I’ve been busy over the past few days, therefore have not been posting my usual round up of news.
One more subprime lender has gone bust, this time its BNP Paribas which has thrown in the towel. Now, Goldman Sachs has also joined BNP Paribas, while AIG is now predicting doom. Damodaran believes that linking the Indian stockmarkets volatility to subprime woes is an oversimplification. I wish he was right, then it would me more interesting for investors. But this statistic from Businessworld, does not support Damodaran’s views. Everyone knows Damodaran is just trying to assuage the sentiments of the market, it seems no one is willing to admit the emperor is naked!!!
Meanwhile, its still unclear if ICICI is exposed to the US subprime housing mortgage market. Apart from this FIPB now wants to look into ICICI’s holding pattern, while the Government is set to raise FBI Cap on banks
SEBI, meanwhile is considering reducing the number of independent directors. Looks like India does not have enough Independent directors
IT and ITES firms whining to the government about the rising rupee seems to have spurred the government into action.
While Novartis has magnamiously decided not to challenge the Madras High Court verdict, it has gone to its big brother (the Swiss Government) which is now trying to forge closer cooperation with the Indian Govt on IP protection. This no doubt is to swing a deal in Novartis’s favour.
The government has lifted the freeze on SEZ applications, granted the Maha Mumbai SEZ another year, while also cleared 6 more projects.
India and Israel have agreed to form closer economic cooperation. This is a step in the right direction as India needs to look beyond traditional markets of US and EU.
FinMin is desperate for money, especially to fund populist policy largesse, and is now pushing for revised pricing of 2G spectrum pricing.
14 days, that’s the time given to a GoM lead by Pranab Mukarjee to fix the KG basin gas price.
Reliance Communication has sold a stake in its telecom tower business. This follows Barathi’s outsourcing deal of its infrastructure. Operators are now moving towards leasing the infrastructure rather than buying it outright.
Only in AI: they buy stimulators, but cant find the space to house them.
ADB has once said that income inequality is on the rise and it is a worrying trend. Is anyone even listening to them? Sigh, they attach too much importance to themselves.
Tata Sky targets 8 million users by 2010, if they follow a scheme of renting the equipment, they can meet this target much faster.
Telecom operators are now working to establish a Do Not Call registry. Does this include intrusive SMS from one’s own operator? I get one such spam SMS every day.
Essar and GSPC have decided to bid for an oil block in Syria.
Puravankara IPO gets oversubscribed a paltry 1.91 times. At an issue price of Rs 400, its overvalued is my guess. Retail investors would have stayed away and Institutional investors would have mopped up the shares.
Government launches a new airline license called regional airline, interesting times ahead for the aviation industry, especially in the low cost carrier segment.
One more subprime lender has gone bust, this time its BNP Paribas which has thrown in the towel. Now, Goldman Sachs has also joined BNP Paribas, while AIG is now predicting doom. Damodaran believes that linking the Indian stockmarkets volatility to subprime woes is an oversimplification. I wish he was right, then it would me more interesting for investors. But this statistic from Businessworld, does not support Damodaran’s views. Everyone knows Damodaran is just trying to assuage the sentiments of the market, it seems no one is willing to admit the emperor is naked!!!
Meanwhile, its still unclear if ICICI is exposed to the US subprime housing mortgage market. Apart from this FIPB now wants to look into ICICI’s holding pattern, while the Government is set to raise FBI Cap on banks
SEBI, meanwhile is considering reducing the number of independent directors. Looks like India does not have enough Independent directors
IT and ITES firms whining to the government about the rising rupee seems to have spurred the government into action.
While Novartis has magnamiously decided not to challenge the Madras High Court verdict, it has gone to its big brother (the Swiss Government) which is now trying to forge closer cooperation with the Indian Govt on IP protection. This no doubt is to swing a deal in Novartis’s favour.
The government has lifted the freeze on SEZ applications, granted the Maha Mumbai SEZ another year, while also cleared 6 more projects.
India and Israel have agreed to form closer economic cooperation. This is a step in the right direction as India needs to look beyond traditional markets of US and EU.
FinMin is desperate for money, especially to fund populist policy largesse, and is now pushing for revised pricing of 2G spectrum pricing.
14 days, that’s the time given to a GoM lead by Pranab Mukarjee to fix the KG basin gas price.
Reliance Communication has sold a stake in its telecom tower business. This follows Barathi’s outsourcing deal of its infrastructure. Operators are now moving towards leasing the infrastructure rather than buying it outright.
Only in AI: they buy stimulators, but cant find the space to house them.
ADB has once said that income inequality is on the rise and it is a worrying trend. Is anyone even listening to them? Sigh, they attach too much importance to themselves.
Tata Sky targets 8 million users by 2010, if they follow a scheme of renting the equipment, they can meet this target much faster.
Telecom operators are now working to establish a Do Not Call registry. Does this include intrusive SMS from one’s own operator? I get one such spam SMS every day.
Essar and GSPC have decided to bid for an oil block in Syria.
Puravankara IPO gets oversubscribed a paltry 1.91 times. At an issue price of Rs 400, its overvalued is my guess. Retail investors would have stayed away and Institutional investors would have mopped up the shares.
Government launches a new airline license called regional airline, interesting times ahead for the aviation industry, especially in the low cost carrier segment.
