Source: VC Circle
Source: VC Circle
Author: Raoji
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Bad News,Good News
Analyst to wife: Good news.
Wife: What good news? You just got fired.
Analyst: Good news is that my bad news is discounted by now.— Samir Arora (@Iamsamirarora) September 2, 2016
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Linkfest: September 05,2016
Beautiful Day in Mumbai as it readies itself to welcome its isht-devata Ganapati Bappa.
Some stuff I am reading today morning:
Interview with Narendra Modi (Money Control)
PPF,EPF rates may get cut steeply (ET)
SREI Infra 10% NCDs (One Mint)
Is the Indian Equities market over valued? (Mint)
FPIs pumped in 7000 Crores in Indian Equities in Aug (BL)
Stock Review: TVS Tyres (Dr.Vijay Malik)
How to make ‘Pay yourself first’ work (Subramoney)
The elusive multi-bagger (Bala)
Cost of huge returns (Prashanth)
A bored investor is a dangerous thing (WSJ)
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Weekend Mega Linkfest: September 02,2016
Some off beat reads for the weekend:
How to legally own another person (Nassim Taleb)
The Mysore Sandal Soap turns 100 (IndiaCF)
The good,bad and ugly of Reliance Jio (Wire)
The “sharing economy” is dead (Fast Company)
Will Amazon kill Fedex? (BusinessWeek)
Life Lessons from Infosys’s Kris Gopalakrishnan (FF)
Yuja Wang and the art of performance (New Yorker)
The paradox of Syria’s civil war (NYTimes)
Why Nehru refused a permanent seat at the UN (Wire)
Driven:Jaguar F-Pace (TeamBHP)
Trek to the Valley of Flowers (TeamBHP)
Gossip:400 Laborers impressed by PM (Gossip Guru)
A Pakistani looks back on her time in India (BI)
Corrupt Kejriwal (Media Crooks)
This Mangalore College has absurd new rules (BuzzFeed)
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Pre IPO : ICICI Lombard
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.