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“In India, companies may fall sick, but promoters rarely do!”

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August 14, 2008

Macquarie Securities Group: Part FII Gains now as FDI !?

  Glanced at an article in today’s Economic Times where the Macquarie Group has disclosed that it had invested  US $ 200 million in Indian operations.It is Increasing Headcount and is already in the top five Institutional Brokerage Houses in India  Could not help wondering if such Investments could be viewed as Monies being reinvested from part of …

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Reliance Mutual Fund raises Corporate Governance Issues in Novartis

  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 …

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