Archive for March 16th, 2015

Book review – Dare to dream: The life of MS Oberoi

March 16, 2015

Just finished reading this book on life of Indian ace hotelier – M.S. Oberoi. The book is a biography written by Bachi Karkaria, the ToI Journalist.

What a life Oberoi really led. It was not just dare to dream but living like a dream. The way Oberioi went about shaping India’s hotel chain and set standards at world level, was great to know. The chances one gets in life and how one takes those chances is really what sums up most things in life.

We have seen in Amitabh Bachchan’s famous movie Deewar when he goes to buy the building where his mother worked. In a less dramatic manner, Oberioi also ends up owning the Shimla hotel he worked as a mere clerk. He actually was shooed away from the hotel on his fitrst attempt to get a job at the hotel. Through his perseverance he got the job and the rest is history.

The empire was built around India’s tumultuous political history. Infact, the protagonist actually gained from the partition as British exited from the hotel chain they owned.  His work experience of managing some hotels before partition played a huge role in defining his success in the industry. This was obviously backed by hardwork, sincerity, love for details and huge passion. One can rarely succeed without these qualities.

This was an Indian MNC which expanded its quality hotel services beyond Indian shores.

Fascinating stuff..

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Manmohan Singh’s Greek tragedy..

March 16, 2015

TN Ninan writes on the tragedy facing former Indian PM:

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Is MUDRA Bank an end of Manmohanomics era?

March 16, 2015

S. Chandrashekhar, Member of Parliament  writes:

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You know risks are building when newspapers have pamphlets on “training program on how to become rich in stock markets”

March 16, 2015

Some things never make sense.

One of them is people advising others on how to become rich in stock markets. If you are that smart why not pile on the monies yourself. Why would someone waste time training others to become rich in stocks and not do it himself/herself. Even if the idea is to train people to understand stocks, it is fine. But if the idea is to make someone rich by trading in stocks, you need to ask the question why not do it yourself? And then all these ventures pop up when markets scaling new highs and disappear thereafter.

So it was interesting to get this pamphlet along with the newspaper where someone promises to make you rich by trading in stocks. It has all the fancy taglines like “letting the money work harder for you, even while you sleep”,  “science of becoming rich”, “stop listening to an expert, become an expert and so on”. Above all, if you are born poor it is not your mistake but if you die poor,then it is definitely your mistake. Really?

Like Gordon Gekko could never understand why someone would give lectures in Ivy leagues over making money in markets, same applies here too.

It also indicates that risks in Indian stocks are adding up. These ventures are a classic early sign (or late) of bubbles building in stock markets. When all these ancillary industries start to spring, you know trouble is beginning to brew. People should watch out newspapers in their areas too.

More bizarre is to see articles like these which say though valuations are at their 10 year high but markets still looking for fresh triggers. Instead of cautioning investors, newspapers are just spreading crazy euphoria..

Smart transport for Smart cities

March 16, 2015

Smart, bold, big bang, world standards  are the words of our time.

Ashwani Kumar has an article which could have been just easily titled as Last mile challenges for transport policy. This is something which is ignored abjectly in our country. Cities are expanding to all kinds of regions with very very poor connectivity of public transport at all levels. In cases where there is public transport, last mile remains elusive. So whichever way, people have no choice but to rely on private transport:

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