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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (7165)	9/24/1999 8:03:00 PM
From: sea_biscuit	Respond to of 12475

Describing the moment as the 'happiest,`` Dr Chidambaram described the nuclear energy as 'inevitable.`` You can count on a bureaucrat like Chidambaram to say that. After all, he has a lot to gain in terms of power and influence by all those investments in nuclear energy. The reality is that the Indian nuclear power program is a white elephant. And that's putting it kindly. Nuclear energy was supposed to produce 10,000 MW of power by 1980. Today, almost two decades later, it generates 1,700 MW -- and that too, in fits and starts. When compared to the 1970s, the Department of Atomic Energy's reactors take twice as long to construct and on an average function at 40 percent of their installed capacity. By International Atomic Energy Agency standards Indian reactors are among the 50 least reliable in the world. The performance of this sector has been so dismal that the government had refused to fund the atomic energy program beyond its first stage. Now, India is desperate to buy Russian reactors! Maybe you should ask them whether the word "Chernobyl" rings any bells! <g>

To: JPR who wrote (7165)	9/24/1999 8:25:00 PM
From: Mohan Marette	Respond to of 12475

Zee buys out STAR stake in 3 JVs for $300m-Stock up 627% in 12 months. THE partnership between News Corp?s STAR TV and the Subhash Chandra-promoted Zee Telefilms Ltd (ZTL) is finally over. STAR TV has offloaded its entire stake held in three joint venture companies for a consideration of around $300 m. ======================= Zee Telefilms scrip up 627% in a year (Saturday, September 25, 1999) Our Markets Bureau in Mumbai The price movement of Zee Telefilms closely resembles that of Ranbaxy Labs. Just over a year when the stock was being traded at Rs 651, first rumours of an impending merger between the STAR and Zee started to surface. Since then the market speculation has been rife with various possibilities though no confirmation from the company quarters. However, the price of the stock did witness a sharp uptrend with ever increasing volume. Since September 15, 1998, the stock has appreciated a whopping 627 per cent and yesterday the stock closed at the upper ended the day at Rs 4,739. By mid-March, the stock breached the Rs 1,000-mark and it closed at Rs 1,016 on March 15. The stock did came under some selling thereafter and once again it dipped below the Rs 1,000-mark. It closed at Rs 845 at the BSE on April 15. But after that there was no looking back and it gradually scaled a new peak with every passing day. By April 20, the stock once again breached the Rs 1,000-mark and it closed at Rs 1,008 on the said day. By mid-June, the stock crossed the Rs 2,000-mark and in next one month the stock gained another Rs 1,000 to close the Rs 3,000-mark. The Zee Telefilms board met on August 30 to decide on the swap ratio with Zee Multimedia Worldwide.

To: JPR who wrote (7165)	9/24/1999 8:30:00 PM
From: JPR	Read Replies (3) \| Respond to of 12475

Kaiga reactor: Hello there Chidambaram (May Lord Nataraja of Chidambaram be with you always), Don't you remember that the Canadian reactor had some problems and U and your colleagues went to Canadians for help. They wanted an arm and a leg to fix the problem. U said "Go fly a kite or suck on maple syrup or some such thing" U remember that. U and your scientists fixed it so well and Canadians came on an inspection tour & said that what amazed them was that the Indians used better technology and products to fix the problem at a ridiculously low price. What do U say for that? Chidambaram says "Me a very humble Indian prayed to Lord Nataraja, who came in my dream and said to me "Do this, Do that and That is how the problem was fixed". No Chinese or N.Korean manuals. Nobody believes that. Then that is their problem. As narrated to JPR