Come the next bull run, all will be forgiven and forgotten about the Satyam episode

The ‘Satyam affair’ has brought into focus some very unpleasant truths about corporate governance. Family priorities have generally led to corporate action that is often perplexing; but what is heartening is that (in this instance) institutional investors and the media made enough noise for the ‘promoters’ to...

Is the concept of independent directors unworkable in India?

When it comes to debating the nuances of good governance, all the news seems to be emanating from Hyderabad and none bodes well for corporate India. After the cover story in our previous issue, two independent directors on Satyam’s star-studded board – Vinod Dham and Dr Krishna Palepu – decided to call a meeting which would also...

We have been bullish about the prospects of Noida Toll Bridge Co Ltd (NTBCL) in the past and continue to remain so, thanks to its robust long-term growth prospects and an almost recession-proof business model. NTBCL operates a bridge across the Yamuna which connects Delhi and Noida. Given the explosive growth in population and commercial activity in the National Capital Region (NCR),...