Somebody’s Wrong on Reliance

Shareholders in Reliance Industries haven’t had it this good for a long time. After years of under-performance, the Indian oil refiner’s stock has zoomed 21 percent since the end of September, versus a 6 percent drop in the benchmark Sensex. Chairman Mukesh Ambani’s net worth has swelled to $21.7 billion. And now, its latest quarterly earnings have shown that cheap…

A perfect SAT couldn’t get this guy into the Ivy League – but he persevered and now runs a business that makes millions

Patel grew up in Las Vegas and lived in the Sky Ranch Motel for 16 years of his childhood. Shaan Patel, 26, an entrepreneur from Las Vegas, Nevada, has never quite followed the expected path. He spent his formative years growing up in the Sky Ranch Motel, a self-proclaimed budget motel that his family owned…

Mahindra slashes electric car e2o price by Rs 92,000

NEW DELHI: Homegrown auto major Mahindra & Mahindra has slashed the price of its electric small car ‘e2o’ by Rs 92,000 following the launch of a central government scheme offering incentives on electric and hybrid vehicles. The e2o, manufactured by the company’s arm, Mahindra Reva Electric Vehicles will see a reduction in price by 16…

Why Japan has the most old companies in the world

  KYOTO, Japan (AP) — Successful businesses shine for a few years, then nimbler competitors outwit them in a constant cycle that spans being feted to forgotten in less than a generation. But Japan has something different: thousands of companies that have prospered for centuries. Japan has more old companies than any other developed nation….

ARE investors falling out of love with emerging markets?

ARE investors falling out of love with emerging markets? The stockmarkets of developing countries were one of the few bright spots in investors’ portfolios during the first decade of the 21st century. But since October 2010 they have steadily underperformed markets in the developed world (see chart). That trend has continued in 2013. Emerging-market equities…

The sell-off in emerging markets should not obscure their attractions

 Out of Favour. ARE investors falling out of love with emerging markets? The stockmarkets of developing countries were one of the few bright spots in investors’ portfolios during the first decade of the 21st century. But since October 2010 they have steadily underperformed markets in the developed world (see chart). That trend has continued in…