Just finished attending @AxisBank results call. Only community more spineless than business media is the analyst community. Not a single question on accountability of mgt for the huge Rs 21.9 bn loss. Fortunately, none of them said the usual "congrats for excellent results"
— Hemindra Hazari (@HemindraHazari) April 26, 2018
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Linkfest: 27 April, 2018
Some stuff I am reading today morning:
Domino India’s cheese controversy intensifies (Forbes)
Axis Bank posts first ever quarterly loss (ET)
CBI books C Sivasankaran, IDBI Bank officials (MC)
Property prices fall by 7% in 9 cities in Jan-March (Mint)
Sunil Mittal’s fight to the finish (Quint)
Updating investing beliefs after a 100% loss (Charlieton)
A spotters guide to bull corrections and bear markets (Morgan Stanley)
Investors on higher floors take more risks (Market Watch)
Learning from Jamie Dimon (Masters Invest)
What are you saving and investing for? (Financial Samurai)
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Godha Carbon : Only 71% of revenues
Source: DRHP filings of Godha Carbon
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Liquidation Vs Liquidity
Companies ~ liquidation
Promoters ~ liquidUntil there is compulsory forensic audit of all NCLT cases, this corporate saga will continue.
— Harsh Goenka (@hvgoenka) April 26, 2018
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Selfie Investors
A new variety of investor species getting created: SELFIE investors
They pose selfies with seasoned investors and become baba saying: when I met ABC, we discussed XYZ
— Nakul (@nakul_sarda) April 26, 2018