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Month: November 2012
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Linkfest:Nov 29, 2012
Some stuff I am reading today morning:
Goldman Sachs upgrades India to overweight (Reuters)
India to launch world’s biggest cash to poor program (WSJ)
Maruti pleads inability to pay 1200 Crores (ET)
Indian companies second worse in fraud (FE)
An anti India coup in Male (Mint)
Health Insurance:How to make a claim (Ramadvice)
Indian family fights for justice (Bloomberg)
The investor is fleeing and other market myths (BusinessWeek)
Assholes: A theory (Macleans)
Remembering legendary investor John Templeton (BusinessInsider)
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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 !
Wish all readers a Happy Guru Nanak Jayanti.
Am reminded of one of my favorite shabads