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From Worldcom to Satyam11-MAY-09
It is early days yet, so it's difficult to say if Ramalinga Raju will be convicted in the Satyam fraud case, and how many years of imprisonment he'll get. Certainly past history, with cases going back to Harshad Mehta, suggest he'll get away lightly, but why be pessimistic, maybe India has changed? The point, however, is that even if Raju is sentenced to jail for the rest of his life, how does it help the investors he's duped — indeed, his family members will continue to live in style.
Newsmaker: Nirmal Kotecha01-MAY-09
Nirmal Kotecha is a self-confessed admirer of Harshad Mehta and a faithful follower of his technique.
A K Bhattacharya: The other Satyam question14-APR-09
Harshad Mehta was the man behind the biggest stock-market swindle in India. He manipulated stock prices by exploiting loopholes in the banking system. Mehta and his associates used funds available from inter-bank transactions to buy shares at a premium that contributed to a sharp rise in the Sensex, the Bombay Stock Exchange’s benchmark index.
Mumbai broker wins bid for Harshad's flats for Rs 32.60 cr14-FEB-09
Ashok Samani, a Mumbai-based stock broker, today won the bids for the eight apartments owned by late Harshad Mehta and his family in upscale Worli by quoting a price of Rs 32.60 crore. The sale has to be approved by the Supreme Court.
Court extends Harshad apartment bid by one more week06-FEB-09
The special court today extended the bidding for late stockbroker Harshad Mehta's eight apartments for one more week to allow the stockbroker's brother Ashwin Mehta to get more candidates, who can bid higher amount for the Worli property.
Harshad apartment auctions attract minimal interest05-FEB-09
Less than half-a-dozen people have evinced interest in buying the eight apartments owned by the late Harshad Mehta and his family, partly due to a last-minute case filed by the stockbroker’s mother, Rasila S Mehta.
'Big bull' Harshad Mehta's flats up for sale08-JAN-09
Sixteen years after the stock market scam orchestrated by Harshad S Mehta, the custodian has put up eight apartments in a complex called Madhuli, which is occupied by his family in upscale Worli, for
Subir Roy: What's a crore or two these days?31-DEC-08
My god, interjected the wife as she glanced through the morning papers in search of trivia and titbit to go with a lazy cup of winter morning tea, somebody’s stolen 2.6 crore rupees from the
A K Bhattacharya: Singh and the Sensex22-OCT-08
The Sensex rose steeply in early 1992. From 2,000 on January 15, it had touched 4,000 by the end of March.
Call rate slips down further to 1.25%31-MAY-07
The overnight inter-bank call money rate fell to 1.25 per cent at the close of trading in the money market today, down from yesterdays low of 4 per cent.
Rs 85,000 crore tax arrears may be written off04-JAN-07
The government may have to write off a whopping Rs 85,000 crore tax arrears out of the total arrears accumulated over the past several years as these have been found non-recoverable by Income Tax
Retail investor back, in droves18-SEP-06
Retail investors may have been staying away from the stock market after the May meltdown, but the flow of household savings into equities has grown over four times in the past year.
Stock market crash: BJP for JPC probe10-JUN-06
The BJP has demanded a Joint Parliamentary Committee (JPC) probe into the stock market crash. We demand a JPC probe on the last 21 days of the stock market and the role of Finance Minister P
Suman Bery: Animal spirits11-APR-06
After the recent bullishness sentiment may be about to change.
Tamal Bandyopadhyay: Crime and punishment02-MAR-06
The RBI has acted strictly in penalising banks for violating established norms. But do these banks run a reputation risk? Hardly
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