The Slack Discussions

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:

#stocks: IDFC Bank To Replace Havells India In Nifty Midcap 50

Private sector lender IDFC Bank will be included in the NSE’s Nifty Midcap 50 index from November 15. (Link)

#bonds: Saudi Arabia Proposes Rates for Debut International Bonds

Saudi Arabia told investors how much it’s willing to pay on its debut international bond sale to help finance a budget deficit that ballooned to the widest in more than two decades as oil prices collapsed, according to people familiar with the matter. (Link)

#general: Vanguard’s McNabb Says Cost of Investing Will Keep Falling

William McNabb, chief executive officer of Vanguard Group, said the cost of investing will keep falling as more money shifts to passive investments and competition across the industry drives prices lower. (Link)

#general: SC comes down heavily on real-estate firms

Real-estate firms on Tueday got a rap on their knuckles from the Supreme Court for making tall claims to purchasers which remained unfulfilled due to inordinate delay in completing the housing projects.
“In this country, builders have developed an attitude to make commitments to the purchasers and not fulfil them by delaying the projects,” a Bench headed by Justice Dipak Misra said. (Link)

#general: Alpha Corp to invest Rs.600-700 crore in distressed real estate assets in Delhi-NCR

The company is looking at areas such as Golf Extension road, Gwal Pahadi and Dwarka Expressway, which have many uncompleted projects. (Link)

#stocks: Sanjoy Bhattacharyya & Prof Sanjay Bakshi Load Up On “Hidden Gem” Quoting At “Compelling Valuations”

(Link)

#stocks: Ceat develops puncture-safe tyres for bikes; files patent

Ceat, the leading tyre manufacturer in the country, has introduced a new range of puncture-safe tyres for motorcycles.
Developed at its research and development centre at Halol in Gujarat, the first set of tyres are being introduced in South India, beginning with Telangana and Andhra Pradesh, as after-market fitments for motorcycles. (Link)

#general: CBDT issues new rules for taxing share buyback by companies

CBDT introduces new rule for computing amount received by a company in respect of issue of share for computing buyback tax payable. (Link)

#funds: MF body suggests tax sops for debt schemes

Experts say there is need for tax parity between ELSS and other 80C products such as insurance NPS. (Link)

#general: 3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit

Banks in India will either replace or ask users to change the security codes of as many as 3.2 million debit cards in what’s emerging as one of the biggest ever breaches of financial data in India, people aware of the matter said. Several victims have reported unauthorised usage from locations in China. (Link)

#macronomics: A compromised GST

Multiple, progressive rates defy fiscal logic (Link)

#stocks: Porinju Veliyath’s Multibagger Stock Pick Attracts Mohnish Pabrai

Mohnish Pabrai, the internationally renowned value investor, has taken a liking for a stock recommended by Porinju Veliyath. Though Porinju has already pocketed multibagger gains from the stock, it has more upside as is evident from Mohnish Pabrai’s interest in it. (Link)

#stocks: Worried that you haven’t received the Rs. 14.5/- dividend from BEL?

The Record Date (the date on which you need to be a shareholder to receive the Dividend) was 19-Aug-16 and the Dividend was announced in the AGM held on 22-Sep-16.
The Dividend is payable within 30 days from the date it has been announced on and in this case it’s the 22-Sep-16. So effectively the dividend would be paid any day between 20-22 Oct.
However, if you aren’t satisfied with this you can write to the Share Transfer agent on irg@integratedindia.in

#stocks: UAE’s Aster DM Healthcare aims for India IPO within 12 months

United Arab Emirates-based Aster DM Healthcare hopes to launch an initial public offering in India within the next 12 months after filing papers with the local capital markets regulator, its chairman told Reuters on Wednesday. (Link)

#general: Sebi allows advisers to transact on client behalf

RIAs can now effectively use exchanges’ infrastructure to buy and sell MFs with asset management firms on behalf of their clients, something that they could not do earlier. (Link)

#general: Jio is slowest 4G service in India, reveals TRAI data

TRAI had recently launched a speed test app named MySpeed for Android and iOS. MySpeed’s online portal, however, doesn’t test the speed of your connection. It simply shows you the data of tests conducted across country. (Link)

#general: If You Still Like To Invest In Real Estate, Then Best Of Luck

(Link)

#general: How a Sebi crackdown led to tax declarations of over Rs5,000 crore

Stockbrokers, market operators, penny stock company promoters and such entities being investigated by Sebi declared at least Rs5,000 crore of illegal income. (Link)

#general: A flood of investments

A new class of investor has emerged, one who has a far truer understanding of investing and mutual funds. (Link)

#trading-room: Here’s Why Technical Analysis Gets a Bad Rap

There are a lot of people who don’t believe in the merits of technical analysis. It doesn’t make sense to them that you can look at past price movements and determine future price movements. If stock prices are driven by earnings, how can a chart provide any insight? Well, yea, stocks are driven by earnings in the long-run, but in the short-run they’re driven by sentiment, which can be observed by measuring supply and demand. (Link)

#general: RBI permits 100% FDI in more financial services

The Reserve Bank today permitted 100 per cent foreign direct investment in ‘Other Financial Services’ carried out by NBFCs, a move which will help attract foreign capital into the country.
“On a review, in consultation with the Government of India, it has been decided to allow foreign investment up to 100 per cent under the automatic route in Other Financial Services, RBI said in a notification. (Link)