Regulations: Lapsed ULIP Can Be Revived within Two Years
ULIPs (unit-linked insurance plans) launched since September 2010 (new ULIPs) do not have the...
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Stock manipulation: Yarn Syndicate
Yarn Syndicate Limited, supposedly, trades in, and exports, cotton yarn. In the past quarter, the company made total sales of just Rs5 lakh and incurred losses of Rs22 lakh. In quarter before that, the company incurred a loss of Rs2.11 crore and had no sales at all. It has been incurring losses for the past 14 quarters, except quarter ended September 2013, and has practically no sales. 
However, that has not stopped the stock from rocketing up—from Rs1.9 to Rs6.28—a 231% rise in 18 months. Yarn Syndicate cannot pay dividends; its earning per share stands at a negative Rs7.77. It has only 3,671 shareholders. The number of trades of the stock has generally been between one and five per day, reaching five shares a day, once. There was no trading activity for three months between 16 February and 16 May 2016. However, a total of 24,720 shares were traded on 10th September, in just two trades. 
Seems like some individuals are interested in taking the stock price up, to convert black money to white, laundered through the tax-free long-term capital gains route. Is SEBI watching?




3 days ago

SEBI chairman said people opened up shops to offer a LTCG to a pre-decided group of people. there are more than 200 listed companies SEBI had short listed. why SEBI is not publishing that list openly. Scrutiny of LTCG scam by SEBI is its
elf an another scam

Surinder Mohan Arora

2 weeks ago

company made total sales of just Rs5 lakh and incurred losses of Rs22 lakh, wheather loss has cash or Depreciation

Tokyo blackout leaves 350,000 houses without power
A fire at a power facility triggered a huge blackout on Wednesday in Tokyo, leaving 350,000 households and several government buildings without electricity and halting trains during rush hour.
The Tokyo Electric Power Co (TEPCO) is probing the cause of the fire while Tokyo authorities have ruled out a terror attack as the reason, EFE news reported.
Footage from public broadcaster NHK showed a cloud of black smoke rising from the TEPCO facility located in Niiza, north of Tokyo, from a fire that is said to have caused the outage, according to the company.
The firefighting service detected an explosion before the fire.
TEPCO said 350,000 houses across the city were affected by the power cut though the supply was resumed around two hours later.
Many people trapped in elevators had to be rescued by firefighters and traffic signals at several locations in the capital also stopped working. 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.


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