Sucheta Dalal (Reporter) Wiki, Age, Husband, Children, Biography, etc – WikiBio
Sucheta Dalal is an Indian business journalist and author who started her journey in 1984 with investment magazine Fortune India. Sucheta is the executive editor and trustee of MoneyLife Magazine and the MoneyLife Foundation, which she co-founded in 2006 with her husband.
wiki/bio
Sucheta Dalal was born in 1962 (Age 58; as of 2020) in Mumbai, India. Sucheta completed her higher education in Mumbai before heading to Karnataka College in Dharwad to pursue a bachelor’s degree in statistics. After completing her bachelor’s degree, Sucheta studied LLB and LLM at the University of Mumbai. In the early 1990s, Sucheta joined The Times of India as a correspondent in the business and economics sector.
appearance
Height (approximately): 5′ 2″
hair color: dark brown
eye color: light brown
family and caste
husband
Sucheta Dalal is married to CPA and journalist Debashis Basu. He is the founder and editor of MoneyLife Magazine.
Profession
In 1990, Sucheta Dalal started her career as a journalist with The Times of India, a Mumbai-based newspaper. She was part of the newspaper’s business and economics department, under which she investigated several cases, including the Harshad Mehta scam in 1992, the Enron scam, the Ketan Parekh scam in 2001, and more. The investigation into the Harshad Mehta hoax brought her to prominence in activism and journalism. Sucheta helped expose the scam, and on November 9, 1992, Harshad Mehta and those involved in the scam were arrested by the CBI. In 1993, Sucheta and her husband, Debashis, wrote a book on securities scams, titled “The Scam: Who Wins, Who Loses, Who Runs.” Until 1998, she was the financial editor of The Times of India. Sucheta then moved to another newspaper, The Indian Express, as a consultant editor and wrote columns for the Indian Express and the Financial Express until 2008. In 2006, she co-founded The Indian Express. Along with her husband, MoneyLife magazine became the magazine’s editor-in-chief.
dispute
In July 2015, MoneyLife magazine launched an investigation into NSE’s trading systems after a whistleblower letter said the exchange rarely allowed its brokers and traders access to facilities set up for high-frequency trading. This access will give traders and brokers an instant advantage in accessing NSE data compared to regular traders or brokers. In response, the National Stock Exchange filed a defamation lawsuit against Sumeta Dalal and Debashis Basu’s MoneyLife magazine. NSE asks for Rs. Rs 100 crore was used to settle the case, but later, the Bombay High Court asked NSE to pay Rs. 150,000 each from the founders and donated Rs. $4.7 million to charitable trusts. The NSE withdrew its defamation case in 2017.
NSE withdraws Rs 100 crore defamation case and appeal. Left with cost and J Patel’s order intact.million thanks to million well-wishers pic.twitter.com/BAwbXcE4Lw
— Suchetadalal (@suchetadalal) September 12, 2017
Awards
- In 1992, Sucheta Dalal received the Chameli Devi Jain Award for Outstanding Women in Media.
- She received Femina’s Substantial Woman Award for her work in uncovering the Harshad Mehta scam.
- In 2006, she received the prestigious Journalism Padma Shri from the former President of India, Dr. APJ Abdul Kalam.
Facts/trivia
- Following the success of her first book, Sucheta Dalal wrote an autobiography for AD Shroff, an Indian industrialist, banker and economist. The title of the book is “AD Shroff: The Giants of Finance and Free Enterprise.”
- Sucheta understands India’s financial markets, and after noticing the lack of financial literacy in India, she and her husband decided to start a nonprofit, the Moneylife Foundation.
- Sucheta’s interest in the financial industry helped her understand Indian banking, and her extensive research and investigations helped uncover many other scams such as the Enron, IDBI, and Ketan Parekh scams.
- Sucheta Dalal was a member of the Investor Education and Protection Fund of the Department of Corporate Affairs for six years.
- Sucheta Dalal often runs workshops to raise awareness about things like mutual fund investing, real estate, and other financial issues to help people make better, safer decisions with their money.
- In October 2020, the documentary series “Scam 1992” based on the book “The Scam” by Sumeta and Debashis Basu is released. The series is directed by Indian director, writer, actor and producer Hansal Mehta. The role of Sucheta Dalal is played by Shreya Dhanwanthary.
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