Manipulation in the derivatives segment is easy. Time to make a few changes

Single-stock futures create room for enormous manipulation. The National Stock Exchange (NSE), which dominates the futures market, does not care because it gives the NSE handsome revenues. Everyone except the regulator can smell it, but the regulator has a perpetual nose block.

Price manipulation starts...

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...

In an interesting development that would help retail investors, large brokerage houses are seeking a formal grading process, say media reports. As with everything else, the efficacy of the grading would depend on the methodology adopted and the scope of the process. From the brokers’ perspective, this will allow stock exchanges and banks to grant trading limits or finance, based on objective...