Categories
Links

Linkfest: May 05, 2017

Some stuff I am reading today morning:

CBI arrests REI Agro Chairman,Promoter (Money Control)

Patanjali eyes 20,000 Crore sales in FY2018 (Mint)

Kotak: Betting on GST plays (ET)

Fairfax Holdings: An unique way to invest in India (Brooklyn Investor)

The waiter who turned financial adviser (Morningstar)

Commodity cycle rolling over (Ritesh Jain)

The impact of seasonality on stock prices (Rajat Sharma)

Investors believe the darndest things (Jason)

My secret to happy early retirement (RetireBy40)

Friends don’t let friends invest in startups (Dealbreaker)

Categories
Plug

Shout Out: Indian Investing Conclave

A big shout out for the Indian Investing Conclave

Indian Investing Conclave is India’s first fully online investment conference.

Watch some of the best investors in India share their best picks sitting in the comfort of your home.

Check it out !

Categories
Tweets

Intense Hua

Categories
Observations

Steel, Sikka Aur Gana

Hat Tip- Sagar Karkhanis

From National Steel Policy, 2012

Major Objective of the Steel Policy, 2012:

To attract investments in Indian steel sector from both domestic and foreign sources and facilitate speedy implementation of investment intentions on board so far so as to reach crude steel capacity level of 300 million tonnes by 2025‐26 to meet the domestic demand fully.

A full 5 years later.

From National Steel Policy, 2017

Objective of the Steel Policy, 2017:

Build a globally competitive industry with a crude steel capacity of 300 MT by 2030-31

So the objectives are the same, the dates keep changing.

The Ministry of Steel seems to be learning from Vishal Sikka, the CEO of Infosys on being asked whether Infosys will meet the stated target of $ 20 Billion by 2020 replied:

It’s an aspiration. We established something to galvanise people’s attention around. This is not a target or a goal. We are barely $10.2 billion now.

The song these fine folks seem to be inspired by is:

“Hum Honge Kamyaab,

Hum Honge Kamyaab,

Man mein hai vishwas,

Poora hai vishwas,

Hum Honge Kamyaab,

Ek Din”

Just don’t ask when that day will come.

Categories
Links

Linkfest: May 04,2017

Some stuff I am reading today morning:

What IRB’s InvIT IPO offers investors (Quint)

IPO Analysis: HUDCO (SP Tulsian)

Cabinet clears ordinance to tackle NPAs (Mint)

Essar MD, Mumbai IT Commissioner arrested (MC)

Two sectors that will make money (Motilal Oswal)

Why are so many houses vacant in India? (Ajay Shah)

India’s Silicon Valley is dying of thirst (Wired)

Mercedes-Benz in India (Forbes)

Startup Story: Fingerlix (OB)

The great Vanilla shortage of 2017 (Climateer)