Ray Dalio News
Ray Dalio Says Treasuries Have Been a Lackluster Investment
Billionaire investor Ray Dalio said he doesn’t anticipate the Federal Reserve making “significant cuts in rates,” and that bonds are a risky investment given recent fluctuations in Treasury markets.
1 min read9 Oct 2024Market not in a bubble says Ray Dalio, Magnificent Seven frothy on AI concerns
Billionaire Ray Dalio harked back to his over 50 years of experience in investing and said he used this expertise to identify what makes a bubble and whether the current conditions qualify for market trends and stocks
2 min read1 Mar 2024Ray Dalio on Investing: Diversification is the 'Holy Grail'
Billionaire Ray Dalio, founder of Bridgewater Associates, shared his top investment advice with ChatGPT, emphasising the significance of diversification in wealth-building.
2 min read15 Sep 2023Ray Dalio's game-changing advice: ‘Be radically open-minded’ for success
Billionaire Ray Dalio shared the most valuable 3 minutes of thoughts on being radically open-minded for success.
2 min read14 Sep 2023Ray Dalio highlights the 'biggest mistake' investors regularly make
Billionaire Ray Dalio, founder of the world's largest hedge fund, emphasises the importance of recognising repeating market cycles.
2 min read4 Sep 2023Five investment lessons one can draw from the legendary investor Ray Dalio
Ray Dalio suggests making investment in sectors you are familiar with. Conversely, investing in unfamiliar territories raises the amount of risk significantly. Read further to know more on this
2 min read18 Sep 2022Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
The Gensol-BluSmart saga
On 24 February, Mint first reported, citing people familiar with the developments, that Blu-Smart Mobility, Anmol Jaggi’s privately-owned electric cab-hailing service, had defaulted on Rs 30 crore worth of bonds in early February because of a cash crunch. The company subsequently paid non-convertible debenture (NCD) holders. (Even before this development, another Mint story on 4 February had spotlighted Gensol's shareholding pattern: In September 2022, Hari Shankar Tibrewala had invested in the company, part of whose stake was taken into possession by the Government of India in late 2024.) Just 10 days after we wrote about the news of Blu-Smart facing a cash crunch, things turned worse for Gensol when Care Ratings downgraded the company to default. The rating agency's action marked the start of a downward spiral for the company, which then saw its share prices crash, leading to the invocation of promoter shares and raising questions on corporate governance. Finally, on 15 April, the market regulator, the Securities and Exchange Board of India, in an interim order, minced no words when it barred the Jaggi brothers from being at the helm and ordered Gensol to undertake a forensic audit on money siphoning. Here’s a list of all these stories by Mint to understand how the company, once the poster boy of renewable energy and EV space, unravelled.