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For almost three decades, DS Kulkarni Developers Limited (DSKDL) was the byword for ethical business practices. This image was, in part, due to the persuasive motivational talks and videos of Deepak S Kulkarni, its promoter, which highlighted his rags-to-riches story and work ethic. When the going was good, people were happy to believe him, especially people from Pune, who have deposited large sums of their savings in his ‘fixed deposit (FD) schemes’. After all, the evidence of his success was visible in the group’s sprawling expansion into hospitality, power, education, automobile dealerships (Toyota has recently terminated its dealership with DSK) and even a professional football team. Media reports describe DSK as a Rs1,500-crore group with a land bank of thousands of acres.    This glowing entrepreneurial story started faltering sometime in 2016, when the seemingly impossible happened and interest cheques of the DSK group companies (collectively referred to as DS...

Must read this honest confession of a value Investor for LONG TERM : ------------------------------ ------------- " I retired from my 35 years Services in 2006 and received Rs. 60 Lakhs from my Company towards consolidated Retirement benefits. That was the time when I came in contact with a Leading Share broker and Investment Advisor . Influenced by his LONG TERM VALUE INVESTING THEORY IN GREAT STOCKS   OF EQUITY MARKETS ,then sit tight , forget the investments for a few years  -  to SEE THE REAL GROWTH ,  I made a " S.I.P. type "  buying in the Shares of  following BLUE CHIP Companies,  investing  Rs.10  Lakhs in EACH Stock as and when recommended..(total savings  INVESTED  Rs.80 Lakhs). 1. Year 2007 :  RELIANCE COMMUNICATIONS @ Rs.730.00 a share. "Reason "given: Largest investor/  fastest growing in the Telecom Sector. 2. Year 2008 : VIDEOCON @ Rs. 755.00 a Share. "Reason": Largest Player...

30 Unfortunate Truths About Investing 1. The gulf between a great company and a great investment can be extraordinary. 2. Markets go through at least one big pullback every year, and one massive pullback every decade. Get used to it. It's just what they do. 3. There is virtually no accountability in the financial pundit arena. People who have been wrong about everything for years still draw crowds. 4. There are tens of thousands of professional money managers. Statistically, a handful of them have been successful by pure chance. 5. On that note, some investors who we call "legendary" have barely, if at all, beaten an index fund over their careers. On Wall Street, big wealth isn't indicative of big returns. 6. During Recessions, Elections, and Federal Reserve Policy Meetings, people become unshakably certain about things they know nothing about. 7. The more comfortable an investment feels, the more likely you are to be slaughtered. 8...

*50 Financial Mistakes and Illusions* ( Which ones are you guilty of ?) 1. Just can’t manage to fit our Expenses within our Income. And, even when the income increases, the expenses invariably rise much faster. 2. Generosity is in our blood. We happily pay 30-50% p.a. as interest charges to the Credit Card companies. 3. We respect our culture and old customs. We keep our money in the OUTDATED Bank Fixed Deposits. 4. Another example of respect for our tradition… creating a huge pile of (useless) gold jewellery. 5. Yet another example of holding our customs in high esteem… feeling proud if we can leave behind a "20-25 year old dilapidated property" for our children as a legacy [and not a "20-25 year old equity mutual fund portfolio"]. 6. Spent more than half a lakh of rupees on a top-end smartphone — just to show off (even though we will not use even one tenth of its smart features). 7. Replaced the same top-end smartphone in just 6 mon...

*Regulatory Action, Geopolitical Tension Spooks Market!!* *ABML: CNX Weekly Techno-Derivatives Snapshot (14/08/2017 – 18/08/2017):* *Dear Friends,* *Following is the Analysis on Several Indices including Nifty, Bank Nifty, Major Sectorial indices, All F&O Stocks, Small Cap & Mid Cap along with VIX & USDINR and Derivatives Outlook in addition to Global Markets outlook including Crude.* *Indian Markets have witnessed a significant 4% cut post cascading effect due to SEBI crackdown on “Shell Companies”, stand-off in Doklham area between India & China & escalation of Geo-Political tensions between US & North Korea.* *Sectorially*, Realty Sector witnessed highest cut to the tune of 9.8%, followed by Pharma (-8%) & Auto, Power & Capital Goods ending with cuts between 5-6% apiece. Banking, FMCG, Oil & Gas and Metals too ended 3-4% negative for the week. *Geo-Political tensions between US & North Korea has escalated post inten...

[JKumar Infraprojects, Prakash Industries, Parsvnath Developers have filed with SAT petitions against Sebi order naming them suspected shell companies] Three companies—J Kumar Infraprojects Ltd, Prakash Industries Ltd and Parsvnath Developers Ltd—on Wednesday approached the Securities Appellate Tribunal (SAT) against their inclusion in a list of 331 suspected shell firms against which the market regulator sought action by stock exchanges. Markets regulator Securities and Exchange Board of India ( Sebi) has directed stock exchanges on August 7, 2017 to take action against 331 suspected shell companies that are listed on the bourses. As part of efforts to curb black money menace, Sebi has said these scrips would not be available for trading this month. These stocks stopped trading on the bourses from Tuesday. Shell companies are dubious entities that are generally used for laundering illegal funds. However, the term ‘shell company’ is not defined under the Companies Act.  Accor...