Yesterday, Anil Ambani had a conference call where he briefed the media. There was no Q& A.
The full media release can be seen here
What I found most interesting was that nobody is willing to lend to an Ambani !
This media release lead to even more questions…..
And today, Investors got the shock of their life when they learnt the statutory auditors of Reliance Capital have resigned
Grab your popcorn folks, picture abhi baki hain !
Some stuff I am reading today morning:
Auto Sales fall 21% in May (Mint)
Former CEA questions GDP data (MC)
IL&FS probe reveals more shady deals (ET)
Modi 2.0 to focus on labour reforms (BS)
Sector Focus: Road Construction Companies (Ventura)
EV Switchover deadline is foolhardy (Rajiv Bajaj)
2000 Cr Ponzi scam in Bangalore (Money Life)
Criteria for Liquidations (Walter Schloss)
Operational Momentum (Irrelevant Investor)
Investing as a hobby (David Schawel)
Dalal Street’s Finest had a touching faith in the management and business of Sintex Plastics as can be seen from below:
Today the Stock Price became single digit
Forecasting Folly, anyone ?
Ek:
Do:
Teen:
Source: Moodys
