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Fed Holds Rates, 17 Netflix Originals in the Pipeline et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Nov 9, 2018 2:08 PM 3 min read

 Good evening reader,


In all our excitement over the US Midterms, we completely ignored the much deliberated domestic milestone(?) i.e. Demonetisation.


Yes, yesterday was the 2nd year anniversary of that wild but significant "experiment". We won't go to the extent of tagging it as a policy action, owing to its lack of thoughtfulness and structure.


What happened through the day followed an oft-repeated script.


The FM wrote a post on Facebook explaining the "Impact of Demonetisation." Ex-PM and Member of Opposition Manmohan Singh and others gave expectedly harsh assessments. #Demonetisation trended on Twitter. That's it.


The trouble is that a sane discussion on this issue can never happen in the vacuum of data and analysis (well, on that ground it definitely failed). There is a bulky political dimension and not merely an economic one. And in the world of the former, how the story is spun takes precedence over everything else.


That being said, we recommend you to follow this narrative to understand the makings of Political Spin, rather than in hope of a conclusive judgement. That ship sailed long time back.


Presenting Today's Top 6 Business Stories through our End Of Day Wrap Up:




Government approves privatisation of 6 airports under the PPP model, AAI to hold a minor stake.

Operation, management and development of 6 airports – Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati to be privatised through a public-private partnership (PPP).


The PPP model has previously been implemented for airports in Delhi, Mumbai, Bengaluru, Kochi and Hyderabad.


Supreme Court to hear case against RBI’s February 12 circular which may direct 100 companies to NCLT for resolution.

The circular requires banks to finalise a resolution plan in case of a default on large accounts of INR2,000cr and above within 180 days, failing which insolvency proceedings will have to be invoked against the defaulter.


SC is to hear a case filled by the power producers’ association contesting RBI's directive on November 13.


NBFCs and HFCs raise INR30,000cr from commercial paper market in October.

Non-banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs) show first signs of recovery in the aftermath of the IL&FS crisis as they raise INR30,000cr from commercial paper market in October, marginally above INR28,500cr in September.




US Fed keeps rates unchanged on back of a strong economy, signals potential hike in December.

Federal Reserve held short-term interest rates steady at 2 to 2.25%. The Central Bank noted “that the labour market has continued to strengthen and that economic activity has been rising at a strong rate.”


Disney posts record annual profit.

Walt Disney reported a record annual profit of $13bn on $59bn in revenue this year, vs. a profit of $9bn on $55bn in revenue last year. The rise in profits was driven by the company’s parks-and-resorts and studio-entertainment segments.


With 17 Originals in the pipeline, Netflix set to expand presence in South and South-East Asia.

In a bid to expand its presence the South and South-Ease Asian markets including Thailand, Korea, Japan and India, Netflix is set to launch 17 Originals across these regions.


In India, the video-streaming platform has announced one original series and eight original films including spin-off to the epic Bahubali franchise, adaptations of Midnight’s Children and Bard of Blood etc.


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