10 things to know this week – Dec 02, 2016

Here are the ten interesting things to know this week, ended Dec 02, 2016.

India:

1) Market Makers with Kenneth Andrade
Catch Kenneth Andrade – Founder & CIO of Old Bridge Capital in an exclusive conversation with ET NOW, as he speaks about the art of compounding, rural recovery, and more. Watch video: [ET Now]

2) Long-term India story positive, margins to improve: R Sukumar Rajah
In an exclusive interview with ET Now, R Sukumar Rajah, MD & CIO, Asian Equities, Local AM, Franklin Templeton Investments, says sees a lot of positives and a lot of value in emerging markets. Read more: [Economic Times]

3) Auto sales hit a rough patch
While two-wheeler sales were down in November it is still to early to assess the final impact of demonetization on the auto sector. Read more: [Forbes India]

4) What the Q2 numbers mean for India’s IT industry
The numbers reflect why companies must go beyond outsourcing, and focus on digital and AI services. Read more: [Forbes India]

5) Billionaire Ambani Extends Free Telecom Services Until March 31
Billionaire Mukesh Ambani extended free services being offered by his Reliance Jio, saying the company was working to iron out voice- and data-quality problems to help lure customers from rivals. Read more: [Bloomberg]

6) India-dedicated funds withdrew $2b in a month; top 10 largest offshore funds    
The domestic financial markets have seen large outflow of FII money over the past 30 days, given the twin impacts of higher yields in developed markets and a demonetisation drive back home. Read more: [Economic Times]

Global:

7) Italy’s referendum explained: What you need to know
Italian citizens will vote on constitutional reform on Sunday in what is seen by many analysts as the most significant European political event of 2016. Read more: [CNBC]

8) OPEC deal sends oil spiking 14% in 3 days
Crude has spiked 14% in just the past three days, ending Friday at a 17-month high of $51.68 a barrel. Read more: [CNN Money]

9) Buffett’s Big New Buys Are Soaring
News that Warren Buffett’s Berkshire Hathaway bought shares in some of America’s biggest airlines has ignited investor interest in the industry. Read more: [The Motley Fool]

10) Warren Buffett’s Strategy to Get Income from Any Stock
Just because you need income doesn’t mean you should ignore exciting stocks that don’t pay dividends. Read more: [The Motley Fool]

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