Categories
Links

Weekend Mega Linkfest : September 30,2016

Some off beat reads for the weekend:

5 Stages of grief for Indian “liberals” (Great Bong)

The untold story of Dhoni’s business ventures (YS)

The Bangladeshi traffic jam that never ends (NYTimes)

Pakistan’s national baseball team arrives in Brooklyn (New Yorker)

Why decrease in crime statistics is bad news (Wire)

Mahatma Gandhi’s war on Indian Revolutionaries (DailyO)

The untold stories about Japanese war brides (WP)

Where Germans make peace with their dead (New Yorker)

The unbearable smallness of Benjamin Netanyahu (Atlantic)

Travelogue: Canyons and Deserts of USA (TeamBHP)

Gossip: Siddhu wants to go back to BJP (Gossip Guru)

Paki Comedian on why India-Pak should not go to war (BI)

Photos: Hrithik Roshan’s car collection (GQ)

Maharaja Ranjit Singh gets honored in French town (Outlook)

Why anything worth doing takes years (Jon)

Categories
Observations

Pathetic PMS of Prabhudas Lilladher

Source: Prashanth

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Categories
Observations

Market Lessons from Kargil

Hat Tip: Kora Reddy

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Categories
Links

Linkfest: September 30,2016

Some stuff I am reading today morning:

ICICI Pru Life tumbles on debut (Mint)

India seeks to curb tensions (Bloomberg)

Research: How do stock prices react to earnings announcements? (AA)

How to pocket $203,596 in 60 seconds (DR)

Following Gurus is not a strategy (PP)

How Goldman Sachs lost $1.2 Billion of Libya’s money (Bloomberg)

Life & Death of star money manager Sanjay Valvani (BI)

7 Ways to achieve financial independence (RetireBy40)

The massacre of the hedge fund business (CNBC)

We may have found perfect alpha (Longboard)

Categories
Excerpts

SEBI goes on alert mode

The Securities Exchange Board of India (Sebi) went on an alert on Thursday after a major crash in domestic stocks and the currency amid rising hostilities across the border.

The market regulator has sought a report from domestic stock exchanges on their preparedness to deal with any eventuality in the wake of a sharp plunge in the benchmark equity indices following Indian Army’s surgical strikes on terror bases in Pakistan-occupied Kashmir (POK).

The benchmark Sensex lost 465 points while the Nifty50 crashed 154 points in knee-jerk response to the signs of rising hostilities between the two neighbours.

The rupee weakened to a one-week low of 66.91, marking the worst fall for the domestic currency since the Brexit vote in June. The domestic currency, though, recovered a bit to settle at 66.85, down 39 paise over previous day closing of 66.46.

According to reports, the market regulator has asked the stock exchanges to draft contingency plans and submit detailed reports to it by this evening.

The India VIX shot up by 33 percentage points to 18.45, which was the biggest rise in seven years.

The 10-year bond yield jumped to a one-year high. Fresh reports suggested that villages in Punjab, 10 km from international border with Pakistan, are being evacuated.

DGMO Lt Gen Ranbir Singh on Thursday said India carried out surgical strikes in Pakistan-occupied Kashmir, inflicting heavy casualties on terrorists and those protecting them.

Following the press briefing by DGMO, the domestic equity indices plunged up to 4 per cent amid concerns that foreign investors, who have pumped in about Rs 50,000 crore into domestic stocks so far this year, may run for the exit door should the tensions rise further.

from ET