A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Remember when the Demutualisation Process was Completed last year at the BSE,each Member broker got 10000 shares of FV Rs 1 in BSE LTD ? At Rs 5200/share many tendered a large part of their holdings to the BSE who then allocated them to the Singapore and German Stock Exchanges and other Institutions Today there …
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 …
Today’s edition of Business Standard carries in a regular column “Without Contempt” an article by Somasekhar Sundaresan….he highlights the dilemma of an Acquirer,one he discloses he has represented,…in that it on one hand it can be accused of violating the Insider Trading Regulations(In non Hostile takeovers),which prohibits communication or counselling of unpublished price-sensitive information and on …
Nirma disallowed to withdraw offer for Shree Rama Multi-tech Read More »
Just saw the Citizen Journalist Segment on CNN IBN…great idea to bring awareness on issues and reaching out to help those who need help….but they need to be careful…in one episode today they covered a retired Railway employee’s battle to get back his deposits from Lloyds Finance….the Cameras accompanied the employee to the office of …
Citizen Journalist on CNN-IBN covers Lloyds Finance Defaults Read More »
Can’t help it ! this is my second post in two days on Ranbaxy The Share Price is Rs 440 just now on BSE…The Open Offer opens on August 8,2008 and ends on August 27,2008.It is a direct offer to shareholders who will have to tender their shares at Rs 737 and expect only one …
Ranbaxy :Is there any Rationale in Holding for the Open Offer? ? Read More »
On Cue,following Dow’s 2.08% fall yesterday,the Sensex opened lower this morning at 13861.60 only to quickly regain ground to cross 14000…Don’t get taken in by any rally…remember it surged to 18000 after dropping below 14000 earlier this year…there is going to be some more pain as financial earthquakes will continue to rock USA and cause severe …