The pecking order theory
Fahid Fayaz Darangay We need to look at the capital structure decision from a different point of view…the pecking order theory of Myers and Majluf (1984) and Myers (1984). Myers and Majluf analyzed a firm with assets-in-place and a growth opportunity requiring additional financing. They assumed perfect financial markets, except that investors do not know […]
A token of love
N J Ravi Chander For someone who has clocked four decades as a banker, there is no dearth of on-the-job anecdotes. The below tale is one of those astonishing ones. In 1978 Peravurani branch in Thanjavur District, under Chennai Circle, came out in flying colours in the deposit mobilisation campaign run by the bank. Bagging […]
Taxes and the Tradeoff Theory
Fahid Fayaz Darangay
The tradeoff theory justifies moderate debt ratios. It says that the firm will borrow up to the point where the marginal value of tax shields on additional debt is just offset by the increase in the present value of possible costs of financial distress. Financial distress refers to the costs of bankruptcy or reorganization, and […]
Funny side is the Sunny side
Desh Bir Four months from November to February witness plenty of elderly Kashmiri shawl hawkers descending upon the streets of Punjab. Their usual trade call is “Have woolen shawls, have Kashmiri Shawls” They know their customized clients/ customers are in every household and like skilled salesmen the lady of each house is their ‘Bhain ji […]
Empower differently-abled
It is welcome to note that the Punjab Government has approved a new scheme — ‘Punjab Divyangjan Sashaktikaran Yojana’ (PDSY) to empower differently-abled persons in a phased manner across the state. The first stage of the scheme will involve strengthening the existing programs to ensure that their benefits reach the persons with disabilities in a […]
Rise of Dream 11: A startup
Fahid Fayaz Darangay Dream11 is a fantasy sports platform based in India. It allows its users to play fantasy cricket, football, hockey, kabaddi, volleyball, handball, baseball, and basketball. Dream11 is a Mumbai based firm that started in 2008. It has 8 crore registered users till date. In April 2019, Dream11 became the first Indian gaming […]
Much cherished success
N J Ravi Chander From a tender age, hockey fascinated my maternal uncle, M D Umapathi. He trotted off to the Bengaluru East Ground in the evenings, watch the barefooted players in action, and learn the nuances of the game. Watching the young lad turn up at the maidan each day, one of the observant […]
The Interlude
K S S Pillai Thanks to a virus born in a faraway place, I have missed my usual visit to Kerala during the summer as well as the Diwali vacations. The rail and air traffic remain disrupted; the quarantine rules are different in different states. I may, if and when I reach my destination, find […]
Early spinal tumor is curable
Dr. Aditya Gupta Young Meerut professional successfully celebrated Diwali with his family after undergoing a complex surgery in his spinal cord, which otherwise could have been life threatening. After experiencing episodes of numbness and weakness in both his arms and legs, 34 year old patient Aditya Bansal had made several local consultations, where MRI of […]
The lost literary taste
Abid Hussain Rather When we start searching for quotations and write-ups regarding the necessity and importance of studying books, we find thousands of quotations and articles penned down by various intellectuals and philosophers in the course of history. Speeches are given in various conferences and seminars organized at different occasions regarding the imperativeness of erudition […]