The Developers as usual are being brazen about it denying any wrongdoing despite tons of cash and incriminating documents being found.These Raids never result in convictions or prison terms and in India are generally politically motivated.Most of the Government officials are a part of the gravy train and would not touch connected Real Estate Developers without a push from their political masters.Expect these Developers to start their business as usual in a couple of months as India’s Political and Business Elite toys with the country’s laws with impunity.
India has divested small equity stakes in a number of state owned Commodity Companies this year and the trend is expected to continue in the future as well.Metal Mining company NMDC and Oil/Gas Player OIL India were sold earlier this year and Coal India Limited (CIL),Hindustan Copper and MMTC are also in the pipeline.Besides Commodity […]
It does not take a rocket scientist to figure out that stocks are being manipulated to the detriment of the small investors.Experienced people in SEBI would surely know of such manipulation but they are not doing anything.The Prakash Steelage has followed the “Pump and Dump” Script to the letter with the stock in the process of being dumped.The stock fell 13% for no apparent reason and I expect it to soon fall far below its issue price.Note the Promoters of this Stock have already been convicted of Tax Evasion.
India’s IT Sector had recently become a victim of new US Protectionist Policies when US Legislature imposed a $2000 Visa Fee on Companies with a Large Proportion of Foreign Nationals.India’s weak protests had failed to change the legislation which was signed onto Law by President Obama.I had written that India should have retaliated against US […]
The Indian Government had blacklisted Huawei and ZTE earlier this year on Security Concerns.These Firms were said to have close relations with the Chinese Government and Intelligence Agencies had raised a red flag about potential security breaches in critical communication infrastructure.This had led to a lot of to and fro with Telecom Operators and Chinese […]
The Indian Electricity Regulator has reduced the Renewable Energy Plant Size for Grid Connection to 50 MW.This has been done after State Electricity Boards were not connecting Green Plants to the Grid due to the CERC rules.However even at 50 MW the rule does not make much sense.All the countries in the world are promoting […]