Posted on

Weekend Mega Linkfest: 22 September, 2017

Some off beat reads for the weekend:

How Big Business got Brazil hooked onto junk food (NYTimes)

A 105 year old Japanese Doctor who studied longevity (Independent)

The Scotsman who knows India better than many of us (Rediff)

The College Try (California Sunday)

Escape from North Korea (SCMP)

Why nobody wants the Rohingya (Open)

The Left has turned on the Lady of Burma (Spectator)

The madness of Donald Trump (Matt Taibi)

The Professional fortunes of 2002 Godhra investigators (Caravan)

The ridiculous “Principles” of Ray Dalio (Charles)

History: How Sir M Visvesvaraya tamed Hyderabad’s floods (BI)

Travelogue: Bali (Team BHP)

Inside story of Cabinet reshuffle (Gossip Guru)

Food: Best dishes to try in Amritsar (Lonely Planet)

Toronto Diary (Outlook)

Posted on

Linkfest: September 22, 2017

Some stuff I am reading today morning:

Reliance Home Finance lists today (Quint)

The single biggest business opportunity (Anand Mahindra)

Tata Sons becomes a Pvt Company (Mint)

Bandhan Bank IPO to hit markets next fiscal (BL)

Bankruptcy Code being gamed (Debashis Basu)

Learning from Byjus (Forbes)

An Asian lesson for Sydney’s property bubble (Bloomberg)

Bet with Buffett, not against him (Barry)

The two sides of doing nothing (Forbes)

In search of competition (Seth Godin)

Posted on

Forget Buffett. Listen to Naik instead

Exactly one year back on 22 Sept,2016 , L&T Chairman A M Naik had said this:

“We made some changes in L&T Finance and it is now on track to growing return on equity. This will drive share prices more and it will cross Rs 100 in three-four months and Rs 150 by December next year ”

Now L&T Finance share price is now trading at all time highs at 213 Rs/share, comfortably beating the Chairman’s expectations.

Maybe the good folks at L&T don’t want to let their Chairman down.

So it’s interesting to hear what the esteemed Chairman has to say about L&T’s share price:

We have already touched Rs 1,70,000 crore worth of market cap. When I took over, it was Rs 2,500 crore, so now Rs 2,500 crore to Rs 1,20,000 crore is roughly 70 times what I told you and that to go to Rs 2,50,000 crore should not be difficult. I think we will be able to achieve that by 2021.