Some stuff I am reading today morning:
10 stocks that jumped over 500% in 2015 (FE)
Narayana Hrudayalaya’s IPO sails through (BS)
How big should be an emergency fund be? (Morningstar)
Ambit:Watchword for markets is caution (MoneyControl)
The end of Basant Maheshwari’s Equity Desk Forum (RJ)
7 ways to earn tax free income (ET)
21 of the world’s most interesting charts (Bloomberg)
What money does to your character (TRB)
The Bear is coming (DR)
16 Mobile Theses (Ben Evans)
Private lender RBL Bank has raised Rs 488 crore via pre-IPO preferential placement to international investors Asian Development Bank, CDC Group Plc, family offices and long-only funds such as DVI Fund (Mauritius) Ltd and Rimco (Mauritius) Ltd.
The latest round of fundraising values the Kolhapur-headquartered bank, formerly known as the Ratnakar Bank Limited, at nearly Rs 6,500 crore. ADB has picked up 4.45% stake, making its maiden equity investment in RBL, while UK-based CDC Group, which had invested in the bank in 2014, will see its stake go up to 4.91% after the latest private placement.
The bank’s net total income in 2014-15 grew 59% toRs 960 crore from Rs 603 crore a year ago, while its net profit surged 124% to Rs 207 crore. Both advances and deposits grew 47% over that in the previous year, to Rs 14,450 crore and Rs 17,099 crore, respectively. At the end of the financial year, the bank’s gross and net non-performing assets stood at 0.77% and 0.27%, respectively. –from ET
Some stuff I am reading today morning:
Govt readies 2016 pipeline of PSU share sales (FE)
Narayana Hrudalaya’s IPO receives poor response (ET)
Why investors should ignore market events (VRO)
Future Uncertain ! (Prashanth)
Why we believe in HDFC Equity and HDFC Top 200 (Morningstar)
Are builders finding it tough to repay loans? (Mint)
3 Stocks Religare is bullish on (Moneycontrol)
5 Things young investors should do to save for retirement (Vanguard)
Avoiding forced irrationality (Common Sense)
Beware the recency pitfall (Swedroe)
Some off beat reads for the weekend:
I worry about Muslims (Mohammed Hanif)
Secrets of the Gujaratis,world’s best business people (Economist)
Why politicians play the ‘victim’ card (Jaggi)
How Rahul Gandhi lied about what happened in Assam (OpIndia)
How Mexico’s most vicious drug cartel was taken down (Atlantic)
The Islamist war on secular bloggers in Bangladesh (New Yorker)
Illegal in Iceland (Smithsonian)
My dad was Darth Vader (Jai Arjun)
Unpregnant (Globe & Mail)
Maruti Baleno:Official Review (Team BHP)
The great Greek Bank robbery (Yanis Varoufakis)
The $500 Million battle over Disney’s princesses (Bloomberg)
A startup called HealthAssure (YS)
Why India should honor Taslima Nasrin (India Facts)
Why American Jews eat Chinese food on Christmas (Atlantic)
It seems every time you hear the phrase "Boy Genius" in Wall St you should be thinking at the least "We shall see" and at the worst "Fraud"
— Barry Ritholtz (@ritholtz) December 17, 2015