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Online Personal Finance Magazine
No beating about the bush.
Dented Credibility of SEBI
On 13th April, the Securities and Exchange Board of India (SEBI) dealt a serious blow to its own credibility by seeking legal advice on whether the board has the authority to examine an order of a special bench appointed to ‘examine and dispose of’ issues relating to the National Securities Depository Ltd (NSDL). It also decided to continue suppressing the order...
Somali pirates are running riot in the Indian Ocean, capturing a British ship, a French yacht, a German container ship, a Danish-owned, US-operated cargo vessel and, now, even a US ship. What could be the economics of the piracy business? First, as in any business strategy, they are continuously expanding their market. Their attacks are expanding beyond the immediate coast of Somalia, where...
The Sensex ended at 11,284 on 15 April 2009. We had mentioned in our previous column that there was a good chance for the Sensex to continue with its short-term rally. From 24 October 2008 to the end of March 2009, the Sensex had been moving in a narrow range of 8,700 and 10,048. We had mentioned in the previous issue that the Sensex could either dive again after hitting the upper side...