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On Slack: 9.2 Lakh Crore Remonetised, Bond Guru, Dynamic City, Facts & The Future, Falling Rates, Icy Tidings, Mystery $9 billion, and more….

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On Slack: 9.2 Lakh Crore Remonetised, Bond Guru, Dynamic City, Facts & The Future, Falling Rates, Icy Tidings, Mystery $9 billion, and more….

Slack is where the daily action happens. We take pride in our diverse and always helpful member community which includes value investors, fund managers, and professional traders. Here is a brief summary of some of the interesting things discussed there in the last few days. Find all older ones here.


#stocks: Pundits, Facts and the Future

Howard Marks, co-founder of Oaktree Capital Group, is one of the smartest guys I know. Each quarter, he sends out a letter to investors filled with sharp insights and observations. I find all of his letters to be worthwhile, but this quarter he played right to my confirmation bias in his discussion about experts. Bloomberg

#stocks: IndiGo to take steps to improve on-time performance

IndiGo has laid out some ‘immediate steps’ to improve performance which include joint briefing of pilots and cabin crew at the aircraft for domestic departures. Livemint

#bonds: A primer for investing in debt mutual funds

Investing in Debt Mutual Funds & Fixed Deposits = you are basically a money lender in disguise!! Eighty Twenty Investor

#stocks: Indian aviation is growing but it’s straining airports: Why 1 in 4 flights are getting delayed

The fastest growing aviation market across the globe continues its struggle infrastructure and performance metrics of its airlines. Data released by DGCA show not a single airline managed to operate one in four flights on time from four of India’s busiest airports last month. This, when India’s airlines carried close to 10 crore passengers in 2016, with 12 consecutive months of above 20 percent growth. The delays have been increasing as traffic grows. First Post

#stocks: Warburg Pincus Acquires Nearly 14% Stake in PVR for Rs 820 Crore

Private equity player Warburg Pincus on Wednesday said it has acquired around 14 percent stake in multiplex chain PVR for approximately Rs 820 crore. Bloomberg Quint

#macronomics: Rs 9.2 lakh crore remonetised till date: RBI Governor Urjit Patel to Parliamentary panel

Reserve Bank of India (RBI) Governor Urjit Patel told a Parliamentary panel that Rs. 9.2 lakh crore have been introduced in new currency so far. Economic Times

#general: Bangalore beats Silicon Valley, becomes the most dynamic city in the world

Six Indian cities feature in the CMI Global Top 30, with the country’s primary technology hub, Bangalore, moving into the top spot for the first time. Economic Times

#general: Lenders may move SC to avert Rs 30,000 crore Aircel blow

A consortium of lenders led by State Bank of India has approached the attorney-general’s office for making an application to the Supreme Court to leave Aircel out of the corruption case against the telecom operator’s promoter. Economic Times

#general: Deposited Rs 10 lakh or more in bank a/c after Nov 8? Be ready to reveal source of money in next 15 days

Over the next fortnight, the tax office will ask everyone who deposited more than Rs 10 lakh in their bank accounts after November 8 to spell out the source of money. There are about 1.5 lakh bank accounts in which Rs 10 lakh or above has come in since announcement of demonetisation, according to information compiled by the department. Economic Times

#general: The Most Powerful Force In The Universe

Anyone can solve the equation 6+6+6+6. But ask somebody to calculate 6x6x6x6 without a machine and they’re going to look at you cross-eyed. The human brain was designed for linear, not exponential processing. The Irrelevant Investor
On Slack: 9.2 Lakh Crore Remonetised, Bond Guru, Dynamic City, Facts & The Future, Falling Rates, Icy Tidings, Mystery $9 billion, and more….

#general: Davos Brings Icy Tidings For India

The WEF Inclusive development report has India lagging behind China, and even Pakistan. With India ranked at 60 out of 79 developing economies, China at 15 and Pakistan at 52. NDTV Profit

#stocks: HDFC Reduces Home Loan Rate For Existing Customers

After reducing rates for new customers earlier this month, Housing Development and Finance Corporation Ltd. (HDFC) has decided to bring down rates for existing customers. Bloomberg Quint

#bonds: FreeCharge will now allow users to invest in mutual funds

FreeCharge’s customers will now be able to invest in mutual funds through its partnership with Reliance Mutual Fund. To invest through FreeCharge, a KYC compliant customer needs to enter their PAN number, bank account number and other details and the folio of the customer will be generated. Medianama

#bonds: Bond Guru Who Called Last Bear Market 40 Years Ago Says Go Long

“I know I’m the minority here,” Hunt said. “I’m just trying to see the world as I think it should be seen.” Bloomberg

#general: Death of an Equity Analyst

In one of his many imaginary conversations, Willy Loman returns home from a tiring road trip to share a secret dream with his boys, Biff and Happy. “Don’t breathe it to a soul,” says the 63-year-old protagonist of Arthur Miller’s Death of a Salesman. “Someday I’ll have my own business, and I’ll never have to leave home any more. Bloomberg

#general: Aadhaar may be made mandatory for tax filing, food subsidy

The government is “actively” discussing possible amendments to the Income Tax Act to make Aadhaar linkage compulsory for I-T filings beginning FY18, Business Standard reported on Friday. Money Control

#bonds: Falling rates break bond, HNIs, ultra-HNIs turn to stock market

Wealthy, yield-hungry investors are looking to shift bigger allocations of their portfolios to equities and moving out of debt investments as they see interest rates near the bottom and asset managers said High Networth individuals (HNI) are shifting their 20-30% asset allocations from bonds gradually. Economic Times

#general: Mystery $9 billion in cash with Indians after Modi’s demonetisation move

Indians withdrew about Rs. 60,000 crore ($9 billion) more than the Rs9.1 trillion of currency in circulation as of 13 January. Livemint

#stocks: Motherson Sumi to buy Finnish truck wire maker PKC Group for $609 million

Motherson has offered 23.55 euros per PKC share. Business Standard

#stocks: Competition Commission Raps Seven Cement Firms For Trying To Rig Bids

The Competition Commission of India (CCI) has imposed an aggregate penalty of Rs 206 crore on seven cement companies for trying to rig bids for Haryana government contracts in August 2012. Bloomberg Quint

#general: Forgot to file taxes? These startups can help you out

For people who’ve missed filing in the fiscal 2014-15, this will be last chance to file returns as well. With numerous startups mushrooming in the fin-tech space, e-filing of taxes has become a breeze. Money Control

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