In your interest.
Online Personal Finance Magazine
No beating about the bush.
Competition between India’s national bourses has always been intense and bitter. For over a decade, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have been at war. During this period, the NSE has become a monopoly in the equity derivatives segment and it far outstrips a bumbling BSE in the cash segment. The action has now shifted to currency derivatives where there are...
A company can be a pioneer in a particular sector; the sector can be a sizzling one; it can have an aggressive sales force; it may have developed one of the largest distribution networks; it may be fiercely competitive against its much larger, well-known multinational rivals – and, yet, its stock may fetch you poor returns if you buy it and hold it for long. HCL Infosystems, started by IT...
Denials have been used as a political strategy
It was May 1992, a few weeks after I broke what came to be known as the Harshad Mehta scam. The scam was actually a creation of fake securities (bankers’ receipts and units of Unit Trust of India) by almost the entire banking sector. My report put the securities scam at around Rs5,000 crore (a stupendous figure 16 years ago) and was front-paged...