Understanding long legal orders is tough.The Daily Brief by ZERODHA does small investors like me by gist of SEBI order and explains The Bandra branch story in simple to understand terms.The Daily Btief’s observations are key lessons for bankers,entrepreneurs,corporate executives,and even for investors that how banal financial deceit can be.
It reminds me of Satyam saga,Harshad Mehta scandal etc and once again shows what greed/dishonesty does to systems.
The other coverage on RE is very relevant,more so,it appears there’s no tmrw for RE cos.
As rightly analysed by The Daily Brief,the 3top cos are following One Path—Luxury RE and are thriving because of the wealth inequality.For most rich,owning a property is a “cornerstone of wealth strategy,”and many own six or more homes—homes they don’t use and common people suffer as by buying (hoarding)by rich,makes homes unaffordable.And,surprisingly the rich are rewarded by appreciation and rental income and that creates contagious FOMO.
India’s uber-rich — defined as the top 1% of Indian households, or individuals earning the top 40% of income — held on to $11.6 trillion or 59.1% of all assets held by Indian households, according to data from investment house Bernstein.
Of this, $7.1 trillion, or 61.2%, is parked in real estate and gold, the same report indicated.
True to the famous quote by Mark Twain—"Buy land, they're not making it anymore." Rich and poor Indians have historically relied on physical assets.
The Daily Brief analysis evidences the urgent need of affordable housing that these Top cos are not making.Why !
We had invested around 10 lakhs in DHFL FD through an agent. It was AAA rated at the time. Everything was going nice but one day the rumours came out about some fraud. We submitted fd for premature withdrawal and received full money. Got lucky as that was the last day they released fd amount. From next day nobody got anything. I think total 5000 cr was still pending the last time I checked. The point is it’s difficult to trust rating agencies. How did they not know about this fraud when it was going on for such a long time?
Understanding long legal orders is tough.The Daily Brief by ZERODHA does small investors like me by gist of SEBI order and explains The Bandra branch story in simple to understand terms.The Daily Btief’s observations are key lessons for bankers,entrepreneurs,corporate executives,and even for investors that how banal financial deceit can be.
It reminds me of Satyam saga,Harshad Mehta scandal etc and once again shows what greed/dishonesty does to systems.
The other coverage on RE is very relevant,more so,it appears there’s no tmrw for RE cos.
As rightly analysed by The Daily Brief,the 3top cos are following One Path—Luxury RE and are thriving because of the wealth inequality.For most rich,owning a property is a “cornerstone of wealth strategy,”and many own six or more homes—homes they don’t use and common people suffer as by buying (hoarding)by rich,makes homes unaffordable.And,surprisingly the rich are rewarded by appreciation and rental income and that creates contagious FOMO.
India’s uber-rich — defined as the top 1% of Indian households, or individuals earning the top 40% of income — held on to $11.6 trillion or 59.1% of all assets held by Indian households, according to data from investment house Bernstein.
Of this, $7.1 trillion, or 61.2%, is parked in real estate and gold, the same report indicated.
True to the famous quote by Mark Twain—"Buy land, they're not making it anymore." Rich and poor Indians have historically relied on physical assets.
The Daily Brief analysis evidences the urgent need of affordable housing that these Top cos are not making.Why !
We had invested around 10 lakhs in DHFL FD through an agent. It was AAA rated at the time. Everything was going nice but one day the rumours came out about some fraud. We submitted fd for premature withdrawal and received full money. Got lucky as that was the last day they released fd amount. From next day nobody got anything. I think total 5000 cr was still pending the last time I checked. The point is it’s difficult to trust rating agencies. How did they not know about this fraud when it was going on for such a long time?
how on earth some one get AAA rating easily in india ?