- Wealth PMS (50L+)
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 or login here using your premium credentials.
A brief summary of some of the interesting things discussed there in the last few days:
Anil Ambani says RCom will share spectrum, networks and towers with Mukesh Ambani ’s new mobile operator Reliance Jio Infocomm. (Link)
Switzerland, Singapore and US continue to occupy top three slots; China 28th (Link)
OPEC agreed to the outline of a deal that will cut production for the first time in eight years, surprising traders who had expected a continuation of the pump-at-will policy the group adopted in 2014 at the instigation of Saudi Arabia. (Link)
Sebi’s move aims to enhance liquidity and broad base participation in the commodity market. (Link) (Link)
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. (Link)
The global hunt for yield has made India popular with investors this year. The Nifty Index has gained 10% in 2016. Bloomberg’s Harsha Subramaniam spoke to National Stock Exchange of India CEO Chitra Ramkrishna and started by asking her how exchanges are dealing with new technologies. (Link)
Enthused over upbeat investor sentiment, as many as 12 small and medium enterprises (SMEs) will hit the capital markets on Friday to raise an estimated Rs 70 through initial public offers. (Link)
Textiles Ministry has sought the Cabinet approval for its proposal to make it mandatory to package 90% of foodgrains and 20% of sugar in jute bags. (Link)
L&T’s executive directors have generously issued themselves stock options of subsidiary companies at face value, before these companies’ went public, says proxy and governance advisory firm IiAS. And it’s the manner and timing of these issuances that have led IiAS to question the management’s governance practices, and the checks and balances the company has in place. (Link)
India’s plan to raise a record 5.6 trillion rupees ($84 billion) via an auction of mobile-phone airwaves will face headwinds as a price war for subscribers saps the finances of the carriers preparing to bid. (Link)
Gains may moderate in the backdrop of three previous years of high returns, say fund managers. (Link)
Earlier in the month, Nitish had claimed that the liquor ban imposed on April 5 across the state had brought positive changes in Bihar. (Link)
It’s taken 10 years and a series of disastrous unfortunate events, but now Deutsche Bank is teetering dangerously close to financial ruin.
Its shares have lost more than 50 per cent this year, in fact they’re down 20 per cent just this month, and hedge funds have begun pulling money out of the 147-year old institution. (Link)
Large appliances account for less than 10% of e-commerce, and online retailers hope to cash in on this category during the festive season. (Link)
Three early retirees tell their story of living on 4 percent or less. (Link)
Monsoon rainfall totalled 862 millimeters, or 97% of the average between 1951 and 2000, data from the India Meteorological Department (IMD) shows. (Link)
Govt’s Income Declaration Scheme saw an overwhelming response just a few hours before the deadline was to over. (Link)
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