For most of the 1990s, the capital market regulator was perceived as being uncomfortably close to the broker community and reluctant to rein them in. In 1994, after the National Stock Exchange (NSE) came into existence, its visionary leadership under Dr RH Patil initiated many of the reforms to modernise the Indian capital market. The NSE set the agenda for margin norms and its conservative...

I must congratulate you for publishing MoneyLIFE, which I have been enjoying since I returned to India, after nearly 40 years abroad. I wish I had access to such  wonderful, practical and unbiased reports and writings much earlier! As Ram Buxani, a good friend of mine, aptly stated, we are Non-Required-Indians. Are we, really? No, everyone conveniently forgets the contribution every Indian...

The economic signals are getting worse. Beware of relief rallies

When does a bull market turn into a bear market? As the saying goes, “They don’t ring a bell at the peak of a bull market.” The US market is firmly on a downtrend and there is little light at the end of the economic tunnel. One sector after another is slowing down. On 6th February came the signal that the non-manufacturing side...