panch-tattva talk… TM to raise funds

Friends,

 

TATAMOTORS has decided to raise Rs 7200 crs for funding the JLR aquisition. It will be diluting the present equity and will be offered as rights in three types of instruments. It is step in right direction for it will safeguared the future of Tata Motors on one hand and since the JLR bisiness will be a seperate business owned by Tata Motors , the fruits will be all for TMs and without the liability beyond the initial contribution that too from the freshly raised equity. Needless to say that the TM will have tax saving on the interest out go till the conversion of debentures in to equity.

 

L&T has posted good results for the last quarter ended March 08. The topline growth assures that the infrastructure spending is growing whatevr the impressions be.

 

HariOm,

krsnaKhandelwal

panch-tattva talk…oil matters

Friends,

 

The govt. is readying for the petrol price hike . It seems the guardians have decided to kiss the K.I.S.S principle at the end of the day.

 

It is however a  pity that the no firm pricing policy is being contemplated and the concerned people remain guessing as to what would be done , when and if . The oil rpices will keep moving down and up and to keep the businesses and the public on the tenterhooks is a bad idea. I have some advice to offer regarding this with atmost simplicity and convenience. The retail prices may be increased by 1% per month so long as there is under-recovery and may be reduced when there is excess recovery at the same rate ie 1% per month on so long as there is no excess recovry. This will make the impact of oil prices moderated .The users, refiners and marketers may in light of this policy take the necessary steps at their end to remain comfortable. Would the spoilt geniuses in power would this , is the real question.

 

HariOm,

krsnaKhandelwal