Blog entries for klmukesh

Oil Bonds For Rs. 19,000 Crores

klmukesh

This takes care of the losses for about 105 days. For the record, there was a Rs. 24,121 crores IOC bond issued last year. This does not seem to have solved the problem. What happens after this new bonds are issued? When will our big chiefs realize that a subsidy may not always be the best solution? In this case all that will happen is the oil prices will appear to be under control. In order to fund the interest payment, there would have to be addi [...]

Would you invest in Rediff

klmukesh

Comparison Of Google and Rediff For Last 1 YearKey financial data for Rediff as follows: (taken from July 16 edition of Barrons)Market Cap: $740 million (approximate)PE: 115 times trailing earnings88 times forward earningsInterestingly, the size of the online advertising business in India is $57 million. So Rediff is valued at 13 times the size of the entire industry! Rediff has 9.6 million regist [...]

Growth In Advertising In India

klmukesh

http://us.indiantelevision.com/tamadex/y2k7/july/tam28.php

China Statistics

klmukesh

Figure 1: China Employment By Industry

The general tendency is to assume China to be a manufacturing powerhouse – which is of course true. Surprisingly, there has been a far sharper growth in employment in the tertiary sector (i.e. services) while there has been a moderate growth [...]

China invests $ 3 billion in Blackstone Group - Part II

klmukesh

Russia - $50 billion .... All of which add up rather quickly into a trillion $ +! With the size of the reserves continuing to balloon, the US $ continuing to be relatively weak, the treasury and bond yields continuing to be low, it is reasonable to expect the SWFs invest more in the stock markets. SWFs will surely impact markets in ways that have not been experienced before. Traditionally, Central banks policies are geared to contain normal inflation as well as asset inflation. This wou [...]

China Invests $3 billion in Blackstone Group

klmukesh

The Chinese are sitting on a huge pile of foreign exchange reserves – about $1.2 trillion. Most of the investment would be in US treasuries and bonds – both of which have a paltry yield. When you combine that with a declining dollar, it would seem sensible to go in for investment that could have potentially better returns. Last year, Blackstone Group had a revenue Growth rate of 125%! Having said that, the main question remains – should a wholly owned subsidiary of a c [...]