Something fishy about the company withdrawing its rights issue when the stock is hitting upper circuit at Rs.88.30 per share
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Linkfest: March 14, 2018
Some stuff I am reading today morning:
RBI scraps Letter of Undertaking,Letter of Comfort (ET)
Raghuram Rajan breaks his silence (MC)
HDFC AMC IPO on its way (BL)
ICICI Securities lowers its IPO valuation (Quint)
Trump considering all out trade war with China (CNBC)
Using Benford’s Law to detect frauds (Safal Niveshak)
When bear markets end (Barry)
Interview with Taleb (New Statesman)
The tyranny of convenience (NYTimes)
Newton’s Laws as applied to Money (Real Finance)
Source: WhatsApp Forward
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Chart: The race to a Trillion
Source: Michael Batnick
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Bharat Dynamics Vs Marico
Amusing to see that India’s premier missile manufacturer spends as much on research as our hair oil company.
R & D Expenses in Rs. Crores
| Year | Marico | Bharat Dynamics |
| 2015 | 19.74 | 22.72 |
| 2016 | 27.48 | 29.43 |
| 2017 | 32.55 | 34.71 |