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September 2009

New Direct Taxes Code and a Stock Market Selling off….What’s the Connection ?

Right from August 12,2009 when our FM,Pranab Mukherjee released the New Direct Taxes Code for Discussion,there has been developing apprehension on increased taxation on Capital Gains I’ve been warning Clients about the  Market Selling off towards 2011 as Investors book Gains,both short and long term, to take advantage of lower tax rate and tax exemption respectively……and today …

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Remembering My Parents on the recent deaths of Cricket Crazy,Rajsingh Dungarpur and ‘Dirty Dancing’ Star,Patrick Swayze

Rajsingh Dungarpur passed away a few days ago…Cricket and Rajbhai were synonymous…He played for Rajasthan State  decades ago and then assumed pivitol administrative roles in our Country’s Cricket Structure…The Cricket Club of India,Mumbai (CCI)  and Rajbhai were one soul….Yet,in the past year he was sen often in solitary bliss,gazing out soulfully at the Golf Greens while enjoying a …

Remembering My Parents on the recent deaths of Cricket Crazy,Rajsingh Dungarpur and ‘Dirty Dancing’ Star,Patrick Swayze Read More »

Some Saturday Morning Shots…..of Strikes and Statues…..Austerity Measures and IPOs

Amusing or not so…you decide…….some Saturday morning shots…. Jet Airways Pilots Strike enters the fifth day…and I see  a Business Standard ad (Page 16) of Jet2Kerala with a tag line ‘Your dream holiday can now touch down’…Problem is you yet cannot take off !…Jet Airways has teamed up with Kerala Tourism to help you land the best …

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9 9 9 …. An auspicious day coming to an end…Also now ‘Navkar Mantra’ Day

It’s September 9,2009..9 9 9…an auspicious day is now easing out to the next….From 9.09.09 morning the Jains have been chanting in unison the powerful  ‘Navkar Mantra’…I did too….felt good and warm…so from now every year September 9 will also celebrate ‘Navkar Mantra’ Namo Arihantanam I bow down to the Arihants who have reached enlightenment by overcoming …

9 9 9 …. An auspicious day coming to an end…Also now ‘Navkar Mantra’ Day Read More »

IPO OF OIL INDIA LTD (OIL)…Upper band Price of Rs 1050 appears fair but there’s not much listing Upsteam for this Upstream Oil PSU

This is a  Scan of the OIL IPO I like OIL…Rs 1050 (FV Rs 10) Upper band Price appears fair…but I would await Listing before consdering any meaningful exposure In it’s continuing disinvestment exercise now the Government wants us to explore OIL with it…but at an upper band IPO price of Rs 1050…OIL will raise Rs 2777 crs at this price …

IPO OF OIL INDIA LTD (OIL)…Upper band Price of Rs 1050 appears fair but there’s not much listing Upsteam for this Upstream Oil PSU Read More »

Drought is not in our Sensex’s Dictionary ! FIIs is !…crosses 16000 to record a Calender ytd High Close Today

Our Sensex is on a Calender Year High Today…..In 15 trading days,it has surged from 15000 to 16000..It closed at 16016 today,up by 327 points and over 2% Drought does not seem to be in our Sensex’s Dictionary ! From March 2009 Lows of 8000,the Sensex has now surged 100% in just seven months ! and year …

Drought is not in our Sensex’s Dictionary ! FIIs is !…crosses 16000 to record a Calender ytd High Close Today Read More »

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