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Defining the new YES Bank

November 9, 2009 at 8:05 pm · Filed under Banking, Branding, Global, India and tagged: , , , , , , , , , ,

Finally, the cat is out of the bag. 
Yes Bank albeit a little late or cautious, 
has decided to step into the Institutional market. It will be asking investors to pick up a $250m QIP stake to shore up its capital. In the meantime, as reported earlier, they have also put on hold their diversification and market development plans on the board for the last 2 years now as they get into some serious consolidation in its core banking business. They have a good sleeping brand and their recent cost cutting efforts would also bear fruit. However, their focus on SME business might change now as the current ticket size is very unremunerative for them. There was some recent murmur when Rabobank announced its plans to enter the country directly, but that is a non-starter since Yes Bank would not go for the stake sale by Rabobank without making sure the house is in order as a deeper recession is equally likely in the next 12 months.

Yes would need a little serious selling with big ticket business while continuing to present simple and generous options for retail and SME customers. Their non presence in asset management and broking would hardly raise any eyebrows as the business entirely survives on institutional volumes and even a Kotakstreet and a sharekhan are essentially struggling with their current “low” period.
I wonder how any bank with a brand like Yes can today crack open the expat market which has a few relatively unknown niche players ( Geojit, recently acquired by HSBC) It would need key leadership experience to realise a valid entry point. One option however, at the barest minimum requirement, is to go for a PSB or a local bank in UK and Australia or the Middle east. That requires capital but any other option leaves you with a performance like ICICI Bank which has managed only rep offices in all its overseas expansion and have not been able to generate the required trust without a retail presence on the ground, leaving the field seemingly open for players like ING and HSBC.
Regulatory level liaison with developed markets would sadly continue to maintain the respectable disconnect that exists as emerging markets can barely acknowledge their requirements of the day as they are seemingly extended to the rest of the world. It remains to be seen if that home brewn recipee of the Basel and BoE would ever land in some drifting current and be taken care of. A way must be found for India to spare the cash and show their value in the developed world and invest in these international markets before much more will come out to bear on market shares of all the players. This is not to belittle current efforts from either side but I didn’t see it on the agenda in these last few years at work. It is never too late to start?
The scrip remains a good buy in Indian exchanges and I look forward to even more QIP issuance from YES Bank.

Posted via email from The investment blog on Post

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The October rise in AUMs | Advantage zyaada

November 9, 2009 at 11:54 am · Filed under Uncategorized

The Data is courtesy the amfiindia.com site of AMFI

October turned out to be buoyant for the entire economy with retail and auto sectors reporting a 30% + uptick in sales and mutual funds also adding a neat INR 20000 Crores or $4.33 billion.

However individual fortunes were mixed as some fund houses managed to lose in Assets under management in the cracker season. UTI MF grew further by INR 3260 Crores or $720 million, and even Tata MF growing by INR 2500 Crores or $550 million. A small player like Kotak grew its corpus by INR 1350 Crores or $ 300 million. It is definitely a market whose time has come.

However Religare lost over 350 crores in AUM in the festive celebrations as it also withdrew from its AIG The newer giant Reliance at INR 116782 Crores also reported a reduction of INR 2000 crores and the growth is favoring the progressive biggies with a good corporate governance score. ICICI Prudential kept losing custom with markets withdrawing theuir favor after the recent turmoil in its ranks losing a miniscule but significant INR 400 crores, while its larger rival HDFC MF has taken its market share up to 12.23% growing to INR 93.300 Crores

The only other significant player in the Birla Sun Life MF grew rapidly by INR 2000 crores with the AUM of INR 65.500 crores reflecting a market share of 8.5% Ajay as head of the Financial Services business for the group has recently appeared in a a few network interviews to beef up these gains and reiterate BSL’s plan and vision in the upcoming wealth explosion in India. Fidelity MF remained between ICICI and HDFC in the rankings with INR 87000 crores or $19 billion.

Posted via web from The investment blog on Post

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Busy Season Credit Policy | Advantage zyaada

October 27, 2009 at 7:10 am · Filed under Uncategorized

I hate writing influencing stuff for these ‘namakool’ government people..a true laissez faire capitalist as bollywood would say today – but much as I like to disappoint wooden leg intelligentia (sorry Saugata, not you) and unfortunate colleagues who cannot see the depth and incisiveness of my decisions ( only some times, as most of my followers and poachers would attest from the last 15-20 years, i have quite some intellectual property when it comes to establishing the kingdom’s fine traits and setting up the next wins. 

Well, this introduction is probably embedded into my names and branding choices as also in the discussions I have created across all Advantage zyaada properties, and while everyone has decided that the worst is past and we have recovered, the stock markets have finally got the cue,albeit from continuing discussions of interest rate when none are necessary unless a bank offers a loan.

Some of my better endowed readers who are also leader of men would appreciate that it is always tough to appreciate the RBI or the FED if you are in the US and ‘get’ the inner depths of what is happening, what is doable, what is to be said and what is to be communicated to which stakeholders all at the same time..that is why probably Duvoori Rao had no qualms in handing over the tough job to the ‘center’ or in this case the Economic Advisory Committee and Mr Rangarajan.

Let’s not forget that the RBI is doing a good job yet. With the Aussies having raised interest rates, it might have tempted lesser mortals to go in for rate increases right away, but we have just decided to raise the eponymous SLR a full basis point as banks continue to sidestep economics and lenders in each breath. The most laudable and really India thought centric piece of the policy was the important 150% ramp up in the provisioning of real estate loans to 1% of LTV carried on the books. It is a good reminder to banks that the costs of idle money will go up on both the treasuries and cash they keep ( a huge 35% in most banks, more for Citi) when the statutory rates even now are just 30%. In fact costs will also go up on the RE portfolio they are so eager to cultivate by a good 70-80 basis points, after all the entire provisioning concept for banks is based on being able to sell their collateral in case of default :)

However, next quarter we are suddenly going to get a flurry of results which proclaim greater volumes, no one will talk of pricing constraints, FDI will flow smoothly and I might just get time to read Ranga’s economics to take this slow elephant further. And that is how sand castles are blown away and not made into glass, nor kept for posterity. A mixed metaphor, maybe? But it is clearer now that the RBI is just battling select ‘investor guarantee’ holding bank companies that have never advanced adequate resources ( neither people, nor journalists, nor the money) to India as they reinvent the new way to leverage their own and their host nations ( i almost sound socialist there, but i am laying out the real hidden map where I share economic prowess in predicting the next turn and getting done with the rest of influenza to focus on earning real moolah in a real job / business)

Coming back to the policy, it is a non starter, because it is a tired ramification of pending business like flowing credit and reforms undone by a crisis. The banks are prudent enough to lend only to profit making businesses and the governments are out of money to print at the mint, The government will continue to be the biggest borrowing program, the agrarians will suffer as rabi prices rics and production drops off,  the corporates will bide time as India’s holiday season is past though the stats are still due, and the RBI is not handling the fun, neither the EAC by admitting to any innovation. In my eyes, that will slow up this pack of hounds till ( probably just next week, probably just good news) some great FDI and energy releasing decisions come through.  The next RBI ride will last the six months it can raise rates, but finally we have to start signing some good deals and get business done. Simple innovations like co-opting banks in the policy making and making obvious your support of public sector banks with larger balance sheets have to be reflecive of the new media and the new pace of competition where everyone is now ready to drive home their point to their investors and their stakeholders.

Posted via web from The investment blog on Post

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MLB joins in with Twitter analytics

October 21, 2009 at 9:40 am · Filed under Branding, Social Media, sports and tagged: , , , , , ,

MLB.com just joined the social media revolution in a way that is still as obvious, but probably hasn’t found its way into public domain. The quetion is if sharing the brand with Twitter officially makes it business-friendly for the sport, ( or consumer brand and advertiser like P&G, Sprint ) In fact as one might feel to be important , does this spread of ‘co branded’ Twitter and MLB/NFL/IPL/NDTV/BofA count for more than the reputation management and the catching up?

Before we move on with the discussion, let’s give the @mashable it’s due

MLB.com Shows You How Twitter Reacts Inning-by-Inning to Playoff Games

With the MLB playoffs in full swing, it’s been hard to miss the chatter on Twitter during pivotal moments during games. MLB.com is now tracking all of that action, and compiling it in an interactive inning-by-inning timeline of each game that compiles Twitter buzz alongside video highlights.

The result is MLB’s “Pulse” feature which now accompanies the Wrap Up of each game. In addition to the graph for each team’s tweet volume and highlights, you can also see all of the tweets that MLB pulled in, so you can see specifically what people were saying at any point during the game.

Unfortunately, Pulse is only available after games, though the team that worked on the project tells me that real-time is in the works for next season. Nonetheless, during games, MLB.com has added a Twitterfeature to its GameDay view where you can both watch a pitch-by-pitch description of what’s happening, and also see all the tweets coming in about the game. There’s also an option to login and post your own updates.

One must first put some of the facts already in place. Twitter chatter has created its own distinctive brand and brand pull for the social maven, the sport and the consumer brand – as Steve Jobs might have once done to Microsoft, It’s hard to ignore. Twitter chatter is fun only real-time for the sports brands, NFL, IPL, NBA or F1 – you can set the watch by the tweets that come, for the game, the plays, the controversial moments or some real tweets as well! – The chatter dies away in twitter gloop soon after the last hit of the game..FACT!

The most important for marketers right now is to get into Twitter and stop getting shredded by opinion makers, twitterati and the cognoscenti or just common folk and similarly capitalize on the happy moments for the brand and the game. However, Twitter hasn’t sold the Healthcare bill to anyone. Twitter isn’t getting paid. None of the Twitter tools are. Lastly, I believe, in most cases above you can easily substitute Twitter for Facebook. Only that Facebook has advertising and Twitter has more content per second than you would ever think possible and you cannot ignore it! People love to ignore Facebook

Also important to remember, a lot of celebrity mistakes are already floating around. Bad spats in public domain, recorded in history

So, what does it mean? Well, for one thing the marketers seem to be doing it right. Only there are not enough of them. As usual I find only the Giants of the business game taking notice and spending bucks on Twitter. That is where we are and we are repeating the mistake we made last time as well. This is the crowdsourcing moments that need capturing, revolutions by the moment that can give tremendous leverage to the game.

There is beginning of the rudiments of policy for social media from the NFLs, IPLs and MLB. There is a lot of intelligent analysis real-time that makes my game day much more interactive and me more responsive to the word play and the brand fabric. There is the immediate impact on the brand’s visibility. There has to be now a commercial framework that does not overcharge the premium but also that sheds unresponsible engagement. It does not have to be a discouragement to new users, because any paying mode could be a big discouragement for millions of students, but apart from the crowd’s sway in making you add value there has to be a firm style from each sport brand that keeps tweeters that well tweet great and those that just ride. There has to be encouragement for the millions of listeners who are not there to ruffle any feathers but curious to read on twitter and see where the trend is for the game going on. And there has to be measurable incentive for brand owners and influencers to provide that culture.

Maybe we are the infomediaries of this Invisible Continent. But, maybe there is another revolution around the corner..The consumer’s ‘infrastructure’ requests have changed irrevocably, however.

Posted via email from The Marketing Post

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A leg of tweets …with IPL n between – Distraction or Brands?

October 15, 2009 at 8:09 am · Filed under Uncategorized

Barack Obama is learning testimonial marketing on the ground for healthcare, clunkers are away and superbowl is already 2/3rds sold with Red Sox and Cardinals falling away to give a sticky brand even with fat expenses for Yankees, Phillies and both the LA franchises ( Dodgers – NLCS and Angels – ALCS, for the newbies) In Asia, IPL has taken root, Champions League has shown the other Cricket brands in the Commonwealth and probably US has a couple of teams switching from Soccer to T20 Cricket this time :) Closer to where it hurts, Apple is redesigning Disney retail ( one last time?) IBM is riding god knows what hopscotch strategy, and Amazon and Walmart are getting ready for the holidays – some more would be shutting down this time in the face of retail discount wars…

Funding new infrastructure..a global imperative The new USA with new infrastructure « Obamanomics http://bit.ly/3kSJ2k about 3 hours ago from HootSuite 


Apple is not going to ruffle anyone as Windows 7 brings $MSFT back into the game (by the by, just to wake up your senses before dinner ..) about 5 hours ago from HootSuite  


Two-thirds of Superbowl AD inventory was sold/booked even before Week 1 of NFL..and there is six more months for the “new” network CBS about 6 hours ago from HootSuite

If the Chargers win today, they will likely meet the Blues for the next KITA motivation #clt20 about 20 hours ago from HootSuite 


Welcome @hotshotsin to the Advantage zyaada fold @zyakaira @zyaada 8:13 AM Oct 14th from web 


Gyancafe follows http://advantages.us/brands for updates on Sports Marketing, IPL and social media #clt20 7:48 AM Oct 14th from HootSuite 


By @zyakaira Cape Cobras meet Victoria Bushrangers in the Super League Kickoff #CLT20 Sad day for Wayamba and Sussex #clt20 7:48 AM Oct 14th from HootSuite 


By @boutred :ask for analysis CIT debt swap struggles, bankruptcy looms: NEW YORK (Reuters) – CIT .. http://bit.ly/9hApR @zyaada 7:47 AM Oct 14th from HootSuite 


Wonder how soon we can extend the IPL club brands to Cape Cobras and the Sydney Blues ( sponsor the SA/CA teams) #CLT20 #ipl

a selection of other tweets in the inbetween ( Advantage zyaada )

Dow 10K definitely took its time coming! G’night all about 13 hours ago from HootSuite Gas sales ( At pump) down 25% from last year ( US, September 2009) about 16 hours ago from HootSuite 


car sales dropped 10% in september “After Clunkers” shock, October shd indicate holiday season about 16 hours ago from HootSuite 


$GLD up above $107..can it cross $115? about 16 hours ago from HootSuite 


Why is $CI getting such a great buy rating? One can’t believe the industry’s whitepaper of all things! The fool’s in goop http://ow.ly/un4a about 16 hours ago from HootSuite

Will $GS follow $JPM into the emerging markets, and expand globally? $GS earnings could far exceed expectations of $4.24, JPM likewise about 18 hours ago from HootSuite

Sign here! RT @barackobama Health reform just took a huge step—but the insurance lobby is.. Urge Congress to pass reform: http://u.nu/6jhi3 about 19 hours ago from HootSuite

$JPM Treasury and Custody Portfolio of $16 trillion likely to grow along with fee services of investment bank.. Buy to USD 60-65 in 2009 about 19 hours ago from HootSuite

And after receiving the Nobel Peace Prize! RT @barackobama humbled. about 19 hours ago from HootSuite
$JPM reports restructuring with Jes Staley taking over as CEO at the $1.9 billion richer investment bank, Mary C Erdoes takes over at AMC
about 20 hours ago from HootSuite


$JPM reported a further $2 billion added to loan reserves and $3.7 billion in extra charge offs in retail, Credit card losses of $700 m about 20 hours ago from HootSuite

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Bidding for the Olympics – The new marketing gig

October 1, 2009 at 2:23 am · Filed under Branding, Global, sports and tagged: , , , , , , , , , , , ,

Borrowed from the Washington Post for good effect

zyaada notes: The Chicago, Rio and Tokyo competition (‘16 Olympics bid) is to be a secret ballot of 106 members of the IOC on October 2nd at Copenhagen

In the wake of a bribery scandal that caused the IOC to revamp its selection process 10 years ago, IOC members are no longer allowed to visit the bidding cities. Each instead receives a dense technical report on all of the bids, which seems decidedly overshadowed by the big-picture geopolitical issues in play when the election takes place, and what occurs in hotel ballrooms and on red carpets in the days leading up to the vote.

Added Mallon: “The IOC sees itself in a more hallowed position than U.S. people do. . . . The IOC thinks heads of state should come and, if not beg, at least plead their case that their city should host the Olympic Games. If heads of state don’t do that now, I think the IOC is a little bit offended.”"If it’s anything like U.S. Congress, they’re not going to read it anyway,” Olympic historian Bill Mallon said. “If that’s the case, it really is very much, ‘Hey, the prime minister of Japan came; obviously they really want the Games, and the U.S. sent [Obama senior adviser] Valerie Jarrett — who the hell is that?’ It matters a lot” that President Obama decided to attend.

Before the Obama announcement, Chicago had said Jarrett, first lady Michelle Obama and Oprah Winfrey would campaign in Copenhagen with other dignitaries; Rio is sending soccer legend Pele, Olympic swimmer Cesar Cielo and President Luiz In?cio Lula da Silva. Tokyo has a prince, a princess and a prime minister. Madrid will roll out King Juan Carlos and Queen Sofia.

Does it really matter? London upset the heavily favored Paris for the 2012 Summer Games after then-Prime Minister Tony Blair and his wife, Cherie, showed up in Singapore, chatting up IOC members for hours.

“I’m convinced London would not have won if Tony and Cherie Blair had not gone out to Singapore,” Pound said.

Borrowed from the Washington Post for good effect

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Is NFL the most twitterised brand?

September 30, 2009 at 8:46 am · Filed under Social Media, Superbowl, sports and tagged: , , , , , ,

A lot of NFL gets on Twitter too. Apart from the fact that NFL Network has exclusive high quality coverage online with 100% video support and lots of fantasy games for the fans, most NFL players incl Chris Johnson are alive and ’speakalot’ on Twitter. Featured here is how one of the better known teams of the NFL, the New England Patriots have made a distinctive interactive app for Facebook..going into grapping the attention and mindshare of a 100 million odd users..it’s great to see something as entrenched as the NFL going out to bat with the invisible continent and get more touchdowns,! Fire away. (mixed metaphors!, maybe just the Dallas Cowboys losing their hold on the game after not making the playoffs)

Also, Superbowl, F1 and even IPL take a lot of Twitter space during the ‘active season’ window of a few hours alongwith NBA, Baseball and NASCAR showing the affinity of the new social media with sports and retail brands (‘pizza’)

Below is the news snippet of interest: New England Patriots Choose Facebook as Primary Social Media Hub You know how bands often tend to put more importance on their MySpace page than on their dot com website? Well, the New England Patriots are now doing something similar on Facebook. They’ve partnered with Buddy Media to create a new section of their Facebook page, dubbed the “Fan Zone“, where fans can check out a calendar of Patriots-related events, play a Fantasy Forecast game, test their Patriots knowledge in the Patriots Trivia Challenge, send virtual Patriots gifts to their friends and more. What’s interesting about this new initiative is the fact that none of this is available on the official Patriots website. True, some parts of the Facebook Fan Zone still link to that website, but for the most part, fans would do better to visit the Facebook page than the official, dot com page. As the importance of social media increases, I reckon that more and more big brands will put emphasis on their presence on social media platforms such as Facebook and Twitter instead on their official websites. Patriots’ Director of Interactive Media Fred Kirsch explains the move: “We really weren’t anywhere [before] as it relates to social media. We had to get into the game, and to have that kind of audience we have on Facebook, you can’t get that kind of immediate impact on [Patriots.com].” For more on this topic, check out this article: Is Social Media Making Corporate Websites Irrelevant? Tags: facebook, New England Patriots, social media via New England Patriots Choose Facebook as Primary Social Media Hub. via Is NFL the most twitterised brand?

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20 Tweets from Friday – Part Deux | zyakaira

September 18, 2009 at 4:50 pm · Filed under Uncategorized

  1. Rural Distrbn: Current FDI limits / Foreign Investment limits of 20% / 49% in DTH may go up to allow foreign media investors to catch upabout 6 hours ago from HootSuite
  2. Unitech Telenor has revised capital participation terms putting responsibility on Telenor to fund all expansion, ready with 8500 towers..about 6 hours ago from HootSuite
  3. New Islamic Bank Al Baraka to take off in Kerala based on Shariat principle of Bai al salam, distribution of profit and est of a social fundabout 7 hours ago from HootSuite
  4. China’s bear trend unlikely to be braked but may recover based on Emerging markets strength $EEM, $CICabout 7 hours ago from HootSuite
  5. More banks to join India Post in sales of the new pension funds (NPS) All pension money since 2004 has been routed to NPS for Govt employeesabout 7 hours ago from HootSuite
  6. Lot of investor cash is aching to come back into the markets, accelerating the rise in Emerging Markets $EEMabout 7 hours ago from HootSuite
  7. Reliance raising Cash in Rupees from a treasury sale, may make international expansion in energy fields more likely _TYY4about 7 hours ago from HootSuite
  8. Gold also crosses Rs 16000 in India ( per 10 gm) with $GLD ruing above 101 and $FXE inching to 1.50about 7 hours ago from HootSuite
  9. With Mutual Fund and Insurance loads and agency charges also banushed, the next 3 years should see a super normal rise in these productsabout 7 hours ago from HootSuite
  10. Rupee may rise to 46 by year end, continue rise till Q3 2010about 7 hours ago from HootSuite
  11. Similarily Global Forex reserves are up $441 billion (up 6.5%) to $7 trillion, buoyed by rise in Korean Won, Brazilian Real & India Rupeeabout 7 hours ago from HootSuite
  12. Similarily Global Forex reserves are up $441 billion (up 6.5%) to $7 trillion, bouyed by rise in Korean Won, Brazilian Real & India Rupeeabout 7 hours ago from HootSuite
  13. Foreign holdings of Indian bonds climbed 28 percent since March 31 to $6.4 billion, stock exchange data show http://ow.ly/pW1nabout 7 hours ago from HootSuite
  14. I have 3,571 tweets that show that Twitter isn’t for lunch anymorehttp://retwt.me/2S6f (via @Scobleizer) by @tweetmemeabout 8 hours ago from HootSuite
  15. Karnataka Prem League: #KPL Provident dent Belagavi Panthers hopes, Brigadiers second to B’lore Rural! games are worth watching not vettori!about 9 hours ago from HootSuite
  16. Can Atlanta make it 16-0 this season? #NFL #Falconsabout 9 hours ago from HootSuite
  17. #irreverentfridays Irene Rosenfeld looking for fly-by strategy support http://ow.ly/pVveabout 9 hours ago from HootSuite
  18. By @EconomyFacts How To Stimulate Consumer Spending And Jumpstart The Economy http://cli.gs/j8esBabout 9 hours ago from HootSuite
  19. Signs of markets having peaked as emerging markets and midcaps continue to outperform, why not 20k next week itself?about 9 hours ago from HootSuite
  20. Citi sells Government stake of 34% « Obamanomicshttp://bit.ly/ORZ0Oabout 9 hours ago spanspanspanspan

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Indian Market Tweets from Friday | zyaada

September 18, 2009 at 4:34 pm · Filed under Uncategorized

  1. From Marketwatch.com Dow up more than 50 points as U.S. stocks open Frida.. http://bit.ly/C53J4 :ask us to analyse24 minutes ago from twitterfeed
  2. Valuations too high http://post.ly/5WrLabout 1 hour ago from Posterous
  3. Indian PE deals, lousy skype fights ..just bad weather everywhere Valuations! Valuations! | The investment blog http://bit.ly/Tq2Ipabout 1 hour ago from Splitweet
  4. And to end the day of tweets, from the Sun Tsu of War ( from Gekko) when your enemy is stronger than you, don’t be afraid..to run awayabout 6 hours ago from HootSuite
  5. Hollywood: Wall Street 2 started filming this September, Can Will Smith be far behind  about 6 hours ago from HootSuite
  6. China farming Energy in the Mongolian desert. What took so much time!about 6 hours ago from HootSuite
  7. RIL losing a $100 million a month sales in KG basin, D6 but never produced more than 30 million cu m per day !!about 6 hours ago from HootSuite
  8. Bollywood: KKK2 star to ride sea bobs & skimpily clad Lara Dutta in ‘Blue’ Arindam Chaudhri’s Last Lear Mr Bachchan to keep anchor at Colorsabout 6 hours ago from HootSuite
  9. Mutual Fund investments in August fell 74% to add less than $700 million with banks staying away http://advantages.us/a/amit…about 6 hours ago from HootSuite
  10. BSNL, MTNL not to buy stake in Kuwaiti Telecom company Zain for an estimated $14 billion ( Rs 70000 Crores), twice their annual turnoverabout 6 hours ago from HootSuite
  11. US has 22.5 GW of installed capacity, India 14 GW (663 bn units in Jan 2008) Germany also upgrading lot of Powerabout 6 hours ago from HootSuite
  12. IDFC buying BP wind power in India for $135 m, UBS selling for $100m ( 1.35 times sales) and WNS likely sold to Intelenet for half the priceabout 6 hours ago from HootSuite
  13. Do oversubscriptions matter? OIL ipo 30 times , not going to list at premium either..what’s the hurry to invest?about 6 hours ago from HootSuite
  14. India’s NSE to introduce strategies trading in Futures and Options, combined with IRD, Commodities and Forex a lot of new stuff, thin volumeabout 6 hours ago from HootSuite
  15. Pipavav at Rs 55-60 gets $115 m for working capital and odds and ends, one Dry Dock, 50% orders to be renegotiated down! Don’t bother  about 6 hours ago from HootSuite
  16. Angel Broking (Picks outperforming 2009-10) says India’s chocolate market alone would be $500 million ( Livemint Sept 11)http://ow.ly/pW8Sabout 7 hours ago from HootSuite
  17. India key to Kraft bid ($KFT, $CBY) http://bit.ly/mKg0r Emerging markets make 40% of $CBY sales<a href="http://advantages.us/a/?VyNJQUJJ" title="Original Link: http://twitter.com/boutgreen/status/4075606130” rel=”bookmark” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>about 7 hours ago from <a href="http://advantages.us/a/?wZd_PoOT" title="Original Link: http://www.hootsuite.com/” rel=”nofollow” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>HootSuite
  18. SBI cnsolidating its other subsidiaries into the bank to focus on size, may start in London with a small acquisition<a href="http://advantages.us/a/?OFZ1tJyw" title="Original Link: http://twitter.com/boutgreen/status/4075559226” rel=”bookmark” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>about 7 hours ago from <a href="http://advantages.us/a/?wZd_PoOT" title="Original Link: http://www.hootsuite.com/” rel=”nofollow” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>HootSuite
  19. ICICI Bank heralds the market down turn every time in the last 6 months hyper growth.. Will SBI take off where ICICI left _TYY4<a href="http://advantages.us/a/?IibvcU41" title="Original Link: http://twitter.com/boutgreen/status/4075551452” rel=”bookmark” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>about 7 hours ago from <a href="http://advantages.us/a/?wZd_PoOT" title="Original Link: http://www.hootsuite.com/” rel=”nofollow” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>HootSuite
  20. Indian companies raised only $4.73 billion from ECBs, down 28% despite relaxation of upto $100m without approvals<a href="http://advantages.us/a/?RztPeBR8" title="Original Link: http://twitter.com/boutgreen/status/4075532949” rel=”bookmark” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>about 7 hours ago from <a href="http://advantages.us/a/?wZd_PoOT" title="Original Link: http://www.hootsuite.com/” rel=”nofollow” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>HootSuite
  21. Rural Distrbn: Current FDI limits / Foreign Investment limits of 20% / 49% in DTH may go up to allow foreign media investors to catch up<a href="http://advantages.us/a/?WqUH4W8J" title="Original Link: http://twitter.com/boutgreen/status/4075513472” rel=”bookmark” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>about 7 hours ago from <a href="http://advantages.us/a/?wZd_PoOT" title="Original Link: http://www.hootsuite.com/” rel=”nofollow” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>HootSuite
  22. Unitech Telenor has revised capital participation terms putting responsibility on Telenor to fund all expansion, ready with 8500 towers..<a href="http://advantages.us/a/?pbi8UovF" title="Original Link: http://twitter.com/boutgreen/status/4075476728” rel=”bookmark” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: none; color: rgb(153, 153, 153);”>spanspanspanspan

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Valuations too high

September 18, 2009 at 2:58 pm · Filed under Uncategorized

Three sales canceled, carried over, increased stakes and quick QIPs instead of IPOs, no one’s playing to the basement anymore..Wanted to sell, couldn’t get my price so bought some more. Whacky, emulating personal shopping habits of people more than corporate board tussles of the 1990s.
KKR now owns 80% of Aricent (79), WNS will still have Warburg and Axis bank is happy with $720 million where it could have easily absorbed another tranche of the same amount. And this is in the faster growing market of India that we have these white elephants.
In fact the 2007 majority view of these all private equity investments and tinny tiny private sector banks being as unproductive as the public sector white elephants may still be true. However, all these three companies should have spiffy new management in place soon.
<a href="http://advantages.us/a/?NaO_vGcc" title="Original Link: http://rs6.net/tn.jsp?et=1102714697699&s=13990&e=0013V7pnY567XXFVcnRKlHV4iVpnH_MZjesyAk9DruzSWskxV5R4PrlTcKo9nGEYlmyMZpheDKD2jD01UljiU9aoSiQPbnkGqg8gpPUQtU_jONc87GqlwWv08M4yRB9K89WkODPEREkLKA9IDO1d-rfygGlZr7NwxeqTXHSIy0yA-vODRLNWVO0EER3M4PpLty9V5sVDO8s8AtaKkHx72Ps4Q==” target=”_blank” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: underline;”>KKR, CPP Investment Buy Flextronics’ Pie In Aricent For $255M
- TEAM VCC
Global private equity biggie Kohlberg Kravis Roberts & Co. has increased its investment in Aricent, following the completion of an agreement between KKR and CPP Investment Board with Flextronics to purchase certain securities. The transaction, valued at $255 million, closed on September 16, 2009.
<a href="http://advantages.us/a/?MB0qkGIH" title="Original Link: http://rs6.net/tn.jsp?et=1102714697699&s=13990&e=0013V7pnY567XUVvlDhZ2HAsW60dLjLjdWMXZh8KFcqzpNeHS7hXD_ysNd97V6sblpYsQfWQABL9qBIgG7r_CoyDdeRXEU_ZwKI6sgyU-RL__wrzcUCma3CApPLuHrWU4LwprhLjhOjzF7Nxu2Wez-C9Z-rE5lwJjdklfAfDDYsVlfAHnZW-0v9eQ==” target=”_blank” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: underline;”>WNS Halts Talks On Majority Stake Sale
- MADHAV A CHANCHANI
Outsourcing firm WNS (Holdings) Ltd has said that it will not pursue any further talks regarding the sale of majoity stake in the firm. Private equity major Warburg Pincus, which holds over 50% stake in the NYSE-listed firm, had put its stake on the block and was in discussion with other PE players and outsourcing firms.
<a href="http://advantages.us/a/?F6vT2SQg" title="Original Link: http://rs6.net/tn.jsp?et=1102714697699&s=13990&e=0013V7pnY567XXi7_9TFZ9mBNWNBKqWEY9UdtJOCZiPsCD0gFCRouLnS-TAoHXBL74WT7UE2hv10Vi90Hj01z-5jqgrCkhdX5nntzyGHhWTIYkejCyNjwOyt8xyrhgRUu8pc7t1nctcPpYUq3-M9EOLtoel0BkwT7mSDXTp5ZUCroVRxP3dTA7SNA==” target=”_blank” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: underline;”>Axis Bank Raises $720 Mn Via QIP, GDR
- MADHAV A CHANCHANI
The Indian QIP party, which kicked off with the real estate sector, has now assumed a diverse flavour. Private sector lender Axis Bank has raised $720 million throught its QIP (qualified institutional placement) and GDR (global depository reciepts) issue.

via
via <a href="http://advantages.us/a/?QKYwlXJV" title="Original Link: http://www.vccircle.com/500/news/kkr-cpp-investment-buy-flextronics-pie-in-aricent-for-255m” style=”margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; text-decoration: underline;”>VC Circle

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