Tag: daily

Your world at 9am

Equities

Must reads

S&P: India’s hard-won fiscal improvement is vulnerable to financial or commodity shock, because of high subsidy and public debt. (ET, #economy)

Consumer price inflation hit a three-month low of 5.17% in March. (FE, #inflation)

Soon, we will all be totally jobless:

• Robot cook: A pair of dexterous robotic hands, suspended from the ceiling, assemble the ingredients, mix them, and cook them in pots and pans as required, on a hob or in an oven. When the dish is ready, they then serve it with the flourish of a professional. (Economist)
• On-call scheduling: Software that forecasts staffing needs based on real-time sales and traffic information. (WSJ)
• Proof that income inequality cannot be fixed by education: High-skilled workers have moved down the occupational ladder and have begun to perform jobs traditionally performed by lower-skilled workers. (NBER)

Markets closed today on account of Dr. Baba Saheb Ambedkar Jayanti

Your world at 9am

Equities

Must reads

ECB will buy bonds that carry a negative yield, as long as that doesn’t fall below the rate it charges banks on deposits, which is -0.20%. (WSJ)

Infosys and Wipro in fight to renew Rs 12,000 crore outsourcing contract that will expire this year. Last time around, HCL Tech ate their lunch. (ET) [stockquote]HCLTECH[/stockquote] [stockquote]INFY[/stockquote] [stockquote]WIPRO[/stockquote]

Will we soon have FDI in retail? (LiveMint)

Indian GDP numbers: did bureaucrats take something that was not broken and fix it until it was? (FT)

EPFO will once again consider diversifying its investment pattern to park 5-15% of its corpus in equity and infrastructure trusts. (ET)

Goldman: “The twin forces of regulation and technology are opening the door for an expanding class of competitors to capture profit pools long controlled by banks.” (FT)

Good luck and have a nice long weekend!

Your world at 9am

Equities

Must Reads

Conditions are so dry in California that some farmers aren’t even bothering to plant. Will this make India’s food inflation situation worse? (Bloomberg)

Many products are often complex for complexity’s sake, while conflicts of interest abound among financial advisers and insurance brokers. If you really care about people making better financial decisions, focus on making financial products simpler and transparent. (Bloomberg)

Fund managers do not try to maximise their returns. They try to do better than their peers. We do not necessarily need a BMW, until next door has one. People do not necessarily need to maximise their pay – but grow furious if they find they are paid less than a colleague. Rather than do the best for ourselves that we possibly can, many of us instead aim just to do better than the other guy. (FT)

Enjoy! Markets closed for Dr. Babasaheb Ambedkar Jayanti.