A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
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 »
An interesting news article in today’s Financial Express caught my eye….Russia’s Central bank devalued the Rouble for the second time in a week As 2008 began,Russia was flexing it’s economic muscle and being touted as the next big super earner from surging Oil Prices to US $ 145/barrel…It had already began licking it’s lips in …
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 »