- Microfinance stocks such as Equitas and Ujjivan may be ripe for the plucking, having gained up to 90% since company listing. While most analysts are optimistic about this sector, expecting credit growth, others have taken a contra view and initiated shorts on Equitas as well as on Ujjivan Financial Services with target prices of Rs 142 and Rs 372, respectively. ET
- With Amazon cornering the Indian e-commerce market, it may be too late now for Alibaba, which is considering an Indian entry with the acquisition of ShopClues. Alibaba had initially considered Snapdeal before the Indian company hit a valuation wall and is struggling for growth. LiveMint
- Uber will allow Indian users to smaller cities to book a cab without installing its app, via a web app. The new feature has been introduced in cities including Kochi and Nagpur, and takes its battle with Ola to the smaller towns. BS
- Now that the Indian government has eased foreign investment in retailing, allowing 100% FDI in selling of processed food, Walmart is eyeing the market and may be serious about an entry. The entry of the giant would reshape the market while potentially bringing down food costs for customers. However, Walmart has been criticised elsewhere for low labour pay and long hours for workers. Firstpost
- Photo of the day: A man arranges the display in his stall, which is loaded with rakhi offerings for Rakshabandhan today. Reuters
