I noted last quarter – on October 13, 2011 – that : The promoters of Sintex “plan” to buy 4.78% and take their stake up to 40%, says MD Amit Patel in a post-earnings conference call. … I don’t really get this. Why would you announce a purchase BEFORE you buy? The stock will run [...]

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Reliance Industries (RIL) has sold its stake in media entity Eenadu to TV18, in a convoluted complicated deal quite characteristic of RIL and TV18. Let me help you decode. First, the more recognized sources: Medianama’s Low-Down DealCurry’s analysis Times Of India Network18 and TV18 Press Release (Network18 is the parent of TV18) Reliance Industries Press [...]

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The BSE cancelled all futures trades in its recently introduced derivatives segment, on Mahurat Trading on 26 Oct. It was rumoured that using algolrithm trading methods-high frequency intra-day trades using software-a Delhi-based broker had played havoc with sensex futures. While the low for the day in sensex futures was 14,000, compared to the sensex close [...]

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Network 18 has something funny going on. According to me, the company is helping its own promoters buy more shares. Let me put forth some evidence. 1. A promoter entity called “Network 18 Group Senior Professional Welfare Trust” recently buys shares in Network 18. 2. I now wonder what this is. I check the NSE, [...]

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A tweet from @inquestioner went “Scary,34 million joined the ranks of the poor in India because of the recession that everyone was in denial of.UNDESA figurs.” [sic] I usually find these figures very global-warming type – meaning, highly suspect…

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