In your interest.
Online Personal Finance Magazine
No beating about the bush.
The Reserve Bank of India’s 24th June hike in CRR and repo rates will deal a blow to the realty sector and, hopefully, force a swift reality check. It has long been evident that the realty bubble was set to burst -- property prices and rentals had soared to a level where business was turning unviable. Several mid-level restaurants in Mumbai had to shut shop when their lease came up for renewal...
A couple of months ago, when the market for initial public offerings (IPOs) was extremely promising, one CEO said he was in queue to take his company public because there was a shortage of good investment bankers and the top five or six apparently had a waiting list of a few months. The scarcity of capital market infrastructure is worse, when it comes to Registrars & Transfer Agents (R&TAs)....
It is interesting how action against Sahara India Finance always crops up when the ruling government needs some leverage to arm-twist certain politicians. This time too, Sahara has emerged the winner after the threat of harsh action. After a meeting with RBI officials, Sahara has been told to wind up business by 2011. This is one year more than what RBI had allowed it earlier. Since RBI never...