The Saga of Corruption And Misgovernance in India We have been massively bearish on the Indian stock markets for a long time now citing the huge mis-governance and corruption that afflicts the entire economy. During the credit fueled boom in the early 2000s, these problems got shoved down the carpet, leading to high valuations to […]
Bitcoins Bitcoins are a form of “e-money” which is made of complex code created with the help of computer. Process of creating Bitcoin is called mining and it can be carried out by anyone with the help of a computer. Bitcoin is free from central bank intervention and is a promising form of electronic cash. […]
Bitcoin Bitcoin also known as BTC is a kind of digital currency which was first described in 2008 by Satoshi Nakamoto. It was known as an anonymous P2P electronic payment system, which was aimed to minimize the use of Paper currency. Bitcoin is not maintained or managed by any central authority and its creation is […]
Foreign Currency Convertible Bonds (FCCB) FCCB or the Foreign Currency Convertible Bonds is a type of convertible bond issued in a currency different than the issuer’s domestic currency. It can be regarded as an instrument used to raise money by the issuing company in the form of a foreign currency. A convertible bond is a debt instrument with equity flavors […]
Capital Account Convertibility Capital Account Convertibility is nothing but the freedom to convert the local financial assets into foreign financial assets and vice-versa at market determined rates of exchange. It is associated with the changes of ownership in foreign/domestic financial assets and liabilities and embodies the creation and liquidation of claims on, or by the […]
Quick quiz. What is common to Suzlon, Moser Baer, Indo Solar, Websol Energy systems and Orient Green Power? All these stocks had successful runs on the stock market and hyped as the next game changers in wind energy, semi conductors, solar power and hydel/geo thermal power. Valuations were more on growth stories than through an hard nosed DCF spreadsheet. But now, they trade at record lows(like other stocks but what is different is the pressing fundamental concerns in each case). Is this a bubble finally bursting, or are investors panicking?