In your interest.
Online Personal Finance Magazine
No beating about the bush.
On 4th March, the share price of ICICI Bank tanked by 9% on reports that it had lost a whopping $264 million due to the US subprime crisis. The market was rife with rumours that other Indian banks would report similar losses on their overseas exposure. Later, one learnt that the news originated from a finance ministry reply to a question in Parliament. But that afternoon, panicky investors...
We don’t hear much of mid-caps these days but until a few months ago, for most market players, mid-caps held great attraction. Such is the market interest in these would-be blue-chips in a ferocious bull market that not just retail investors but even funds chase them by launching dedicated schemes to invest in them. But it is one thing to chase a hot theme when the market is running away and...
One of the top priorities of SEBI (Securities and Exchange Board of India) chairman, CB Bhave, is to eliminate malpractices in initial public offerings (IPOs) and reduce the time lag between an offer and listing. This would involve attacking several dubious practices and weak links and introducing better automation. The last is probably easiest done because the blueprint for a faster process...