JP Morgan Summer 2013 Reading List


Since the post on last year’s list is still popular ,I thought I’d do one on this year’s list too.

Following are the titles that made it to this year’s list:

WealthymattersCreating Room To Read: A Story of Hope in the Battle for Global Literacy is by John Wood called the Andrew Carnegie of the developing world.John Wood left Microsoft determined to put books—and learning—within the reach of every child. In this book, Wood shares his business model for making a difference. From launching the Room to Read nonprofit to navigating the process of translating books into dozens of languages, the challenges of running one of the world’s top NGOs are deftly tackled by the man who has helped millions discover the joy of reading. Read more of this post

State Of The Rental Home Market


wealthymatters Demand for rented homes has halved and rents are down by 25% in several popular residential localities in Mumbai, Delhi and Bangalore, as India Inc tightens housing budgets in its battle against economic slowdown. In Mumbai, rentals in marquee buildings like the sea-facing Haveli on Malabar Hill, NCPA Apartments at Nariman Point and Maker Towers at Cuffe Parade, where rentals range between 5.5 lakh and 12 lakh a month, are down by up to 30%. In Delhi’s Vasant Vihar, West End, Chanakyapuri, Shanti Niketan and farmhouses in Chattarpur and West End Greens,rentals have dropped 25% in the last one year. Rentals in apartment buildings in  Bangalore neighbourhoods like Epsilon in Yemlur and Prestige Exotica on Cunningham Road are also down by 35% this year.Rents in Epsilon range between 7 lakh and 10 lakh. Corporate earnings have been subdued and no new expansions have been announced in the recent past. Companies are hiring less and also cutting down on perks such as rentals. Read more of this post

Labour Market Insights


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The Ameriprise India Financial Intelligence Index Survey


wealthymattersIn this survey,an early start, goal-based planning and willingness to seek professional advice have made Mumbai investors the most financially intelligent in the country. Mumbai investors scored 5.8 on a scale of 10, the highest among the six cities, in this study conducted by TNS India on behalf of financial planning firm Ameriprise India. Delhi ranked second on the Financial Intelligence Index with a score of 4.5, followed by Hyderabad, Pune, Bengaluru and Chennai . The study gave equal weightage to five parameters: the age at which you start investing, portfolio diversification, long-term horizon, goal-based investment and seeking professional help. Nearly 700 upwardly-mobile investors with an annual household income of 12.5 lakh and in the age group of 28-45 years responded to the survey. Read more of this post

Thought For The Day


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