#ChitraR Is this seriously the largest derivatives exchange in the world? @nseindia Has @FinMinIndia or @SEBI_India done a white paper to show a complete clean up? We know all the smut in Ernst&Young forensic audit is not mentioned in the report.
@NSEIndia@FinMinIndia@SEBI_India Same WTM has submitted a 9-page note to facilitate NSE IPO. Is raising money the primary objective or will this first level regulator with 29 broker defaults since 2020 be made accountable at all? Or is it that in #MeraBharatMahan SOME ENTITIES have #easeofdoingbusiness & living
Isnt it a fact that if details of the mantra-tantra stuff dug up by Ernst&Young was to be published, it would look like fictional Sacred Games or stuff. So who is being protected and why?
Finally, Dr V R Narasimhan has been DEAN of NISM for 7 years while SEBI was investigating and continue even after the order? nism.ac.in/our-team/ What about governance at regulator's own organisations? @TVMohandasPai
Board selection. SAIF is troublemaker, Abhay is friend? GoldmanSachs is useful (how?) - Phenomenal! #NSE
Look at the detailed manner in which this darling guru is deciding HR matters, promotions and increments. Shouldn't SEBI provide evidence of FULL CLEAN UP before daring to think if IPO? @nsitharaman@PMOIndia ?
The damage to Women executives is complete with this -- remember how many awards she won for breaking the glass ceiling? This makes me cry more than anything else! Damage to all women achievers!
Didn't you think SEBI appooints public interest directors? Hello, Rajguru does at #NSE : Check this out - questions to FIIs- WHY is Abhay Havaldar such a permanent favourite? Anyone ?
BTW Did #PChidambaram know the holy #NSE was being run by a siddhapurush? He was constantly in touch with the MD.
True hand of god running this god-like exchange. Now you know why nobody - especially in this govt wanted to initiate action!
WHAT IS MOST ASTOUNDING - AND I AM STOPPING HERE IS THAT NSE HAS DARED TO CONTEST INSTEAD OF PAYING UP RS1000 CRORE WHICH WAS A PEANUTS PENALTY. WHO SUPPORTED THAT ACTION? WHICH GOD OR GODMAN RECOMMENDED IT? ANYONE @FinMinIndia -- ARE YOU TRULY SAYING YOU CANNOT NUDGE EXCHANGE?
The comments to this article show the frightening lack of financial literacy+ awareness in India. DHFL FD Investors are still clueless about resolution!! How does one tackle this? @MoneylifeIndia has reported this relentlessly & these are our readers! moneylife.in/article/dhfl-f…
@MoneylifeIndia Some FD holders were mindlessly abusing us because they received 23%, we finally blocked them. Many equity investors are clueless their shares have long been extinguished! Some are still in the process of waking up from deep slumber! @MoneylifeIndia
What we need is for people to get together to have challenged this: moneylife.in/article/dhfl-r… but UNLESS #DHFL investors or ALL investors WAKE UP, how does one fight anything? @MoneylifeF
some reminders required -- since Google and tweepler don't seem to connect and news is forgotten instantly! Who paid the price of a failed bailout? Employees!! moneylife.in/article/if-jet…
Yes a BIG part... but people are ignorant. Also while IEPF prominently says DONT GO TO AGENTS -- it is extremely difficult to file claims successfully - that too online! People wont fight and @nsitharaman@FinMinIndia dont care. IEPF authority unaccountable. MPsSquabble!
@nsitharaman@FinMinIndia Many people dont even know there are shares in their names. companies have stopped paying dividends etc. So it is agents who search & approach investors. Fees range from 15% to 50%, depending on your ignorance levels! But often, what is the choice when REDTAPE is mindboggling?
@nsitharaman@FinMinIndia With the kind of stringent KYC and video KYC insisted on by this govt #NDA, there is NO EXCUSE for NOT TRACING rightful owners and returning their money with basic authentication. NOBODY CARES to fight for this, LEAST OF ALL INVESTORS. Most won't go beyond TWEETING gyan here!
I am bombarded by emails/tweets from Uttam Value Steel. Level of ignorance is stupefying! one guy with 94.11 lakh shares has woken up today. Most others just learnt about 6-month old NCLT order extinguishing shares. Sure @SEBI_India is sleeping but so are these investors! 🤦🏻♀️😡
@SEBI_India Lesson No 1. Equity is Risk Capital. So forget about Ishq with your equity, you need to look at prices, results and announcements every day! Otherwise stay away!
Lesson 2: Equity market is NOT safer than a CASINO. When you play cards or go to a casino or buy a lottery ticket you expect to lose sometime. but in the market, you expect prices to go up, up and up -- hilariously enough to "protect retail investors". Wake up. Get REAL
Thread: Some experiences at @MoneylifeF : Young techies who abuse us for 'cribbing' all the time, suddenly discover their parents have lost lakhs in Helios, Plethico etc FD frauds. Google, find our work and ask for "updates"! Lost inheritance opens minds! But that war long over
@MoneylifeF Youngsters will abuse renowned activist who is in her 80s for demanding promised service from banks/telecom etc. It is 50 years of people like her that gave you your rights. Google & tech didn't! Have respect: moneylife.in/article/dis-se…@MoneylifeF
@MoneylifeF Even the right to change service providers, the right to your Credit Report, the right to switch mobile providers were battles someone fought to make your life safer. Technology only facilitated it. Corporates would still block the switch if they could. So wake up.
Would anyone like to guess who is India's largest corporate defaulter? Think hard. It is not Mallya, NiravModi, Not even Essar-Ruia or Sandesara, JatinMehta etc. NO ACTION taken against him by strong GOVT of INDIA!!
This is a nice exercise in basic knowledge -- 1) a defaulter is NOT someone with a huge debt. You can have a MASSIVE and worrying borrowing but that is NOT a default. This one has filed bankruptcy!
Many people are touchingly clueless about the extent of corporate default. yes, a default of Rs 8000 crore (nirav), Rs10,000 crore (Mallya) is big, but we are talking about 15 times the amount (at least) and no muscular govt action! in fact SILENCE