poked fun at me because I didn't watch the entire show or was there something else. No one told me either,” said the actress.
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