In your interest.
Online Personal Finance Magazine
No beating about the bush.
In 2005, SEBI (Securities and Exchange Board of India) plugged loopholes in the preferential allotment rules by introducing a stringent three-year lock-in and regulating the price at which preferential equity/warrants could be offered. This ended promoters’ self-enriching game of giving themselves equity at a discount and making a profit by selling existing shares. But it didn’t matter. We...
Sometime in the middle of October, when mutual funds, especially fixed maturity plans (FMPs), faced huge redemption pressures, the market was rife with rumours about the serious problems faced by several fund houses. Lotus Asset Management quickly exited the mutual fund business by selling out to Religare Enterprises. Asset management companies are valued at a percentage of assets under...
Banking stocks were the best performers among A-graded stocks
Among the A-grade stocks in the momentum list, bank stocks were the best performers last fortnight. Bank of Baroda and Punjab National Bank were on top, rising 15% and 12%, respectively. Bank of Baroda (BoB) announced that it would start its life insurance business during the first quarter of the next fiscal in association...