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Links

Linkfest:March 06,2014

Some stuff I am reading today morning:

This election could cost 18,000 Crores-all of it black money (FirstBiz)

Michael Dell,Pierre Omdiyar invest in Mumbai’s Intellegrow (FE)

Radico Khaitan:A further rerating? (BS)

Teaching children about money (Subramoney)

1000% returns under a year (Prashant)

An energy trend everyone can agree on (DailyReckoning)

The Relentless Bid-Explained (TRB)

You shouldn’t buy this stock at any price (TurnkeyAnalyst)

CNN IBN’s political conflict (MediaCrooks)

Carl Icahn finally finds the worst company in history (Dealbreaker)

Categories
RatnakarBank

RBL Bank(formerly Ratnakar Bank):Updates

Disclosure:I am market making in RBL Bank (formerly Ratnakar Bank)

The bank has put in a good performance in the last 6 months as shown in the table below:

 

Criteria As On 31 March,2013 As On 31 Dec,2013 Gain
Branches 125 149 19.20%
ATMs 184 292 58.70%
Advances(Crores) 6376 8287 29.97%
Deposits(Crores) 8341 9743 16.81%

 

RBL Bank is planning to issue 2.56 Crore Shares @ 135 Rs/Share on a preferential basis to the following investors:

  • Asia Capital Financial Opportunities Pte. Ltd.
  • CDC Group,UK
  • Gaja Trustee Company Pvt. Ltd.
  • GPE (India) Ltd.
  • International Finance Corporation
  • MCap India Fund Ltd.
  • Multiples Private Equity Fund
  • Multiples Private Equity  Fund I Limited
  • Norwest Venture Partners X FII-Mauritius

An EGM has been called on March 24,2014 in this regard.

Categories
Letters Realty

Another DLF Scam?

Categories
Tax Video

India Identifies 2 Million Potential Tax Avoiders

Categories
Links

Linkfest:March 05,2014

Some stuff I am reading today morning:

SC to Sahara Chief:”You told us to go to hell” (FE)

Sahara’s game is up (FirstPost)

What I learned (the hard way) about outsourcing (NYTimes)

Do airlines really slash ticket prices? (ET)

Yash Birla’s fate hangs on a prayer (Mint)

Interest rates of Post Office Schemes for 2014-15 (BasuNivesh)

Perils of unexpected recurring expenses (FreeFinCal)

Money Issues in Marriage (BeMoneyAware)

Hedge Fund genius isn’t really sold on hedge funds (Bloomberg)

Bill Gross:The Second Coming (Pimco)

The best investment strategy (NYTimes)