Goldman Sachs to buy 9.4% in Max India

Goldman Sachs will pick up a 9.4% stake in Max India for Rs 5.4 billion  (USD 116 million), the Economic Times and Business Standard newspapers reported on Sunday, citing the outcome of a board meeting held on Saturday.
Max India will issue compulsory convertible debentures that will be converted to shares after 15 months. The proceeds [...]

Railway Budget 2009 - HighLights!

Hello everyone,
Without being descriptive…let me put forward some of the objective points which have come in picture after the Railway Minister Mamata Banerjee’s Railway Budget.

No change in Passenger Fares.
Freight Rates untouched.
One Doctor to be available on long distance trains to attend to passenger/staff medical emergencies.
Ticket booking services to open in 800 new locations.
5000 Post Offices [...]

Fresh news to think upon…

- Lok Sabha elections in April/May- Satyam defers buyback meet; to consider issues incl dilution of promoter stake on Jan 10.
- Satyam Promoters say institutions may have sold stake to cover margin calls.
- 3G auction process deferred by 2 weeks; last date for application likely around Jan 20: Srcs
- IBM, Accenture & Capgemini likely suitor [...]

Market conditions not good for IPO’s

        Not only US but world is in financial crisis. We are seeing job cuts all over and all the governments are feeling the pressure to support the financial institutions of the respective countries. People are fearing stock investments and hence this is a bad time for new IPO’s where the public is itself worried [...]

What to do in such turbulent times?

The stock market is a see-saw these days. Plummeting 900 points on one day and growing 700+ points on the next. What does this imply? Simply- Nothing can be guaranteed and anything can happen. That’s easy to say but hard to accept when you have your life’s savings at stake and when your stocks are [...]

Warren Buffet to invest $5 billion in Goldman Sachs

Warrent Buffet is going to invest about $5 billlion in Goldman Sachs which turns out to be about 9% of the total stake. Buffet said “I don’t try and time things, but I do try and price things. I have got a formula, bet on brains, and bet on them when it is the [...]

Gold falls 20% in last month!!

Gold was about $973 per ounce (  that is Rs:14,700 per 10 grams) on 21st July 2008 and currently it is  $793 per ounce!! That is Rs: 12,032/- per 10 grams! So a fall of about Rs:2,700 in just one month!! That is about 20% down in just a month! See the graph to realise the way [...]

Software firm-Persistant Systems going for an IPO

IT companies are doing bad…oops..thats not true! A better sentence would have been IT stock prices have come down drastically. The rise of rupee was reason for that and now this is an old news. Currently the exchange rate of dollar/rupee is around rupees 42, increased from 39 - which is actually good for IT [...]

India’s first Oil based Mutual Fund will be launched soon…

One more option has been added by the Mutual Fund Houses to the huge pool of types of funds, and this will add to the confusion while selecting the funds. We already have funds based on various sectors - real estate, infrastructure, energy, FMCG, technology…bla bla.. and one more has been added now - OIL! [...]

HDFC Bank - still a good buy…

HDFC Bank has seen a great dip in recent week and is trading close to 1140 down about 200 rupees that is 15% in last 10 days or so. This is nice time to buy it. While many think that it will be foolish to buy as the stock is falling continously from past 3 weeks, well, we need to realise the potential of the stock to [...]

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