Some stuff I am reading today morning:
Reliance crashes (TOI)
Investors prepare for US election day (BS)
Tax amnesty plan can settle 1.2 Trillion rupees of tax claims (Mint)
India’s factory growth at decade high (Reuters)
What explains surge in GST collections? (BT)
The politics of money (Marc Rubinstein)
10 signs the bubble has already popped (David Einhorn)
What is a Tech company? (Stratechery)
The Flipkart story (Forbes)
The saga of Pramod Mittal (Money Life)
Capital Small Finance Bank is India’s First Small Finance Bank
It is a steady performer with a Advances CAGR of 34% and Deposits CAGR of 23%, over the last 4 years.Its CASA ratio is 37.7% and Net NPA is 1.25%
Its top ten shareholders include HDFC Life, ICICI Pru Life, SIDBI etc
The latest annual report can be obtained from here and the Corporate Video can be viewed here.
A very limited quantity of shares of Capital Small Finance Bank is on offer.
For those interested,please email me at Alpha Ideas.
Some stuff I am reading today morning:
Future Retail urges bourses to ignore Amazon letter (BS)
Aditya Puri joins Carlyle Group (Mint)
Anil Ambani group cos put on the block (CNBC)
Should you buy a home this festival season? (Vivek Kaul)
Resetting online commerce (Ben Evans)
What makes great companies great (Novel Investor)
The absurd simplicity of my own retirement process (Rivers Hedge)
Who owns the US stock market? (Irrelevant Investor)
Individuals Vs Institutions (SII)
Software is eating the Markets (Not Boring)
Here are the most clicked items on Alpha Ideas this week:
Aditya Puri: Not a single Rupee left behind (AI)
Trump will win next week (Jeff Gundlach)
2023 is the tipping point (AI)
Topping Out Indicator (AI)
PVR Cinemas: House Empty, Future Bleak (Manu Rishi Guptha)
What I learnt over 15 years of investing (Lalit Keshre)
India Fintech Disruption (AI)
Nitin Gadkari blasts NHAI (Nitin Gadkari)
How Jay Vijayan built the world’s newest unicorn (Forbes)
The rise of Reliance (Baillie Gifford)