Copenhagen was a disaster and there has been no agreement on how to proceed with policies on a global basis to deal with the ever growing problem of climate change and global warming. Its each country adopting its own policies and targets with reducing carbon emissions, which can only work on a local or at […]
EREC has released a new report “Re-thinking 2050″ outlining the roadmap to make Europe 100% powered by renewable energy by 2050 . The report was released in the European parliament .While the report discusses a lot about the benefits to getting to the objective,it has precious little on the specifics of the costs and policies […]
After two junk IPOs in the last 10 days in the Indian markets another one has come up.As I was refererring to in my last post I thought Nitesh Estates was a really low quality offering but Tarapur Transformers really takes the cake. It is raising around 125 crores at 50 times P/E and more […]
How do people invest in Indian real estate is beyond me. They are almost impossible to value, are mostly embroiled in cases,have short operating histories and a lot of them have dubious managment.Let me elaborate 1) I have not found a single brokerage report from the “sophisticated” banks that give any decent way to value […]
Orient Green Power Ltd (OGPL), is planning to raise Rs 900 crore to fund its expansion plans of raising capacity to 1000 MW by 2013 from the less than 200 MW now.Shriram EPC, Bessemer andOlympus Capital are the promoters of this company started in 2007 . From its website OGPL is a leading renewable energy […]
General stock market Wisdom tells us that low quality IPOs are a sign of a market top . Going by the recent spate of low quality issues in the Indian market . Goenka Diamond,Ganesh Jewellery,Pradip Overseas and now two more in the shape of Nitesh Estates and Tawalkar Gym could indicate one. However these issues […]