Mr. subasu if any thing in my article is wrong kindly let me know because it was written after refering to tax law...

CAME ACROSS THE FOLLOWING OBSERVATIONS There is not much financial information around. The company Lyondell (US based) and Basell (Nethrland based) merged only in 2007 and the combined company is in bankruptcy. Had it been all share deal, things would have been different. I do not like the mergers of two bankrupt companies. That merger has not even consolidated, and this Mukesh is leading RIL into another merger or take over. When Time Inc was in difficulty, it sought the merger with Warner Communications. Every analyst heralded the merger – except me. It then became Time Warner (Like Lyiondell & Basell). The company’s debt sunk into junk status. Then they saw American On Line (AOL) having fastest growth with no assets. They merged to become AOL Tme Warner. When the dotcom busted, they dropped AOL and now it is proposed to be spun off. Mukesh is following exactly same pattern. On one hand, he is turning his own blood and brother into bitter enemy and now seeks to make multiple enemies into best friends. Stupid. Any Indian company making acquisition in USA is bound to fail, because their system of accounting is weird and culture too is complex. The legal system of US generally favor locals – its transparency is sugar coated. My general view is that whoever invested in USA and China ultimately suffered heaviest losses in less than 3 years. Examples: Chevron, Panasonic, Sony, British Airways, etc. From India, Hindalco’s acquisition of Noveilis. Philip Morris after 5 years got out of China, Dairy Farm of Hong Kong also came out of China, Kraft food products, maker of Kraft cheese, does not make enough money in China and it is coming out. Those who want to lose money big time in less than 3 years buy companies in USA and China – and my opinion still stands. Of late, the Mukesh Ambani is making increasing number of strategic mistakes. He does not have US$ 12 Billions, so he will have to borrow extremely large sum from the debt market (when the interest rates are likely to rise dramatically). He has realized that the growth in RIL is now limited, so he is venturing into costly acquisitions. He had never bought a company worth US$ 3 billions, why does he go for $ 12 billions when the USA is in recession, Europe is in recession (company is headquartered in Netherlands) and the interest rates though low now will rise to double digits in no time? I believe that RIL is driven in reverse gears with full speed with no front mirror. GET OUT OF RIL as soon as possible. Mukesh is leading his flagship company to bankruptcy. He has lost focus. There were large amount of forex losses (mostly derivative contracts like CDO or CDS but appear to be concealed in the name of Forex losses – this is why RPl was merged with RIL) ?????????...

Young Shud be frugal, save but not take risk, for the name of risk, or whatever it is, they are fleeced by conman, and it applies to our country, which is young, in a relative sense, to the so called advanced eco. of the world. CNBC not telecasting the live telecast of Jt. Press Conference of our P.M. and US Pres, An english channel, but the that is there on CNBC awaaz,A HINDI Channel, though the press conference was IN ENGLISH. ...

agreed. ...

These three are best telecom company stocks, stay invested and accumulate on dips at all levels....

agreed. ...

2 crore for 531 crore? SEBI has asked for disgorgement of profit made by Reliance and allied entities from trading in RPL. More than a million shareholders have been affected by this. How much each of them get- Rs.20/- each?...

For the definition of `turnover` in relation to derivatives transactions, please, read the case law referred to in my homepage....

The shares are already tax free being one year old ones. You can as well sell directly from your account and escape taxation on these gains.

Transferring them first to wife`s account and then her selling within a month is just touching nose in a roundabout way....

Yes, please, remain invested.

All the news floating around and analyses that the LB takeover will bring doom to RIL or LB takeover will greatly enhance the profitability of RIL should be taken with a pinch of salt.

The downside risk is around Rs. 750-800 post-bonus. While additions at levels above 2000 should be made with caution, the scrip deserves attention at every dip below 2000.

Please take considered decisions. Risks and rewards shall be entirely yours....

Airtel`s service is one of the best in the country, when compared to those provided by Vodafone, Idea and MTNL/BSNL.

The biggest gainer in this price war will ultimately be Bharti. Buy and make merry!

(I am invested in Bharti, Idea and RelCom.)...

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....

Insider 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....

It should be read as:

RIL always abides by Rules as it understands them and would interpret them....

Insider 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....

The baby is no more a baby; it has grown into a 62 year old person. It did grow well groomed when it was 25. Then, grandmother took over the reins of managing her. She was a strict disciplinarian. She undid some of her father`s grooming the child.

Uncles, chaachaas tried their hands then! When the person was 50, a younger person took over caring for the child.

Now, there are too many relatives around the old person. Someone is giving BP tablets and another pills for managing diabetes; the old person also has sugar(!) problems.

Some say that actually cancer too has caught hold of the person!

We are waiting for international experts to advice us on the right type of treatment.

All is not lost. We are sure to get at the root of the problems!

Now, the oldie (62 years) stands at crossroads. She has computers everywhere, maals everywhere, plenty of production, lot of gas and oil, ...

It is too simple.

Go to google. Click on google mail. You need to log in with your ID.

Click on `compose mail`.

You are presented a letter pad.


There is also the letter a in Hindi. Click on it.

Start writing with roman script whatever you want to say hindi. Lo and behold, your hindi letter or essay or poem is ready.

Here is a sample.

जाम चलने लगे दिल मचलने लगे
चेहरे चेहरे पे रंग ए शराब आ गया
बात कुछ भी न थी बात इतनी हुई
आज महफ़िल में वह बे नकाब आ गया

एक ही वक़्त में उसके आने से था
चांदनी का सामान, रौशनी का गुमान
कोई कहने लगा माहताब आगया
कोई कहने लगा आफताब आगया

दिलकशी क्या कहें नाज़ुकी क्या कहें
ताज़गी क्या कहें ज़िन्दगी क्या कहें
हाथ में हाथ उसका ऐसा लगा
जैसे हाथों में कोई गुलाब आगया

हुस्नवाले तेरी बात रखनी पड़ी
आगयी इम्तिहान की वोह आखिर घडी
पूछ ले पूछ ले आइना ही तो है
देख ले आज तेरा जवाब आ गया

नाम अपना कहीं पे लिखा तो नहीं
बस इसी बात का करले आज तू यकीन
आओ राही ज़रा पूछ कर देख लें
अपनी दिल की वोह खोले किताब आ गया

नदीम
...

RIL will continue to underperform.

To match the Index or other peers, RIL will have to shore up their bottomline. Even though juicy news have their value, knowledgeable buyers do not fall for such information.

Show me the Profit and rising EPS; then only will I buy RIL shares -- says the common investor....

Parts of Uttar Pradesh speak urduised hindi. Agra and Lucknow regions in particular.

Most Hindus in Agra area can read, write and speak Urdu like any other knowledgeable muslim.

Premchand`s stories had a strong Urdu backbone.

...