Primary Concern: A Sluggish IPO Market

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business, IPO, Sensex, Shares, Stock Market, Wonderla

(Reproduced from original article in Outlook Business)

The Modi mania pervading the markets is yet to make its way to the corner of the Street that deals with new floats. The Sensex has scaled 6,500 points since last September and 3,500 points since late February to touch 25,228 as on June 10, but the initial public offering (IPO) market continues to remain sluggish. The trend has continued from 2013, which saw only three companies raising Rs 1,283 crore, compared with Rs 6,768 crore raised in 2012. IPOs worth Rs 60,000 crore — including GMR Energy’s Rs 1,450-crore issue — have been withdrawn over the last couple of years amid fears of low investor confidence. A look at the Sebi website shows no new draft red herring prospectuses have been filed since April 2014.

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Book Review: The Dream of a Ridiculous Man by Fyodor Dostoyevsky

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Books, Christian, Dostoyevsky, Existential, Literature, Russian Literature

The Dream of a Ridiculous Man Book Cover

Book Rating: 3 out of 5 stars

I would rather call this short story a lament on the following grounds:
a) It admits it cannot change things but proceeds to tell us what it thinks anyway.
b) It starts off on a morose note and diligently maintains the tone throughout.

The Year of Living Desperately: A Bombay Slum Report

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Bombay, Deprivation, Poverty, Shiv Sena, Slum

Gulshan Nagar – A Study in Squalor

Bombay is a city composed of microcosms – comparatively little self-sufficient communities oblivious to each others’ existence. The microcosm is a device this city and its people have adopted to accommodate so many human beings, all of them jostling for space and decent living conditions.