Some stuff I am reading today morning:
Govt buries EPF tax (BS)
Govt to divest 5% stake in Container Corp (Mint)
IRFC 7.64% Tax Free Bonds (One Mint)
JP Associates fails to pay interest (FE)
Congress can block legislation only till July 2016 (ET)
Legislative risk in PPF (Subramoney)
Shame on the banks who lent to Mallya (Gaurav)
ICICI Direct Research:Top Stock Picks (RJ)
Ranbaxy Whistle-blower takes on ‘Made in India’ (Bloomberg)
Bottom Fishing and new Bull Markets (Common Sense)
ICICI Lombard is India’s largest private player in the general insurance space (auto,health,travel etc)
The Annual Reports of the Company can be obtained from here and the latest disclosures from the company can be obtained from here.
Fairfax recently bought a stake in the Company valuing the Company at 17,225 Crores or around 390 Rs/share
A limited quantity of its shares are on offer for sale at a significant discount to this valuation.Kindly note that you need a NSDL demat account to avail this offer.
For those interested,please email me at Alpha Ideas.
China stock-market value.
June, 2015: $10 trillion
Feb, 2016: $5.7 trillion— ian bremmer (@ianbremmer) March 7, 2016
Some stuff I am reading today morning:
27 PSU Banks may be merged into just 6 (HT)
IPOs back in vogue (Mint)
12 and 24 P/E ratio for Indian markets (Stable Investor)
Sovereign Gold Bond Scheme-March Issue (OneMint)
HUDCO 7.69% Tax Free Bond (Apna Plan)
Stock Analysis:Torrent Pharma (Dr.Vijay Malik)
Finance and the treachery within (Prashanth)
So you want alpha? (Subramoney)
Counting cranes in Mumbai (Bloomberg)
Berkshire:Come for the returns,stay for the philosophy (IA)