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Month: August 2013

7 / 9

NSEL Tells MoneyLife How They Wanted Us To Think It Works

NSEL had supposedly given an interview to Moneylife where they explain their operations. Now it appears some of this are a little awry. Here’s my take on ...

Shiv-Vani Defaults on FCCBs, Lenders Demand a Wind-up

Adding to the list of defaults is Shiv-Vani Oil & Gas Exploration Services, which has not repaid Foreign Currency Convertible bonds of $84 million. ET ...

NSEL Pledges Stock with ICICI, SEBI Tracks Brokers and MCX Ring-Fenced Away

Business Standard is doing some awesome research about NSEL.This is real journalism. Now, they find NSEL’s jeera warehouse with a notice saying the goods are ...

Tech Gloat: Nifty Falls to Lower Bollinger Band, Is Airtel Setting Up too?

I wrote in a tech note on July 29 that multiple indicators point to a fall in the Nifty. Two very powerful ones seem to be an Bollinger Band rejection along ...

Dollar Now at 61.7, Euro at 80.95; Looking Ominous

The dollar is at Rs. 61.1 61.7 and things look bleak again. Despite the cut in liquidity by the RBI, the dollar is hitting a new high against the rupee – and ...

Capital Mind's Timeline of the NSEL Crisis

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NSEL Payout To Prefer Small Investors, Can’t Even Trade E-Series Anymore

NSEL investors that put in 10 lakh rupees or less will get “preference” in the NSEL delayed settlement, says ET. Of the 13,000 investors, around 7,000 have ...

Capital Mind Quoted in the NSEL fiasco

It feels good when mainstream media quotes you, and even better if it’s twice in the same day! Here’s Sundaresha Subramanian at Business Standard on how ...

Jignesh Shah Has A Press Conference, Creates a Committee, Spends Seven Hours.

Jignesh Shah, promoter of FT which in turn manages NSEL, the exchange that has defaulted on settlement (*), has had a press conference. The important point ...

July PMI for 2013 Contracts, A Four Year Low

India’s Purchasing Managers Index (PMI) for July 2013 came in at 48.4 (composite of Manufacturing and Services) the lowest since 2009.   Numbers below ...