Friday, February 27, 2009

L&T..hands tied over Styam

The financial investors in Larsen and Toubro the indian pioneer in engineering is facing some restraints from its financial investorsl ike LIC, GIC who have said that L&T should not bid too hight above the offer price for Satyam Bid...Satyam's simple moving average price over last one week is around 46.54 and it is expected that the floor price for bidding could be around 50......L&T hs some room but if the bidding turns into a full fledged bidding war then L&T could have to say that grapes were sour...

UBS set to have nw CEO

UBS, Swiss Banking powerhouse is set to have new CEO in form of Oswal J. Gruebel....he was earlier with Credit Suisse....

RIL-RPL , Sequel

The Directors of RIL would meet on 2 march to consider Amalgamation of RPL in RIL......This could well be the repeat of 2002 when Reliance petroleum limited of that time was merged with RIL.....

Indira Nooyi


Vagaries of the "HEAD"

For those who believe only grey cells set apart leaders from the rest, there is another hair raising observation among corporate America that most of the successful CEOs including Pepsico's Indra Nooyi part their hair to the left, says US business magazine Fortune.
Legendary investor and chief executive of Berkshire Hathaway Warren Buffett and Jamie Dimon of investment bank J P Morgan Chase are among the others joining Nooyi in the club of highly efficient CEOs who comb their hair to the left side.
In recent years, a pseudoscience has emerged around the theory that left-partedness signals leadership potential, while parting on the right suggest something a little off-kilter, Fortune said in a report published in its May 5 issue.
The magazine quotes John Walter, a systems engineer at New York City's Marymount Manhattan College as saying, its difficult for right-parters to be leaders.
Interestingly, a cursory look at the CEOs of Fortune 500 companies reveals only three among them of top 50 firms, part their hair on their right side. They are General Motors Rick Wagoner, AT&Ts Randall Stephenson and Sears interim CEO Bruce Johnson.
According to the magazine, Walter is credited with the theory (of parting hair to left) three decades ago, after he discovered that only a few American presidents parted their hair on the right.
Meanwhile, in the Fortune 500 there are highly successful chief executives who neither part their hair to the left or right. Such names include General Electrics Jeff Immlet, Goldman Sachs Lloyd Blankfein and Exxon Mobils Rex Tillerson.
In the report, the magazine said going by the theory, left-parters attract attention to the left side of their face, which conveys left-brain functions like logic, while right-parters come across as creative but also mysterious.
Describing Buffet as Americas richest man, the report said that he comes across as the classic left-brainer: rational and assertive.
As CEO of the $39-billion consumer giant, the leftie ranks No.1 on Fortunes Most Powerful Women in Business List, the magazine said.
Pointing out that no-parters-often-bald rarely reach the top, Fortune said that those who do, like Immlet, tend to take balanced approaches.
However, the magazine asserted that Walter-nomics is by no means a perfect tool for financial analysis and added that the world is better off with right-parters in it.
Fortune said that GEs founder, Thomas Edison, was one and so are Melinda Gates, Xerox CEO Anne Mulchaly, and John Donahoe, Meg Whitmans successor at eBay.
Hair-part aficionados are abuzz over whether right-parter John McCain stands a chance of winning the 2008 presidential race, the report noted.
(Source-FORTUNE magazine)

A homeless "JAP"(Victim of recession?)


Amereca's way of handeling the crisis!

Anybody who doubts that the global economy is facing its most serious downturn since the 1930s should take a squint at the latest trade figures from Japan. Exports in January were 46 per cent lower in January than they were a year ago — a phenomenal drop for a country that is so heavily dependent on sales of its industrial products overseas.
Japan has got used to economic setbacks over the past two decades: it has been in and out of recession on a regular basis. But make no mistake, this drop in exports does not mean recession: it means depression.
In the circumstances, comments by analysts that the data was “not good” and “seriously bad” were somewhat otiose. The Office for National Statistics confirmed on Wednesday that the U.K. economy shrank by 1.5 per cent in the final three months of 2008 and is on course for an annual decline in GDP this year of between 2.5 per cent and 3 per cent. But in Japan, things are much, much worse. Maya Bhandar at Lombard Street Research, says that the economy is contracting at an annualised rate of 14-15 per cent in the current quarter. Strong exports have tended to disguise the weakness of Japanese domestic consumption in recent years: now that prop has been kicked away, growth is plummeting.
Why is this happening? Quite simply, the great engine of globalisation has gone into reverse. During the long boom, the U.S. acted as the consumer of last resort: it sucked in exports from China and Japan. As China industrialised, it needed high-grade investment goods from Germany, and as prosperity spread in the world’s most populous country, there was strong demand for Japanese electronics, cars and consumer gizmos. Now that America has stopped spending, Chinese factories have closed. The knock-on effects of that are being felt in Tokyo and Hamburg.
In Japan, all the main industries are reporting decreases in exports of more than 40 per cent. The big car companies — Toyota, Nissan and Honda — are really feeling the pinch: overseas sales by the transport equipment sector were down almost 54 per cent a year ago. What’s more, car sales are slumping everywhere: Japanese exports to North America, Europe and the rest of Asia were all down by more than 50 per cent.
The assumption, since the financial crisis began in the summer of 2007, has been that lessons have been learnt from the Japanese experience in the 1990s. Much comfort was taken from the fact that Ben Bernanke, the chairman of the U.S. Federal Reserve, had produced an erudite paper on how to avoid the deflationary problems suffered by the world’s second biggest economy.
As things stand, that optimism is starting to look a tad misplaced. It is not just that the generalised falls in industrial production over the past few months has been far worse than anything experienced by Japan in the 1990s; it is also that policymakers — including Bernanke — do not seem to have fully assimilated the lessons of the Japanese experience.
Japan’s problem in the 1990s was not that the government failed to act: there were any number of emergency packages and bail-outs for the stricken banks. But nothing Tokyo did got to the heart of the crisis, which was that land prices continued to fall year after year, creating fresh losses for the financial system as quickly as the last batch of toxic waste was cleared up.
Something similar is happening now to Wall Street banks. With real estate prices in freefall, the losses just continue to mount and the pressure on the banks remains acute.

(Source:THE HINDU)

Some more news from Satyam

Market regulator Sebi is likely to approve the Satyam Board-formulated framework to induct a strategic investor.
"In this case (Satyam), once the framework is finalised by the government-appointed board in consultation with the Company Law Board (CLB), Sebi is unlikely to change the proposal,'' a top Sebi source told PTI here on Friday.
The Sataym Board is understood to have finalised the roadmap to conduct the bidding process for the beleaguered IT major at its board meeting yesterday and is expected to submit the proposal to Sebi soon for getting regulatory clearances.
With a view to facilitate the takeover process, Sebi recently amended the takeover rules for companies having a government-appointed board, besides making the preferential issue norms more flexible.

(Source-Google)

Monday, February 23, 2009

Some literary fundas from"THE HINDU"

1.What is the opposite of comedian?
The opposite of comedian is "tragedian" which is a person who perfoms sad roles on screen-eg Dilip Kumar.An actress who perfoms tragic roles is called "tragidienne" just like "comedienne".
2.What is the meaning of the phrase"Handsome is as handsome does"?
The phrase is a very old one and emphasises the greatness of inner beauty over outer beauty.Similarly the phrase "Pretty is as pretty does" can also be used.
3.Did you really breakfast on idlis?
We can use the following sentences in relation to meals-
Ram and shyam breakfasted together.
I lunched on fresh chapatis.
I snacked on popcorn.

But we cannot use a sentence like-
"I dinnered in Taj Majestic".

Wednesday, February 18, 2009

Coca cola for SRK in KKR IPL

Cocal Cola woos SRK for KKR sponsorship in IPL after APepsi said that it would not renew the contradt with SRK keeping in mind its YOUNGISTAAN IMAGE>..SRK has also expressed that he did not like the way in which PEPSI cancelled the contract.....

BCCI pulls Sony's pony

BCCI demands compensation from Sony by quoting a loss of 137 crores as BIG Tv annulled its ground rights sponsorship due to the fact that Airtel was offered on Air Slots by Sony, The broadcaster for IPL....

R&D for Indian Auto companies t prove csotly

The indian Govt. is planning to reduced the Funding it givest ot Auto companies from 100% to 50%. The govt. will instead fully fund the Research and development costs of small Auto part makers . Govt. rationale behind this move is that Big Auto co's like Maruti, Tata etc have capability to fund a part of R&D but small co's can't do that...Accoring to GVt. this move would move more equitable spending on Research and development by including smaller players also......

Sunday, February 15, 2009


CAsh -strapped realty major Emaar MGF may turn out to be the first major beneficiary of a government package in the real estate sector,
thanks to its partnership with Delhi Development Authority (DDA) for the 2010 Commonwealth Games village project in east Delhi. The government had already facilitated a nine-month deferment of its Rs 50-crore instalment to State Bank of India (SBI), and has now further asked DDA to prepare a report on buying out flats at a negotiated price, a government official told SundayET. In fact, Emaar MGF could turn out to be the lone beneficiary in a downturn where all major real estate companies, including DLF and Unitech, are affected and witnessing a sharp erosion of their bottomlines. The government has so far refused to give any concession to the real estate sector and is asking for a price correction. While talking to SundayET, urban development secretary M Ramanchandran said he had asked DDA to prepare a report on the issue and suggest possible solutions. “Emaar MGF has already got nine months extra to repay its Rs 50-crore instalment to SBI. We are assessing the situation. If the need arises DDA would either give them a loan or buy flats at a negotiated price. Also, PSUs may buy in bulk,” he said.

Wednesday, February 11, 2009

satyam gets some relief

satyam gets 60 0crore ..from IDBI and Bank of Baroda...for working capital requirements

Friday, February 6, 2009

Karnik named as Satyam Chairman

Satyam appointed board member Kiran Karnik as the new Chairman.

Satyam Fiasco:ESOP's sold at hefty prices by " BUSINESS LEADERS"

Insider trading per se is not illegal. Sale or purchase of shares by people privy to price-sensitive information, before it is intimated to the regulator and the stock markets, is, however, a crime. However, Board Chairman Kiran Karnik, and Member Deepak Parekh said they were aware of such transactions but found nothing illegal.
Yet, a close look at the filings by the company with the National Stock Exchange since September 2004 is interesting. They reveal that many of those identified as ‘Business Leaders’ by erstwhile Chairman of Satyam B. Ramalinga Raju sold the employee stock options (ESOPs) at regular intervals.
What’s more, Mr. Murty sold the shares frequently since October 2004. If Srinivas Vadlamani, the jailed CFO, sold in all 3.65 lakh shares, the highest by any employee in the last four-and-a-half years, Mr. Murty sold the second largest number of shares — 3.14 lakh shares.
Company president Ram Mynampati exercised 1.83 lakh stock options in the Indian stock market and 56,250 American Depository Shares (ADS) in the U.S. during the last few years. Manish Mehta and T. R. Anand too figured among those who sold more than a lakh of shares each, closely followed by Keshab Panda, who exercised over 90,000 stock options.
Most of these shares were sold between mid-2006 and mid-2008 when the Satyam’s scrip ruled high between Rs. 350 and Rs. 480, fetching fat sums. For instance, Mr. Murty sold 17,000 shares on March 29, 2007, and 30,000 shares in just another week, on April 4, the same year. The sale on April 4 alone fetched him about Rs. 1.38 crore considering that the stock opened at Rs. 465 on the BSE on that day.
Of course, “it cannot be proved whether Mr. Murty is aware of the price sensitive decision of the company’s move to acquire Maytas Infra and Maytas Properties when he sold the shares in December, as he is not on the then board,” said Ambareesh Baliga, Vice-President, Karvy Broking. None could stop a shareholder from selling the stocks as the ESOPs were meant for sale. Surely, some senior employees must have been aware that “every thing was not hunky dory with the company,” he said.

IPL acutions..

English players Andrew Flintoff and Kevin Peterson became the most valuable players in IPSL..when they were valued at 1.55 million Dollars apiece....KP was snatched by BangaloreRoyal chanllengers.....Flintoff was tekn by Chennai kings...

2 days after auctions were announced...England was bundled out for 51 against West indies in their 2 innings conceding a defeat by innings and 19 runs to Windies.......This sure will reaise some questions about spending huge moolah on KP and Flintoff.....

CEOofRBS

Stephen hester..is new CEO of RBS.....

P&G looking to sell its pharma business

P&G, one of the rworld's largest cosnumer goods company, with rbrands like Gilletter razor and Crest toothpaste is looking to sell off its Phrma business....its CEo A.G Lafley said.....this comes after last dyear decision to stop spneinding on new moecule research....its pharma buisness has revenues of $ 2 billion annually.....

BoE cuts rates

Bank of England slashed interest key rates by futher 50 BPS to 1% which is lowest ever.......while ECB( european central bank) kept ther rates unchanged.....

thought questions wer raised regarding BoE's move as the inflation is at around 3% but BoE's target is 2%......so reducing rates is conunter to that....but BoE has said that fall in taxes and food articles price would itself drag inflation down......

Thursday, February 5, 2009

New CEO for Satyam

AS Murty has been appointed the new CEO of the Fraud hit Satyam com.He is a Satyam veteran working since 15 years in the company......

Sunday, February 1, 2009

Where have all the "BULLS" gone?

In the current period of recession,it is very difficult to spot any bulls and the market seems 2 b bearish 4ever.The question of prime importance is whether stocks like Satyam ,Unitech ,Aptech and many others will b anywhere near even 1/3rd their highs after the market stabilises a bit.

Promising Stocks

PLease post the names of some good stocks that u think are indeed very promising and can fetch excellant returns.I feel Unitech and UCO bank are 2 such stocks.

Just BOOKS

Hey guys?Post the name of a good book that u have read recently....also try to post the epitomy of the book.

I recently read "Stay Hungry,Stay Foolish" by Rashmi Bansal,an alumini fromIIMA.Its a book about the success story of 25 IIMA aluminis who went out to start their own business. .

Any "SCAVENGERS" out here??????

Are u a scavenger feeding on the beleaguered Satyam???If yes,then post ur profits till this day since u bought the shares.I got many shares for Rs 18 and am anticipating the price to go up till about 70 from 55 on Friday.........................though the co-founder, Manrag has sold his shares and is sitting on "FAT" profit!

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