A Promise Is A Promise

wealthymattersCredit Suisse had offered Tatas a financing package that helped it aggressively outbid its Brazilian rival for Corus Steel in the UK. Once the deal was done, two other MNC banks approached the company’s top brass with a more comfortable funding plan involving cost savings of about $400 million. As Tata Steel weighed in favour of the new funding option, Credit Suisse fetched up with a letter from the Tatas showing its commitment to $120 million in fees whether or not the financing was availed from it.Bombay House top brass was left fuming that a bank had the temerity to place a demand on them. But when the matter was taken up to the then group chairman Ratan Tata, his decision was simple: There was a commitment made to Credit Suisse which must be honoured. Having paid the European bank, Tata Steel went ahead with the cheaper financing option.

The Ins And Outs of Car Insurance.


A car is not a really much of an asset. But in a zip code, car and mobile brand obsessed world , its simpler to sometimes to just have the right accessories and get on with making money, rather than waste time explaining your ideas on liabilities. Read more of this post

Destiny’s Gift

wealthymatters , vinit goenka

Last night, prompted by this extraordinary story of a 40 year friendship (Link) I went to bed thinking of the most notable friendships of my life….The beginnings, the highlights and the endings and the different flavours. In this post, I share the story of an extraordinary friendship that grew most unexpectedly out of networking.

Late 2013-Early 2014,I wished to connect with a “Person”. I’ve always liked his approach to work. And I believed that I could add value to his work in a way that no one else could. However, the most obvious person I could enlist to make this connection was far from tech savvy.  I wished to be taken seriously for my abilities, not accommodated as a favour. So I spent a couple of months feeling stymied and was considering just trying my luck and cold calling. That’s when IndiBlogger announced the BigRock #Word-Up on the 20th of September,2014.One of the keynote speakers on e-governance was Vinit Goenka. He was the National Co-Convenor of the BJP-IT Cell then. The IT bit sounded good , though I had no idea where he stood in the party’s scheme of things or with the “Person” I wished to connect with . In anycase, I was game to try. At least I could draw closer and make my way towards what I really wanted, never mind the steps in between. So, I made contact ,drawing on the name of a family friend I judged as unlikely to draw extremely negative responses from any quarter. The name of our mutual acquaintance worked well enough to get me a visiting card and a first appointment. Below is a photo of me from a little while before we met. Yeah ! Life is strange we met in a pub……………a man who doesn’t drink at all and hates the very smell of liquor and a woman who hates the taste of most liquor and disguises it with copious doses of additives to manage the required social drinking to network………….. Read more of this post

Quite Literally

Think Before Chasing Money.

Wealth is frequently equated with money.

Before blindly chasing money, see what you are foolishly casting aside without due consideration.

Maximize wealth not money.


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