One of the first tasks before the Securities and Exchange Board of India’s (SEBI) brand new chairman would be to decide on the selective bonus proposed by Reliance Power Limited (RPL) to reduce the price paid by its retail investors. The company claims that it is offering “free shares” to “all the shareholders, excluding promoters, who would accept dilution of their stake in the broader...

There is precious little you can do when stock exchanges go mum about serious investor issues

English India Clays’ post-demerger listing is possibly the most outrageous case of callous disregard for investors that one has seen in a long time. Consider this. Until 12 February 2008, the stock of this Thapar group company was trading at over Rs1,690. The next day, the demerger of its...

I am a subscriber of your esteemed magazine. I am a great admirer of yours and Sucheta Dalal’s bold approach. As a practising lawyer, I myself can deal with the legal problems. However, I wish to bring to your notice, a bad experience as a holder of American Express Gold Card with a view to put other members of the public on guard.

I hold an American Express Gold Credit Card for a number...