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Interesting News Sightings

Joke of the Day !…..Satyam has won several awards for Corporate Governance

1 Comment / Chuckle !, Controversies, Information Technology, Infrastructure, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS / By

JOKE OF THE DAY Satyam has won the Golden Peacock Global Award for Excellence in Corporate Governance for 2008…..This award was given recently on September 23, 2008 Relations Global Rankings (IRGR) rated Satyam as the company with Best Corporate Governance Practices for 2006 and 2007. It also won the Golden Peacock Award for Excellence in Corporate Governance …

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Satyam becomes Asatyam as Founder Ramalinga becomes Ravana !

5 Comments / Controversies, Information Technology, Infrastructure, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

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 …

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Russia continues to devalue the Rouble,deplete Fx Reserves to support it…a consequence of falling Oil Prices

1 Comment / Controversies, Diamond, Economy, Interesting News Sightings, Reflections / By

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 …

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ADA Group Companies under ED Scanner for misuse of ECB/FCCB Funds: So What’s New ?

1 Comment / ADAG Companies, Controversies, Foreign Institutional Investors, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, SEBI / By

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 …

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What’s the Difference between ‘MILITANT’ and ‘TERRORIST’ ?…BBC needs a Brain Transplant!

Leave a Comment / Chuckle !, Controversies, Interesting News Sightings, Reflections / By

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 »

Dow should Dive below 8000 today as Auto Bail-Out Plan fails to pass Senate

Leave a Comment / Automobiles, Controversies, Economy, Interesting News Sightings, INVESTOR MISTAKES, Reflections, STOCKS, VALUATION / By

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 …

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