“Today we will write the History of India”-Mukesh Ambani,Reliance 42nd AGM
Find it ironical that India’s biggest revolutionary is also its richest man.
College students should probably replace Che Guevara’s poster and replace it with this:
RBL Bank (formerly Ratnakar Bank) was the first scrip I started market making in.
The journey started a few years back and it turned out to be extra-ordinarily rewarding both personally for me and my fellow investors.
Hopefully,the Bank will continue to scale new heights of success and glory.
Salutations to the man who made it all possible…yes Sir,you deserve that Million Dollar Smile !
Today Idea Cellular soared by 8% on the basis of a news report by CNBC TV-18 that it is in merger talks with Vodafone.
Idea Cellular angrily denied the reports and I got the following message on Whats App:
IDEA DENIES MERGER/DEAL with VODAFONE
Regrettably, CNBC-TV18 have put out a wrongheaded baseless story stating that Idea is in talks with Vodafone on stake sale. This is absolutely untrue and preposterous. There is no such intent. We request you not to be swayed by such motivated feed. Do not lend any credence to it.
Thank you for your understanding and support.
Best regards,
Dr. (Mrs.) Pragnya Ram
Group Executive President – Corporate Communications & CSR
What is interesting is the use of the word “motivated”.
Since CNBC TV-18 is owned by the Reliance Group whose Reliance Jio launch is imminent,did the TV channel deliberately run a false story?
Or is it just a normal day’s job for the fine folks at CNBC ?
The public issue of RBL Bank opens between 19 August,2016-23 August, 2016 with a price band between 224-225 Rs/share.
RBL Bank has a very generous ESOP program which can issue Stock Options upto 12 % of the Bank’s Equity.
As such,employees are keenly awaiting the listing as it will convert many of them into multimillionaires
Some key employees who will be laughing all the way to the Bank (literally !) are:
| Name of Employee | # Of Options Granted | # Of Options Exercised | # Of Options Outstanding | Value (In Crores) |
| Vishwavir Ahuja | 5,252,900 | 3,021,670 | 2,231,230 | 118.19 |
| Rajeev Ahuja | 3,502,900 | 1,927,670 | 1,575,230 | 78.82 |
| Shanta Vallury | 1,271,900 | 753,130 | 518,770 | 28.62 |
| Naresh Karia | 1,028,400 | 553,730 | 474,670 | 23.14 |
| R Gurumurthy | 1,852,250 | 1,071,065 | 781,185 | 41.68 |
| Joginder Singh Rana | 970,650 | 790,895 | 179,755 | 21.84 |
| Andrew Gracias | 1,851,650 | 820,495 | 1,031,155 | 41.66 |
| Manoj Rawat | 802,150 | 297,425 | 504,725 | 18.05 |
| Satish Dhawan | 646,650 | 389,195 | 257,455 | 14.55 |
| Sandeep Thapliyal | 796,100 | 586,700 | 209,400 | 17.91 |
| Surinder Chawla | 886,100 | 484,200 | 401,900 | 19.94 |
| Sanjay Sharma | 426,100 | 189,200 | 236,900 | 9.59 |
| Harjeet Toor | 951,100 | 352,700 | 598,400 | 21.40 |
| Rana Vikram Anand | 750,000 | 381,300 | 368,700 | 16.88 |
| Sunny Uberai | 460,500 | 186,500 | 274,000 | 10.36 |
| Rajeev Dewal | 225,500 | 20,000 | 205,500 | 5.07 |
| Amareesh Gulati | 700,500 | 150,000 | 550,500 | 15.76 |
| Neeta Mukerji | 650,000 | 0 | 650,000 | 14.63 |
| Brijesh Mehra | 1,000,000 | 0 | 1,000,000 | 22.50 |
| Vinay Tripathi | 54,000 | 20,260 | 33,740 | 1.22 |
What were you doing when RBL Bank was recruiting?
The following excerpt from Warren Buffett’s latest letter to investors makes for fascinating reading:
“There is, however, one clear, present and enduring danger to Berkshire against which Charlie and I are powerless. That threat to Berkshire is also the major threat our citizenry faces: a “successful” (as defined by the aggressor) cyber, biological, nuclear or chemical attack on the United States. That is a risk Berkshire shares with all of American business.
The probability of such mass destruction in any given year is likely very small. It’s been more than 70 years since I delivered a Washington Post newspaper headlining the fact that the United States had dropped the first atomic bomb. Subsequently, we’ve had a few close calls but avoided catastrophic destruction. We can thank our government – and luck! – for this result.
Nevertheless, what’s a small probability in a short period approaches certainty in the longer run. (If there is only one chance in thirty of an event occurring in a given year, the likelihood of it occurring at least once in a century is 96.6%.) The added bad news is that there will forever be people and organizations and perhaps even nations that would like to inflict maximum damage on our country. Their means of doing so have increased exponentially during my lifetime. “Innovation” has its dark side.
There is no way for American corporations or their investors to shed this risk. If an event occurs in the U.S. that leads to mass devastation, the value of all equity investments will almost certainly be decimated.”
We are neighbors to a fanatical nuclear armed failed state Pakistan with whom we have fought 4 wars and continue to have unceasing hostilities on the LOC.
Are Indian equities eventually doomed due to this geo-political risk?