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Haryana and Orissa lead Investment Tables

Ila Patnaik reviews CMIE data on state wise per capita investment in 2007. The states with the leading investment per capital are Haryana and Orissa. It just happens that I am quite familiar with both states since I am Oriya and go back there to visit my folks quite often and because I grew up in Haryana and go back there once in a while as well.

Both states have able forward thinking administrations. And some help of course. Haryana’s proximity to Delhi is something they have taken advantage of. Orissa is blessed with more than its fair share of natural resources. But beyond that there is still a lot of good work going on. In Bhubaneswar, the traffic isn’t anywhere near being a problem yet. But the government is working hard to widen roads. Shows that someone is thinking ahead.

Patnaik attributes the differences and the trends in investment per capita to the quality of the state government administration. If I were to drill down a little more and ask myself the question, what would I look at if I were to set up a new center for my business my criteria would be as follows: More »

The Dharma Indexes

Stock indexes are an important part of the stock markets. A Wikipedia entry here will give you a good overview. Last month Dow Jones launched a family of indexes called the Dow Jones Dharma Indexes, in association with Dharma Investments. More »

Chilka Lake Photos

Over my winter vacation trip to India we visited Chilka Lake. It’s India’s largest salt water lake and home to many migratory birds. Beautiful place. Unfortunately not very well developed for tourism (or fortunately, depending upon your perspective). Some photos follow. If anyone knows what that beautiful moth is called please leave a comment.

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Big Pharma vs Nature

I read an article about something interesting that I now can’t seem to find on the internet. The article was about a study conducted by some Indian doctors that indicated that wheat grass juice can reduce transfusion requirements in Thalassemia patients. A paper on the subject in Indian Pediatrics from 2004 is what I was able to google.

One of the (many) problems with modern day drug discovery system is that it is driven completely by a template that provides no incentives to discover naturally found active ingredients with therapeutic properties. Discovering new drugs is an expensive process requiring tens of millions as investment before the drug can be commercially exploited. Most drug candidates don’t make it. If you amortize the cost of these failed drugs over the few successful ones, the costs multiply rapidly. The entire edifice of the pharma industry rests upon the ability of companies to successfully exploit a successful drug through patent protected pharmaceuticals. The problem with naturally found active ingredients is that a patient can get the cure without buying the pill. More »

Thomas Weisel Shutters Discovery Research

Last week Thomas Weisel Partners announced that it is shutting down its small cap research offering, Discovery Research. The 8-K filing says

Thomas Weisel Partners Group, Inc. (“Registrant”) announced today that it would discontinue its Discovery Research coverage of U.S. equities. That coverage is being discontinued as a result of the recruitment of key Discovery Research personnel to BNP Paribas Securities (Asia) Limited, a BNP Paribas affiliate. Thomas Weisel Partners is pursuing its legal remedies in connection with these departures. Discovery Research, a subscription-based research product, was produced out of Thomas Weisel Partners’ office in Mumbai, India. Thomas Weisel Partners intends to continue to conduct other business and operations through its Mumbai, India office.

There are two different reasons why I find this news interesting. More »

How Will IT Services Fare in the Coming US Recession

Most commentators put a high probability on the US going into a recession. What began with a problem of imprudent housing loans in the US has snow balled into a crisis for the Financial Services industry and an almost certain slowdown in consumer spending. How this impacts the Indian IT Services industry requires some analysis. More »

BCCI and Indian Cricket - Monopolies are Never Good

Last week the returning winners of the Twenty20 World Cup, jammed up traffic in Mumbai. Sharad Pawar, the BCCI President and also Union Minister for Agriculture, cancelled all his appointments to receive the Indian cricket team. There was a big press conference, at which he made a speech that was, it seems, more a political speech than anything else.

And why not? He is a politician in a cricket crazy country. Why shouldn’t he take advantage of the rare occurrence that is an Indian team winning a major championship? Many other politicians in various states had the same idea and showered gifts and cash upon their home state players. Everyone loves a winner. More »

I Hope You are Enjoying This!

I normally don’t post links if I don’t have anything to add to the matter. But this one is just so funny that I will.

Business Standard’s Kishore Singh wrote a review (here) of a book called “Entry From Backside Only” by Binoo John. An excerpt from the review

Now I am growing up in too many small places as Father is on transfer, and so I am not khit-pit in English in weigh these hi-fi people in Bombay and Delhi our, but I am knowing that this Mr John, he is kraking these jokes about small town people who are not so well knowing the language. At first, I am enjoying and laufing and saying, Oh, this Mr John, he is telling good-good jokes. But then he is saying that this is not write way to right English, and that this is Indian-English, which is not true English, and I am thinking perhaps he is CIA foreign hand, he is wishing to disallocate this great country.

Need I say more? If you grew up in India, go read the review, it’ll cheer you up.

I salute Kishore Singh. I wish I could write like that!

Indian IT Services - Right Turn Ahead

Is the Indian IT Services party over? Is a decade of growth and wealth creation coming to an end? And if that is so, what can we read in the tea leaves.

There are three fundamental reasons why the IT Services industry finds itself in a challenging environment. One, the dollar-rupee rate. Two, wage growth. And three, slower revenue growth. More »

Old Retail vs Farmers - Now It Gets Interesting

A couple of months back, I wrote about Kerela’s ban on organized retailing. Most readers agreed that it was wrong-headed. But there was some skepticism about my claim that organized retailing would be beneficial to the farmers. Well, here’s the tangible evidence. More »