A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
The CBI arrest yesterday of listed D B Realty Promoter Shahid Balwa in connection with the ongoing Investigations into the 2G Spectrum Scam triggered off a ruthless sell off in all Anil Ambani Reliance Group of Companies….Why ?…well ,D B Realty Promoted Swan Telecom which was reportedly favoured and awarded the 2G License at a […]
February has begun with a Shiver……As Millions began their March today in Cairo for Democracy in Egypt and pressuring for the 30 year old tyranical rule of Hosni Mubarak to end Millions marched over the edge here too as the Sensex sank below 18000, ……..just could not help but hum some lyrics of Don McLean’s Legendary Song ‘American
I repeat what I blogged last evening …and Oh! the markets are correcting on cue towards a Sensex of 18000…don’t attempt to call the bottom…it may be in your Minds but it’s not in your Hands !….something’s brewing and it’s worrying…getting that strong negative vibe for Feb and March….sub 18000 levels could be on the
Anil Ambani may well feel blessed on this auspicious day of Makar Sankrant….he and his companies have been let off lightly by SEBI today…his kites should fly higher from now…that’s my take on today’s SEBI Consent Order passed In a Consent Order each of his two companies Reliance Infrastructure (earlier Reliance Energy) and RNRL (since merged with
It took just a week to rub off the New Year sheen Sensex grumbled and tumbled 493 points today to close at 19692…lost nearly 900 points this week….Nifty too rumbled and tumbled 144 points to close at 5905 as we closed the first week in the new year 2011 What did you expect ! Just
Markets Grumble and Rumble….and then Tumble !……what did you expect ! Read More »
This Wealth Managment Fraud of over Rs 300 Crs, claimed to be the ingenuity of a relationship manager of Citibank at it’s Gurgaon Branch in Delhi is now being widened in investigation scope to include even the role of the World Head, Mr Vikram Pandit and Chairman,Mr William Rhodes and ten other Bank Officers in New