Questions re Satyam
While I was out of circulation and not blogging (business trip and vacation) the Satyam saga was unfolding. I remained abreast of what was happening but didn’t post anything on it. It’s been well covered by other bloggers and the media in general both in India and abroad. So I won’t bother adding my opinion except to say that if India Inc. is to redeem itself, what happens from here on out is what matters. The Rajus, on the other hand, cannot redeem themselves. Nor can the independent directors, unless they publicly say that critical information was withheld from them.
But I have several questions about the whole affair. Some of them are rhetorical, others are real questions. So if you know the answers or where I can read up on material, please let me know. More »
I was in Singapore for a few days during my winter vacation. Sandwiched between two weeks in India and a week in Thailand, the contrast between Singapore and these two third world Asian countries could not have been starker. As we all know, a few decades back all three countries were equally under-developed. Today Singapore is an advanced economy and continues to grow (though not in 2009) led by an enlightened government. 


While people in the capital markets or selling to it lament the “It’ll never be the same” nature of recent events, there is an emerging meme that says that this is perhaps a good thing.
