After years of inaction, capital market regulator, the Securities and Exchange Board of India (SEBI), finally announced its rules for real estate mutual funds (REMFs) just when the US is in the midst of economic turmoil triggered largely by excesses in the realty business. SEBI regulations sound tough on paper. Only companies that have been in the realty business for at least five years can...
On 28th April, Business Standard reported that the finance ministry proposes to scrap Reverse Book Building (RBB), which allows investors to decide the exit price at which companies can delist. The report said that the finance ministry has decided on a formula-based exit price. Yet, the finance ministry is currently seeking public opinion on whether to scrap RBB and introduce a fixed exit...
It is not just cricket. The Indian Premier League (IPL) is a business cutting across various sectors. It extends from the companies that bid for the team or telecast rights (DLF, Reliance, GMR, Deccan Chronicle, India Cement, UB group, Sony Entertainment) to the advertisers, to glamorous new cricket team owners (Shah Rukh Khan, Preity Zinta and Jeh Wadia) to the 24X7 television channels...
