A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Last Night I was amused and then rather angry to hear Prof M Rammohan Rao,an Independent and Non Executive Director on the Board of Satyam Computer Services Ltd He was defending the decision taken by them for Satyam to acquire Promoter related Maytas Companies Menaka of CNBC TV asked him which was the lesser of the …
Satyam Independent Director should attend one of his own courses! Read More »
Reproducing Verbatim an interesting email received by me today….Gerald Celente predicts a very Bleak America soon…It’s scary The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting a revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting …
An American predicts a Chilling Forecast for America ! Read More »
NDTV Profit is reporting today unconfirmed developments that the Real Esate King DLF is to borrow Rs 4000 crs to Rs 5000 crs from Cash Rich Dollar Billionaire,Malvinder Singh who sold his Ranbaxy stake for Billions of Dollars to Dai-ichi of Japan recently The alarming note is not the quantum of Borrowing but the reported Interest Rate …
My Blog has this Tag Line on the Home page ” In India,Companies may fall Sick,but Promoters rarely do !” How do we get Retail Investors to come back into our Stock Markets when we have self serving Promoters running Riot with Shareholders Funds ! Satyam joins this growing list of Companies where Promoters take …
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 …
Joke of the Day !…..Satyam has won several awards for Corporate Governance Read More »
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 …
Satyam becomes Asatyam as Founder Ramalinga becomes Ravana ! Read More »