Skip to main content


Ace banker Deepak Parekh, credited with creating some of the largest financial institutions in India, once saw his plans going "awry" when he fell short of money during his 21st birthday party and the friends he had offered to treat had to fill the gap. Delivering a lecture here at London School of Economics Students Union India Forum, Parekh was recalling his own days in London decades ago and said India's bright future often makes him wish he was "in his twenties again". Parekh, who now visits London at least 4-6 times a year for work, said he was having "a strong sense of nostalgia", recalling his student days in the city when he was doing chartered accountant articleship decades ago. "You may perhaps figure out how dated I am when I tell you that I celebrated my 21st birthday in London, inviting three of my friends for dinner. Considering myself a good accountant, I told my friends that I had earmarked 2 shillings and 6 pence for each of them and they could eat whatever they wanted within that budget," the eminent banker said. "I prided myself on being rather organised and meticulous, but that was only as far as the food was concerned. "Plans went awry when the drinks flowed – and flowed they did to land me with a grand bill of 13 shillings! My friends had to shell out the rest and till date, they still hold me ransom for that party of mine," he said in the keynote address delivered here last weekend. Parekh said despite "the extreme frugal living", his days in London turned out to be one of the best years of his life and it made him independent and open minded. "I met people from so many countries and made some of my best friends. While I was way too broke to have any dates, I compensated by experimenting with a lot of new cuisine -- mostly an array of animals, much to the horror of my mother who had brought me up as a staunch vegetarian. "This apart, my student years in London gave me the foundation and ground training that has held me in good stead throughout my working life," he said. In the lecture on whether India was a superpower in making, Parekh also told the students that India had never been in a stronger position than today. "Let me end by saying that in over four decades of my working life, I have never seen India in a stronger position as it is today. The opportunities that are opening up are immense. There is a huge premium for talent and I am sure that those of you who choose to return to India will reap the benefits," he said. As you transit from being students, do remember that no matter what field you work in, always ensure that your basic values of honesty, integrity and humility stay with you. "India's future is intensely exciting and it is for this reason that I wish I was in my twenties again!" At the Forum, also addressed and attended by several Bollywood celebrities, Parekh also let loose his sense of humour. "Let me end by saying that I recognise I can't direct a 'Don', I'm no dude to 'Rock On' and I don't match up to a  'Dil Dhadakne Do'. So here's a special thanks to the organisers for having the common sense to allow me to speak before that Bollywood hunk," Parekh said. "I know you all are looking forward to the next session, but do hold on to my words that India's best is still to come. Make the most of this opportunity for you all know better – "Zindagi na milegi dobara!", he added.


Popular posts from this blog


Leading businessman Anil Ambani today said more than creating wealth for himself, his father late Dhirubhai Ambani derived greater happiness from creating wealth for masses. "If you ever asked what part of being an entrepreneur he (late Ambani) enjoyed the most, he would say, 'I enjoy creating wealth. But what I enjoy even more is in creating wealth for the people of the country,'" the Anil Ambani Group chairman said while addressing an industry event here. It can be noted that the late Ambani, who had a humble beginning as a primary school teacher's son in Gujarat, is regarded as the father of capital markets and the equity cult, who made millions of investors millionaires with the IPO of Reliance Textile Industries in 1977. A person who had put in Rs 1,000 then in the IPO is worth over a million today, going by the price of RIL. Stating that the launch of Kothari Pioneer Mutual Fund, which was country's first private MF in 1993, was his (Dhirubhai's) id…


Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day today as both Sensex and Nifty fell over 1 per cent to hit their one-month lows. The sharp plunge left investors poorer by over Rs 95,000 crore as the market cap stood at Rs 1,27,08,846 crore. Risk appetite took a hit after the Economic Survey said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult. This is markets' first weekly fall in six.
Weakness in the rupee against the American currency and lacklustre global shares dragged down the indices, too. The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4. The index had tumbled 794.08 points in the last four sessions. The NSE Nifty after cracking the 9,700-mark to hit a low of 9,685.55, finally settled lower 109.45 points, or 1.11 per cent…


 for 11, April 2017
Opening Session  Subdued
Tithi ::Chaitra Bahula  Padyami
Persons born in Pushyami, Anuradha and Uttarabhadra constellations and those born in Libra and Aquarius are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.05 AM; 11.40 AM; 2.30 PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open  Subdued  and remain so  till about 11.20AM and could remain  better from  about 11.30 AM till about 1.30 pm and could remain subdued thereafter till  about end of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below  ATP/ Open level by about 9.30 AM , Short   Positions can be taken with suitable   SL, and such positions can be closed by about 11.30 AM. If Nifty Fut trades above  ATP by about 11.45 AM, Long Positions can be taken with suitable SL,and such positions can be closed by about 1.30 PM / 1.45 PM.
Technical Levels... Resistance : 9220, 9255 Sup…