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Day: August 5, 2015
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Raamdeo Agarwal:The Art of Creating Wealth
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God opens a demat account
Balaji, the world’s richest god at Tirupati, has now opened a demat account to enable devotees to donate shares and securities, after finding it a tedious task to get physical share certificates dropped in Hundi transferred on his name.
Considered the first globally for a shrine management, Tirumala Tirupati Devasthanams (TTD) has opened demat account (1601010000384828) with the Stock Holding Corporation of India.
PS Reddy, MD and CEO of Central Depositories Service (CDSL), told ET that the innovative move by TTD was primarily aimed at addressing the hassles pertaining to transferring the physical share certificates. “TTD has been receiving physical share certificates as donations by devotees in its open Hundi, which indicates that devotees are interested in donating shares. –from ET
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Linkfest:August 05,2015
Some stuff I am reading today morning:
3 Reasons why RBI did not cut rates (ET)
How Modi showed India Inc. its place (Bloomberg)
Depressing earnings of Nifty companies (Capital Mind)
What I learnt from Geico (Sanjay Bakshi)
Notes from the Bajaj Auto AGM (Ankur Jain)
The lessons of Lanco Infratech (Mint)
Confusing what just happened with what happens next (Barry)
Why financial markets have become a world of illusion (Chaitanya Dalmia)
Why the government hates gold (Bill Bonner)
The story that dividends tell (VRO)