A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Ambanis of Reliance have adopted this modus operandi without fail the past 25 years…They create new companies for similar business…and when they commence production,they amalgamate them into the Parent, RIL…in a sense give birth to Children and bring them back into the Parent fold So I was not surprised at all when the Breaking News hit that …
As of December 2008,the Central Electricity Authority (CEA) reports that India’s Power Generation Capacity is 147402.81 MW,up 8651 MW from 2007…India continues to reman a power deficit country…Current Deficit is 20000 MW NTPC,a leading PSU, is the biggest generator with 28333.99 MW from the Eleven Central Sector PSUs…It may be recalled that Reliance Power,in the Private …
India’s Power Generation capacity is 147403 MW…Deficit is 20000 MW Read More »
Just read a very interesting update on Maytas Properties in todays’ edition of Financial Express Maytas Properties is facing the prospects of the Government taking it over the Board,just as they did for Satyam The matter was being heard by the Company Law Board (CLB) and the company’s counsel suggested that the Government could appoint an observer …
Ernst & Young did Maytas Properties Valuation of Rs 6523 crs in just one Day !? Read More »
It’s been a hard time past few months for Corporates in their endeavour to raise Capital…Equity or Debt Safety has been a paramount concern with lenders with focus on ‘Return of Capital’ and not just ‘Return on Capital’ It was in this vacuum that Tata Capital launched it’s Non Convertible Debenture Issue offering yields of 12 …
Bill Gross,the legendary Bond Investor labelled Collaterised Debt Obligations or CDOs as Bank’s ‘Egregious Concoctions’ ‘Egregious’ is an adjective that means ‘Outstandingly Bad’ The CDOs and the Credit Default Swaps or CDSs are the Devils that are will devastatingly demonize the Financial World in 2009…Outstandings at over US $ 650 Trillion….yes Trillion !….are over Ten …
I like the way Shyam put it in his response to my budget blog yesterday…..”Poverty Alleviation in an election year Impoverishes the Nation “ Alright so we had a record 230 million tonnes of grain production ! Alright so the agriculture growth rate is a record over 4% ! But think !…when grain production is at …