In your interest.
Online Personal Finance Magazine
No beating about the bush.
The drama over curbing Participatory Notes (PNs), the knee-jerk market reactions, the panic-stricken clarifications by the regulator and the finance ministry are all over and the Sensex has been comfortably nudging 20K as we move towards the close of the Samvat year. Has any of it led to greater transparency about foreign investment or shareholding? Not a bit. In the 18 months when PNs are...
SUTI or Specified Undertaking-UTI was born out of the split of Unit Trust of India (UTI) after its second debacle in 2001 and was part of a government bailout and restructuring programme. The idea was that SUTI would be wound up after a few years and in any case before 2009. But the unprecedented bull run over the past five years has made SUTI’s holdings of property and stocks extremely...
MMTC has joined hands with the brokerage firm India Bulls to set up a commodity exchange, which is good news for the two companies; but will someone in the government explain the steps taken to sort out a hive of regulatory issues that is bound to crop up after this unusual marriage?
If such a bourse is allowed to be set up by the Forward Markets Commission, then India Bulls, a capital...