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General

On Slack: A Russian Tragedy, Consequences of Being Wrong, Housing Sales 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:

#general: Why Banks Are Urging You To Change Your ATM PIN?

If you bank with one of the large private or foreign banks, chances are that you have been getting messages and emails asking you to change your ATM PIN number. The messages have been persistent and frequent. (Link)

#general: ClearTax to foray into return filing in GST regime, launch app

To help clear confusion over return filing and tax planning under the impending GST regime, online tax filing portal ClearTax will act as an advisor to traders and businesses, assisting them in filing returns. (Link)

#general: Reading this can multiply your money

Whether you know nothing about investing or are a veteran, this tried-and-tested technique is guaranteed to work. Else you get your money back. (Link)

#stocks: Kotak Mahindra Bank set to acquire BSS Microfin

Private sector Kotak Mahindra Bank said it will acquire BSS Microfinance for Rs 139 crore to reach a wider customer base. “The bank has executed a share purchase agreement for acquisition of 99.49% (equivalent to 2,65,91,856 equity shares of Rs 10 each) of the equity shareholding of BSS Microfinance from its existing shareholders,“ Kotak Mahindra Bank said in an exchange. (Link)

#general: Vipul Bansal resigns as CEO of DB Realty

DB Realty has also recently appointed A Anil Kumar, former CFO of Bengaluru-based Puravankara Projects Ltd, as its new chief financial officer. (Link)
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#general: South pips north in car, durables & realty

The millennial generation, inspired by IT, start-up boom and e-commerce growth, is seen as a trigger for the change. (Link)

#general: A Russian Tragedy: How Deutsche Bank’s Wiz Kid Fell to Earth

Mastermind or scapegoat, Tim Wiswell was at the heart of the bank’s $10 billion mirror-trade scandal. (Link)

#general: Onion price collapse make farmers see red

Lasalgaon market prices at Rs 1-1.50 a kg make farmers demand subsidy of Rs 5 a kg, minimum support price and setting up of an onion board. (Link)

#general: Only 5% of transactions happen at ICICI Bank branches while digital accounts for 60%

ICICI Bank, the second largest bank in the country, said that only 5-6% of their transactions happen at branches while over 60% of transactions happen through digital channels. ICICI Bank’s digital channels include net banking, mobile banking, Pockets app. (Link)

#stocks: Endurance Technologies: Not to be cast away

(Link)
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#macronomics: Pimco Trims India Bond Holdings as Economists Split on RBI

Pacific Investment Management Co. and Aberdeen Asset Management Plc are trimming exposure to a rupee bond rally that’s driven yields to seven-year lows, concerned the central bank will be cautious on monetary policy. (Link)

#general: Facebook launches Marketplace, a friendlier Craigslist

(Link)

#general: Wealthy investor accounts swell on market boom

Demat accounts with value of holdings in excess of Rs 10 lakh increase threefold since March 2013. (Link)

#general: Housing sales down 1-2% in Jan-June in seven major cities

Housing sales fell by 1-2 percent in the seven major cities during the first half of this year, while supply increased by 10 percent over the preceding six months, according to property consultant CBRE. (Link)

#general: Investing to Avoid the Consequences of Being Wrong

(Link)

#macronomics: Bonds Fluctuate as India Rate Cut Reduces Scope for More Easing

India’s 10-year bonds swung between gains and losses after a monetary policy panel lowered benchmark interest rates, while saying that risks to inflation are tilted to the upside. (Link)
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