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“In India, companies may fall sick, but promoters rarely do!”

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Interesting News Sightings

BBC Fined Stg Pounds 400000 for ‘faking’ Competition Winners !…It happens in India too!

Hey ! what do you know ! The British Broadcasting Watchdog has fined BBC for ‘faking’ competition winners…It seems in 2005/6 many radio shows on BBC ran live competitions inviting listeners to participate by calling in…However the winner was predecided and there was no chance of anycaller winning at all…many of the staff were positioned …

BBC Fined Stg Pounds 400000 for ‘faking’ Competition Winners !…It happens in India too! Read More »

4 ‘Cs’….Crime,Cinema,Cricket and Classifieds Dominate Print News Editions

We always knew the Printed News Editions really sold and survived on on the 4 ‘Cs’…Crime,Cinema,Cricket and Classifieds Twiddling a little Thumb late afternoon I thought I would check out todays Mid-day Afternoon Edition It’s in two sections…each has it’s Own Mid-day Mate…..Main Section has 28 pages and a rough estimate shows Six pages of Advertisments …

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RBI Announces Rate Hikes to Curb Inflation… It’s neither in Control of Inflation nor itself as Policy leaks ahead of Announcement ! !

Dr Y Venugopal Reddy, Governor, RBI, today presented the First Quarter Review of Annual Statement on Monetary Policy for the Year 2008-09 http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=18886 RBI has raised the repo rate by 0.5% to 9% and the Cash Reserve Ratio by 0.25% to 9% to curb Inlation This was inevitable with Inflation trying to cross 12%…. Expect …

RBI Announces Rate Hikes to Curb Inflation… It’s neither in Control of Inflation nor itself as Policy leaks ahead of Announcement ! ! Read More »

Ambani Brothers at loggerheads even before their Father Died in 2002

My eyes wandered to a headline in todays Economic Times that RAM JETHMALANI is to take on RIL. He will represent RNRL in their legal battle with RIL who is being represented by HARISH SALVE…..the dispute is that RIL is refusing to abide by an agreement of 2005 between the two Ambani Brothers ,when the Reliance Group was divided between the …

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Aliens Exist & Mayan Calendar predicts Doomsday on December 21,2012

Last two days I’ve been really fascinated by two news relays…..both were on matters that we humans have just no say or control on and evidence has been circumstantial at best…..”Aliens and UFOs” and “Doomsday Predictions” ALIENS EXIST ! The first was a stunning statement from the 77 year old American astronaut,Dr Edgar Mitchell that Aliens Exist …

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SESA GOA : Q1 June 2008: Spectacular non annualised EPS of Rs 161!…A chance to yet grab it at Rs 3300!

We all know that SESA GOA has been sizzling for a few years now…..but this Quarter’s results show that this Iron Ore Company,now part of the Vedanta Group , which holds a 51.12% has put up a spectacular show.It’s unaudited consolidated Profit is Rs 633 crs for the three months ending June 30,2008 against just Rs 33 crs …

SESA GOA : Q1 June 2008: Spectacular non annualised EPS of Rs 161!…A chance to yet grab it at Rs 3300! Read More »

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