Some stuff I am reading today morning:
Modi’s biggest win-Rajya Sabha passes GST (Bloomberg)
Markets may have already priced in GST (BL)
Even your ‘newpaperwala’ thinks markets are overvalued (SS)
Top 10 stocks that will gain from GST (Mint)
GST impact across sectors (ET)
ED summons top brokers in NSEL case (BS)
Samir Arora:The “next HDFC Bank” (RJ)
The Paradox of quant investing (TRB)
An investment secret (Katusa)
Some new old lessons in real estate (Vivek Kaul)
Maintaining relationships has been a hallmark at Pidilite, be it within or outside the organisation. It has established the Fevicol Champions Club in 2002, which works towards encouraging high ethical standards and building the carpenter community through various social and professional activities. The club has 96,000 members across 600 cities. So, Pidilite has a database of most of the carpenters in India.
Bharat Puri,MD Pidilite, himself was pleasantly surprised to see how this data can help. Puri’s parents (his father is a retired colonel in the Indian Army) stay in Chandigarh. One day, his mother called to know how she can fix an almirah which was infested with termites. There was only one carpenter she knew who could fix it, but did not know how to contact him. She only knew his name was Raju.
Puri’s sales head overheard the conversation. By evening, his team had nailed Raju from their database of carpenters in Chandigarh. Raju fixed the almirah that evening- from Forbes
(Disclosure:I am market making in the shares of Tata Technologies)
Over the next four years, Tata Technologies plans to acquire a number of secondary and tertiary defense suppliers as part of a corporate plan to grow revenues from $500 million today to around $1 billion by 2020.
In a wide-ranging interview at the Farnborough Air Show last month, Tata Technologies CEO Warren Harris made it clear that his company is actively seeking companies it can buy up in order to grow its global footprint, specifically among those secondary and tertiary firms that make up the US defense supply chain.
Relationships between US defense primes and their suppliers “require a lot of trust,” Harris told Defense News July 14. “It’s very difficult to fast-track your way into a relationship that is predicated on a lot of trust. So we’re trying to buy into marquee relationships through targeted acquisitions.”-from Defense News
(Source:Got this as a WhatsApp Forward)
