Source: BLS International 2016-17 Annual Report
Interesting that most of their operations happen in tax haven Dubai and hardly any tax is paid in India.
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Shame, Shame Schneider
Blatant example of foreign MNC screwing Indian shareholders
Schneider Electric grp companies witness a rocky AGM where minority shareholders question the mgmt on alleged governance lapses @rukminirao pic.twitter.com/aSCtVRyjwi
— CNBC-TV18 News (@CNBCTV18News) September 19, 2017
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Linkfest: September 20, 2017
Some stuff I am reading today morning:
SBI Life Insurance IPO opens today (MC)
IPO Review: SBI Life (SP Tulsian)
TRAI screws old telecom firms (Mint)
Economic slowdown likely to worsen (BS)
India in urgent need of fiscal push (Quint)
Shareholders want Schneider relisted (BL)
Indian markets are heavily correlated with the EM Index (Amit)
Annual Report Review: Infoedge (Safal Niveshak)
How Toys ‘R’Us collapsed (Bloomberg)
Equity Investing as a Full time career? (Value Pickr)
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What the valuations are telling you
Image Source: Stephen Burns
Hat Tip: Vinayak Kamath
Not only can’t they get the CMP right but also show a Buy Target for a -42% upside !
