In your interest.
Online Personal Finance Magazine
No beating about the bush.
The government and the Ministry of Company Affairs (MCA) seems to have scuttled the Securities and Exchange Board of India's (Sebi) proposal to have Initial Public Offerings (IPOs) rated and have trotted out various reasons for doing so.
In fact, rating IPOs was never really a SEBI proposal. Ever since 1993-94, when an IPO mania led to hundreds of companies vanishing, which killed the primary...
Two of the most high-profile fund companies have made a terribly bad bet in JK Paper. Companies in basic industries have been attracting interest among funds thanks to robust domestic demand. So, old business houses, which dominate basic industries and were major value destroyers in the 90s, are in demand now - provided they are not terribly governed. Paper is one such industry, where West...
Reliance Equity Fund has claimed to have collected Rs 5,000 crore to become the most successful new fund offering of all time. The last time an equity fund had raised this kind of money was UTI Mastergain '92 which pooled in Rs 4,472 crore in 1992. According to the media, Reliance Equity's astounding success underscores the current mutual fund boom. In 2006 alone 12 funds have collected over...