February 29, 2016
WeBank, founded in late 2014, is the first private internet bank in China. Tencent owns a 30% stake in WeBank, while investment firms Baiyeyuan Investment (Not listed) and Liye Group (Not listed) each own 20%. The entity as a whole has registered capital of Rmb3 bn (US$482 mn). WeBank’s scope covers personal banking, corporate banking, and international banking.
In May 2015, WeBank launched its first product ‘Weilidai’, providing personal credit lines to users without the need for guarantee or collateral, Read more
February 20, 2016
The Indian Equity Market Meltdown has exposed some dirty Insider Trading by Promoters of Palred Technologies. Guess Reliance Industries’ CMD & Insider Trader Mukesh Ambani was their role model to look up to but Palred Technologies’ CMD got caught in the hands of SEBI and Mukesh has managed to keep the case subdued.
Ok. Palem Srikanth Reddy of Palred is a Crook as SEBI have caught him Red Handed in Insider Trading Scam but Why don’t we trust the over hyped media savvy Portfolio Management Guru – Porinju Veliyath of Equity Intelligence?
Porinju bought Palred Technologies on Read more