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Month: September 2013

4 / 9

Tech: Tata Steel and TCS Show Up Short

From the last ACC close we do seem to have some intermediate short positions showing in the MACD+Bollinger Reject system.  (HT @anayash and reader Himanshu) ...

RBI Tightens Screws on Forex Traders on Online Websites

The Reserve Bank of India, after getting sick of telling banks to please not allow their clients to transfer money to forex trading accounts (forex trading ...

From the NSEL Desk: Anjani Sinha’s Affidavit

The incredulity in the NSEL scam never ceases to amaze. Latest is that the ex-CEO Anjani Sinha tells a judge that he is the fall guy. Here’s his full ...

MSF Borrowing Still At 1.4 Trillion

MSF borrowing under the Marginal Standing Facility was 1.426 trillion (1.426 lakh crore) yesterday. This is close to the limit of 1.6 trillion that is the ...

SEBI Finalizes Angel Fund Regulations

SEBI has notified final regulations for angel funds. I have noted many of these in the past, so for background: Angel Fund Guidelines: Helps the Superangels, ...

The Low Risk NRI Mega Return Through Leveraged FCNR Deposits

Foreign banks are now rushing to fund Non Resident Indians who can invest the money into Indian dollar deposits under the FCNR scheme. The RBI has reduced the ...

Anjani Sinha Does a Madoff To Save The FT Board

The ex-CEO of the National Spot Exchange Limited (NSEL) has now decided to take the entire blame of the 5,500 cr. scam. So first there was a Ponzi scheme ...

CBLO Sees 72% Rates on Cash Crunch, MSF Borrowing Goes To Rs. 1.4 Trillion

The borrowing in the Marginal Standing Facility (MSF) went to a record Rs. 1.4 trillion (1.4 lakh crores) for the weekend, on the cash crunch due to the income ...

More NSEL: Just 85 Lakh in Settlement Guarantee Fund

In FinTech’s annual report, note that NSEL’s settlement guarantee fund was close to non-existent in comparison with the 800 cr. , 60 cr. and even 5 cr. ...

Wholesale Price Inflation at 6.1% for Aug 2013

Wholesale Price Index (WPI) based inflation for August 2013 was at +6.1%, an increase over the previous month’s 5.79%, the highest since Feb 2013. This is ...