Categories
Observations

Mr.Motilal Oswal bought right,sat tight and lost a bundle

One ad doing the rounds on TV is from Motilal Oswal which advises investors to follow the golden rule of investing “Buy Right,Sit Tight”

Now it is interesting to know that Mr.Motilal Oswal personally lost money along with his investors in the NSEL scam.

In today’s NSEL investor meet,Mr.Motilal Oswal made the following statements:

 

Categories
RBI Video

India’s Rajan to switch RBI’s main price gauge

Looks like more rate hikes are on the way

Categories
Media

Alpha Ideas finds a mention in Mint Newspaper

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.”

 

 

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Video

Subramaniam Swamy:Abolish Income Tax

Wish political parties were to include this in their manifesto !!

Categories
Quotes

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