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Deepak Shenoy
131.1K posts
Deepak Shenoy
@deepakshenoy
CEO, Capitalmind Mutual Fund
PMS: capitalmind.in
Views personal, not advice
Book: Money Wise amzn.to/3CgkGea
- 25 years ago, Citibank refused to give me a credit card because I was a "flight risk". (Software engineer etc) Today, Citibank shuts down India ops. They are the flight risk now.
- Canada is funny. It arrested truckers for just protesting against the vaccine, harassed their family members and tried to destroy their lives. But actual terrorists can be perfectly safe and happy in their country, and plan terrorist activity against India. I don't think Sikhs
- Chauhan sells Bisleri to Tata for 7000 cr. It's an iconic brand indeed. He first sold Thums up to Coke in the early 90s, and even after 30 years, Thums up is still the leader even beating cokes own cola in India. What an iconic guy.
- Mukesh Ambani is a legend. He's managed to raise 92,000 cr. in the lockdown, for Jio.
- It is just awesome to read that British newspapers are screaming furious about an Indian woman being richer than the queen. And that she's been richer for a long time now.
- MasterCard and Visa stop operating in Russia. India did well to create rupay and UPI and to stop foreign banks from being a major part of our economy.
- UPI should remain free as an online service, forever. This concept of oh PhonePe or GPay is not earning money is their problem; they chose to get in knowing there was no money in it. If they walk away, someone else will come and take their space. Banks get paid.
- Dear bankers who are selling a pension ulip to a 75 year old lying to them about returns and omitting fact that money is locked for life. How do you sleep at night?
- There is an insane amount of effort to push propaganda against the Vande Bharat India made trains. I wonder why. It's quite easily visible that the anti is being pushed and pumped but it has to be industrial? Small events in a new train with this much coverage is strange.
- The NDTV takeover was not today. It was in 2009. No one made money here. Not the acquirer. Not NDTV shareholders, and not even the ex-promoters of NDTV. The public offer is some 30% below the current market price. There's no money to be made here. (more details follow)
- This is HUGE! RBI says banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days! * Have to remove encumberance within 30 days, and return docs * Docs can be returned from any branch, not just home branch of customer * Loan docs must
- Hero motocorp sells 8 lakh vehicles in Oct. Just when Bajaj was saying demand isn't that much.
- Biden, Sunak and Macron congratulate India for buying from the private companies Boeing and Airbus. Why is that fine but when Indian politicians say good things about private companies it's sacrilege, i wonder.