No change in interest rates. GDP expected down about 0.3%. Inflation higher in the second and third quarter of the year above 5%, expected.
The announcement on tax removal on cap gains (AND Interest!) on GSecs for FPIs has brought down yields to 6.95%.
$MSFT CEO when asked if he would ever issue equity:
"I’ve not studied it, it came last night, I think, so I’ve got to go understand what’s happening. But, it’s like maybe it’s the thing to do is everybody is going public or reissuing equity, maybe that’s the season."
Bihar needs to go on “war mode” to get ahead.
People ask themselves, “what they want to see before they die?”
For me, it’s this:
No Bihari should be forced to leave Bihar just for their sustenance.
I want to be able to give every Bihari the ability and opportunity to thrive in Bihar.
Bill Gates on what Warren Buffett's calendar taught him about time:
Bill Gates built his career packing every minute.
As he recalls it: "I had every minute packed and I thought that was the only way you could do things." Then Buffett showed him his calendar, and it changed how Gates thought about time entirely.
Buffett's calendar looked nothing like that.
Whole days sat blank.
Flipping through it, Gates notes: "he has days that there's nothing on." One stretch was almost comically empty. As Gates describes it: "this is the week of April of which there are only three entries for a week." One of those rare entries was simply to file tax, prompting Buffett to joke, "Yeah, there'll be four maybe by April."
Asked what the lesson was, Buffett explains:
"that you control your time and that sitting and thinking may be a much higher priority than a normal CEO who, you know, there's all this demand and you feel like you need to go and see all these people. It's not a proxy of your seriousness that you filled every minute in your schedule."
Then he gets to the part that reframes time as the scarcest asset of all:
"And people are going to want your time. It's the only thing you can't buy. I mean, I can buy anything I want basically, but I can't buy time."
He closes with this:
"And so to have time is the most precious thing you can have. I better be careful with it. There's no way I will be able to buy more time."
The Ministry Of Electronics And Information Technology (Meity) Has Picked Six Companies, Including Tata Consultancy Services And Nec Corporation India, To Provide Artificial Intelligence And Machine Learning (AI/ML) Personnel And Services Across Central Ministries And Departments For Various Projects: MC
TCS In the last two days:
June 3: “TCS expands partnership with
Euroclear to modernize Sweden’s central securities depository”
June 4: “Nokian Tyres advances IT
transformation with AI-led modernization in collaboration with TCS”
#TCS
We are commissioning one long-form book review (5000-7000 words) for the first issue of the @newdelhireview, to be released in July.
Looking forward to connecting with PhD scholars on China or faculty members who would be able to help us out with it. There is an honorarium.