Why the Copenhagen Deal Was Delayed by Four Hours

There was quite a flutter at the Indira Gandhi International Airport as the prime minister was preparing to leave for Copenhagen. A hydraulic trolley loaded with food items nicked the cargo door of the plane. The collision caused just a minor dent and the plane was perfectly fit for flying, but security officers of the Special Protection Group (SPG) on duty were not willing to take any...

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  • Exchanging Blows

    The competition between the bourses has assumed nasty proportions. The reason is NSE’s clout with the regulator, the government and the media.

    A few weeks ago, SEBI (Securities and Exchange Board of India) chairman CB Bhave congratulated the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for working together to create an exchange-based trading platform for mutual funds. He...

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  • Con by Consent

    SEBI's consent orders are seen as a quick escape mechanism for anyone who is caught violating market regulations

    One of the most industrious departments of the Securities and Exchange Board of India (SEBI) is the one that handles consent applications. It received 666 applications in 2008-09, which is equal to the total applications since the consent process was introduced, and this does not...

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