SINGH IS KING

SINGH IS KING

By-NSE955
Yes Singh is King, not PM Manmohan Singh I am talking of Mr.Amarsingh
Since the Communist Party of India had withdrawn the support from the central government, one person is in the headlines he is Mr.Amarsingh .The brain behind the Samajwadi Party and its chief Mr.Mulayam Singh Yadav.As many people may not know that how close he is with some of the big names in industry and politics of India. He is the Chairman of one company Energy Development Company Ltd, which operates in the Power generation .Mr.Amithabh Bachahan, is also one of the director of this company.
But this is not the only company where Amar Singh is having his influence. Sahara Groups two listed companies are marching ahead on bourses because of this connection.e.g. Sahara Housing Finance Corporation and Sahara One Media & Entertainmant Ltd.
Sahara Housing Finance Corporation was trading at Rs.175 on 1st July and now it is trading at 192 i.e. buying freeze. Sahara One Media & Entertainment Ltd moved from 181 to 232.
And now the ADAG story as you all know since RELIANCE POWER listing every script of ADAG was moving southwards, because of war of two big names of Ambani family. Look from where they came here, ADLABS, RELIANCE ENERGY now RELIANCE INFRA, RNRL, RELIANCE CAPITAL, RELIANCE COMMUNICATIONS, RELIANCE POWER. Suddenly these stocks started moving up on the changed political situation. Now big brother Mukesh Bhai is in some trouble as demand of imposition of windfall tax on oil exporting companies’ is raised by Amar Singh.
So the moral of the story is that just watch who is RISING.
Definitely RELIANCE INDUSTRIES, RPL, and RIIL are not in Punters favourite list as of now.

LIST OF ADAG COMPANIES
RELIANCE COMMUNICATIONS,
RELIANCE ENERGY now RELIANCE INFRA
RELIANCE CAPITAL
RELIANCE POWER
RNRL
ADLABS

MUKESH AMBANI GROUP
RELIANCE INDUSTRIES
RPL
RIIL

India's highest paid CEO

Mukesh Ambani
Reliance Industries Ltd has given its chief Mukesh Ambani, the country's richest person, a hefty pay hike of about 45 per cent to take his annual remuneration to over Rs 44 crore or ($10 million).
Mukesh Ambani, chairman and managing director of Reliance Industries, got a total payout of Rs 44.02 crore (Rs 440.2 million) in financial year 2007-08, marking an increase of about Rs 13.5 crore (Rs 135 million) from the previous fiscal.
In fiscal 2006-07, Ambani's annual remuneration had increased to Rs 30.46 crore (Rs 304.6 million), from Rs 24.77 crore (Rs 247.7 million), previously.
However, a large part of Ambani's full-year pay cheque comes in the form of commissions that the company pays to select executives as a ratio of its net profits.
According to the company's annual report being sent to shareholders, Ambani got a salary of Rs 60 lakh (Rs 6 million -- Rs 500,000 per month -- and another Rs 48 lakh (Rs 4.8 million) -- Rs 400,000 per month -- in the name of perquisites and allowances.
In addition, he got Rs 18.75 lakh (Rs 1.875 million) under the head of retiral benefits and Rs 42.754 crore (Rs 427.54 million) toward commission on net profit, taking his total to Rs 44.021 crore (Rs 440.21 million) for 2007-08.