Posted at 2:23 PM , on November 4, 2019
Earlier this week, the Supreme Court bowled an absolute twister authorizing the government to collect unpaid AGC and other charges of Rs.92,000 crore. Most of these payments had to do with an old dispute between the DOT and the telecom companies. The dispute was whether government was entitled to a share of the non-core revenues or only the core revenues. The SC order puts that debate to rest. Telecoms need to give the government a share of their non-core revenues along with the penal amount and interest, which is what amounts to Rs.92,000 crore.
Posted at 2:20 PM , on November 4, 2019
When investors like Bill Ackman invested heavily into Berkshire Hathaway, they may not have bargained for such a huge underperformance. The company, that holds Buffett’s investments, has done just that. Since the beginning of 2019, Berkshire Hathaway stock has seen its value increase by just 4.3% while the S&P 500 is up by nearly 23% during the same period. The last time that Buffett had to endure such a performance was back in 2009. What explains this weak performance of Berkshire Hathaway vis-à-vis the benchmark index?
Posted at 2:16 PM , on November 4, 2019
Posted at 11:13 AM , on October 30, 2019
Infosys has managed to remain in the news over the last five years for all the wrong reasons. In the latest episode, a whistleblower has leveled allegations on the CEO and CFO of concealing costs that would have realistically dented profits. While the complaint has been filed with SEBI and the SEC in the US, it appears to be a clear case of much ado about nothing. Here is why.
Posted at 11:10 AM , on October 30, 2019
By the time the planned restructuring of Reliance Jio is completed, the company will be almost debt free. For a long time, investors in RIL have been worried as to how the debt of Jio will be handled and how the capital investment of $30 billion will be amortized. Now, there appear to be some answers to this question. Here is how RIL plans to go about it.