Some stuff I am reading today morning:
FED hikes by 50 bps ( FED )
No lenders for Anil Agarwal’s semi-conductor factory (BS)
M&M to invest 10,000 Cr in EV plant (Fortune)
NTPC to sell stake in green energy business (MC)
Startup: Nao Spirits (Forbes)
How No.Broker.com changed Indian real estate (BI)
Interview with Kathleen McCarthy (Big Picture)
Some thoughts about Investing (Common Sense)
Why Competitive Advantages die (Morgan Housel)
Memo: Sea Change (Howard Marks)
Source: Exchange Filing of Bank of Baroda Ltd
Puzzling that Bank of Baroda choose to sell its decades old stake in Nainital Bank instead of merging this small bank with itself.
Some stuff I am reading today morning:
India, China clash near Arunachal Pradesh border (FE)
HDFC-HDFC Bank merger to shake India’s debt market (MC)
India to attract $10 Billion in green energy FDI in 2023 (BS)
LIC: Elephant learning to dance (Fortune)
Leena Nair at Chanel (Forbes)
Company: South West Pinnacle (BI)
On the Build-Your-Own-Index Boom (Advisor Hub)
Who says you can’t time the market? (Felder Report)
How much time to spend thinking about your own portfolio? (Buffett)
Consoles & Competition (Stratechery)
Source: Prospectus of Arihant Academy Ltd
Surprised to see that an Education co is raising funds for working capital requirements. Coaching centres are well known for their minimal need for working capital
As expected, there is 0 inventory and 0 trade receivables. But what is this other current liabilities?
Amusing to see that most of the other current liabilities is advance coaching fees !
