Creditors of Lavasa Corp, India’s first private hill town project, have set new eligibility criteria for prospective bidders after a failed attempt earlier this year. They require a ₹100 crore net worth and a ₹25 lakh refundable deposit. Lenders are also considering appointing a new resolution professional and process advisor.
Smallcap momentum portfolio (29-09-2024)
@kuldeep_agarwal NSE notification attached.
ind_prs23082024.pdf (770.4 KB)
Banks look for a way out of UBO tangle (29-09-2024)
Banks in Mumbai are facing challenges with identifying ultimate beneficial owners (UBOs) of foreign investments due to varying disclosure rules across countries. This issue has been discussed among senior bankers, who believe India’s anti-money laundering laws should adapt to different international standards to ensure compliance and transparency.
Ranvir’s Portfolio (29-09-2024)
Sir one such risk in this company is they have fixed price contract, so RM volitility can hit their margins, please add other risk that you know, as i also like the business, but have no positions yet.
Credit cards bring experiences to woo the young and affluent (29-09-2024)
Credit and debit cards offering discounts on travel, experiences, and lifestyle are gaining popularity among affluent and young customers. Banks like Bank of Baroda, HDFC Bank, and HSBC are partnering with travel companies to provide exclusive offers. The trend is driven by rising demand for unique experiences and live events.
DCB Bank – Steady performer (29-09-2024)
Have been invested for some time and track on spare times. I don’t think we’ll get great ROE from this bank like we see in other private banks. Having said that, a very good possibility of consistent 12-13% ROE is highly possible in near future. The management’s comments of 14% ROE from 1% ROA doesn’t look feasible I feel. Future is obviously open. At this point of time, small ticket sizes of the loans, mostly doing collaterals and ability to recover slippages has been evident. Assuming company won’t grow like HDFC Bank during its younger days, at the same time, they can still grow at a reasonable rate, and I feel current valuations are very cheap for a company with steady growth and possibility of higher growth in the future.
Disc: Invested.
Rajeesh’s Portfolio (29-09-2024)
I think you should reduce number of stock.You have to spend lots of energy and time to manage this portfolio.You may choose your one best stock from one sector instead of buying two or more stocks from same sector.
Third Eye: BJP leader takes to Urdu, as irony would have it and, a tale and the twist (29-09-2024)
BJP’s Tarun Chugh has started issuing press releases in Urdu to aid local media during Jammu and Kashmir elections. Meanwhile, Karnataka CM Siddaramaiah faces a Lokayukta probe, an agency he had previously weakened. Additionally, a public spat between NCP leaders Ajit Pawar and another functionary took an interesting turn.
Mamata Banerjee accuses Centre of extending no help amid flood situation in the north Bengal (29-09-2024)
West Bengal Chief Minister Mamata Banerjee has criticized the Centre for not providing flood assistance to the state, particularly in North Bengal. She highlighted the alarming flood situation and blamed the Centre for inadequate maintenance of the Farakka barrage. Banerjee is inspecting affected areas and announced compensation for victims.