Today, Piramal Enterprises made an important announcement to the Exchanges.
This announcement actually means that DHFL shares will now be worth zero.
However Dalal Street’s Finest decided to welcome this announcement with an Upper Circuit of DHFL shares.
While Caveat Emptor etc is fine, the mind boggles at the reckless speculation.
Maybe SEBI/Stock Exchanges should step in and delist stocks involved in NCLT resolutions.
Some stuff I am reading today morning:
India likely to benefit from global tax pact (BS)
India’s forex reserves surge to record highs ( Rediff)
New tax e-filing portal from today ( CNBC)
CRISPR 101 (Nat Harooni)
The beauty of Stock Markets (Masters Invest)
Speculation: A game you can’t win ( Lawrence Yeo)
Illusions of safety (Humble $)
Spot the logical fallacy (Barry Ritholtz)
What you need to know before you invest in anything ( Thomas Kopleman)
A death in Crypto Land (CBC)
Here are the most clicked items on Alpha Ideas this week:
Tanla: Promoter Promoting (AI)
Lockdown blues (AI)
How RBI is causing the bubble in Equity Markets (Prof Ananth Narayan)
Mega Trend: Passive Investing in India (AI)
Transforming Tata (Not Boring)
Eight Business Models (AI)
Sensex is #1 (AI)
The 3 stages of Crypto (AI)
How an amateur sleuth from West Bengal broke the Wuhan Lab story (Newsweek)
On Marcellus Coffee Can Portfolio (Tijori)
Some off beat reads for the weekend:
How an Amateur sleuth from West Bengal broke the Wuhan Lab story (Newsweek)
State Vs Social Media (Abhijit Iyer Mitra)
Modi’s year of reckoning (Minhaz Merchant)
Naftali Bennett: Israel’s PM-in-waiting (Guardian)
How America is becoming Nazi Germany (Indi Samarajiva)
America has a drinking problem (Atlantic)
Rise of the killer robot drone (RT)
Robo-chef, meet Dosa (ROW)
The Chitale Brothers: A savoury story (Mint)
Travelogue: Megalaya (TeamBHP)
The bloody invasion of Sindh (Savitri Mumukshu)
Ahilyabai Holkar: The greatest Queen of India (Bharadwaj)
Malliga Homes (Sindya Bhanoo)
The richest black girl in America (Truly Adventurous)
Why every single statue should come down (Guardian)
Source: Lenny Rachitsky
