Global water business is becoming localised and private equity has stepped in. One Indian company is poised to take advantage of it.
The municipal corporation of Mumbai is going ahead with a plan to study the problems of water supply such as the quantum of water lost due to old, leaking pipes and pilferage, unaccounted flow of water, inequitable distribution and limited supply. Critics...
The Securities and Exchange Board of India (SEBI) is again set to tweak the rules regarding the ‘face value’ of equity shares - mainly to correct a special favour shown to the issue of Purvankara and to help promoters such as Reliance Power and maybe even the Bombay Stock Exchange (BSE). The rules currently state that an unlisted company planning an initial public offering (IPO) can have a...
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...
