Category: Breaking Corporate India Earnings News

The Indian Rupee Continues to Make New Low [Rs 64 in Todays Trade] against the US Dollar as the Finance Minister and his Cabinet Colleagues Continue to Govern Arrogantly without accepting the fact that they have performed the Worst. Foreign investors withdrew over $8 Bn in the Last Two Months as the Thugs of the Indian Government do not seem to understand the Economic Situation and are sticking to only one point Agenda of Social Spending[ Food Security, Rs 1 / Kg Rice etc] to Get Votes in the forthcoming elections.

Here are the moves by the Government that Led to the Collapse of the Indian Rupee and they are now shamelessly headed towards IMF for a Bailout Package. (more…)

We’d like to point out the Art of Corporate fraud which went unnoticed by the Chartered Accountants certifying the Books of Accounts of Listed Company – Vikash Metal & Power Limited. The NSE, BSE and the SEBI appear to be in deep slumber as we all know how the incompetent heads of these institutions are appointed and any honest efficient whistle-blower within the institutions is sent out.

Vikash Metal & Power Limited reports in its Books of Accounts a whopping Rs 9.04 Crore as Robbery. The books of Accounts are certified by CA. Rakesh Singh (MRN 067493) of Rakesh Singh & Co and the screenshot of the amount in question is as shown below. (more…)

The Food Security Bill passed by means of an Ordinance, without even tabling in the Parliament as it would attract Debate and Press Coverage on How it will Drain the Indian Central Treasury by over Rs 125,000 Cr every year will prove expensive for the Nation as it is evident that the Corrupt Congress Government wants Votes in the five state elections in Q4-2013 and general elections in mid-2014. (more…)

Narayana Murthy (NRN), Co-Founder Infosys assumed charge as Executive Chairman of Infosys assisted by his son Rohan Murthy, tweaking all the required amendments for the Infosys Rule Book. The Stock is up 7% in early trade and her si what various Research Analysts have to say about the return of NRN.

Mitali Ghosh and Kunal Tayal at BOFA-Merrill Lynch said, (more…)