In your interest.
Online Personal Finance Magazine
No beating about the bush.
Until 1992, public issue of shares by companies was determined by government babus in the office of the Controller of Capital Issues (CCI), through a pricing formula. That year, in a sudden burst of corporate and financial sector reforms, the government abolished the formula-based pricing of share issues with a one-line order. It threw open the doors to market-based pricing and expectedly led...
Dalmia Cement (Bharat) (DCBL) has two business lines. One, whose medium-term outlook is cloudy (cement) and the other whose outlook is clear. This makes it a better bet among almost all other cement companies. Last year was great for cement companies and the prospects of sugar started improving from the second half. So in 2007-08, revenue from the cement business (ordinary Portland cement,...