INVESTOR ISSUES


Moneylife Digital Team 19 August 2010
The company has not yet paid 15% interest on the proceeds that it had received for its failed public offer in 2007, despite the Supreme Court upholding SEBI’s order to repay applicants’ money in 2008 Hyderabad-based paper product manufacturer Sri Vijaya Lakshmi Paper Convertors Ltd (SVPCL) Ltd...

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Moneylife Digital Team 18 August 2010
A gold-trading company that claims that it ‘earns’ 6% margin per month is ‘offering’ 200% returns to unsuspecting people from the North East. It looks like multi-level marketing (MLM) companies from India are not doing their job well enough in duping gullible people. Now surface reports of a...

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Amritha Pillay 17 August 2010
The fund’s head admits that there have been some bottlenecks in release of complete payments, but is confident that all investors will be paid in full Even after a period of one year, there are still some investors who await their first tranche repayments for investments made in the Osian Art...

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Moneylife Digital Team 16 August 2010
KGN and its related companies are running what looks like a pyramid scheme through a multi-level marketing chain in Pune under different names, ensnaring gullible small investors One of the most common ways people lose their hard-earned money is by investing in pyramid schemes. These companies...

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Pallabika Ganguly 20 July 2010
Residents in Mumbai don’t seem too keen on staying in high-rise towers. In a space-starved city, the only way to go is upwards, but a number of bottlenecks remain There are around 102 under-construction projects beyond 30 storeys being developed across India. Among the tall towers, most of...

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Moneylife Digital Team 09 July 2010
Thousands of clients of ICICIdirect were left in the lurch on Thursday, as its trading site was nonoperational for more than 24 hours. Many customers are venting their anger through comments on Moneylife.in and other forums The unavailability of ICICIdirect's trading portal during trading...

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After trying out every trick in the book, insurance agents are now coming up with misleading domain names that mimic LIC’s official website Insurance agents are trying to typo-squat to garner business. Typo-squatting is a form of cyber-squatting which relies on typographical errors made by...

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Moneylife Digital Team 01 June 2010
The market regulator has found that liquid and debt schemes change their expense ratio numerous times during a month and has proposed to limit it to 5 basis points on a daily basis (or 0.05%) in a day or 0.5% in a year Market watchdog Securities and Exchange Board of India (SEBI) in its...

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Agents are using the SMS medium with a ‘golden’ bait to lure customers Insurance agents seem to be devising newer and more devious ways to mis-sell policies to gullible investors. An agent based in Chennai is now using the SMS medium with a 'golden' bait to lure investors into a fixed-deposit...

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Unscrupulous ‘agents’ are trying new ways to sell insurance products by peddling unauthorised schemes which have no approval from insurers It looks like peddlers of snake oil are now focussing on insurance products. Local trains in Mumbai are plastered with advertisements of an ‘incredible’...

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Moneylife Digital Team 24 May 2010
The stock shot up 25% on heavy volumes since early March 2010—almost three months before its deal with Abbott was announced. Will SEBI look into what appears to be a possible case of insider trading? On 21st May, Piramal Healthcare announced that it was selling a part of its business to...

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Ravi Samalad 18 May 2010
You have to hand it to this company. The name itself—Rose Valley Chain Marketing System Ltd—makes it clear that the outfit is neck-deep in multi-level marketing schemes. And insurance is part of its arsenal. The company, certified by the Insurance Regulatory & Development Authority (IRDA) is a...

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Moneylife Digital Team 29 April 2010
The scheme claims to combine benefits of both large-caps and mid-caps by swinging the portfolio in the direction of the more attractive option. If that’s not market-timing, what is? When it comes to fancy ideas and pushy sales promotions, Indian mutual fund houses would definitely occupy pole...

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Moneylife Digital Team 14 April 2010
In a clear sign that we are in an extended bull market, funds with predominant exposure to growth stocks have outperformed the rest by a huge margin When mutual funds with a predominant focus on growth stocks like micro, small and mid-cap stocks completely outshine funds with a large-cap...

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Ravi Samalad  and   Aaron Rodrigues 12 April 2010
Finance minister Pranab Mukherjee has said that SEBI and IRDA have agreed to “jointly seek a binding legal mandate from an appropriate court” on the ULIPs issue Finance minister Pranab Mukherjee has finally stepped in to provide some clarity on the ongoing feud between the Securities and...

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Pallabika Ganguly 29 March 2010
The company, which listed on the BSE, has new plans for expansion and broadening its revenue base DQ Entertainment (DQE), a global animation, gaming and live-action entertainment production & distribution company, listed on the Bombay Stock Exchange (BSE) on Monday. Its order book stands at...

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R Balakrishnan  and   Sanket Dhanorkar 22 March 2010
The Budget has no long-term vision but is full of schemes for the ‘aam aadmi’. Here is how to make the best of it. Analysis by our columnist R Balakrishnan with Sanket Dhanorkar Perhaps no other Budget in the recent past has attracted as many eyeballs as this one. Even the Western...

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Despite economic prosperity and multiplying 24-hour business channels, retail investors are staying out of IPOs, mutual funds and pension funds—gypped by self-serving intermediaries and irritated by cumbersome rules of unaccountable regulators. Sucheta Dalal analyses Media reports...

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The new governance code is so impractical that it cannot further the cause of good governance or protect investors “Birds do not build nests on a tree that does not bear fruits,” quotes corporate affairs minister, Salman Khurshid, from Chanakya’s Arthashastra to express his hope that...

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Seven rules to ensure that your broker doesn’t give you a raw deal In the past fortnight, I received emails from four desperate individuals. Each of their stories had a common theme: that money had simply vanished from their brokerage accounts and they were left with hefty liabilities....

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