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Stocks
Speciality Restaurants Gets 2.54x Subscription
The Speciality Restaurants Limited IPO has ended, with a 2.54x subscription. Most of that came in from institutions who demanded more than 4.6x what they were ...
General
Chart: Market Cap To GDP is 63%
With popular request (from Kaushik) I have updated the Market Cap to GDP chart for India. Market Cap is the total NSE Market Cap at the end of the month, and ...
Charts & Analysis
CPI for April 2012 at 10.36% vs. 9.38% in March
Consumer Price Inflation has come in at a whopping 10.36% for April 2012. The March number has been revised marginally down from the first reported 9.47% to ...
Commentary
Losing Freedom, Everywhere.
Things aren’t going well for freedom nowadays. First, a high court banned Vimeo and ThePirateBay, because ostensibly they carried pirated versions of a ...
Stocks
Sterling Biotech Defaults, Biggest Ever
From Bloomberg (HT Reader Atul Mittal on my original post): Sterling Biotech Ltd. (SLT), a gelatin maker based in Mumbai, didn’t pay $184 million of ...
Charts & Analysis
Chart: Dollar Hits All Time High
The USD-INR ratio hit a massive 54.3875 (RBI Ref Rate) and 54.56 in the spot market today. Ooh. This is bad. The crude price falling about 10% from the 124 ...
Commentary
John Arnold Shuts His Centaurus Energy Fund
Legendary fund manager John Arnold told investors that he was closing the Centaurus Energy fund, to pursue other interests. Arnold was one of the ...
Stocks
Will Sterling Biotech Default on FCCBs Today?
Sterling Biotech is in serious trouble. With plunging revenues and a very high debt cost, they’re now also going to have to pay back $183M worth Foreign ...
Commentary
Gold is 1/4th of India's Trade Deficit
NRIs who were returning to India were allowed to bring in upto 10 kgs of Gold (on payment of customs duty) Now that limit has been cut to 1 kg, because ...
Economy