Beware of new gimmicks and invitations that hit your mailbox
This happened to one of India's top columnists last week. He comes from an illustrious lineage; his family was reputed to “own half of Delhi” and he has had close personal contacts with the ruling elite in every government since Independence. The background is important in the context of this email that I received, ostensibly...
Beware of the growing menace. Here are some steps to take
Vimal Kumar of Vishakapatnam has been a Citibank credit card holder
for two years and was recently offered a new co-branded JetCiti Gold card as well. So he wasn’t suspicious when someone claiming to be
from Citibank telephoned to say that he had been selected for a ‘one-day offer’ to upgrade the credit limit on his existing card...
Interest earned on application money must be used to reduce issue expenses
Three years ago, just before a change of guard at the Securities and Exchange Board of India (SEBI), a committee headed by Dr P.J. Nayak, called the SMILE (Securities Market Infrastructure Leveraging Expert Task Force) Committee, made a series of recommendations on how to tighten and streamline the public issue...
