General Partners V Limited Partners

Denouement of structural reforms introduced by Narendra Modi Government in India - mainly  Demonetization and GST have been mercilessly att...

First case resolution under IBC in India... But will tax authorities oblige...?  http://bit.ly/2xlZ0Qt

Here's what Sandesh Kirkire, CEO, Kotak Mutual Fund says defending underperformance of Mutual Funds as an asset class - "Mutu...

L&T Financial Holdings Ltd., just a three year old company (that had to wind up in its earlier avatar L&T Finance Ltd. because of m...

"..India's top asset management companies (AMCs) have continued to remain profitable, nomatter whether mutual fund investors m...

That was the question I got from a client yesterday. Her question wasn't out of place.  A weak Rupee should help Indian exporters as...

Kudos to investor activism in Escorts merger... Let me elucidate it with an easier example.  Let's say I, you and 48 others own a com...

No sooner Infosys announced its Q4 2011-12 results with a lower guidance, than the market pundits started pummeling it for hoarding up all ...

Yesterday it was Subhiksha. Today it’s Vishal Retail. Auditors are smelling a rat all over the place, not just inside the retail stores. The...

I’ve always been a great fan of the `inside CEO’. That’s no great find, agreed. Insiders, I mean those who have significant stakes in the la...

Yeah, I am back to blogging after a 100+ day hiatus. No reason. Just found nothing exciting to blog. A few minutes back, I read a nice piece...

While some of us may wail over poor internet penetration extending the longevity of high cost off-line systems, IRCTC is proving otherwise. ...

I am a bit flummoxed by C.Rengarajan’s theory that interest rates may harden. I think we have to distinguish between short-term interest ra...

Fuck.... They're soon going to run out of letters in the alphabet. All this talk of shape of the (economic) recovery befuddles me. Can...

Rally Buster. This is the new tag on my blog. It relates to a spooky rumor or news item that pulls the plug on a rally in the stock market....

This was pure music.... . Real estate, after the meltdown, was my favorite. DLF to be precise. Don't think I did big bang research th...

Securitization offers many advantages to all participants in the marketplace. Derivatives decrease barriers of entry to a host of markets, i...

What are we to make of Goldman’s Q1 results …? Making $3 b in as many months is indeed recession defying but how much of it is its own makin...

How complicated can the RIL-RNRL dispute get? Very. Well, that’s what it looks like if you look at the arguments from both sides. RIL’s lega...

Somasekhar Sundaresan in Business Standard points to the area of ambiguity in SEBI’s latest concoction [SEBI (Issue and Listing of Debt Sec...

My experience with M&A deal structures tells me that the level of distrust between the parties can be gauged by the magnitude of its com...

So, the stock market has shrugged off its sloth, at least for the time being. The election results that brought back a seemingly stable Con...

Massive inflows into the global equity / commodity markets in the month of April to me is an indication enough that repeated assertions by t...

It’s tough time for banks and borrowers alike. The stiff 5% CRR and 24% SLR leaves banks with no choice but to keep their cost of lending t...

Yesterday, when the Sensex closed slightly above 10,800 mark (Nifty at 3342) I squealed with delight. After a long time, pretty long time t...

Just finished reading this BS report – “PE firms to rethink India strategy”. I say, “they had better” ! The report quotes Vikram Uttam Sing...

As I see the government coming out with serial reform tweaks ( FDI norms , Preferential allotments ) and bureaucratic twaddles, I worry that...

India’s premier PE firm ICICI venture (I-Venture) with more than $2 billion fund size can’t be so naïve . I-Venture CEO & MD, Renuka Ram...

So long as they were part of the ruling coalition led by Congress party, the Left played spoilsport and scotched every effort to relax FDI n...

It’s a busy season for stimulus packages that run into billions of dollars and sometimes even a trillion or two. (Suddenly `a million' s...

say the Limted Partners (investors) in PE funds to the Fund Managers that let them down. When I titled this blog as “General Partners V. Lim...

Sometimes you get to read funny combination of headline news. Today I had one such - on Wall Street bonuses and another on PE firms unlike...

Placing a fielder after the ball gets struck This is my favorite cricket metaphor. It typifies a late riser, usually a fielding team captain...

This is often a confounding question that baffles governments and right thinking citizen alike. Arguments fly back and forth – tax cuts gen...

As more than active observer of stock markets, I was just wondering what would I do if I were heading Larsen & Toubro, that bought 4% of...

Oil price is down, inflation is down, Rupee is down, Exports don’t look up. Still Banks don’t cut lending rates enough in proportion to cut ...

Here, I suspected it's no longer SATYAM.... Now I stand vindicated ... Speculations glaore. I go it's all worthless. May be it...

It's the scam season, no doubt... First came MADOFF that made-off with billions of $ of investor funds, then closer home it was SATYAM C...

The (A)SATYAM saga is getting messier by the day. The issue has meandered around a lot of flaky bends. First it was the bid to diversify int...

Ok. Enough is said about SATYAM COMPUTERS in the last one week. I come straight to the point. Dice begins to roll on who gets to buy SATYAM...

Why do independent directors discard independence? Protecting minority investors yield them nothing. That’s why. If they dance with the fou...

Poor SIEMENS. It just got unlucky. Too much is made out of a bribery scandal. What did it do after all? It ran a cash desk for its managers...

“Satyam” in Sanskrit and a host of Hindu Dravidian languages like (Tamil, Telugu, Kannada and Malayalam) means Truth / Honesty. “ Asatyam ” ...

Agreed. Mortgage crisis was because of a complex web of sliced and diced mortgages that escaped instant scrutiny. But how about a ponzi s...

Readers of this blog may be wondering why there is a sudden slowdown in posts. Well the truth is there is not much worthy of finding a place...

ICICI Bank finally nails down its succession plan . Outgoing CEO K.V.Kamath (who will now be its non-executive Chairman) is to be replaced b...

I was at the Reuters India Investment Summit last week. The usual suspects were in full attendance – Akhil Gupta of Blackstone, K.V.Kama...

Private Equity can do with some straight talking . “One of [PE’s] defining characteristics is never, ever, to admit to a mistake in public. ...

India’s bond market is nowhere near the maturity level of its equity markets. Reasons are not so hard to seek since equity offers ownership ...