10 things to know this week – Dec 30, 2016

Here are the ten interesting things to know this week, ended Dec 30, 2016.

India:

1) Ajay Piramal strikes it big with contrarian calls
By staying alert to investment opportunities and betting on long-term potential, Ajay Piramal has built a diversified empire of successful businesses. Read more: [Forbes India]

2) 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]

3) Large borrowers with troubled loans are hurting banks: RBI  
Large borrowers form 88.4% of gross non-performing assets, or NPAs, as on 30 September in comparison to 86.4% at the beginning of this financial year, says RBI. Read more: [Live Mint]

4) Indian IT: Back to the future  
Boffins at outsourcing firms need to rev up the pace of change and address internal structural issues first to ensure their organizations remain future-proof. Read more: [Live Mint]

5) Why analysts are bullish on Titan Company
Around 20-30% of the unorganised gold jewellers may shut shop in the coming years as their competitive advantage—low making charges due to tax evasion—will get wiped out due to tighter regulations. Read more: [Economic Times]

6) Castrol is worth a bet with focus on personal mobility
Castrol’s strategy to improve profitability by focusing on the personal mobility segment, which includes two-wheelers and passenger cars and a gradual turnaround in volume. Read more: [Economic Times]

Global:

7) Here Are the Best and Worst Performing Assets of 2016
From stocks to currencies, these were the biggest movers. Read more: [Bloomberg]

8) How Anyone Can Invest Like Warren Buffett
What do George Soros, Warren Buffett and a computer have in common? Turns out, a lot. Read more: [Bloomberg]

9) Trump wants to spend $1 trillion on infrastructure. Here’s how he can get a better deal
Trump can learn a lot from Europe when it comes to infrastructure spending, says Richard Hurowitz. Read more: [CNBC]

10) These bets helped Warren Buffett become biggest-gaining billionaire of 2016
Buffett had added about $12 billion to his fortune in 2016, making him the biggest gainer among wealthy individuals in the U.S., according to both Bloomberg and Forbes. Read more: [Market Watch]

 

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