Stocks

`Anil entitled to be RIL VC if de-merger fails`.

Reliance

Posted by : pyaretaj
Price when posted : BSE: Rs 2193.75 ( 0.81 % ), NSE: Rs. 2194.70 ( 0.80 % )

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NEW DELHI: Anil Ambani is legally entitled to be reinstated vice chairman of Reliance Industries Ltd (RIL) if its de-merger on the basis of the family pact fails, counsel for Reliance Natural Resources Ltd (RNRL) told the Supreme Court Wednesday.

The failure of the de-merger scheme also exposes RIL to the prospect of being wound up, said Ram Jethmalani, counsel for RNRL, while arguing before the three-member bench that is hearing the high-profile Krishna-Godavari gas dispute case.

"This will not be in the interests of millions of RIL shareholders ," the counsel told the bench of Chief Justice K.G. Balakrishnan, Justice B. Sudershan Reddy and Justice P. Sathasivam. "Under Section 392 of the Companies Act, if the scheme is not implemented, as envisaged, Anil Ambani is entitled to be reinstated in RIL board with full powers as existed before the July 27, 2004 board resolution." Prior to that, Anil Ambani was vice chairman, managing director and on the board of RIL.

The senior counsel said since Anil`s elder brother Mukesh is chairman of the company and its "alter ego" now, neither he nor the company were entitled to take the position that the family reorganisation pact was not known and take exemption from its liabilities. He said the RIL board resolution of July 27, 2004, virtually stripped Anil Ambani of all powers, status, honour and dignity while giving complete control to Mukesh Ambani. "This was the source of both anger and humiliation for Anil Ambani," he said.

"As promoter-director -- lifetime director -- Mukesh Ambani is not liable to retirement and does not require the resolution of shareholders," said Jethmalani. Accordingly, RIL cannot claim that the family business reorganisation pact brokered by Kokilaben, the widow of the empire`s founder Dhirubhai Ambani, between her two feuding sons, is not binding on the company. "The court has the power to supervise the scheme (of de-merger) which definitely ensures all hurdles are removed in the proper implementation of the scheme, particular those arising from dishonest conduct."

The three-member bench has been hearing the dispute over the supply of 28 million units of gas for 17 years at $2.34 per unit to Anil Ambani-led RNRL from the gas fields off the Andhra Pradesh coast, awarded to Mukesh Ambani`s RIL. The price, tenure and quantity were based on the 2005 family pact, but RIL subsequently said it could only sell the gas for $4.20 per unit, as this was the price, the company claimed, fixed by the government.

The Bombay High Court had earlier ruled in RNRL`s favour.
...

stuck

Cambridge Tech

Posted by : pallavac
Price when posted : BSE: Rs 27.15 ( 3.63 % ), NSE: Rs. 27.00 ( 3.65 % )

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this is not going up at all. what to do pls suggest...

20-20

BPL

Posted by : pallavac
Price when posted : BSE: Rs 39.05 ( -3.70 % ), NSE: Rs. 39.10 ( -3.81 % )

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in 20-20 all said k it will go up but from that day only its going down. what to do...

Always sell at high

AMD Industries

Posted by : pallavac
Price when posted : BSE: Rs 25.15 ( -0.20 % ), NSE: Rs. 25.25 ( -2.32 % )

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what is future price target of this compnay? if not upward move then suggest any other company in this range...

In reply to:

Always sell at high

Posted by : best_pick

Once again it proved as best short seller..
Days high 25.85
Now closed at 25.25

Tomorrow again short sell on 25.50-25.75 for Tgt 25

Happy Trading

Will it reach atleast 60

Amar Remedies

Posted by : pallavac
Price when posted : BSE: Rs 39.75 ( 0.00 % ), NSE: Rs. 39.60 ( 0.00 % )

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but i heard this is good company? now what to do & target price...

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Will it reach atleast 60

Posted by : ramki_y

The promoters have pledged 100 % of their shares in the company. Now they are issuing warrants/preferential shares in the company. Something is going on behind the scenes. The management has criminal cases against them for check bounce cases and non paymen of dues to suppliers according to prospectus filed with sebi pending in court. Dont know the outcome of it. Better be careful and check the facts before putting in hard earned money.

Accel-British Telecom Group

Accel Frontline

Posted by : pallavac
Price when posted : BSE: Rs 47.05 ( 0.11 % ), NSE: Rs. 47.25 ( 0.11 % )

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how was sept results & now will this stock go up or not...

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Accel-British Telecom Group

Posted by : svt

When you cheaper, cheaper compared to what ?

Regards

Reliance plans aggressive exploration

Reliance

Posted by : tara23
Price when posted : BSE: Rs 2193.75 ( 0.81 % ), NSE: Rs. 2194.70 ( 0.80 % )

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what i meant is no one will be there to judge who is cheat and who is not......

In reply to:

Reliance plans aggressive exploration

Posted by : fortis

U mean Mukbhai is cheat of cheats...Masters of cheats?

Fraud 66 % more

Mahindra Satyam

Posted by : rvk41
Price when posted : BSE: Rs 90.55 ( -10.92 % ), NSE: Rs. 90.75 ( -10.68 % )

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The Central Bureau of Investigation (CBI) has stumbled upon more evidence that could push the size of the fraud at Satyam Computer Services to Rs 11,875 crore from the initially estimated Rs 7,136 crore.

Submitting the supplementary charge-sheet in the financial fraud case, the CBI has claimed an additional fraud of Rs 4,739 crore.

Apart from this, Satyam investors might have lost Rs 14,000 crore during the crisis period.

Talking to reporters later in the Court premises here, Mr V. V. Lakshmi Narayana, CBI Deputy Inspector-General, said evidence showed that the accused raised Rs 1,931 crore by pledging shares and had pocketed Rs 748 crore by offloading shares.

“The accused had forged the resolutions of the board and secured loans and advances to the tune of Rs 1,220 crore,” he said.

The 200-page supplementary chargesheet contained 1,549 additional documents, 301 additional witnesses and nine ‘material objects’. With this, the entire documentation in the case so far runs into 55,000 pages.

The CBI also alleged that the accused garnered Rs 230 crore in the form of dividends on the highly inflated profits. “Besides, they had created fake customers and generated fake invoices against these customers to inflate revenues to the tune of Rs 430 crore,” Mr Lakshmi Narayana added.

In connection with the acquisition of shares of Nipuna Services Ltd, the BPO arm of Satyam, the CBI charged the accused with falsification of accounts to the tune of Rs 180 crore.

Mr Lakshmi Narayana said the CBI could map the huge extent of assets, valued at Rs 350 crore, acquired by the accused with the fraud amount. “In all 1,065 properties were identified. The list included 6,000 acres of land,” he said.

The CBI alleged that the accused tried to cover up the whole fraud by carrying out the Satyam-Maytas acquisition deal. “In this process, they wanted to cheat the investors of Maytas Infra and Maytas Properties,” it pointed out.

“We are contemplating filing separate charge-sheets pertaining to the diversion of funds of Satyam and fraud with regard to IT returns of Satyam. These acts amount to distinct offences,” Mr Lakshmi Narayana said

For information,with regards
rvk41...

BEWARE OF HYDERABAD BASED SMALL COMPANIES

Alkali Metals

Posted by : jagga
Price when posted : BSE: Rs 132.05 ( -0.64 % ), NSE: Rs. 131.70 ( -0.72 % )

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The next award for mr.YVSS MURTHY would be
SATYAM RAMALINGARAJU AWARD for having brought down alkali shares from 400 to 131 in record period of time....

In reply to:

BEWARE OF HYDERABAD BASED SMALL COMPANIES

Posted by : binodmenon

This was the latest news:
Andhra Pradesh Chief Minister K Rosaiah tonight presented noted Industrliast Dr Y V S S Murthy, Chairman, Alkali Metals Limited, the All India Manufacturers Associaiton ``Lifetime Achievement Award instituted in memory of Bharat Ratna M Visveswaraya.

What is this all about

ANOTHER DOWN C I R C U I T. .

Austral Coke &

Posted by : tara23
Price when posted : BSE: Rs 8.99 ( 2.98 % )

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lage tho aapka moo me ghee shakkar......

In reply to:

ANOTHER DOWN C I R C U I T. .

Posted by : jingu

Thanks Tara, But its true, Kya kare ye hai hamara INDIA.. ; )

AusCoke main he shayad lottery lag jae ; )

Also keep a track on :
PATNI - Could rally upto 700.
TCS - If breaks 750 could shoot up to 1200 levels.
BUT ALL DEPENDING ON HOW MARKETS PERFORM.

G L & H I.

Buy Moser Bear . First Target 100 then 110

Moser Baer

Posted by : tanna_77
Price when posted : BSE: Rs 80.00 ( -2.44 % ), NSE: Rs. 80.35 ( -2.13 % )

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It`s Trading below it`s book value of Rs 100/-, i am not able to understood why it`s trading lower & lower i heard that 78 is majour support let see what happen to this stock. ...

In reply to:

Buy Moser Bear . First Target 100 then 110

Posted by : StockTips

Buy Moser Bear . First Target 100 then 110. Investors / Traders are accumlating this stock . Will have a big run up soon

BSE Announcements on Prithvi Info

Prithvi Info

Posted by : knamputhiri
Price when posted : BSE: Rs 63.85 ( 0.71 % ), NSE: Rs. 63.85 ( 0.39 % )

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unlucky people like me got into this share. More so do with the actual investors who even in public issue paid a huge premium to this co. They are not investor frienly. What to do. wait, wait and wait...

In reply to:

BSE Announcements on Prithvi Info

Posted by : MMB Messenger

With reference to the earlier announcements dated May 15, 2009 and August 05, 2009 about the development and update on Deutsche Bank (DB) case, Prithvi Information Solutions Ltd has now informed BSE that the following is the present status:

"DB initiated process with Debt Recovery Tribunal (DRT), Bangalore and obtained an interim injunction by freezing some of Companys bank accounts. DRT has vacated the interim injunction on October 20, 2009 and passed strictures on DB stating that they have obtained interim injunction by suppressing the material facts."

Lok will touch 250 in one year

Lok Housing

Posted by : knamputhiri
Price when posted : BSE: Rs 39.35 ( -2.60 % )

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Dear Guest, Unless you do not make entries, in your name, no body is going to take your words for granted. What is the problem in revealing your identity, so that we can track you and your other messages. Responsible people like me do that, ie, always make entries in our name only...

In reply to:

Lok will touch 250 in one year

Posted by : Guest

SP Tulsian has recommended Ajmera Realty. Its equity is 35 crores. It has 150 acres of land at Mumbai, Pune, Bangalore. Tulsian estimated the value of these propeties at 2000 crores.
LOK is very much similar to Ajmera. Equity 40 crores. Land (clear tiltle) holdings of 550 acres. In addition it has partly owned land of around 650 acres. Value of 550 acres alone will be 8000 crores. Debt is around 50 crores only. Tulsian recommended Ajmera at 200 Rs. If you apply the same rule to LOK, its per share value will be around 2000 Rs.

LOK has cleaned up its balance sheets recently. Soon they will go for GDR/QIP/Preferential shares to promoters.
DO NOT SELL AT ALL.

ONLY BUY. BUY. BUY.

In one year it may cross 250 Rs....

whats the target

NHPC

Posted by : investor11
Price when posted : BSE: Rs 31.00 ( -1.74 % ), NSE: Rs. 31.00 ( -1.74 % )

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State-run hydropower player NHPC Ltd is likely to miss its 111th plan capacity addition target by 800 mega watts, a senior official said.

The company was provided a capacity target of 5,322 mega watts in the 11th plan, out of which one project of 800 mega watts capacity is likely to be shifted to the 12th plan target, director-planning, B.R.Saraf, told reporters.

...

In reply to:

whats the target

Posted by : Geronimo

this stock movement will depend mostly on commissioning of new projects and related earning impact. Not much is expected in the next 9-12 months.

In my view this will continue to slide / bounce and then slide a little more reagardless of market condition in general. Should bottom out around 25 levels in the next 3 months.

TCS to climb UP with sideways sharp movements to 700+

TCS

Posted by : trulyfair
Price when posted : BSE: Rs 703.60 ( 0.74 % ), NSE: Rs. 702.80 ( 0.54 % )

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TCS is expected to be a market perfomer if no an outperformer from here on. Rumblings of a new structure being put in place by a younger CEO who is aggressive on growth. Expect Higher dividends and a bonus in his maiden year as CEO. Even if it is 1: 3 or 1:2 and not 1:1 like in the past. TCS has a low base of capital and to do large deals needs to have a higher capital base and with high cash flow and profits they can continually do that. ...