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General

On Slack: 17 Trade Methods, Apple Revenue, Candid Jhunjhunwala, Corporation Tax, Ease of Doing Business Index, One India Concept, U.S. Economic Growth, #TataMistryChemistry and much more….

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The Slack Discussions

Slack Logo2The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there (Premium subscribers only), pop us a note or login here using your premium credentials.

A brief summary of some of the interesting things discussed there in the last few days:

#macronomics: India ranks 130th in ease of doing business index

India continues to rank low at 130th position in terms of ease of doing business, with the country seeing little or no improvement in dealing with construction permits, getting credit and other parameters. (Link)

#macronomics: One India concept push for ease of business

The Centre, in collaboration with State governments, plans to introduce a ‘One India’ concept, the biggest and the most comprehensive ‘ease of doing business’ initiative so far. (Link)

#general: FinMin looking at 1-2% cut in corporation tax in FY18 Budget

Revenue dept to start pre-Budget consultations from next week. The finance ministry is examining the possibility of cutting the corporation tax rate by one to two percentage points, even as the revenue department is set to kickstart Budget consultations with industry and consultants from the first week of November. (Link)

#general: Apple just had its first annual revenue decline since 2001

Apple’s revenue is headed in the wrong direction. (Link)

#general: Infosys leases 2.10 lakh sq ft office space in Bengaluru

In a recent transaction, Infosys Technologies has picked up over 2,10,000 sq ft office space on lease in Bhartiya City at Thanisandra Road in Bengaluru, said two persons having direct knowledge of the deal. (Link)

#stocks: Sun Pharma buys eye care specialist Ocular Tech for $40 million

Sun Pharma will also pay more contingent on meeting drug development and sales milestones. (Link)

#general: Now, you can zip down DND without bothering to pay toll

DND Flyway, the 9.2km-long access-controlled 8-lane road connecting South Delhi to Noida and East Delhi, is now toll-free. On Wednesday, the Allahabad high court passed an order restraining Noida Toll Bridge Company Ltd (NTBCL) from collecting toll with immediate effect. (Link)

#general: Temporary employee to be paid at par with regular worker: SC

In a big relief to lakhs temporary employee who have been hired by government departments and agencies across the country on contractual basis, the Supreme Court on Wednesday held that they are entitled to wages at par with permanent employees and principle of ‘equal pay for equal work’ must be followed. (Link)

#general: Jhunjhunwala’s candid interview with Katrina Kaif

(Link)
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#TataMistryChemistry

Over Rs 37,000 cr LIC assets at stake as titans clash in Tata. State-owned insurer has more than 1% stake in 11 group firms (Link)
From 2G Scam to Mistry’s Ouster: Don’t good governance rules apply to the revered Tata Group? (Link)
Cyrus strikes back, says Tatas staring at Rs 1.18 tln write-off (Link)
Tata Group meltdown: Conglomerate loses Rs. 55,000 crore in market cap in 3 days (Link)
‘Shocked’ Cyrus Mistry says removal unparalleled, terms board proceedings as invalid, illegal (Link)
Full Text Of Cyrus Mistry’s Letter To Tata Group (Link)
Tata Sons hits back!!!!! @TataCompanies (Link)

#trading-room: Seventeen Trade Methods That I Don’t Really Understand

(Link)

#macronomics: October Surprise? U.S. Economic Growth May Accelerate Just Before Election Day

Some forecasters see U.S. GDP growth on track for a 3% pace in the third quarter, to be announced in a late-October report. (Link)