March 27, 2015, Friday
The newest Mercedes autonomous car looks like a car on the outside but like a lounge on the inside, with four swivel seats facing each other in a multimedia bubble of padded leather and walnut veneer. The F 015 'Luxury in Motion' concept car unveiled at the Consumer Electronics Show in Las Vegas earlier this year is completely self-driving but still has a steering wheel and brake if you want to swivel around and drive it manually.
March 25, 2015, Wednesday
Most of you know I spend my days gathering “thin reeds” and try to weave them into a favorable “investment bouquet.” As Yogi Berra said, “You can observe a lot by just watchin’!” To this point, about a month ago I wrote:
March 24, 2015, Tuesday
Janet Yellen channels Billy Flynn? Last week the Fed Chairwoman treated us to a master class of rhetorical misdirection which produced some memorable examples of doublespeak, including the soon to be classic "Just because we removed the word 'patient' does not mean we're going to be 'impatient."' But perhaps more surprising than her new heights of verbal dexterity was the market's euphoria at being so blatantly manipulated. Never has the financial world enjoyed a lie so thoroughly.
March 24, 2015, Tuesday
Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour.
March 2, 2015, Monday
For 4QCY2014, Goodyear India (GIL) reported a disappointing set of numbers. Its top-line for the quarter declined by 11.2% yoy to Rs.360cr, below our expectation of Rs.424cr. The raw material cost as a percentage of sales declined by 314bp yoy to 66.5% but employee and other expenses (both as a percentage of sales) increased by 210bp yoy and 231bp yoy to 8.5% and 16.6% respectively, negating the benefits of lower raw material cost.
February 27, 2015, Friday
The Railway Budget for 2015-16 laid the foundation for a five year vision to transform the Indian Railways as a prime engine for propelling the Indian economy. It laid thrust on customer satisfaction, investment towards capacity building and modernisaion of infrastructure. The Railway Budget for the next fiscal emphasized on augmenting capacity through network expansion, expansion of freight handling capacity, setting up of Transport Logistics Corporation of India towards provision of end-to-end logistics solution, revision of policy for private freight terminals, harnessing PPP, and awarding 750 km of civil contracts and 1300km of system contracts on dedicated freight corridor