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“In India, companies may fall sick, but promoters rarely do!”

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July 2008

Nirma disallowed to withdraw offer for Shree Rama Multi-tech

Today’s edition of Business Standard carries in a regular column “Without Contempt” an article by Somasekhar Sundaresan….he highlights the dilemma of an Acquirer,one he discloses he has represented,…in that it on one hand it can be accused of violating the Insider Trading Regulations(In non Hostile takeovers),which prohibits communication or counselling of unpublished price-sensitive information and on …

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Citizen Journalist on CNN-IBN covers Lloyds Finance Defaults

Just saw the Citizen Journalist Segment on CNN IBN…great idea to bring awareness on issues and reaching out to help those who need help….but they need to be careful…in one episode today they covered a retired Railway employee’s battle to get back his deposits from Lloyds Finance….the Cameras accompanied the employee to the office of …

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Pirated Edition of “The Polyester Prince”: The Rise of Dhirubhai Ambani

You’ll get the pirated edition of “The Polyester Prince “at the signals in South Mumbai…don’t pay more than Rs 100 Today’s Sunday Mid Day devotes a whole page to it…….The Book was written in 1998 by Hamish McDonald who in 1991 was appointed to run the India Country desk from New Delhi for “Far Eastern Econimc Review”. …

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Karachi Stock Exchange : Police and paramilitary Forces called in

Bloomberg , BBC and other media reported on Thursday,July 17,2008 that Police and Paramilitary Forces ringed the Karachi Stock Exchange a day after hundreds of Investors stoned the building and shouted anti government slogans as markets fell for the fiftteenth day in a row. In the worst losing streak in 18 years US $ 30 billion of …

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