February 2016

Thursday, February 25, 2016

News on USL and UB

The news is that Vijay Mallaya has resigned from USL (in exchange of some amount of money - USD 75 million in 5 years !!!)

Now it paves way for Diageo to take complete control and move forward with its plans.

USL opened up today (nearly 4%)

Today I heard on radio about beer consumption being highest in AP, TN, Karnataka and Kerala (they being the top 4).

I read a bit and came across this article.
http://www.newindianexpress.com/states/telangana/Consumption-of-Beer-Highest-in-Telangana-Andhra/2015/06/04/article2847997.ece

This is 2015 based and am sure the figure would have increased by today (2016)

In India with more population growing and more teenagers opting for beer etc. the consumption should grow. (I know this is bad habit but its happening - sadly)

Are you looking at USL and UB based on above news?

There are also rumors of Heineken increasing its stake in UB. Does that generate interest for you?

Thursday, February 11, 2016

EPFO Planning one time bonus?

The Employees' Provident Fund Organization is considering doling out a Rs 750 crore bonus to its subscribers for 2015-16 instead of raising the interest rate.

Why not instead increase the interest rate?
Because, then people will put more in PF and not in the other small saving schemes.

So look forward to some increase in your PF amount :-)

http://economictimes.indiatimes.com/wealth/news/epfo-planning-one-time-bonus-of-rs-750-crore-for-its-subscribers-in-fy16/articleshow/50938545.cms?google_editors_picks=true