I think that Satyam is a buy at these rates. Between 2nd March 2010 and today, I have added 455 shares of Satyam to my holdings....

you are perfectly correct maxim. But the funds did not go directly from satyam in to maytas property. A million dollar question only raju can say right. Master mind white wash. pitquote ...

Road Minister Kamal Nath has embarked on the world’s most ambitious highway development plan. He will encounter several hair-pin bends on the way. Developers and financiers say a razor sharp mind lies behind his often deadpan expression. Nath has worked hard since he took over in June 2009. In eight months the National Highway Authority of India awarded projects worth Rs40000 crore. By the end of March , the figure could touch Rs 55000 crore. While it might fall short to the target of Rs 100,000 crore set for this year, it is by no means a mean achievement for a first year in office. Government support to the sector is evident in the Rs 19894 crore provision that the finance minister has allocated in this budget for building roads. India Infrastructure Finance Company will also increase disbursements to Rs 20000 crore by 2011 to finance these projects. Nath is spearheading the National Highway Development Programme that aims to build or upgrade 47000 kilometers of highways by 2015. The Biggest such plan opening up for investment anywhere in the world. The Minister has also set for himself a tough target: To build 20 km of roads every day. Naturally the industry from cement makers to road developers is salivating at the prospects of contracts that will be worth Rs 100,000 crore ($22 billion) each year. Over 80% of the highway projects being executed by the NHAI are running behind scheduled and the state run organization is yet to complete shake off the lethargy of the past. Big Challenges A Getting equity B Realising 20 km dream is the lack of capacity in the system to handle projects worth Rs 100,000 crore each year. C Acquisition of Land for example Uttar Pradesh has not acquired land for a single NHAI project in recent years. For Kamal Nath whose political base is in rural Madhya Pradesh, the value of road linkage is apparent. He was reminded of that at the Delhi Auto Expo in January as he ran into visitors from Chindwara, his Parliamentary constituency. They had all come to Delhi to check out the latest car models. A disposable income of one lakh may not mean much in Delhi but in rural areas, it means an SUV he says. For their sake, Kamal Nath can not afford to fail. Excerpts from India FORBES ...

Mah Satyam demands Rs 300 cr tax refund: Sources Published on Fri, Mar 19, 2010 at 13:05 | Updated at Fri, Mar 19, 2010 at 13:08 | Source : CNBC-TV18 If Ramalingam Raju inflated his profits, he also paid more as taxes on those higher profits. Or so it now seems. Sources tell CNBC-TV18 that Mahindra Satyam has now demanded a tax refund of Rs 300 crore which they claim was paid on the inflated balance sheet. The Ministry of Corporate Affairs is learnt to be in discussions with the Finance Ministry over this matter. The Finance Ministry has however asked for the audited accounts before deciding on the tax refunds. The re-statement of accounts is likely to be completed by April end. Mahindra Satyam was unavailable for comment. In late 2008, Raju had shocked India Inc when he confessed to a scam to the tune of over Rs 5,000 crore. "No board member had any knowledge of the real situation. Accrued interest of Rs 376 crore in books is non-existent. Rs 1,230 crore was arranged to Satyam, but was not reflected in the books," he had said in his confession. -------------- Financial statement date is in line with our expectation....

Life is a coin. You can spend it anyway you wish, but you can only spend it once."...

Morgan Stanley January 2010 MACRO; ACCELERATION IN REFORMS TO ENHANCE THE SCOPE OF RECOVERY 1 Moving to the A in POTA cycle: Every major policy/regulatory change in India must go through a one to three-year cycle of POTA (Proposition, opposition, Treaty-Consensus and Action) This evident in a number of policy changes implemented in the last few years 2 The good news- many key reforms are moving towards the Action phase: The most prominent measures likely to see action in F2011 are *The Goods and Services Tax system: Transition to GST will be important milestone from a Macro perspective. While the government had earlier announced its intention to implement it as of April 2010, it appears that it will most likely implemented as of October 1,2010 ** Consolidation of the public sector deficit: The Government is expected to take the first step towards reducing the deficit to more sustainable levels in the February 2010 budget. The recent report of the 13 th finance commission will be a good guide for the government to move on this correction path. The Govt will be cutting expenditure to GDP by 1ppin F 2011. A simultaneous increase in tax to GDP should help cut the combined deficit to 9.2% of GDP in F 2011 from 10.7% of GDP in F 2010. Further reduction in the deficit to 7.7% of GDP in F 2012 will take place. ***Meaningful steps towards divestment of the government stake in SOE’s: There will be significant pickup in the government’s divestment from March-April 2010. In 2011 the government could collect US$ 10 billion from divestments. **** Acceleration in infrastructure spending, particularly in road: After steadily rising to 5.7% of GDP in F 2008 from the trough of 3.7% in F 2005, infrastructure spending has been stagnant over the last two years. We expect infrastructure spending to start rising again in F2011. We expect infrastructure spending rise to 7.7% in F2013 from and estimated 6.1% of GDP in 2010. ***** Direct Tax Reforms: The ministry of finance has already put out a draft of new code for direct taxation. ...

Dear All, This is reference to my article posted on 7th March 2010 under the caption Market@View. It was clearly said that 4940-4942 is again a crucial level for Nifty above which the upside likely to remain continue upto 5080-5180-5285-5300.....the Nifty hits 5209.25 on the higher side finally closed at 5198.10 Thanks & Kind Regards, Manish Bothra, Money_Mystery SMS, Kolkata....

SM 1 Read in between lines oh Khurshid statement that stratagic investor to b found for MYTAS PROPERTIES.I think Satyam funds were diverted to MY PRO and not to mytinfra.Anyway results and clear ac will b ready be4 june deadline....

Puneinvestor U r absolute right.This share is beaten by so called analysts and operators to buy cheap.Once small investors sell in panic it wl jump to new high....

Expect atleast Rs 2/share dividend.Once result and div announced it wl go up....

Just notice that prices of sugar again rising from last 3 days as parliament session is over.Prices wl shootup in june as shortage will start after crushing is over by April.Best chance to grab shares like dhampur since one can get 100% profit in one year....

SM 1 Asking for only 200-250 crs refund points (1)Accounts r ready.(2)Satyam infact earned profits in 2004-2008 but syphoned d money.(3)There was not that overbilling or overstating d profits as claimed by Raju.(4)If Raju statement that revenue and profits were that much then refund would hv been atleast 1000 crs and not 200-250 crs....

bankerram When u talk about our judicial system I wl give my own experience.I filed a case against govt dept in 1984 and got fav judgement in H.C in 1987. govt filed appeal in 1992 and delay was condoned.Finally hearing started in 2008 and after 3 hearing judgement was reserved in sep 2009.Suddenly one of 2 judges who heard appeal was transferred so now again hearing wl start afresh.So atleast my grandson wl get d final judgement.Thank god RIL-RNRL being big guys got fast hearing so expect judgement atleast in 2010 provided any judge who heard case is not transferred or retire....

pyaretaj If u dont expect a doctor to handle lathe,how do u expect an industrialist or refiner to handle a kirana shop or vegetable carting?Do they know that dabbawalas of Mumbai network is better than computor network.So instead of copying walmart,carefour or metro let our industrialists concentrate on their expertise on manufacturing or refining instead of selling Lux soap or vegetable carting....

bhusbhac 1 BARREL = 175 LIT SO CRUDE AT 80$/b = Rs 3760 =Rs 21/lit so import duty @5%=Rs 1/lit.Now assuming ref margin of 10% petrol cost to refinery is Rs 23 .Idont understand where d balance Rs 30-33 goes.It all go to govt coffers and still govt cries SUBSIDRY SUBSIDRY.Let govt answer this simple calculation instead of crying WOLF WOLF....

Hey Stroha Now it is clear from todays figures that even this year sugar production will not reach 16 millon tons so d gap between demand and supply wl b more than last year as demand wl b 25 mill tons compared to last years 23 mill T.Even today I noticed that dhampur goneup in d fanal hour.This is clear sign of bullishness.I expect it to reach new high in May.BTW I m from India like Shahrukh wanted all hockey players fm india and not like Biharis Madrasis Marathis or bengalis....

GOLD FINGER Unfortunately I use my own brain in market rather than depending on biased reports in B.TODAY or CNBC OR e.t ETC....

bhusbhac Thinking positive about one particular share doesnot and willnot make a man positive.If u c my msgs in hanung jkl dhampur niit 3i ommetal u wl find that I was positive on all these for months and these hv given me triple returns.Also I was d most positive on market as a whole for 2010 if u c my msg of new year.I always believe in NEVER PUT ALL EGGS IN ONE BASKET.Even market now a days discount value of co which go for buying offshore loss making cos just to fulfill promotors ego at d cost of investors....

bhusbhac If expressing ones views is called exaggeration I would rate yr msgs on RIL as most EXAGGERATION ONE.Everybody knows that RIL is underperforming NIFTY.Reasons r same as I m writing.Shares r traded not on current situation but future.Look how BHARTI tumbled bcs market think that buying Zain wl affect its future earning....