One timepass activity amongst finance professionals is to guess which companies will be selected for the banking license.
There are around 25 applicants for the license (see entire list here)
My bet is on the following companies:
Who do you think will get the banking license?
We found that over the past 10 years, large Indian corporates have allocated far more of their operating cash flow to acquisitions and capex than their peers in other large economies. In fact, over the past decade, BSE100 companies have actually spent more cash on acquisitions and capex than they have generated.
As a result, large Indian corporates have returned less cash to their shareholders than their peers in other large economies. This ultra-aggressive spending and reluctance to return cash to shareholders is extraordinary in a country where the cost of capital is the highest outside sub-Saharan Africa.-from ET
Hat Tip Travis Pavlik
Some stuff I am reading today morning:
Russia planned Wall Street Bear Raid (BBC)
Why Sensex churn matters to investors (ET)
Tata’s Cyrus Mistry plans 8 Billion $ push (Mint)
Interest rates may be peaking (FE)
Corporate Houses may not get bank licenses (BS)
Coming together over Modi (MediaCrooks)
Ben Graham’s Value Investing # Fama’s Factor Investing (25IQ)
Wealth Management of the Body Snatchers (Forbes)
Goldman Sach’s 7600 Nifty target is a load of bull (CapitalMind)
Value Investing-Sanjay Bakshi Way (SafalNiveshak)