A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Holding less than 10% of Satyam’s equity,Founder Chairman,B Ramalinga Raju,got a Board Resolution passed to buy out 51 % of the Equity in his Son’s Companies Maytas (Satyam spelled backwards !) Infrastructure and a 100% Stake in Maytas Properties for a whopping aggregate of US $ 1.6 Billion or nearly Rs 8000 crs ! As if …
Satyam becomes Asatyam as Founder Ramalinga becomes Ravana ! Read More »
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 …
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 …
ADA Group Companies under ED Scanner for misuse of ECB/FCCB Funds: So What’s New ? Read More »
This opinion by Farrukh Dhondy on BBC getting it all wrong in today’s edition of DNA got me to check out as to what exactly is the Difference between ‘MILITANT’ and ‘TERRORIST’…Ironically I have referred to the Oxford English Dictionary ‘MILITANT’ is an adjective that means ‘supporting a cause in a forceful and confrontational way’ ‘TERRORIST’ …
What’s the Difference between ‘MILITANT’ and ‘TERRORIST’ ?…BBC needs a Brain Transplant! Read More »
What’s Cooking ? Was hosting a top Citibanker ( on his way out), last night at a Club in South Mumbai and greeted the Vice chairman of an ADAG Company at the reception….later in the Night he was one of the citizen panelists on a TV Debate on a leading News Channel on the Recent Terrorism Strike in …
Bankruptcy is not an Option for General Motors….but there seems no other Option…..last Night the Senate failed to clear the Bail-out plan for Emergency Aid of US $ 14 billion to the three Auto Majors in USA….General Motors,Chrysler and Ford Dow closed at 8565 yesterday and is likely to dive below 8000 today….General Motors closed at US …
Dow should Dive below 8000 today as Auto Bail-Out Plan fails to pass Senate Read More »