“Unitech took a chance by going in for a QIP, when conditions were still uncertain. Since then, a lot of companies have found QIP to be the flavour of the season,” said Jagannadham Thunuguntla.
India E News September 9, 2009 Prospects Bright For Qualified Institutional P...Jagannadham Thunuguntla
“Unitech took a chance by going in for a QIP, when conditions were still uncertain. Since then, a lot of companies have found QIP to be the flavour of the season,” said Jagannadham Thunuguntla.
The budget disappointed market expectations. It did not reduce taxes or remove anomalies as hoped. Specifically, it increased the dividend tax rate and education cess. It also increased taxes on money market mutual funds. The budget discussion introduced the concept of allowing short selling of stocks with certain conditions, but changes to tax laws are still needed to implement this. It also proposed self-regulatory organizations for different sectors to take over some routine regulatory functions, but agencies may be reluctant to give up powers. Volatility initially fell sharply due to the budget but later recovered as the implications were better understood.
The document presents an overview of the Boston Consulting Group (BCG) Matrix. It describes how the BCG Matrix classifies businesses based on their relative market share and market growth rate into four categories: Stars, Cash Cows, Question Marks, and Dogs. It then outlines the characteristics of each category and discusses how companies can use the BCG Matrix to assess their product portfolios, allocate resources, and make investment and divestment decisions. The document also notes some benefits and limitations of the BCG Matrix methodology.
The Boston Consulting Group (BCG) Matrix is a portfolio planning model that classifies businesses based on their relative market share and market growth rate. It sorts businesses into four categories: Stars, Cash Cows, Question Marks, and Dogs. Stars are high share in high growth markets, while Cash Cows are high share in low growth markets. Question Marks have low share but are in high growth markets, while Dogs have low share and are in low growth markets. The BCG Matrix helps assess a company's products and allocate resources efficiently to maximize growth and profits.
The document discusses the Boston Consulting Group (BCG) Matrix, which was developed in the 1970s. The BCG Matrix classifies businesses based on their relative market share and market growth rate. Businesses fall into one of four categories: stars, cash cows, question marks, and dogs. Stars have high market share in high growth markets and require investment. Cash cows have high market share in low growth markets and generate cash. Question marks have low market share in high growth markets and require investment. Dogs have low market share in low growth markets and do not generate much cash. The BCG Matrix can be used to assess businesses, allocate resources, and make divestment decisions.
The document discusses the IDFC Large Cap Fund, which aims to generate steady returns by investing predominantly in large cap stocks across leading sectors. It experienced sharp downgrades in FY21 earnings due to the pandemic lockdown, but saw a strong recovery in Q2. The fund has a quality and growth oriented strategy, focusing on companies with strong earnings visibility and return on capital. Its top holdings are in banks, software, consumer non-durables, finance, petroleum products, and telecom services.
El documento describe las características fundamentales del cerebro humano. Explica que el cerebro es un órgano pequeño pero extremadamente poderoso que contiene aproximadamente 100 mil millones de células nerviosas. También describe que el cerebro está dividido en tres secciones principales - el tallo cerebral, el cerebro mamífero antiguo y la corteza cerebral - cada una responsable de diferentes funciones fisiológicas y psicológicas. Además, explica que el cerebro puede aprender y cambiar a lo largo de toda la vida a través de
India E News September 9, 2009 Prospects Bright For Qualified Institutional P...Jagannadham Thunuguntla
“Unitech took a chance by going in for a QIP, when conditions were still uncertain. Since then, a lot of companies have found QIP to be the flavour of the season,” said Jagannadham Thunuguntla.
The budget disappointed market expectations. It did not reduce taxes or remove anomalies as hoped. Specifically, it increased the dividend tax rate and education cess. It also increased taxes on money market mutual funds. The budget discussion introduced the concept of allowing short selling of stocks with certain conditions, but changes to tax laws are still needed to implement this. It also proposed self-regulatory organizations for different sectors to take over some routine regulatory functions, but agencies may be reluctant to give up powers. Volatility initially fell sharply due to the budget but later recovered as the implications were better understood.
The document presents an overview of the Boston Consulting Group (BCG) Matrix. It describes how the BCG Matrix classifies businesses based on their relative market share and market growth rate into four categories: Stars, Cash Cows, Question Marks, and Dogs. It then outlines the characteristics of each category and discusses how companies can use the BCG Matrix to assess their product portfolios, allocate resources, and make investment and divestment decisions. The document also notes some benefits and limitations of the BCG Matrix methodology.
The Boston Consulting Group (BCG) Matrix is a portfolio planning model that classifies businesses based on their relative market share and market growth rate. It sorts businesses into four categories: Stars, Cash Cows, Question Marks, and Dogs. Stars are high share in high growth markets, while Cash Cows are high share in low growth markets. Question Marks have low share but are in high growth markets, while Dogs have low share and are in low growth markets. The BCG Matrix helps assess a company's products and allocate resources efficiently to maximize growth and profits.
The document discusses the Boston Consulting Group (BCG) Matrix, which was developed in the 1970s. The BCG Matrix classifies businesses based on their relative market share and market growth rate. Businesses fall into one of four categories: stars, cash cows, question marks, and dogs. Stars have high market share in high growth markets and require investment. Cash cows have high market share in low growth markets and generate cash. Question marks have low market share in high growth markets and require investment. Dogs have low market share in low growth markets and do not generate much cash. The BCG Matrix can be used to assess businesses, allocate resources, and make divestment decisions.
The document discusses the IDFC Large Cap Fund, which aims to generate steady returns by investing predominantly in large cap stocks across leading sectors. It experienced sharp downgrades in FY21 earnings due to the pandemic lockdown, but saw a strong recovery in Q2. The fund has a quality and growth oriented strategy, focusing on companies with strong earnings visibility and return on capital. Its top holdings are in banks, software, consumer non-durables, finance, petroleum products, and telecom services.
El documento describe las características fundamentales del cerebro humano. Explica que el cerebro es un órgano pequeño pero extremadamente poderoso que contiene aproximadamente 100 mil millones de células nerviosas. También describe que el cerebro está dividido en tres secciones principales - el tallo cerebral, el cerebro mamífero antiguo y la corteza cerebral - cada una responsable de diferentes funciones fisiológicas y psicológicas. Además, explica que el cerebro puede aprender y cambiar a lo largo de toda la vida a través de
El documento presenta las funciones de un robot, incluyendo reproducir sonido, usar la pantalla, avanzar, retroceder y acelerar. Los estudiantes Sebastián Salamanca y Julián Castiblanco del curso 905 describen cómo el robot saludará, aprenderá a usar la pantalla, avanzará, avanzará y retrocederá, y acelerará desde una velocidad lenta.
Joseph Yudasz completed an internship at the Robot Logistics Support Center (RLSC) where he supported various robotics projects. His responsibilities included developing decontamination procedures for military robots, participating in project meetings, developing robot training documentation, and upgrading robots. He gained valuable experience interacting with robot manufacturers and the military to support their robotics needs.
Sistema de identificación inalámbrica para automotoresDiego Eslava
Este documento presenta el proyecto de diseño de un sistema de identificación inalámbrica para automotores. Inicialmente, se describe el problema actual con los sistemas de seguimiento de llantas y los requerimientos del cliente. Luego, se presenta la propuesta de diseño de un sistema RFID para la identificación y seguimiento de llantas para la empresa Guerreros González S.A. Finalmente, se realiza una reestructuración del proyecto enfocándose en el desarrollo de un sistema portátil de envío de datos mediante tecnolog
OWASP Germany 2010 - Side Channel Vulnerabilities on the Web - Detection and ...sebastianschinzel
Die sichere Entwicklung von Web-Anwendungen ist mittlerweile erschöpfend dokumentiert und es gibt eine Vielzahl von freien Entwicklungsbibliotheken für praktisch jede Sicherheitsfunktionalität. Daher gibt es für Entwickler keine plausiblen Ausreden mehr dafür, Web-Anwendungen mit kritischen Sicherheitsschwachstellen zu entwickeln. Sicherlich gibt es nach wie vor viel zu viele anfällige Web-Anwendungen. Eine zunehmende Zahl von Web-Anwendungen hält Sicherheitsprüfungen jedoch stand und sind somit nicht trivial kompromittierter. Sind die Daten hinter einer Web-Anwendung ohne die gängigen Web-Schwachstellen, z.B. aus der OWASP Top 10, aber wirklich absolut sicher?
Hier kommen Seitenkanalanalysen ins Spiel, die bereits im Bereich der Kryptoanalyse gut erforscht sind. Dabei misst der Angreifer bestimmte Merkmale seines Ziels, die mit bloßem Auge nicht erkennbar sind. Merkmale können z.B. kleine Unterschiede in der Antwortszeit der Web-Anwendung sein, oder auch versteckte Änderungen im Inhalt der Antwort. Korreliert ein Merkmal mit den Daten im Backend, so kann der Angreifer anhand der Merkmale auf die Daten im Backend schließen. Diese Art der Angriffe im Web sind seit einigen Jahren wissenschaftlich dokumentiert, jedoch in der Entwicklergemeinde noch nahezu unbekannt.
O documento descreve o robô XT5 SIBRAPE para limpeza de piscinas residenciais de até 10m. Ele esfrega, escova e aspira o chão, paredes e linha d'água, economizando energia e reduzindo o uso de produtos químicos. O robô é resistente, inteligente, com filtro fino e cabo giratório de 18m, limpando a piscina em 3 horas.
Este documento describe diferentes tipos de sensores que pueden usarse en robots, incluyendo sensores táctiles, acústicos, fotosensibles y ultrasónicos. Los sensores táctiles detectan la presión, los acústicos miden el nivel de decibeles de los sonidos, los fotosensibles distinguen entre luz y oscuridad, y los ultrasónicos miden la distancia a objetos.
Für freie Journalisten wird es immer wichtiger: unternehmerisch zu handeln. Diese Folien zu meinem Seminar an der Akademie für Publizistik zeigen, welche Geschäftsmodelle im Web möglich sind.
El documento presenta una introducción a la energía nuclear, describiendo que se trata de la energía liberada en reacciones nucleares y cómo se utiliza para generar energía eléctrica en centrales nucleares. Luego menciona algunas centrales nucleares en España como Santa María de Garoña, Ascó I y Almaraz I. Finalmente resume las ventajas e inconvenientes de la energía nuclear, señalando que reduce emisiones pero genera residuos radiactivos de difícil gestión a largo plazo.
La pandemia de COVID-19 ha tenido un impacto significativo en la economía mundial. Muchos países experimentaron fuertes caídas en el PIB y aumentos en el desempleo debido a los cierres generalizados y las restricciones a los viajes. Aunque las vacunas han permitido la reapertura de muchas economías, los efectos a largo plazo de la pandemia en sectores como el turismo y los viajes aún no están claros.
La teoría de sistemas surgió de los trabajos de Ludwig von Bertalanffy en la década de 1950. Se basa en tres premisas: los sistemas existen dentro de otros sistemas más grandes, son abiertos e intercambian materia con su entorno, y sus funciones dependen de su estructura. Las organizaciones pueden verse como sistemas sociales abiertos que mantienen su actividad a través de la renovación constante de energía de su entorno.
The QIP pipeline for 2010 is also appearing quite strong, with atleast 54 companies are waiting with the valid shareholders' approval in hand, aggregating to an amount of about Rs 42,942 crore", says Jagannadham Thunuguntla
“There is little likelihood of these getting converted for the reason that all these warrants are out-of-money or the current share price in all these cases is at a discount of between 17% and 77% to the exercise price,” said Jagannadham Thunuguntla, head of equity at SMC Capital.
India Pe Dec 30, 2008 More Buyout Deals Likely In A Slowing Pe MarketJagannadham Thunuguntla
Each of the 2008 deals had a different rationale, notes Jagannadham Thunuguntla, head of equity at Nexgen, citing the example of Dawnay Day AV, which sold out fully to New Silk Route Advisors for $50 million.
“The banking and financial services firm could not survive (as) 2008 was a bad year to be in financial services. Under such circumstances, the promoters had to sell out,” he notes.
The document discusses an enterprise valuation exercise of Corporation Bank by a team of analysts. It identifies comparable public sector banks - Oriental Bank of Commerce, Allahabad Bank and Syndicate Bank. Various valuation methods are applied including EBITDA multiple, PE multiple and discounted dividend method. Sensitivity analysis is performed by varying growth rates and other assumptions. The concluded enterprise value of Corporation Bank from the analyses is very near to its current market value.
El documento presenta las funciones de un robot, incluyendo reproducir sonido, usar la pantalla, avanzar, retroceder y acelerar. Los estudiantes Sebastián Salamanca y Julián Castiblanco del curso 905 describen cómo el robot saludará, aprenderá a usar la pantalla, avanzará, avanzará y retrocederá, y acelerará desde una velocidad lenta.
Joseph Yudasz completed an internship at the Robot Logistics Support Center (RLSC) where he supported various robotics projects. His responsibilities included developing decontamination procedures for military robots, participating in project meetings, developing robot training documentation, and upgrading robots. He gained valuable experience interacting with robot manufacturers and the military to support their robotics needs.
Sistema de identificación inalámbrica para automotoresDiego Eslava
Este documento presenta el proyecto de diseño de un sistema de identificación inalámbrica para automotores. Inicialmente, se describe el problema actual con los sistemas de seguimiento de llantas y los requerimientos del cliente. Luego, se presenta la propuesta de diseño de un sistema RFID para la identificación y seguimiento de llantas para la empresa Guerreros González S.A. Finalmente, se realiza una reestructuración del proyecto enfocándose en el desarrollo de un sistema portátil de envío de datos mediante tecnolog
OWASP Germany 2010 - Side Channel Vulnerabilities on the Web - Detection and ...sebastianschinzel
Die sichere Entwicklung von Web-Anwendungen ist mittlerweile erschöpfend dokumentiert und es gibt eine Vielzahl von freien Entwicklungsbibliotheken für praktisch jede Sicherheitsfunktionalität. Daher gibt es für Entwickler keine plausiblen Ausreden mehr dafür, Web-Anwendungen mit kritischen Sicherheitsschwachstellen zu entwickeln. Sicherlich gibt es nach wie vor viel zu viele anfällige Web-Anwendungen. Eine zunehmende Zahl von Web-Anwendungen hält Sicherheitsprüfungen jedoch stand und sind somit nicht trivial kompromittierter. Sind die Daten hinter einer Web-Anwendung ohne die gängigen Web-Schwachstellen, z.B. aus der OWASP Top 10, aber wirklich absolut sicher?
Hier kommen Seitenkanalanalysen ins Spiel, die bereits im Bereich der Kryptoanalyse gut erforscht sind. Dabei misst der Angreifer bestimmte Merkmale seines Ziels, die mit bloßem Auge nicht erkennbar sind. Merkmale können z.B. kleine Unterschiede in der Antwortszeit der Web-Anwendung sein, oder auch versteckte Änderungen im Inhalt der Antwort. Korreliert ein Merkmal mit den Daten im Backend, so kann der Angreifer anhand der Merkmale auf die Daten im Backend schließen. Diese Art der Angriffe im Web sind seit einigen Jahren wissenschaftlich dokumentiert, jedoch in der Entwicklergemeinde noch nahezu unbekannt.
O documento descreve o robô XT5 SIBRAPE para limpeza de piscinas residenciais de até 10m. Ele esfrega, escova e aspira o chão, paredes e linha d'água, economizando energia e reduzindo o uso de produtos químicos. O robô é resistente, inteligente, com filtro fino e cabo giratório de 18m, limpando a piscina em 3 horas.
Este documento describe diferentes tipos de sensores que pueden usarse en robots, incluyendo sensores táctiles, acústicos, fotosensibles y ultrasónicos. Los sensores táctiles detectan la presión, los acústicos miden el nivel de decibeles de los sonidos, los fotosensibles distinguen entre luz y oscuridad, y los ultrasónicos miden la distancia a objetos.
Für freie Journalisten wird es immer wichtiger: unternehmerisch zu handeln. Diese Folien zu meinem Seminar an der Akademie für Publizistik zeigen, welche Geschäftsmodelle im Web möglich sind.
El documento presenta una introducción a la energía nuclear, describiendo que se trata de la energía liberada en reacciones nucleares y cómo se utiliza para generar energía eléctrica en centrales nucleares. Luego menciona algunas centrales nucleares en España como Santa María de Garoña, Ascó I y Almaraz I. Finalmente resume las ventajas e inconvenientes de la energía nuclear, señalando que reduce emisiones pero genera residuos radiactivos de difícil gestión a largo plazo.
La pandemia de COVID-19 ha tenido un impacto significativo en la economía mundial. Muchos países experimentaron fuertes caídas en el PIB y aumentos en el desempleo debido a los cierres generalizados y las restricciones a los viajes. Aunque las vacunas han permitido la reapertura de muchas economías, los efectos a largo plazo de la pandemia en sectores como el turismo y los viajes aún no están claros.
La teoría de sistemas surgió de los trabajos de Ludwig von Bertalanffy en la década de 1950. Se basa en tres premisas: los sistemas existen dentro de otros sistemas más grandes, son abiertos e intercambian materia con su entorno, y sus funciones dependen de su estructura. Las organizaciones pueden verse como sistemas sociales abiertos que mantienen su actividad a través de la renovación constante de energía de su entorno.
The QIP pipeline for 2010 is also appearing quite strong, with atleast 54 companies are waiting with the valid shareholders' approval in hand, aggregating to an amount of about Rs 42,942 crore", says Jagannadham Thunuguntla
“There is little likelihood of these getting converted for the reason that all these warrants are out-of-money or the current share price in all these cases is at a discount of between 17% and 77% to the exercise price,” said Jagannadham Thunuguntla, head of equity at SMC Capital.
India Pe Dec 30, 2008 More Buyout Deals Likely In A Slowing Pe MarketJagannadham Thunuguntla
Each of the 2008 deals had a different rationale, notes Jagannadham Thunuguntla, head of equity at Nexgen, citing the example of Dawnay Day AV, which sold out fully to New Silk Route Advisors for $50 million.
“The banking and financial services firm could not survive (as) 2008 was a bad year to be in financial services. Under such circumstances, the promoters had to sell out,” he notes.
The document discusses an enterprise valuation exercise of Corporation Bank by a team of analysts. It identifies comparable public sector banks - Oriental Bank of Commerce, Allahabad Bank and Syndicate Bank. Various valuation methods are applied including EBITDA multiple, PE multiple and discounted dividend method. Sensitivity analysis is performed by varying growth rates and other assumptions. The concluded enterprise value of Corporation Bank from the analyses is very near to its current market value.
Economic liberalisation, privatisation, foreign private participation, and various other waves
provided new impetus to the capital market. Primary capital market /New issue market permits corporate to
mobilise resources by issuing fresh securities (shares, debentures / bonds etc.). Such mobilisation may be
attempted by various modes such as private placement, public issue by prospectus, offer for sale etc
Finance Project: Beta Values of StocksAashay Verma
This was a project in our FIN101: Introduction to Finance course with Prof. Ajit Mishra. We calculated the risk and return on 5 stocks listed on the BSE SENSEX and analysed them.
The document discusses the profit and loss statement and balance sheet of Mahindra Satyam. The profit and loss statement summarizes revenues, costs and expenses over a period of time, showing a company's ability to generate profit. The balance sheet summarizes a company's assets, liabilities, and shareholders' equity at a point in time, showing what the company owns, owes, and the amount invested by shareholders. The document then provides examples of key line items in a profit and loss statement and components of the sources and uses of funds in a balance sheet.
The document provides a weekly summary of news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. It includes articles discussing the Modi government avoiding excessive economic stimulus, the benefits of India's new GDP calculation methodology, NITI Aayog recommending the strategic sale of 44 central PSUs, and guidelines being developed for selling assets of sick PSUs slated for closure. Other articles cover topics like the selection of bankers to manage stake sales from SUUTI, presidential approval of the GST bill, the upcoming first meeting of the GST Council, increasing demand for independent directors on company boards, and a potential decision to allow government employees more flexibility in managing their New Pension System funds.
“There is little likelihood of these getting converted for the reason that all these warrants are out-of-money or the current share price in all these cases is at a discount of between 17% and 77% to the exercise price,” said Jagannadham Thunuguntla, head of equity at SMC Capital
Financial Chronicle - Sept 16, 2008 - IPO Investors lost Rs. 5000 Cr since JanJagannadham Thunuguntla
PRIMARY market investors have lost more than Rs 5,000 crore with shares of most of companies, which came out with initial public issue since January, trading at a discount.
Zee News - Sept16, 2008 - Investors in IPOs lost over Rs 5,000 cr in 2008Jagannadham Thunuguntla
Investors in Indian IPOs since January 2008 lost over Rs. 5,000 crore as 26 of the 34 companies that went public were trading at a discount below their issue price by the end of last week. This represents a loss of 31.67% from the total Rs. 16,920 crore raised versus the current market value of Rs. 11,562 crore. Additionally, 5 companies withdrew their IPOs prior to approval and 20 others did not issue shares despite SEBI approval due to market uncertainty.
“The share sales could be through direct sale of government stake, an issue of fresh stock or a combination of both,” said J. Thunuguntia, equity head at SMC Capital.
Money market instruments with examplesMILIND PATIL
This document provides an overview of the Indian money market, its components, and recent news articles related to those components. It defines the money market as instruments having high liquidity and very short maturities that are used to fulfill short-term borrowing requirements. The key components discussed include treasury bills, commercial bills, call money market, certificate of deposits, commercial paper, and money market mutual funds. Recent news articles provide examples of borrowing amounts, interest rates, and regulatory changes for these money market instruments.
Similar to India Forums September 9, 2009 Prospects Bright For Qualified Institutional Placements (14)
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
How to Identify the Best Crypto to Buy Now in 2024.pdf
India Forums September 9, 2009 Prospects Bright For Qualified Institutional Placements
1. Prospects bright for qualified institutional placements: Report
September 9th, 2009
Mumbai, Sep 9 (IANS) Companies wanting to go the qualified institutional placement (QIP)
route to generate funds will find encouragement in the fact that most earlier ventures have
handed out more than modest returns to investors, according to a report.
“Since March 2009, current mark-to-market (MTM) value of all QIPs put together work out to
an amount of Rs.23,208 crore, marking returns of more than 35 percent,” said a report by leading
brokerage firm SMC Capitals.
“This also means that there will be takers for such issues, if companies come forward with
reasonable valuations,” said SMC Capitals equity head Jagannadham Thunuguntla.
QIP is a capital-raising tool whereby a listed company issues equity shares, fully and partly
convertible debentures or securities other than warrants to institutional buyers. Mark-to-market is
the accounting practice of recording the price or value of a security, portfolio or account to
reflect its current market value rather than its book value. Between March and Sep 7, 24 QIPs
raised about Rs.17,169.92 crore with the first issue from Unitech being the most successful.
Unitech’s QIP, which came in April, has given the highest return to its subscribers – a whopping
177.53 percent. The amount raised by the company was Rs.1,621.10 crore, which is now worth
Rs.4,499.08 crore on MTM valuations. Unitech, in fact, came out with a second QIP, which
again did well. The returns of the second issue at MTM valuation stand around 32 percent.
Only five QIPs are trading below their issue price, SMC said.
“Unitech took a chance by going in for a QIP, when conditions were still uncertain. Since then, a
lot of companies have found QIP to be the flavour of the season,” said Thunuguntla.
Among other prominent QIPs providing more than modest returns are Shree Renuka Sugars
(42.74 percent), Webel-SL Energy (42.73 percent), and Indiabulls Real Estate (38.16 percent).