A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
With over 2 million people assembled on National Mall in Washington to witness in person the Swearing in of Barack Obama as the 44th President of USA and with a record 1.3 billion people,over 20% of the World’s population, watching it Live in over 240 countries round the world,Obama declared : ” WE ARE …
The Minutes of the Crucial December 16,2008 Meeting of the Board of Directors of Satyam to discuss and approve the Maytas acqusition proposal are now in public domain Phew ! I read the Twelve pages of the Minutes and can only say this ! NONE IN THE BOARD WAS ABOVE BOARD ! The way the Meeting Progressed …
Was shocked to hear this morning on CNBC 18,Executive Chairman of Jaiprakash Associates,Manoj Gaur,confessing he was not aware of the Debt to Equity quotient in his Company ! On earlier being asked as to how much cash was there on the Books,he quickly stated “Rs 1500 crs” Mr Gaur,who’s running your Company if you’re not !? Mr …
I ‘ran’ the Dream Run this morning at the Mumbai Marathon from the comforts of home…..What a spectacular uniting Force ! Thankfully it was sponsored,for the sixth year straight and since inception, by a credible ‘S’ ,Standard Chartered Bank and not the likes of ‘Satyam !’…In fact Standard Chartered has signed up as sponsor for the …
Disgraced and jailed Promoter Chairman,Ramalinga Raju, of Satyam,confessed on January 7, 2009 that there is a huge cash hole of Rs 5040 crs in the Balance Sheet of Satyam as on September 30, 2008 and that for years he has been resorting to Inflating Revenues So what could be the Nature, Form, Impact and Effect …
Possible Nature of Phantom and Fictitious Accounting Entries in SATYAM Read More »
I am truly intrigued…sure all of you too are…. as to how Ramalinga Raju of Satyam got past the auditors,Price Waterhouse (PW) So when PW disclosed a few days ago that they had appropriate evidence to support the Satyam audit,it really got me thinking It would thus seem that PW must have seen the Bank’s Fixed Deposit Receipts which supported …