In your interest.
Online Personal Finance Magazine
No beating about the bush.
Like the issue of PNs, SEBI is also keen to revisit the grading of IPOs introduced in April 2007. On 2nd September, chairman CB Bhave said that “SEBI would review the IPO grading concept as it has received both positive and negative responses to the practice.” As we said earlier, there is a strong lobby of market intermediaries who do not want IPO grading, while investors want it to continue...
For the second time in the past few years, ICICI Bank seems to be paying a price for its rapid growth. A few years ago, depositors panicked when its ATMs in some cities of Gujarat went dry over a long weekend. This time, with financial markets in turmoil, the Bank seemed in danger of being crushed by malicious rumours that seemed deliberately directed at driving the stock down, to profit by...
The smart bullish crowd is muted. That is a contrarian's sign
In the previous issue, I had said that a small relief rally may be round the corner; enjoy a rally as long as it lasts. After the issue was out, we had exactly two days of rally; then the Sensex crashed to a new 2008 low of 9,911, easily cracking the psychological line in the sand of 10,000. The first time it rose above 10,000 was...