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Readings: TMC Madness, Goldman Sucks, Reliance GRMs

Deepak Shenoy1 min read
Quick Facts
What is "Readings: TMC Madness, Goldman Sucks, Reliance GRMs" about?
What category is this article in?
Commentary
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 14 March 2012.
How long does this article take to read?
1 min read

  • Railways Minister Dinesh Trivedi announces a hike in raild prices, and immediately Mamata Bannerjee, head of the Trinamool Congress (TMC) opposes it. The funny part: Dinesh Trivedi is a member of the TMC.

  • Why I am leaving Goldman Sachs: Greg Smith says the culture of helping customers is gone. If you read Traders, Guns and Money by Satyajit Das, it went a long time ago. No one now expects your bank to think in your favour.

  • Jet Airways NOT in financial distress, says Naresh Goyal, Chairman. Don’t believe any news till it has been officially denied.

  • Wipro’s founders were selling 3.5 crore shares (1.4% of the company) at a floor price of Rs. 418, which seems to have got only 71% subscribed. This auction thing will soon be replaced with promoters selling in the open market and then saying, oh, we sold it off.

  • Reliance has some GRM worries, says Deepak Singh

  • Chinese stocks fall 2.5% as Wen Jiabao says that home prices are still too high and curbs on them will continue.

  • And a phenomenal own-goal in Israel: