Elliott Capital’s letter to Cognizant, detailing how the latter can reinvent itself, has many lessons for its India-listed peers like TCS and Infosys, says Akash Prakash. IMAGE: From left, TCS CEO N Chandrasekaran, Wipro CEO Abidali Neemuchwala, and Infosys CEO Vishal Sikka. Spoilt by 20 years of a 25 per cent revenue compound annual growth rate, the Indian IT players may not have made the shift to understanding what will drive their share price returns from here ... Rediff.com, 2 months ago
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash. Illustration: Dominic Xavier/Rediff.com Probably the biggest decision for investors in 2017 is determining the direction of the US dollar. Even more than getting your call on interest rates right, predicting the direction and trajectory of the dollar will be critical for asset allocation. Entering the year, the currency ...Rediff.com, 3 weeks ago
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash. Illustration: Uttam Ghosh/Rediff.com. I must state upfront that I am an interested party in the tax debate highlighted in this article. The Central Board of Direct Taxes issued a clarification on December 23, 2016, laying out under what circumstances foreign portfolio investors are impacted by the indirect transfer provisions (effectively the ...Rediff.com, 1 month ago
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