On the day Raymond’s AGM was taking place, Gautam bhai had different things on his mind.
What do you think of the Street-Legal Lotus Exige Cup 380? pic.twitter.com/reXq9SmzBE
— Gautam Singhania (@SinghaniaGautam) June 5, 2017
On the day Raymond’s AGM was taking place, Gautam bhai had different things on his mind.
What do you think of the Street-Legal Lotus Exige Cup 380? pic.twitter.com/reXq9SmzBE
— Gautam Singhania (@SinghaniaGautam) June 5, 2017
Some stuff I am reading today morning:
ICICI Lombard IPO soon (BS)
GST brings Diwali earlier (ET)
SBI launches largest ever QIP (Mint)
Mumbai property prices plunge upto 40% (FE)
Raymond shareholders reject JK House proposal (Quint)
Case Study: Myth of early retirement (Jago Investor)
Free eBook on GST (Simple Tax)
What’s a trader to do in a choppy market? (Adam Grimes)
What do you know with a high degree of confidence in investing? (AR)
How I make money off trends (James Altucher)
(Disclaimer: The stocks mentioned in this post are for informational purpose only and not a recommendation to buy/sell)
Attended the second Sohn India Conference today.
The Conference opened with opening remarks by Nitin Saigal,Founder &CIO, Kora Management
He explained the format of the Conference:
The first speaker was Raamdeo Agarwal of Motilal Oswal:
The second speaker was Sunil Singhania of Reliance Mutual Fund
The third speaker was a doctor from the Tata Memorial Hospital
Here would like to take a time-out and request readers to help the cause of cancer cure by contributing to Tata Memorial
The fourth speaker was Shankar Sharma,from First Global
The fifth speaker was Saurabh Mukherjea of Ambit
The sixth speaker was Navneet Munot of SBI Mutual Fund
The seventh speaker was Aanand Chouhan, a 2nd Year student from IIM Bangalore
Next was a video clip by Jeff Gundlach of Doubleline:
This was followed by a tea break where I met the redoubtable Samir Arora. He was amused the Munot was recommending the sector he was short on !
The eighth speaker was Kenneth Andrade of Old Bridge Capital Management
The ninth speaker was Shashank Singh of Apax Partners
The tenth speaker was Hiren Ved of Alchemy Capital
The eleventh speaker was Ashwini Agarwal of Ashmore
The last speaker was Akash Prakash of Amansa
The conference ended by a video clip of Social Capital’s Chamath Palihapitiya who discussed Tesla and made a case for buying its convertibles.
Met Ramesh Damani on the way out. Was blown away by his charm and humility.He was kind enough to indulge our request of a selfie !
Source: Ajay Piramal’s interview
On NBFCs:
The next two to three years will be a golden period for NBFCs.
The Indian economy is growing at 7.5 to 8 per cent a year.
The financial space always grows 2.5 times to that of gross domestic product; so, the normal growth should be 20 per cent.
However, in the financial services space, the public sector has got 70 per cent share and is saddled with non-performing assets.
Also, some of the large private banks have large NPAs. Their attention is focused on solving that problem; it also means they do not have enough capital.
And, because of the past NPAs, their ability to take the risk to lend is reduced.
Hence, NBFCs will have a good run.
On RERA:
Because of it, I’m seeing that the marginal players are falling.
We only serve the top-tier customers. Those are the ones whose business will grow.
It is not that demand will come down, but 80 to 90 per cent of developers will have to shut down.
And the top 10 per cent will grow because they have to serve the market.
Some stuff I am reading today morning:
The rise and fall of NSE’s Ravi Narain (Santosh Nair)
Maharashtra waives 30,000 Crores loans for farmers (Quint)
Interview with Ajay Piramal (Rediff)
Shankar Sharma’s mantra to invest in Equity (ET)
Which of the two is the real India story? (Mulraj)
Why is there a grey market for IPOs in India? (Mostly Economics)
3 Indian companies working on clean technology (Forbes)
Top 7 best term insurance plans in India (My Investment Ideas)
India builds a new city from scratch (California Sunday)
Did someone cancel the Fintech revolution? (FinExtra)