IDBI has raised Rs 4,408 crore in FY18 by selling stakes in its subsidiaries. In addition, the bank got Rs 12,865 crore through recapitalisation bonds (Rs 7,881 crore, govt hiked stake to 85.96 percent at Rs 71.8 per share) and capital infusion from LIC and the central government. After the capital infusion, the capital adequacy ratio (the capital as a percentage of risk- weighted assets of the bank) would be close to 14 percent on FY18 numbers. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?
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What is bothering USA?The rhetoric on China is important for Trump in the run up to the November 2018 mid-term election to tout his ‘economic nationalism’ strategy. Trump’s hyperbole and bombast, designed for his domestic political base, will continue while his negotiators try to work out the China-US trade changes. It is unlikely Trump wants a China trade deal before the November polls. There’s more political traction for him in publicly bashing China on trade up to the elections. … [Read more...] about COMMENT-The US-China trade war has no winners, and markets will have to live with it
A leading business daily has reported that the promoters of Mindtree are considering selling their stake in the company to Japan's NEC Corp and a large global private equity fund. We think the deal, if concluded, will be positive for minority shareholders in the long term. In the short term, the stock price could be influenced by the price at which the deal happens. … [Read more...] about Mindtree: How should investors read into the possible change in control?
Talbot & Yoon Goober candlesA near half-decade after their conception, these little candle blobs still spark joy. Designed for the sheer purpose of emotional projection, Goober candles mean everything, but also nothing. But they’re sure to mean something to the lucky person you give them to this year. … [Read more...] about Give someone the gift of relaxation with these 11 wellness and self-care products