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Related Party Transactions

March 29, 2018 Leave a comment

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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

Filed under Theory, Tool Kit Tagged with activist investor, Arvind Gupta, Bank NPAs, banking scam, bribe, Cayman Islands, Chanda Kochhar, corporate-banking nexus, Deepak Kochhar, DH Renewables Holding Limited, Firstland Holdings, ICICI Bank, Mahesh Advani, Managing Trustee, Mauritus, NPA, NuPower Renewables, payoff, Pinnacle Energy, postaday, quid pro quo, related party transactions, scam, Supreme Energy, trust, Tuskar Overseas, Venugopal Dhoot, Videocon, videocon case, Videocon Group, videocon scam

Financial Year (FY) And Assessment Year (AY)

March 21, 2018 Leave a comment

wealthymatters The financial year is the period between 1 April and 31 March in which you earn an income. Assessment year is the following year in which this income is assessed and taxed.Income is earned in FY and taxes on that income is paid in AY.

Financial year (FY) in Hindi is called वित्तीय वर्ष and assessment year (AY) in Hindi is called निर्धारण वर्ष.

Both AY and FY begin on the 1st of April and end on the 31st of March.

Since income for any particular financial year is evaluated and taxed in the assessment year, income tax return forms have AY. Read more of this post

Filed under Tidbits Tagged with assessed, assessment year, financial year, Income, income tax, income tax filing, income tax return, ITR, postaday, taxed, taxpayers

#XRBIA Chembur Central – Making Lavish Living Affordable

March 17, 2018 Leave a comment

wealthymatters Mumbai 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

Filed under Alternative Assets, Theory Tagged with #XRBIA, affordable housing, affordable luxury, capital appreciation, Chembur, Chembur Central, connectivity, Ghatkopar, home loans, infrastructure, Investing in rental real estate, Maximum City, Mid Town Location, postaday, real estate, real estate investment, rental yields, targeted at millennials, zero documentation home loans

The Pallava’s Lakshmi

March 12, 2018 Leave a comment

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:

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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

Filed under Theory Tagged with fecundity, fertility, Goddess Lakshmi, Lakshmi, postaday, wealth

Technical Analysis For Fundamental Investors

March 12, 2018 Leave a comment

wealthymatters Technical Analysis of stocks and Fundamental Analysis are often spoken of in dichotomous terms; The former being the sole preserve of speculators and the latter of genuine investors in the stock market.

However, as all fundamental investors know, Mr Market is something of a maniac depressive with wide mood swings ranging from absolute depression to euphoria. So waiting for market prices to reflect intrinsic values can often be a long and frustrating wait ,costing money in terms of missed opportunity and worse cost actual money if fundamental investors take positions based on their analysis and get the timing wrong. And it is here that Technical Analysis can help fundamental investors by tipping them off on which way stock price might move. Read more of this post