The business television channel CNBC-TV18 has a line-up of technical analysts who look at the charts and offer "advice" to viewers, investors, traders on whether to buy, sell or hold.
A guy called Mathew Easow from Calcutta is one of the sages. And guess what? Mr Easow, is one of those who has been directed by SEBI to "cease and desist" from recommending any investment in the public media which amounts to violation of a key regulation embodied in SEBI (prohibition of fraudulent and unfair trade practices relations to securities market) Regulations, 2003.
Reason? According to the May 22 issue of Sucheta Dalal's new personal finance magazine Money Life, Easow, chairman of Mathew Easow Research Securities Ltd., was guilty of advising investors to buy stocks which his associate companies were selling on the side!
"This indicates an obvious attempt to mislead the investors through investment recommendations, in a striking posture of ambivalence coupled with interest," the SEBI order said.
But clearly, Raghav Behl's CNBC-TV18 has not heard of the SEBI order or has no intention of complying with it. Easow was one of the Three Wise Men who was analysing the markets before they opened this morning. And Easow was one of the experts who were holding forth on Friday evening on 'Your Stocks with Udayan Mukherjee'.
Ethics, schethics anybody?
22 May 2006 at 12:23 pm
As I write this at 12:22p.m.,It’s mayhem and blood bath at the Market.It’s down 1112 and god knows where it’s heading…Who could be behind this one….?
22 May 2006 at 12:27 pm
CNBC and ethics? Surely you jest, Mr. Prasad! But they are not alone. NDTV, CNN-IBN, Times of India, India Today… names, faces and forms are different, but they are all in the same boat – one bunch of unethical, greedy, moneymongers. Give me back my 9 o’clock DD news – it wasn’t “exciting”, they didn’t have any breaking news back then, but we could atleast trust what we heard to a large extent.
22 May 2006 at 1:19 pm
This is shocking ! The TV channels are known to do anything for sound bites..but this sort of stuff is serious. I have written a stinker to IBN asking for clarification..lets see if they will care to revert.
Thanks for the alert !
22 May 2006 at 3:47 pm
What has IBN to do with this??? I agree IBN and CNBC-TV18 are part of the same group… but that doesn’t mean that what nonsense happens in CNBC has got to have a direct relation with IBN
22 May 2006 at 8:56 pm
CNBC Tv 18 is not the only channel hat ought to be picked by us to criticise. That trading happens in every channel and for that matter every newspaper.
The other day I was shocked to hear that people pay TOI to write an article on themselves published. Though the instances are not directly related, it is equally unethical.
23 May 2006 at 2:53 am
Webster says the word ethical means conforming to accepted professional standards of conduct.
Tongue in cheek, I would like to ask whether it refers to acceptable standards of ‘good’ conduct or ‘bad’ conduct.
11 May 2009 at 8:21 pm
This country is a sham.If every company was investigated without pressure or compromise…the bse sensex will be down to 5000.Make hay while sun shines…and as a supreme court judge remarked a few months ago…and i quote…”even if god came down to help india,he would put up his hands and give up”.
The biggest joke is FII investment.Black money through Mauritius and cyprus and singapore.Wow.The biggest sham is icici bank.Owned by Temasek holdings.Seems legitimate but its not.Its just black money routed through singapore govt.which is a dictatorship and has been pulled up by G20 countries for being one of the sinks for black money of this world.
Here is the list of the companies having an arrangement with Times of india for publishing favourable articles in economic times and times of india
Access Atlantech
ACE
Adrenalin Esystems
Aegon Insurance
Aerens Goldsouk
Affle India
Air Deccan
Airex
Alchemy
Allied Digital
Amity
Amrapali
Apollo Hospitals
Archies Limited
Asia Cryocell
Asipac Projects
Assotech
Avestha Gengraine
Bajaj Hindusthan
Bartronics
Bath Concept
Bhagyanagar
Bhavika Collections
Birla Power
BSE
Career Forum
Celebrity Fashions
Collage Group
Confident Group
Cosmo Aviation
Cream Bell
CRI
Cybele
Dixon Technologies
DSE
E-Yantra
Easy Bill
Emaar
Flawless Diamond
General Motors
Gitanjali
GTL
Hakoba
Hanung Toys
HDIL
Holiday IQ
ICRI
IIHT
India Infoline
Indiamart
Indian School of Business
Indus League
IOL Broadband
JC Biguine
JHS Svendgaard
Karaturi
Khadim
Kinetic
KLJ Town Planners
Kuoni
Liberty Whiteware
Lodha
Lok Housing and Constructions
Loyalty Solutions
LT Overseas
LVMH
MCX
Media Video
Meriton
Micro Technology
Mindlogicx
Niknish
Omaxe
Osian
Pacific Clothing
Pampaered Home
Pantaloon
Paramount Airways
Percept Pictures
Piramyd
Pyramid Saimira
Premier Tissues
Provogue
Pushpanjali
Raja Rani
Rajesh Exports
Refex Refrigerants
Richfeel Health
Runwal
Sahara One
Satnav Technologies
Seed Infotech
Shree Ganesh
Shweta Buildwell
Sleep-Ins
Sobha Developers
Spice Mobiles
SQL Star
SR Foils
Sujana Group
Sumeet Industries
Supertech
Teledata
The Home Store
Thyrocare
Timbor
Today’s Writing
Travelguru
Travel Tours/Travel Air
Travelmasti
Unibic
Unitek Power
Uptec Computers
Videocon
Vishal Retail
Wockhardt
Worldphone
You Broadband
Zak Trade Fairs
Zicom
12 May 2009 at 9:31 am
Peacock.
You are a comic genius!
There is no Reliance in your list? :)