Motivation

via: Transfin newsletter

ollowing RCom’s shambolic race towards NCLT under a cloud of spectrum-related uncertainty; a similar story (in working) caught our eye. Appears that Vodafone Idea Chairman Kumar Mangalam Birla is now trying to cut a deal with the PMO to negotiate a deferral for a payment of INR9,500cr that it owes the government in spectrum charges. (Tweet This)

Since loan write-offs and soft credit for farmers was clearly side-stepped in the recent Budget, it is perhaps only fair to take a similar stance for folks at the other end of the “spectrum”. Unless the government wishes to risk presenting a dichotomous narrative?

Furthermore, with PSUs (and RBI) being pushed towards higher dividend distributions, it would seem rather counter-intuitive to defer what is owed rather than push for what is granted. Well we’ve been surprised before…

Now to Today’s End of Day Wrap Up:


DISRUPTIONS

Zee Group Chairman Subhash Chandra gives personal guarantee to lenders. DHFL debt woes. India’s services PMI slips for second month. 

Lenders of Zee have entered a formal agreement with Chairman Subhash Chandra asking him to provide a personal guarantee for payment obligations on an “irrevocable and unconditional” basis.

Zee and its lenders had earlier entered an agreement to not sell off anymore pledged shares even if their value fell, providing Essel Group with adequate time to complete the strategic sale process of its key assets without any compromise on the value.

Living on the Edge: Dewan Housing Finance Corp. Ltd (DHFL) was recently downgraded by CARE Ratings and ICRA following a report by Cobrapost which accused it of siphoning funds through shell companies.

While DHFL and its holding company Wadhawan Global Capital have taken steps to prevent default on repayments by leveraging its cash holdings worth c. INR5,000cr, its stake in Aadhar Housing Finance Ltd and its asset management business, it is unlikely to go long without defaulting. Read this article to know why.

Against this backdrop, DHFL is looking for strategic partners which will trim promoter holdings in the company.

Also this: India’s services PMI for January fell to 52.2 in January vs. 53.2 in December.


AIRTEL

Moody’s downgrades Bharti Airtel to ‘junk’. 

Move to Trash?: Moody’s has downgraded the senior unsecured rating for Bharti Airtel as well as the backed senior unsecured notes issued by Bharti’s wholly owned subsidiary, Bharti Airtel Int’l (Netherlands) B.V to Ba1 from Baa3.

As per the agency, the downgrade reflects uncertainty as to whether or not the company’s profitability, cash flow situation and debt levels can improve sustainably and materially, given the competitive dynamics in the Indian telco market.


DEALS

IDBI may be re-christened as LIC IDBI Bank or LIC Bank.

The board of IDBI Bank Monday proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank following a 51% takeover by LIC in a INR21,624cr deal last month.

The Good Samaritan: The capital infusion by the insurer is expected to reduce IDBI’s losses, helping it exit the Prompt Corrective Action (PCA) framework by the second quarter of the next fiscal.

You’re Halfway There

TIMEOUT

#GetThinking

Can you name the companies represented by the following stock tickers?
F, S, C, K, V, M

(Answer at the end of the newsletter)


#ShareYourLink

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US

Donald Trump to nominate David Malpass as the next World Bank President. Bond King Bill Gross to retire.

David R. Malpass who currently serves as the Under Secretary of the Treasury for International Affairs is well-known for his criticism of the World Bank, especially over its lending to China and also has been an integral part of the US China trade talks. Know more about Malpass here.

Bond King Retires: Bill Gross, co-founder of PIMCO (the assessment management company US Federal Reserve tapped into for help to implement its program of emergency bond purchases in the financial crisis in 2008) is set to retire from Janus Henderson Group Plc.

Read more about bond market’s most influential investor here.


TECH

Alphabet shares sink on back of rising costs despite beating expectations in Q4 earnings. Slack files for direct listing. 

Alphabet reported a profit of $8.9bn in Q4. Revenue was up 22% at $39.3bn vs last year.  However, despite of beating analyst expectations, Google’s parent sank 3% in after-hours trading on back of rising costs.

Expenses rose to $31bn in Q4 vs $24bn in the same quarter an year ago.

Slack bypasses: After Spotify, Slack Technologies, the workplace instant-messaging and collaboration app backed by Softbank has filed confidential paperwork to go public through a direct listing, bypassing a traditional IPO.

Bonus: Sunday night’s Super Bowl reported record high streaming coverage but record low ratings. Read more here.


TIMEOUT ANSWER: F—Ford, S—Sprint, C—Citigroup, K—Kellogg, V—Visa, M—Macy’s


FINIS (If you found today’s Newsletter share-worthy…seriously…don’t hold back.)
Motivation

Global Entrepreneurship Grid Summit Pictures

https://www.facebook.com/pg/GlobalEntGrid/photos/?tab=album&album_id=312121919441029

I played the role of Panel Chairman and was appreciated.

This was a significant day for me personally as two of my Mentees won the GLOBAL ENTREPRENEUR OF THE YEAR AWARD in Education and Social Entrepreneurship today

Motivation

Let It Be Me – One of my most favorite songs.

Everly Brothers – Let It Be Me Lyrics – YouTube

Lyrics
I bless the day I found you
I want to stay around you
And so I beg you, let it be me
Don’t take this heaven from one
If you must cling to someone
Now and forever, let it be me
Each time we meet, love
I find complete love
Without your sweet love
what would life be?
So never leave me lonely
Tell me you love me only
And that you’ll always let it be me
Each time we meet, love
I find complete love
Without your sweet love
what would life be?
So never leave me lonely
Tell me you love me only
And that you’ll always let it be me
Songwriters: Gilbert Becaud / Pierre Delanoe / Manny Curtis
Let It Be Me lyrics © Universal Music Publishing Group
Artist: The Everly Brothers
Album: Reunion Concert
Released: 1989
Songwriter(s): Pierre Delanoë (lyrics); Gilbert Bécaud (music)
Genre: Rock

via Let It Be Me – Google Search

Motivation

Random fun morning Poetry: by Jay

You used your only tool

which was a hammer,

all problems started

looking like nails.

99 percent of lawyers (liars too)

give the rest a bad name.

Any amount of ( and I don’t know if it has a measure?)

Artificial intelligence

is no match for natural stupidity, 

I experienced in life 

Both mine and others.

The last thing I want to do is

never insult you.

But it IS on the list 

for different reasons.

I don’t have a solution,

but I do admire the problem.

I just went to my secret Tantra

Way to find my answers.

The only substitute for good manners

is fast reflexes and social media 

with fastest fingers.

Support bacteria –

they’re the only fog, fungi,

virus some people have,

They are so brain fucked! 

Letting the cat out of the bag

is a whole lot easier

then putting it back in,

some steps in life become irreversible.

Well, here I am!

What are your ‘

other two wishes?

Motivation

Random Phrases sometimes foretell and guide me when there is no mentor around.

  1. Tough It Out Meaning: To remain resillient even in hard times; enduring.
  2. Son of a Gunn Meaning: A person, usually one who is behaving badly.
  3. Fool’s Gold Meaning: Iron pyrities is a worthless mineral that resembles gold.
  4. Happy as a Clam Meaning: The state of being happy; feeling delighted.
  5. Plot Thickens – The Meaning: A situation that has gotten way more serious or interesting due to recent complexities or developments.
  6. Back To the Drawing Board Meaning: Starting over again on a new design from a previously failed attempt.
  7. Jumping the Gun Meaning: Something that occurs too early before preparations are ready. Starting too soon.
  8. Barking Up The Wrong Tree Meaning: To make a wrong assumption about something.
  9. Knock Your Socks Off Meaning: To be taken by surprise.
  10. Right Out of the Gate Meaning: Right from the beginning; to do something from the start.
Motivation

Jay’s Dilemma and his Tantra

When faced with a dilemma and after mulling over the issue, problem, cause – I sometimes go to :

  1. A Bible which is presented to me by a friend for random verses.

  2. A Gita which I possess since the time I was a kid.

1.हन्त ते कथयिष्यामि दिव्या ह्यात्मविभूतयः ।
प्राधान्यतः कुरुश्रेष्ठ नास्त्यन्तो विस्तरस्य मे ॥

भावार्थ : श्री भगवान बोले- हे कुरुश्रेष्ठ! अब मैं जो मेरी दिव्य विभूतियाँ हैं, उनको तेरे लिए प्रधानता से कहूँगा; क्योंकि मेरे विस्तार का अंत नहीं है॥19॥

“Now I will tell those who are my divine figures, primarily for you; Because my expansion is not the end.”

2.Exodus 39:20 Passage: 

Then they made two more gold rings and attached them to the bottom of the shoulder pieces on the front of the ephod, close to the seam just above the waistband of the ephod.

Usually, I go over them a number of times, relate them to my issue, problem, dilemma.

I find an answer, path, direction.

Motivation

ROK Movement – Random Acts of Kindness

  1. Share something interesting you’ve learned today
  2. Go out of your way to thank someone today!
  3. Make your voice count – sign a petition for a good cause
  4. Leave someone flowers anonymously
  5. Know someone who is not coping very well? Give them a call
  6. Go green – don’t waste paper
  7. We all love surprises! Buy someone an unexpected gift
  8. Help someone academically – lend them your study notes
  9. Help somebody with a chore they need done!
  10. Make amends with someone you may have wronged