Until three months ago when the Satyam scam broke out, Maytas Infrastructure was bagging dozens of infrastructure projects. Today, there is no clarity about its future. At least, it is out of the hands of the Rajus. More importantly, considering the high stakes of various institutions, a new promoter will most likely be inducted. The government has already decided to supersede the board. IFCI,...

Private Sector Monopoly  
 
Dr RH Patil’s recollection of the early days of the National Stock Exchange (NSE) at the launch of Pathbreakers2 got us curious about where it is today. From an exchange struggling to find media support and get its stock quotations into print, it has grown into a virtual monopoly which has powerful influence on policy-making. More pertinently, it is obscenely...

Sector funds are supposed to focus on a single sector. But to create performance, they diffuse their focus

The primary objective of most fund companies is amassing more and more assets through an ever-lengthening list of fund ideas. One such idea is sector fund. Sector funds invest entirely or mainly in a single sector. Sectors that are hot for a stretch of time immediately attract a fund....