Word: bombay
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...sign of the times that one of the hottest IPOs in India this year was that of a newspaper company. Shares in HT Media?which publishes Hindustan, a major Hindi daily, the Hindustan Times, an English-language newspaper, and two magazines?listed on the Bombay stock exchange on Sept. 1 after raising about $90 million through a public stock sale. The IPO marked the climax of an extraordinary year for the Indian newspaper industry, which has seen new editions launched, turf wars fought and sensational stories broken. All this exuberance is a heart-warming sight for newspaper publishers. In most...
These days, as usual, Wadhwaney thinks the herd is heading in the wrong direction. For example, although he grew up in Bombay, the center of India's boom, his fund doesn't own a single Indian stock. "People are paying ridiculous prices on promises of the future," he says. Nobody can reliably predict which way the stock market will move or what a company's earnings will be, he argues, so the key is to focus on the present. That means appraising a company's existing assets and buying the stock only if those assets are grossly undervalued. Typically...
...care. He calmly replied, "Just the way you like to inherit the wealth of your parents, you should be prepared to accept their genes too." I was one of the fortunate ones who was warned in advance. There are millions who do not get this chance. Pradeep B. Chinai Bombay...
...Over Their Heads TIME's notebook item on the torrential rains and flooding in Bombay [Aug. 8] realistically portrayed the woeful state that India finds itself in as it tries to compete with China. Politicians in India are constantly asserting their resolve to put Bombay on a par with Shanghai, without even giving a thought to reality. The fact that a day's rainfall can paralyze the economic hub of India speaks volumes about the complete lack of basic infrastructure and disaster-management techniques in this country. The government machinery was totally overwhelmed by the floods and started providing relief...
...care. He calmly replied, "Just the way you like to inherit the wealth of your parents, you should be prepared to accept their genes too." I was one of the fortunate ones who was warned in advance. There are millions who do not get this chance. Pradeep B. Chinai Bombay I fell asleep at night after reading your fitness articles, and the next morning I bolted out of bed for a 30-min. walk. I had not done that for months. Thanks! Gail Kaplan Albuquerque, New Mexico, U.S. I have some svelte friends who could learn a lot from your...