True Lies

Motivated Negativity?

SEBI’s no entry load on direct investment enthuses few - went a Times of India headline in the first week on January. It referred to Securities and Exchange Board of India’s (SEBI) touted New Year gift to investors directing mutual funds not to charge the 2.5% entry load to those applying directly to schemes instead of going through a distributor.

Less than a week...

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Power and Future

The 4 on 5 grading for Reliance Power (RPL) raised so many questions that CRISIL was forced to hold a quick teleconference to provide answers. RPL is all about Anil Ambani’s promise to set up an extraordinary 28 projects in the next 10 years. What did CRISIL have to say? In a nutshell, it said that grading was a subjective exercise and the grading committee was convinced of the company’s...

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The Indian Private Sector Has At Last Got Back To What It Was In The 1940s
ML: Can you tell us a little about your early days… about where you were born and grew up?
LMD I was born in Baroda (now Vadodara) in Gujarat on the 10th of July 1940. My father was a civil servant in the Gaekwad Government – Baroda was a princely state those days. We lived in a flat on a very busy crossroad, which was very nice for a child. The family was very proud of its...
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