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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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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

India’s Top Veggie Billionaires


India's Top Veggie Billionaires

Billionaire Matrimonial Alliances


The Serious Business Of Marriage

 

And should the Big Fat Indian Wedding be your thing,try this blog-Link

Dealing With The Competition Ratan Tata Style


wealthymatters.com There was a time when Videocon gave tough competition to a Tata entity Nelco by making products 20 per cent cheaper.

Ratan Tata called up Venugopal Dhoot to ask how this was achieved.

“He praised me and studied my model.” – Venugopal Dhoot, managing director of Videocon Industries.

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