Some stuff I am reading today morning:
Demonetisation a double whammy for MFIs (Yahoo)
The Un-Real Estate badly hit (IE)
Demonetisation effect on Sales of New/Used Cars (TeamBHP)
Interview with CLSA’s Christopher Wood (Mint)
Relevance of Regulatory Risk (Bala)
Outperforming by Underperforming (ThinkNewFound)
A tale of two investors (Bps)
Distraction and Mission (A VC)
The bright side of rising interest rates (CS)
Fooled by Randomness (Barry)
Source:Got this as a WhatsApp Forward
Answer: Make him a Director on a Tata Company Board !
Bhaskar Bhat,MD of Titan, is hugely respected in the industry for his professionalism and integrity.
He also serves on the Board of Tata Chemicals where the following incident took place:
Tata Chemicals Board Meeting appears to have been a dramatic affair. A handwritten note was circulated by Bhaskar Bhat, a director on the board of Tata Chem, asking Mistry not to chair the board meeting.
Bhat instead asked Wadia to chair it. “Bhat was asked by the board to move a formal resolution for removal of Mistry since he was appointed by the board. Bhat refused. He insisted his note be taken on record. But he refused to sign the handwritten note,” said a person close to an independent director.
“The directors told him, ‘This is an unsigned piece of paper dictated to you. You (Bhat) are just the stenographer. If you feel so strongly about what you have submitted, then move a resolution’,” said the person quoted earlier.-from ET
Wishing readers on the occasion of Gurpurab
Some stuff I am reading today morning:
Penny stocks may come under long term cap gains (Mint)
Modi: Benami properties,gold next (BS)
Dear PM, the buck stops with you (Tamal)
Full Text of Cyrus Mistry’s latest statement (Quint)
A Ctrl+Alt+Del moment for the markets (Aarati Krishnan)
Emerging markets are down but not out (Bloomberg)
10 Things to know about UDAN aviation scheme (MyInvestmentIdeas)
Social Media Confundere (Prashanth)
You are not Stanley Druckenmiller (CS)
The psychological keys to investing success (Forbes)
Here are the most clicked on items this week on Alpha Ideas :
RBI dismisses rumors of chip enabled 2000 Rs Notes (AI)
ICICI Research: Two Micro Caps (RJ)
That sound was Modi killing Black Money (AI)
Modi may reap $45 Billion budget gain (Bloomberg)
Portfolio of Motilal Gopilal Oswal (AI)
Is 2016 like 1978? (AI)
Stock Talk:Walchand PeopleFirst (IdeasWithConviction)
Why Mumaikars bought gold all night (Teekhapan)
John Kapoor-The Indian Billionaire nobody has heard about (Forbes)
How PM Modi kept his black money masterstroke a secret (ET)