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

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December 16, 2008

Russia continues to devalue the Rouble,deplete Fx Reserves to support it…a consequence of falling Oil Prices

An interesting news article in today’s Financial Express caught my eye….Russia’s Central bank devalued the Rouble for the second time in a week   As 2008 began,Russia was flexing it’s economic muscle  and being touted as the next big super earner from surging Oil Prices to US $ 145/barrel…It had already began licking it’s lips in …

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ADA Group Companies under ED Scanner for misuse of ECB/FCCB Funds: So What’s New ?

RNRL and Reliance Infrastructure,both Anil Ambani Group Companies have reacted sharply on headline news in the Economic Times that Enforcement Directorate are investigating the misuse of ECB/FCCB Funds in their UBS Bank Accounts in London. Click on the Link below to read the full story  http://epaper.timesofindia.com/Daily/skins/ET/navigator.asp?Daily=ETM&login=default  So what’s New ?….It is well known that it’s either …

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