Sikhism’s most Holy Shrine the Golden Temple situated in Amritsar,Punjab will be now a part of the Green Energy Movement.The Punjab Energy Development Agency (PEDA) has awarded a project to retrofit 5 prominent places in the Punjab state with solar PV panels.The award for these projects has gone to Punj Lloyd one of the biggest […]
Engineers India Follow on Offering (FPO) is a sequel to the government PSU divestment through stake sales in companies with low public float.EIL FPO is going to see a 10% dilution of the government equity in the company on top of the existing 9.6% public float.The 3.36 crore (33.6 million) shares are being offered in […]
Indian Real Estate Sector yet to Recover from the Lehman Crisis The Indian Real Estate Sector is one of the most interesting sectors in India with a huge potential as well as companies whose financial statements even fund managers don’t trust.This sector was the worst affected by the Lehman crisis and still has yet to […]
Satyam scam tainted Indian infrastructure company Maytas has agreed to sell a 20% stake to Saudi BinLaden Group.Note Maytas Infrastructure was an integral part of the whole Satyam scam with the then CEO Ramalinga Raju wanting to merge IT company Satyam with Maytas Infrastructure .The deal had to be canceled under Satyam shareholder pressure eventually […]
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. […]
Investing in Real Estate stocks is fraught with high risk because its almost impossible to value these stocks in this sector given the total lack of trut in the financial statements published by these companies.Even “reputed” companies in the real estate sector find themselves being raided by government authorities with alarming regularity.Regular dealings of common […]