Stock markets to be under pressure for a few quarters, but buy now for decent gains in the long run
But nothing sticks in public memory more than his most recent avatar - Ajay Piramal, the investor. The contrarian, who is placing big bets on businesses ranging from financial services to healthcare on one hand, and drug discovery and realty on the other.
Mutual funds and private insurers are gradually emerging as big players in corporate bonds. But it is not without credit risk.
It's ancient, pesky, and persistent. Its hum can spell impending doom. But the ubiquitous mosquito also drills a hole in your pocket triggering demand for hospitals, clinics, diagnostic kits, even some FMCG products. Not to forget the money going into R&D for medicines.