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Stocks

Infosys buys back at 23% higher price, but what happens after?

Infosys will buy back Rs. 13,000 cr. worth shares at Rs. 1150 in a tender offer, says their board today. This is a near 5% buyback, and will reduce the total ...
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Premium

Bond Baba: Will the Infy Buyback Be Useful for an Arb?

Infy has announced - just recently - that they will meet on the 19th to decide if they should buy back shares. They've announced that they will spend about Rs. ...
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General

Markets Have Recovered – Is It Happy Times Again?

Prediction is hard, especially when it’s about the future - Anonymous We are told that prediction is bad and one shouldn’t try to time the market. Time in ...
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General

India has the world's highest fuel cost, relative to income, from high taxes

Bloomberg has an interesting piece about fuel prices around the world: India has one of the highest costs of petrol in the world in terms of affordability. The ...
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Foundations

How Is Your Purchase Price Divided After a Demerger?

Companies demerge themselves. When they do, your shares in the original company now gives you more shares of other companies. The Sintex demerger gave you 1 ...
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Economy

The Cost of Demonetization: Rs. 34,000 cr. in Lower RBI Payout, Likely from Interest on Excess Cash

The RBI will pay Rs. 306.59 billion (Rs. 30,659 cr.) to the government as a “surplus”. Versus Rs. 65,000 cr. in the previous years. Oh my goodness, ...
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Premium

Premium: Electric Vehicles will be Huge, and Why We Need an EV Portfolio

Electric vehicles are the future. For India and for the world. Electric vehicles have a big advantage over Petrol or Diesel vehicles China leads the world in ...
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Stocks

SEBI Bans "Shell" Companies, But Hits a Bunch of Normal Companies Too

  SEBI has decided to put 311 companies into what is called a “Graded Surveillance Measure” level VI. Which is a code for “We Hate These ...
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Stocks

Bharat – 22 – A catch 22 for the Investor?

Unit Trust of India was an Institution created by an Act of Parliament in 1963. The following year it launched a US-64 “fund” which over time ...
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Premium

Portfolio: Momentum Monthly Changes Replace a Whopping 16 Stocks

It's the first Monday of the month, and it's time to rework the Momentum portfolio. It's not done fantastically - with only a 2.85% return since June when we ...
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