India has been increasingly suffering from home grown terrorists who follow a Maoist ideology.These terrorists popularly known as “Naxalites” have been striking with increasing frequency and power in the heart of the Indian country.Indian’s Prime Minister Manmohan Singh regards them as the “biggest threat” facing the country.While earlier these terrorists used to attack only government infrastructure and personnel , […]
Standard Chartered Indian Depositary Receipt (IDR) remains 90% unsubscribed till the last day of the issue.In the first 3 days it has managed to get subscription for only 10% of it issue size of 240 million Indian Depositary Receipts .That should be surprising for the issuers considering it has hired Seven Investment Banks (Goldman and […]
I had earlier written about Seven Reasons for Not Subscribing to the Standard Chartered IDR based on a high level analysis.Going through the massive 811 page Red Herring Prospectus has reinforced by earlier thesis – that subscribing to the StanChart IDR is not a great idea .In my opinion it would be a very bad […]
Emaar MGF has been trying to do an IPO for the last 3 years without success.Recent news suggest that is has reduced its planned offering by 20% and may have to refile the prospectus the IPO with SEBI.Even other big real estate developers are facing hurdles as sentiment towards Realty companies has been extremely negative. […]
The Indian government is fast tracking the process of choosing Investment Bankers for its proposed Rs 40,000 crore($8.5 Billion) divestment of state owned companies in the current fiscal year ( March 2010-2011) which would be a 60% increase over last year. This comes in the wake of the big losses that investors of last year […]
Electric Vehicles are receiving increasing amounts of attention and dollars from established vehicle makers around the world . Nissan has already seen massive bookings for its much anticipated “Leaf” while GM is trying to revive its fortune by releasing Chevy Volt.Toyota which has been the leader in “Green Vehicle” race with its iconic Prius, recently […]