• OCTOBER 8, 2014

What ails India's iron ore industry?

Here is today's recommended reading list from Equitymaster...

Checklist for stock selection
The true potential of a company cannot be solely determined by financial numbers alone. The other qualitative aspects of a company should also be taken into account to identify value bargains. Philip Fisher presents an exhaustive checklist for stock selection. The importance of this checklist can be gauged from the fact that Warren Buffett has said that Philip Fisher is a man worth learning from. Read on to know more about this checklist. (Gurufocus)

Are low crude prices beneficial in the long run?
Falling crude prices have been a big relief for countries like India that have been battling a high current account deficit. However this is likely to strain the finances of shale companies that have been accumulating debt to fund the development of alternative energy fuels. Read on to know more... (Seekingalpha)

Are we trapped in a credit boom?
A credit boom in some part of the world is invariably followed by a crisis and a post-crisis malaise. This is because working out of debt is likely to generate a vicious circle from high debt to low growth and back to even higher debt. The author of the article discusses how the various developed economies are working towards coming out of the crisis and what are the effective steps in tackling the same. Read on to know more... (FinancialTimes)

What ails India's iron ore industry?
India's iron ore industry has been adversely impacted by high taxes on exports and freight charges. India is also planning to raise the royalty on iron ore from 10% to 15%. In addition there has been a slump in global iron ore prices. Read on to know more about the ills faced by the industry. (Reuters)

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