Corporate Governance

India is the Biggest Banana Republic !…Surely Vodaphone and Ratan Tata would agree !

At the outset let me disclose that this Post has been provoked by Vodaphone….Our Government giving a Clarification with retrospective effect ,effectively overturning the Supreme Court order that agreed with Vodaphone  not being subject to Billion of Dollars of tax in India  and Ratan Tata…..he expressed his frustration that India is headed towards becoming a Banana Republic …..but …

India is the Biggest Banana Republic !…Surely Vodaphone and Ratan Tata would agree ! Read More »

Laundered by the Sensex and Nifty !…and Infosys !

This Invitation Board at a Dry Cleaners in Bangkok could well be put at the entrance of  BSE and NSE ! ” Drop Your Trousers Here For The Best Results ” Quick Service…Same Day Delivery….Promise to wipe you clean and get neatly ironed and laundered by our Sensex and Nifty !…or if you prefer exclusive one …

Laundered by the Sensex and Nifty !…and Infosys ! Read More »

“Why I Am Leaving Goldman Sachs”….Greg Smith,Executive Director and Head of Equity Derivatives Business in Europe,Middle East and Africa

Wall Street or Dalal Street…This egrerious culture and mindset of making money…anyhow….is the common factor  Goldman Sachs always remains in the news ~ and this time ,like again and again in recent years, for the wrong reasons “Why I Am Leaving Goldman Sachs”….Greg Smith,Executive Director and Head of Equity Derivatives Business in Europe,Middle East and …

“Why I Am Leaving Goldman Sachs”….Greg Smith,Executive Director and Head of Equity Derivatives Business in Europe,Middle East and Africa Read More »

ONGC 5% Stake Disinvestment ~ Government’s ‘On The Road’ Campaign with LIC the Sole Listener !

ONGC 5% Stake Disinvestment ~ Government’s ‘On The Road’ Campaign with LIC the Sole Listener ! The Congress led UPA Government had announced a Disinvestment target of Rs 40000 crs in the FY 12 Union Budget…..It simply was a Non Starter Now with the Union Budget Address scheduled for March 16,2012,the government hurriedly ordered a …

ONGC 5% Stake Disinvestment ~ Government’s ‘On The Road’ Campaign with LIC the Sole Listener ! Read More »

Tch ! Tch! Sterlite merges into Sesa to create Sesa Sterlite and then Vedanta Aluminium and Madras Aluminium merge into Sesa Sterlite !…This was Vedanta’s Anil Agarwal’s Plan all along !

Tch ! Tch! Sterlite merges into Sesa to create Sesa Sterlite…and then Vedanta Aluminiuma nd Madras Aluminium merge into Sesa Sterlite  !…This was Vedanta’s Anil Agarwal’s Plan all along ! http://www.bseindia.com/stockinfo/anndet.aspx?newsid=31c0c994-76b9-40b0-b0aa-ff7915cf7876 On August 17,2010 I had voiced serious concern when Vedanta involved cash rich Sesa Goa to invest in the takeover of Cairn Sesa Goa …

Tch ! Tch! Sterlite merges into Sesa to create Sesa Sterlite and then Vedanta Aluminium and Madras Aluminium merge into Sesa Sterlite !…This was Vedanta’s Anil Agarwal’s Plan all along ! Read More »

MCX IPO in the Price Band of Rs 860 to Rs 1032…Any Gains on Listing ?…is MCX a Long Term Wealth Creator ?

MCX IPO in the Price Band of Rs 860 to Rs 1032…The Issue closes tomorrow and has already been oversubscribed today Interestingly,and I’m sure it’s just a coincidence and not deliberate that the MCX IPO is being handled by Morgan,Citi and Edelweiss…Got it !? ….MCX and MC(E)X ! So should you Apply ?…You will not …

MCX IPO in the Price Band of Rs 860 to Rs 1032…Any Gains on Listing ?…is MCX a Long Term Wealth Creator ? Read More »

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