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Stock

The soaring Jet Airways

Jet airways has shot up from Rs.400 on 19th Nov, 2012 to Rs.542 on 27th Nov, 2012…a whopping gain of 35% in just one week.

The price movement has been attributed to talks being held between Jet Airways and Eithad Airlines for the latter to pick up a stake/enter a partnership with Jet.

We have seen this happen time and again with various deals …the latest instance being the United Spirits deal.

Now, in any country, such rampant rigging up of stock would invite regulatory scrutiny.But in India, such sharp price spikes are par for the course.Our regulator SEBI is fast asleep and has no inclination of ever waking up.

Methinks SAC’s Cohen should open an office here !

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Video

NSE’s Ravi Narain:Enormous room for derivatives in India

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Music Personal

Happy Guru Nanak Jayanti

Wish all readers a Happy Guru Nanak Jayanti.

Am reminded of one of my favorite shabads

 

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Links

Linkfest:Nov 28, 2012

Some stuff that I am reading today morning:

Indian journalists held for Jindal group extortion (BBC)

India, China have new territorial beef (WSJ)

Interview with Parle’s Chauhan (Mint)

Why the market is in love with J&K Bank (BS)

Crisis could cause Balkanization of Europe (Bloomberg)

Muddy Waters issues critical Olam report (FT)

Book Review:Tap Dancing to work (JeffMatthews)

Shanghai stock exchange closes at 4 year low (Climateer)

The London almanack revisited (NihonCassandra)

After the fat lady sings (FistfulofEuros)