TV anchors/owners, investment bankers, fund managers and brokers - everybody is pining for a repeat of 06-07

On Tuesday, 27th May, even as finance minister Pranab Mukherjee was being interviewed by CNBC, the Sensex had lost a couple of hundred points – it ended the day almost 300 points below its previous close. No, Pranabda’ said nothing that caused the Sensex to drop. In fact, he was...

How UTI Scuppered the Senior Citizens Unit Plan

UTI Mutual Fund (UTIMF) caused a lot of anger when it terminated the Senior Citizens Unit Plan (SCUP) in 2008, just 15 years after it was launched. The scheme was sold with the slogan –“Makes your old age worry free, once and for all”, so its unilateral termination caused both shock and anger. But UTIMF, and the Government of India, got away...

By leaving succession planning till the last moment and quitting abruptly, did Dr PJ Nayak let down his beloved Axis Bank and his colleagues?

Almost everybody who has ever interacted with Dr PJ Nayak will profess enormous respect for him, vouch for his uncompromising integrity and admire his professionalism and business acumen. He was an extremely well-regarded IAS officer and, later, an...