In your interest.
Online Personal Finance Magazine
No beating about the bush.
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...
The recent Participatory Notes (PN) imbroglio could so easily have been avoided! It isn’t difficult to see that things went wrong, not so much with the broad objectives that SEBI set out to achieve, but with the communication aspect that is so critical in managing any change.
SEBI would have done well to have consulted widely in advance and, more importantly, been seen to do so. That would...