It is a wakeup call for those who believe in old-style value investing and this caution comes from none other than the Professor of Finance at Stern School of Business at New York University (NYU), Aswath Damodaran, often referred to as the 'Dean of Valuation'. In a recent interview he did say "I think book value has completely lost its meaning. Value investing is not just buying low price to earnings or price to book stocks". It has become much more than that – was a mutual feeling. … [Read more...] about Value investing: Warren Buffett course-corrects his investment style, should you?
Government expenditure and economic growth
"The spread on interest rates on various categories has softened and there has also been evidence of trickle-down of the rate cuts done previously, which justifies the decision to retain the rates," said Divakar Vijayasarathy, founder and managing partner, DVS Advisors LLP. … [Read more...] about RBI Monetary Policy: MPC warns of elevated headline inflation in Q2 FY21
Potential investors are unclear about the process as it requires multiple approvals, an official told the paper, adding that the DPIIT is working on a “pan India single window clearance system called the Investment Clearance Cell for licences.” … [Read more...] about India to set up single-window Investment Clearance Cell to facilitate faster approvals: Report
The MPC had convened for the three-day meeting from August 4-6. The six members of the MPC – Chetan Ghate, Pami Dua, Ravindra H Dholakia, Mridul K Saggar, Michael Debabrata Patra and Shaktikanta Das – unanimously voted to keep the repo rate unchanged. … [Read more...] about RBI Monetary Policy: MPC keeps repo rate unchanged at 4%
Total incentive available to distribute for the first year is capped at Rs 5,334 crore. For the second-year Rs 8,064 have been earmarked, and for the third year incentives are capped at 8,425 crore. This will is hiked for the fourth year to Rs 11,488 crore. In the fifth and final year, 7,640 crore is the amount that will be distributed. … [Read more...] about Explained | What is production linked incentive scheme?