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My Love Story - Mumbai & Taj
Posted by :
tally
Boarder Since : 3rd Jul 03
Posted 816 messages to date
My father shifted from Bangalore to Mumbai in early 60s. He had joined FCI Trombay and we lived in Chembur. For me Bombay was a vacation home town as I did my schooling & college in Punjab. thereafter I joined Air Force and it was a similar situation.I just came to the city on a holiday. In 1965 I was commissioned, came to Bombay after 65 war and was made to feel a hero although my contribution in real operation was not much to speak out- being newly commissioned we were not subjected to any tough and demanding mission. I remember my first visit to Taj hotel where along with my friends we ate buffet lunch at cost of Rs12.50, an affordable price as I earned a princely salary of Rs 800/ per month. For many years whenever I was in Bombay IT WAS MY WAY TO `SHOW OFF` TO OUTSIDE FRIENDS AND RELATIONS BY OFFERING THEM LUNCH AT TAJ. In 70s Taj became unaffordable and I stopped visiting except on one occasion when i celebrated my marriage anniversary. Grandeur of this hotel remains etched in my memory. Some time in early 80s, AFTER THE DEATH OF MY FATHER I SHIFTED FROM BOMBAY to DELHI but whether I was in Delhi or New York OR SOME OTHER CITY, comparison became inescapable and some time my wife had to stop my infatuation or was it puppy love of a man with Bombay and Taj. I HOPE TO VISIT BOMBAY AND TAJ AS SOON AS TAJ IS READY. I also wish all Mumbaikars all the best and prosperity in coming years. IT WILL REMAIN THE BUSINESS CAPITAL OF INDIA, ALL INDIANS WILL ENSURE IT
Whereis Raj Thakre !!!!!!!!
Posted by :
morningdew
Boarder Since : 22nd Oct 08
Posted 40 messages to date
Where is Raj Thakre ?why is he hiding under his blanket so that he can`t see anything? . why did`t he come in front of the Terrorists to save Mumbai,where has his love gone for his state . why did`nt he fight with those terrorists for his people of Mumbai....? Why didn`t Raj Thakare send his army, who only shows their arm to feeble guys. I think Raj Thakare and his Navnirman rat Sena are such coward foxes, not even issued a single comment.Tell him that nothing to worry now as 200 NSG commandos from Delhi
(all North Indians) being sent to fight the terrorists and everything is alright now , So there is no need to hide .
Such a political time servers who spoils our nation, unity and divineness of our country should be treated like a dead swines.
This is the high time to think for all those so called Marathi Manoos who are die -hard supporter Of Raj Thakre that their hero should be persons like great Hemant Karkare(Ips) , Ashok Kamte(Ips), Major Sandip, Vijay Salaskar and others who gave their life for National Interest and saving lives of others or those like Raj Thakre who does not bother about life of others for his political interest.People of Mumbai have to wake up and realize that he`s a coward & teach him a lesson. It’s better to be a responsible Indian rather than a Maharastrian, Bihari,Punjabi, Gujrati............
Don`t you think guys that Raj Thakre is really worried for past four days that these terrorists have seized the front page of Marathi dailies from him....lol .....I wish he was in the Taj that moment so that we could see his scared rat dance in live...lol.......
OH GOD PLS HELP US INDIANS FROM THESE POLITICIANS AND GIVE US COURAGE TO BE UNITED AND FIGHT AGAINST THE TERROR WORLD................
On one hand we have brave Marathi manoos like Karkare, Lasalkar and kamte. And on the other we have Pratibha Patil, Shivraj Patil and RR Patil.
Pratibha Patil - Does anybody think, we have a president these days. This president only attends functions, visit foreign countries, live a retired life in luxurious rashtrapati bhavan. Does India really needs a President who is inactive most of the times? This position is just a retirement benefit for congress/BJP politicians. A president should be very powerful and should not have any political affiliations or belong to any political party previously. Let Indian citizens elect a president not by stupid politicians.
Shivraj Patil - Another potential candidate for president after kicked out from Home Ministry? Given the loyalty or sycophancy culture of congress, atleast this man will be governer in the future. Lets us see what is his contribution as Home Minister? Its a big Zero. Good for nothing. Atleast LK Advani was better as he could release dreaded militants in exchange of Air India Passengers in Kandhar when he was Home Minister during NDA rule.
RR Patil - What a politician? a future PM? lol.lol? Should he be continued in his present position or sent to mental asylum? Who just says Mumbai attacks are small in nature and they keep happening in a megapolis like Mumbai. It seems RR patil wants more bigger attacks to accept responsibility? Shame on these chair loving politicians.
Its not over, where was our great marathi Manoos, Raj Thackeray all these days? Hiding for his life? Over 200 of North Indian commandos saved Mumbai from terrorists. When others succumbed to terrorists bullets including ATS and Mumbai Police. Only Marathi Commandos should have been allowed? isn`t it Raj Thackeray???? Shame on you Raj. You have not yet become a political leader, but you are no less than Patil`s.
Pay your tributes to Bangalore Boy Sandeep
Posted by : radhika_nandlal
Boarder Since : 10th Jun 07
Posted 12529 messages to date
Every bangalorean`s heart weeps for Sandeep Unnikrishnan, only 31 years of age.
Quoting BANGALORE MIRROR
Despite his keralite roots, his upbringing was in bangalore. He studied in the prestigous FAP (Frank Anthony Public School) here in Cambride Layout where he excelled in both academics and sports. He is the only son of his parents, his father works for ISRO.
Sandeep was driven by the desire to join the Armed Forces from his teens, but his parents were opposed to the idea as he was their only son.
Every annual function at FAPs had a chief guest from the Amred Forces. That was a big inspiration to the students.
Sandeep bent down to help one of the constables battling for his life, in trying to shield him Sandeep was felled by a terrorist`s bullet.
Unquote
Sandeep Darling, BANGALORE WEEPS FOR YOU. Our anger will reach the gods, Justice will prevail. We salute you dear braveheart for having sacrificed ur life for our safety. SALAAM!! May god grant you the best of everything in the other world. May he give strength to your parents to come to terms with their loss.
Mumbai Terror - Pay your tributes to ATS Chief Hemant Karkare.
Posted by :
itsmenaveen
Boarder Since : 26th May 07
Posted 2 messages to date
Hello Friends,
Indeed it’s a sad day for all of us, let us not loose hope but be brave.
I request for all of you to rethink how can we the market participants help our mother land. I suggest buying some of the terror impacted stocks, to show the world how resilient and emotional we are. Though emotion does not play a good role in stock markets we have take some reasonable risk to help the fellow Indians who are impacted. We have been emotional for thousands of years but still growing at 7% pa. Its ok if you do not feel like buying the stocks but please do not short.
Thank you
Naveen
Mumbai Terror Attack, What can we do to make the city and country safe?
Posted by : Rose
Boarder Since : 22nd Apr 06
Posted 690 messages to date
The ugly face of terror has reared its head once again in Mumbai, India’s financial capital is again at the mercy of terrorist, the city has once again been paralyzed , the stock markets were shut given the circumstances , trains were plying empty, roads were lifeless perhaps for the first time in Mumbai. Has the government and police machinery failed completely to take care of its citizens? Should Mumbai now be handed over to the military? Will Mumbaikar feel safe and secure with the military? What should be done to make Mumbai and India safe? Voice your opinion, now is the time lets tell this government what we really think of them.
I for one think the SIMI should be banned immediately.
Bring back POTA.
Kill all terrorist on site don’t take them alive, giving no reason for their friends rescue them by holding innocent people as hostages.
Let the army take over we will feel more safe.
Mumbai, How long and how many?
Posted by : souravkundu
Boarder Since : 13th Oct 05
Posted 1830 messages to date
http : //ami-kye.blogspot. com/2008/11/mumbai-how-long-and-how-many.html
{remove the spaces in the addressline}
26th of November 2008. It was a good day for the Indian stock markets and to see how was the Dow Jones faring I flipped through the television channel in the gym. Channel 17, and I froze. CNN: Mumbai under terror seize. I forgot about my gyming routine and increased the volume.
At around 10:30 PM tonight open gunfire started in Café Leopold in Colaba. Over time the terrorists have taken up hostages in Hotel Oberoi and Taj Hotel. Foreign tourists have been taken hostages. A police jeep has been hijacked and unprecedented open firing was going on injuring and killing the innocent bystanders in the streets of South Mumbai. Open and indiscriminate firing at Chatrapati Shivaji Terminus, the main railway station, killed a lot of people. Most heinous of all, hostages are taken up in Cama Hospital which is for women and children. I have heard that people have been killed in the hospital as well… Can you beat that? But what do we do? Do we give these terrorists a fitting reply?
Till now 87 people are dead and more than 200 injured. Anti-terrorism squad Chief Hemant Karkare was killed in the shootout. The 54 year old veteran, one of Mumbai’s finest took the bullet on his chest. Additional commissionaire Ashok Kamte killed in gun battle. Vijay Saluskar, encounter specialist, killed in gunfire. These were the men who took care of Mumbai. Mumbai lost five of its finest officers tonight. The Army, RAF have already entered the hotels and till now four terrorists have been killed. But its not yet over, there are more terrorists holed in. There is a fire at Taj Hotel. Hostages are being relieved but they are too dumbstruck to talk. A total of 11 policemen have died and 18 have been injured. But what do we do? Do we give these terrorists a fitting reply?
This is not new. This is not happening for the first time and I know it is not happening for the last time. These hotels are the places where a majority of foreign tourists flocked. Will they come again? What impression will they have of our nation? Colaba market is a favourite hangout for Mumbaikars as well as for the foreign crowd. They have targeted places like the railway station, the hospital, the hotels and the streets. They are killing people… not a Hindu or a Muslim or a Christian… they are killing the “aam aadmi” and the “aam aadmi” does not belong to one particular religion. He’s the same “aam aadmi” who lives inside you and me. And the “aam aadmi” is suffering. What is the “aam aadmi” in you doing?
Time and again, Mumbai gets attacked. And Mumbai rises again… what is the other alternative? You have to rise. But what exactly do you get by killing innocents? What exactly do they want? The whole nation, sorry, the world is watching this.
A hand made grenade was hurled in the BP petrol pump in Colaba, luckily the bomb did not affect the underground petrol bunk. I just saw footage of a hijacked police jeep and automatic gun firing near to the camera-man as all the people there ducked to shield themselves from the bullets. As the jeep left, there were injured people. People were screaming; they were frightened. There is no safety at all for the citizens of Mumbai.
One terrorist outfit –Deccan Mujahideen have claimed this as their doing. But what I fail to understand is, what do you get by killing people? What exactly do you get? Every-time our country faces such a situation there would be a terrorist outfit claiming “proudly” that this is their doing. Sometimes they demand a release of one of their kiths from the police custody. But still, I fail to understand what exactly do you get by killing people, killing not people… but innocent people? By disturbing the normal life? And when these in-human creatures are caught, we are not supposed to kill or harm them because we are a democratic nation and we have the Human Rights to ensure that they are not ill treated. My foot!!!
But all said and done… what happens the next day? Is it life as usual? Are we going to go out as if it’s just another day? Are we so fragile that every-time such terrorism strikes us we would rush for the covers? Why can we not protect our homes, our cities, our countries?
The place outside the Oberoi Hotel has pin drop silence. People are scared and they know, that its not yet over. There are still around 15 member terrorists in the age group of 20-25 years active on the 19th floor of Oberoi Hotel. The Army, the RAF and now the NSG have also been called.
The route taken for the ammunitions is via the sea, as abandoned boats were located near India Gate.
There are a few questions that we have to ask ourselves.
Are we capable to take care of ourselves?
How long are we going to reel under such losses, time and again?
And last but not the least, what do you accomplish by killing innocents? 70 virgins when you die??? My foot!!!
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : DUstocks
Boarder Since : 16th Feb 07
Posted 5114 messages to date
If words would morph to `appearances` ... Shakespeare, Russell and Bradley would have far outscored Charlton Heston, Gregory Peck, Richard Burton and a host of other supremely handsome men on the count of physical attributes !
I`m as heavy as an ill-liquid stock PUT, as short as the October, 2008 market, and as ashen-comlexioned as most of us `turned` around the 20th of January, 2008. I`m extremely ill-dressed ... asmuch as an expiring OTM call ! Truly disappointing on the `physical` culture front !! I NEVER LIE !!!
7 investment truths ........
Posted by : latikav
Boarder Since : 23rd Oct 06
Posted 1453 messages to date
The best way to de-risk your portfolio is to invest through a mutual fund. This is the advice that everyone has given to the small investors in the past two years. Even Finance Minister P. Chidambaram has reiterated this several times. But after the current stock market crash has trashed even the blue chips, the Money Today-Value Research list of India’s Most Wanted Stocks over the past two years proves that this is a widely accepted fable. Here is the new set of investment truisms.
1. Experts can get it wrong
Beyond the fundamentals, the art of stock-picking is based on luck. It’s purely by chance that fund managers discover value picks. Ten months ago, ICICI Bank was being added to fund portfolios at Rs 1,200. But recently, it was down to Rs 400. Similarly, IT bellwether Infosys was the preferred choice of funds at Rs 1,768 and, later, it was available for Rs 1,320 despite the fact that dollar had strengthened from Rs 40 to Rs 47 during the same period. One would have assumed that the fall of the rupee would have increased Infosys’ valuation since a stronger dollar benefits export-oriented firms. A similar trend has been witnesssed in mid-cap and small-cap stocks. Crompton Greaves was picked for Rs 129 when the Sensex touched 10K the first time, and is taken for Rs 232 now that the Sensex has touched 10K again.
2. Funds have limited choices
Like any small investor, mutual funds too have a limited stock universe. Although there are 5,103 listed stocks on the BSE, and the mid-cap and small-cap indices comprise 274 and 494 companies, respectively, the portfolios of actively managed funds don’t go beyond 100 stocks. It amounts to less than 2% of stocks that fall under the fund managers’ radars.
3. Favourites can change
Today, in a falling market, when the Sensex is at 10,000 levels, 14 mutual funds hold Ipca Labs with a total exposure of Rs 234 crore. Two years ago, in a booming market, when the Sensex had touched 10K, this small-cap stock was held by nine funds with an exposure of Rs 125 crore. So, even the experts have their flavours of the month, just like you and I do. While only 89 funds had the most preferred Reliance Industries in their pickings when the Sensex first touched 10K, it now finds significant holdings in 160 funds.
4. Funds can own unknown duds
Ever wondered why relatively unknown stocks such as BS Refrigerators, GCI Solutions and Mukerian Papers get into an expert’s portfolio? The answer: even mutual funds can purchase duds and make wild investment decisions. And these are only a few of the misplaced bets from the list of 100 stocks that several prominent mutual funds hold currently.
5. Mid-caps aren’t necessarily the future large-caps
Even attractive mid-cap stocks can turn out to be mistakes. Aditya Birla Nuva, a mid-cap company, was promoted to the large-cap category in December 2007, with mutual funds holding stocks worth Rs 1,382 crore. Three months later, it was back to being a mid-cap, and mutual funds’ combined holding had dwindled down by 34% to Rs 903 crore. Another mid-cap, Divi’s Lab, was relegated to the small-cap status by the end of March 2008 after the stock had taken a huge beating on the back of a sustained fall in the markets after January this year.
6. Mutual funds also follow the herd
Everyone, even the so-called smart and savvy investor, likes to be a part of the crowd. If you, as a small investor, buy what the funds buy, the funds go after stocks that their competitors own. In the MF universe, 60 funds have Reliance Industries as their most wanted stock. The top three holdings of over 100 MFs are part of the top five most wanted stocks.
7. Checking MF portfolios can be a good bet
We get to know what a fund has purchased after a lag of nearly one month, as new additions in a mutual fund portfolio are released in the first week of every month. But if you invest in these new stocks even at that stage, you are likely to earn good returns from them.
Money2day..........
mages in the rearview mirror of the stockmarket`s history hold out hope
Sub-editors are finding it difficult these days to think of creative headlines. After all, how many times can you write ‘market crashes’ or ‘markets at x-month low’? Ironically, the same time last year, the problem was exactly opposite when every other day markets were touching new highs.
Things, however, have changed since January this year. Markets have lost about 60 per cent from that time with some stocks losing up to 90 per cent of their market cap, something that was unimaginable a year back. The Sensex touched a high of 20,000 on 29 October 2007 after starting its journey from 13,700-levels in January the same year—a return in excess of 45 per cent in just 10 months. Whew! And this after markets had moved 46 per cent in 2006. So, it was not a recovery rally but rock solid confidence in Indian equities.
To understand this confidence, I went out on the Dalal Street and met fund managers and research heads at brokerage firms. Some were confident of the India growth story and argued that India was in a structural bull run. Some Indian analysts were also of the view that problems of the West would not affect us; the decoupling theory was at its strongest. But everybody was not convinced.
A top fund manger told me that the India growth story was here to stay, but valuations were looking a little stretched. Indian markets continued their steep climb for the next three months and the world moved into 2008 on a high note.
Outlook Money, in its first issue every year speaks of the investing prospects in the new year. For the equity section, the editorial team had had long discussions on what were the possibilities the year ahead. We felt that going by history, we could not have supernormal returns year after year as the markets could not grow just on the basis of PE expansion. It is an absolute necessity that prices are backed by earnings, which was not the case at that point of time. The intense discussions within the edit team and inputs from experts resulted in an article: A Fiery Drink Coming Up, 15 January 2008.
We did anticipate a correction because fundamentals did not justify the valuations. Furthermore, the global and the domestic economies were not looking good. I must, however, admit that we didn’t expect that the correction to be of this magnitude.
What started as a credit market crisis in the US has spilled over to equity markets across the world. Now, the entire global financial system is in a mess. But, as history shows, this too, is not the end of equities.
In the past, markets have bounced back after every crisis. Even after the Great Depression in 1930s, it took time but the markets did recover. Now, both markets and real economy should be able to heal faster as governments across the world are reading market signals carefully and taking necessary action. It’s just a matter of time when our sub-editor friends’ creativity will again be tested to communicate market recovery. Till then, let’s be calm, have faith, and look for some long-term opportunities.
OutLooK...
