Disqus - Latest Comments for suchetadalal

Re: PPFAS to begin Mutual Fund foray shortly

suchetadalal — Mon, 16 Sep 2013 11:43:40 -0000

This report is actually only for Moneylife subscribers and behind a paywall. Please do provide these links in the article itself . The link to this article is http://www.moneylife.in/art... also, do write to us for permission next time.

Re: Multi-Level Marketing: Some action in the offing?

suchetadalal — Sat, 30 Mar 2013 01:53:59 -0000

Please do share details with us. Would appreciate an email at sucheta@moneylife.in

Re: Multi-Level Marketing: Some action in the offing?

suchetadalal — Sat, 30 Mar 2013 01:53:33 -0000

Please search for QNet at www.moneylife.in or on this website. WE have written extensively on it

Re: Sucheta Dalal :Finance Ministry dismisses allegations made by former whole-time member of SEBI as distortion of facts

suchetadalal — Tue, 06 Sep 2011 02:47:30 -0000

Your credibility is clear from the manner in which you jump to conclusions. Every journalist lives for exclusive documents - dont see how the leak of all of Abraham's letter, which result in media reports that seem to support him are unbiased - which the leak of Sinha's letter is considered a bias? Funny.

Re: Sucheta Dalal :Mirror mirror on the wall…

suchetadalal — Wed, 15 Dec 2010 04:03:40 -0000

clearly you need to read and search this website more often.

Re: Sucheta Dalal :Rs11000 cr at risk: Jalan committee’s opposition to listing of bourses endangers investments

suchetadalal — Thu, 02 Dec 2010 09:36:34 -0000

Are you suggesting that NSE and BSE do not fulfill their regulatory role adequately because they are for profit organisations?
As for salaries -- isn't it strange that the MDs and CEOs will draw obscene salaries, while the Jalan committee wants investors, including anchor investors, who commit large sums of money, to get a fixed deposit type return? You can say you like one or the other... not choose what is best of both for stock exchange managements.

Saying a not for profit works well is sheer romanticism... when the BSE was a brokers club with vested interests we through that was true. When NSE was set up, we decided that professionals are fantastic. Once the same professionals were properly entrenched in a monopoly with a board that asks no questions and rubber stamps what the management wants, things have turned dramatically different.
At the BSE, which also turned professional and demutualised, we see one set of managers after another plunder the reserves and neither board not management is accountable because SEBI is sleeping.

Re: Sucheta Dalal :Rs11000 cr at risk: Jalan committee’s opposition to listing of bourses endangers investments

suchetadalal — Wed, 01 Dec 2010 08:55:37 -0000

In theory, both the comments are correct. We all started with that perspective. However, after watching the NSE in action in the past 5 years we have had to change our mind. Today, there are several reasons to believe that a so-called "professional" model has not quite worked. In the past 5 years, after NSE achieved a near monopoly status, it has only worked at building a turnover balloon by introducing a variety of dubious scrips in the derivatives segment. This raises stock exchange turnover and profitability.
Since the regulatory stance was that exchanges would be listed, the NSE -based on this profitability attracted investment at hefty valuation. This and its profits fattened by high transaction charges benefitted top management. A so-called remuneration committee chose to reward the MD and Deputy MD with salaries of Rs 6.67 crore and Rs 4.5 crore respectively.
How does any of these indicate a public utility? If the Jalan committee recommendations are implemented, we need to start on a fresh slate and also link the top management salary to that of the SBI chairman or RBi governor. I am sure, such a deliberation alone will be enough to ensure an about turn in the thinking of committee members as well.
That is why we think the entire Jalan committee is pure hypocrisy. If there is a strong regulator and the surveillance mechanism at SEBI and the bourses is tightened then in a competitive environment, multiple exchanges will keep a check on each other and listing will ensure that investors keep a hawk like eye on the management.
Sucheta

Re: Sucheta Dalal :SEBI’s retrospective multi-fold salary hike for employees unleashes widespread anger and disbelief

suchetadalal — Thu, 04 Nov 2010 05:59:44 -0000

You must read us regularly, not selectively. My friends at the RBI are angry because I raised similar issues about their perks. So dont go about attributing motives without checking facts.
The bigger issue is, will SEBI officers who are posting here, answer our questions about arrogance, high handed behaviour with investors and intermediaries and the losses they cause by shoddy and partisan investigation and the brazen misuse of Sec 11B which is putting companies out of business. I backed this for years until I found that it is a selective process -- the most notorious offenders go through the consent route with a tiny fine, or a warning or sometimes, not even that. It is those who apparently don't do deals with SEBI who are singled out for drastic action.

Re: Sucheta Dalal :Malaysian MLM company ‘offers’ 200% returns in 10 months via gold trading in India

suchetadalal — Sat, 30 Oct 2010 03:06:51 -0000

It is always like that with MLM schemes. That you get returns initially is not news. The MLM or chain does not work otherwise. In several schemes, including Citi Limouzine - people got the "said" returns for as much as 3 years. Then the bubble burst!!
We need to see what happens then...

Re: Sucheta Dalal :After the engineered price boom it’s raining discounts in real-estate

suchetadalal — Mon, 20 Sep 2010 00:42:43 -0000

Dear sir,

I'm Ashok Kumar Shaw from Moneylife magazine. I'm following on your
complaints about Royal Palms.

We would like more information about the problem you have faced in
purchasing an apartment from Royal Palms.

We will keep your identity anonymous if you wish to.

Please reply to the following questions.

1) You've mentioned about the problems in the apartments in Royal
Palms. Please elaborate on it with regard to your apartment in specific and
the whole building in particular.

2) Please inform us what the builder responded when he was questioned
about the lack of quality.

3) You also talked about the delay in possession. Please let us know
what the builder provided as reasons for the delay.

Also, please provide us other details which you think is important for us to
know.

Thanking you,

Ashok Kumar Shaw

Reporter, moneylife.in

9321516096

Re: Sucheta Dalal :SILENT SEBI

suchetadalal — Wed, 11 Aug 2010 06:35:11 -0000

If you have nothing substantive to say then I will delete your comments in future. Please respect the forum and post facts and counter view points. Yes, the source matters because all you have is nasty one-line comments. By allowing you to have your say, I am respecting your right to dissent.
Furthermore, you are not the first to try this stunt. India's leading stock exchange did it for a while too. It stopped when we tracked a careless email to one of their former employees.

Re: Sucheta Dalal :Stock Therapy

suchetadalal — Wed, 11 Aug 2010 06:20:28 -0000

Here is another one from SEBI... clearly the heat is getting to the regulator? Lets go to the preamble of the SEBI Act... market development and investor protection are part of it. Since you clearly read all the articles on Moneylife, you know that we are offering solutions everyday. Why exhibit your ignorance about the NPS which has 8000 investors? Read about it through a search on Moneylife. Also read how SEBI's actions have driven Rs 11,000 crore from the mutual fund industry since August 2009. So much for the regulator's contribution to society.

Re: Sucheta Dalal :SILENT SEBI

suchetadalal — Wed, 11 Aug 2010 06:17:21 -0000

This is another one... Mr FB you are doing no service to the regulator by posting fake names and IDs which make it very evident that your comments can only come from an insider!

Re: Sucheta Dalal :No Show

suchetadalal — Mon, 05 Jul 2010 05:29:23 -0000

Oh boy, one the one hand there is Gopal Pai, who is ranting about IOL netcom, which was virtually gifted the Reliance optic fibre network and now we have this diehard Reliance apologist, who is ranting about the "author". Maybe you and gopal pai need to have a dialogue to see if we have guts or dont. In any case, we never made any claims about ourselves, you are attributing qualities to us -

Re: Sucheta Dalal : Government drops change in TDS rules

suchetadalal — Mon, 05 Jul 2010 05:27:03 -0000

How about learning to make your point with some decency? what is self-glorified cucoon? Do you think the tax payer or the government gives me a pension as a so-called ICON? you have found this page, becuase you are looking for news on IOL Netcom and you cannot have failed to notice, that we alone have carried reports about its failure to pay employees. You are clearly an employee. So how about sending us details without the abuse and the bluster? The fastest way to put off a journalist is yoru style. After all, nobody gives us any kudos for writing against them. We still do it, because it is in public interest.

Re: Sucheta Dalal :SEBI’s Serial Slip-ups

suchetadalal — Thu, 25 Mar 2010 03:50:44 -0000

Now swamy, wouldn't it be nice if you were clear about what you said instead of merely bad-mouting. And why the seemingly guilty, third person reference (or are you shy) to "owner of the site" when it is clear that it is my article and I am also owner of the site, which is in my name. I take full responsibility for what is written. And you of course, are entitled to your opinion and I am happy to allow you to voice it here without a problem.
sucheta

Re: Sucheta Dalal :Will there be water in Lodha’s ‘Aqua’ project?

suchetadalal — Mon, 01 Feb 2010 05:36:18 -0000

There is a big difference between promises and delivery. Mumbai simply does not have so much water. In fact, every office is facing a water shortage and it is hard to believe that that such a pool of water will be available to new building. We will be watching this for sure!

Re: Sucheta Dalal :Corporate Filings

suchetadalal — Mon, 01 Feb 2010 05:29:04 -0000

a few 100 or less filings, no monitoring and no expansion to the whole universe of listed compaies is not called 'functioning' it is defunct. statutory filings cannot depend on a few good companies who bother to report... those do it on their websites as well.
best

Re: Sucheta Dalal :Put the SEBI House in Order First

suchetadalal — Mon, 07 Dec 2009 02:17:37 -0000

Thank you Mr.SEBI. How about giving me a list of those who you think are slow, what is the specific grouse you have against them and we will be happy to follow it up. Also, if you would like to spend time on our website, you will see that the criticism extends to all government bodies -- what does cyniciam have to do with it?

I also have a question. When you are so appreciative of SEBI's work, why not put your name to the praise instead of hiding a pseudonym ... that too with a wrong spelling.

Re: Sucheta Dalal :Switchover from RelInfra to Tata Power plagued by initial hiccups

suchetadalal — Tue, 24 Nov 2009 08:08:18 -0000

The long comment from Sameer Sulakhe almost seems like a plug for Reliance Infra. Forget the quibbling -- isn't it a matter of pride for Indian consumers that they have wrangled the right to switch from one monopoly service provider to another ... this is an integral part of privatisation, yet it required a long fight.
Incidentally, neither Tata nor Reliance are giving much information on the record, but Sameer seems to have loads of detail. Why not share it correctly with readers of this website, instead of ranting about what this journalist should or shouldn't have written?
Is there something else that is rankling the man? What is ridiculous about a factual report?

Re: Sucheta Dalal : Sacrificing SEBI’s credibility to save NSDL

suchetadalal — Mon, 06 Apr 2009 06:47:10 -0000

Would you rather that the report were unceremoniously buried and people remail clueless about the fake and hollow ring fence? Is it ok by you that SEBI pretends to be transparent but you do not find it in you to admire Dr. Mohan Gopal's courage in doing something that is bound to anger powerful people in government? Doesn't anybody else need to worry about SEBI's credibility?

Re: Sucheta Dalal : Ashish DeoraR17;s fairy tale with Reliance Infocomm

suchetadalal — Tue, 03 Mar 2009 23:45:32 -0000

why this all consuming interest in ashish deora? do enlighten me.

Re: Sucheta Dalal : COVER STORY (MoneyLIFE Issue 15th Jan 09)

suchetadalal — Fri, 30 Jan 2009 05:21:10 -0000

I agree with your point in general. It is indeed true of several boards in India. But Satyam was different. The Indians there were global Indians -- the Dean of ISB and two dons -- Krishna Palepu of Harvard and Ms.Srinivaan from the best of Ivy League... can't we expect better from them? I remember a corporate governance seminar when a Tata director said that he is rather "namby pamby" (his word) at board meetings, but found that Indians living abraod had no issues being aggressive and demanding answers firmly and politely. They also refused to allow the promoter to evade the issue by offering tangential answers.

Sucheta Dalal,
Consulting Editor, MoneyLIFE Magazine