Sorry for not blogging for a long while (that is assuming that someone actually noted it).. Wanted to touch upon couple of wonderful things which had happened while i was away.
Tata Nano - One of the biggest inventions of our time i guess. Hats off to
Tata Motors. I was reading some articles about this invention and noted some interesting facts:
- The price tag of 1 lakh was never proposed by Ratan Tata or Tata Motors. The price tag is basically an outcome of media hype. However, Mr. Ratan Tata took it as a challenge and the rest is history.
- From the time this concept came into existence till the birth of Nano, about 4 yrs have passed. The price of every component of the car has increased. But Mr. Tata still stuck to the challenge. "A promise is a promise".... the now famous quote of Mr. Tata says it all...
- Another aspect i wanted to touch upon was the reaction of people. While most of us rejoiced, there were quite a few who were quite negative to this development. People were worried about pollution, traffic congestion and what not. My point is simple - If every company and the government itself could have worked as hard as Tata Motors in the past few years, our whole perspective would have been different. So, if someone has to be blamed - it is the people who have failed to act and not the one who has actually acted....
Reliance Power: The next big thing was the Reliance Power
IPO. The biggest primary market issue. The highest number of applications collected. Total amount committed is more than Rs. 7
lakh crores. The interesting point is that most people (including leading financial publications) believed that the issue is over valued, but despite that the response has been tremendous.
I am personally very curious to see the listing price and the share's subsequent performance in the capital market. The other interesting shares to watch out subsequent to Reliance Power's listing would be
Tata Power,
NTPC and Power Grid..
