It’s easy to be a long-term investor during a bull market. Everyone’s making money and it feels like you can do no wrong. It’s when things don’t go as planned that this group loses control.
Bernstein says as much in the book when he observes, “If you began your investing journey after 2009 or haven’t yet started, then you’re an investment virgin.”-from WealthOfCommonSense
(Disclosure:I am market making in the shares of Ratnakar Bank)
What were the things CDC was looking at when it picked up 4.8% stake in Ratnakar Bank in April?
We didn’t come into Ratnakar Bank for the momentum play, something which a foreign institutional investor would do. We are a DFI and not a pre-IPO investor. Ratnakar is deeply focused on financial inclusion, agri-lending and loans to the small and medium scale sector. These are high impact areas that create jobs. We are now working closely with the bank in all these areas.-from DNA
(Disclosure:I am market making in Ratnakar Bank)
Ratnakar Bank Ltd plans to launch an initial public offering of shares worth up to $250 million in the first quarter of next year, three sources directly involved in the process said on Tuesday.
Ratnakar Bank will issue new shares and some of the private equity investors will pare their holding in the share sale, said the sources, who declined to be named as they were not authorised to speak to the media ahead of a public announcement.
A Ratnakar Bank spokeswoman did not immediately comment.
The lender will hire at least four banks to manage the public offering within a week, two of the sources said. At least 10 banks are in the race to win the mandate for the IPO process, they said.-from BS
After receiving constant complaints of flesh trade, the social service branch of Mumbai Police raided a flat in Andheri. At least 3 people including 2 girls were arrested from the flat.
The flat belongs to former police commissioner and BJP MP Satyapal Singh.The society which was raided on Saturday night consisted of flats of many eminent police officers. Also, the police team has recovered the electricity bill from the flat in the name of Satyapal Singh. The same name is mentioned on the board of the society.According to information, the flat has been provided on rent to a company. The arrested person works for the same company.
Satyapal Singh, the owner of the flat said that he had given the flat on rent to India Bulls Company and that he is not responsible for unethical acts going on in the flat.-from DailyBhaskar