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Related Party Transactions


wealthymatters

Here are the details of this corporate-banker nexus outed by ICICI Bank and Videocon investor Arvind Gupta.

Gupta’s curiosity was aroused by a 10 per cent coincidence he noticed in ICICI’s loans to Videocon group companies and foreign fund inflows into husband Deepak Kochhar’s firm NuPower Renewables.

NuPower Renewables was originally founded as a 50-50 JV between the Dhoot family and the Kochhar and Advani families .Chanda Kochhar’s brother is Mahesh Advani. Read more of this post

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#XRBIA Chembur Central – Making Lavish Living Affordable


wealthymattersMumbai is a city where real estate is so expensive that a lot of people, even those who are far from poor, make do with tiny homes in old dilapidated buildings and others resign themselves to living in far off suburbs in the MMR where homes are cheaper and then suffering the inevitable long commutes into the city.

Now the problem of living so long in an environment where we train ourselves to expect less by way of lifestyle, as an inevitable compromise to get on with the business of making money in Mumbai, is that we often forget to open our minds enough to ask if this much of compromise with the quality of life of ourselves and our children is really inevitable. For those of us living a cramped life in really old houses, are there no other locations where the houses are newer and the social infrastructure comparable to those in older neighbourhoods of the city ?And for those of us commuting for hours everyday, are  there no better located homes, such that long commutes are cut short and we literally find time to actually live life in the Maximum City? Read more of this post

The Pallava’s Lakshmi


Lakshmi, her imagery and the way we tell stories about her are  India’s way of communicating ideas about wealth, good fortune and prosperity.

Now close your eyes and try to bring up the topmost mental image you have of Lakshmi. In these days of internet conveyed pop-culture, its probably something like this:

wealthymatters

Perhaps your Lakshmi wears a green sari, that’s more common in some regions. Perhaps pink as the Chinese today make fibre images that way to match the pink lotus! Read more of this post

The Denationalization of Money – Friedrich Hayek


wealthymattersThe Denationalization of Money is a 1976 book by Friedrich Hayek, in which he advocates the establishment of competitively issued private moneys.

According to Hayek, instead of a national government issuing a specific currency, use of which is imposed on all members of its economy by force in the form of legal tender laws, private businesses should be allowed to issue their own forms of money, deciding how to do so on their own and have the currencies compete for acceptance.  Read more of this post

Cultivating Strategic Relationships


wealthymatters

The following is from the playbook of the masters of this art of cultivating strategic relationships : Read more of this post

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