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Archive for the month “January, 2014”

Indian Stocks | Glance At Daily And Weekly Charts | 25-01-2014

Nifty baba has done a good job of analyzing Nifty and other stocks.

Journey Of A Nifty Day Trader

Presenting here the daily and weekly charts of my most favorite stocks and Nifty Spot Index with HMA-Bollinger Bands Manual Day Trading System (HMA-BB MDTS), as on 24th Jan., 2014.

To get regular intraday updates,  check my facebook page – https://www.facebook.com/hmabbdaytrader

Subjects in focus:

1. Axis Bank; 2. State Bank of India; 3. Tatamotors; 4. CNX Nifty Index

NSE Axis Bank (Daily & Weekly)

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NSE State Bank Of India (Daily & Weekly)

Sbin_dw_250114

NSE Tatamotors (Daily & Weekly)

Tmt_dw_250114

CNX Nifty Index (Daily & Weekly)

Nifty_dw_250114

Healthy And Wealthy Trading
Healthy And Wealthy Weekend

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Nifty Intraday:- 22 January, 2014

Really good information shared by IntradayNifty …

intradaynifty

S&P CNX NIFTY is perched above 6300. More important is that  the average typical price of last five trading session now is 6300. Therefore the next three trading session of the week is important for the up-move of the Indian Stock Market. If the bulls can defend 6300 and keep Nifty above 6300 on closing basis in this week than Nifty can pose a serious challenge to previous highs. Though it cannot be denied that Nifty will face stiff resistance at many levels with the first target of 6470 in sight. A lot of shorting will take place at levels like 6350, 6400 and above 6400. Nifty can reverse from any of these levels sharply. The FIIs too have been net sellers on many of the days in January. The main support of Nifty is the 50 day SMA since so many months and it will continue to be…

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Options: All charts for 24th of January 2014

Options: All charts for 24th of January 2014 .. good information …

Nifty Emini

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what is Nifty stock trend of jan 2014 expiry options analysis

what is Nifty stock trend of Jan 2014 expiry options analysis ?

Yes. .refer the details below in the pic which explains it all :

Nifty_NSEIndia_Likely_expiry_option_analysis_rbroy01-wordpress

Nifty_NSEIndia_Likely_expiry_option_analysis_rbroy01-wordpress

what is Nifty stock trend of jan 2014 expiry options analysis ?

Reliance on expiry – what is reliance ind stock trend expiry

“what is reliance ind stock trend of Jan 2014 expiry”
Reliance on expiry – what is reliance ind stock trend expiry

Yes. .refer the details below in the pic which explains it all :

Reliance_Likely_expiry_option_pain_option_analysis_rbroy01

Reliance_Likely_expiry_option_pain_option_analysis_rbroy01

Jamie Dimon- JPMorgan CEO gets 74 percent raise

Jamie Dimon- JPMorgan CEO gets 74 percent raise … in salary

Yes, 74 percent raise is a 74% hike. You got it correct !!!

JPMorgan CEO gets 74 percent raise

JPMorgan CEO gets 74 percent raise

Jamie Dimon will do no wrong — a minimum of within the eyes of his board of directors.

Even though JPMorgan Chase two-handed the govt. quite $20 billion to settle Associate in Nursing array of charges in 2013, the board of administrators still raised the chief executive’s pay by seventy four %, in line with a restrictive filing discharged weekday.
The board voted to award Dimon $18.5 million in restricted stock which will vest over following 3 years. not to mention his base wage of $1.5 million, that remained unchanged from the previous year, Dimon’s total compensation last year was $20 million.

That’s up from $11.5 million in 2012, a year during which the board halved Dimon’s compensation as a reprimand for the $6.2 billion mercantilism debacle referred to as the “London Whale.”

Fallout from the mercantilism losses culminated in $1.9 billion in fines paid by the bank to U.S. and British authorities last year. It sparked a investor select could on whether or not Dimon ought to stay chairman and chief executive: solely thirty two % of investors voted to strip Dimon of the twin title.

Now the board has cemented that vote of confidence that Dimon is equally the leader he was once he steered the bank through the money crisis. however plenty has modified since then.

In October, the bank suffered its 1st loss in nearly a decade, coverage a web loss of $380 million once setting aside a further $9.2 billion for future proceeding expenses. a number of that cash was earmarked to settle restrictive investigations into the bank’s mortgage securities business.

Those probes came to a head in Nov, once JPMorgan in agreement to pay the govt. $13 billion to resolve allegations that the bank wittingly oversubscribed faulty mortgage securities that contributed to the money crisis. The settlement earned JPMorgan the dubious distinction of paying the biggest penalty ever dealt to one company.

Yet the settlement, and therefore the slew of others that proceeded it, brought JPMorgan nearer to putt to rest its mountain of legal woes. And for that, the board aforesaid it absolutely was grateful.

One of the factors the board took under consideration in crucial Dimon’s compensation was the “steps the corporate has taken to resolve” the “regulatory problems the corporate has moon-faced,” in line with the filing. The bank aforesaid members of the board additionally thought of JPMorgan’s “sustained semipermanent performance,” similarly as “gains in market share.”

Indeed, JPMorgan’s stock worth soared thirty three % to $58.48 in 2013, beating the gains of the quality & Poor’s five hundred index, that climbed nearly thirty %.

“Stock worth isn’t the correct activity for evaluating misbr conduct of an organization,” aforesaid Dennis Kelleher, chief government of higher Markets, that advocates for money reform. “A company might interact in large misbr conduct, which might be terribly rewardable for the corporate and smart for its stockholders. And that’s what we’ve seen here.”

Profits at JPMorgan, meanwhile, tumbled sixteen % to $17.9 billion last year, down from $21.3 billion within the previous year. Supporters of the bank say its earnings failed to tell the complete story.

“The earnings of JPMorgan failed to fall from in operation sources,”said banking analyst Dick Bove of Rafferty Capital. “It went down due to fines and proceeding. and therefore the fines and proceeding weren’t related to actions [Dimon] took.”

Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy :
Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy
You may also like the recent news/market articles:
FED tapering, China pulls back – Yes, China pulls back and the FED is tapering
SCAM: KPMG pays $8.2 million to settle SEC charges
Dow Jones plunges by almost 2%
Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam , VVIP Scam
SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam
NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal

FED tapering, China pulls back – Yes, China pulls back and the FED is tapering

FED tapering, China pulls back – Yes, China pulls back and the FED is tapering …correct !

Really, investors and businesses around the world took stock this week of two big new potholes on the road to recovery.. read on.. the global

FEDeral_reserve_tapering_money-China_economy_bust_rbroy01_wordpress_com

FEDeral_reserve_tapering_money-China_economy_bust_rbroy01_wordpress_com

economic crisis may be a receding memory, but : FED is not Tapering and China economy is pulling back

Fresh proof that the Chinese economy is speed triggered a sell-off in world stock markets that capped the worst weekly losses on Wall Street in additional than a year. The stock market index industrial average and also the S&P 500-stock index every declined concerning a pair of % weekday, with weekly losses of concerning three.5 % and a couple of.5 percent, severally.

Markets in Europe and Asia suffered similar declines once a live of Chinese producing activity fell.

Across variety of developing countries, meanwhile, the adjustment to the delay of FRS financial stimulation began to accelerate, as traders drop native currency in Turkey, African country et al. — a rout that touched off issues of a replacement crisis production in one or a lot of of the world’s once-vibrant rising markets.

The sell-off within the markets, that are down since the beginning of 2014, follows a dramatic run-up that several analysts same was unlikely to continue, even with the U.S. economy gaining steam.

However, the confluence of events behind it emphasized the tight linkages within the world economy and also the unsure result that the Federal Reserve’s tapering can have over time.

China has become a serious prop of world economic process, and a delay there’ll show currently the books of nearly each major mercantilism nation and company — touching orders for metal ores from land and Brazil, serious instrumentality from the u. s. and European nation, and also the flow of cash to African nations wherever China has become a serious capitalist.

Compounding the difficulty could be a growing worry that China’s large investment in building and infrastructure in recent years — a part of its effort to tend growth throughout the 2008 money crisis — can show up in unsustainable levels of debt and dangerous loans for native governments and banks.

Officials and analysts downplay the probability that China’s troubles can misstep world issues corresponding to those caused by the U.S. financial set-up. The country’s capital markets and banks aren’t as closely interlinking with the remainder of the globe, and also the Chinese government has stashed away trillions of greenbacks in foreign reserves to use as a buffer.

But there’s still a worry that the country — the world’s second-largest economy — is facing major money and demographic constraints that would limit its growth and force a serious correction to its banking sector.

Authorities there “are awake to that,” United Nations agency chief social scientist Kaushik Basu same during a recent interview with reporters. “The dangerous news is that there’s no science for this,” and efforts to limit credit and investment within the country may slow its economy even any.

The impact of FRS policy is another unknown. Analysts at the International money, as an example, are typically sanguine concerning however the Fed’s delay in bond shopping for can have an effect on the globe.

There was a short “taper panic” in mid-2013, once the Fed appeared able to begin its drawdown — a flash that marked, in a sense, the formal finish of the U.S. crisis response.

After that, several analysts same that a gradual finish of Fed plus purchases would be offset by a strengthening U.S. economy, as a result of the Fed wouldn’t cut back its financial stimulation otherwise.

But the impact should still be serious in some nations, notably people who consider foreign currency to finance trade and alternative deficits.

The tremors started exposure in the week as currencies in Turkey, African country and others, plunged.

There could also be less probability that issues in one in all those places turns into a worldwide sickness, as happened within the Nineties in geographical area and Asia.

Still, “we’re seeing a gradual and accumulative realization that the expansion prospects for several [emerging market] economies, long seen as a given, ar indeed problematic,” Saint Patrick Chovanec, manager of Silvercrest plus Management, same during a analysis note.

Less Fed. Less China. yes, More tapering and worse off economy.

FED tapering, China pulls back – Yes, China pulls back and the FED is tapering

Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy :

You may also like the recent news/market articles:
FED tapering, China pulls back – Yes, China pulls back and the FED is tapering
SCAM: KPMG pays $8.2 million to settle SEC charges
Dow Jones plunges by almost 2%
Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam , VVIP Scam
SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam
NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal

SCAM: KPMG pays $8.2 million to settle SEC charges

SCAM: KPMG pays $8.2 million to settle SEC charges !! 

KMPG_pays_8.2_million dollars_to_settle_Securities and Exchange Commission_charges
KMPG_pays_8.2_million dollars_to_settle_Securities and Exchange Commission_charges

KPMG has supposedly agrees to pay $8.2 million to settle charges that it poor rules designed to stay auditors freelance of their purchasers, a resolution that caps a troublesome week for the massive Four accounting corporations at the hands of federal regulators.

The Securities and Exchange Commission, that declared the deal Friday, alleged that KPMG provided non-audit services to the affiliates of 3 purchasers from 2007 through 2011, and loaned workers to a number of those purchasers, compromising the auditors’ independence. Some KPMG workers closely-held stock within the consumer corporations, the agency same.

The settlement comes on the heels of another legal battle involving the massive Four’s Chinese affiliates, that the SEC defendant of refusing to show over auditing documents of many China-based corporations suspected of fraud. associate degree SEC law choose sided with the agency on and same that the affiliates ought to be barred for 6 months from auditing firms listed on U.S. exchanges. The auditors commit to charm the choice, that has nonetheless to require result.

Scrutiny of the massive Four — Deloitte­Touche, painter & Young, KPMG and PricewaterhouseCoopers — isn’t doubtless to quiet any time before long. In July, the SEC fashioned a task force devoted partially to “audit failures.” The 12-member cluster, that conjointly can additional closely examine the monetary disclosures that firms create, is created from social control attorneys and accountants scattered throughout the agency’s offices nationwide.

The origins of this week’s social control actions predate the task force. however some consultants WHO track auditing problems say the cases highlight entrenched issues that haven’t been fastened attributable to an absence of aggressive restrictive oversight.

“These stories ar invariably a black eye for the massive Four,” same Lynn Turner, former SEC chief comptroller and a former partner at the firm currently referred to as PricewaterhouseCoopers. “Unfortunately, over the years, they’ve learned that point tends to heal all wounds, and that they have a troublesome time creating changes.”

In Friday’s settlement, KPMG failed to admit or deny wrongdoing. in an exceedingly statement, the corporate same it’s committed to making sure its independence with relation to its purchasers.

“In the years since the events mentioned during this SEC action, KPMG has enforced internal changes that ar designed to confirm its ability to accommodates restrictions on providing non-audit services to SEC audit purchasers and/or their affiliates,” Manuel Goncalves, a KPMG voice, same in an exceedingly statement Friday.

In its body order, the SEC alleged that KPMG employed a private WHO had retired from a high-level position at a KPMG client’s affiliate. KPMG then loaned that person back to the affiliate, wherever he primarily continued to perform his previous job.

The SEC failed to establish the corporate or the individual.

Federal rules forbid auditors from having their workers act as workers of the businesses they audit. They conjointly bar auditors from having a monetary interest within the corporations they audit. nonetheless the KPMG worker command stock in his previous company for quite a year whereas he was on KPMG’s payroll, the SEC same.

Other alleged infractions cited by the agency embrace non-audit services that KPMG provided to 2 alternative firms it audits, although it failed to name those firms. a number of those services were provided by KPMG workers on loan to purchasers.

“Auditors ar important to the integrity of monetary coverage, and therefore the mere look that they’ll be conflicted in exercise freelance judgment will undermine public confidence in our markets,” John T. Dugan, associate director for social control within the SEC’s Boston workplace, same in an exceedingly statement.

The SEC’s investigation conjointly yielded some instances within which KPMG loaned non-manager tax professionals to help audit purchasers with tax compliance work. The SEC failed to charge KPMG in those incidents, and bureau voice declined to investigate the explanation. however the regulator discharged a report back to clarify the principles in such arrangements.

SCAM: KPMG pays $8.2 million to settle SEC charges

Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy :
Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy

You may also like the recent news/market articles:

FED tapering, China pulls back – Yes, China pulls back and the FED is tapering
SCAM: KPMG pays $8.2 million to settle SEC charges
Dow Jones plunges by almost 2%
Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam , VVIP Scam
SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam
NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal

Dow Jones plunges by almost 2%

Dow Jones plunges by almost 2% 

Dow_jones_plunges_2_percent_january_24_2014_World_problem

Dow_jones_plunges_2_percent_january_24_2014_World_problem

The Dow-Jones Industrial Average suffered its biggest fall for over six months amid market jitters regarding slower worldwide economic process. This could signal the beginning of the start of a financial crash.. yep.. financial crash.

The 318-point fall wiped virtually 2 per cent off the worth of shares and mirrored considerations regarding rising markets.

Over 2 days the Dow-Jones Industrial Average fell by virtually five hundred points as investors wanted to cut back their level of risk by retreating from stocks and swing their cash in fetters and different relatively safer assets.

Among the factors to erode confidence in rising markets was Argentina’s call to abandon the defense of the peso, prompting associate degree eleven per cent fall in its worth against the greenback, and a survey showing China’s producing sector shrunken this month.

Dow Jones plunges by almost 2%

Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy
You may also like the recent news/market articles:
FED tapering, China pulls back – Yes, China pulls back and the FED is tapering
SCAM: KPMG pays $8.2 million to settle SEC charges
Dow Jones plunges by almost 2%
Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam , VVIP Scam
SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam
NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal

Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam : VVIP Scam

Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam , VVIP Scam !

Chopper_scam_india_2014_rbroy

Chopper_scam_india_2014_rbroy

New Delhi: The Central Bureau of Investigation or CBI has reportedly asked the Law Ministry if it will question province Governor MK Narayanan and state Governor BV Wanchoo in its investigation into alleged kickbacks within the Rs. 3600-crore VVIP whirlybird deal. This is known as the VVIP Scam.

The government had earlier this month terminated the deal for twelve helicopters alleging that AgustaWestland, British people subsidiary of AN Italian company contractile to provide the helicopters to be used by the President, Prime Minister ANd alternative VIPs had broken an integrity accord by allegedly paying bribes to Indian officers.

CBI sources aforementioned man Narayanan, World Health Organization was then the National Security advisor or NSA and man Wanchoo as head of the elite Special Protection cluster or SPG, were a part of conferences wherever specifications for the helicopters were modified. The modification in “service ceiling” (or the altitude at that a whirlybird will fly) from the 6000 metres recommended Air Head Quarters to 4500 metres had allowed AugustaWestland to enter the race.

So far the CBI has named former Air Chief SP Tyagi, his cousins and several other others in its 1st info Report or FIR.

It has currently reportedly written to the Law Ministry and hooked up documents to indicate that man Narayanan and man Wanchoo were a part of the team of senior officers World Health Organization cleared the changes.

As Governors, man Narayanan and man Wanchoo have legal immunity and also the CBI can want the President’s assent to question them. However, if the law ministry clears the CBI request, it would not ought to obtain the President’s nod.

Last year, AN NDTV investigation showed that prime officers from the Prime Minister’s workplace, Ministry of Defence, the SPG and also the Indian Air Force, as well as the 2 governors, command a few half-a-dozen conferences between Nov 2004 and Sept 2006 to terminate specs for the helicopters.

They reportedly united that the new helicopters required solely to adapt to the specification of having the ability to fly at 4500 metres. it absolutely was conjointly argued that this may facilitate avoid one seller state of affairs.

When bids were invited in Sept 2006, 3 firms, as well as AgustaWestland, responded. A Russian company later withdrew, refusing to sign the integrity accord. Just the VVIP scam.

Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam , VVIP Scam

Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy :

SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam

SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam !

Chennai_Airport_tea-Stall_scam_rbroy01

Chennai_Airport_tea-Stall_scam_rbroy01

Chennai Airport tea vendor scam comes to light:
A tea merchandiser acting at the Meenambakkam airport in Madras has landed in concealing web after a PMLA court recently froze his assets, that embody giant cash deposits and a couple of.5 kg of gold jewelry, in reference to a bribery case.

The case dates back to 2009 once CBI conducted searches on the export and import wares workplace of the Madras airport on alleged charges of corruption in the operations of the unit involving officials of the Customs department and others.

The agency, during this operation, searched the premises of G Kumar and taken over Rs. 2.32 large integer and over a hundred and eighty items of various gold ornaments. cash of quite Rs. three large integer was also found in his 3 bank accounts in the town.

The CBI later arrested Kumar, a class V dropout, and handed over the case to social control board of directors (ED) for probe beneath the prevention of money lavation Act (PMLA).

The ED’s probe threw up an interesting routine concerning however Kumar, UN agency used to work in tea outlets since childhood, allegedly connived with airport and Customs officials and clobbered up prohibited wealth and gold ornaments.

The probe agencies known that Kumar UN agency used to “distribute tea and different food items” to officials at the Meenambakkam air terminal since 1987 had a duty pass to enter the high-security area and had become a good friend of the officials denote there over a amount of time.

According to the blotter filed in this case by the probe agencies, it all began in 2000 once the officials allegedly asked Kumar to “get cash and product from clearing and forwarding agents” on behalf of them and secure to share a section of the plunder.

Kumar, UN agency the agencies same “was in sensible books” of the officials, was tasked to collect all these kickbacks so as to evade anti-corruption agencies.

However, CBI came vocation in 2009 once it was tipped off concerning these prohibited dealings at the airport.

Kumar, UN agency also owns a house, recorded his statement with the ED stating he purchased immense range of gold jewelry from the plunder he got as it was “risky to retain cash.”

Kumar also started filing taxation returns sitting as businessman of a firm so as to show the bribe cash as “legitimately earned” and to dodge the investigators.

The ED, after finishing its probe, connected these movable assets in September last year.

The adjudicating authority of the PMLA in metropolis, beneath its member and officiating judge Mukesh Kumar recently issued orders terming these assets as “proceeds of crime” and

Such is the height of business with the Chennai tea vendor .. just a Scam.

SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam

Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy

You may also like the recent news/market articles:
FED tapering, China pulls back – Yes, China pulls back and the FED is tapering
SCAM: KPMG pays $8.2 million to settle SEC charges
Dow Jones plunges by almost 2%
Chopper SCAM or Helicopter scam in India – Chopper SCAM or Helicopter scam , VVIP Scam
SCAM- Chennai airport tea vendor, “Chennai airport” tea vendor Scam
NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal

NDTV scam – 5000 crores accusation

NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal .

Alleged_Money_laundering_scam_NDTV_India

Alleged_Money_laundering_scam_NDTV_India

CHENNAI: There’s one more “gate” within the works, it seems. Prannoy Roy supported NDTV – a listed entity – has been defendant of lavation the cash to the tune of Rs. 5,000 crores. I even have some details from Manushi (HT @puchoo for light the link) wherever an editorial by Madhu Kishwar brings a number of the main points to lightweight.

Ram Jethmalani, a lawyer-turned-politician, has purportedly written an extended letter to Chidambaram, accusatory him and NDTV of plenty of things, together with :

He says NDTV features a London subsidiary through that cash was “laundered”, that he says was Chidambaram’s (India’s finance minister’s) cash
A tax officer, SK Shrivastava, investigated NDTV and has, in keeping with Jethmalani, been defendant incorrectly of sexual harrassment, suspended and declared mentally insane (which was later withdrawn).
Two lady assessing officers (Shumana fractional monetary unit and Ashima Neb) were concerned additionally, says Jethmalani.
Further, S. Gurumurthy, who’s a CA and has done several elaborate investigations, writes to each Jethmalani and to Prannoy Roy of NDTV, in an exceedingly robust letter accusatory NDTV of those and additional. (HT Alpha Ideas)

There square measure multiple accusations, and let’s take them one by one.

The molestation Case and Abuse of the Law
The two IT officers – Shumana fractional monetary unit and Ashima Neb – defendant Shrivastava of molestation. The report of the Vishakha committee created to research this case has noted that there was no harassment of any kind. purportedly he used some unhealthy language, and this was construed as molestation. i feel this is often not what the law was created for – it had been to guard girls against overtures, and there have been no overtures discovered by the panel that had largely girls thereon.

Secondly, it’s vital to notice that Ms. Sen’s husband worked with NDTV, and Ms. fractional monetary unit was the assessing officer, supposedly, of NDTV.

The Europe Trip of Ms. fractional monetary unit Sponsored by NDTV
So Shumana fractional monetary unit apparently visited this fancy all expense paid Europe trip. Her husband worked for NDTV. Ms. fractional monetary unit says it had been a district of her husband’s earnings, however Gurumurthy determines it had been not as a result of nobody else at her husband’s (Abhisar Sharma) grade got this type of perk, and Jethmalani says it value Rs. 1 crore.

This would’ve been okay, but Ms. fractional monetary unit had assessed NDTV’s accounts, and given them a refund of Rs. 1.47 crores, in keeping with each Gurumurthy and Jethmalani. to boot, they say, this relationship wasn’t unconcealed by Ms. fractional monetary unit at the time of her assessment, and she or he didn’t say whereas reaching to the foreign trip that she had assessed NDTV that was paying for that trip. This, if true, could be a immense integrity issue, and should be investigated.

Unknown end-source of three hundred Million maximize Bonds Issued By NDTV
This is the lavation accusation. Jethmalani states that in 2006-07 a London subsidiary got three hundred million pounds within the United Kingdom of Great Britain and Northern Ireland within the style of change of magnitude coupon bonds (low initial interest payment, which matches up later). This was lying idle for concerning 2 years, he says, before it had been moved to the city NDTV entity in 2009 through a Mauritius mediator.

Both Gurumurthy and Jethmalani accuse NDTV of not revealing the ultimate supply of the cash that signed to those bonds. Further, Jethmalani says the liability was “written off” whereas Gurumurthy disputes Prannoy Roy’s submission that bondholders are paid off (because the proof of paying them back is incomplete or unreliable or absent!).

The whole Mauritius piece, in keeping with Jethmalani, concerned a visit to Mauritius by Ms. Ashima Neb (who if you recall was one in every of Shrivastava’s accusers of sexual harassment) that value upwards of Rs. 12 lakh, that he implies wasn’t paid by Ashima Neb.

Shrivastava was hounded
The work tax officer, SK Shrivastava, wasn’t simply defendant and later vindicated of molestation. He was suspended on these charges et al. too, says Madhu Kishwar. He was declared as having a disturbance and so unreliable by VIMHANS, a non-public hospital in metropolis, says Madhu. This report was quickly withdrawn once different doctors same there was no such drawback and there was a possible investigation by the Medical Council of India.

All of the 3 – Madhu Kishwar, Jethmalani and Gurumurthy aver that Shrivastava got the short finish of the stick for work the NDTV cash flow.

There’s a Legal Notice Too
Madhu Kishwar apparently received a legal notice with AN apologise-or-else kind of expression. It’s somewhat strange to send that sort of letter once you square measure a media entity yourself, to be honest. however I don’t suppose everyone’s being honest here.

I suppose if I indite it, I ought to get this type of notice additionally, however let Maine means to the lawyers, that I’m just about paraphrasing what others have same, and linking to what appear to Maine as documents that square measure unarguably letters written by the same gentlemen and woman. However, the worry of a legal notice can’t verify what you are doing in life, thus I’m posting this anyhow.

My View
There must be AN investigation. If it can’t be done currently, consecutive government ought to have it away. These accusations have huge variety of official documents with them, and that they appear to be they’re true. we’d like a true investigation and if the CBI should be referred to as in, they must be.

If the media has been funded by “black money”, then we must always extremely get to the supply of the maximize coupon bonds, although we tend to had to use the banking industry to try to to thus (i.e. get the united kingdom entity’s bank statements and ascertain wherever the cash was routed from).

False allegations of molestation build it straightforward for real harassers to accuse victims instead. this is often shameful and whereas the law permits no action, we’d like to search out the simplest way to make sure that such abuse isn’t tolerated.

It is straightforward to accuse Chidambaram of stopping investigations or of hounding Shrivastava, however the reports don’t appear to possess enough dope against him. The allegations that appear to be supported square measure the supply of the funds of the three hundred million pound bonds, and also the case of Ms. Sen’s husband being utilized with NDTV whereas she was the assessing officer. the remainder can still would like additional proof to prove wrongdoing.

But there’s a scam okay. The add of Rs. 5,000 cr. is somewhat giant (in my head, even 1/100th of that quantity is large). the govt. would move to permit a less partial investigation into this and provides a close reports in order that India, in Arnab’s dream conclusion, truly is aware of. Wow.

NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal

Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

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Forgive my english grammar or other mistakes. Thank you.

https://rbroy01.wordpress.com

Check out my other charts on Nifty and “Best stocks to buy
SBI chart – Best stocks to buy :
SGX Nifty – best stocks to buy :
Reliance Industries: Best stocks to buy :
JP Associates : Best stocks to buy :
NSEIndia, BseIndia, Market Daily Market Pulse – S&P CNX Nifty
Nifty Buy or Sell, Options, derivatives, NSE, charts, profits : Best stocks to buy
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NDTV Scam – accused of Laundering 5,000 Cr. in Yet Another Politically Connected Scandal

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