India’s first micro-cap fund may hit the market soon. DSP Merrill Lynch has
just filed for launching DSP ML Micro Cap Fund. But its definition of what
is a micro-cap stock is debatable. The prospectus describes micro-cap as one which is not part of the top 300 companies by market capitalisation. The
BSE has some 5,000 actively-traded stocks. According to our understanding, micro-cap is...

If Lalu Yadav could score by listening to some brilliant and well-chosen officials, why couldn’t the clever Chidambaram do the same, asks Sucheta Dalal

The Union Budget this year has left ordinary tax-paying Indians inordinately angry and frustrated. In the 10th year after he delivered a ‘dream budget’, Finance Minister, P Chidambaram appears to have lost his touch; ironically, the economic...