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Coming Soon-The new Spiderman movie
Author: Raoji
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Linkfest:11 April,2014
Some stuff I am reading today morning:
Bombay High Court asks Geodesic to deposit $162 Million (ET)
More branches no longer an attraction-Citibank’s Larsen (Mint)
Vodafone stake yields Piramal a mega payday (BS)
How Prathap Reddy became the Ambani of Healthcare (FirstBiz)
Get comfortable with looking stupid as an investor (ClearEyes)
Russia plays the ‘China Defense’ (Bloomberg)
Asset Allocation is brilliant (IrrelevantInvestor)
Pimco’s Bill Gross picks up the pieces (BusinessWeek)
Equity markets are manipulated (Subramoney)
Best travel insurance in India (BasuNivesh)
(Disclosure:I am market making in Ratnakar Bank)
RBL Bank, formerly known as Ratnakar Bank, today said it has raised Rs 328 crore from a group of global investors.
Besides the capital injection by institutional investors, the private lender may hit the market with public offering for shares in 9-12 months, said Rajeev Ahuja, Head of Strategy at RBL Bank.
The capital infusion was led by CDC Group and Asia Capital and Advisors. The bank’s existing investors, including International Finance Corporation (IFC), private sector funding arm of World bank, and Gaja Capital, also participated in this round. This is the third time the private lender has raised money in the last three years.
At present, the Bank has a total business size of over Rs. 21,000 crore and offers its services to over half a million customers. Ahuja said bank has grown business – deposits and advances – by over 40% in 2013-14 and expects to maintain same pace in 2014-15.-from Business Standard
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Howard Marks:Dare to be a great investor
[gview file=”https://alphaideas.in/wp-content/uploads/2014/04/Dare-to-Be-Great-II.pdf”]