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A Lion’s eye on the Bulls and Bears

“In India, companies may fall sick, but promoters rarely do!”

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September 2013

Straight from My Fresh Leased Heart on this The World Heart Day

Just recovering from a Cardio Vascular Affliction and have just turned 51 ~ so I speak straight from a fresh leased Heart !

At the very beginning let me thank God and My Wife and Children in particular ~ they are my Lifelines ~ they simply took over to nurturing me back to health with a strength and devotion that was simply awesome ~ they are my Inspiration ~ and of course the hundreds of Family and Friends and Associates and Clients and Staff and Blog Readers who sincerely prayed for me

Today is Sunday and it’s The World Heart Day~ Many Sunday Dailies have printed some brilliant articles on the Heart and how to Prevent Cardio Vascular Disease and how to spot you could be vulnerable to one…and what is the right food to a healthy heart…..Read today’s Edition of Times of India and it’s Special Supplement…providing you a few links too below

Ten Commandments for a healthy heart

Lifestyle adjustments keep heart diseases at bay

Our Sedentary Lifestyles,eating out often  and quite often junk food,sleeping late at night and not getting adequate sleep  ~ all lead to to Obesity,Diabetes  and High Risk of Cardiovascular Disease

Just follow with Discipline these Four Points on this Checklist to have a healthy Heart and reduce risk of  any Heart related Disease

  1. A Healthy Diet ~ Walnuts,Orange,Green Vegetables,Black Beans,Skimmed Milk,Extra Virgin Oil….check with a good dietician for a balanced diet ~ Red Wine too taken moderately is good for the heart
  2. Daily Exercise ~ Walking is the simplest prescribed ~ begin with 10 minutes and go upto 30 minutes a day atleast ~ you don’t have to go for a strenous or vigorous gym work out
  3. No Smoking ~ Smoking  has been a major reason for inviting Health Problems ~ even Passive Smoking is a Killer
  4. Annual Comprehensive Health Check Up  ~ Absolutely Imperative even if you feel healthy ~ I neglected this for years and am paying the price for this
My Recent Health Ordeal of the Heart

I am passionate about my line of Work in Researching and advising and training on Indian Equities and commenting on the Economy and the Implications of Policies and Statistics~ Like Mad Scientists ,when I’m in Momentum I do not even look at the Watch or Clock and research and blog often till wee hours of the Morning ~ I’m also a Foodie ~ A Vegetarian ~ I don’t Smoke except an occasional Cigar once in six months ~ Am Fond of Beer and Whisky  and indulge in them moderately ~Oh ! and I’m crazy about Chocolates & Pastries ! ~ you may find it difficult to believe that I was very active in all Sports in my School,College and early Career Years and even Captained Many Sports teams ~ Cricket and Football were my favourites

Then in the early 1990s I began devoting all my Time and Energies and Passion to building up my Career and Business ~ never took long Holidays ~ just infrequent weekend breaks ~ worked all night in the office on many occasions ~ enjoyed various veg cuisines while out entertaining Clients ~ always asked for more butter on my toast and extra cheese on my Pizza and ghee in my dal and rice ! ~ love Italian ~ Pizzas with extra Cheese and Olives and Pastas and Risotto and Ravioli and Lasagna ~ Love Chinese ~ Love Continental ~ Adore a Gujarati Thali ~ Love Punjabi ~ Love South Indian ~ Love Junk Food …..what Food Cuisine do I not Love ! read more

Just Back from a Quantum Gazing Session with Connie Shaw through Skype

Just Back from a Quantum Gazing Session with Connie Shaw through Skype

Had accepted an Invitation from a close friend,a great devotee and believer in late Sai Baba of Puttaparthi ~ in fact has done his schooling there ~ he  was concerned about my recent health and had requested me to attend such a session at a residence of  another Sai Devotee ~ there were 40 of us and it was our first introduction to Quantum Gazing ~ Wife,daughter and Friend had accompanied me

We were seated by 6.30 pm in the gracious host’s house .The Session began at 7 pm with  a  20 minute Video Presentation on People expressing their personal beneficial experience with Gazing and on the various Masters of Light ~ Divine Humans,Gods,Saints and Angels

Then  we connected Live with Connie Shaw and her husband Jim on Skype ~ They spoke about Quantum Gazing interspersing with experiences of real people ~ Connie declared at the outset she was no Guru or Mystic ~ just like all of us ,a conduit ~ She currently reaches out to 6000 people in around 82 groups around the world

We had been requested to come with three to four specific intentions that we desired to change in our lives ~ Health,Relationships,Finances etc  ~ we were asked to lift our shoulders to our ears while breathing in deeply and then exhale to feel the warmth going through to our heart ~ did this a few times ~ then we were directed  to close our eyes and let float our specific intentions we had come with and no longer worry about them ~ then open our eyes gradually and gaze at Connie…..we did this for several minutes and were then asked if any of us would like to share what we felt after the gaze….some felt warmth….some saw God….I told her that I was  recovering from a Heart Attack and was in hospital even last week and felt breathless at times and the doctors were concerned about why this was happening~ gazing at her I sensed a serenity in her that transferred to me and eased my breath ~ an instant awe went up in all as I revealed this ~ Connie instantly told me not to worry about the doctors concerns ~ discard the negatives ~God is with me and my Heart will be taken care of ~ always be positive and look for the good to create more good ~ she spoke of ‘Atma’ and ‘Shakti’ and ‘Darshan’ ~ like the tide when it rises will raise the boat levels ,so will our spirits be lifted with quantum gazing and many of us will become magnets attracting others who like being around and with us….just like besides a waterfall or the fireside ! read more

Two Interesting News Bytes ~ SAT adjourns Reliance Insider Trading Appeal & UMPP Tenders revived

Two Interesting News Bytes ~ SAT adjourns Reliance Insider Trading Appeal  &  Government announces to revive UMPP Tenders Bids

SAT adjourns Reliance Industries Insider Case Appeal to October 11,2013

This Case is a hot potato with apparent heavy political overtones

The Securities Appellate Tribunal adjourned the Reliance Insider Trading Case to October 11,2013 and also dismissed the intervention petition of an Urdu Editor,M Furqan to be made a party to the appeal.He edits the UP Daily ‘Sach Bilkul Sach’ and had accused collusion between SEBI and Reliance Industries to settle the matter ~ A Three Judge Bench said the petitioner can approach the High Court or the Supreme Court ~ Darius Khambhatta,the Mahrashtra Advocate General was representing SEBI while Janak Dwarkadas was representing Reliance Industries ~ Reliance had appealed to SAT that SEBI  had rejected it’s Consent Application to settle the matter

This matter relates to Insider Trading in November 2007 where it is suspected that RIL made a killing of hundreds of Crores inside a fortnight on insider news ~ supposedly Rs 513 crs but could have been much higher

From FY 2002/3 all penalties go directly to the Consolidated Fund of  India and not into SEBI.What SEBI does get are the Fees and Charges from FIIs,Brokers and Derivative Dealers etc.SEBI’s Annual Report of FY 13 shows Rs 149 crs collected through such fees in FY 12/13

SEBI has a strong case and last year it came out with stricter regulations that does not allow for consent applications in Insider Trading cases ~ had blogged on it as below

In the Right Direction ~ SEBI announces that Insider Trading and Front Running and Fraudulent Practices will not be allowed in applications for Consent Orders…Well Done SEBI ~ Clean Up our Markets so that Promoters no longer Can!

Saturday, May 26th, 2012

For those who are interested in some details of how the Insider Trading is purported to have transpired have a look at these two blogs I posted in August 2008

Proof Of Insider Trading in RPL…Yet Blind Eye Turned by SEBI

Wednesday, August 6th, 2008

Mukesh Ambani coterie accused by Samajwadi Party for Insider Trading in RPL and Jai Corp

Tuesday, August 5th, 2008

 

Private Companies may not fuel India’s Ultra Mega Power Plans 

The last Ultra Mega Power Plant Tender was awarded to Reliance Power in 2007 for Tilaiya.The Tender had attracted 20 bidders

The Government,through it’s nodal Agency Power Finance Corp is now again set to invite bids for two UMPPs in Odisha and Tamil Nadu.In fact the Bid Invitation on a DBFOT Basis for the 4000 MW  Cheyyur UMPP in Tamil Nadu has also been announced today

Private  Players had requested the Government to allow UMPP on a Build ,Own and Operate (BOO) Basis instead of the current Design,Build,Finance ,Operate  & Transfer (DBFOT) as the DBFOT Model was found to be unbankable and unviable

So far Four UMPPs have been awarded.Tata Power is constructing at Mundra in Gujarat while Reliance Power has got the other three at Sasan in Madhya Pradesh,Krishnapatnam in Andhra Pradesh and Tilaiya in Jharkhand read more

Financial Technologies @ Rs 144 ~ A Story of Guts and Glory now Guttered !

Financial Technologies (FTIL)  @ Rs 144 (FV Rs 2)~ A Story of Guts and Glory now Guttered ! ?….though Jignesh Shah ,the Founder Chairman and MD of the FTIL Group (MCX,NSEL and others)states this in his message in the FY 13 Annual Report “….these are tough times the Company is facing and Financial Technologies is making all efforts to come out of such situation” 

I don’t own any shares of the FTIL Group but I do have some very good friends and associates who work for it and are extremely wise and forward thinking and manage the FTKMC admirably and who graciously invited me for the MCX Equity Exchange Launch at Hotel Trident where our FM,Mr Chidambaram in his inaugural speech lamented Insider Trading and Speculation but amusingly went on to sound the gong for the Exchange’s first and symbolic Future trade !

Media has justifiably gone to town on the NSEL and FTIL Group Plight ~Realms can be written on this and am sure a Best Seller Book too will finally be published to reveal what went wrong ! and was it a deliberate sinster plan right at the outset ! ~ and what is the extent of Political patronage at the highest level that’s keeping the Group alive and kicking till now !

For Now this is all that I’m going to say…….

From Rs 1224 on November 13,2012 last year the Share price of FTIL sank to Rs 102 on August 30,2013 and had recovered since then to Rs 160 levels

However today the Share Price intraday dropped over 10% to Rs 140 levels as yesterday on the eve of the AGM the Auditors Deloitte Haskins & Sells has announced that their report of May 30,2013 on the standalone and consolidated results of FTIL results as on March 31,2013 should no longer be relied on ! 

Remember the Satyam fiasco and how the Auditors Pricewater House had released a similar note warning that the last 39 quarters of their audited results should not be relied on ! ~ this went all the way back from 2009 to 2001 !

FTIL’s EPS for FY 13 was Rs 70 ~ It’s June Q 1 FY 14 shows Rs 17 ~ but Deloitte now tells us not to rely on their report !

FTIL owns nearly 100% of the troubled National Spot Exchange Ltd (NSEL) which is embroiled in a Rs 5600 crs payment crisis ~ there is more than meets the eye in NSEL ~ FTIL has already lend Rs 173 crs to NSEL to fund payouts to smaller investors ~How in Hell did this hole in NSEL go undetected for so long !? ~ the answer is suspected to lie in that there was hardly any internal control and deliberately so ~ there was no eternal regulation worth mentioning~ the Operators or Borrowers,the Exchange Administration,the Directors and FTIL as the near 100% Owner  were all seemingly colluding parties ~thousands of crores of borrowed monies were created for the benefit of just a chosen few ,and some were director related parties,through scheming financial structured products,supposedly backed by physical comfort of commodities in warehouses ~ these products were aggressively hawked to high networth investors by a network of brokers,including leading names like Motilal Oswal,Anand Rathi and India Infoline, for a few additional interest points and rolling commission or brokerage ! ~ Most of these funds  are suspected to be diverted away from the exchange read more

When you are Happy and you know it clap your Hands!….and when you are not……!

I’m Happy about so many things…..

……proud of daughter and her School team of three bagging the trophy at the TIFR Brain Camp where they successfully defended their project “The Effect of Glucose on Cognitive Abilities” ~ 33 top students from 10 top Mumbai Schools attended the four day camp where they interacted with top neuroscientists 

…….love when Sensex drops and cannot sustain 20000 + levels as it will give some us interesting and lower risk levels in specific scrips to buy into….ideally would love the Sensex to drop even below my bottom range of 18500 I gave at the beginning of 2013 !….hope the US Fed obliges and begins tapering soon ! 

…….love to see Yuvraj back in form and want to see him regain his place in the India Team…he’s fitter and wiser and I guess more humble…and I’ve always loved this guy and his swagger !….he’s a match winner

…….loved the announcement of  Tata and Singapore Airlines launching their Airline 

…….happy to be recovering well and regaining strength and energy and appetite thanks in great measure to  the continuous and  overwhelming support, prayers and concern expressed by so many…deeply touched and makes me introspect am I this deserving !…had  an hours’ pleasant outing after 50 days !

……..happy for my cousin Bini Patel and her husband Gyan Correa  for their National Award winning film ‘The Good Road’ being selected as the India representation as the best foreign film  at the 2014 Oscars….hope it makes the final five !

I’m also not Happy on a few things…..sad,angry and helpless

……..Thought Karan Johar was a sore loser voicing his anger and that we had lost a golden chance to win when his ‘The Lunchbox’ was not selected and the 16 member jury opted for ‘The Good Road as above….I have seen neither but surely the Jury must have seen something good in ‘The Good Road’

……..Unprovoked Cowardly attacks continue unabated as innocent people including children and women are massacred around the world….An upmarket Kenyan Mall was attacked…..Suicide Bombers targeted a Peshawar Church….hundreds have died yesterday in both and even more have been been wounded

……UPA Government overturning a Supreme Court Order and passing an Ordinance to protect convicted MPs and MLAs from losing their Parliament and Legislature Seats…..this is the level of degenaration we have now stooped to that we shall be helpless when continued to be governed by Criminals !   read more

Some Inspiring Lord Ganesha’s enroute Visargan

Ganpati Bappa Morya ! Pudchya Varshi Lavkar Ya !

Some Inspiring Lord Ganesha’s enroute Visargan  on Wednesday,September 18,2013 ~ this was the first time in over a month and a half I was allowed to go out for around an hour to soak in the atmosphere outside home ~ Wife and Children and I ventured out at 9.45 pm for a drive to see the Glory of Visargan ~ the Traffic was definitely much less than in previous years ~ even at the buzzing Chowpatty

Here are some Lord Ganesha’s captured by me on my mobile as the Processions head towards Chowpatty beach for Immersing the Idol

I was so tempted to get out of the car and join in the celebrations ~ what held me back is my health that needs to recover fully yet and of course my watchdog family who would have driven me straight home if I even had voiced the intention ! 🙂

In September 2008,my wife and I had ventured out early morning to be blessed by Lalbaugcha Raja and other Lord Ganesha’s  as they were led for Immersion at Chowpatty Beach ~ we were trully blessed and we captured several inspiring pictures,some of which I have posted as a page on this blog ~ have a look here

Lord Ganesha Visarjan 2008 – Lalbaugcha Raja & Others – 15 Sept 2008

Monday, September 15th, 2008

Many in Family & Friends were blessed to get a personal Darshan of Lalbaugcha Raja this year and many conveyed that they had prayed for my good health and fast recovery to the Lord ~ touched by this gesture

Ganpati Bappa Morya ! Pudchya Varshi Lavkar Ya !

Bappa Morya Rey ! Bappa Morya Rey ! Morya Rey ! Bappa Morya Rey !

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