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On Slack: Au Financiers, Backstage Wall Street, Black Ka White, Cash Transaction Fees, Fintech Tracker, Mercator & Accelya, VAT Extra and more….

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On Slack: Au Financiers, Backstage Wall Street, Black Ka White, Cash Transaction Fees, Fintech Tracker, Mercator & Accelya, VAT Extra 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.


#general: No proof required: Not business as usual

Budget 2017-18 is probably the most brilliant economic and political document since the path-breaking budget of 1991. Indian Express

#general: Fintech Tracker: Goal-wise Believes Algorithms Can Manage Your Money Better Than Humans

Fintech startup Goal-wise says that computers take the fuss out of investing. Their weapon of choice: a proprietary algorithm that invests on your behalf. Bloomberg Quint

#general: Warburg Pincus acquires airline services group Accelya; Dubai-based Mercator and Accelya to merge

Barcelona-based Accelya, a leading provider of financial and commercial solutions to the airline industry, and Dubai-based Mercator, a global provider of product-enabled solutions to the travel and transportation industry, announced their intention to merge. IB Times

#stocks: Dr.Reddy’s net falls 19% on U.S. sales

Dr. Reddy’s Laboratories said its net profit for the December quarter was down by 19% to Rs. 470 crore (as per IFRS) against Rs. 579 crore during the corresponding quarter in FY16 owing to drop in North American sales. The Hindu

#general-from the past: Here’s why you should ignore tax-saving investment option under NPS

The Budget 2015 offers an additional tax saving option of Rs. 50,000 if you choose National Pension System (NPS) as an investment to save tax. Now you can invest up to Rs. 2 lakh and get tax deduction – up from Rs1.50 lakh earlier. Money Life

#general: Why “Black Ka White” thru stocks won’t stop

Alpha Idea
On Slack: Au Financiers, Backstage Wall Street, Black Ka White, Cash Transaction Fees, Fintech Tracker, Mercator & Accelya, VAT Extra and more….

#general: Chinese factory replaces 90% of human workers with robots.

According to Monetary Watch, the Changying Precision Technology Company focuses on the production of mobile phones and uses automated production lines. The factory used to be run by 650 employees, but now just 60 people get the entire job done, while robots take care of the rest. ZME Science

#stocks: HDFC Bank increases cash transaction fees on savings a/c

In a bid to discourage cash transactions, the country’s second-largest private sector lender HDFC Bank has decided to steeply increase the fees for savings account holders on a slew of activities involving cash. The Hindu Business Line

#general: Shops Cannot Say ‘VAT Extra’ On Items Sold On Discount, Rules Consumer Body

Why do retailers charge extra VAT after discount on MRP, was one of the top read posers on Quora. Outlook India

#stocks: Warburg Pincus-backed Au Financiers files draft papers for IPO

While the deal size is still being deliberated, the share sale is estimated to be more than Rs 1,500 crore (around $223 million) of primary market offering, two persons familiar with the matter told VCCircle. This would value Au Financiers at around Rs 8,000 crore ($1.18 billion). VC Circle

#general: Most deposited Rs 2 lakh or more, some used one PAN for 20 accounts: Govt

Over two-thirds of the demonetised currency deposited in banks has come in the form of deposits over Rs 2 lakh — totalling around Rs 10.38 lakh crore. Indian Express

#stocks: GDP growth and equity market

There is a widespread belief that equity market returns are strongly correlated to the GDP growth of a country. Is there merit to this idea? Take a look at this quick data. Money Life

#general: Narendra Modi has made it extremely unappealing to be a landlord in India

The Narendra Modi government is set to club tax incentives for self-occupied properties by bringing them on par with rental houses. Under the new regime, the deduction limit on interest paid for home loans taken for houses that a buyer is already occupying, will be the same as for those bought with the intention of earning rental income. Quartz

#stocks: Tech Mahindra suspends appraisal cycle for senior employees

TechM made the announcement on Friday on a webinar chaired by its Chief Operating Officer L Ravichandran, three TechM employees told ET. Economic Times

#general: Centre tells SC it plans to verify all mobile subscribers within a year

More than 90% of the existing subscribers were prepaid users and the Centre would adopt a mechanism similar to the one it has in place for verification of new subscribers, says attorney general Mukul Rohatgi. Livemint

#stocks: Maruti seen biggest gainer in Toyota-Suzuki mega deal

Suzuki Motor Corporation’s India outfit Maruti Suzuki which has a 50 per cent share in the domestic passenger vehicle market, will become the biggest beneficiary of this mega deal. Money Control

#general: Can you believe this? Indian Bank, a century-old state-owned lender, is Asia’s top-performing bank stock

Indian Bank, a century-old state-owned lender based in the country’s south, has emerged as Asia’s top-performing bank stock in the past year, driven by a focus on consumer loans that are less likely to sour than corporate advances. Financial Express

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