Please read the DISCLAIMER at the bottom of the blog.

Rakesh Jhunjhunwala is considered to be the greatest investor in Indian Market. He is supposed to have made Rs 5000 crores by just investing Rs 5000 in Indian Stock Market. Rakesh Jhunjhunwala guru mantra to be successful in stock market is as enumerated below:

(a) He advises people to become interested in a stock when none is interested in the same stock. As per him BUY RIGHT & HOLD TIGHT for years to come. He has been holding few stocks for last 10 years and he is still minting money from those stocks.

(b) He further advises that one should not follow big investors blindly as their risk profile and long term goals with time frame may be difficult to be followed by retail investor.

(c) Market is supreme and every thing is reflected in the price and thus their is no point in fighting the trend as market is always right.

(d) One should be able to create a balance between the fear and greed.

(e) As per his words one has to learn the stock market trading as none can teach the market as stock market experience is the best teacher.

Thus follow Rakesh Jhunjhunwala advice in stock market, BE PATIENT and grow big like Warren Buffet or this iconic man from Dalaal Street.

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Saturday, January 30, 2010

Data theft: HC asks Infomedia to shut down askme.in (Part of Rakesh Jhunjhunwala Portfolio)

Just Dial, India’s No 1 local search engine, with a single national number 69999999 in 240 cities, has obtained injunction against Infomedia 18 Limited (one of the group company of media group TV18), restraining it from carrying out any business or rendering any service of providing information of business, services, and products, through their newly launched website askme.in.

In a suit filed by Just Dial against Infomedia 18, Just Dial alleged that Infomedia 18 had copied its extensive database and was displaying the same on its website askme.in, thereby infringing Just Dial’s copyright in its valuable database.


The Delhi High Court has granted an exparte injunction against Infomedia 18, restraining them from infringing Just Dial’s copyright and from running the website askme.in till the next date of hearing.

The High Court has also appointed commissioners to visit Infomedia 18 Ltd’s office in Delhi and Mumbai and to seize and take into custody all the CPUs, compact, floppy discs and/or other storage media containing any part of the commercial or business directory database belonging to Just Dial.

One of the Just Dial’s official said that it was an aspect of cyber crime and termed it as a significant legal victory for the company.

"We have approached Delhi High Court and Justice agreed that prima facie case for the grant of an ex-parte injunction and this is rare, underlining the seriousness and significance of the breach. Just Dial has spent over 14 years of research and a lot of resources in building up its database and that the company treats matters of copyright infringement very seriously and will vigorously defend the copyright on its valuable database," he added.

City information about products, services is the valuable information for both companies on which they build their business.

Data theft is becoming a common intellectual property related case in the Indian Online industry.

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1 comment:

Chintan DESAI said...

http://rakeshjhunjhunwalafan.blogspot.com/2011/09/rakesh-jhunjhunwalas-stocks-fans-club.html

DISCLAIMER

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

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