A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
It’s been a War Zone with no holds barred between the Ambani Brothers after their father expired in 2002…It led to a Demerger of the Group in 2005 and shareholder wealth zoomed There have been evident reconciliatory moves between the brothers in recent months…clearly some thaw is visible and they appear to be moving the Hatchets away …
Ambani Brothers : Burying the hatchet or yet at each other with one ! ? Read More »
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 …
ADA Group Companies under ED Scanner for misuse of ECB/FCCB Funds: So What’s New ? Read More »
What’s Cooking ? Was hosting a top Citibanker ( on his way out), last night at a Club in South Mumbai and greeted the Vice chairman of an ADAG Company at the reception….later in the Night he was one of the citizen panelists on a TV Debate on a leading News Channel on the Recent Terrorism Strike in …
Hey ! Guess What ! now Reliance Mutual Fund,who hold 5% of the Equity in Novartis have questioned the Inter-group Lending in Novartis…As at March 31,2008,Novartis Group Companies owned Rs 340 crs to Novartis…that’s 76% of the Networth of Novartis……also during 2007/8 the quantum of Intergroup Loan Transactions was as high as Rs 2457 …
Reliance Mutual Fund raises Corporate Governance Issues in Novartis Read More »
RNRL surged over 11% today from a close of below Rs 90 yesterday to close at above Rs 100 today……It was Rs 74 a week ago just before the Trust Vote on the Nuclear Deal in Parliament BSE Volumes today were 3.88 crore shares (Rs 375 crores) which interestingly is more than One crore shares from the …
Watch out for RNRL…From Rs 74 to Rs 101 in a week ! Read More »
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 …
Ambani Brothers at loggerheads even before their Father Died in 2002 Read More »