Here are the most clicked items on Alpha Ideas this week:
IDFC First: Near & Dear Test (AI)
Stanley Druckenmillers warns of US debt crisis (Bloomberg)
Half of America’s banks are insolvent (Telegraph)
There will be significant losses (Howard Marks)
Real Estate Outlook (AI)
Amazon is # 3 (AI)
The mysterious Indian giant of oil shipping (Money Life)
FPIs & Private Banks (AI)
GM Breweries: Repeat Karo (AI)
Tata Play files India’s first confidential IPO (Fortune)
Some off beat reads for the weekend:
IPL: A League of its own (Open)
Thread: Why Manipur is on fire (SS Jha)
Russia’s new vision for taking on the West (Crisis)
Iran regime change via Reza Pahlavi (TOI)
Syria-Turkiye talks depends on water (Cradle)
Its raining IMF in Suriname (Al Jazeera)
The SCO & Indian challenges (ORF)
Thread: The Fourth Laddu (The Liver Doc)
Billionaires shouldn’t exist (Jacobin)
Who are the Anglo-Indians? (Zocalo)
Thread: Hari Singh Nalwa (Sadaa Shree)
Chanakya on when the enemy is stronger (HUYF)
Thread: The incredible story of Touria Chaoui (David Zabinsky)
Drive: Char Dham Yatra (Team BHP)
Thread: Expressions of Love in Arabic (Bayt Al Fann)
Source: Financial Times
Electronics Mart India Ltd held a postal ballot seeking permission of shareholders to approve the variation in the objects of the IPO of the co.
Around 224 shareholders voted. 26 shareholders voted against the resolution.
Since # of shareholders who voted against the resolution were more than 10% of the total shareholders who voted, the company has to comulsorily make an exit offer to these dissenting shareholders.
The interesting thing is that the total no of shares held by these shareholders is only 2,483 shares…approx only 2L Rs !
Some stuff I am reading today morning:
ECB raises rates by 25 bps (BS)
Tata Play files India’s first confidential IPO (Fortune)
Challenges for Jio Financial (BT)
The mysterious Indian giant of oil shipping (Money Life)
Auto giants set their sights on India’s EV market (CNBC)
EV Ride Hailing startup Blu Smart now valued at $250 Million (MC)
ACKO & Lohum tieup for insurance of EV batteries (Saur Energy)
Startup: Skoodle (Forbes)
Second Axiom of investing (Anand Sridharan)
The Unified Content Business Model (Stratechery)