Categories
Links

Linkfest:November 17,2016

Some stuff I am reading today morning:

Memo to Modi: Bank Note Reforms are v risky (Bloomberg)

Trump is planning the mother of all tax cuts (Politico)

India’s gold traders on edge (Yahoo)

Interview with Deepak Parekh (MoneyControl)

Runs on real estate companies? (Shubho Roy)

How demonetisation hit Bandhan Bank (Quint)

How to justify cash deposit as legal income (ET)

Fed Watch:Dec hike still a go (Economists View)

Comparison-Mobile Wallets (FreeFinCal)

Chinese investors smell profit in garlic (Nikkei)

Categories
Infographics

Infographic: India Black Money Explained

Source:IndiaMaps

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Categories
Excerpts

What’s a 1000 Crore between friends?

The impairments and write downs at Tata Sons were due to legacy issues, largely relating to TTSL.

There were also other investments of questionable nature such as Nagarjuna refineries (Rs. 400 Cr.) and SASOL JV.

One investment in Piaggio Aero, a company in the aerospace sector with a friend of Mr. Tata, was especially distressing. Tata Sons decided to exit the company at a commercial loss of Rs 1,150 Cr. This was after the efforts of Mr. Bharat Vasani and Mr. Farokh Subedar who managed to recover Rs. 1,500 Cr., overcoming the objections of Mr. Ratan Tata who in contrast favoured increasing investments in that company.

Today, the company is, for all practical purposes, nearly bankrupt. 

–from ET

Categories
Video

Is Modi watching Aastha Channel?

This was aired a couple of years back.

Categories
Links

Linkfest: November 16,2016

Some stuff I am reading today morning:

Italy polls gets worse as referendum nears (Reuters)

ATM chaos,demonetisation woes (FirstPost)

Drop in Dabba market trades add to liquidity crisis (Money Control)

Cyrus Mistry: Ratan Tata paid Nira Radia 40 Cr/year ! (ET)

Why DVRs have failed in India (BL)

Demonetisation and the Equity Markets (Subramoney)

Tax & Penalty on Cash Deposits (Be Money Aware)

Long-Short investing may shorten your investment life-span (AA)

Warren Buffett is now bullish on airlines (Climateer)

Lawsuits against Welspun,Walmart roil cotton industry (Mint)