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Top 10 Indebted Indian Corporates


wealthymatters

Crony capitalism is a high risk but quick way to enrich oneself. But such promoter groups are bad news for unsophisticated investors.

Be well advised to avoid the shares and FDs of these groups.

1 The Reliance Group

The Anil Ambani-led Reliance Group is in the business of power, insurance, wealth management, telecommunication infrastructure and entertainment. In March 2015, the company had a debt of Rs 1.25 lakh crore on its balance sheet. The amount is equivalent to the special package announced for Bihar by Prime Minister Narendra Modi ahead of state elections in August last year.

2 The Vedanta Group

Anil Agarwal’s company is the second-most indebted company. According to Credit Suisse, the company, which is into metals and mining, had a debt of Rs 1.03 lakh crore. This is equivalent to the amount raised by the Government of India in March 2015 through its biggest-ever auction of telecom spectrum. Read more of this post

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R Ramdev And His Unique Trees


wealthymatters

Born in the Iberian Peninsula some 800 years ago – when Muslim caliphs still ruled large parts of Spain – the hoary olive trees on the left have traveled thousands of kilometres to Hyderabad,the city of Nizams, where they wait to be bought by some nabob.

The olives, and many other exotic trees that share space at a 250-acre facility on the outskirts of Hyderabad, have been imported by Unique Trees – the biggest name in the business and the first to get an import licence from the agriculture ministry in 2011.The client list of Unique, which sells these imported trees for prices ranging from Rs 10,000 to Rs 12 lakh each, looks like a roll-call of the rich and famous, and includes Bollywood actor Shah Rukh Khan, tourism minister and veteran actor Chiranjeevi, and Telugu superstar Junior NTR. Most celebrities buy these trees, whose ages vary from 10 years to 800 years, to beautify their homes and are not averse to spending some big bucks. Back-of-the-envelope calculation suggests that many of them allocate as much as 10% of their home-building budget for landscaping. Read more of this post

Indian Philanthropy


wealthymatters.comHere are some major features of Indian Philanthropy as enumerated by eminent Indian businesspeople.They are perspectives that were articulated in response to the Gates-Buffett ‘the Giving Pledge’

1.”India has a very old culture of giving, since the time of Buddha. The concept of philanthropy is not new to us.”—-Rahul Bajaj, chairman, Bajaj Group.

2.”Philanthropy in the first world and in the third world are two different things. In the first world people donate to build a baseball stadium. In India, we have to decide for ourselves what we want out of philanthropy. It is not for the Americans to tell us.”

“shareholders have done more charity than Gates and Buffett put together. How? By allowing Cipla to export drugs for $100 million to Africa, which could have fetched $4 billion if they were exported to the US”—-Yusuf Hamied, chairman & managing director, Cipla Read more of this post

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