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Some stuff I am reading today morning :
Modi Govt’s mega push for Disinvestment ( Mint )
How Privatization creates wealth ( The Print)
Modi Govt’s first Labor reform ( PIB )
How SC’s iron hand will affect the Fortis-IHH deal ( Hindu )
Lulu Group Vs AP Govt ( IE )
Relief package for telcos ( FE )
The sun stops shining for India property mogul ( Andy Mukherjee )
Alpha Ideas SME Stars – KPI Global Infra ( You Tube )
Alpha Ideas SME Stars – Parin Furniture ( You Tube)
Alpha Ideas SME Stars – Sintercom India ( You Tube)
Today, SEBI increased the minimum client investment in PMS to 50 Lakhs ( from 25 Lakhs currently) as well as increased the networth requirement of portfolio manager to 5 Cr ( from 2 Cr currently)
This makes it difficult for new comers in the business and increases the advantages of existing and more established players.
It’s interesting to see that the Committee that suggested these proposals are all established entities.