Sucheta Dalal
Journalist, Author, Actvist
Among the best known financial journalists in India, in 2006, Ms Dalal was awarded the Padma Shri, India governments third highest civilian award, based on her outstanding investigative journalism since the early 1990s.
BOOKS
ABSOLUTE POWER
By Debashis Basu and Sucheta Dalal
THE SCAM
By Debashis Basu and Sucheta Dalal
PATHBREAKERS 2
By Debashis Basu and Sucheta Dalal
“The king is dead, long live the king!”   This familiar proclamation, used to mark the seamless succession of a new monarch after the passing of the old, ensures continuity and prevents a vacuum of power. A similar sentiment arose when, just a day after Ratan Tata’s passing, the boards of Tata Trusts hurriedly convened to appoint Noel Tata, his step-brother, as the new chairman.   Noel Tata’s ascension to this powerful role comes at a key moment for the...

Sucheta Dalal, 18 Oct 2024

VIDEOS
INVESTIGATION/SPECIAL ARTICLES
SEBI
Investor’s Voice: What Rakesh Mundra Said   By Sucheta Dalal   M.Damodaran, the outgoing Chairman of the Securities & Exchange Board of India (Sebi) kicked off a debate in his final interview by raising questions about the ethics of television anchors talking up or down...

Sucheta Dalal, 22 Feb 2008

  SEBI’s no entry load on direct investment enthuses few - went a Times of...
SEBI asked to complete investigations establish guilt and hand out...
Asks it to pay one lakh rupees as costs to appellant   By Sucheta...
Provide correct information Says Finance Ministry to...
How Madhukar’s madness is being senselessly glorified By Sucheta Dalal A...
SEBI vs. NSDL- Part II   Target Practice: Supervising Depositories and...
How Panjak Razdan met SEBI’s ‘Fit & Proper’ person rule   By Sucheta...
SEBI’s v/s NSDL – Part I   Has SEBI declared war against India’s...
 
SHCIL
Following the e-stamping scam, State Bank may take over SHCIL   By Sucheta Dalal   It may have been the Maharashtra government’s persistent questioning and threat to cancel the e-stamping project that did it. Or, a dawning realisation that running Stock Holding...

Sucheta Dalal, 10 Jan 2008

The flurry of activity at the Stock Holding Corporation of India Limited...
  Celebrating control The controversial Stock Holding Corporation...
Breaking news   By Sucheta Dalal   After hanging on for nearly five...
Breaking news: Ramesh Razdan joins SHCIL?   By Sucheta Dalal   Mumbai,...
Serious frauds office investigates SHCIL   By Sucheta Dalal   15 August...
SHCIL acquires control over Unitec of singapore   By Sucheta Dalal   15...
Senior employees hijack a publicly-owned institution in a daring heist as...
SHCIL tries to regain control of its subsidiary and CBI asks questions, but the...
 
CORPORATE GOVERNANCE
The latest issue of ‘Boardroom Insider’, an online governance newsletter published by Ralph D. Ward has an interesting take on how CEOs ‘adapt’ to governance reforms. ‘‘How is the relationship between germs and antibiotics like that between CEOs and governance...

Sucheta Dalal, 07 Jun 2005

Corporate governance can never be reduced to a set of rules enshrined in the...
Last week, America’s largest pension fund, CalPERS (California Public...
On January 11, a Joint Director in the Finance Ministry’s Department of...
Last week Unit Trust of India (UTI), held a round table on corporate...
The interesting little battle brewing between Unit Trust of India (UTI) and the...
There is a significant difference in the big stock rally, which was kicked off...
Corporate governance may have been the Indian corporate sectors them song for...
When companies fail to follow good corporate practices no other stakeholders as...
 
DSQ SOFTWARE SAGA
Federal prosecutors in Newark yesterday charged Dinesh Dalmia - a financier now being detained in India - with masterminding an $80 million swindle that victimized dozens of U.S. banks, investment firms and equipment finance companies.   If extradited and convicted on all counts, Dalmia...

Sucheta Dalal, 11 Mar 2006

Feds say call center was $100M shell game   Indian national faces fraud...
\"It does not amount to compelling him to break his silence by force\" ...
For a man who manipulated infotech companies, it is only fitting that Dinesh...
ROGUE INDIAN FINANCIER IS ARRESTED IN NEW DELHI HE ran, but he couldn\'t hide....
While Dinesh Dalmia remains in the custody of the Central Bureau of...
In a market where money can be doubled in a matter of days and weeks and client...
FUGITIVE FINANCIER\'S STOCK FRAUD SCAM GETS PERSONAL   OUT-SCOURGE By...
An Interpol ‘red corner’ notice against Dinesh Dalmia, who once headed the...
 
THE REDIFF COLUMNS
February 7, 2000 They are India\'s most unusual business icons -- Gururaj Deshpande, Founder-Chairman of Sycamore Networks and billed as the richest Indian in the world, and his equally well-known brother-in-law N.R.Narayan Murthy, Chairman of Infosys Technologies. Both have, in terms of market...

Sucheta Dalal, 30 Nov -0001

March 7, 2000 In mid-February, The Economic Times carried a notice under the...
March 13, 2000 The entire nation is geared up for Bill Clinton\'s visit. At...
December 27, 1999 Richard Branson came to India, rode an elephant to his press...
march 21, 2000 When Iridium LLC, the US $ 5-billion plus global satellite...
January 1, 2000 Ever since the Indian Airlines flight from Khatmandu was...
January 10, 2000 Letters to my last column have been pouring in and I must...
January 25, 2000 As consumers we celebrated the Delhi High Court judgement...
January 17, 2000 The cover stories of two leading business magazines this week...
 
FINANCIAL EXPRESS
 In 1992, when the National Housing Bank’s (NHB’s) deep involvement with Harshad Mehta became public, the government used all its powers to ensure that NHB, a subsidiary of the RBI, was protected and not wound up. But that scam was at least investigated by a Joint Parliamentary...

Sucheta Dalal, 11 Jun 2007

 Secured debentures of the non-convertible variety were the rage in the...
 Prime Minister Manmohan Singh’s Ten Point Social Charter to industry was...
At a recent annual general meeting of a rating agency, several agitated...
 Last week, there was a ripple of excitement in the capital market when Sebi...
 The Indian Post Office (Amendment) Bill 2007 is one of the UPA’s regressive...
Loans to the underprivileged are a lucrative and fast-growing business for...
 In the US, the Securities and Exchange Commission (Sec) settles almost 95% of...
The last 15 years have seen a continuous change in the norms related to...
 
SCAM 2001
In 15 days flat the Securities and Exchange Board of India (SEBI) has put together a fairly detailed report on the Scam of 2001 and how Ketan Parekh and other operators manipulated the market in collusion with companies, banks, mutual funds and Foreign Institutional Investors (FII). The report also...

Sucheta Dalal, 30 Nov -0001

Sometime in the year 2001, the government was under pressure from opposition...
Last week, the Joint Parliamentary Committee (JPC) Members turned the heat on...
Every regulator summoned by the Joint Parliamentary Committee (JPC)...
Even as the Joint Parliamentary Committee (JPC) chairman Prakash Mani Tripathi...
The Securities and Exchange Board of India’s (SEBI) preliminary inspection...
In 1992 the Joint Parliamentary Committee (JPC) investigating the securities...
If foreign banks were the prime target of the Joint Parliamentary Committee’s...
Congress spokesperson Jaipal Reddy is doing a great disservice to the...
 
INDIAN EXPRESS - DIFFERENT STROKES
The Ministry of Company Affairs (MCA) has come to the rescue of Stock Holding Corporation of India (SHCIL), India’s largest depository company, at the intervention of the Finance Ministry. On May 14, an investigation was ordered into the affairs of SHCIL Services Ltd (SSL), once a wholly...

Sucheta Dalal, 11 Jun 2007

While the Reserve Bank of India (RBI) and the Telecom regulator have formulated...
Stock Holding Corporation of India Ltd (SHCIL) has now petitioned the Company...
Anil Ambani recently made a presentation to a select group of investors, laying...
Ever since foreign investors showed the willingness to shell out hefty...
Last week, this column warned that an internal committee appointed by the...
The Reserve Bank of India’s (RBI) effort to encourage people to migrate from...
The government of India has ordered a detailed probe into the goings-on at...
Few bankers or bureaucrats have had a more turbulent career than the UTI Bank...
 
INDIAN EXPRESS - CHEQUES & BALANCES
A few months ago, 17 investor associations in one of their regular interactions with the Securities and Exchange Board of India (Sebi) passed a unanimous resolution appreciating the regulator’s tough stand on the DLF issue. That was when Sebi had refused to clear DLF’s earlier proposal...

Sucheta Dalal, 11 Jun 2007

For many of us, the world is divided into two kinds of people — those who...
The demerger of business families, with all the trauma and acrimony attached to...
Last week, investigations into the fraud at Stock Holding Corporation of India...
The Reserve Bank of India (RBI) responded to mounting complaints from credit...
In a surprise development, the Custodian has moved the Bombay High Court to...
SHCIL is India’s largest depository company and acts as custodian to the...
The government has finally ordered an investigation into Stock Holding...
Over the last decade, one of the biggest challenges of securities regulators...
 
MONEYLIFE FOUNDATION LETTERS
AWARDS