In your interest.
Online Personal Finance Magazine
No beating about the bush.
The recent merger between Reliance Industries (RIL) and Reliance Petroleum (RPL) is an important milestone in the Reliance group’s quest to establish its refining footprint. In 1989, the Reliance group announced its planned six million tonnes per annum refinery at Jamnagar which was to be in the RPL fold. RPL went public later that year to raise funds. Its public issue of Rs862 crore was among...
Domestic software development is turning out to be a lucrative area, especially the computerisation of government processes and records, even though the margins are much lower than those in offshore software development. These projects are attracting large software companies, such as Tata Consultancy Services (TCS), HCL and Wipro, among others. But it is a rather murky business, especially...
Regulators are either silent or are being insidiously challenged while the government watches benignly
Since 2006, I have received several letters, complaints and inquiries about GoldQuest (also known as QuestNet), a chain-marketing scheme (they call it network marketing) that sells limited edition gold coins, figurines or watches for Rs30,000–Rs35,000. The big draw, however, is the trailing...