Ethical journalism is a bad word at CNBC-TV18

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?

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8 Responses to “Ethical journalism is a bad word at CNBC-TV18”

  1. erram Says:

    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….?

  2. Mohan Says:

    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.

  3. Andy Says:

    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 !

  4. Mayazhi Lampard Says:

    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

  5. nishu Says:

    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.

  6. Prasad Says:

    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.

  7. Mayur Says:

    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

  8. Doddi Buddi Says:

    Peacock.

    You are a comic genius!
    There is no Reliance in your list? :)

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