A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
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 »
Bankruptcy is not an Option for General Motors….but there seems no other Option…..last Night the Senate failed to clear the Bail-out plan for Emergency Aid of US $ 14 billion to the three Auto Majors in USA….General Motors,Chrysler and Ford Dow closed at 8565 yesterday and is likely to dive below 8000 today….General Motors closed at US …
Dow should Dive below 8000 today as Auto Bail-Out Plan fails to pass Senate Read More »
In October 1991,Astrologer,Ashok Motiani predicted that the Sensex will crash from February 1992 I have lived 1992 and have vivid memories of it but don’t remember this Astrologer Guy at all !…I am on record in 1992 for predicting a fall in the Sensex because of overstretched valuations and had given a Model Portfolio of …
New York based Astrologer,Ashok Motiani predicts a Strong Sensex of 16000 by Feb 2009 Read More »
A leading Broking House has just wound up it’s Portfolio Management Schemes This Broking House is promoted by the promoters of a leading Indian Pharmaceutical Company who recently sold off their Stake in the Pharma co to an Asian Pharma Giant Client Portfolios had eroded sharply from the beginning of this Year.In One Portfolio an Investment of …
On September 23,2008,Warren Buffett’s (WB) Investment Behemoth,Berkshire Hathaway (BH) announced it would invest US $ 5 Billion in preferred stock of Goldman Sachs and would receive 10% annual dividend.It would also be alloted warrants that would give it an option to invest a further US $ 5 Billion in Common Stock at a strike Price …
Just yesterday I blogged on Citigroup facing a survival issue…and this morning news came that the US Government stepped in to bail it out for now….It will guarantee US $ 306 Billion in losses on high risk assets and will inject US $ 20 billion as fresh Equity from the Troubled Assets Rescue Program of …