One of the points I wrote in an earlier post (RCOM Shows You What’s Wrong With Corporate India: Veritas) was that RCOM had changed depreciation for telecom equipment from 10 years to 18 years. That bit is confirmed. From the 2008-09 Annual Report: From the 2009-10 Annual Report: (What might help find this kind of [...]

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Moneylife writes about how RCOM is the "poster child of everything wrong with Corporate India". This is from a Veritas Report by Neeraj Monga and Varun Raj, from Canada. 1. They claim that RCOM promoter holding went from 38% to 63% silently through merger with a group telecom business, but that should be nullified. RIL [...]

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RCOM has some good things going for it. And look at a technical chart: The stock’s up a further 2.3% at 183, as I write. Resistance is around the 192 levels, which is around the 200 DMA and a peak about six months ago. The fall all the way from …

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