Zealous Regulator

Alarmed by mutual fund money lying in bank deposits well after the NFOs, SEBI wants to stop the practice. Its assumptions, conclusions and moves are based on dubious facts and logic, finds Debashis Basu

The Securities and Exchange Board of India (SEBI) has allowed mutual funds enough of leeway regarding benchmarks, objectives of a scheme and product design. Many portfolios are structured in a...

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  • Pain Management

    Dump that painkiller and try these alternative approaches

    Medications for pain relief have been surrounded by a lot of controversy in recent years. Take the case of the drug rofecoxib, marketed under the name Vioxx by Merck & Co. of the US for treatment of pain ranging from arthritic to menstrual. In September 2004, faced with concerns about increased risk of heart attack and stroke...

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  • Bringing Lakshmi To Saraswati

    Mumbai University wants to get listed. The idea is too hairbrained and too radical to work

    The 150-year-old Mumbai University wants to go public. It has already appointed Deutsche Bank as the lead manager to explore the idea. The university budget passed in early April has a Rs 2-lakh provision to prepare a feasibility report on listing the university. Listing by unusual businesses is not...

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