Thursday, June 28, 2007

Rakesh Junjunwallahs Latest portfolio March 07

This man is a Buffet of India. Thanks AIII

Tuesday, June 26, 2007

India Banking @ 2040

India to emerge as third largest Banking

India to emerge as third largest banking hub by 2040: PwC
PTI 06:37 PM | June 26,2007
According to a PricewaterhouseCoopers report, the domestic credit in India would grow to $23 trillion in 2050 from $0.4 trillion in 2004

Awesome news

I am going to be watching this thing quite closely and to see what is happening as a part. No Foreign companies understand India. Hire some politicians Guys..

What next? India?s first carbon credit exchange - livemint

Chris Wills/Reuters
London: Two Asian exchanges to trade permits for greenhouse gas emissions are to be set up soon, featuring major companies from the start, according to the company that runs a US and European exchange.
Britain’s Climate Exchange Plc expects to set up voluntary exchanges in India and China in the near future, its chief executive Neil Eckert told Reuters.
The exchanges will help firms in the region cut their carbon footprints and could add to pressure on their governments to sign up to international agreements to cut emissions.

Monday, June 25, 2007

Debt in corporate finance 101


Damodaran Online: Home Page for Aswath Damodaran

Ratings agencies want companies to issue equity, since it makes them

safer. Equity research analysts want them not to issue equity because it

dilutes earnings per share. Regulatory authorities want to ensure that

you meet their requirements in terms of capital ratios (usually book

value). Financing that leaves all three groups happy is nirvana

US in becoming stagnant

List of countries to watch out.

  BRIC, Brazil, Russia, India and China,

  Look at the Goldmans N11 for long term returns I guess. I am not sure about the N11 list but sure that bric is as strong as a Brick.





South Korea,




The Philippines,

Turkey and


The Next China: Five Emerging Markets To Watch - Seeking Alpha

China's biggest rivals are the other BRICs -- Brazil, Russia and India. But Goldman Sachs also compiled a list of the "Next 11" (N11) -- regions it thinks are snapping at BRIC's heels -- Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, the Philippines, Turkey and Vietnam.

Sunday, June 24, 2007

This is a stunning feature of Yahoo Finance and I love them for it

Market Overview - Yahoo! Finance - The basics of investing.

The Dow Jones Industrials and the broader S&P 500 had risen to record highs before last week's pullback, helped by a flood of merger and acquisition deals and increased investment activity. However, ongoing inflation concerns and rising global interest rates dampened investors' outlook for economic growth and fueled speculation that the Federal Reserve might raise the fed funds rate.

Friday, June 22, 2007

Dont know what to say

People say this all the time. If thats the case if you are looking for a job. Should you say that you are looking or not. If you want to get married should u say that or not. If you want to do some thing say or not.

People all time talk about this but I never get it. Could some one please explain.

I know acts go a long way than just talking. But acting is the way, not all people have a Y combinator God father to help them.  Dont lose hope Entrepreneurs If you want to get acquire work hard for it and I bet you will one day.

The Startup Game: How a six-month-old startup got bought by Google

Don't focus on getting acquired. That's like being a single woman who desperately wants to get married. Of course you want it to happen, but 99% of the time if you purposely try to get acquired (or married), it won't. "Stick to your knitting," says Paul Graham, a founding partner of Y Combinator, the startup factory that funded Zenter. "The way to get acquired really fast is to not focus on it. If people get the impression that you want to get bought, you won't."

Tuesday, June 19, 2007

IPO and Beyond

Paul Kedrosky: My 2007 IPO Thesis: Part XXIV in a Series

More info, via Om, on the turnaround in the tech IPO market:

  • The deal volume is on the up, and there are six companies out raising money.
  • Of the 23 IPOs (year-to-date), 19 are above issue price.
  • Four deals done in June 2007 (including Infinera) are up average of 28%.
  • The average deal size has been $150mm and the median $100mm.
  • 12 companies that went public were coming off an unprofitable year.
  • The average market cap at IPO was $722 million nd the median $521 million.
  • 10 of the 23 deals are communications related, including two of the semiconductor deals.

More than Youtube

Matters of the Mind -

That's just one of countless examples of the way in which the Web is coming into its own as a source of what might be called smart video. While YouTube has captured a great deal of attention and traffic for its vast collection of mostly goofy videos, a growing number of sites are providing more-cerebral alternatives: documentaries, speeches, panel discussions, research reports and more.

Wednesday, June 13, 2007


FUELED BY CHEAP CREDIT and record-setting fund-raising, the LBO
boom, which has been building since 2004, has exploded in the past 18
months. Private-equity deal volume more than doubled in 2006, and LBOs
accounted for almost 20% of last year's record $3.5 trillion in global
M&A, according to Thomson Financial. Private equity's buying binge,
despite some industry insiders' concerns, continues to roll along this
year. LBOs accounted for more than 17% of the $2.26 trillion in deals
through June 11, 2007 and are on pace to exceed last year's record

Blackstone Group

Assets Under Management: $79 billion

Headquarters: New York

Founded: 1985

Chairman & CEO: Stephen Schwarzman

Blackstone, the world's biggest private-equity firm, has a history of
diverse investments. It led a group in the $17.7 billion leveraged
buyout of Freescale Semiconductor. Last summer, Blackstone and Bain
closed a $6 billion bid for arts-and-crafts retailer Michaels Stores.
In a mammoth property deal, Blackstone beat out Vornado to acquire
Equity Office Properties, the nation's largest office-building owner,
for $23 billion. In late 2005, Blackstone was one of five firms that
bought Danish telecom company TDC for $12 billion and was part of the
group that picked up VNU in May for $9.8 billion. More recently,
Blackstone is part of a group buying Biomet for $11.4 billion, and it
just agreed to pay about $6.4 billion, excluding debt, to buy Alliance
Data Systems. It has closed a global buyout fund with total commitments
of $15.6 billion -- since raised to nearly $20 billion -- securing its
predominance. It filed to go public soon in a $4 billion IPO, but since
China has said it would invest $3 billion in Blackstone, the firm has
expanded its stock-market offer to nearly $8 billion.

• How Blackstone Will Divvy Up Its IPO Riches

Research: Worth Civils

Tuesday, June 05, 2007

Why Carlos Helim Selu is in telecom Avaya To Be Taken Private

Another stock is leaving the public market. This time, it’s Avaya (AV), which is one of the spin-offs of the spin-offs of AT&T.

It’s been 25 years since Judge Greene ordered AT&T to be broken up, and the pieces are now all over the place. One of the rules of the breakup order is that the new companies had to have worse and worse sounding names. This started with Nynex and continued through with Lucent, Avaya and Agere.

In 2000, Avaya was spun-off from Lucent which isn’t even Lucent anymore, it’s Alcatel-Lucent (ALU). Although I doubt the hyphen will stay around much longer. In 1996, AT&T spun-off Lucent. I remember I sold my shares almost immediately and the stock shot up from there.

Monday, June 04, 2007

I told you so

India's Real Estate Sector On A Surge -

Oxford Analytica
India's Real Estate Sector On A Surge
Oxford Analytica 06.04.07, 6:00 AM ET

Favorite Three Questions for Early-Stage Companies

Paul Kedrosky: Favorite Three Questions for Early-Stage Companies

    At the risk of making life too easy for early-stage companies I'm
talking to, here are three of my favorite questions to ask the team --
which is usually only 2-3 people at this stage -- in one of the first
meetings. I usually select a different person for each distinct question

  1. I'm a star prospective employee (I usually alternate between salesperson and engineer) you'd like to hire. Recruit me.
  2. I'm a nervous prospective customer. Gently size the opportunity, and then sell me.
  3. I'm an angel investor you've just met. You have one minute, so get me interested in taking you seriously.

Sunday, June 03, 2007

Google and ranking algorithm

Google Keeps Tweaking Its Search Engine - New York Times

Mr. Singhal is the master of what Google calls its “ranking algorithm” — the formulas that decide which Web pages best answer each user’s question. It is a crucial part of Google’s inner sanctum, a department called “search quality” that the company treats like a state secret. Google rarely allows outsiders to visit the unit, and it has been cautious about allowing Mr. Singhal to speak with the news media about the magical, mathematical brew inside the millions of black boxes that power its search engine.

Friday, June 01, 2007

K K R the Giant

Wall $treet Folly: Henry Kravis: What bubble? The "Stars are aligned" and the "Golden Era" of buyouts is set to continue; On the flip side, preparing for the inevitable crash, Distressed Debt hires the best since 2002

Borrowing costs keep buyouts affordable, Kohlberg Kravis Roberts & Co. co-founder Henry Kravis said.

``The private-equity world is in its golden era right now,'' Kravis said today in a speech at the annual meeting of Canada's Venture Capital & Private Equity Association in Halifax, Nova Scotia. ``Stars are aligned, there is plenty of capital on one side, and you have a very receptive community of companies.''

Buyout firms spent $911 billion worldwide to acquire companies last year, an almost ninefold increase from the $106 billion total in 2001, Kravis, 63, said. About two-thirds of the money needed for most transactions is borrowed. The amount of extra yield investors demand to hold speculative-grade bonds over similar maturity U.S. Treasuries narrowed to 2.45 percentage points May 25, compared with a record low set Oct. 17, 1997, according to Merrill Lynch & Co. indexes.

Low interest rates mean yields on investments such as U.S. Treasuries are relatively low, spurring investors to explore asset classes such as private equity. According to the New York- based firm's Web site, its holdings were valued at more than $74 billion as of December on about $30 billion of invested capital. It's completed about 150 deals since it was founded in 1976.....

I like this kid

He is climbing ladders I guess.

“There is ABSOLUTELY a reason for me to be upset and let me be clear that you grossly misunderstand how things work,” Roger replied. “In banking all nighters are part of the job, not an excuse for an attitude. I spent most of my weekend in the office and have been at work past 3am for 3 days in a row. I’m mature enough to understand that my superiors have their own problems and me not getting too much sleep is not something I should be advertising/whining about. Learn this.”