“We stay away from places that have impossible governments and impossible tax regimes, which means Sayonara to India.”-David Bonderman, founding partner of TPG Capital said at a Milken Institute conference in Los Angeles on a panel of private equity investors
Some interesting morning reading:
Citi warns India of headwinds (FinancialExpress)
A full circle for Kishore Biyani (Mint)
10 Reasons not to subscribe to Samvardha Motherson IPO (FirstChoiceIPO)
Vanishing investors (SuchetaDalal)
Don’t sell in May this year (MarketBeat)
David Einhorn is doing all his management calls publicly now (DealBreaker)
Bollywood gossip of the week (RajeevMasand)
“No asset is safe now. The only choice to hedge risks is to hold hard currency – gold“- says Chinese Central Banker Zhang Jianhua, director of the research bureau affiliated with the People’s Bank of China (PBOC)
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Some suggested Sunday reading:
Why Indian boxers are doing so well (Open)
Jerry Rao on GST and incompetence of the UPA government (Tehelka)
Maruti Ertiga-The definite review (TeamBHP)
We are underestimating the risk of human extinction (Atlantic)
Regrets of the dying (Inspiration&Chai)
Why aren’t returns of value investors any good? (Damodaran)
The missing 13th Floor (DailyReckoning)
Some suggested morning reading:
India to attract capital irrespective of any tax regime (Mint)
S&P gives India a shock (BusinessStandard)
Did SEBI bungle up by banning entry loads? (MoneyLife)
Billionaire Mittal pushes Pakistan Detente (Bloomberg)
Ecommerce in India-Sell now, pay later (Economist)
What do you do when you hit your loss limit (SMBTraining)
Gundlach Quarterly Commentary (Doubleline)