Recent “Investor friendly steps by SEBI

IPO: Anchor investors With the objective of boosting investor confidence in the primary market, SEBI brought the concept of ‘Anchor Investors’. This allows an individual or entity to subscribe up to 30% of the institutional share of an IPO, similar to a pre-placement agreement. Since 50% of an IPO is typically reserved for institutional investors, this would mean up to 15% of the total offering could be given to...

Who’s been India’s best and worst PM?

These views are from Vikas Singh, an editor of The Times of India, Delhi. In a few days, India will have a new Prime Minister. It’s as good a time as any to take stock of the men — and one woman — who have served us. Who’s been the best PM India’s had, and who’s done the most damage? Before I begin my analysis, I’d like to emphasise that these are purely my views, and do not...

Inflation at 0.44%…what next?

A combination of falling food articles & fuel prices and a high base effect from last year have led inflation this week to the historical low of 0.44%. The numbers were lower than the forecasted figure of 0.89% of Reuters but certainly in line with the trend that economy had expected. Annual inflation as measured by Wholesale Price Index was at 2.42% in the week before and at 7.78% in the corresponding week...

RIDING TOO MANY BOATS AT ONE TIME

There is news today in the papers about Anil Ambani now eyeing a 33% stake in Captain GR Gopinath’s cargo airline – known as Deccan Cargo. A 33% stake means Ambani is looking at an investment of Rs.250 crore and that is certainly no small change. Yet, people gave just a cursory glance at the news and moved on, as though this news did not hold any significance at all. The fact that it is in the inside pages of...

Chanakya, the world’s first Management Guru

Chanakya (Kautilya) perhaps is the only personality who has been accepted and revered as a genius both by Indian and Western scholars. His ideas and principles show concurrence and validity in the present day world. As an image of greatest diplomat of the world, his foresightedness and wide knowledge coupled with politics of expediency founded the mighty Mauryan Empire. He also credited the defeat of Alexander in...