Ambition

They ask me, “what do you want to do in life?”

I dunno. All i know is that when i die, 21 guns will boom in my honour and the Indian flag will fly at half mast as a mark of respect.

Tall order? Well, i never had small dreams in my life, anyway.

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Ashok Leyland, Gujarat Ambuja

leyland

Sold off the laggard Ashok Leyland. Though it might have grown over a period of time, the opportunity cost is a bit too much for me to hold on to. Also liquidated my final interest in Gujarat Ambuja Cements at a good 34% profit. Inspite of being quite bullish over the Infrastructure sector, i havent started buying into any of the companies. GMR, Gammon, GVK, HCC, Punj Llloyd etc are good buys. Am researching the levels at which they can be bought into.

ambuja

The markets collapsed today after opening well towards the end. Though the experts would like to paint it as “profit booking”, am not so confident about that. Also, BNP Paribas today issued some warnings about the US sub prime market losses. 3 of their funds have suffered a lot. I have a strong feeling that tomorrow there might be a bloodbath. Sort of a black friday? I might be wrong too.

Am rubbing my hands with glee. Hope to pick up some great stocks at dirt cheap prices 😉

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Insurance punch lines

Four insurance companies are in competition for the best punch line

One comes up with the slogan “Coverage from the cradle to the grave.”

The Second one tries to improve on that with “Coverage from the womb to the tomb.”

Not to be outdone, the third one comes up with “From the sperm to the worm.”

The fourth insurance company really thinks hard and almost gives up the race, but finally came up with “From erection to the resurrection.”

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Wipro buys Infocrossing for $600 million

From the highs of 650 rupees per share, Wipro is now languishing around 460 rupees. For starters, hope this deal will help it break through the 500 barrier. Think its a good time for accumulators to start buying into Wipro.

wipro

Wipro Ltd, the country’s third largest software exporter, today achieved the distinction of making the largest overseas acquisition in the information technology (IT) space when it announced the acquisition of US-based, Nasdaq-listed outsourcing firm Infocrossing for approximately $600 million (around Rs 2,430 crore) in an all-cash deal.

Read rest of the article here

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World Military Games – Hyderabad – 2007

World Military Games Torch To Begin Journey From leh, Jammu & Kashmir

A torch of Military World Games was lit at Leh yesterday with fanfare by Minister of State for Defence Shri MM Pallam Raju. The torch was handed over to the leader of EME Cycle Rally Team, which will carry it right up to Kanyakumari.

The cycling expedition carrying the flame will cover a distance of 4249 kms in just 20 days. ‘Bravo’ the mascot of the Military World Games, is also accompanying this unique journey of Torch from Leh to Kanyakumari. Troops based at Leh, commanded by GOC, 14 Corps Lt Gen PC Bhardwaj cheered the Mascot Bravo and members of Endurance Expedition as the flame was lit and carried away. bravo

The flame will reach New Delhi on 5th of next month. The torch will pass through Tangland – La, Charchu, Manali, Agra, Jhansi, Nagpur, Hyderabad, Kurnool, Hosur, etc before reaching Kanyakumari. The event is part of series of events, which will be conducted as a precursor to the mega event, to be held in October this year. The Ceremony was organized to commemorate 75 days to the Military World Games.

India is conducting the 4th CISM Military World Games in Hyderabad and Mumbai during 14-21 October this year. Nearly 100 countries are expected to participate in this mega event. Going by the size, this event is considered to be the biggest sporting event, next only to the Olympics. In Olympics almost 25% of the medal winners are from the armed forces from world over. These Champions will comprise the 6000 strong participants worldwide. India is conducting this event for the first time. Various activities are being conducted by different units of the Indian Armed Forces to publicise the Military World Games.

Games website: http://www.mwg2007.org 

News courtesy: http://www.india-defence.com

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