Subprime Disclosures Of Prime Securities
Please refer to Sucheta Dalal’s piece “Expert’s Losses” as part of the True Lies section in the 24th April issue, in which you covered the case of Prime Securities. Let me also bring to light the duplicity of this firm in its recent announcements which has resulted in many investors like me losing heavily. In their announcement on 27th March to the stock exchanges, they said that...
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The First Sage of Wall Street

Henry Clews was born in 1836 in Staffordshire, England, on a sheep farm. His father, James Clews, was a potter. Henry arrived in America in 1853 and started out as a clerk in a firm of wool importers. After few years, he tried to become a stock broker but his efforts to gain admittance to Wall Street’s inner circle were snubbed until 1857. That year, fears of excessive trade deficits ...

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A New Fabric

The entire market is less enthusiastic about textile companies and with good reason. The rupee had been strong and exports have suffered. Indian textiles are not very competitive in global terms while the local market is well-supplied. Although Alok Industries has reported good operating results for the March quarter, the stock has not moved much. Total sales for the quarter increased by...

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