Calling a press conference today, and a board meeting tomorrow, definitely tells you that it is a precursor to something big and Axis Bank squarely fits into the scheme of things for Kotak, said Anil Singhvi of Ican Investment Advisors.
Speaking to CNBC-TV18 Anil Singhvi of Ican Investment Advisors said that he was amused by the Rs 2500 crore cheque. It is not the best allocation of funds, he said, adding that it was a misallocation of funds for taking Cyrus out.
The main concern is for the minority shareholders who have not been given any concrete reason for Mistry‘s removal, said Anil Singhvi of Ican Investment Advisors. The company should have been more responsible in the way things were handled.
In the company‘s Annual General Meet (AGM) on Monday, 65 percent of minority shareholders approved it. The shareholders include names like KKR, Goldman Sachs and Kotak.
Speaking to CNBC-TV18, Anil Singhvi, Chairman of Ican Investment Advisors, said that Rs 850 crore coming from the same coffer should be divided equally among the shareholders.
Ahmedabad-headquartered soda ash and chemicals maker Nirma has been striving to firm up its base in the cement business without much success and the Lafarge deal, though expensive, proves to be a strategic fit in scaling up its capacity significantly from 2 million tonnes currently, experts say.
Nisha Poddar of CNBC-TV18 was joined by Puneet Dalmia of Dalmia Bharat, Anil Singhvi of Ican Investments Advisors and Vikram Hosangady of KPMG to understand the big deal between JP Associates and UltraTech Cement, and other deals in the offing.
Manoj Kumar, Former MD & CEO, Ricoh India, said he had no role to play in the malpractice allegations doing the rounds at Ricoh India.
The Ricoh India is completely identical to the Satyam fraud; the revenues, receivables and inventories are all padded up, says Anil Singhvi, Chairman of Ican Investment Advisors.
The Sensex plunged 654.25 points to close at 27457.58 and the Nifty fell 188.65 points to 8342.15.
Reports say that mining baron Anil Agarwal is mulling merging Cairn and Hindustan Zinc into his flagship Vedanta Group firm Sesa Sterlite to create a global natural resources giant to rival Rio Tinto or BHP Billiton.
Anil Singhvi believes renegotiation of double taxation treaties has been on the anvil for sometime now. According to him, Raghuram Rajan needs to look at the interest rate scenario in a more global context.
Cos Act Ep#17: Series Finale
JP group promoter has done more damage to the organisation by diluting stake worth just Rs 170 crore which led to a severe correction in the stock price causing collateral damage of more than Rs 10,000 crore.
In a detailed discussion, former finance secretary, S Narayan along with CS Verma, chairman and managing director, NMDC and Anil Singhvi, ICAN Investments share their views on the government‘s attempts to rein in the fiscal deficit at 4.8 percent.
Murthy himself said it would be hard to 'imagine an Infosys without Bala's commitment and passion‘.
ITC | Maruti Suzuki | ACC | Ambuja Cements | Elder Pharma | Wockhardt | Diamond Power | Hero MotoCorp | Cairn India | Novartis India and Central Bank of India are stocks, which are in the news today.
According to Anil Singhvi, the Holcim-Ambuja merger is nothing short of a fraud played out on the minority share holders in India.
Telecom products firm Subex is locked at 10 percent upper circuit on Monday after two of its independent directors said they see revival in the company by June 2013.
Motilal Oswal organised a special panel discussion on role of competitive strategy in wealth creation. The panel included Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal, Amit Chandra, managing director head -Indian operations, Bain Capital and Anil Singhvi, chairman, Ican Investments Advisors.
Subex founder's sheer ambition triggered the company's meteoric rise and its catastrophic fall.
Fourth quarter corporate earnings may have broadly met market expectations, but Anil Singhvi, chairman of Ican Investment Advisors feels the numbers are a sham.
Anil Singhvi, chairman of Ican Investment Advisors feels this is a highly inflationary Budget and expects fiscal deficit to remain at 5.1%. He predicts the government’s huge borrowing to be a major issue.
Anil Singhvi, chairman of Ican Investment Advisors, tells CNBC-TV18 that the market is eagerly awaiting cues from the Union Budget to make its next move.
The Indian market witnessed a spectacular rally today. But today’s rally has not toned down experts’ bearish view. They say it is a technical pullback and advise investors to be in cash.