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General
Minimum 25% Public Shareholding: Finmin
The Finance Ministry has announced its budget-promised amendment to the listing rules for all public companies. The salient features of the amendment are as ...
General
Global: Moody’s/Buffett, US Home Sales, Mortgage Walkaways
David Segal over at the NYT has Questions for Moody’s and Buffett.The “Invest in what you know” advice that Buffett spews is at risk; in a hearing of the ...
Foundations
On Yahoo: Framed and Anchored
My latest on Yahoo! : Finance and the Framing Effect Every day I read financial news that is depressing or euphoric, reinforced by data that seems to nail the ...
General
AIG Says No, Steel to fall 5%, RIL Freak Trade
AIG rejects Prudential’s lowered offer of $30 billion for the Asia insurance unit, from $35 billion. They were supposed to use the money to pay back the US ...
Breaking
IRDA Makes Insurance a Must For Pension
In the process of the SEBI fight, IRDA has decided it will kill the concept of pension products as pure retirement plans. In it’s recent order: Based upon ...
General
DB Corp’s Business Bhaskar Plagiarizes from Jago Investor
Manish Chauhan of Jago Investor has brought to my notice a troubling fact: A Dainik Bhaskar Group newspaper, Business Bhaskar, has copied a detailed article ...
General
Fool’s Gold and Credit Default Swaps
In the New Yorker, John Lanchester writes of books on the world of high finance. (“Outsmarted”) – he brings in “Fool’s Gold” by Gillian Tett, a ...
General
Katla Eruption Is Close: Iceland President
Ólafur Grímsson, Iceland’s president, said that a significant eruption is likely soon at Katla. Katla is a HUGE volcano next to the recently erupted ...
General
RBI Cuts SLR Temporarily to Ease Liquidity Concerns
RBI announces a temporary cut in SLR (Statutory Liquidity Ratio, or what percentage of deposits go into govt. bonds) of 0.5% to even out huge demands in the ...
Foundations