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Stock Manipulation: Venus Universal
Venus Universal has shot up by 3200% in a year even though over four quarters, it has reported revenues of Rs2-Rs8 lakh each with negligible profit. The regulators couldn’t care less about such brazen manipulation
 
Venus Universal was earlier into the business of offering software solutions. In 2007, the name of the company was changed from VEL Software to Venus Universal. At present, the main source of revenue is from “sale of electrical contracts”. It also apparently runs a portal which contains the details of eye surgeons, eye banks, etc. However, the site does not throw up any name for a simple search for an eye surgeon in Mumbai. Over four quarters, Venus has reported revenues of Rs2-Rs8 lakh each with negligible profit. It has been suspended in the past for not complying with the listing agreement. But its share price indicates it has hit a goldmine! The stock has shot up from Rs0.02 on 17 September 2013 to Rs0.66 on 15 September 2014—a rise of 3200% in a year! This rise has been on an average of seven trades a day. But perhaps this is not rampant stock manipulation according to the Securities and Exchange Board of India.

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India beats Pakistan in penalty shootout to win Gold in men's hockey

Indian men's hockey team, with this win over arch-rival Pakistan, had also qualified for 2016 Rio Olympics

 

India on Thursday beat Pakistan in a penalty shootout to win gold in men’s hockey in the Incheon Asian Games. With this win, Indian men's hockey team also qualified for 2016 Rio Olympics after winning gold in Asiad. Indian women 4x400m relay team also won gold in the Asian Games.

 

This was the 160th match between the teams. At the Asian Games it was 13th meeting with three victories for India, two drawn and eight defeats.

 

Here is the sequence of Penalty Strokes...

1st : India 1 - 0 Pakistan (Akashdeep Singh)

2nd : India 1 - 0 Pakistan (Muhammad Irfan)

3rd : India 2 - 0 Pakistan (Rupinder Pal Singh)

4th : India 2 - 1 Pakistan (Muhammad Waqas)

5th : India 2 - 1 Pakistan (Manpreet Singh)

6th : India 2 - 1 Pakistan (Muhammad Umar Bhutta)

7th : India 3 - 1 Pakistan (Birendra Lakra)

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