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Bogus Afterthought
Posted by :
tallyJoker tendered aplogy -- foot in his mouth ---...
Bogus Afterthought
Posted by :
sharadkumarkThen why Saudi Envoy left crying the Terrorst conference after speech of your Joker....
Avoid reliance above 2000....
Posted by : tallyDear pss, I hope you are not serious???...
RIL GDR JUMPS 105 % ON LSE..TRADE HALTED
Posted by : hansal77
Bhailog, Pls post the entire story.
The GDR was indeep up 105% and trading was halted in it in LSE.
Reason - The buggers did not knew abt RIL`s bonus in the coming weak. They had to account for it which created this raise.
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Bogus Afterthought
Posted by : tallyDear radhika nandlal, Ram Jethmalini is a learned *jocker*. He makes people laugh. You can enjoy your moments of laugh without videograph and imagine the glory for short duration....
RIL GDR JUMPS 105 % ON LSE..TRADE HALTED
Posted by : vtycoon
hey sir
i dun track GDR`S ..I WAS BROWSIN ECONOMICTIMES SITE YESTERDAY SO DRE WAS A FLASH NEWS WICH SAID RELIANCE .....105 % ... SO I POSTED IT HRE
MAY BE SOME MALFUNCTION BECS HAD GDR RAISED BY 105 % RELIANCE WUDNT HAV FELL 2DAY :L
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Bogus Afterthought
Posted by : radhika_nandlal
Its so unfair that court proceedings cannot be videographed.
Oh that look on Mr. Salve and Mukesh`s face (when Ram Jethmalini said BOGUS AFTER THOUGHT) would have been auctioned for millions and pray what would have been the emotions on Anli`s face.. i would have burst out laughing did Anil burst into laughter.. lol...
Bihar govt issues legal notice to RIL
Posted by : subasu
The following excerpt from the BusinessLine explains the case of insider trading.
Mumbai, Nov. 23
Reliance Industries has filed for consent terms with SEBI to settle the regulator’s proceedings against it for alleged insider trading in shares of Reliance Petroleum in late 2007.
The company has proposed a payment of Rs 2 crore towards settlement of the case, sources confirmed. SEBI is understood to have assessed the gains from the alleged insider trading at Rs 513 crore.
An RIL spokesperson would neither confirm nor deny the development. It emerged on Monday that SEBI had sent RIL a show-cause notice in early October asking why the company should not be barred from accessing the capital market and why gains made from the alleged insider trading should not be disgorged.
Charges denied
This notice was a corrigendum to SEBI’s first show-cause notice, issued in April, asking RIL why action should not be taken against it for the alleged trading in shares of its then subsidiary Reliance Petroleum Ltd (RPL).
An RIL spokesperson said the company had sent its response to SEBI, but denied the charges against it: “RIL has always abided by all rules and regulations of SEBI and, hence, it has neither violated any provisions of Insider Trading nor has it acted in any manner so as to attraction provisions under Sections 11(i), 11(B), and 11(4) of the SEBI Act 1992. We have accordingly, submitted our detailed reply to SEBI and have not received any further communication in this regard,” he said.
In November 2007, RIL was found selling heavily shares of RPL. SEBI’s show-cause notice said that this helped to artificially depress RPL prices, helping a set of RIL group entities to round off their short positions in RPL shares in the derivatives segment, and allowing them to book profits. SEBI’s consent order scheme allows settlement of cases between regulator and entities against which proceedings are on. The order need not include a determination that a violation has occurred; neither does it mean an admission of guilt by the party concerned.
A high-power SEBI committee passes the proposals for consent. All SEBI show-cause notices carry a clause that the parties concerned can take advantage of the consent scheme if they do not want to contest the notice....
Bihar govt issues legal notice to RIL
Posted by : subasuInsider trading issue is not related to treasury sale of stock. This is about artificially depressing prices of RPL the cash market and earning profits in Derivatives. Please read the SEBI notice carefully....
Avoid reliance above 2000....
Posted by : subasu
It should be read as:
RIL always abides by Rules as it understands them and would interpret them....
Avoid reliance above 2000....
Posted by : subasu
It should be read as:
RIL always abides by Rules as it understands them and would interpret them....
Avoid reliance above 2000....
Posted by : subasu
It should be read as:
RIL always abides by Rules as it understands them and would interpret them....
Avoid reliance above 2000....
Posted by : subasu
It should be read as:
RIL always abides by Rules as it understands them and would interpret them....
Avoid reliance above 2000....
Posted by : pss5588
Chief,
Q
RIL always abides by rules!!
UQ
This should count as the joke of the century....
India Inc`s global shopping bag shrinks to 4-yr low: Dealogic
Posted by : mldey
NEW DELHI: India Inc`s overseas shopping spree has dipped to a four-year low of $27.3 billion so far this year, but a possible acquisition of
LyondellBasell by Reliance Industries would be one of the largest ever by an Indian company, according to deal tracking firm Dealogic.
"Indian acquisitions have dropped to $27.3 billion in 2009 year to date, down 37 per cent compared with the same period last 2008, and the lowest volume since the same period of 2005," it said.
The report says that RIL`s $12 billion acquisition bid for the bankrupt petrochemical firm LyondellBasell will be one of the largest acquisitions by an Indian firm abroad.
On Saturday, RIL said it had offered more than $12 billion in cash to acquire a majority stake in the world`s third largest petrochemical group LyondellBasell Industries.
"Reliance Industries` bid for LyondellBassell would be the second largest since the Tata Group bought the Corus Group for $13 billion in October 2006," Dealogic said.
If the deal materialises, it would be one of the largest international acquisitions by an Indian company and would create a global energy and chemicals powerhouse.
Cross border acquisitions account for 43 per cent of all Indian acquisitions in 2009 so far. So far this year this is the first major announced overseas acquisition by a domestic firm.
Next in line in terms of acquisition volume after the Tata`s Corus deal was by Aditya Birla group firm Hindalco`s $6 billion Novellis acquisition.
The other big ticket merger and acquisitions involving an Indian entity include Vodafone`s acquisition of Hutch Essar for $10 billion, Ranbaxy`s sale to Japan`s Daiichi ($4.5 billion), ONGC-Imperial Energy deal ($2.8 billion), NTT DoCoMo-Tata Tele ($2.7 billion), HDFC Bank-Centurion Bank of Punjab ($2.4 billion), Tata Motors-Jaguar Land Rover ($2.3 billion) and Suzlon-RePower ($1.7 billion).
According to global consultancy firm Grant Thornton, at the end of October, the total number of M&As involving an Indian firm stood at 234 deals with an announced value of $7.66 billion, against 405 deals amounting to $27.12 billion during the corresponding period in 2008.
Analysts say the deal would act as a catalyst to drive India Inc`s shopping spree and would also give a fillip to the slugging M&A activity in the country.
LyondellBasell last year had $50.7 billion in revenues and employed 15,000 people across 19 countries.
LyondellBasell`s American operations and one of its European holding firms filed for bankruptcy protections this year, weighed down by a massive debt and declining demand.
The RIL-LyondellBasell deal may take a few months to conclude. The successful bidder would be decided by the US bankruptcy court
.
LyondellBasell`s global manufacturing operations cover 61 facilities across 19 countries.
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