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R.Ranganathan M.Sc., [ MBA - IIMA] Just some blunt, forthright views on some subjects / outfits |
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written in 2006: No major change
in contents thereafter
| A Business Portal should be strong on facts and analysis. | |
| The reporting by CNBC
- TV 18 and ND Profit, after the May 2006 Market Crash, was awfully
inadequate in content, analysis, research, balance in presentation and
in approach.
The presentations continue to lack depth, balance and serious / meaningful analysis for the benefit of the viewers - This view of 2006, has only got reinforced and strengthened as of July 2007 These 2 business channels are like any other news channel. I do wish that they improve |
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| One shocking Example: Sheer Negligence or carelessness or total irresponsiblity | |
| London
Metal Exchange / LME deals with non ferrous metals. It
has nothing to do with 'Ferrous' which means Iron / Steel.
The over emphasis by the Channels and the Print Media that LME Metal crash was a catalyst for metal shares in Indian share market is a monumental case of irresponsiblity Linking 2 unrelated things and confusing / scarring the public was and continues to the irresponsible act of the Media to this day. The different metals have different usage pattern and prices. Clubbing them all together and making a hoarse, desperate cry was unwarranted. Imagine the chaos, if the price of Mercury, a metal, goes down and these TV channels continue with their reporting standard in 2008 as they did in 2006 ? |
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Advertisement panels on site: I do not endorse any other commercial skin / hair product as I do not even retail my own invention, Swapna, in this site. Effective 28th July 2008, I have gradually released this site to Google to place their advertisements panels. This is to generate some revenue - if they do not clash with my views. These mechanically placed advertisements can be reviewed only after September 5, 2008 |
| Misreporting / improper verification | |
| Foreign Institutional
Investments alias FIIs: - NOT WITHDRAWING FROM THE
MARKET
On 3rd June, 2006, NDTV Profit reported that Foreign Institutional withdrawals is a cause for the downfall, continuing volatility and the subdued market response despite favourable factors like GDP growth They had withdrawn just 8000 out of 150000 crores investment - hardly 5%. The monthly investment figures for FIIs and Mutual Funds after October 2005 will show that on the whole, FIIs have been bigger investors compared to MFs except in May 2006 Making mountain of a mole hill ! |
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| Expert Views - or self serving trashes | |
| MARK MOBIUS
On 12th May, 2006, both the Channels reported that in Mark Mobius view, if the market undergoes 20% correction, the stock prices would become attractive for FIIs / more FIIs. As of 2nd June 2006, the Market has undergone almost 25% correction in terms of prices many liquid stocks. Sensex has dropped to almost 10000. Where are the FII inflows ? So even this comment of Mobius is way out of the mark. And the channels vie with one another to dish out such trashes. Never believe a word of these so called Experts: question / review the judgement and dependability of channels that rush to blare such nonsense without any review whatsoever Mark Mobius admission in a Newspaper or a channel in November 2006 - Indian shares are fairly priced today when the sensex is 12900, because of the growth factor |
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| POOR RESEARCH & ANALYSIS - Nomura | |
| The TV channels reported
on Wednesday or Thursday, 1-6-2006, that Sensex Valuations should
be around 7000, as per Nomura. The channels blare this discovery as if
they are 'bringing world wide opinions' to the public
Why Nomura stayed in India after Sensex crossed 7000, how opportunistic were they if they stayed on, and the methods / products for such 'sudden brainwaves' are neither asked nor answered. Isn't that basic, if the viewers also have to take them as 'experts' like the Channels did and continue to do ! Nomura continue with India when the sensex crossed 13000 in November 2006. It indicates short sightedness and poor analysis of the fundamentals by the Television and the Print Media |
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| Irresponsible Reporting | |
| CNBC and ND Profit TV
channels never clearly mentioned the percentage of Japanese Funds in the
total
FII Investment of 150000.
As per a chart shown in ND Profit, 3500 Crores of Japanese Funds have gone out. As per moneycontrol.com, on 4-6-2006, the withdrawal may be between 200 to 300 Million Dollars. That is, at best, about 1400 Crores. This is less than 2% of total FII Investment. Both the business channels reported that the Japanese withdrawals impacted the marketSuch a small percentage can hardly have any major impact. It is not balanced and responsible reporting |
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| Currency for CNBC | |
| In
CNBC 18, the figures are more often mention in American Dollars - what
do they want to prove ? Are they reporting for the Indian Public or for
persons in America, Russia and Greenland ?
They continue with this 'catching up with the Jones, self imagined, high level of reporting' as of July 2007 also. |
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| OVERLOOKED and INCONVENIENT but a very Relevant and ESTABLISHED FACT | |
| Mukesh Ambani / Reliance
Petroleum Limited got 140000 Crores from the Indian Public.
One Company can raise the amount, roughly equal to the total FII investment of over 400 companies, from the INDIAN PUBLIC IS A REMARKABLE FEAT Does it not indicate 'the willingness of the public to invest and the money that can be garnered by the right company' ? One can say it is a speculative investment. Let us grant that. But the basic point is, one has to invest in Shares for higher returns than Bank Interest - you cannot get that without taking any risk |
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R.Ranganathan
20:12 04-Jun-06
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