17 Indian Companies have been recognized by the World Economic Forum as Global Growth Companies.
The companies are:
(Source:World Economic Forum)
(Disclosure:I am market making in the shares of RBL Bank)
RBL Bank, formerly known as Ratnakar Bank, plans to raise funds through an initial public offer which will hit the market in the next 8-9 months.
“We are preparing ourselves for the IPO and it may hit market in 8-9 months. It would not happen this fiscal but next calender year,” RBL Bank Managing Director Vishwavir Ahuja told PTI.
The quantum of offer has not been finalised by the board of the bank, he said, adding that the decision will be taken in the next few months after taking into account various factors including Basel III requirement.
The bank has been able to build scale and size in the last four years so that it gets right valuation, he said.
The capital is required for the next phase of operation as the bank has already done with transformation stage, he said, adding it has got high technology and risk management system.The bank services more than 6 lakh customers and has a total business size of over Rs 26,000 crore. As of September total deposits were Rs 12,000 crore while advances stood at Rs 14,000 crore.
The bank posted a net profit of Rs 87 crore for six months ended September 2014, while for the entire 2013-14 the profit stood at Rs 93 crore.
“So we have almost matched the net profit of the last fiscal in the first two quarters of the current financial year,” he said.-from ET
from the book 100 to 1 in the Stock Market
Pankaj Kapoor, MD, Liasas Foras, told dna that unaffordability is the main reason behind people choosing houses on rent. “Taking a house on rent is a better option than buying an expensive house and paying hefty EMIs,” he said. “In Kharghar, the cost of a 2BHK (1000sqft) is more than Rs1 crore. If you go for such a house, you will end up paying Rs1 lakh as EMI. But a house of the same size in the same area will be available on a monthly rental of Rs8,000-12,000. In the current property market scenario, it is better to take houses on rent.”
Kapoor said buying property is a good option if there is steady appreciation. “But now the property market is stagnant… so people will prefer to stay on rent than buy a house. Also, investors don’t want to park their money in property because of the stagnant market. They are asking developers to take the liquidity on interest. It shows the ground reality… investors are the first to understand the pulse of the market and any upcoming crisis. So, they have stopped buying the property in bulk as an investment.”
“In the rental market, developers have no role… They cannot inflate or influence the market. The rental market is transparent. Rentals have not gone up proportionately with the property market. Only those with a huge stash of black money are parking their wealth in the real estate,” Kapoor said
Kailash Patil, a property agent from Thane, said that people were only enquiring about houses. “In the past two months, I have hardly sold any flats. A couple of deals are in pipelines but the sale is still to happen,” he said.” “The property market has been gloomy for the past eight months. On the other hand, rental enquires have increased. Potential buyers say they would stay in rented houses till property rates come down.”-from DNA
Disclosure:I am market making in the shares of RBL Bank
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