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Showing posts from March, 2023

Chaitra Navratri, Ramadan, Lent & Personal Finance

March-April is an amazing period when followers of the three prominent religions across the world observe fast as religious obeisance. While Hindus celebrate Chaitra Navratri, Muslims observe Ramadan & Christians observe the Lent. Chaitra Navratri signifies the creation of the universe and the beginning of the world and beings by the Goddess Durga or the Adi Shakti. Chaitra means new or bright. The first day of the Chaitra month marks the beginning of the new year as per Hindu calendar. Followers observe fast for nine days and worship nine different forms or incarnations of Goddess Durga during this period. Ramadan is the month when teachings of the Holy Quran were revealed to Prophet Muhammed by the Allah. Ramadan is derived from Arabic word ‘Ramdh’ which means intensely hot or burning. Worship and devotion during this month burns away the traces of the sin and produces the necessary warmth of the love in man for his creator and fellow beings. Lent is the period of 40 days w

Gloomy News & Investment Decision

  "The market does not trade upon what everybody knows, but upon what those with the best information can foresee" – William Hamilton Bank Collapse in USA - After the Adani saga it was the turn of some sensational news from so called robust but deteriorating financial system of USA. Collapse of Silicon Valley & other banks in USA are just the cases of cash flow mismatch and investment calls going wrong. By now you must have read enough on this. Still should you wish to understand what this story is all about, you may call your InvestmentMitra for the same. Thankfully SVB hadn’t financed any of the ventures from Adani group, otherwise pessimists would have declared doomsday for India as well. Adani Saga - Good part about Adani’s saga is that Adani as a group has interest across diversified industries and geographies. It has created a good mix of domestic and international debt. Adani group’s businesses are real. The promoters have prepaid a good amount of debt maturi