“The balance sheets of all banks in 2012 are weaker than in 2008. The banking sector as a whole today is less liquid, less profitable, less stable, less sound and with poorer asset quality as compared with 2008 and the recent past”-Haseeb Drabu , former CEO, J&K Bank said in an article in Mint
Some stuff I am reading today morning:
HDFC Life posts a profit-IPO likely in FY2014 (Financial Express)
Riding a mega trend-Petronet to start third LNG terminal (Business Standard)
Realty Watch:Mumbai builders see no price cuts in FY2013 (MoneyControl)
Honeywell warns India is scaring away investors (WSJ)
Nifty stuck between 50 and 200 DMA (CapitalMind)
Inside Chesapeake, CEO ran 200 Million $ hedge fund (Reuters)
10 Reasons you should never own stocks again (Altucher)
An interesting discussion
“We stay away from places that have impossible governments and impossible tax regimes, which means Sayonara to India.”-David Bonderman, founding partner of TPG Capital said at a Milken Institute conference in Los Angeles on a panel of private equity investors
Some interesting morning reading:
Citi warns India of headwinds (FinancialExpress)
A full circle for Kishore Biyani (Mint)
10 Reasons not to subscribe to Samvardha Motherson IPO (FirstChoiceIPO)
Vanishing investors (SuchetaDalal)
Don’t sell in May this year (MarketBeat)
David Einhorn is doing all his management calls publicly now (DealBreaker)
Bollywood gossip of the week (RajeevMasand)