Here is a peculiar and interesting case study in the investor grievance domain that I have been involved with for the past two years. I would like you to suggest ways for getting justice for these investors. The case is that of the de-merger of a listed corporate entity, Shyam Telecom. After getting an in-principle no objection from the exchanges, the company gets a high court order and...
Over the past few issues, MoneyLIFE Technicals has been maintaining that the likely level for the Sensex is between 13,500 and 15,500. In the week ended Friday, 26 September 2008, the Sensex ended at 13,102. It opened at 13,994 on 22 September 2008 and kept moving lower. Now that 13,500 has been violated, the next support on the weekly charts is at 12,850 which may not hold. There is another...
The accompanying piece on the highhandedness of Indian revenue and law enforcement authorities may seem shocking to many ordinary citizens but not to those who have a ringside view of the hurdles faced by Indians, especially Indian businessmen. India ranks pretty low in world ranking of freedom. We may pride ourselves on our economic growth rate but, according to the 2008 assessment of...
