In your interest.
Online Personal Finance Magazine
No beating about the bush.
In early April, when MoneyLIFE interviewed CB Bhave, chairman of the Securities and Exchange Board of India (SEBI), one of our questions was about his decision to remove first-day price bands after stocks are listed or re-listed. That decision was based primarily on the English Indian Clays (EIC) case, which MoneyLIFE had followed with some persistence. EIC’s stock had dived from Rs1,690 on...
In the same interview, we asked Mr Bhave about the fate of two companies, Shyam Tele and SVPCL, whose shares were denied listing by the stock exchanges as well as SEBI after a corporate action after in-principle permission to list had already been granted. The refusal of listing permission affects companies far less than it affects investors; and both have moved court against SEBI’s order to...
Talk to real estate developers around the country and they will tell you that demand for residential property remains robust at a price point of Rs35 lakh per apartment. They only admit to a 20% decline in prices from their peak levels. However, the truth is that few transactions are actually happening. The feel-good factor about the Indian economy has ended. While the government dithers over...