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Linkfest:February 17,2016
Some stuff I am reading today morning:
The success story of Sachin Kharate (Subramoney)
End of wild stock swings on India’s budget (Bloomberg)
UB Holdings declared as wilful defaulter (Money Control)
Supreme Court asks for list of bank defaulters (Mint)
Many large caps ripe for picking (BS)
Tax benefits of preventive health checkups (BasuNivesh)
Sukanya Samriddhi Yojana Vs PPF (FreeFinCal)
The $ rally and the EM rout (TRB)
China says India’s economic data manipulated (WSJ)
The Cost Matters Hypothesis (Morningstar)
India said it may seize Vodafone Group Plc’s assets in the country if the company doesn’t pay a disputedRs.14,200 crore tax bill that’s still undergoing international arbitration proceedings, according to a copy of the notice that was sent to the company this month.
Anil Sant, deputy commissioner of income tax, informed the company’s Vodafone International Holdings BV Dutch unit of its dues in a letter dated 4 February, according to the document, a copy of which was seen by Bloomberg News. Spokesman Ben Padovan at Vodafone and a representative at India’s tax department declined to comment.
Any overdue amounts, even from overseas companies, may be recovered “from any assets of the non-resident which are, or may at any time come, within India,” according to the letter.
Vodafone has been fighting Indian tax authorities for years over its purchase of billionaire Li Ka-shing’s mobile-phone business in the country during 2007 in a case that analysts have said may influence foreign investors’ perceptions about India.
It’s not immediately clear what the government’s next steps would be if Vodafone were to decline the payment request.-from Mint
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Uday Kotak: 2 Quarters More
Q: Do you see earnings growth, does your research team and you share the confidence that FY17 there will be that kind of double digit earnings growth?
Uday Kotak: We believe so. We believe that earnings will pick up particularly in the second half of FY17.
Q: We have been pushing it behind by two quarters for perhaps the last two years. Is this it finally?
Uday Kotak: Depends on the monsoons and that is a very important criteria and also the global situation, as long as the global situation is not hostile and we have a decent monsoon, we have a fair chance of seeing the economy begin to bounce back in the second half of FY17.
-from Money Control
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Linkfest: February 16, 2016
Some stuff I am reading today morning:
Why negative interest rates herald new danger (Telegraph)
Mutual Funds cut exposure to banks,autos (BS)
5 Large Cap stocks looking attractive (ET)
Will Budget session be a washout? (Mint)
Sinha gets 1 year extension as SEBI chief (Firstpost)
India should put fiscal discipline first (Bloomberg)
Selection and Survivor Bias (Prashanth)
Why bear markets are so painful (Common Sense)
Mangalore:Investor’s Paradise (Outlook Money)
The man who felled Facebook (Outlook)