The new CMD, Razdan clearly believes that it is time to move on. He called in a couple of journalists to inform them that SHCIL had received a mandate for e-stamping legal documents from the Maharashtra and Delhi governments; and, with 11 other states under its belt, it hopes to get 75% of India’s e-stamping business. Are people forgetting that over Rs30,000-Rs40,000 crore of stamp paper is...
SEBI chairman, M. Damodaran, likes to plan headline-grabbing sound bites at important public meetings, but that strategy is getting rather ragged. At the end of September, Damodaran told Merrill Lynch executives how he had issued a ‘show-cause notice’ to 20 large companies that had failed to meet corporate governance regulations. Calling his action a ‘crackdown’, he claimed that it was...
With the Sensex zipping up to 16,000 and beyond at record speed, the media was clearly running out of celebratory stories. After all, how many times can you write about stock movements, when everyday is a record high for the index? So one enterprising reporter got creative and dug up Madhukar, the man who left the regulatory body red-faced in 2005 and had politicians baying for his dismissal....
