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Corporate Governance

Interim Budget announced today…confirms fears that this Pig of a growing fiscal deficit is getting hungrier!

Pranab Mukherjee,after 25 years,yet again announced our Interim Union Budget this morning….It was a fairly drab speech and clearly as general elections are fast approaching he lacked the mandate to announce big ticket reforms…..Nevertheless I was searching for some economic stimulus or some forward thinking on challenging issues…I was dissappointed….Our Political and Bureaucratic leaders simply …

Interim Budget announced today…confirms fears that this Pig of a growing fiscal deficit is getting hungrier! Read More »

Will Satyam Investigations deliberately reach a Dead End !?

I’ve been reading R Jagannathan’s Columns in the DNA more frequently than before…As Editor of DNA,he is fearlessly and without favour coming across strongly in his Opinions…..does not hesitate to pen them while calling a spade a spade…surely a big burden to bear in these vested times !  I’ve met R jagannathan in a professional capacity before …

Will Satyam Investigations deliberately reach a Dead End !? Read More »

IPL Cricket Auctions just concluded…Guess What !? M Mortaza of Bangladesh with a base price of US $ 50000,goes for US $ 600000 !

42 Players were up for auction in this Second Edition of the IPL Cricket T-20 in India….A lot of them were just not bid for As was expected,English players,Kevin Pietersen (Base Price of US $ 1.35 m) and Andrew Flintoff (Base Price of US $ 950K) were snapped up for a record US 1.55 Million apiece by Bangalore and …

IPL Cricket Auctions just concluded…Guess What !? M Mortaza of Bangladesh with a base price of US $ 50000,goes for US $ 600000 ! Read More »

Bank of America…Bubble ?…Bankrupt ?….Breaking Down ?….Going ? …Going?….Gone?

A year ago,USA’s biggest bank ,Bank of America quoted at US $ 43.Yesterday is sank below US $ 4  and recovered to close at US $4.84…down 66 % in January alone this year Market Cap has sunk below US $ 31 Billion…Bloomberg puts it rather tongue in cheek…One share of Bank of America will not even buy you …

Bank of America…Bubble ?…Bankrupt ?….Breaking Down ?….Going ? …Going?….Gone? Read More »

Firstsource Solutions declares Q3 Results…Mounting FX Translation Loss evaporating Reserves

Very Cleverly,as is also not mandatory,Firstsource Solutions has avoided stating the Reserves position for the Nine Months ended December 31,2008 in both their Consolidated and the Standalone Results Firstsource Solutions has a current Equity of Rs 428 crs and had Consolidated Reserves of Rs 313 crs and Standalone Reserves of Rs 201 crs as at March …

Firstsource Solutions declares Q3 Results…Mounting FX Translation Loss evaporating Reserves Read More »

Not surprised to hear shocking views of JR Varma on ‘Open Offer’ in context of Buy-out in this continuing Satyam Saga

I for one,was not surprised to hear the shocking views on revising the ‘ Open Offer’ Pricing guidelines of JR Varma…He is an ex-SEBI Member and had also headed their Corporate Governance Committee…..He is clearly building up the ground for the Government to direct SEBI to do exactly just this to facilitate Larsen Mr Varma,was quite …

Not surprised to hear shocking views of JR Varma on ‘Open Offer’ in context of Buy-out in this continuing Satyam Saga Read More »

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