I think the article(interview) above has some factual errors regarding FY15 topline. The revenue split for FY15 as per AR is (Granite - 183Cr, Quartz - 135.73Cr, Apparel - 7Cr). From the above interview I understand that FY16 split would be(Granite - 200Cr, Quartz - 200Cr, Apparel - 7Cr). So growth YoY would be (Granite - 9.74%, Quartz - 47.4%, Apparel - 0%). I am assuming Apparel would remain the same as last year. I hope I am reading the data correctly or am I missing something?

PSU banks will not perform like their private sector counterparts for many evident reasons. But that doesn't make them a complete no for investment. SBI is the proxy for Indian economy (sure you've heard this many a times).

The Govt of India controls the managements of the PSBs in almost all the aspects. From the calls made by Secretary, DFS to LIC & treasury heads to subscribe to failed FPOs and to ensure support for the various social initiatives of Modi Sarkar. These social programs involve additional costs and no private sector bank does what these PSBs do. Just take a look at the rural/urban branch ratio of private sector banks and you'll see what I'm referring to.

The private sector banks earn a considerable amount of fee from the (mis)selling of products (insurance/derivatives). If you follow some banking news, there have been news of how even some corrupt PSB employees have debited customer accounts for selling insurance without their consent and earned lakhs as incentive.

We could talk a lot about how they go about doing their day to day business. Coming to investment worth of the PSU banks, there will be more competition from the Payment Banks & the new licensees. If you have a realistic expectation of returns with a holding capacity, you can find value in select PSBs. Else you can try find the next multi-bagger and deploy your capital there.

Despite all the noise around the dividend payout, look at the QIB investors who have queued up. Many of them with stakes in similar international LCCs. Only the Retail & Employee portion went unsubscribed. The dividend payout by emptying the coffers isn't reflective of good governance but the owners are confident of the ability of the management and the business to generate free cash flows QoQ & YoY. In an environment like India, where an airline managed to be profitable for 7 years, with hopes that the business environment will only get better and ATF prices trending lower and the imminent addition of Airbus A320neo planes to fleet will only lead to more efficient operations. The retail lot have been put out by the "avoid" ratings by brokers with the short view of no expected listing gains because the issue is richly priced.

I had shares from Jet Airways' IPO and sold it after a while. Have applied yet again, lets see.

Ever wonder why that is only out after the Wells Fargo paranoid report? It is just a case of American paranoia with the Middle East (Dubai in this case). If there's an audience there which Eros caters to, there shouldn't be a problem. Right? And the fall on NYSE was underway before the report came out.