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Month: May 2012

3 / 5

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

RBI Meeting Minutes: Don't Cut Rates That Much?

The RBI has released the minutes of the meeting in which monetary policy was discussed in April 2012. I point you to: 5. Most members were of the view that ...

April 2012 WPI Inflation at 7.23%

Wholesale Price Inflation for April 2012 came in at 7.23%, up from 6.95% in March. The graph looks like it’s taking a dangerous turn up. Feb 2012 ...

TV Panel: Is E-Commerce a Bubble?

I was in a panel discussion on NDTV on Friday: Is E-Commerce a Bubble? I got a little face time and wasn’t able to articulate all the thoughts I had. ...

IIP For March 2012 at -3.5%

The Index of Industrial Production (IIP) came in at 3.5% below last year. This data has not been trustable for a long time, so there’s no need to really ...