MY SUCCESS STORY..

I MISSED MY NIGHT SLEEP (IN 1991-95, I USED TO STUDY THE HARD COPIES OF CAPITAL MARKETS AND DALAL STREET…UPTO 3 AM,ONE DAY UPTO 5 AM…., NOW  SIMILAR SLEEPLESS STUDY…, I NEVER STUDIED MY CLASS BOOKS LIKE THIS…) DUE TO A SERIOUS SEACH FOR TINY STOCKS THAT CAN FETCH 500-1000% RISE IN FUTURE. THE SEARCH AND RESEARCH IS ON………… THE STORY OF MULTIBAGGERS IS A EVER RISING NOVEL STORY IN STOCK MARKETS…ONLY THING WE NEED TO DO IS JUST TRUST WHAT YOU THOUGHT IS RIGHT AND BELIEVE IN WHAT YOU IDENTIFIED/STUDIED……..…….

A SATISFACTION BUILT DISAPPOINTMENT OF MISSING INDOCOUNT INDUSTRIES WHICH I IDENTIFIED AT 7-9 NOW AT 144 A 18 MONTH HOLDING PERIOD, A 1500-2000% RETURN IS A PHENOMENAL CASE TO “BLOW ONE’S OWN TRUMPET”.

AT A SIMILAR TIME FRAME IDENTIFIED MORARJEE TEXTILE AT SAME 7-8 RUPEES NOW AT 44. I IDENTIFIED PHARMA AT 3 NOW AT 35 A 10 TIMES RISE..NOT ENJOYED…

SIMILARLY FINDING AND  I ENJOYED 700% RISE IN KM SUGAR BOUGHT AT 1 AND 1.35, NO OTHE SUGAR STOCK GAVE SUCH PHENOMENAL RETURN. I DOUBLED MONEY IN RANA SUGARS.

I BOUGHT BIRLA ERICSSON AT 10-12, NOW AT 65 LEVELS, SUGGESTED ALL TELECOM OPTIC FIBRE CABLE COMPANIES, WHICH GAVE 300 TO 500% RISE, WITH SOME CLOSE FRIENDS, I EVEN FOUGHT FOR THEIR INVESTMENTS IN THESE STOCKS.

AS A MATTER OF FACT, THIS RALLY HAVE GIVEN LIFE TO MANY TINY STOCKS, DORMANT FOR YEARS. AT THE SAME TIME THERE ARE MANY STOCKS THAT ARE AT THE SAME PRICE OR EVEN LOWER THAN TWO YEARS AGO.

SO, JUST TURN AROUND STORY, LIKE ARVIND AT 44 FOUR YEARS AGO NOW AT 240, PARTICIPATED BUT NO GREAT WAITING….

……….

THE LESSON IS SO SIMPLE THAT FIND OUT…KEEP ON INVESTING……SIT TIGHT WITH OUT DISTURBING THE HOLDING AT LEAST FOR 5-10 TIMES RISE.

………

FOR DAY TRADING..ALWAYS LIVE IN THE CURRENT TREND.... 

Reliance did not sideline me: Raghav Bahl, EMOTIONAL SHARING & BEARINGS...!!!

Reliance did not sideline me: Raghav Bahl

Raghav Bahl responds to various allegations made by critics ever since Reliance took over TV18 group,

BS Reporter  |  New Delhi  

July 25, 2014 Last Updated at 10:15 IST

On July 7, Reliance Industries announced a new board for the Rs 2692-crore Network18, a media conglomerate it took management control of in May this year following a financial bailout in early 2012. On July 8, Business Standard carried a piece titled 'What Legacy Does Raghav Bahl Leave Behind?' on the man who founded Network18 and ran it for over two decades. While Bahl had initially declined to speak, he has now responded to the many issues raised in the article. Here is an edited version of Raghav Bahl's take on many of those issues.

On Haresh Chawla quitting because of the Reliance deal

One of the most enduring myths perpetrated in media reports is that "Haresh left because he did not agree with the terms of the Reliance deal". The fact is that Haresh decided to leave in the first half of 2011; it was a "natural end" to a long innings. He felt the need to move on, I agreed, and that was that. It was early in 2011. The Reliance deal was nowhere in the line of sight, so he simply could not have objected to it (Haresh would happily confirm this. I also have a full mail trail which will bear this out). We agreed that he will take six months to close things out and groom Sai (Kumar, who became group CEO later) as his successor.

On Network18's complicated corporate structure and "accounting ethics"

This is one more myth that just keeps on getting repeated without evidence. Here are the facts. Our structure was complicated, and I am the first person to publicly acknowledge it. But the reason for that was the convergence of two outrageous government rules which trapped us in a pincer.

One, between 2004 and 2009, the government was unable to define "how to calculate indirect foreign equity." I must have made dozens of representations to get that clarification from the ministry of information & broadcasting but got no answer. In fact, ministry officials told me that "since there is no clarity on this matter, we will not be able to give a news broadcast licence to TV18. So if you want to launch new channels, you will have to do that in unrelated entities." And that's the only reason why we were forced to keep Awaaz and CNN-IBN in separate entities. As soon as the government clarified the definition of "indirect foreign equity" in 2009 (yes, it took nearly six years!), we reorganised the various companies into a single balance sheet.

The second government rule that trapped us was the requirement for a "single Indian shareholder to control 51 per cent of a news company." I had no option but to device structures that ensured that I had 51 per cent control. It was not out of some weird desire to control 51 per cent but because the law mandated it.

On questionable accounting ethics 

This one is another crazy myth that is propagated. One magazine wrote a whole article picking up disclosures from our own balance sheets but portrayed those as some kind of scoop that it had unearthed. Everything was fully disclosed in our own balance sheets. Nothing was ever hidden. All our auditors were globally acclaimed companies. And here's one more fact: not once over the last 21 years have we faced even a stricture (forget about a formal charge or first information report or investigation) from any regulatory authority anywhere in the world - be it the Securities & Exchange Board of India, Reserve Bank of India, the Enforcement Directorate, or under the Foreign Exchange Management Act or whatever - not even a stricture! There are very few companies in India of this size and age which can claim something like that.

On why Reliance "sidelined" Bahl

On what basis can this assertion be made? Have I said that it has sidelined me? No. Has it said that it has sidelined me? No. So why is it so difficult to believe that I have voluntarily chosen this option; that I have, consciously and with my wits about me, decided that this exit was the best decision to take in everybody's interest? Let me explain this a bit more. In January 2012, when we announced our transaction with Reliance, it was completely, fully and transparently disclosed (as opposed to certain other media groups which do not disclose similar transactions). It was clear why I had taken the advances, what we would do with them, how all the voting rights were vesting in me, and how, finally, Reliance had the option to take control "at a moment's notice." Because I was clear in my head about three things.

One, the transaction had to be fully and transparently revealed. Two, I would stay only as long as I had unmitigated and total control over the group, which meant that I exercised the voting rights on 73 per cent of promoters' equity, without any dilution of control in any manner. To be fair to Mr (Mukesh) Ambani, he fully honoured that commitment. Over the last two years, I had complete and unfettered control. No Reliance person was on our board or in our management or would even enter our offices. Three, it was always clear to Mr Ambani and to me that as soon as Reliance exercised its rights to take voting control away from me, which it had the right to do at a "moment's notice," I would walk away and become a friend, philosopher and guide. There was no way that I would stay back as a "professional executive" with Mr Ambani. And again to be fair to him, he fully understood, appreciated and endorsed the fact that "once an entrepreneur, always an entrepreneur."

This was known to both of us. Which is why there is no acrimony or bitterness at all.

On Reliance being angry about (KG) gas and Arvind Kejriwal coverage 

As for the coverage of the Aam Aadmi Party (AAP), every newsroom in the country was passionately debating the pros and cons of this extraordinary phenomenon. Some of my own articles in FirstPost were fairly critical of several of the things AAP did during those six months - many others were vociferous supporters. I would often despair that the media, including ours, was transmitting AAP's allegations without putting them through a fact/truth check. This too would be contested by many of our editors, and I am sure the same thing was happening in every newsroom. Naturally, there were heated editorial debates, and we had our fair share of these - all very professional, normal and healthy. You only have to go through the archives of Network18 content, whether at FirstPost, CNN-IBN or IBN7, to see that every shade of opinion was carried and given a fair exposition. That should clearly establish our non-partisan credentials.

As for Reliance, it is a fact that it publicly denied AAP's charges via blogs and videos. It made its strong disagreement apparent to several media organisations, including Network18. That was all there was to this issue: nothing more, nothing less and nothing exceptional for Network18. Also, there have been some wild/unsubstantiated assertions about the use of abusive/intimidatory language by Mr Manoj Modi in a call to me. The person who makes this assertion does not wish to be identified, cannot produce a shred of written/oral/recorded/snooped evidence, yet the media plays this up as the gospel truth. So I hope you will allow me to say that all my conversations with Mr Modi have always been dignified and mature; as two adults, we may have disagreed on several issues, but the discourse was always civil, open and accommodating.

On how Reliance exercised "de facto" control over the last two years

This is another myth. Two "facts" are usually trotted out in support of this assertion. One, how some Forbes India editors were "sacked" at Reliance's instructions; but nothing could be farther from the truth here. And if you don't believe me, you simply have to ask senior editor R Jagannathan, who was in the thick of this fracas with the Forbes India editors. He will happily confirm that various decisions were taken by Sai, him and other senior people. Reliance was not even remotely in the picture. Two, 300 people were laid off at Reliance's insistence in 2013. Again, this is complete untruth. This restructuring, while unfortunate for those who were at the receiving end of it, was brilliantly conceived and executed by Sai/Ajay (Chacko, COO) along with (professional services firm) EY. It actually made the company truly healthy and fighting fit. Reliance was not even remotely in the picture. In fact, Reliance was justifiably unhappy with the fact that it had nothing to do with this stuff - it did not even have an inkling - but had to suffer the opprobrium and backlash in the media.

As for "editorial interference", I can truly say that we ran a fully empowered and independent ship. Ask somebody like Karan Thapar, who worked with me for over a decade - not once, not even once, did I ask him to change anything. Ask Rajdeep (Sardesai). Ask Senthil. Ask Sanjay Pugalia. Ask Ashutosh. Ask anybody!

http://www.business-standard.com/article/company/reliance-did-not-sideline-me-raghav-bahl-114072401670_1.html

FACE THE REALITY...BETTER PLAN NOW....!!!!!!!!!!!

Why the monsoon numbers hide reality

Because the ecology of various regions differs, it is silly to club them all under one countrywide average number

Nitin Sethi  |  New Delhi  

July 22, 2014 Last Updated at 08:10 IST

A whopping three-fourth of the country’s geographic area is right now facing a rainfall deficit severe enough to warrant crisis management. The Indian Meteorological Department’s data shows that 74% of India has so far recorded monsoon rainfall much below its normal levels.

Of the 36 rainfall divisions that the IMD divides the country in, 25 are reeling from rains much below what is considered normal for the region. As of yesterday 22 of the 25 have recorded rainfall dipping by more than 40% below the normal for the specific belts. 

Even by the lax Indian government definition, less than 20% rain means a meteorological drought (earlier it used to be triggered on official records by a 10% dip in rainfall).  

Yet the IMD figure of 31% country-wide area-weighted average figure for the entire monsoon season or a 15-16% deficiency in the last week’s rainfall country-wide area-weighted data is being deployed to suggest that the monsoon is not all that bad and its only getting better when one compares to the previous week.  

Let’s not get fooled by the averages. Farmers who depend upon monsoon to water their fields do not live by averages, they have to survive the extremes and the variation in the rains through the season. For a farmer, how the rain is spread over the monsoon period is critical. A dry sowing period followed by a huge downpour at a later stage of plant growth can be cataclysmic. For an analyst keeping sight of only the average rainfall it will only show a near ‘normal’ rosy picture of rain catching up finally. 

The pattern of rain that is most advantageous also differs from crop to crop, in fact, also from seed variety to seed variety. The availability of hardy short-duration varieties that shall survive low rainfall levels but give relatively lower productivity are a safer bet for a farmer in a bad monsoon. The farmer has a short time-gap and the increasing unpredictability of rainfall patterns to make these calls. This is where the government and the IMD reports are meant to come in handy. To have the right seed available and to have it in time is critical. To keep the fields ready to start sowing operations.

Northern Limit of Monsoon

 To understand the complexity of decision-making a farmer faces, one has to only read the regional Agromet advisories that the government puts out periodically. For any average city-dweller in India who only has to deal with the question of whether the city roads will be clogged with overflowing sewage or not, it can send the head spinning. 

 It is true, the monsoon is catching up in parts, the IMD raw-data shows. But, for a real picture of where it is and where it is not going to be enough, one only needs to survey the regional papers that reflect a more district-level variation of the hinterland.

 To reassert the point on getting lost in averages: normal monsoon in the evergreen ecological belts of Manipur, Mizoram, is 686.6 .4 mm for the season. For the drylands of Saurashtra, it is merely 213.1 mm for the same period. The ecology of the regions differs. Therefore, what the people grow and how they grow differs. It is silly, by any logic, mathematical interpretation or ecological sense, to club them all under one countrywide average number when reviewing how they shall fare through a year of climate and weather patterns. 

http://www.business-standard.com/article/economy-policy/why-the-monsoon-numbers-hide-reality-114072100869_1.html

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MY SERIOUS CONCERN IS ABOUT THE OPPORTUNITY TO MAKE MONEY IN THE CURRENT SCENARIO FROM STOCKS THAT CAN RARELY OFFER LITTLE HEAD ROOM DUE TO WORRISOME EXTERNAL FACTORS AND FAILURE OF MONSOON FOR NOW...

THE MARKETS ARE SHIFTING GEARS TO SAFE ZONES....IN FUTURE THE INVESTMENTS WILL GO TO GOLD & SILVER, FOR NOW PLS WAIT FOR SOME MONTHS, TILL OCTOBER. I THINK THE YEARLY LOW CUTS WILL BE THE ORDER OF PLAY IN THE STOCK MARKETS. THE TELECOM, IT, INSURANCE AND JEWELRY STOCKS CAN SEE SOME SUPPORT BUT REST OF THE UNIVERSE WILL DRIFT LIKE LAND SLIDES. .....A FREE FALL AND MAY WILL COME WITH EXCUSES AND SOME COME WITH LONGTERM STORY.

THE IMPACT OF NIFTY JOURNEY..EMOTIONAL BALANCE...!!

PHENOMENAL RISE&HIGHs but A Denial for NOW….

The Indian markets have performed stupendously, like a race against all ODDs and against all emerging markets. We are the best performing Indices YTD or for the quarter. The Rise is so phenomenal that no-body expected but few could CASH the opportunity. Now many new entrants are making inquiries and many more are looking as a decent opportunity to make HUGE money to meet their DREAMS.

The fact is that, since January-14, Nifty rose by 20%, Mid-Caps by 30% and Small caps by 55%, some Individual stocks rose by 400-700% from their LOWs. The hype generated now is due to change in the Government, a market friendly team at the top. But the fact is that No-body could SELL the National property via LIBERALIZATION for no reason, nor for a simple cause. The National growth based on immediate requirements and will be judged by prioritising/striking a right balance between “NECESSITY & COMMERCIALIZATION”. The Future is GOOD as huge investments will take place and the results will come in due course of time.

As far as the Stock Markets rise is concerned, a dead cheap stocks are at a historic low was one of the major reasons for FIIs relentless investments. The Global markets are also encouraging and FREE Supply/HIGH Liquidity is driving the markets for NOW. Very few are working on the REAL worth for the paper but relying on the PROJECTIONS. The Nifty is POISED for touching 9000+ as experts are working on the next 3-year EARNINGS and P/E that could safely take us above the above said number. I am not pessimistic but play a realistic role for valuing the Available Opportunity. The main reason for Nifty may seek SOUTHWARD JOURNEY because of looming DROUGHT, Poor Investments made by the CORPORATES in the Preceding/Previous 2-3 years, so NO earnings Surprise by the top companies.

So, the scenario is GLOOM in the Short-term, however the POLICY push can give some bounce but for the next ONE year will be very challenging. The Nifty stocks are moving up but the UN-Winding is a concern. The rise from here may not be that much sharp or serious, from here 2-Ups and 4-5 Downs. Because the FUTURE is promising, on any DEEP cut/ steep fall BULLs take charge to make a comeback to take away the Retail Investors most of the STOP-LOSSES.

THE BLOOM and GLOOM story…..THE MOMENTUM IS HIGH….

THE NIFTY MAY TOUCH 8785-8850 RANGE; BUT VERY LIKELY, IN THE SHORT-TERM LOW MAY  TOUCH 7000, NO SURPRISE EVEN IF IT TOUCHES 6600-6400 RANGE

THE BANK-NIFTY MAY TOUCH 20100-22000 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 12500-800, NO SURPRISE EVEN IF IT TOUCHES 10100-10300 RANGE

THE RELIANCE MAY TOUCH 1450-1550 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 801-811, NO SURPRISE EVEN IF IT TOUCHES 759-736 RANGE

THE ONGC MAY TOUCH 620-650 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 311-321, NO SURPRISE EVEN IF IT TOUCHES 270 RANGE

THE SBI MAY TOUCH 3850-3950 RANGE, IN THE SHORT-TERM LOW MAY  TOUCH 1920-1950, NO SURPRISE EVEN IF IT TOUCHES 1450-1430 RANGE

THE ICICI MAY TOUCH 2130-2080 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 1180-1220, NO SURPRISE EVEN IF IT TOUCHES 970-950 RANGE

THE RELCAPITAL MAY TOUCH 950-1050 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 440-415, NO SURPRISE EVEN IF IT TOUCHES 330 RANGE

THE RELINFRA MAY TOUCH 1080-1150 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 520-540, NO SURPRISE EVEN IF IT TOUCHES 440 RANGE

WE CAN EXTEND AND READ MORE NUMBERS… BUT THE DENIAL IS RIDING HIGH EVEN IN MY MIND…

PLS DON’T BUY NOW UNTIL NIFTY TOUCHES 7250-80 RANGE, BUT THE ACTUAL BUYING IN QUALITY STOCKS SHALL EMERGE FROM 7000 ONLY. THOSE WHO ARE COMPULSIVE, SHALL TAKE A STOPLOSS ROUTE RATHER THAN HOLDING FOR LONGER…THW WAIT MAY BE 3 YEARS…!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

CSR RULES..Section 135 and Schedule VII

Govt notifies rules for 2 pct mandatory CSR spending from profits
PTI | New Delhi | Updated: Feb 27 2014, 19:04 IST

Much awaited rules for the new 'corporate social responsibility' regime were notified today, under which companies with sizable businesses would need to spend minimum 2 per cent of net profit for benefit of society.
Listing out the permitted CSR activities, the government said that they need to be undertaken as per approval of the company's board in accordance with its CSR Policy and the decision of its CSR Committee.
The CSR rules will take effect from April 1, as part of the new Companies Act. They will apply to the companies with at least Rs 5 crore net profit, or Rs 1,000 crore turnover or Rs 500 crore net worth.
Such companies will need to spend 2 per cent of their three-year average annual net profit on CSR activities in each financial year, beginning the next fiscal, 2014-15.
For the purpose of deciding the CSR spending eligibility of a company, profit from overseas branches and dividend received from other companies in India will be excluded from the net profit criteria.
Besides, contributions made "directly or indirectly" to any political party have been excluded from CSR ambit.
The CSR policy of a company should also specify that "surplus arising out of the CSR projects or programmes or activities shall not form part of the business profit of a company".
A company can also carry out CSR works through a registered trust or society or a separate company.
As per the rules, a company may also collaborate with other companies for CSR activities, provided they have to separately report about spending on such projects programmes.
"The CSR activities shall be undertaken by the company, as per its stated CSR policy, as projects or programmes or activities (either new or ongoing), excluding activities undertaken in pursuance of its normal course of business", as per the notification by the Corporate Affairs Ministry.
In an official release, Corporate Affairs Minister Sachin Pilot said the rules have been finalised after extensive consultations with all stakeholders.
"The rules provide for the manner in which CSR Committee shall formulate and monitor the CSR Policy, manner of undertaking CSR activities, role of the board of directors therein and format of disclosure of such activities in the board's report," Pilot said.
A wide range of activities including livelihood enhancement projects and steps for the benefit of armed forces veterans have been brought under the CSR ambit.
When it comes to having manpower for CSR works, the government has said that companies can spend only up to 5 per cent of total CSR expenditure for them in a single financial year. This would be applicable for own personnel as well as those of their implementing agencies.
To ensure transparency, companies carrying out CSR activities have to display works on their respective websites.
Among other activities, livelihood enhancement and rural development projects, promoting preventive health care and sanitation as well as making safe drinking water available would be considered as CSR activities.
Working towards protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art, setting up public libraries, promotion and development of traditional arts and handicrafts would also come under CSR ambit.
Various activities aimed at reducing inequalities faced by socially and economically backward groups have been included.
Measures for the benefit of armed forces veterans, war widows and their dependents, setting up homes and hostels for women and orphans, setting up of old age homes, day care centres and such other facilities for senior citizens would be considered as CSR work.
Other CSR activities would be ensuring ecological balance, protection of flora and fauna, animal welfare, agro- forestry, conservation of natural resources and maintaining quality of soil, air and water.
Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports, contributions or funds provided to technology incubators located within academic institutions which are approved by the central government would also be CSR.
Providing clarity on CSR spending, the government has said that it would include "all expenditure including contribution to corpus, or on projects or programmes related to CSR activities approved by the board on the recommendation of its CSR committee".
However, it would exclude any expenditure on an item that is not in conformity with activities that fall within the purview of Schedule VII of the Companies Act, 2013. CSR comes under this Schedule.
The Corporate Affairs Ministry had also approached the Finance Ministry for tax benefits on CSR spending by companies. However, the exact status of the proposal could not be immediately ascertained.
Consultancy KPMG in India's Technical Director (Sustainability) Santhosh Jayaram said the CSR rules have answered many questions the companies had.
"The time taken for release of the rules is justified by the clarity the rules have brought out in comparison to the draft rules... The rule clearly raises the governance of CSR and brings in more transparency," he said in a statement.
Clarification of applicability to foreign companies and the clarity on what qualifies CSR expenditure are among the highlights, he added.
The CSR activities will have to be within India, and the new rules will also apply to foreign companies registered here. However, funds given to political parties and the money spent for the benefit of the company's own employees (and their families) will not count as CSR.
Notifications have been issued for Section 135 and Schedule VII of the Companies Act, 2013 that relate to CSR spending by companies.

http://www.financialexpress.com/news/govt-notifies-rules-for-2-pct-mandatory-csr-spending-from-profits/1229956/0