tag:blogger.com,1999:blog-82159575235411608592011-11-27T17:15:16.762-08:00Frauds - From every walk of life in IndiaBloggernoreply@blogger.comBlogger221100tag:blogger.com,1999:blog-8215957523541160859.post-779937095790381462009-12-03T04:07:00.000-08:002009-12-06T20:11:37.513-08:00

“God save you from one who wears a white or a black coat”. My grandmother used to say this often. This was her way of blessing me with sound health and sound social life so that I stay far away from doctors and lawyers. I often ponder over these words of wisdom and feel how right she was. In this world it is hardly possible now days that we do not visit doctors. A family member of mine was

Bloggernoreply@blogger.com6tag:blogger.com,1999:blog-8215957523541160859.post-50938076774730567602009-06-14T23:34:00.000-07:002009-06-14T23:43:48.246-07:00

Recent attacks on Indians in Australia have caused quite a buzz in media. It is really disturbing that these things have happened. I have lived in Sydney for quite some time. I used to love my walk to work from Milson Point to Kent Street over Harbour bridge. The Sunday Luch at Lighthouse on Watson Bay was a usual affair. The surprise element is that these lunches were never with Indians but with

Bloggernoreply@blogger.com16tag:blogger.com,1999:blog-8215957523541160859.post-7189889093461458172009-04-28T23:11:00.000-07:002009-04-29T03:02:20.693-07:00

By now you must have read about the Pyramid Saimira Scam. For the starters the story goes something like this. The promoters of the company, PS Saminathan and Nirmal Kotecha wanted to offload their stake in this company. So they conspired with the Assistant Editor of ‘Economic Times’ Rajesh Unnikrishnan to jack up the prices and demand of the stock so that they could offload it.Together with this

Bloggernoreply@blogger.com16tag:blogger.com,1999:blog-8215957523541160859.post-66899408852205092352009-04-09T01:06:00.001-07:002009-08-25T21:56:25.812-07:00

I had always known that poverty is widespread across India. But never felt that poverty was so extreme. Since last 12 days I was hopping trains travelling in buses and visited some rural areas of UP, Bihar, Madhya Pradesh, Rajasthan and Andhra Pradesh.And on my way back, I asked myself a question, if there is so much poverty in India then how come only 26% of our population is below poverty line.

Bloggernoreply@blogger.com2tag:blogger.com,1999:blog-8215957523541160859.post-30535858296041894112009-03-26T21:42:00.000-07:002009-03-26T22:07:01.978-07:00

Almost all the Indian newspapers that I read on a daily basis have started an exclusive section called 'Real Estate'. This particluar section is a major revenue generator for them because I see a lots of advertisement on the pages. On the right hand side of the main page there was a column that talked about the rates that are 'prevalent' in the Delhi/NCR region. I was absolutely shocked to read

Bloggernoreply@blogger.com12tag:blogger.com,1999:blog-8215957523541160859.post-15361299532369612762009-03-17T02:39:00.000-07:002009-03-17T02:41:28.833-07:00

A very big fraud has been happening right under our nose in India and we were all taking False Claims of Indian authorities all this while.   Almost every Friday Since last 7 months we are cheering up that Indian inflation is coming down. Is it really true? Prices are going up like anything. India calculates its official inflation based on Wholesale Price Index (WPI) rather than Consumer Price

Bloggernoreply@blogger.com10tag:blogger.com,1999:blog-8215957523541160859.post-60491347293238341832009-03-12T09:42:00.000-07:002009-03-12T09:54:27.533-07:00

Real Estate sector in India is undoubtedly the most corrupt sector in India. Even though Satyam Scandal happened in IT sector, one must not forget that its root lied in Real Estate ( Maytas Infrastructure.). Read on this report from HinduStriking a note of caution for real estate developers, Mr D. Subrahmanyam, Executive Director of the Housing and Urban Development Corporation Ltd (HUDCO), said,

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-27099095891314772342009-03-09T06:43:00.000-07:002009-03-09T06:49:25.549-07:00

India is a democratic country, however as I had mentioned earlier that even the institution of democracy has been corrupted by Indian politicians. Center of Media Studies conducted a survey just now and the results showed that votes are purchased by political parties by paying cash! Imagine that happening in a country that claims itself to be the world's largest democracy!!The study started with

Bloggernoreply@blogger.com1tag:blogger.com,1999:blog-8215957523541160859.post-70412118121241615682009-03-03T21:42:00.000-08:002009-03-06T20:28:17.329-08:00

I wonder why 'Retail Investors' are called 'Small' Investors. It is because there brain is small, their intelligence is small.This class of investor has time and again been fooled by Promoters, Analysts and Brokers. They are fooled into beleiving the great Indian Stock Market Story and always get the hurt the most.I remember the times during 1992 crash of Indian Stock Market. The retail investor

Bloggernoreply@blogger.com2tag:blogger.com,1999:blog-8215957523541160859.post-81735259067180288192009-03-01T19:50:00.000-08:002009-03-01T19:55:04.083-08:00

Now this is one development that is likely to give the ruling UPA government sleepless nights especially when general elections are a sniffing distance away. Kolkata based Indian Statistical Institute has just come out with a results of a survey from about 124,000 households across the country. And the results of the survey have punched a big hole in the present government’s claim that it has

Bloggernoreply@blogger.com2tag:blogger.com,1999:blog-8215957523541160859.post-47264731120416958002009-02-27T06:01:00.000-08:002009-02-27T06:05:26.913-08:00

Microsoft may be big boss in making softwares, but when it comes to its application no-one can beat us. Check out this item below.IT SLEUTHS DETECT SOFTWARE THAT HIDE SALES AT SHOWROOMSChennaiThe Times of IndiaIn a year that registered a record seizure of Rs 27.34 crore worth of valuables and cash, the Income Tax investigation wing has stumbled upon software used by jewellery showrooms to hide

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-76001373299336859322009-02-26T05:07:00.000-08:002009-02-26T05:09:44.750-08:00

"Sold our soul to the devil for revenue", moaned some employees of Moody’s recently. They were crying foul about how the company issued fake ratings to junk securities just to make money on them. Moody’s 28% associate in India, ICRA, seems to be doing the same things. Not showing penance for giving 4 out of 5 IPO rating to Reliance Power which had no business to show for its creditworthiness, the

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-56457033873032805642009-02-22T20:13:00.000-08:002009-02-22T20:19:34.845-08:00

C R Bhansali’s web of deceit was elaborate. He had floated 133 companies to pull in funds and suck them out. Money came easy; he was inspiring with his grandiose plans, high interest rates and entry into mutual fund and banking. CRB’s meteoric rise in the early 90s coincided with the boom in the Non-Banking Finance Company (NBFC) sector. His fall in 1996 was equally fast.Forget investors, even

Bloggernoreply@blogger.com1tag:blogger.com,1999:blog-8215957523541160859.post-77279945960788750792009-02-16T23:33:00.000-08:002009-02-17T20:09:57.202-08:00

As Satyam Computers Limited saga unfolded a lot of people started raising questions on companies which were registered in Hyderabad. Because Satyam happened it is wrong to assume that all apples are rotten. Having said that it is better to be safe than sorry.There is a lot of buzz going around a company by name Bartronics Limted. Talks are around that it will be a great company in future etc.

Bloggernoreply@blogger.com14tag:blogger.com,1999:blog-8215957523541160859.post-27953546211767219752009-02-16T05:32:00.000-08:002009-02-16T23:32:15.855-08:00

These are troubled times. A lot of articles have been written by the so called 'Analysts' that Retail Investor (read small investor) should buy in the current market while at the same time the smart money or the FIIs are existing the Indian markets. The Indian market was pushed up from 4K to 21K only because FII brought in amount of monies into the Indian bourses which were never heard before.

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-82914782207700711772009-02-15T00:08:00.000-08:002009-02-15T01:19:36.313-08:00

The real estate market is dead.People who need homes are not buying property because the buyers feel that theprices are too high.The developers are not selling any property because the sellers still want theprices they had predicted in their Excel sheets - vetted by the specialistproperty consultants (the equivalent of the rating agencies who approved junkmortgage bonds as "AAA"). So there is a

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-16388286336881833752009-02-13T05:51:00.000-08:002009-02-15T01:58:07.669-08:00

So the writing is clear on the wall. The most admired group in India has pledged as many shares worth more than 10,000 Crores. The acquistions of JLR and Corus were projected as coming of a new age India. Seems like all the Cheering and Gung-Ho mongering of India shining has evaporated.(Click on image to Enlarge it)

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-51953001374465872302009-02-13T04:38:00.000-08:002009-02-15T02:11:14.817-08:00

Oh God !! The list is growing. It seems every 4th company on Sensex has pledged its share.MOST OF THE COMPANIES HAVE NOT DECLARED WHO LENDED THEM MONEY AND THE INTENTION OF USING THE MONEY SO BEWARE AND BE CAREFUL BEFORE INVESTING IN THESE COMPANIES (Click on image to Enlarge it)

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-38795178382011995642009-02-12T19:16:00.001-08:002009-02-15T01:35:46.950-08:00

Here is another list of companies whose promoters have pledged their stocks. The surprises were names like Kitply with more than 35% of its stock pledged and UTV with 22.7% . The lender's name have not been declared.(Click on image to Enlarge it)

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-77916822007739460002009-02-12T02:47:00.000-08:002009-02-15T01:31:46.120-08:00

After it was revealed that Satyam promoter Mr. Raju had pledged most of his shares before admitting the fraud and made a cool 400 million US$, the SEBI (SEC equivalent of India) asked all the promoters of listed companies to declare the pledged shares. After much resistance the following declarations have been made till date. (Source: Bombay Stock exchange).Surprisingly, most of the companies

Bloggernoreply@blogger.com0tag:blogger.com,1999:blog-8215957523541160859.post-21086178172377204792009-02-11T05:38:00.000-08:002009-02-11T21:10:25.028-08:00

Somebody promises that growing plants is the shortest way to create the wealth. Investors are taken for the ride in Plantation Fraud.In the land of farmers, R K Syal presented a calculus of tree plantations and cash crop harvests.The brochure said the company would develop the land for agro-forestry farms and after expiry of the plan period, trees and cash crops would be cut and money from the

Bloggernoreply@blogger.com2tag:blogger.com,1999:blog-8215957523541160859.post-15291656602306458732009-02-09T08:03:00.000-08:002009-02-09T08:39:29.504-08:00

Real Estate in India has always been the parking lot. Parking lot of black money. The rich and the powerful have time and again twisted laws, broken arms and even slitted throats to control the real estate sector in India. The artificial prices and the weakest regulations have been enforced by the builder mafia with the help of 'benign' government.Finally someone has woken up. Hiranandani have

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