10 things to know this week – Oct 28, 2016

Here are the ten interesting things to know this week, ended Oct 28, 2016.

1) Cyrus Mistry has damaged the group’s image: Tata Sons
Mistry was replaced by the Tata Sons board on Monday, and Ratan Tata was brought back as interim chairman.  Read more: [Economic Times]

2) We should be careful and optimistic of mid-cap space: Sunil Singhania
The advent of second generation business leaders and the rise of startups have resulted in confidence about the future of mid-caps, says Sunil Singhania. Read more: [Forbes India]

3) Future returns from mid-caps will be less than before: Sanjay Bakshi
Professor and value investor Sanjay Bakshi believes the overall mid-cap space is more optimistically valued today than at any time in the past 15 years. Read more: [Forbes India]

4) Has Wipro’s Rishad Premji triumphed over Infosys’s Vishal Sikka?
Wipro’s M&A strategy, overseen by Rishad Premji, is the most aggressive among home-grown IT firms, and can become a template for TCS and Sikka’s Infosys. Read more: [Live Mint]

5) Know why global funds are pulling out investments from Indian cos
A growing number of companies globally are recognising that sustainable business practices are a critical factor in generating long-term financial growth. Read more: [Economic Times]

6) 3 ground rules for picking a multibagger among smallcaps: Mark Mobius  
As people’s income increases, they will be investing more in markets and small and midcaps. Read more: [Economic Times]

7) Latest Clinton email probe could hand the election to Trump
News of the re-opened Clinton email probe now gives Trump a winning hand to play in this tumultuous election, says Jake Novak. Read more: [CNBC]

8) Warren Buffett’s simple rule: Bad news first
Buffett knows that most people will try to lead with good news. The problem is, they often use the upside of the situation to paper over the risk of having to share bad news at all. Read more: [Market Watch]

9) Asset Managers Bleed $50 Billion as Industry Crisis Deepens
The business of picking stocks and bonds for clients is getting smaller by the day. Seven top asset managers this week reported a total of $50 billion in third-quarter net redemptions. Read more: [Bloomberg]

10) Marc Faber drops the doom, says commodity prices will rise, oil to hit $70 soon
Long-depressed commodity prices are set to finally head higher for two key reasons, Marc Faber, the publisher of the Gloom, Boom & Doom report, told CNBC. Read more: [CNBC]

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