They got things long before their parents did. Now, GenNext takes to giving Shalini Rawla You only live once – the mantra of the millennial generation (born circa 1990 ) is nothing but the result of helicopter parenting. Parents of this generation (born in the 1970s) chose to break down the traditional structure of parents-as-authority to parents-as-friends . They encouraged their children to share everything with them – their problems at work or in relationships. They even helped them do their homework and projects in school, and networked with their peers to get them an internship or a job in a good company. The new wave of social media stoked this discover-and-share attitude further. Brought up as trophy kids , this generation got an early exposure to all those things that their parents had to wait for, and perhaps earn – be it a hobby class, summer camp, their first mobile, laptop, a trip abroad, or even their first bike or car. Everything became a new exper...

As per statistics, two-thirds of the total corporate borrowings are by firms whose stock prices are hovering around multi-year lows. As a result, the gap between the outstanding liabilities of these companies and their market capitalisation has been widening. This is indeed a worrying sign for banks. Even if they were to resort to wholesale selling of pledged promoters' shares, they would be able to recover just a small portion of the dues. This is a major risk to the banking sector we believe. The chart of the day shows the five most indebted corporate houses in India. As is evident, the total market capitalisation of all the listed entities of each group is significantly lower than their total borrowings. Data source: Business Standard *Aggregate market capitalisation of all listed group companies; **Consolidated borrowings of all group companies for the year ended March 2012

Extravagance Is no Longer a Luxury In Bharat VIJAYA RATHORE NEW DELHI      If you were to name the country’s most fashionable cities, Indore is unlikely to make the list. But luxury handbag brand Judith Leiber, which sells just about 300 of its pricey bags in the whole of India in a year, recently sold 30 pieces priced anywhere from . 25,000 to over . 3 lakh in this central Indian city through a special sale event held in partnership with an existing client. “It was a unique experience for the people of Indore, which worked well for the brand,” says Harshvardhan Bhatia, founder of HI Diamonds, who partnered the trunk show. Buoyed, the American brand will return to the city next month with a similar event with the same partner. Judith Leiber is part of a growing club of luxury goods and service providers that find innovative ways to reach small towns and cities where there is no luxury infrastructure but people have as much money and taste for luxury...

1. Markets tend to return to the mean (average price) over time. Like a rubber band that has been stretched too far – it must be relaxed in order to be stretched again. This is exactly the same for stock prices which are anchored to their moving averages. Trends that get overextended in one direction, or another, always return to their long-term average. Even during a strong uptrend or strong downtrend, prices often move back (revert) to a long-term moving average.During bullish trending markets there are regular reversions to the mean which create buying opportunities. However, what is often not stated is that in order to take advantage of such buying opportunities profits should have been taken out of portfolios as deviations from the mean reached historical extremes. Conversely, in bearish trending markets, such reversions from extreme deviations should be used to sell stocks, raise cash and reduce portfolio risk rather than "panic sell" at market bottoms. 2. E...

VIP Security: Story of Aryan Khan Son of SRK Disclaimer: This is a story. It is based on Facts and there is no Fiction. All characters in the story exist in real life; any coincidence to a living person is Intentional. Fiction if at all exists in the style of Narration. I and Shahrukh Khan (SRK) have lot of things in common!! For one he has a Pretty, caring Gauri.       I have a lovely, caring Preeti. He has a son who goes to school; I too have a son who goes to School. (What a joke, if a man has a wife and school going son does it make him SRK) Well , not really But what if both children go to the same school. The coincidence does not end here, SRK has security, Z security to be precise, with Commandos covering his family round the clock. I also have Security (what if it is provided by TRIG/JLL / any available potbelly) which is so efficient that it is almost invisible. SRK’s son Aryan khan (AK) goes to school in whatever a...

Mohnish Pabrai is used to making investment pilgrimages. The ace investor is a regular at Warren Buffett’s annual Berkshire Hathaway meeting as well as at the Value Investing Congress that is held every year in New York. His cloning strategy , which almost anyone can implement but not many do, has made Pabrai a multi-millionaire many times over. What prompted you to get into investing? You were a techie and then you had your own business before you became an investor. I was an entrepreneur and I really enjoyed running my business. What happens is that as an entrepreneur perhaps 3-5% of your time goes in figuring out your strategy and direction and what you want to do; 90-95% of your time goes in the heavy lifting of your execution, getting after people and motivating them, and getting all your structures in place. I definitely enjoyed the 5% more than the 95% — getting things right in terms of direction is much more interesting. When I first encountered investing and Warren B...