Some stuff I am reading today morning:
RBI paints a ‘Goldilocks’ economy (ET)
Nobody will talk of rate hikes now (Tamal)
Nifty jumps most in 2 years (BS)
Trump calls for additional $100 Billion in tariffs (Zero Hedge)
Indigo opts out of race to acquire Air India (MC)
Rajiv Kochhar detained at Mumbai airport (Quint)
A new Finance Minister? (Reuters)
Why closed-end funds are not a sweet deal (Morningstar)
On Alternative Assets (TRB)
30 small profitable business ideas (MII)
Source: DRHP filings of Narmada Agrobase
Amusing to see that the amount being raised in the IPO (7.48 Crores) more or less matches exactly with the debt on the books. (7.47 Crores)
Source: ET
Some stuff I am reading today morning:
Direct Tax Collections break records (BS)
Jio Payments Bank is now live (Quint)
Modi’s creative destruction (Mint)
I-T Department issues notice to Deepak Kochhar (ET)
89% of PSU Bad Loans are not recovered (Vivek Kaul)
Fortis-Manipal deal may run aground (MC)
Top Sectors by Market Cap (Calm Investor)
Trump’s war with Amazon gets personal (Vanity Fair)
Why do successful people fear being broke? (Rad)
49 Lessons from 49 Years (Get Rich Slowly)