A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Overheard a Stock Market Conversation….”I’ve Lost Rs Two Lakhs in Stocks last year !”….”You’re lucky,I’ve drained Rs 10 lakhs !” Both uttered with Straight faces…no chuckle ! They say Fee Based Income in Capital Markets is safer and less riskier than Fund Based…of course it will be !…it’s those who you advise and transact for …
Sing this to the Tune of Christmas Carol “Jingle Bells” “Dashing Through the Economy…Printing Currency all the Way !…Oh what Fun it is to ride on a one PIIGS Open Sleigh !… Hey ! Warning Bells ! Warning Bells ! Warning all the Way !…Santa Claus is not Coming riding on a Sleigh !” Have …
S & P retains BBB – Rating for India but downgrades Outlook to Negative from Stable…indicating a possible down rating in the future….BBB- remains the lowest Investment grade Rating,just one notch above BB+ which is the highest Speculative Grade Rating…. I’m finding it difficult to counter as it echoes ground realities of high Current Account …
Thanks to Blog Reader Shahzad Vasaigara for this one…….and thanks Shahzad for ‘still’ reading my blog! In July 2011,SEC had communicated a four pager to Nasdaq listed and Beijing based,Yongye International Inc,a Chinese Company requiring them to reply to the points raised on the accuracy and adequacy of the Financial and Accounting Information that they …
At the outset let me disclose that this Post has been provoked by Vodaphone….Our Government giving a Clarification with retrospective effect ,effectively overturning the Supreme Court order that agreed with Vodaphone not being subject to Billion of Dollars of tax in India and Ratan Tata…..he expressed his frustration that India is headed towards becoming a Banana Republic …..but …
India is the Biggest Banana Republic !…Surely Vodaphone and Ratan Tata would agree ! Read More »
This Invitation Board at a Dry Cleaners in Bangkok could well be put at the entrance of BSE and NSE ! ” Drop Your Trousers Here For The Best Results ” Quick Service…Same Day Delivery….Promise to wipe you clean and get neatly ironed and laundered by our Sensex and Nifty !…or if you prefer exclusive one …
Laundered by the Sensex and Nifty !…and Infosys ! Read More »