I explaining how what is market capital, market cap index, free float or investible weight, adjusted market cap, index divisor, formula for computing market index etc.
Manish Sawankar and I recently (around May 20, 2009) visited a magnificent ancient Bawadi (a well with staircase and community space) situated at Vela (Harishchandra) about 12 KMs from the zero mile, on Wardha road, Nagpur. The Bawadi still has good clean water that is being used by the Church nearby. The structure is ill maintained like most other ancient structures in India and needs immediate attention from the Archaeological survey of India. It may be a good option to involve some corporate sponsorship to augment resources for the maintenance of the historically and culturally important water-body in these times of water scarcity in India. Photos are available at http://www.flickr.com/photos/29473404@N08/3603117284/
I recently read about VC firms asking the founders of potential investee company to register in a developed country for the ease of doing business in general, and for friendly corporate tax in particular. In that scenario, profit making startups doing business in India become tax payers to a foreign country when foreign funds invest in those companies. That looks like win-win for all as these companies create jobs in India and hence create individual Indian tax payers while they pay relatively less tax to a foreign country and increase profit for the investors. There is no doubt India needs to improve on ease of doing business and have a business friendly tax regime in addition to drastically reduce corruption and bureaucratic processes. We also need to strengthen our laws for intellectual property rights. Recently, in the budget this year, Indian finance minister announced gradually reducing corporate tax to 25% over 4 years to rationalize it. This is welcome. That s...
We recently had to painfully let go one of our star performers at Harrier for a reason other than her performance and behavior. Reason, she said is can’t even make a day-trip to visit a client, not even with a colleague, as her father has restricted her to travel overnight in train without a family member accompanying her! We could have sent her by air if we could afford, but this was a fundamental issue of who decides whether she will travel or not for office work! We understand the scary atmosphere created by stories in media about crimes against women and her father is justified to be concerned about her safety, but this sounds like stretching it a bit too much to put a blanket restriction on her overnight travel. Further he seems to have said that she is free to do what she likes after her marriage. So, it seems that he is less worried about her safety and more about his duty to keep her safe only till her marriage, as after that, it seems, it is someone else’s duty to worry abou...
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