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Focus in Budget 2018, Reliance Undercuts Rates et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 30, 2018 12:39 PM 2 min read
Editorial

Reuters poll suggests a modest stimulus in Budget 2018 and focus on fiscal consolidation; Reliance Jio undercuts competitors on both voice calls and data, further disrupting the telecom space; Taj Hotels boosts online revenue by 27% by enhancing their enterprise and retail level tech platforms; Softbank backed Ola enters Australia; Michael Dell may consider a reverse merger to combine Dell Technologies and VMware to better manage its massive debt load; Elon Musk selling flamethrowers to raise capital for his tunneling startup, Boring Co., $5m merchandise sold to date, safety concerns flagged by commentators.

End of Day Wrap-up (Tuesday / January 30, 2018) #EconomicSurvey2018 #Budget2018 #Reuters #Reliance #Jio #Taj #Softbank #Ola #Uber #Dell #ElonMusk #Transfin

Ola enters Australia and showcases International ambitions similar to Uber, Didi Chuxing and Grab - initiates retail ops and awaiting regulatory approval before kicking-off commercial ops. Reliance Jio disrupts data pricing by giving out unlimited voice calls + 1GB of data for INR50 per month. Reuters poll suggest maintaining fiscal deficit would be the key priority for government in upcoming Budget. Not much relief expected on tax front, except corporate taxes for SMEs.

 

Taj Hotels benefiting from centralising its tech platforms to generate and execute ever more leads from Millennials. 27% boost in online revenues, 30% increase in room bookings, and 25,000 table bookings over past 9 months. Loyalty program also integrated in digital systems.

 

Michael Dell may bring his technology empire under one listed roof by reverse merging Dell Technologies into VMware to get common listing vs. a stand-alone IPO as anticipated earlier. Elon Musk sells 10,000 flamethrowers (at $500 a piece) to fund his tunneling startup Boring Co. He plans to sell 10,000 more. Merchandise sale to raise capital in-line with his earlier strategy to lock in customers for the Tesla Model 3 when he asked for advance deposits.