A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Saw Hemendra Kothari come on NDTV Profit today and confirm that he has sold the remaining 10% he held in DSPML to Bank of America….Some Years ago he had sold 40% to ML for US $ 500 Million…he refused to disclose at what price he sold this 10%,saying it’s an unlisted company….says he’s now 62 and …
Check this out on http://www.slate.com/id/2213936/ Yet being Bailed Out AIG, has got US President Obama boiling ,yet helpless…..It has received Billions in Bailouts to keep afloat…and yet has just declared Employee Bonus of US $ 165 Million…says it is a contractual obligation ! And guess what !…they think they need to give it ,otherwise this will disgruntle employees …
America continues it’s Absurdity…AIG declares an Employee Bonus of US $ 165 Million ! Read More »