- Wealth PMS
The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there, 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:
Flipkart has revised its return policy, narrowing the window when a customer can send back a product bought on its website to 10 days from the previous 30 on most top-selling products. The leader of India’s ecommerce space also told sellers on the platform that they will have to pay higher commissions from June 20. (Link)
The Reserve Bank of India on Wednesday said sovereign gold bonds can be traded on stock exchanges from Monday.
The Sovereign Gold Bond Scheme was announced by the government on October 30 in 2015.(Link)
Just like the Kobayashi Maru in Star Trek, the Fed is tested by a difficult conundrum, RBC says(Link)
Billionaire investor sees opportunities to profit from various economic and political issues afflicting the world. After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles. (Link)
The US, too, has gaps in GDP accounting, except that it uses the expression “statistical discrepancy”. (Link)
Eros International Media shares jumped nearly 8 per cent on Thursday after the company said that Eros Now, its digital over-the-top distribution service, has inked a deal with Apple TV for showcasing its content.
Through this deal, Eros Now will be able to showcase its repository of Bollywood and regional language films and music videos, across 80 countries, where Apple TV has its presence.(Link)
Cab-hailing firm Uber has applied for a licence to operate in Karnataka under the new rules governing app-based taxi aggregators, but the company hit a roadblock after the state transport authorities refused to accept the application.
The San Francisco-based cab aggregator on Tuesday approached Karnataka transport authorities to seek a licence and submit documents related to inspection of its fleet. However, when Uber executives visited the Regional Transport Office (RTO) at Bengaluru Central on Tuesday, the application documents were not accepted, according to a person familiar with the development. (Link) (Link)
Air India’s “books are so bad” that nobody will buy it even if the government wanted to sell off the national carrier, civil aviation minister Ashok Gajapathi Raju said on Tuesday. (Link)
With its first store in India set to open next year, Swedish furniture retailer IKEA expects production units to be set up for its products in India in order to fully tap the potential of “big middle class” consumers in the market. (Link)
Around 40% of workforce will be redundant in the next three years (Link)
Subramanian Swamy, who had last month written twice to Prime Minister Narendra Modi seeking ouster of Rajan for keeping interest rate high, took to twitter to criticise the Governor.(Link)
SocGen’s Edwards to clients: best investment strategy is “to roll up into a ball.”
In Der Spiegel interview German finance minister rules out Britain’s chances of enjoying bloc benefits from outside EU. (Link)
When Long-Term Thinking is a Terrible Idea – Link
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.