Mint Newspaper carried an article today on the Deloitte Fiasco.
In the article, they mentioned the blog :
Investment blog alphaideas.in said, “The message to investors in Indian equities is clear: Believe audited accounts at your own peril.”
Day: September 26, 2013
Categories
Subramaniam Swamy:Abolish Income Tax
Wish political parties were to include this in their manifesto !!
Categories
Jignesh Shah to Investors:Ask Lord Balaji
“I strongly believe I have an equal responsibility to FT minority shareholders. At the same time, we understand the pain of the investors and I am going to have a dialogue with the NSEL Investors Forum. Please understand that this company should not be judged by NSEL.
And, if we can get any support from the government, it will be desirable and I fully understand the government’s stand — it’s an unregulated exchange and you all know that we have been a victim and the fraud has happened, whatever it is.Soon, we will come out with a formal paper” Jignesh Shah said.
On how much time it would take to set things right, Shah replied: “You have to ask Lord Balaji. What I can say is we want to focus. The more of a combined force we are, we will be able to recover. First, I will meet the investors’ forum. My individual thoughts may not be of that great importance; let us be institutionalised.”-from BS
Categories
Linkfest:Sept 26,2013
Some stuff I am reading today morning:
NSEL auditor says company defaulted on loans for last 2.5 years (Moneycontrol)
Why Indians love it when Govt makes gold expensive (ET)
Nifty runs out of oxygen at Mt6200 (BS)
Financial Technologies:A Story of Guts,Glory and Guttered (Gaurav)
Cliff Asness:Pure Alpha is still worth it (TRB)
Larry Summers won’t burn in effigy (DailyReckoning)
Chanos undeterred by China growth (Bloomberg)
A behavioral bias for momentum strategies (TurnkeyAnalyst)
Keeping it simple:Trend and Valuation (MebaneFaber)
How to have a conversation about money (Lifehacker)