The Harshad Mehta scam of 1992 came to be known as a ‘stock market scam’ because the precipitous fall in the Sensex caused massive losses to retail investors and captured public attention. But, although the late Harshad Mehta was ramping up stock prices with impunity, the heart of the scam, as reflected by the endless litigation that followed, was mainly connected to the government-securities...

Trust, a major issue in any organisation, cannot be measured but has commercial consequences

My friend owns a small business that employs about 35 people.
The management staff consists of a senior management committee, a set of designers and some junior associates. While the workplace environment is mildly competitive, employees enjoyed their jobs and are excited by the prospects a firm of...

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...