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56 ArticlesSuckered

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Jubilant Backtracks From Paying Promoters For Brand They Don’t Really Use

Jubilant Foodworks and Jubilant Life Sciences are companies owned by the Bhartias, who’ve run them well so far. Yesterday they did something strange – ...
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Suckered: Raymond Wants To Sell Prime Mumbai Land to its Promoters, 90% Lower Than Market Prices

Sometimes, you wonder how brazen promoters can be. And then you find out: More brazen than you can imagine. Consider this: There is a company, Raymond. ...
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Fake News in Stocks: Of Signal, Noise and Bias

In April of 2013, the Associated Press twitter handle was hacked and a tweet went out which claimed that the President was injured in a bomb attack on the ...
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Suckered: How a 4% Loan for Furniture Actually Costs You 12%

So my friend, let’s call him K, decided to go buy furniture and fixtures. He went to HomeTown and bought stuff worth Rs. 76021. And then there was a ...
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Bharat Forge Promoters Bought Shares For Themselves at Par in Defence Subsidiary: Part 2

After Bharat Forge was caught having reduced its ownership in its key defence subsidiary, Kalyani Strategic Systems Limited (KSSL),  from 100% to 51%, the ...
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Suckered: Zero Interest Loans from Builders for 100 Months are like Bridges for Sale

In a recent twitter conversation, it turned out that builders are offering “interest free loans” to customers. A company called “Investors ...

Suckered: Bank Of Baroda Sees a 375 Cr. Fraud And Quietly Takes The Hit, But Who is the Company That Frauded Them?

Bank of Baroda has an interesting footnote in the Sep 2015 results: Wow, you think. 375 crores! That’s a lot of moolah to lose in one fraud. But ...

Eros Tanks 31% in the US on More Uncertainty of How Many Movies They’ve Actually Distributed, Management Response Inadequate

Eros Plc is down 31% in the US on the day of Diwali. And largely because of concerns about reported numbers. The stock has tanked substantially, here’s ...

Suckered: We Did Not Audit This, Say Auditors of C Mahendra Exports

Last Year I wrote about “Chipkaofication” and a stock called C Mahendra Exports had seen its stock go from the Rs. 60 levels to Rs. 240, when it ...

Black Money Laundered Through Bank of Baroda’s Delhi Branch, Dummy Imports Worth 6,000 cr. Found

Bank of Baroda’s officials in their Ashok Vihar (Delhi) branch seem to be doing something really shady. More than 6,000 cr. was found to have been ...