Venture Capitalists await clearance to enter India

The Indian market has now become a luring bet for the foreign VC firms, who are in the queue seeking clearance from the regulators. Around 66 foreign venture capital investors, like Google holdings, GE Capital Mauritus III, Argonaut Capital and Bessemer India Capital II are put on hold to prevent them from investing in the market at a very low price. I am not sure about the rationale behind this, investors are coming to India mainly because of low price and perceived stability compared to other Asian countries. More cash inflow is good for any country especially in the current…

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Holy Dow!!!

Holy Dow, Green Monday, Moola Mania… Whatever you call it, this is a big relief for U.S. stock market. What a ride we had in the last 10 days! Dow Jones climbed 936 point to offer much needed relief to the investors. U.S. stock market paper gains totaled $1.2 trillion Monday according to the Dow Jones Wilshire 5000 Composite Index. The massive rebound also pushed the Nasdaq composite index higher by 195 points, or nearly 12 percent, its second-biggest gain in percentage terms. The Standard and Poor’s 500, rose 104 points, its biggest point gain ever and an 11.5 percent…

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Jim Cramer Should Be Suspended!

Whenever Jim Cramer shouts “Boo-yeah” in the TV show, I laugh or change the channel depends on my mood. It appears that Jason Schwarz is really angry at Jim Cramer. He calls for Jim Cramer to be suspended. What did Cramer do? Last week, he asked all investors to sellout. After seeing today’s rally, Jim Cramer may regret his comments last week. No one knows whether today’s rally is sucker’s rally or a real one. I don’t know whether Jim Cramer should be suspended. It would be nice if he can tone down his drama in the television show. Sometimes,…

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American Economy Crisis

It’s getting worse every day. Washington Mutual failed today. FDIC seized the assets of Washington Mutual and sold the banking assets to JP Morgan for $1.9 billion. U.S. Congress is still debating whether to approve the bailout. Many banks are eagerly waiting for the free money. American President Bush warned the country about recession in his prime time television address to the nation. Even if warnings of economic catastrophe aren’t enough to win approval of a controversial $700 billion Wall Street bailout, the economy is not at risk of falling into a depression, most experts think so. Many experts think…

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SEBI to Ban Buying and Selling Tips

I guess that finally SEBI realized the dangers of brokers recommending stocks. Stock broking companies should not be allowed to offer “tips”. Their job is just to execute the orders from the clients. They should not handhold the clients. It’s a basic common sense, but most of the brokers in India just ignored that. It’s pretty easy for the brokers to “front-run” meaning that brokers can buy certain stocks in advance and then issue the “tips” to innocent customers to buy the same stocks. Brokers will sell their stocks for a quick profit in a day or two. SEBI finally…

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When there is Chaos…

…there is an opportunity. Bear Stearns is screwed up, it’s in total chaos. It’s a nice opportunity for JP Morgan Chase. JP Morgan agreed to buy Bear Stearns low interest rate payday loan,low interest payday loan,interest loan low paydayapproval guaranteed loan payday,guaranteed loan payday,fax guaranteed loan no paydayonline payday cash loanfaxless loan online paydayamerica cash loan paydayez payday loanadvance cash fax no paydaylow fee payday loanpayday loan,cheap loan payday,faxless loan paydayfast online payday loanonline payday loan applicationcanada in loan paydayinternet loan payday,business internet loan payday start,internet payday loanquick cash payday loanfax free loan paydayno fax required payday loancash loan payday…

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Renaissance Coming to India

I followed the news of Renaissance hedge fund for many years. I am always fascinated with the level of the success they achieved even in bear markets. According to VC Circle, Renaissance is coming to India. Overall, I think this is good news for Indian market. The New York based fund has received the approval from the capital market regulator SEBI. The entry of Renaissance comes after SEBI invited global hedge funds to directly come to India rather than using participatory notes to invest in Indian capital markets. Following this move, SEBI has registered around 200 foreign institutional investors in…

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Ramky Infrastructure files for IPO

Hyderabad-based infrastructure development company Ramky Infrastructure Ltd has filed the draft red herring prospectus with the market regulator SEBI for an IPO to raise about Rs 400 crore. This is one year after Ramky received Rs 125 crore funding from IL&FS Investment Managers and UAE-based Sabre-Abraaj Private Equity Fund I. In January 2007, Sabre-Abraaj put in Rs 75 crore, while IIML invested Rs 50 crore in Ramky Infrastructure. All Indian infrastructure projects are hot. Ramky infra will ride the heat wave. I am sure this IPO also will be over-subscribed. Get in, if you can. Another IPO from MCX is…

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“Gold”man

I wrote about Goldman few days ago. Goldman is set to report earnings today. As I write this, Dow Jones industrial futures rose 102, Standard & Poor’s 500 index futures rose 12.90 and Nasdaq 100 futures rose 15.50 in anticipation of better news from Goldman. Yesterday, the U.S. market went down because it didn’t really believe that Fed’s auction was going to help the market. Today, that is going to be changed by a single company – Goldman Sachs. People want some kind of comfort about real estate situation in U.S. Goldman is going to give them just that. When…

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At least, Somebody is Smart!

Sub-prime mortgage mess is taking its toll not only in U.S. but also in many other countries. People that were supposedly smart failed miserably and lost billions of dollars. Even banks in France bet and lost on subprime mortgages in U.S. It looks like only one company played this game smart. Goldman Sachs is set to reap a windfall as a result of bets made by its mortgage department that securities backed by high-risk home loans would plunge in value.  The well-timed move is expected to generate nearly $4 billion of profit for the year ended November 30th. Some people…

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