Author: Raoji

Tweets

Honesty Check

Links

Some stuff I am reading today morning:

PM Modi’s address to the nation (IE)

Sensex, Nifty at highest ever closing levels (FE)

Paytm from Idea to IPO (Marc Rubinstein)

Tata Digital to invest $75 Million in Cure Fit (Entrackr)

SEBI order against Franklin Templeton (SEBI)

SEBI order against officers of Franklin Templeton (SEBI)

Startup: Moglix ( Forbes)

Learning from Polen Capital (Masters Invest)

Bill Gurley on IPOs (Above the Crowd)

The Cooperation Economy (Not Boring)

Hotels

A few days back, Asian Hotels (West) reported a default to the Stock Exchanges.

Today, a Forward is doing the rounds on WhatsApp

Hotels Reopening Trade, anyone?

Today, Piramal Enterprises made an important announcement to the Exchanges.

This announcement actually means that DHFL shares will now be worth zero.

However Dalal Street’s Finest decided to welcome this announcement with an Upper Circuit of DHFL shares.

While Caveat Emptor etc is fine, the mind boggles at the reckless speculation.

Maybe SEBI/Stock Exchanges should step in and delist stocks involved in NCLT resolutions.

Links

Some stuff I am reading today morning:

India likely to benefit from global tax pact (BS)

India’s forex reserves surge to record highs ( Rediff)

New tax e-filing portal from today ( CNBC)

CRISPR 101 (Nat Harooni)

The beauty of Stock Markets (Masters Invest)

Speculation: A game you can’t win ( Lawrence Yeo)

Illusions of safety (Humble $)

Spot the logical fallacy (Barry Ritholtz)

What you need to know before you invest in anything ( Thomas Kopleman)

A death in Crypto Land (CBC)