Categories
Observations

CNBC: Fake it till you make it

Source: Ankit Chaudhary

Categories
Observations

Katyal Ka Kamaal

Capacite Infraprojects is due for an IPO shortly. Backed by pedigreed investors, the Company has come a long way in a very short time.

Interesting to know that the MD of the Company is just a 12th Std Pass.

Perhaps my Granny was right after all:

Padhoge likhoge toh hoge kharab

Jo tum kheloge kudoge toh banoge Nawab

Categories
Annual Reports Observations

Sun TV: Charity Begins At Home

Source: Sun TV Annual Report

Amount spent by Sun TV on CSR

Amount spent by Sun TV on the salaries of the Promoter and his wife:

SHAME, SHAME !!

Categories
Excerpts Observations

When your Auditors are Jokers

Source: Aniruddha Jain

-From Financial Results for Prima Agro Ltd

Categories
Observations

How to screw shareholders- ITC Version

IiAS recommends voting AGAINST ITC’s decision to pay a monthly remuneration to Yogesh Deveshwar, the company’s non-executive chairperson. IiAS believes the board structure, and the proposed remuneration, signal Yogi Deveshwar’s continuing control over the company, which undermines the recently appointed CEO Sanjiv Puri. Once Yogi Deveshwar has stepped down, he must let go.

IiAS believes the board’s recent decision to pay a monthly remuneration to Yogi Deveshwar undermines the position and responsibilities of the CEO. At an aggregate remuneration estimated at Rs.127.1 million , his remuneration is higher than 90% of CEO’s and whole-time directors of the S&P BSE 500 companies. Although Yogi Deveshwar’s proposed remuneration is in the same range as that of the CEO, Sanjiv Puri, IiASestimates that, based on the past, his remuneration – in actual terms – will be higher than that of Sanjiv Puri.

To read the complete report, click here