Posts Tagged ‘Shantanu Guha-Ray’

Tehelka promoter’s woes just don’t seem to end

16 April 2011

K.D. Singh, the controversial promoter behind Tehelka magazine and its shelved Financial World newspaper project, is once again in the news—for the wrong reasons.

Already under a shadow after allegedly buying his way into Parliament last June, and after being stopped at Delhi airport with Rs 57 lakh cash last month, India Today magazine reports that Singh is now under the scanner of the economic offences wing of the Union home ministry.

Reason #1: Singh’s Alchemist group “may have artificially rigged the share prices” in five companies—Usher Agro, Sel Manufacturing, Dhanus Tech, Pyramid Samira and Resurgere Mines.

Reason #2: The stake picked up by two foreign institutional investors (FIIs)—Mavi and Somerset—with links to banned stock market operator Nirmal Kotecha, in Alchemist realty.

The India Today story, authored by former Tehelka business editor Shantanu Guha Ray, says the stock market regulator SEBI is aware of the charges of share-rigging, and is also probing why two Singh companies, Alchemist Limited and Alchemist Realty, did not make mandatory annual and quarterly account disclosures to the Bombay stock exchange (BSE) and the national stock exchange (NSE).

Kotecha had been banned from trading on the stock market in 2009 in a forgery scam involving Pyramid Saimira. (Rajesh Unnikrishnan, an assistant editor of The Economic Times of The Times of India group, and Tatva, a PR firm involved in a joint venture with the Times group, were also banned.)

Shankar Sharma, an earlier Tehelka promoter, too had run into problems with SEBI, and faced charges of manipulating the market with advance knowledge of Operation Westend, a sting operation that caught the then BJP president Bangaru Laxman with his hand in the piejar.

Photograph: courtesy Alchemist

Also read: Moneybag MP says he didn’t turn off FW tap

Who was the newsmagazine editor who…?

29 January 2011

An item appearing in “Glass House”, the gossip column compiled by Shantanu Guha Ray in the latest issue of India Today:

PSSSST…:

“Did an editor of a newsmagazine recently visit the intelligence bureau to brief its chief over Hindutva terror?”

Ambani book review, a response and a riposte

27 September 2010

Its original avatar,The Polyester Prince, failed to see the light of day after injunctions were secured against its release in several cities.

Now, an updated version of Sydney Morning Herald journalist Hamish McDonald‘s book on the Ambanis has surprisingly hit the stands under a new title, Ambani & Sons.

Shantanu Guha-Ray, the business editor of Tehelka, reviewed the new version of the book in the September 18 issue.

The latest issue of the magazine carries a small interlude between author and reviewer.

***

MEMORY LAPSES

Refer to Shantanu Guha Ray’s ‘Two Boys and Their Grand Fight’, 18 September. In the review of my book Mahabharata in Polyester, I was baffled to learn that I had once been a part-time anchor for a show in the now-defunct Business India television channel. Nothing else in Guha Ray’s comments surprised me. He might have mentioned that he had previously volunteered for the role of co-author of this book and had been turned down.

HAMISH MCDONALD, on email

***

SHANTANU GUHA RAY replies: Business India television planned the Business India show for which McDonald was considered a part-anchor. He was brought in by Rita Manchanda. The show, with numerous re-adjustments, was eventually anchored by Saloni Puri. I produced the show. McDonald probably does not remember, it has been over a decade. He ignored me as a co-author. I am still reeling under that impact.

Also read: Why the Indian media doesn’t take on Ambanis

Sorry, brother, we got a few million $$$ wrong

Indian journalism is regularly second-rate

In the dosa joint where our ‘beloved father’ ate

How media hyped up the Reliance Power IPO

Anil sues Mukesh Ambani for New York Times profile

Look, who is also in the IPL racket? An editor!

18 April 2010

In his story on the burgeoning scandal in the Indian Premier League (IPL), Shantanu Guha-Ray, the business editor of Tehelka magazine, casually reveals how “the editor of a major Indian media house whose son had recently come under the radar of corporate intelligence bodies, is also trying to get into the IPL franchise racket.”

Image: courtesy Tehelka

Read the full story: The Indian Premier Leak

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