Extended the timing of the Equity Markets till 5:00 pm
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Linkfest: July 04, 2017
Some stuff I am reading today morning:
Interview with Rakesh Jhunjhunwala (ET)
Mutual Funds aim at 5 fold increase in assets by 2025 (BS)
The changing face of life insurance in India (Mint)
GST is not the last of Modi’s reforms (Bloomberg)
Stock Talk: Aditya Birla Financial Services Ltd (Amit Jeswani)
Difficulty of doing business (Subramoney)
Value Investor Interview: Brent Beshore (Safal Niveshak)
The most important item while analyzing a Balance Sheet (Katusa)
Two Confusions (Seth Godin)
Is 44$ oil a bargain if Saudi-Iran war is inevitable? (DR)
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Portfolio of Ajay Upadhyay
This post is in continuation of my coat tailing series (see here)
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Ajay Upadhyay is a well known investor in the Indian equity markets.
His significant portfolio holdings as on 31 March,2017 as per stock exchanges is as given below:
| Company Name | NSE Symbol/BSE Code | Entity | % | Value (In Crores) |
|
Asian Oilfield Services Ltd.
|
530355 | Ajay Upadhyaya | 1.15 | 5.73 |
| Genus Power Infrastructures Limited | GENUSPOWER | AJAY UPADHYAYA | 1.05 | 13.01 |
| Navin Fluorine International Limited | NAVINFLUOR | AJAY SHIVNARAIN UPADHYAYA | 2.03 | 59.9 |
| Sathavahana Ispat Limited | SATHAISPAT | Ajay Upadhyaya | 2.16 | 4.78 |
| Visaka Industries Ltd | VISAKAIND | AJAY UPADHYAYA | 2.24 | 17.85 |
Nani Palkhivala was one of India’s greatest sons-a top class lawyer, speaker, writer and a foremost authority on taxation.
One of his biggest peeves was Octroi in Mumbai. In his own words: “It is the only impost which taxes the people to a tolerable extent in terms of money and to an intolerable extent in terms of time and energy.”
He gave many lectures against it and tried hard to get it scrapped….but in vain.
The BMC-Politician corruption nexus was too strong for him to break.
On 01 July, 2017…his dream finally came true.
With the rollout of GST, octroi in Mumbai (and elsewhere) was finally abolished.
He would be smiling from the heavens.