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India Not Ready For EV, Warren Buffett's Next Big Purchase et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 17, 2018 12:36 PM 1 min read
Editorial

End of Day Wrap-up (Saturday / March 17, 2018) #Govt #Volkswagen #EV #electric #India #China #corruption #SaudiArabia #SWF #WarrenBuffett #Transfin

Editor's Comment: Govt reportedly may consider increasing salaries of low-level govt employees beyond recommendations of the 7th Pay Commission. New minimum pay and fitment factor to allegedly be introduced from April 2018.

 

VW India Chief says India is not ready for Electric Vehicles. Says 'too early' for company to introduce its EV models in the country.

 

Govt's task force on shell companies recommend the need to identify and conduct inquiry on Indian cos with subs in tax havens. Shares list of attributes with investigating agencies to help them red-flag shell entities. Attributes inlude disproportionare investments, debt, advances, or cash. e.g. is reserves and surpluses are > 5x company turnover etc.

 

China sets up superministries around anti-corruption & environment, new foreign aid agency, empowers financial regulators, ends family planning commission. Xi Jinping re-elected for 2nd five year term with close ally Wang Qishan appointed as deputy.

 

Saudi Arabia's SWF to buy a stake in Endeavor LLC, a company that includes the world's largest talent agency which represents A-listers from Hollywood. The Kingdom aims to create a sports and entertainment sector in Saudi Arabia.

 

Southwest Airlines may be on Warren Buffett's shopping list. Berkshire Hathaway already has a significant stake in the airline.