The mainstream media in India, particularly Mumbai is so obsessed with celebrities that it is disgusting. There are so many more interesting things, but the media owners cannot think of spending time and money researching it (though they have plenty of resources). Some times I really wonder why our media is so shallow.
RIL to shut down 900 petrol pumps
Big companies also make mistakes, and often the mistakes are far more expensive. The news coverage in the media , especially about the internet in India is only about big companies . Many big companies are good in their field of specialisation, but when they diversify, they often fail.
It only happens in India - newspapers start PR agencies
A few years ago, I spent a lot of time analysing the accuracy of news stories and was surprised how easily it was manipulated. At times I wonder why they cannot be neutral.
Stock market crashes - seems the stock market bubble is bursting, most of it was media hype anyway. If your turnover or profits are not increasing, how can your company be so valuable?
I had seen first hand how big Indian companies are run, so I knew this was going to happen. I had invested some amount in mutual funds in 2001 when I had just left my job and had some money from leave encashment. The Sensex was below 3000 then. After that I have always invested in my own business, you have better control over the returns unlike publicly traded companies , where you may end up sponsoring exotic foreign junkets and a lot of other “official expenses”.