Morning News from India - August 7, 2018 Tweet07 Aug 2018
- Sensex, Nifty close flat after hitting record highs; Energy stocks drag (Livemint)
- The US and India are squaring off on trade. That spells trouble for Modi (CNBC)
- ‘Baahubali’ can be Netflix’s Gamechanger of Thrones (Livemint)
- Amazon, Flipkart want the draft e-commerce policy scrapped (Livemint)
What India taught Indra Nooyi about leadership (Quartz India)
- ICICI Bank masked bad loans through change in accounting policy (Livemint) - IBN
- What HDFC AMC stock’s blockbuster listing says about Indian markets (Livemint)
It’s one simple reason: a terrible shortage of quality stocks in the Indian markets. Such is the dearth of listed companies that investors can trust that they pile on when a company with a pedigree lists on exchanges. The problem has been compounded lately, with a number of mid-cap stocks correcting sharply. Besides, with auditors resigning from a number of companies, investors are being doubly cautious.
But with companies that have a decent track record on governance, investors are throwing all caution to the wind when it comes to valuations. The rush for quality stocks is also evident in the high valuations of consumer goods companies and private sector banks, for instance.
More travel companies may line up for WhatsApp for business APIs (Economic Times) - MMYT, YTRA
- India’s biggest ride-hailing service is driving into the UK (Quartz India)
- Paytm Money sees half a million users sign up to buy mutual funds (Livemint)
- Oyo flourishes in China, sets up 50,000 rooms in just 3 months (Entrackr)