The alleged disclosure by VG Siddhartha of Coffee Day Enterprises (CCD) of concealed income of Rs. 650 crore has sent shockwaves across the investing community. Investors are worrying whether this is the last nail in the coffin for the stock and whether they should dump it and recover what they can
When Veritas warned that a company is a “house of cards” and would crumple into dust, they became the laughing stock of the analyst community. Yet, today, that doomsday prophecy is coming true and investors are staring at colossal losses and bemoaning their fate
Journalists have developed the bad habit of reporting on sensitive issues in an irresponsible manner and without any due diligence. This irresponsible attitude has cost a journalist his job with New Indian Express. Others deserve a worse fate
The arrest of Yogendra Vasupal, Stayzilla’s co-founder, on alleged charges of cheating and non-payment to vendors has caused “shock” to the start-up community. However, hard-nosed investors are not at all surprised. They warn that it is only a question of time before the other start-ups collapse in a similar fashion if they don’t pay attention to basic norms of doing business
NDTV, which was once a thriving media stock, has now been reduced to a skeleton of its former self due to the anti-India stance of its editor Barkha Dutt. There is a grave risk that the same fate will befall TV Today whose editor Rajdeep Sardesai is toeing the same anti-India and anti-NAMO line as Barkha Dutt
Franklin Templeton’s poor choice of stocks has left investors in its Private Equity Strategy Scheme in an impoverished state. The important lesson to be learnt from this gruesome episode is that smooth talking PMS Managers should never be trusted
Ace Stock Picker Sanjay Dutt has turned whistle-blower and nailed a purported “sale of dreams” scam by NDTV. Based on this, the Income-tax Department has demanded huge tax and penalty aggregating Rs. 825 crore from NDTV
The fraud committed by a MNC which was the erstwhile favourite of Ramesh Damani and Kenneth Andrade has caused colossal losses to its shareholders. Veteran value investor Kalpraj Dharmashi is one of the unfortunate victims trapped in the stock. However, he is using his immense influence to launch a fight-back and deliver justice to small shareholders
Vijay Mallya, the disgraced former Billionaire, who is presently absconding from the law, has found support from Shankar Sharma. Shankar says that the “blood hunt” against Mallya reflects an attitude of “lynch-mob perversity” and warns that it will “discourage risk-taking” by entrepreneurs and impact growth
The misadventures of N. Jayakumar and his Prime Broking have caused NSCCL a staggering loss of Rs. 94 crore. At the behest of NSCCL, Prime Broking has been ordered to be wound up. However, the victory may be pyrrhic because the chances of recovering any sum from the defunct company appear to be bleak
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