Some stuff I am reading today morning:
Adani Wilmar plans IPO (MC)
Equity MFs see 10,000 Cr inflow in May (BS)
Oil hits two year high (Reuters)
What El Salvador legalising Bitcoin means for India (IE)
Startup: Chalo ( Forbes)
Food Delivery business is the worst business ever (Michael Batnick)
Seismic shift in the markets (The Belle Curve)
Bill & Melinda Gates’ Empire of Dirt (Mother Jones)
The sad end of Jack Ma Inc (Forbes)
Janet Yellen’s at it again (Daily Reckoning)
Q. The StAR MF platform that you have created is big in numbers. But is it big on profits also?
A. If I had headquartered StAR MF as a separate company in Bangalore, it would be worth probably a few tens of millions of dollars because that is where you value things differently. When you come to Mumbai, you value things differently but we are in Mumbai and so we try to be profitable, we do not burn money at all and that is why we do not even spend money on marketing.
Some stuff I am reading today morning:
NCLT approves Anil Agarwal’s takeover of Videocon (BT)
Tata Digital: The Super App play ( CNBC )
How will a demerger unlock value for ITC ? (Morningstar)
Interview with Ashishkumar Chauhan (ET)
Tiger Global’s India kingdom (Forbes)
SaaS Business: The hidden compounders (Value2Wealth)
A guide to moving from cash to investments ( Charlie Bilello)
The Top 9 bad arguments against Bitcoin ( J L Collins)
Getting the Goalpost to stop moving (Morgan Housel)
Ape Armies & Investor Relations (Ranjan Roy)
