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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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   Posted: 11/Dec/2007 at 4:24am |
Teddies already knows this.....
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Don't bet on pig after all bull & bear in circle.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 11/Dec/2007 at 9:07am |
May not be relevant here, but very interesting:
It's puzzling to me why bankers have come up with these new ways to lose money when the old ways were working so well. ---John Stumpf, CEO of Wells Fargo
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 17/Dec/2007 at 10:44pm |
Gobal ambitions of India Inc....
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Indian conglomerate Tatas are now reportedly looking at a potential bid for a British investment bank that was once its advisor.
According to media reports here, Tata group is among the potential suitors for over 100-year old British investment banking firm Close Brothers.
Tatas are among various potential bidders such as private equity giant Blackstone and Japanese financial group Orix, according to media reports here.
Founded by William Brooks Close, the services of Close Brothers include investment funds, wealth management, securities trading, corporate finance advice and lending.
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 17/Dec/2007 at 7:28am |
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Remember that Rajnigandha adv ' unhone hum pe 400 saal tak raj kiya hai ab hamari baari hai'. On a serious note I saw sterlite bidding for IFCI and the subsequent Anil agarwal interview where he said that Financial inst. Have a great future for the next decade.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Vamsee
Senior Member
Joined: 09/Dec/2007
Location: United States
Online Status: Offline
Posts: 149
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Posted: 17/Dec/2007 at 8:08am |
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Basant ji,
Is there anything positive about Sterlite? I am currently holding IFCI and hoping that GS led consortium might take the stake. I am now seriously contemplating selling of as I am not very fond of Sterlite and Morgan Stanley looks like they are just lending their name.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 17/Dec/2007 at 8:21am |
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My personal experience (less logic) has been that when someone makes an open offer the stock price tends to fall post the offer and then go higher up in the next couple of years. But at these valuations there must be something special that sterlite sees and which we do not.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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PrashantS
Senior Member
Joined: 14/Oct/2006
Online Status: Offline
Posts: 1294
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Posted: 18/Dec/2007 at 12:07pm |
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i think it is the land bank which they have in key areas
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 18/Dec/2007 at 5:10pm |
Banks aspiring to become global must have a presence in India and other emerging economies, which are set to become a major source of financial sector revenue and profit growth.
"In the near future, banks will not be able to say they are global unless they have a presence in China, India and a few other countries, because these emerging markets are going to be a major source of financial sector revenue and profit growth," the international consulting firm said in a report prepared jointly with UK-based research firm Oxford Analytica.
The report, titled 'Strategic Business Risk 2008 - the Top 10 Risks for Business', noted that a late entry into these Asian markets would make it difficult for foreign banks to keep up with competition.
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Life can only be understood backwards—but it must be lived forwards
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