![Cairn India and Vedanta Merger Cairn India and Vedanta Merger](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLhDLqaOMV5DjbXkGpGtbdeEBlu3kS5oF_a7CFaOoqqzoTSDpSEfmCmHU3U8_QcYvfquI0YaHr3vbEqplOSm9L_PUzsqgxSresFXA9Lsps6orF3MCWGJqbwF0dKj9DQqcz6xZMKtl-zRs/s200/Cairn_India-Vedanta.jpg)
Wednesday, September 30, 2015
Can Cairn India and Vedanta Merger happen?
![Cairn India and Vedanta Merger Cairn India and Vedanta Merger](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLhDLqaOMV5DjbXkGpGtbdeEBlu3kS5oF_a7CFaOoqqzoTSDpSEfmCmHU3U8_QcYvfquI0YaHr3vbEqplOSm9L_PUzsqgxSresFXA9Lsps6orF3MCWGJqbwF0dKj9DQqcz6xZMKtl-zRs/s200/Cairn_India-Vedanta.jpg)
Saturday, September 26, 2015
Portfolio Update as on Sep 2015
Equity Portfolio Update after three & half months. Some minor adjustments done on existing shares and added a new name where huge value has emerged and has very favorable risk reward ratio. Please check the updated portfolio below to see all the changes:
Monday, September 21, 2015
Can IDBI bank be privatized?
IDBI Bank is governed under IDBI act which was amended in
1994 to allow 49% private ownership (as shown in the extract below taken from
June 2015 investor presentation). As per Memorandum of Articles of Associations
minimum govt shareholding in the IDBI Bank has to be 51% (As shown in the
second shapshot taken from the presentation). Use the link in brackets to open June 2015 investor's presentation ( http://www.idbi.com/pdf/investor/IDBI_Investor_Presentation_June_2015.pdf)
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Snapshot1: IDBI Bank History |
Tuesday, September 15, 2015
Personal Finance - The James Altucher Way
James Altucher challenges conventional thoughts at every step and compel readers to think and act differently. Here is his take on personal finance and why the terms itself is a big scam in his view.
I personally agree with him on most of the points and if you really want to get rich in your life his points need serious attention. Following is the link to his personal finance blog post:
Friday, September 4, 2015
LIC & Goldman Sachs backed Amtek Auto destroyed 80% of Investors Wealth in a Month
We all feel safe in stocks which are backed by strong Institutions and
get good sleep while owning them believing nothing too bad will happen there. We
assume that these institutions that pay huge salaries to hire best in class
research analysts have done thorough analysis before putting money into the
stock and we can safely follow them. Well in investing world nothing is safe
and especially in Stocks where all the analysis is on paper while the actual show is run by the management / promoter. While following Institutions is
relatively better than doing personal analysis (if you are not a very seasoned
analyst), following them blindly and committing all or major portion of your
capital to one single stock could bring you disaster.
Amtek Auto is one such example which is backed by some
renowned institutions such as LIC & Goldman Sachs. As on 30th
June 2015 LIC held more than 8.4 million shares while Goldman Sachs had 4.2
million shares of the company. Together Institutions held over 15% of the
company as on 30th June 2015.
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