The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there (Premium subscribers only), pop us a note by replying to this email.
A brief summary of some of the interesting things discussed there in the last few days:
#general: Discussion on Income Taxes
Let’s say you buy shares worth Rs 1 lakh and sell it in, say, eight months. You have made 25 per cent returns, though the intention was investment. Does this become business income? It’s a thin line that separates business income from capital gains.
#general: Government admits Monsanto never had patent in India for Bt Cotton
Thirteen years after US multinational Monsanto launched Bt cotton seeds in the country, the Indian government has woken up to the fact that the first version of the genetically modified crop was not patented in India.
Here’s a snippet of what Deepak Shenoy had to say about the Indian Market scenario:
Deepak Shenoy: Buy and hold isn’t to be sneered at, however I believe in more active management.
Deepak Shenoy: I personally think our bull market may have a long way to go, but it has a long way to go down also.
Deepak Shenoy: The last three years have been extremely high on expectation. We have seen no really big dip in the marekt or economy for a long time. We have not seen a drougth for a while. We have no idea how to deal with the lack of inflation now (it’s been quite a long time).
Deepak Shenoy: We can dip substantially, and because of the problems in India (i.e. not attributed to global forces). That is what I think will come next.
#stocks: Prof. Sanjay Bakshi at a Conference
Below is a very informative and interesting video in which Prof. Sanjay Bakshi, renowned value investor, shares his insights.
Promoters of Richa Industries are making a preferential allotment of shares at their existing depressed prices to a select few entities. Minority shareholders are definitely going to be negatively affected by thi
s decision which could see the chosen few end up with nearly 80% stake!
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
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